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
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments279,0001,201,000491,6881,064,59036,32045,990
Cash and cash equivalents279,0001,201,000491,6881,064,59036,32045,990
Restricted cash and investments      
Receivables   374,938202,145  
Prepaid expense   1,529,4693,9718,95415,725
Deposits current assets   150150150150
Other undisclosed current assets896,000833,000125,062(202,145)  
Total current assets:1,175,0002,034,0002,521,3071,068,71145,42461,865
Noncurrent Assets
Property, plant and equipment24,177,00024,552,00073,91275,36476,81578,266
Restricted cash and investments1,688,0001,688,000    
Other undisclosed noncurrent assets8,725,0008,725,000598,59548,59548,59548,595
Total noncurrent assets:34,590,00034,965,000672,507123,959125,410126,861
TOTAL ASSETS:35,765,00036,999,0003,193,8141,192,670170,834188,726
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:707,000404,000234,476356,828341,148259,991
Employee-related liabilities     10,000 
Other undisclosed accounts payable and accrued liabilities707,000404,000234,476356,828331,148259,991
Debt 1,432,0001,380,000    
Due to related parties911,000894,000332,36534,573311,188291,697
Other undisclosed current liabilities505,000474,000153,674301,71689,27279,272
Total current liabilities:3,555,0003,152,000720,515693,117741,608630,960
Noncurrent Liabilities
Liabilities, other than long-term debt17,906,00022,704,000   13,600
Asset retirement obligations17,906,00017,906,000    
Deferred tax liabilities, net  4,798,000   13,600
Other undisclosed noncurrent liabilities12,861,0007,133,000   (13,600)
Total noncurrent liabilities:30,767,00029,837,000    
Total liabilities:34,322,00032,989,000720,515693,117741,608630,960
Equity
Equity, attributable to parent, including:1,443,0004,010,0002,473,299499,553(570,774)(442,234)
Preferred stock3,0003,0005   
Common stock38,00038,00024,22421,36417,22417,970
Common stock, share subscribed but unissued, subscriptions receivable   (55,000)(110,000)25,000 
Common stock, value, subscriptions27,000     
Additional paid in capital18,684,00018,476,00014,200,94410,532,6657,665,6617,377,627
Accumulated deficit(17,309,000)(14,534,000)(11,806,874)(10,054,476)(8,278,659)(7,837,831)
Other undisclosed equity, attributable to parent  27,000110,000110,000  
Total equity:1,443,0004,010,0002,473,299499,553(570,774)(442,234)
TOTAL LIABILITIES AND EQUITY:35,765,00036,999,0003,193,8141,192,670170,834188,726

Income Statement (P&L) (USD)

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
Gross profit:(541,000)(53,850)(47,953)(45,301)(66,896)(22,596)
Operating expenses(1,974,000)(2,675,088)(1,743,853)(1,766,260)(431,800)(1,741,961)
Other undisclosed operating income541,00053,85047,95345,30166,89622,596
Operating loss:(1,974,000)(2,675,088)(1,743,853)(1,766,260)(431,800)(1,741,961)
Nonoperating income (expense)(801,000)     
Interest and debt expense(78,000)(17,667)(8,500)(1,141)(1,192)86,881
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (54,443)95(8,416)(7,736)(1,483,595)
Loss from continuing operations before income taxes:(2,853,000)(2,747,198)(1,752,258)(1,775,817)(440,728)(3,138,675)
Income tax expense (benefit)  241(141) (100) 
Loss from continuing operations:(2,853,000)(2,746,957)(1,752,399)(1,775,817)(440,828)(3,138,675)
Loss before gain (loss) on sale of properties:(2,853,000)(2,746,957)(1,752,399)(1,775,817)(440,828)(3,138,675)
Net loss:(2,853,000)(2,746,957)(1,752,399)(1,775,817)(440,828)(3,138,675)
Other undisclosed net income attributable to parent78,00020,000   521,442
Net loss available to common stockholders, diluted:(2,775,000)(2,726,957)(1,752,399)(1,775,817)(440,828)(2,617,233)

Comprehensive Income (USD)

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
Net loss:(2,853,000)(2,746,957)(1,752,399)(1,775,817)(440,828)(3,138,675)
Comprehensive loss, net of tax, attributable to parent:(2,853,000)(2,746,957)(1,752,399)(1,775,817)(440,828)(3,138,675)

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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