Diamondhead Casino Corp (DHCC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1013 PRINCESS STREET ALEXANDRIA,, VA 22314 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7011 - Hotels and Motels (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 426,124 | 55,885 | 82,091 | 88,711 | 1,966 | ||||
| Cash and cash equivalent | 426,124 | 55,885 | 82,091 | 88,711 | 1,966 | ||||
| Other current assets | 16,608 | ||||||||
| Total current assets: | 426,124 | 55,885 | 82,091 | 88,711 | 1,966 | 16,608 | |||
| Noncurrent Assets | |||||||||
| Inventory, real estate | 5,476,097 | ||||||||
| Property, plant and equipment | 5,233,204 | 5,476,097 | 5,476,097 | 5,476,097 | 5,476,097 | ||||
| Other noncurrent assets | 80 | 80 | 80 | 80 | |||||
| Other receivable, after allowance for credit loss | 154,622 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent assets | 80 | 80 | |||||||
| Total noncurrent assets: | 5,387,906 | 5,476,177 | 5,476,177 | 5,476,177 | 5,476,177 | 5,476,177 | |||
| TOTAL ASSETS: | 5,814,030 | 5,532,062 | 5,558,268 | 5,564,888 | 5,478,143 | 5,492,785 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 8,762,443 | 4,473,663 | 3,819,771 | 3,612,930 | 3,133,260 | 69,821 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 3,596,710 | 3,234,730 | 2,870,145 | 2,505,658 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 2,369,711 | |||||
| Accounts payable | 256,948 | ||||||||
| Accrued liabilities | 8,762,443 | 4,473,663 | 223,061 | 378,200 | 263,115 | 139,041 | |||
| Other undisclosed accounts payable and accrued liabilities | (5,201,537) | ||||||||
| Debt | 3,762,500 | 4,375,567 | 4,215,487 | 3,973,119 | 3,828,273 | 48,806 | |||
| Other liabilities | 17,308 | 26,250 | |||||||
| Due to related parties | ✕ | ✕ | 8,182,833 | 7,307,461 | 6,365,734 | 5,351,496 | 4,450,829 | ||
| Other undisclosed current liabilities | 6,134,482 | 270,750 | 304,864 | 6,547,963 | |||||
| Total current liabilities: | 18,676,733 | 17,032,063 | 15,342,719 | 14,248,783 | 12,617,893 | 11,117,419 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 115,000 | ||||||||
| Due to related parties | ✕ | ✕ | 115,000 | ||||||
| Other undisclosed noncurrent liabilities | 50,000 | 72,500 | |||||||
| Total noncurrent liabilities: | 50,000 | 187,500 | |||||||
| Other undisclosed liabilities | 494,875 | 362,600 | |||||||
| Total liabilities: | 18,676,733 | 17,526,938 | 15,705,319 | 14,248,783 | 12,667,893 | 11,304,919 | |||
| Equity | |||||||||
| Equity, attributable to parent | (12,862,703) | (11,994,876) | (10,147,051) | (8,683,895) | (7,189,750) | (5,812,134) | |||
| Preferred stock | 20,860 | 20,860 | 20,860 | 20,860 | 20,860 | 20,860 | |||
| Common stock | 39,052 | 39,052 | 39,052 | 39,052 | 39,052 | 39,052 | |||
| Treasury stock, value | (232,931) | (216,227) | (186,000) | (166,114) | (149,410) | (148,216) | |||
| Additional paid in capital | 36,663,780 | 36,122,078 | 36,100,973 | 36,042,139 | 35,313,037 | 35,430,445 | |||
| Accumulated deficit | (46,862,802) | (45,351,375) | (43,394,070) | (41,773,364) | (39,448,219) | (38,070,603) | |||
| Unearned esop shares | (2,490,662) | (2,609,264) | (2,727,866) | (2,846,468) | (2,965,070) | (3,083,672) | |||
| Total equity: | (12,862,703) | (11,994,876) | (10,147,051) | (8,683,895) | (7,189,750) | (5,812,134) | |||
| TOTAL LIABILITIES AND EQUITY: | 5,814,030 | 5,532,062 | 5,558,268 | 5,564,888 | 5,478,143 | 5,492,785 | |||
Income Statement (P&L) (USD)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Gross profit: | (546,400) | (831,000) | (21,570) | |||||
| Operating expenses | (804,655) | (1,000,686) | (735,497) | (762,703) | (712,232) | (712,815) | ||
| Operating loss: | (1,351,055) | (1,000,686) | (735,497) | (1,593,703) | (712,232) | (734,385) | ||
| Nonoperating income (expense) | (58,772) | (855,019) | (783,609) | (629,842) | 563,784 | 554,743 | ||
| Gain on condemnation | 757,107 | |||||||
| Other nonoperating expense | (855,019) | |||||||
| Interest and debt expense | (377,486) | (439,689) | (379,749) | (2,165) | (292,220) | (293,417) | ||
| Loss from continuing operations: | (1,787,313) | (2,295,394) | (1,898,855) | (2,225,710) | (440,668) | (473,059) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (1,898,855) | (2,225,710) | (440,668) | (473,059) | |
| Other undisclosed net loss | (816,069) | |||||||
| Net loss: | (1,787,313) | (2,295,394) | (1,898,855) | (2,225,710) | (440,668) | (1,289,128) | ||
| Other undisclosed net income (loss) attributable to parent | 377,486 | 439,689 | 379,749 | 2,165 | (835,348) | |||
| Net loss attributable to parent: | (1,409,827) | (1,855,705) | (1,519,106) | (2,223,545) | (1,276,016) | (1,289,128) | ||
| Preferred stock dividends and other adjustments | (101,600) | (101,600) | (101,600) | (101,600) | (101,600) | (101,600) | ||
| Net loss available to common stockholders, diluted: | (1,511,427) | (1,957,305) | (1,620,706) | (2,325,145) | (1,377,616) | (1,390,728) | ||
Comprehensive Income (USD)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (1,787,313) | (2,295,394) | (1,898,855) | (2,225,710) | (440,668) | (1,289,128) | ||
| Comprehensive loss, net of tax, attributable to parent: | (1,787,313) | (2,295,394) | (1,898,855) | (2,225,710) | (440,668) | (1,289,128) | ||
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.