Global Gold Corp (GBGD) Financial Statements (2024 and earlier)

Company Profile

Business Address 555 THEODORE FREMD AVENUE
RYE, NY 10580
State of Incorp. DE
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) (USD)

6/30/2017
MRQ
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 78,41012,49410,78126,3493,391
Cash and cash equivalents 78,41012,49410,78126,3493,391
Inventory, net of allowances, customer advances and progress billings 577,686615,499566,426558,523559,525
Inventory 577,686615,499566,426558,523559,525
Prepaid expense and other current assets21,967
Other current assets 35,54519,47682,16726,201
Other undisclosed current assets 92,58292,58292,58292,761625,560
Total current assets: 784,223740,051751,956703,8341,210,443
Noncurrent Assets
Property, plant and equipment 1,313,2511,431,234597,500899,2801,048,652
Intangible assets, net (including goodwill)  (3,209,936)174,018472,333770,649
Intangible assets, net (excluding goodwill)  (3,209,936)174,018472,333770,649
Other undisclosed noncurrent assets 446,5253,662,7631,570,625345,228373,118
Total noncurrent assets: 1,759,7761,884,0612,342,1431,716,8412,192,419
TOTAL ASSETS: 2,543,9992,624,1123,094,0992,420,6753,402,862
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 7,300,7926,221,7535,141,3814,225,1983,915,092
Interest and dividends payable   179,729  
Employee-related liabilities   1,805,8771,367,149962,930
Accounts payable 4,601,9384,518,3864,443,2333,862,1243,599,563
Accrued liabilities 2,554,3121,548,548610,151259,885152,490
Other undisclosed accounts payable and accrued liabilities 144,542154,819(1,897,609)(1,263,960)(799,891)
Debt 4,104,5774,104,5773,075,976569,4782,302,755
Estimated litigation liability 25,00025,00025,000  
Due to related parties 116,810133,899142,143240,684243,355
Customer advances and deposits 87,02087,02087,020
Other undisclosed current liabilities 8,167,9176,908,2336,004,2674,679,5401,148,577
Total current liabilities: 19,802,11617,480,48214,475,7879,714,9007,609,779
Noncurrent Liabilities
Long-term debt and lease obligation    87,796709,948
Long-term debt, excluding current maturities    87,796709,948
Total noncurrent liabilities:    87,796709,948
Total liabilities: 19,802,11617,480,48214,475,7879,802,6968,319,727
Equity
Equity, attributable to parent, including: (12,539,612)(11,027,811)(8,988,519)(6,061,021)(4,053,462)
Common stock 91,97890,13087,88387,27386,543
Additional paid in capital 45,004,76544,973,01344,911,74344,711,00344,444,933
Accumulated other comprehensive income 1,408,5891,427,4051,445,7591,530,9761,448,274
Accumulated deficit (59,044,944)(57,518,359)(55,433,904)(2,907,648)(2,907,648)
Other undisclosed equity, attributable to parent    (49,482,625)(47,125,564)
Equity, attributable to noncontrolling interest (4,718,505)(3,828,559)(2,393,169)(1,321,000)(863,403)
Total equity: (17,258,117)(14,856,370)(11,381,688)(7,382,021)(4,916,865)
TOTAL LIABILITIES AND EQUITY: 2,543,9992,624,1123,094,0992,420,6753,402,862

Income Statement (P&L) (USD)

6/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Financial Services Revenue)
     383
Cost of revenue
(Cost of Goods and Services Sold)
  (661,497)(610,248)(183,378)(867,905)
Gross profit:  (661,497)(610,248)(183,378)(867,522)
Operating expenses (1,385,196)(2,629,809)(3,700,783)(3,135,827)(4,182,306)
Other operating income, net
(Other Expenses)
    49,482,000 
Other undisclosed operating income (loss)  661,497610,248(49,298,622) 
Operating loss: (1,385,196)(2,629,809)(3,700,783)(3,135,827)(5,049,828)
Nonoperating income (expense) (1,013,257)(872,401)(333,142)241,712 
Interest and debt expense (1,013,257)(872,401)(333,142)(293,231)(292,040)
Other undisclosed income from continuing operations before equity method investments, income taxes 1,013,257    
Loss from continuing operations: (2,398,453)(4,374,611)(4,367,067)(3,187,346)(5,341,868)
Loss before gain (loss) on sale of properties: (2,398,453)(4,374,611)(4,367,067)(3,187,346)(5,341,868)
Other undisclosed net income  872,401333,142293,2311,869,812
Net loss: (2,398,453)(3,502,210)(4,033,925)(2,894,115)(3,472,056)
Net income attributable to noncontrolling interest 871,8681,417,755990,294537,054526,666
Other undisclosed net loss attributable to parent  (1,417,755)(990,294)(537,054)(526,666)
Net loss attributable to parent: (1,526,585)(3,502,210)(4,033,925)(2,894,115)(3,472,056)
Other undisclosed net income available to common stockholders, basic  1,417,755990,294537,054526,666
Net loss available to common stockholders, diluted: (1,526,585)(2,084,455)(3,043,631)(2,357,061)(2,945,390)

Comprehensive Income (USD)

6/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss: (2,398,453)(3,502,210)(4,033,925)(2,894,115)(3,472,056)
Other comprehensive income (loss)  (35,989) 162,159524,337
Other undisclosed comprehensive income 834,9751,417,755823,202537,054462,434
Comprehensive loss: (1,563,478)(2,120,444)(3,210,723)(2,194,902)(2,485,285)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 18,07817,63581,87579,457(526,666)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (158,914)526,666
Comprehensive loss, net of tax, attributable to parent: (1,545,400)(2,102,809)(3,128,848)(2,274,359)(2,485,285)

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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