Mineralrite Corp (RITE) financial statements (2021 and earlier)

Company profile

Business Address 7044 PORTAL WAY
FERNDALE, WA 98248
State of Incorp. NV
Fiscal Year End December 31
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
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments502 4812826
Cash and cash equivalents502 4812826
Receivables321 1702624
Inventory, net of allowances, customer advances and progress billings1511571955790131
Inventory151157195 5790131
Prepaid expense960960960 960960967
Total current assets:1,1181,1191,158 1,2351,2031,149
Noncurrent Assets
Property, plant and equipment102102107 10010098
Oil and gas property, full cost method    378535528
Intangible assets, net (including goodwill)   887887887
Intangible assets, net (excluding goodwill)    887887887
Prepaid expense297537777 1,2571,4971,737
Deferred costs      19
Other noncurrent assets    8585 
Other undisclosed noncurrent assets(4)23 (114)(242)(227)
Total noncurrent assets:395641887 2,5922,8623,041
TOTAL ASSETS:1,5131,7602,045 3,8274,0654,190
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities340349288 277254246
Accounts payable339348287 277254246
Accrued liabilities11     
Employee-related liabilities  1    
Debt431463242 539247 
Derivative instruments and hedges, liabilities4,258978240 375212 
Due to related parties11021924 351363576
Customer advances and deposits98 121
Other liabilities    25229
Other undisclosed current liabilities 183490 7312663
Total current liabilities:5,2362,1931,404 1,6401,223894
Noncurrent Liabilities
Long-term debt and lease obligation  306    
Long-term debt, excluding current maturities  306    
Liabilities, other than long-term debt  240 91212
Other liabilities    91212
Derivative instruments and hedges, liabilities  240    
Other undisclosed noncurrent liabilities  (546)    
Total noncurrent liabilities:    91212
Total liabilities:5,2362,1931,404 1,6491,236906
Stockholders' equity
Stockholders' equity attributable to parent, including:(3,724)(433)641 2,1782,8293,284
Preferred stock0      
Common stock1,317307147 575554
Additional paid in capital10,59511,15710,871 9,8819,8229,737
Accumulated other comprehensive loss(15,636)(11,897)  (7,743)(7,032)(6,490)
Accumulated deficit(0)(0)  (17)(16)(16)
Other undisclosed stockholders' equity attributable to parent  (10,377)    
Total stockholders' equity:(3,724)(433)641 2,1782,8293,284
TOTAL LIABILITIES AND EQUITY:1,5131,7602,045 3,8274,0654,190

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

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
Revenues21312855 19619576
Revenue, net213128  19619576
Cost of revenue(110)(105)(30) (184)(196)(59)
Cost of goods and services sold(110)(105)(30) (270)(267)(106)
Gross profit:1032325 12(2)17
Operating expenses(525)(498)(464) (487)(418)(241)
Other operating expense, net  (142)    
Other undisclosed operating income  142    
Operating loss:(421)(475)(439) (475)(419)(224)
Nonoperating income (expense)(84)11   31
Other nonoperating income     31
Interest and debt expense(3,233)(1,056)(487) (175)(136)(1)
Net loss:(3,739)(1,521)(926) (650)(552)(224)
Other undisclosed net income attributable to parent  345    
Net loss available to common stockholders, diluted:(3,739)(1,521)(581) (650)(552)(224)

Comprehensive Income ($ in thousands)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
Net loss:(3,739)(1,521)(926) (650)(552)(224)
Other comprehensive loss(3,739)(1,520)(581) (650)(552)(224)
Comprehensive loss, net of tax, attributable to parent:(7,478)(3,041)(1,507) (1,300)(1,105)(448)

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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