MINERALRITE Corp (RITE) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
325 N. ST. PAUL STREET DALLAS, TX 75201 |
| State of Incorp. | TX |
| Fiscal Year End | December 31 |
| Industry (SIC) | 109 - Miscellaneous Metal Ores (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2025 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 52 | 9 | |||
| Cash and cash equivalent | 52 | 9 | |||
| Receivables | 5 | ||||
| Inventory, net of allowances, customer advances and progress billings | 74 | ✕ | |||
| Inventory | 74 | ||||
| Prepaid expense | 967 | ✕ | |||
| Deferred costs | 19 | ||||
| Other undisclosed current assets | 0 | 155 | |||
| Total current assets: | 1,099 | 183 | |||
| Noncurrent Assets | |||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 102 | 4 | |||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 533 | ||||
| Long-term investments and receivables | 0 | ||||
| Long-term investments | 0 | ||||
| Prepaid expense | 1,017 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | 262 | ||
| Other undisclosed noncurrent assets | 15 | (204) | |||
| Total noncurrent assets: | 1,134 | 595 | |||
| TOTAL ASSETS: | 2,232 | 778 | |||
| 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 | ✕ | 187 | 373 | ||
| Other undisclosed current liabilities | 123 | 235 | |||
| Total current liabilities: | 1,329 | 608 | |||
| 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: | 143 | 12 | |||
| Total liabilities: | 1,472 | 620 | |||
| Equity | |||||
| Equity, attributable to parent, including: | 760 | 158 | |||
| Common stock | 89 | 45 | |||
| Additional paid in capital | 10,467 | 6,396 | |||
| Accumulated other comprehensive loss | (9,796) | (16) | |||
| Accumulated deficit | (0) | (6,266) | |||
| Other undisclosed equity, attributable to parent | |||||
| Total equity: | 760 | 158 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,232 | 778 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Revenues (Revenue, Net) | 397 | 358 | ||
| Cost of revenue | (358) | |||
| Cost of product and service sold | (338) | |||
| Gross profit: | 39 | 358 | ||
| Operating expenses | (1,592) | 755 | ||
| Other undisclosed operating loss | (1,511) | |||
| Operating loss: | (1,553) | (397) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (1,096) | |||
| Interest and debt expense | (293) | (54) | ||
| Loss from continuing operations before equity method investments, income taxes: | (2,942) | (452) | ||
| Other undisclosed loss from continuing operations before income taxes | ||||
| 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)
| 12/31/2025 | 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.