MAGELLAN GOLD Corp (MAGE) financial statements (2022 and earlier)

Company profile

Business Address 602 CEDAR STREET
WALLACE, ID 83873
State of Incorp. NV
Fiscal Year End December 31
SIC 10 - Metal Mining (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments72 85 1354
Cash and cash equivalents72 85 1354
Other undisclosed current assets47 6255
Total current assets:119 9121858
Noncurrent Assets
Other undisclosed noncurrent assets1,194 1,1131,1131,058 
Total noncurrent assets:1,194 1,1131,1131,058 
TOTAL ASSETS:1,312 1,2041,1151,07658
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities496 776859622501
Accounts payable223 20020612894
Accrued liabilities206 531618468386
Interest and dividends payable66 46352520
Debt773 669540433306
Derivative instruments and hedges, liabilities118     
Due to related parties20 53735176
Other undisclosed current liabilities11 93531
Total current liabilities:1,418 1,5921,4781,108885
Noncurrent Liabilities
Total liabilities:1,418 1,5921,4781,108885
Stockholders' equity
Stockholders' equity attributable to parent, including:(106) (388)(363)(32)(826)
Preferred stock     2,423
Common stock11 8776
Additional paid in capital17,664 14,33713,54013,21511,289
Accumulated deficit(17,781) (16,655)(15,833)(15,177)(14,543)
Other undisclosed stockholders' equity attributable to parent  1,9231,9231,923 
Total stockholders' equity:(106) (388)(363)(32)(826)
TOTAL LIABILITIES AND EQUITY:1,312 1,2041,1151,07658

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

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Operating expenses(393) (719)(489)(393)(124)
Operating loss:(393) (719)(489)(393)(124)
Nonoperating expense(68) (55)(120)(191)(2,123)
Interest and debt expense(53) (64)(163)(35)(766)
Loss before gain (loss) on sale of properties:(514) (838)(771)(619)(3,012)
Other undisclosed net income  64   
Net loss:(514) (774)(771)(619)(3,012)
Other undisclosed net income attributable to parent53  16334766
Net loss attributable to parent:(461) (774)(608)(585)(2,247)
Other undisclosed net loss available to common stockholders, basic  (48)(48)(48)(60)
Net loss available to common stockholders, diluted:(461) (822)(656)(633)(2,306)

Comprehensive Income ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net loss:(514) (774)(771)(619)(3,012)
Comprehensive loss:(514) (774)(771)(619)(3,012)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent53 (48)115(14)706
Comprehensive loss, net of tax, attributable to parent:(461) (822)(656)(633)(2,306)

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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