US Rare Earths Inc (UREE) Financial Statements (2024 and earlier)

Company Profile

Business Address 5600 TENNYSON PARKWAY
PLANO, TX 75024
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) ($ in thousands)

9/30/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1432,216167
Cash and cash equivalents 1432,216167
Receivables   190
Prepaid expense 149 
Deferred costs 277  
Deposits current assets 24  
Other current assets  50
Total current assets: 5922,266356
Noncurrent Assets
Property, plant and equipment 109114439
Assets of disposal group, including discontinued operation112 
Total noncurrent assets: 109225439
TOTAL ASSETS: 7012,491796
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 28780506
Interest and dividends payable 31  
Accounts payable 2,4971,6821,355
Accrued liabilities 200  
Other undisclosed accounts payable and accrued liabilities (2,441)(1,602)(848)
Debt 106  
Business combination, contingent consideration, liability 367
Other liabilities 272,269 
Due to related parties 82268367
Other undisclosed current liabilities 2,7681,6821,366
Total current liabilities: 3,6384,2992,240
Noncurrent Liabilities
Liabilities, other than long-term debt  181 
Disposal group, including discontinued operation, liabilities  181 
Other undisclosed noncurrent liabilities   900
Total noncurrent liabilities:  181900
Total liabilities: 3,6384,4803,140
Equity
Equity, attributable to parent, including: (2,937)(1,989)(2,344)
Common stock 000
Additional paid in capital 71,19364,64646,453
Other undisclosed equity, attributable to parent (74,129)(66,635)(48,797)
Total equity: (2,937)(1,989)(2,344)
TOTAL LIABILITIES AND EQUITY: 7012,491796

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

9/30/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues   2,081
Revenue, net   2,081
Other operating income (7,094) (6,623)
Cost of revenue   (1,707)
Gross profit:   375
Operating expenses (7,094)(5,085)(6,997)
Other operating expense, net (401)(12,694)(138)
Operating loss: (14,590)(17,779)(6,761)
Nonoperating income (expense)  (40)0
Investment income, nonoperating   0
Other nonoperating expense  (40) 
Interest and debt expense (34)(19) 
Loss from continuing operations before equity method investments, income taxes: (14,625)(17,839)(6,760)
Other undisclosed income from continuing operations before income taxes 7,12959 
Loss from continuing operations: (7,496)(17,779)(6,760)
Loss before gain (loss) on sale of properties: (7,495)(17,837)(6,760)
Income (loss) from discontinued operations 1(58) 
Other undisclosed net loss   (0)
Net loss: (7,495)(17,837)(6,761)
Other undisclosed net loss attributable to parent   (0)
Net loss available to common stockholders, diluted: (7,495)(17,837)(6,761)

Comprehensive Income ($ in thousands)

9/30/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Net loss: (7,495)(17,837)(6,761)
Comprehensive loss, net of tax, attributable to parent: (7,495)(17,837)(6,761)

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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