Global Gold Corp (GBGD) financial statements (2022 and earlier)

Company profile

Business Address 555 THEODORE FREMD AVENUE
RYE, NY 10580
State of Incorp. DE
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)

Current Assets
Cash, cash equivalents, and short-term investments781211263
Cash and cash equivalents781211263
Inventory, net of allowances, customer advances and progress billings578615566559560
Prepaid expense and other current assets22
Other current assets36198226
Other undisclosed current assets93939393626
Total current assets:7847407527041,210
Noncurrent Assets
Property, plant and equipment1,3131,4315988991,049
Intangible assets, net (including goodwill) (3,210)174472771
Intangible assets, net (excluding goodwill) (3,210)174472771
Other undisclosed noncurrent assets4473,6631,571345373
Total noncurrent assets:1,7601,8842,3421,7172,192
TOTAL ASSETS:2,5442,6243,0942,4213,403
Current Liabilities
Accounts payable and accrued liabilities, including:7,3016,2225,1414,2253,915
Accounts payable4,6024,5184,4433,8623,600
Accrued liabilities2,5541,549610260152
Employee-related liabilities  1,8061,367963
Interest and dividends payable  180  
Other undisclosed accounts payable and accrued liabilities145155(1,898)(1,264)(800)
Estimated litigation liability252525  
Due to related parties117134142241243
Customer advances and deposits878787
Other undisclosed current liabilities8,1686,9086,0044,6801,149
Total current liabilities:19,80217,48014,4769,7157,610
Noncurrent Liabilities
Long-term debt and lease obligation   88710
Long-term debt, excluding current maturities   88710
Total noncurrent liabilities:   88710
Total liabilities:19,80217,48014,4769,8038,320
Stockholders' equity
Stockholders' equity attributable to parent, including:(12,540)(11,028)(8,989)(6,061)(4,053)
Common stock9290888787
Additional paid in capital45,00544,97344,91244,71144,445
Accumulated other comprehensive income1,4091,4271,4461,5311,448
Accumulated deficit(59,045)(57,518)(55,434)(2,908)(2,908)
Other undisclosed stockholders' equity attributable to parent   (49,483)(47,126)
Stockholders' equity attributable to noncontrolling interest(4,719)(3,829)(2,393)(1,321)(863)
Total stockholders' equity:(17,258)(14,856)(11,382)(7,382)(4,917)
TOTAL LIABILITIES AND EQUITY:2,5442,6243,0942,4213,403

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

(Financial Services Revenue)
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit: (661)(610)(183)(868)
Operating expenses(1,385)(2,630)(3,701)(3,136)(4,182)
Other operating income, net
(Other Expenses)
Other undisclosed operating income (loss) 661610(49,299) 
Operating loss:(1,385)(2,630)(3,701)(3,136)(5,050)
Nonoperating income (expense)(1,013)(872)(333)242 
Interest and debt expense(1,013)(872)(333)(293)(292)
Other undisclosed income from continuing operations before equity method investments, income taxes1,013    
Loss before gain (loss) on sale of properties:(2,398)(4,375)(4,367)(3,187)(5,342)
Other undisclosed net income 8723332931,870
Net loss:(2,398)(3,502)(4,034)(2,894)(3,472)
Net income attributable to noncontrolling interest8721,418990537527
Other undisclosed net loss attributable to parent (1,418)(990)(537)(527)
Net loss attributable to parent:(1,527)(3,502)(4,034)(2,894)(3,472)
Other undisclosed net income available to common stockholders, basic 1,418990537527
Net loss available to common stockholders, diluted:(1,527)(2,084)(3,044)(2,357)(2,945)

Comprehensive Income ($ in thousands)

Net loss:(2,398)(3,502)(4,034)(2,894)(3,472)
Other comprehensive income (loss) (36) 162524
Other undisclosed comprehensive income8351,418823537462
Comprehensive loss:(1,563)(2,120)(3,211)(2,195)(2,485)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest18188279(527)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (159)527
Comprehensive loss, net of tax, attributable to parent:(1,545)(2,103)(3,129)(2,274)(2,485)

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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