MAGELLAN GOLD Corp (MAGE) financial statements (2022 and earlier)

Company profile

Business Address 602 CEDAR STREET
WALLACE, ID 83873
State of Incorp. NV
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)

9/30/2021
TTM
12/31/2020
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  55001
Cash and cash equivalents  55001
Receivables    27  
Prepaid expense      1
Other undisclosed current assets 2561152312621
Total current assets: 2611202582622
Noncurrent Assets
Operating lease, right-of-use asset  4
Property, plant and equipment  9741,0541,156  
Long-term investments and receivables    11060 
Long-term investments    11060 
Prepaid expense     30 
Other noncurrent assets      9
Other undisclosed noncurrent assets 1,113486349(1,049)323323
Total noncurrent assets: 1,1131,4641,404216413332
Other undisclosed assets    1,479  
TOTAL ASSETS: 1,1151,5251,5241,954439354
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 85988676133119241
Accounts payable 2064115412705134
Accrued liabilities 61842720760763
Employee-related liabilities     66 
Interest and dividends payable 354914  4
Debt 540116963   
Derivative instruments and hedges, liabilities     120 
Due to related parties 739841,4101,197162888
Other undisclosed current liabilities 55707751,557966286
Total current liabilities: 1,4782,5563,9093,0861,4391,215
Noncurrent Liabilities
Liabilities, other than long-term debt  10    
Other liabilities  10    
Other undisclosed noncurrent liabilities  121116116  
Total noncurrent liabilities:  131116116  
Total liabilities: 1,4782,6864,0253,2021,4391,215
Stockholders' equity
Stockholders' equity attributable to parent, including: (363)(1,161)(2,501)(1,248)(1,000)(861)
Preferred stock  2,423    
Common stock 743966549
Additional paid in capital 13,5408,3844,3112,804857424
Accumulated other comprehensive loss  (69)(109)(88)  
Accumulated deficit (15,833)(11,903)(6,707)(4,060)(1,922)(1,369)
Other undisclosed stockholders' equity attributable to parent 1,923    35
Stockholders' equity attributable to noncontrolling interest      35
Other undisclosed stockholders' equity      (35)
Total stockholders' equity: (363)(1,161)(2,501)(1,248)(1,000)(861)
TOTAL LIABILITIES AND EQUITY: 1,1151,5251,5241,954439354

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues  33124   
Cost of revenue  (286)(438) (71)(19)
Cost of goods and services sold  (286)  (71)(19)
Amortization of mortgage servicing rights (msrs)   (119)   
Gross profit:  (254)(314) (71)(19)
Operating expenses (1,175)(1,501)(1,787)(1,384)(424)(193)
Other undisclosed operating income  286438 7119
Operating loss: (1,175)(1,469)(1,663)(1,384)(424)(193)
Nonoperating expense (2,508)(3,667)(652) (74) 
Investment income, nonoperating     (74) 
Interest and debt expense (2,578)(3,151)(74)(96)(62)(92)
Loss before gain (loss) on sale of properties: (6,261)(8,287)(2,388)(1,480)(560)(285)
Other undisclosed net loss    (658)  
Net loss: (6,261)(8,287)(2,388)(2,138)(560)(285)
Net income attributable to noncontrolling interest     711
Other undisclosed net income (loss) attributable to parent 2,5463,15174 (7)(11)
Net loss attributable to parent: (3,715)(5,136)(2,314)(2,138)(560)(285)
Preferred stock dividends and other adjustments  (60)    
Other undisclosed net income (loss) available to common stockholders, basic (216) (324) 711
Net loss available to common stockholders, diluted: (3,930)(5,196)(2,638)(2,138)(553)(274)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (6,261)(8,287)(2,388)(2,138)(560)(285)
Other comprehensive income 69     
Comprehensive loss: (6,192)(8,287)(2,388)(2,138)(560)(285)
Comprehensive income, net of tax, attributable to noncontrolling interest     711
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 2,3313,17144(88)  
Comprehensive loss, net of tax, attributable to parent: (3,862)(5,116)(2,344)(2,226)(553)(274)

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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