Geovic Mining Corp (GMC) financial statements (2022 and earlier)

Company profile

Business Address 5500 E. YALE AVE., STE. 302
DENVER, CO 80222
State of Incorp. DE
Fiscal Year End December 31
SIC 10 - Metal Mining (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments1814,259
Cash and cash equivalents1814,259
Restricted cash and investments324427
Prepaid expense67
Prepaid expense and other current assets588
Other current assets15
Total current assets:5875,274
Noncurrent Assets
Property, plant and equipment1,1782,316
Deposits noncurrent assets28251
Total noncurrent assets:1,2062,567
TOTAL ASSETS:1,7937,841
Current Liabilities
Accounts payable and accrued liabilities, including:1,067764
Employee-related liabilities744 
Other undisclosed accounts payable and accrued liabilities323764
Estimated litigation liability250 
Due to related parties328359
Other undisclosed current liabilities744 
Total current liabilities:3,0531,123
Noncurrent Liabilities
Liabilities, other than long-term debt471720
Other liabilities471720
Total noncurrent liabilities:471720
Total liabilities:3,5241,843
Stockholders' equity
Stockholders' equity attributable to parent(10,202)(2,975)
Common stock1111
Additional paid in capital110,581110,577
Accumulated deficit(120,794)(113,563)
Stockholders' equity attributable to noncontrolling interest8,4718,973
Total stockholders' equity:(1,731)5,998

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

Cost of goods and services sold (4,823)
Gross profit:(2,865)(5,565)
Operating expenses(5,532)(7,036)
Operating loss:(8,397)(12,601)
Nonoperating income216832
Other nonoperating income213817
Interest and debt expense(132)(18)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes16,524(254)
Income (loss) from continuing operations before equity method investments, income taxes:8,211(12,041)
Other undisclosed loss from continuing operations before income taxes(16,422) 
Net loss:(8,211)(12,041)
Net income attributable to noncontrolling interest9801,253
Net loss available to common stockholders, diluted:(7,231)(10,788)

Comprehensive Income ($ in thousands)

Net loss:(8,211)(12,041)
Comprehensive loss:(8,211)(12,041)
Comprehensive loss, net of tax, attributable to noncontrolling interest(980)(1,253)
Comprehensive loss, net of tax, attributable to parent:(9,191)(13,294)

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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