MINERALRITE Corp (RITE) Financial Statements (2025 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)Annual | Quarterly
| 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 investments | 0 | 2 | 48 | 128 | 26 | ||||
| Cash and cash equivalent | 0 | 2 | 48 | 128 | 26 | ||||
| Receivables | 2 | 1 | 170 | 26 | 24 | ||||
| Inventory, net of allowances, customer advances and progress billings | 157 | 195 | ✕ | 57 | 90 | 131 | |||
| Inventory | 157 | 195 | 57 | 90 | 131 | ||||
| Prepaid expense | 960 | 960 | 960 | 960 | 967 | ||||
| Total current assets: | 1,119 | 1,158 | 1,235 | 1,203 | 1,149 | ||||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 102 | 107 | 100 | 100 | 98 | ||||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 378 | 535 | 528 | ||||||
| Intangible assets, net (including goodwill) | ✕ | 887 | 887 | 887 | |||||
| Intangible assets, net (excluding goodwill) | 887 | 887 | 887 | ||||||
| Prepaid expense | 537 | 777 | 1,257 | 1,497 | 1,737 | ||||
| Deferred costs | 19 | ||||||||
| Other noncurrent assets | 85 | 85 | |||||||
| Other undisclosed noncurrent assets | 2 | 3 | (114) | (242) | (227) | ||||
| Total noncurrent assets: | 641 | 887 | 2,592 | 2,862 | 3,041 | ||||
| TOTAL ASSETS: | 1,760 | 2,045 | 3,827 | 4,065 | 4,190 | ||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 349 | 288 | 277 | 254 | 246 | ||||
| Employee-related liabilities | 1 | ||||||||
| Accounts payable | 348 | 287 | 277 | 254 | 246 | ||||
| Accrued liabilities | 1 | ||||||||
| Debt | 463 | 242 | 539 | 247 | |||||
| Derivative instruments and hedges, liabilities | 978 | 240 | 375 | 212 | |||||
| Other liabilities | 25 | 22 | 9 | ||||||
| Due to related parties | 219 | 24 | 351 | 363 | 576 | ||||
| Customer advances and deposits | 121 | ✕ | ✕ | ✕ | ✕ | ||||
| Other undisclosed current liabilities | 183 | 490 | 73 | 126 | 63 | ||||
| Total current liabilities: | 2,193 | 1,404 | 1,640 | 1,223 | 894 | ||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 306 | ||||||||
| Long-term debt, excluding current maturities | 306 | ||||||||
| Liabilities, other than long-term debt | 240 | 9 | 12 | 12 | |||||
| Other liabilities | 9 | 12 | 12 | ||||||
| Derivative instruments and hedges, liabilities | 240 | ||||||||
| Other undisclosed noncurrent liabilities | (546) | ||||||||
| Total noncurrent liabilities: | 9 | 12 | 12 | ||||||
| Total liabilities: | 2,193 | 1,404 | 1,649 | 1,236 | 906 | ||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (433) | 641 | 2,178 | 2,829 | 3,284 | ||||
| Preferred stock | |||||||||
| Common stock | 307 | 147 | 57 | 55 | 54 | ||||
| Additional paid in capital | 11,157 | 10,871 | 9,881 | 9,822 | 9,737 | ||||
| Accumulated other comprehensive loss | (11,897) | (7,743) | (7,032) | (6,490) | |||||
| Accumulated deficit | (0) | (17) | (16) | (16) | |||||
| Other undisclosed equity, attributable to parent | (10,377) | ||||||||
| Total equity: | (433) | 641 | 2,178 | 2,829 | 3,284 | ||||
| TOTAL LIABILITIES AND EQUITY: | 1,760 | 2,045 | 3,827 | 4,065 | 4,190 | ||||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 128 | 55 | 196 | 195 | 76 | |||
| Revenue, net | 128 | 196 | 195 | 76 | ||||
| Cost of revenue | (105) | (30) | (184) | (196) | (59) | |||
| Cost of product and service sold | (105) | (30) | (270) | (267) | (106) | |||
| Gross profit: | 23 | 25 | 12 | (2) | 17 | |||
| Operating expenses | (498) | (464) | (487) | (418) | (241) | |||
| Other operating expense, net | (142) | |||||||
| Other undisclosed operating income | 142 | |||||||
| Operating loss: | (475) | (439) | (475) | (419) | (224) | |||
| Nonoperating income (expense) | 11 | 3 | 1 | |||||
| Other nonoperating income | 3 | 1 | ||||||
| Interest and debt expense | (1,056) | (487) | (175) | (136) | (1) | |||
| Loss from continuing operations: | (1,521) | (926) | (650) | (552) | (224) | |||
| Loss before gain (loss) on sale of properties: | (1,521) | (926) | (650) | (552) | (224) | |||
| Net loss: | (1,521) | (926) | (650) | (552) | (224) | |||
| Other undisclosed net income attributable to parent | 345 | |||||||
| Net loss available to common stockholders, diluted: | (1,521) | (581) | (650) | (552) | (224) | |||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 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: | (1,521) | (926) | (650) | (552) | (224) | |||
| Other comprehensive loss | (1,520) | (581) | (650) | (552) | (224) | |||
| Comprehensive loss, net of tax, attributable to parent: | (3,041) | (1,507) | (1,300) | (1,105) | (448) | |||
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.