Inception Mining Inc. (IMII) Financial Statements (2024 and earlier)

Company Profile

Business Address 5330 SO 900 E
MURRAY, UT 84117
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 104 - Gold And Silver Ores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25055153485152
Cash and cash equivalents2505534485152
Short-term investments   118   
Receivables 12122160
Inventory, net of allowances, customer advances and progress billings  4557378555711,430
Inventory  4557378555711,430
Deferred costs   12 119
Asset, held-for-sale, not part of disposal group 300     
Other undisclosed current assets(247)2011121537
Total current assets:3035439239356531,529
Noncurrent Assets
Operating lease, right-of-use asset2336  
Property, plant and equipment4431414443664882
Long-term investments and receivables      
Accounts and financing receivable, after allowance for credit loss      
Disposal group, including discontinued operation, noncurrent assets 823     
Other noncurrent assets11621633737 
Other undisclosed noncurrent assets      26
Total noncurrent assets:851629577480701908
TOTAL ASSETS:1,1531,1721,5001,4161,3542,436
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,0825,8353,4542,1921,6321,540
Employee-related liabilities644618507411262
Accounts payable128655719751559900
Accrued liabilities4,2224,4291,620531394270
Other undisclosed accounts payable and accrued liabilities732106497404268108
Debt3,802382,326271277266
Derivative instruments and hedges, liabilities3,2634,0497,56414,2222,548648
Disposal group, including discontinued operation 3,305     
Due to related parties2,6967,4577,1056,9216,8236,740
Other undisclosed current liabilities10,92113,2818,5377,9647,8175,843
Total current liabilities:29,06830,65928,98831,57119,09615,037
Noncurrent Liabilities
Long-term debt and lease obligation 601151601,567  
Long-term debt, excluding current maturities 60921601,567  
Liabilities, other than long-term debt 6,156     
Due to related parties5,379     
Disposal group, including discontinued operation, liabilities 768     
Operating lease, liability 1023  
Other undisclosed noncurrent liabilities 6511,820513342353
Total noncurrent liabilities:6,2167891,9802,080342353
Total liabilities:35,28431,44830,96833,65019,43815,390
Equity
Equity, attributable to parent(34,119)(30,265)(29,459)(32,227)(18,075)(12,946)
Preferred stock000000
Common stock221111
Additional paid in capital8,1537,8815,8835,3104,4913,992
Accumulated other comprehensive loss (619)(640)(673)(526)(557)(556)
Accumulated deficit(41,656)(37,508)(34,669)(37,011)(22,009)(16,383)
Equity, attributable to noncontrolling interest (12)(10)(9)(8)(9)(8)
Total equity:(34,131)(30,276)(29,467)(32,235)(18,084)(12,954)
TOTAL LIABILITIES AND EQUITY:1,1531,1721,5001,4161,3542,436

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues 4,726   3,632
Revenue, net3,632
Cost of revenue  (3,286)(2,826)(3,656)(3,741) 
Cost of goods and services sold    (3,656)(3,741) 
Other undisclosed gross profit   4,144   
Gross profit:  1,4401,317(3,656)(3,741)3,632
Operating expenses(746)(1,176)(1,281)(5,759)(5,814)(5,320)
Other undisclosed operating income   8,6117,709 
Operating income (loss):(746)26437(804)(1,846)(1,688)
Nonoperating income (expense)(2,287)(2,575)2,305(14,197)(3,781)(1,697)
Other nonoperating income (expense)  (1,214)21685(1,697)
Interest and debt expense(272)(1,784)(531)(24,659)(9)(3)
Income (loss) from continuing operations before equity method investments, income taxes:(3,304)(4,095)1,810(39,660)(5,636)(3,388)
Other undisclosed income (loss) from continuing operations before income taxes2721,78453124,65993
Income (loss) from continuing operations before income taxes:(3,033)(2,312)2,342(15,001)(5,627)(3,385)
Income tax expense  (530)    
Other undisclosed income from continuing operations      
Income (loss) from continuing operations:(3,033)(2,841)2,342(15,001)(5,627)(3,385)
Income (loss) before gain (loss) on sale of properties:(2,841)2,342(15,001)(5,627)(3,385)
Income (loss) from discontinued operations1,116     
Other undisclosed net income (loss)(2,232)     
Net income (loss):(4,149)(2,841)2,342(15,001)(5,627)(3,385)
Net income (loss) attributable to noncontrolling interest221(1)10
Net income (loss) available to common stockholders, diluted:(4,147)(2,840)2,342(15,002)(5,626)(3,384)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(4,149)(2,841)2,342(15,001)(5,627)(3,385)
Other comprehensive income (loss)2133(147)(14,970)(5,626)(3,390)
Other undisclosed comprehensive income      
Comprehensive income (loss):(4,128)(2,808)2,194(29,970)(11,253)(6,775)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(1)(0)(0)(0)(0)
Other undisclosed comprehensive income, net of tax, attributable to parent   15,0015,6273,385
Comprehensive income (loss), net of tax, attributable to parent:(4,128)(2,809)2,194(14,970)(5,626)(3,390)

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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