Star Mountain Resources, Inc. (SMRS) Financial Statements (2024 and earlier)

Company Profile

Business Address 8307 SHAFFER PARKWAY
LITTLETON, CO 80127
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 10 - Metal Mining (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

6/30/2016
MRQ
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,201,00045,99079 
Cash and cash equivalents 1,201,00045,99079 
Prepaid expense  15,72531,620
Deposits current assets  15017,975 
Deferred tax assets    63,000
Other undisclosed current assets 833,000   
Total current assets: 2,034,00061,86549,67463,000
Noncurrent Assets
Property, plant and equipment 24,552,00078,26695,61640,367
Restricted cash and investments 1,688,000   
Other undisclosed noncurrent assets 8,725,00048,59550,194 
Total noncurrent assets: 34,965,000126,861145,81040,367
Other undisclosed assets    (37,131)
TOTAL ASSETS: 36,999,000188,726195,48466,236
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 404,000259,991420,470330,298
Other undisclosed accounts payable and accrued liabilities 404,000259,991420,470330,298
Debt 1,380,000   
Due to related parties 894,000291,697 185,000
Other undisclosed current liabilities 474,00079,272120,138275,335
Total current liabilities: 3,152,000630,960540,608790,633
Noncurrent Liabilities
Long-term debt and lease obligation, including:   1,000,000 
Long-term debt, excluding current maturities   178,858 
Other undisclosed long-term debt and lease obligation   821,142 
Liabilities, other than long-term debt 22,704,00013,600(20,600) 
Asset retirement obligations 17,906,000   
Deferred tax liabilities, net 4,798,00013,600(20,600) 
Other undisclosed noncurrent liabilities 7,133,000(13,600)(800,542) 
Total noncurrent liabilities: 29,837,000 178,858 
Total liabilities: 32,989,000630,960719,466790,633
Equity
Equity, attributable to parent, including: 4,010,000(442,234)(523,982)(724,397)
Preferred stock 3,000   
Common stock 38,00017,97038,79231,300
Additional paid in capital 18,476,0007,377,627  
Retained earnings (accumulated deficit) (14,534,000)(7,837,831)3,419,424(53,168)
Other undisclosed equity, attributable to parent 27,000 (3,982,198)(702,529)
Total equity: 4,010,000(442,234)(523,982)(724,397)
TOTAL LIABILITIES AND EQUITY: 36,999,000188,726195,48466,236

Income Statement (P&L) (USD)

6/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Gross profit: (214,000)(68,884)(1,021,597)(151,848)
Operating expenses (6,617,000)(2,673,001)(2,972,926)(626,183)
Other undisclosed operating income 214,00068,8841,021,597151,848
Operating loss: (6,617,000)(2,673,001)(2,972,926)(626,183)
Nonoperating income (expense) (79,000)(1,483,595)950,138 
Debt instrument, convertible, beneficial conversion feature  298,988950,138 
Interest and debt expense (20,000)(497,499)(71,273)22,088
Loss from continuing operations before equity method investments, income taxes: (6,716,000)(4,654,095)(2,094,061)(604,095)
Other undisclosed loss from continuing operations before income taxes    (44,176)
Loss from continuing operations before income taxes: (6,716,000)(4,654,095)(2,094,061)(648,271)
Income tax benefit    182,309
Loss from continuing operations: (6,716,000)(4,654,095)(2,094,061)(465,962)
Loss before gain (loss) on sale of properties: (6,716,000)(4,654,095)(2,094,061)(465,962)
Net loss: (6,716,000)(4,654,095)(2,094,061)(465,962)
Other undisclosed net income (loss) attributable to parent 20,000497,499(1,185,608)(182,309)
Net loss available to common stockholders, diluted: (6,696,000)(4,156,596)(3,279,669)(648,271)

Comprehensive Income (USD)

6/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss: (6,716,000)(4,654,095)(2,094,061)(465,962)
Comprehensive loss, net of tax, attributable to parent: (6,716,000)(4,654,095)(2,094,061)(465,962)

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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