ADAMANT DRI PROCESSING & MINERALS GROUP (ADMG) Financial Statements (2024 and earlier)

Company Profile

Business Address 4 S 9TH STREET
COLUMBIA, MO 65201
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 10 - Metal Mining (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   34258727
Cash and cash equivalents   34258727
Receivables   90   
Inventory, net of allowances, customer advances and progress billings    4586941,458
Inventory    4586941,458
Prepaid expense 3  459  
Asset, held-for-sale, not part of disposal group    4,011  
Other undisclosed current assets   2,8322,7622,966
Total current assets:3 1247,7863,5424,451
Noncurrent Assets
Property, plant and equipment   41323,10924,57626,988
Long-term investments and receivables    74  
Long-term investments    74  
Intangible assets, net (including goodwill)    9,2238,7839,484
Goodwill    6,1245,7696,162
Intangible assets, net (excluding goodwill)    3,0993,0143,321
Other undisclosed noncurrent assets    3656,0378,112
Total noncurrent assets:   41332,77139,39544,584
TOTAL ASSETS:3 53740,55642,93749,034
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:   793,8256,1346,297
Interest and dividends payable   4,6393,898
Taxes payable 4219119127
Employee-related liabilities 4 151276
Accounts payable   713,0402,8605,091
Accrued liabilities    12,25111,28010,927
Other undisclosed accounts payable and accrued liabilities    (11,684)(12,916)(14,021)
Debt22  2,687187200
Due to related parties 44435,407  
Other undisclosed current liabilities1823719,90349,21450,642
Total current liabilities:40669161,82255,53657,140
Noncurrent Liabilities
Long-term debt and lease obligation    199  
Long-term debt, excluding current maturities    199  
Liabilities, other than long-term debt    13  
Accounts payable and accrued liabilities    13  
Other undisclosed noncurrent liabilities     1448
Total noncurrent liabilities:    2111448
Total liabilities:40669162,03455,55057,188
Equity
Equity, attributable to parent, including:(37)(66)446(21,477)(12,612)(8,153)
Common stock161616676464
Additional paid in capital7,6397,5397,5347,9977,0166,950
Accumulated deficit(9,551)(9,479)(9,589)(30,844)(21,991)(16,762)
Other undisclosed equity, attributable to parent1,8581,8582,4851,3032,2991,596
Total equity:(37)(66)446(21,477)(12,612)(8,153)
TOTAL LIABILITIES AND EQUITY:3 53740,55642,93749,034

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues   491,756613720
Revenue, net 613720
Cost of revenue   (34)(1,619)(294)(1,207)
Cost of goods and services sold   (560)(351)(294)(1,207)
Gross profit:   15137320(487)
Operating expenses(72)(61)(585)(4,174)(4,426) 
Other operating expense, net
(Other Expenses)
    (132)  
Other undisclosed operating income    132  
Operating loss:(72)(61)(570)(4,037)(4,106)(487)
Nonoperating income (expense) 01,205 (1,154) 
Other nonoperating income  01,198   
Interest and debt expense   (1,038)(1,054)1,125
Income (loss) from continuing operations before equity method investments, income taxes:(72)(61)635(5,075)(6,314)638
Other undisclosed loss from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(72)(61)635(5,075)(6,314)638
Income tax expense (benefit)   (0)(10)3229
Other undisclosed loss from continuing operations   (0)   
Income (loss) from continuing operations:(72)(61)635(5,084)(6,283)667
Income (loss) before gain (loss) on sale of properties:(61)(3,673)(5,084)(6,283)667
Loss from discontinued operations   (4,308)   
Other undisclosed net income (loss)    (2,090)1,054(9,830)
Net loss:(72)(61)(3,673)(7,174)(5,228)(9,163)
Other undisclosed net income attributable to parent   24,928   
Net income (loss) available to common stockholders, diluted:(72)(61)21,255(7,174)(5,228)(9,163)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(72)(61)(3,673)(7,174)(5,228)(9,163)
Other comprehensive income     703305
Comprehensive loss:(72)(61)(3,673)(7,174)(4,525)(8,858)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   1,182(1,084)(703)(305)
Other undisclosed comprehensive income, net of tax, attributable to parent   24,928 703305
Comprehensive income (loss), net of tax, attributable to parent:(72)(61)22,437(8,258)(4,525)(8,858)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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