DESERT HAWK GOLD CORP. (DHGC) financial statements (2021 and earlier)

Company profile

Business Address 1290 HOLCOMB AVE.
RENO, NV 89502
State of Incorp. NV
Fiscal Year End December 31
SIC 104 - Gold And Silver Ores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2,11694658133162
Cash and cash equivalents 2,11694658133162
Inventory, net of allowances, customer advances and progress billings 4,3341,1936001432,5541,745
Inventory 4,3341,1936001432,5541,745
Other undisclosed current assets 1814010213346143
Total current assets: 6,6311,2437069342,7322,050
Noncurrent Assets
Inventory, Noncurrent   2,7222,951  
Property, plant and equipment 5,2883,4163,6214,0404,5843,190
Other undisclosed noncurrent assets 4,4891,6321,8681,8492,7322,786
Total noncurrent assets: 9,7775,0488,2118,8407,3165,976
TOTAL ASSETS: 16,4086,2918,9189,77410,0498,026
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 437653680745754870
Accrued liabilities  922710496309248
Interest and dividends payable  464317193983,383
Other undisclosed accounts payable and accrued liabilities 437(733)(347)56348(2,760)
Debt 1,3021,9939341,8191,403746
Derivative instruments and hedges, liabilities 189     
Due to related parties   62514,61013,0402,124
Other undisclosed current liabilities 2001,3861,9077,9285,6373,713
Total current liabilities: 2,1284,0324,14625,10220,8357,453
Noncurrent Liabilities
Long-term debt and lease obligation 13,411 4455051,077372
Long-term debt, excluding current maturities 13,411 4454531,077372
Capital lease obligations  52  
Liabilities, other than long-term debt 8277931,047974 10,405
Asset retirement obligations 8277931,047974 740
Due to related parties      9,665
Other undisclosed noncurrent liabilities   24,037 902 
Total noncurrent liabilities: 14,23779325,5281,4791,97910,778
Total liabilities: 16,3664,82429,67426,58222,81418,231
Stockholders' equity
Stockholders' equity attributable to parent, including: 421,466(20,756)(16,808)(12,766)(10,205)
Preferred stock      1
Common stock 272114141313
Additional paid in capital 9,4667,1209,1439,1329,1208,329
Accumulated deficit (9,451)(5,675)(29,915)(25,955)(21,900)(18,549)
Other undisclosed stockholders' equity attributable to parent   2220
Total stockholders' equity: 421,466(20,756)(16,808)(12,766)(10,205)
TOTAL LIABILITIES AND EQUITY: 16,4086,2918,9189,77410,0498,026

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 8892481631,2793,2751,225
Revenue, net 1,2793,2751,225
Cost of revenue (870)   (792) 
Cost of goods and services sold (870)     
Financial services costs  (792) 
Gross profit: 192481631,2792,4841,225
Operating expenses (3,599)(3,080)(1,589)(3,138)(3,796)(2,091)
Other operating expense, net      (2,506)
Other undisclosed operating income 870   7922,506
Operating loss: (2,709)(2,832)(1,426)(1,859)(521)(866)
Nonoperating income (expense) (1,067)24,176(2,534)(2,195)(2,831) 
Interest and debt expense (46)24,917(2,296)(12)(2,042)1,511
Income (loss) from continuing operations before equity method investments, income taxes: (3,823)46,261(6,256)(4,066)(5,393)645
Other undisclosed income (loss) from continuing operations before income taxes 46(24,917)2,296122,042(4,018)
Net income (loss) attributable to parent: (3,776)21,344(3,961)(4,054)(3,352)(3,372)
Preferred stock dividends and other adjustments  (4,069)    
Other undisclosed net income available to common stockholders, basic  8,137    
Net income (loss) available to common stockholders, basic: (3,776)25,413(3,961)(4,054)(3,352)(3,372)
Interest on convertible debt  74    
Other undisclosed net loss available to common stockholders, diluted  (74)    
Net income (loss) available to common stockholders, diluted: (3,776)25,413(3,961)(4,054)(3,352)(3,372)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (3,776)21,344(3,961)(4,054)(3,352)(3,372)
Comprehensive income (loss), net of tax, attributable to parent: (3,776)21,344(3,961)(4,054)(3,352)(3,372)

Statements sources

The financial statements are based on the company's filings with the 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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