Inception Mining Inc. (IMII) financial statements (2020 and earlier)

Company profile

Business Address 5330 SO 900 E
MURRAY, UT 84117
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
7/31/2015
7/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4851521951382506
Cash and cash equivalents4851521951382506
Receivables21601115  
Inventory, net of allowances, customer advances and progress billings8555711,4301,484970  
Inventory8555711,4301,484970  
Deferred costs 119    
Other undisclosed current assets1215372518(55)135
Total current assets:9356531,5291,7141,141195141
Noncurrent Assets
Property, plant and equipment4436648821,2371,760  
Other noncurrent assets3737     
Other undisclosed noncurrent assets  262625 950
Total noncurrent assets:4807019081,2631,784 950
TOTAL ASSETS:1,4161,3542,4362,9772,9251951,091
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,1921,6321,5401,0785,19378158
Accounts payable751559900429309  
Accrued liabilities5313942702964,884  
Employee-related liabilities507411262176   
Interest and dividends payable     11426
Other undisclosed accounts payable and accrued liabilities404268108177 (36)132
Debt2712772663717015918
Derivative instruments and hedges, liabilities4,9832,548648 9,966365113
Due to related parties6,9216,8236,7406,529729  
Other undisclosed current liabilities7,9647,8175,8434,6922,003  
Total current liabilities:22,33219,09615,03712,66917,961602289
Noncurrent Liabilities
Long-term debt and lease obligation1,567   2  
Long-term debt, excluding current maturities1,567   2  
Other undisclosed noncurrent liabilities51334235325678  
Total noncurrent liabilities:2,08034235325679  
Other undisclosed liabilities     1,190871
Total liabilities:24,41219,43815,39012,92518,0401,7911,160
Stockholders' equity
Stockholders' equity attributable to parent(22,988)(18,075)(12,946)(9,941)(15,107)(1,597)(69)
Preferred stock0000   
Common stock1111300
Common stock, value, subscriptions      45
Additional paid in capital6,5224,4913,9923,607(1,446)9,0655,969
Accumulated other comprehensive loss(526)(557)(556)(550)(235)  
Accumulated deficit(28,984)(22,009)(16,383)(12,999)(13,428)(10,662)(6,083)
Stockholders' equity attributable to noncontrolling interest(8)(9)(8)(8)(8)  
Total stockholders' equity:(22,996)(18,084)(12,954)(9,948)(15,115)(1,597)(69)
TOTAL LIABILITIES AND EQUITY:1,4161,3542,4362,9772,9251951,091

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
7/31/2015
7/31/2014
Revenues  3,6325,95529  
Revenue, net3,6325,955   
Other income    29 
Cost of revenue
(Cost of Goods and Services Sold)
(3,656)(3,741) (1,518)(1,518)(249)(34)
Gross profit:(3,656)(3,741)3,6324,436(1,490)(249)(34)
Operating expenses(5,759)(5,814)(5,320)(8,925)(5,286)(3,206)(736)
Other undisclosed operating income8,6117,709 1,5185,01424934
Operating loss:(804)(1,846)(1,688)(2,970)(1,762)(3,206)(736)
Nonoperating income (expense)(6,170)(3,781)(1,697)20,325(8,478)(1,373)(289)
Debt instrument, convertible, beneficial conversion feature      630
Other nonoperating income (expense)685(1,697)20,325(8,478)(1,373)(919)
Interest and debt expense(147)(9)(3)215(31)(1,854)(823)
Income (loss) from continuing operations before equity method investments, income taxes:(7,121)(5,636)(3,388)17,570(10,270)(6,432)(1,847)
Other undisclosed income (loss) from continuing operations before income taxes14793(215)311,854193
Net income (loss):(6,974)(5,627)(3,385)17,355(10,240)(4,578)(1,655)
Net income (loss) attributable to noncontrolling interest(1)10(1)3  
Net income (loss) available to common stockholders, diluted:(6,975)(5,626)(3,384)17,354(10,236)(4,578)(1,655)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
7/31/2015
7/31/2014
Net income (loss):(6,974)(5,627)(3,385)17,355(10,240)(4,578)(1,655)
Other comprehensive income (loss)(6,943)(5,626)(3,390)17,041(10,432)  
Comprehensive income (loss):(13,917)(11,253)(6,775)34,395(20,672)(4,578)(1,655)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)1(3)  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6,9745,6273,385(17,356)10,247  
Comprehensive income (loss), net of tax, attributable to parent:(6,943)(5,626)(3,390)17,040(10,429)(4,578)(1,655)

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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