Rocky Mountain Industrials, Inc. (RMRI) Financial Statements (2024 and earlier)

Company Profile

Business Address 4601 DTC BLVD.
DENVER, CO 80237
State of Incorp. NV
Fiscal Year End March 31
Industry (SIC) 738 - Miscellaneous Business Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,5293,2381,62259528815
Cash and cash equivalents3,5293,2381,62259528815
Restricted cash and investments 186186185218112196
Receivables541277212910380
Inventory, net of allowances, customer advances and progress billings10225 104954
Inventory10225 104954
Prepaid expense1,25267958838514049
Disposal group, including discontinued operation   5   
Other undisclosed current assets2,4622,3533,404   
Total current assets:7,5846,6095,8768009321,194
Noncurrent Assets
Operating lease, right-of-use asset418 242520
Inventory, real estate14,9406,9746,930   
Property, plant and equipment2,2342,4452,6735,3583,2613,827
Intangible assets, net (including goodwill)4153653064141
Goodwill    3064141
Intangible assets, net (excluding goodwill)415365   
Regulated entity, other noncurrent assets   55   
Deposits noncurrent assets35121111   
Restricted cash and investments186186    
Other undisclosed noncurrent assets6671216,9255,4143,663
Total noncurrent assets:17,9199,84910,09613,1098,7157,531
TOTAL ASSETS:25,50316,45815,97213,9099,6478,724
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,4672,5012,2662,5041,058722
Interest and dividends payable1,7431,2011,009140  
Accounts payable7,5761,1046101,300875608
Accrued liabilities1481966471,065182114
Debt412354,4742,778361224
Other liabilities  424   
Due to related parties     202
Other undisclosed current liabilities1,9561,3681,3111,2101,3152,290
Total current liabilities:11,4644,1048,4766,4922,7343,437
Noncurrent Liabilities
Long-term debt and lease obligation13,5135,1689521,516 2,278
Long-term debt, excluding current maturities13,5135,1689521,516 2,247
Capital lease obligations 31
Liabilities, other than long-term debt55113212010910166
Deferred rent credit     4015
Asset retirement obligations1451321201096151
Operating lease, liability407   
Other undisclosed noncurrent liabilities   242720 283
Total noncurrent liabilities:14,0645,2991,3142,3451012,628
Total liabilities:25,5299,4039,7898,8372,8356,065
Equity
Equity, attributable to parent, including:(26)7,055(5,709)5,0726,6732,848
Preferred stock    4,327  
Additional paid in capital60,78458,97251,65849,27642,10230,238
Accumulated deficit(72,703)(63,811)(57,368)(48,572)(35,429)(27,429)
Other undisclosed equity, attributable to parent11,89311,893 41 39
Equity, attributable to noncontrolling interest     99(188)
Other undisclosed equity   11,893 40 
Total equity:(26)7,0556,1835,0726,8122,659
TOTAL LIABILITIES AND EQUITY:25,50316,45815,97213,9099,6478,724

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

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Revenues8282,7786802,0911,4301,060
Cost of revenue
(Cost of Goods and Services Sold)
(1,169)(2,371)(699)(1,878)(1,304)(962)
Gross profit:(341)407(19)21312699
Operating expenses      (5,472)
Other undisclosed operating loss(6,939)(11,650)(12,133)(12,337)(8,835) 
Operating loss:(7,281)(11,244)(12,152)(12,125)(8,709)(5,374)
Nonoperating income
(Other Nonoperating income)
    1,000 
Interest and debt expense  439   (12,083)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Loss from continuing operations before equity method investments, income taxes:(7,281)(10,805)(12,152)(12,125)(7,709)(17,457)
Other undisclosed income (loss) from continuing operations before income taxes(1,067)4,1545,619(428)(516)(750)
Loss from continuing operations before income taxes:(8,347)(6,651)(6,533)(12,553)(8,225)(18,206)
Income tax expense (benefit) (2)  1 (5)
Other undisclosed loss from continuing operations      
Loss from continuing operations:(8,350)(6,651)(6,533)(12,552)(8,225)(18,212)
Loss before gain (loss) on sale of properties:(6,251)(6,533)(12,552)(8,225)(18,212)
Income from discontinued operations  400    
Other undisclosed net loss  (1,394)   
Net loss:(8,350)(6,251)(7,926)(12,552)(8,225)(18,212)
Net income (loss) attributable to noncontrolling interest     (11)243
Other undisclosed net income attributable to parent     22 
Net loss available to common stockholders, diluted:(8,350)(6,251)(7,926)(12,552)(8,214)(17,969)

Comprehensive Income ($ in thousands)

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Net loss:(8,350)(6,251)(7,926)(12,552)(8,225)(18,212)
Comprehensive loss:(8,350)(6,251)(7,926)(12,552)(8,225)(18,212)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     (11)243
Comprehensive loss, net of tax, attributable to parent:(8,350)(6,251)(7,926)(12,552)(8,236)(17,969)

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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