Inception Mining Inc. (IMII) Financial Statements (2023 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
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 55 | 153 | 48 | 51 | 52 | 195 | ||
| Cash and cash equivalents | 55 | 34 | 48 | 51 | 52 | 195 | ||
| Short-term investments | 118 | |||||||
| Receivables | 12 | 12 | 21 | 6 | 0 | 11 | ||
| Inventory, net of allowances, customer advances and progress billings | 455 | 737 | 855 | 571 | 1,430 | 1,484 | ||
| Inventory | 455 | 737 | 855 | 571 | 1,430 | 1,484 | ||
| Deferred costs | 12 | 11 | 9 | |||||
| Other undisclosed current assets | 20 | 11 | 12 | 15 | 37 | 25 | ||
| Total current assets: | 543 | 923 | 935 | 653 | 1,529 | 1,714 | ||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 36 | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 431 | 414 | 443 | 664 | 882 | 1,237 | ||
| Other noncurrent assets | 162 | 163 | 37 | 37 | ||||
| Other undisclosed noncurrent assets | 26 | 26 | ||||||
| Total noncurrent assets: | 629 | 577 | 480 | 701 | 908 | 1,263 | ||
| TOTAL ASSETS: | 1,172 | 1,500 | 1,416 | 1,354 | 2,436 | 2,977 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 5,835 | 3,454 | 2,192 | 1,632 | 1,540 | 1,078 | ||
| Accounts payable | 655 | 719 | 751 | 559 | 900 | 429 | ||
| Accrued liabilities | 4,429 | 1,620 | 531 | 394 | 270 | 296 | ||
| Employee-related liabilities | 644 | 618 | 507 | 411 | 262 | 176 | ||
| Other undisclosed accounts payable and accrued liabilities | 106 | 497 | 404 | 268 | 108 | 177 | ||
| Debt | 38 | 2,326 | 271 | 277 | 266 | 371 | ||
| Derivative instruments and hedges, liabilities | 4,049 | 7,564 | 14,222 | 2,548 | 648 | |||
| Due to related parties | 7,457 | 7,105 | 6,921 | 6,823 | 6,740 | 6,529 | ||
| Other undisclosed current liabilities | 13,281 | 8,537 | 7,964 | 7,817 | 5,843 | 4,692 | ||
| Total current liabilities: | 30,659 | 28,988 | 31,571 | 19,096 | 15,037 | 12,669 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 115 | 160 | 1,567 | |||||
| Long-term debt, excluding current maturities | 92 | 160 | 1,567 | |||||
| Operating lease, liability | 23 | ✕ | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 651 | 1,820 | 513 | 342 | 353 | 256 | ||
| Total noncurrent liabilities: | 789 | 1,980 | 2,080 | 342 | 353 | 256 | ||
| Total liabilities: | 31,448 | 30,968 | 33,650 | 19,438 | 15,390 | 12,925 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | (30,265) | (29,459) | (32,227) | (18,075) | (12,946) | (9,941) | ||
| Preferred stock | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Common stock | 2 | 1 | 1 | 1 | 1 | 1 | ||
| Additional paid in capital | 7,881 | 5,883 | 5,310 | 4,491 | 3,992 | 3,607 | ||
| Accumulated other comprehensive loss | (640) | (673) | (526) | (557) | (556) | (550) | ||
| Accumulated deficit | (37,508) | (34,669) | (37,011) | (22,009) | (16,383) | (12,999) | ||
| Stockholders' equity attributable to noncontrolling interest | (10) | (9) | (8) | (9) | (8) | (8) | ||
| Total stockholders' equity: | (30,276) | (29,467) | (32,235) | (18,084) | (12,954) | (9,948) | ||
| TOTAL LIABILITIES AND EQUITY: | 1,172 | 1,500 | 1,416 | 1,354 | 2,436 | 2,977 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 4,726 | 3,632 | 5,955 | ||||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 3,632 | 5,955 | |
| Cost of revenue | (3,286) | (2,826) | (3,656) | (3,741) | (1,518) | ||
| Cost of goods and services sold | (3,656) | (3,741) | (1,518) | ||||
| Other undisclosed gross profit | 4,144 | ||||||
| Gross profit: | 1,440 | 1,317 | (3,656) | (3,741) | 3,632 | 4,436 | |
| Operating expenses | (1,176) | (1,281) | (5,759) | (5,814) | (5,320) | (8,925) | |
| Other undisclosed operating income | 8,611 | 7,709 | 1,518 | ||||
| Operating income (loss): | 264 | 37 | (804) | (1,846) | (1,688) | (2,970) | |
| Nonoperating income (expense) | (2,575) | 2,305 | (14,197) | (3,781) | (1,697) | 20,325 | |
| Other nonoperating income (expense) | (1,214) | 21 | 68 | 5 | (1,697) | 20,325 | |
| Interest and debt expense | (1,784) | (531) | (24,659) | (9) | (3) | 215 | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (4,095) | 1,810 | (39,660) | (5,636) | (3,388) | 17,570 | |
| Other undisclosed income (loss) from continuing operations before income taxes | 1,784 | 531 | 24,659 | 9 | 3 | (215) | |
| Income (loss) from continuing operations before income taxes: | (2,312) | 2,342 | (15,001) | (5,627) | (3,385) | 17,355 | |
| Income tax expense | (530) | ||||||
| Net income (loss): | (2,841) | 2,342 | (15,001) | (5,627) | (3,385) | 17,355 | |
| Net income (loss) attributable to noncontrolling interest | 2 | 1 | (1) | 1 | 0 | (1) | |
| Net income (loss) available to common stockholders, diluted: | (2,840) | 2,342 | (15,002) | (5,626) | (3,384) | 17,354 | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (2,841) | 2,342 | (15,001) | (5,627) | (3,385) | 17,355 | |
| Other comprehensive income (loss) | 33 | (147) | (14,970) | (5,626) | (3,390) | 17,041 | |
| Comprehensive income (loss): | (2,808) | 2,194 | (29,970) | (11,253) | (6,775) | 34,395 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1) | (0) | (0) | (0) | (0) | 1 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 15,001 | 5,627 | 3,385 | (17,356) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (2,809) | 2,194 | (14,970) | (5,626) | (3,390) | 17,040 | |
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.