Geovic Mining Corp (GMC) Financial Statements (2024 and earlier)

Company Profile

Business Address 5500 E. YALE AVE., STE. 302
DENVER, CO 80222
State of Incorp. DE
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)

6/30/2014
MRQ
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 181,0004,259,000
Cash and cash equivalents 181,0004,259,000
Restricted cash and investments 324,000427,000
Prepaid expense 67,000
Prepaid expense and other current assets588,000
Other current assets 15,000
Total current assets: 587,0005,274,000
Noncurrent Assets
Property, plant and equipment 1,178,0002,316,000
Deposits noncurrent assets 28,000251,000
Total noncurrent assets: 1,206,0002,567,000
TOTAL ASSETS: 1,793,0007,841,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,067,000764,000
Employee-related liabilities 744,000 
Other undisclosed accounts payable and accrued liabilities 323,000764,000
Debt 664,000 
Estimated litigation liability 250,000 
Due to related parties 328,000359,000
Other undisclosed current liabilities 744,000 
Total current liabilities: 3,053,0001,123,000
Noncurrent Liabilities
Liabilities, other than long-term debt 471,000720,000
Other liabilities 471,000720,000
Total noncurrent liabilities: 471,000720,000
Total liabilities: 3,524,0001,843,000
Equity
Equity, attributable to parent (10,202,000)(2,975,000)
Common stock 11,00011,000
Additional paid in capital 110,581,000110,577,000
Accumulated deficit (120,794,000)(113,563,000)
Equity, attributable to noncontrolling interest 8,471,0008,973,000
Total equity: (1,731,000)5,998,000
TOTAL LIABILITIES AND EQUITY: 1,793,0007,841,000

Income Statement (P&L) (USD)

6/30/2014
TTM
12/31/2013
12/31/2012
Cost of goods and services sold  (4,823,000)
Gross profit: (2,865,000)(5,565,000)
Operating expenses (5,532,000)(7,036,000)
Operating loss: (8,397,000)(12,601,000)
Nonoperating income 216,000832,000
Other nonoperating income 213,000817,000
Interest and debt expense (132,000)(18,000)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 16,524,000(254,000)
Income (loss) from continuing operations before equity method investments, income taxes: 8,211,000(12,041,000)
Other undisclosed loss from continuing operations before income taxes (16,422,000) 
Loss from continuing operations: (8,211,000)(12,041,000)
Loss before gain (loss) on sale of properties: (8,211,000)(12,041,000)
Net loss: (8,211,000)(12,041,000)
Net income attributable to noncontrolling interest 980,0001,253,000
Net loss available to common stockholders, diluted: (7,231,000)(10,788,000)

Comprehensive Income (USD)

6/30/2014
TTM
12/31/2013
12/31/2012
Net loss: (8,211,000)(12,041,000)
Comprehensive loss: (8,211,000)(12,041,000)
Comprehensive loss, net of tax, attributable to noncontrolling interest (980,000)(1,253,000)
Comprehensive loss, net of tax, attributable to parent: (9,191,000)(13,294,000)

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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