Inception Mining Inc. (BSAI) Financial Statements (2026 and earlier)

Company Profile

Business Address 5330 SO 900 E
MURRAY, UT 84117
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 104 - Gold And Silver Ores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments96025025025055153
Cash and cash equivalent9602502502505534
Short-term investments      118
Receivables 2,2192,219  1212
Inventory, net of allowances, customer advances and progress billings     455737
Inventory     455737
Deferred costs      12
Asset, held-for-sale, not part of disposal group    300  
Other current assets45     
Other undisclosed current assets(2,102) (240)(247)2011
Total current assets:1,1232,46910303543923
Noncurrent Assets
Operating lease, right-of-use asset256 102336 
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization   34431414
Disposal group, including discontinued operation, noncurrent assets    823  
Other noncurrent assets1111162163
Other undisclosed noncurrent assets1,289     
Total noncurrent assets:1,546113851629577
Other undisclosed assets  (2,469)    
TOTAL ASSETS:2,6681231,1531,1721,500
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,7741,7461,3325,0825,8353,454
Employee-related liabilities✕✕✕✕✕644618
Accounts payable243519349128655719
Accrued liabilities1441,2279144,2224,4291,620
Other undisclosed accounts payable and accrued liabilities1,387 69732106497
Debt601251253,802382,326
Derivative instruments and hedges, liabilities15187393,2634,0497,564
Disposal group, including discontinued operation    3,305  
Due to related parties✕✕✕✕2,6967,4577,105
Other undisclosed current liabilities1,5681,2908010,92113,2818,537
Total current liabilities:3,4163,3471,57629,06830,65928,988
Noncurrent Liabilities
Long-term debt and lease obligation    60115160
Long-term debt, excluding current maturities    6092160
Liabilities, other than long-term debt183  6,156  
Due to related parties✕✕✕✕5,379  
Disposal group, including discontinued operation, liabilities    768  
Operating lease, liability183  1023 
Other undisclosed noncurrent liabilities   869 6511,820
Total noncurrent liabilities:183 8696,2167891,980
Total liabilities:3,5993,3472,44535,28431,44830,968
Equity
Equity, attributable to parent(930)(3,346)(2,422)(34,119)(30,265)(29,459)
Preferred stock000000
Common stock0026221
Additional paid in capital33,44826,51726,4668,1537,8815,883
Accumulated other comprehensive loss    (619)(640)(673)
Accumulated deficit(34,379)(29,863)(28,914)(41,656)(37,508)(34,669)
Equity, attributable to noncontrolling interest    (12)(10)(9)
Total equity:(930)(3,346)(2,422)(34,131)(30,276)(29,467)
TOTAL LIABILITIES AND EQUITY:2,6681231,1531,1721,500

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues     4,726 
Cost of revenue     (3,286)(2,826)
Other undisclosed gross profit      4,144
Gross profit:     1,4401,317
Operating expenses(2,666)(521)(1,067)(746)(1,176)(1,281)
Operating income (loss):(2,666)(521)(1,067)(746)26437
Nonoperating income (expense)(1,850)(429)7,089(2,287)(2,575)2,305
Other nonoperating income (expense)0   (1,214)21
Interest and debt expense(1,976)(13)6,313(272)(1,784)(531)
Income (loss) from continuing operations before equity method investments, income taxes:(6,491)(963)12,336(3,304)(4,095)1,810
Other undisclosed income (loss) from continuing operations before income taxes1,97613(6,313)2721,784531
Income (loss) from continuing operations before income taxes:(4,516)(950)6,023(3,033)(2,312)2,342
Income tax expense     (530) 
Income (loss) from continuing operations:(4,516)(950)6,023(3,033)(2,841)2,342
Income (loss) before gain (loss) on sale of properties:✕✕✕✕✕(2,841)2,342
Income from discontinued operations    1,116  
Other undisclosed net income (loss)   6,733(2,232)  
Net income (loss):(4,516)(950)12,756(4,149)(2,841)2,342
Net income (loss) attributable to noncontrolling interest   (14)221
Net income (loss) attributable to parent:(4,516)(950)12,742(4,147)(2,840)2,342
Other undisclosed net loss available to common stockholders, basic(8,511)     
Net income (loss) available to common stockholders, diluted:(13,026)(950)12,742(4,147)(2,840)2,342

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(4,516)(950)12,756(4,149)(2,841)2,342
Other comprehensive income (loss)   (86)2133(147)
Comprehensive income (loss):(4,516)(950)12,669(4,128)(2,808)2,194
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (14)0(1)(0)
Other undisclosed comprehensive income, net of tax, attributable to parent   14   
Comprehensive income (loss), net of tax, attributable to parent:(4,516)(950)12,669(4,128)(2,809)2,194

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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