MAGELLAN GOLD Corp (MAGE) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) (USD)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  27,2617432,1442,7092,152
Cash and cash equivalents  27,2617432,1442,7092,152
Other undisclosed current assets3,648102,1315,95011,0394,43911,095
Total current assets:3,648129,3926,69313,1837,14813,247
Noncurrent Assets
Other undisclosed noncurrent assets1,294,2741,194,274194,2741,194,2741,194,2741,194,274
Total noncurrent assets:1,294,2741,194,274194,2741,194,2741,194,2741,194,274
TOTAL ASSETS:1,297,9221,323,666200,9671,207,4571,201,4221,207,521
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities408,417398,514420,109530,140529,972524,458
Interest and dividends payable109,57396,55386,158
Accounts payable194,329192,046213,641214,099226,951231,832
Accrued liabilities214,088206,468206,468206,468206,468206,468
Debt528,997520,978805,978787,310782,525776,951
Derivative instruments and hedges, liabilities77,548126,393148,165389,593427,965121,413
Due to related parties 86,69063,69033,690
Other undisclosed current liabilities606,236560,164324,49284,10957,72555,376
Total current liabilities:1,621,1981,606,0491,698,7441,877,8421,861,8771,511,888
Noncurrent Liabilities
Total liabilities:1,621,1981,606,0491,698,7441,877,8421,861,8771,511,888
Equity
Equity, attributable to parent(323,276)(282,383)(1,497,777)(670,385)(660,455)(304,367)
Common stock19,48719,48712,77311,98711,75411,521
Additional paid in capital19,265,46719,258,79318,019,19217,900,99817,834,43117,758,671
Accumulated deficit(19,608,230)(19,560,663)(19,529,742)(18,583,370)(18,506,640)(18,074,559)
Total equity:(323,276)(282,383)(1,497,777)(670,385)(660,455)(304,367)
TOTAL LIABILITIES AND EQUITY:1,297,9221,323,666200,9671,207,4571,201,4221,207,521

Income Statement (P&L) (USD)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Operating expenses(67,620)(33,945)(1,147,262)(33,313)(31,211)(68,597)
Operating loss:(67,620)(33,945)(1,147,262)(33,313)(31,211)(68,597)
Nonoperating income (expense)20,0533,024200,890(43,417)(400,870)(36,149)
Interest and debt expense(28,792)(18,748)(40,538)(81,789)(94,318)(65,689)
Loss from continuing operations:(76,359)(49,669)(986,910)(158,519)(526,399)(170,435)
Loss before gain (loss) on sale of properties:(158,519)(526,399)(170,435)
Net loss:(76,359)(49,669)(986,910)(158,519)(526,399)(170,435)
Other undisclosed net income attributable to parent28,79218,74840,53881,78994,31865,689
Net loss available to common stockholders, diluted:(47,567)(30,921)(946,372)(76,730)(432,081)(104,746)

Comprehensive Income (USD)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(76,359)(49,669)(986,910)(158,519)(526,399)(170,435)
Comprehensive loss, net of tax, attributable to parent:(76,359)(49,669)(986,910)(158,519)(526,399)(170,435)

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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