Inception Mining Inc. (IMII) financial statements (2021 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)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 485152195138
Cash and cash equivalents 485152195138
Receivables 21601115
Inventory, net of allowances, customer advances and progress billings 8555711,4301,484970
Inventory 8555711,4301,484970
Deferred costs  119  
Other undisclosed current assets 1215372518
Total current assets: 9356531,5291,7141,141
Noncurrent Assets
Property, plant and equipment 4436648821,2371,760
Other noncurrent assets 3737   
Other undisclosed noncurrent assets   262625
Total noncurrent assets: 4807019081,2631,784
TOTAL ASSETS: 1,4161,3542,4362,9772,925
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 2,1921,6321,5401,0785,193
Accounts payable 751559900429309
Accrued liabilities 5313942702964,884
Employee-related liabilities 507411262176 
Other undisclosed accounts payable and accrued liabilities 404268108177 
Debt 27127726637170
Derivative instruments and hedges, liabilities 14,2222,548648 9,966
Due to related parties 6,9216,8236,7406,529729
Other undisclosed current liabilities 7,9647,8175,8434,6922,003
Total current liabilities: 31,57119,09615,03712,66917,961
Noncurrent Liabilities
Long-term debt and lease obligation 1,567   2
Long-term debt, excluding current maturities 1,567   2
Other undisclosed noncurrent liabilities 51334235325678
Total noncurrent liabilities: 2,08034235325679
Total liabilities: 33,65019,43815,39012,92518,040
Stockholders' equity
Stockholders' equity attributable to parent (32,227)(18,075)(12,946)(9,941)(15,107)
Preferred stock 0000 
Common stock 11113
Additional paid in capital 5,3104,4913,9923,607(1,446)
Accumulated other comprehensive loss (526)(557)(556)(550)(235)
Accumulated deficit (37,011)(22,009)(16,383)(12,999)(13,428)
Stockholders' equity attributable to noncontrolling interest (8)(9)(8)(8)(8)
Total stockholders' equity: (32,235)(18,084)(12,954)(9,948)(15,115)
TOTAL LIABILITIES AND EQUITY: 1,4161,3542,4362,9772,925

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
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)
Gross profit: (3,656)(3,741)3,6324,436(1,490)
Operating expenses (5,759)(5,814)(5,320)(8,925)(5,286)
Other undisclosed operating income 8,6117,709 1,5185,014
Operating loss: (804)(1,846)(1,688)(2,970)(1,762)
Nonoperating income (expense) (14,197)(3,781)(1,697)20,325(8,478)
Other nonoperating income (expense) 685(1,697)20,325(8,478)
Interest and debt expense (24,659)(9)(3)215(31)
Income (loss) from continuing operations before equity method investments, income taxes: (39,660)(5,636)(3,388)17,570(10,270)
Other undisclosed income (loss) from continuing operations before income taxes 24,65993(215)31
Net income (loss): (15,001)(5,627)(3,385)17,355(10,240)
Net income (loss) attributable to noncontrolling interest (1)10(1)3
Net income (loss) available to common stockholders, diluted: (15,002)(5,626)(3,384)17,354(10,236)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (15,001)(5,627)(3,385)17,355(10,240)
Other comprehensive income (loss) (14,970)(5,626)(3,390)17,041(10,432)
Comprehensive income (loss): (29,970)(11,253)(6,775)34,395(20,672)
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 parent 15,0015,6273,385(17,356)10,247
Comprehensive income (loss), net of tax, attributable to parent: (14,970)(5,626)(3,390)17,040(10,429)

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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