Magellan Gold Corp (MAGE) financial statements (2021 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)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments135415820
Cash and cash equivalents135415820
Other undisclosed current assets5555641108106
Total current assets:185866148110106
Noncurrent Assets
Operating lease, right-of-use asset   4667
Property, plant and equipment   9749611,0171,035
Other undisclosed noncurrent assets1,058  486458471421
Total noncurrent assets:1,058  1,4641,4251,4931,463
TOTAL ASSETS:1,0765861,5251,4731,6031,569
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities622501510886972998823
Accounts payable12894108411557580544
Accrued liabilities468386366427377389258
Interest and dividends payable25203749382820
Debt433306408116119975973
Due to related parties51761829841,0041,6561,539
Other undisclosed current liabilities3143570261927837
Total current liabilities:1,1088851,1442,5562,3564,5564,172
Noncurrent Liabilities
Long-term debt and lease obligation    555
Long-term debt, excluding current maturities    555
Liabilities, other than long-term debt   10   
Other liabilities   10   
Other undisclosed noncurrent liabilities   121116119117
Total noncurrent liabilities:   131121124123
Total liabilities:1,1088851,1442,6862,4774,6794,294
Stockholders' equity
Stockholders' equity attributable to parent, including:(32)(826)(1,138)(1,161)(1,003)(3,076)(2,725)
Preferred stock 2,4232,4232,4232,423  
Common stock7644443
Additional paid in capital13,21511,2898,6738,3847,9964,5684,413
Accumulated other comprehensive loss   (69)(119)(89)(99)
Accumulated deficit(15,177)(14,543)(12,237)(11,903)(11,307)(7,559)(7,043)
Other undisclosed stockholders' equity attributable to parent1,923      
Total stockholders' equity:(32)(826)(1,138)(1,161)(1,003)(3,076)(2,725)
TOTAL LIABILITIES AND EQUITY:1,0765861,5251,4731,6031,569

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
6/30/2019
Q2
3/31/2019
Q1
Revenues      33
Cost of revenue   (22)(96)(74)(95)
Gross profit:   (22)(96)(74)(62)
Operating expenses(393)(124)(170)(296)(490)(418)(297)
Other undisclosed operating income   22967495
Operating loss:(393)(124)(170)(296)(490)(418)(264)
Nonoperating expense(191)(2,123)(75)(239)(3,258)(97)(73)
Foreign currency transaction gain (loss), before tax  69(0)0(2) 
Interest and debt expense(35)(766)(75) (3,151)(96)(1)
Net loss:(619)(3,012)(319)(536)(6,899)(611)(338)
Other undisclosed net income attributable to parent3476645 3,151961
Net loss attributable to parent:(585)(2,247)(274)(536)(3,748)(515)(337)
Other undisclosed net loss available to common stockholders, basic(48)(60)(60)(60)   
Net loss available to common stockholders, diluted:(633)(2,306)(334)(596)(3,748)(515)(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
6/30/2019
Q2
3/31/2019
Q1
Net loss:(619)(3,012)(319)(536)(6,899)(611)(338)
Other comprehensive income  69    
Comprehensive loss:(619)(3,012)(251)(536)(6,899)(611)(338)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(14)706(15)303,12110611
Comprehensive loss, net of tax, attributable to parent:(633)(2,306)(266)(506)(3,778)(505)(327)

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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