Inception Mining Inc. (IMII) financial statements (2021 and earlier)

Company profile

Business Address 5330 SO 900 E
MURRAY, UT 84117
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
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments49374819448210
Cash and cash equivalents1501473048210
Short-term investments343601165  
Receivables1214192183
Inventory, net of allowances, customer advances and progress billings4166696438551,081
Inventory4166696438551,081
Deferred costs8176 18
Other undisclosed current assets8091230
Total current assets:9371,4488719351,423
Noncurrent Assets
Property, plant and equipment457538428443491
Other noncurrent assets3737293736
Total noncurrent assets:494574456480527
TOTAL ASSETS:1,4312,0221,3271,4161,950
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,4752,4532,1682,1922,104
Accounts payable780923769751681
Accrued liabilities859819651531415
Employee-related liabilities627586597507552
Other undisclosed accounts payable and accrued liabilities209125151404456
Debt125458326271232
Derivative instruments and hedges, liabilities9,12110,95012,16514,22217,351
Due to related parties6,9577,0106,8496,9216,830
Other undisclosed current liabilities8,6448,4258,1797,9647,966
Total current liabilities:27,32129,29629,68931,57134,482
Noncurrent Liabilities
Long-term debt and lease obligation1001002,0711,5671,057
Long-term debt, excluding current maturities1001002,0711,5671,057
Other undisclosed noncurrent liabilities3,3223,010511513338
Total noncurrent liabilities:3,4223,1102,5822,0801,395
Total liabilities:30,74332,40632,27033,65035,877
Stockholders' equity
Stockholders' equity attributable to parent(29,303)(30,375)(30,933)(32,227)(33,918)
Preferred stock00000
Common stock11111
Additional paid in capital5,7235,6735,5575,3105,271
Accumulated other comprehensive loss(648)(618)(611)(526)(542)
Accumulated deficit(34,378)(35,430)(35,881)(37,011)(38,648)
Stockholders' equity attributable to noncontrolling interest(9)(9)(9)(8)(8)
Total stockholders' equity:(29,312)(30,384)(30,943)(32,235)(33,927)
TOTAL LIABILITIES AND EQUITY:1,4312,0221,3271,4161,950

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Gross profit:(867)(612)(944)(1,288)(484)
Operating expenses(1,212)(925)(1,280)(1,619)(1,055)
Other undisclosed operating income2,2541,4162,0732,3662,338
Operating income (loss):175(121)(151)(541)799
Nonoperating income8775721,2802,1781,540
Interest and debt expense(101)(106)(112)(24,249)(191)
Income (loss) from continuing operations before equity method investments, income taxes:9513441,017(22,612)2,147
Other undisclosed income from continuing operations before income taxes10110611224,249191
Net income:1,0524511,1291,6372,338
Net income (loss) attributable to noncontrolling interest(0)(0)1(0)(1)
Net income available to common stockholders, diluted:1,0524511,1311,6362,337

Comprehensive Income ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Net income:1,0524511,1291,6372,338
Other comprehensive income (loss)(30)4431,0451,6532,316
Comprehensive income:1,0228942,1743,2894,654
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)0(0)(0)
Other undisclosed comprehensive loss, net of tax, attributable to parent (451)(1,129)(1,637)(2,338)
Comprehensive income, net of tax, attributable to parent:1,0224431,0451,6522,316

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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