DESERT HAWK GOLD CORP. (DHGC) financial statements (2020 and earlier)

Company profile

Business Address 1290 HOLCOMB AVE.
RENO, NV 89502
State of Incorp. NV
Fiscal Year End December 31
SIC 104 - Gold And Silver Ores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,116946581331629
Cash and cash equivalents2,116946581331629
Inventory, net of allowances, customer advances and progress billings4,3341,1936001432,5541,745
Inventory4,3341,1936001432,5541,745 
Prepaid expense and other current assets103
Other undisclosed current assets1814010213346143 
Total current assets:6,6311,2437069342,7322,050112
Noncurrent Assets
Inventory, Noncurrent  2,7222,951   
Property, plant and equipment5,2883,4163,6214,0404,5843,190228
Other undisclosed noncurrent assets4,4891,6321,8681,8492,7322,786991
Total noncurrent assets:9,7775,0488,2118,8407,3165,9761,219
TOTAL ASSETS:16,4086,2918,9189,77410,0498,0261,330
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:437653680745754870198
Accrued liabilities 922710496309248 
Interest and dividends payable 464317193983,383 
Other undisclosed accounts payable and accrued liabilities437(733)(347)56348(2,760)198
Debt1,3021,9939341,8191,403746600
Derivative instruments and hedges, liabilities189      
Due to related parties  62514,61013,0402,124 
Other undisclosed current liabilities2001,3861,9077,9285,6373,713332
Total current liabilities:2,1284,0324,14625,10220,8357,4531,130
Noncurrent Liabilities
Long-term debt and lease obligation13,411 4455051,0773726,264
Long-term debt, excluding current maturities13,411 4454531,0773726,264
Capital lease obligations  52   
Liabilities, other than long-term debt8277931,047974 10,405 
Asset retirement obligations8277931,047974 740 
Due to related parties     9,665 
Other undisclosed noncurrent liabilities  24,037 902 2,152
Total noncurrent liabilities:14,23779325,5281,4791,97910,7788,416
Total liabilities:16,3664,82429,67426,58222,81418,2319,546
Stockholders' equity
Stockholders' equity attributable to parent, including:421,466(20,756)(16,808)(12,766)(10,205)(8,216)
Preferred stock     11
Common stock2721141413139
Additional paid in capital9,4667,1209,1439,1329,1208,3296,950
Accumulated deficit(9,451)(5,675)(29,915)(25,955)(21,900)(18,549) 
Other undisclosed stockholders' equity attributable to parent  2220(15,176)
Total stockholders' equity:421,466(20,756)(16,808)(12,766)(10,205)(8,216)
TOTAL LIABILITIES AND EQUITY:16,4086,2918,9189,77410,0498,0261,330

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues8892481631,2793,2751,225 
Revenue, net 1,2793,2751,225 
Cost of revenue(870)   (792)  
Cost of goods and services sold(870)      
Financial services costs  (792)  
Gross profit:192481631,2792,4841,225 
Operating expenses(3,599)(3,080)(1,589)(3,138)(3,796)(2,091)(860)
Other operating expense, net     (2,506)(1,899)
Other undisclosed operating income870   7922,5061,899
Operating loss:(2,709)(2,832)(1,426)(1,859)(521)(866)(860)
Nonoperating income (expense)(1,067)24,176(2,534)(2,195)(2,831)  
Interest and debt expense(46)24,917(2,296)(12)(2,042)1,5111,571
Income (loss) from continuing operations before equity method investments, income taxes:(3,823)46,261(6,256)(4,066)(5,393)645711
Other undisclosed income (loss) from continuing operations before income taxes46(24,917)2,296122,042(4,018)(3,470)
Net income (loss) attributable to parent:(3,776)21,344(3,961)(4,054)(3,352)(3,372)(2,760)
Preferred stock dividends and other adjustments (4,069)     
Other undisclosed net income available to common stockholders, basic 8,137     
Net income (loss) available to common stockholders, basic:(3,776)25,413(3,961)(4,054)(3,352)(3,372)(2,760)
Interest on convertible debt 74     
Other undisclosed net loss available to common stockholders, diluted (74)     
Net income (loss) available to common stockholders, diluted:(3,776)25,413(3,961)(4,054)(3,352)(3,372)(2,760)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(3,776)21,344(3,961)(4,054)(3,352)(3,372)(2,760)
Comprehensive income (loss), net of tax, attributable to parent:(3,776)21,344(3,961)(4,054)(3,352)(3,372)(2,760)

Statements sources

The financial statements are based on the company's filings with the 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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