Mineralrite Corp (RITE) Financial Statements (2024 and earlier)

Company Profile

Business Address 7044 PORTAL WAY
FERNDALE, WA 98248
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 3532 - Mining Machinery and Equipment, Except Oil and Gas Field Machinery and Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2014
MRQ
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 529
Cash and cash equivalents 529
Receivables 5 
Inventory, net of allowances, customer advances and progress billings 74
Inventory 74 
Prepaid expense 967
Deferred costs  19
Other undisclosed current assets 0155
Total current assets: 1,099183
Noncurrent Assets
Property, plant and equipment 1024
Oil and gas property, full cost method  533
Long-term investments and receivables 0 
Long-term investments 0 
Prepaid expense 1,017
Prepaid expense and other noncurrent assets262
Other undisclosed noncurrent assets 15(204)
Total noncurrent assets: 1,134595
TOTAL ASSETS: 2,232778
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 232 
Accounts payable 232 
Debt 543 
Derivative instruments and hedges, liabilities 245 
Due to related parties 187373
Other undisclosed current liabilities 123235
Total current liabilities: 1,329608
Noncurrent Liabilities
Long-term debt and lease obligation 30 
Long-term debt, excluding current maturities 30 
Liabilities, other than long-term debt 113 
Derivative instruments and hedges, liabilities 113 
Other undisclosed noncurrent liabilities  12
Total noncurrent liabilities: 14312
Total liabilities: 1,472620
Equity
Equity, attributable to parent 760158
Common stock 8945
Additional paid in capital 10,4676,396
Accumulated other comprehensive loss (9,796)(16)
Accumulated deficit (0)(6,266)
Total equity: 760158
TOTAL LIABILITIES AND EQUITY: 2,232778

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

9/30/2014
TTM
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
 397358
Cost of revenue (358) 
Cost of goods and services sold (338) 
Gross profit: 39358
Operating expenses (1,592)755
Other undisclosed operating loss  (1,511)
Operating loss: (1,553)(397)
Nonoperating expense
(Other Nonoperating expense)
 (1,096) 
Interest and debt expense (293)(54)
Loss from continuing operations: (2,942)(452)
Loss before gain (loss) on sale of properties: (2,942)(452)
Other undisclosed net loss (587) 
Net loss: (3,530)(452)
Other undisclosed net loss attributable to parent  (2)
Net loss available to common stockholders, diluted: (3,530)(454)

Comprehensive Income ($ in thousands)

9/30/2014
TTM
12/31/2013
12/31/2012
Net loss: (3,530)(452)
Other comprehensive loss (3,530)(442)
Comprehensive loss: (7,060)(893)
Other undisclosed comprehensive income, net of tax, attributable to parent 7,059 
Comprehensive loss, net of tax, attributable to parent: (1)(893)

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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