MAGELLAN GOLD Corp (MAGE) Financial Statements (2023 and earlier)

Company Profile

Business Address 602 CEDAR STREET
WALLACE, ID 83873
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 10 - Metal Mining (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2023
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 investments 119 550
Cash and cash equivalents 119 550
Receivables      27
Other undisclosed current assets610256115231
Total current assets:729261120258
Noncurrent Assets
Operating lease, right-of-use asset    4
Property, plant and equipment    9741,0541,156
Long-term investments and receivables      110
Long-term investments      110
Other undisclosed noncurrent assets1941,1941,113486349(1,049)
Total noncurrent assets:1941,1941,1131,4641,404216
Other undisclosed assets      1,479
TOTAL ASSETS:2011,2221,1151,5251,5241,954
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities420507859886761331
Interest and dividends payable75354914 
Accounts payable214226206411541270
Accrued liabilities20620661842720760
Debt806784540116963 
Derivative instruments and hedges, liabilities148151    
Due to related parties  33739841,4101,197
Other undisclosed current liabilities3241355707751,557
Total current liabilities:1,6991,4891,4782,5563,9093,086
Noncurrent Liabilities
Liabilities, other than long-term debt    10  
Other liabilities    10  
Other undisclosed noncurrent liabilities    121116116
Total noncurrent liabilities:    131116116
Total liabilities:1,6991,4891,4782,6864,0253,202
Equity
Equity, attributable to parent, including:(1,498)(266)(363)(1,161)(2,501)(1,248)
Preferred stock    2,423  
Common stock131174396
Additional paid in capital18,01917,69213,5408,3844,3112,804
Accumulated other comprehensive loss    (69)(109)(88)
Accumulated deficit(19,530)(17,970)(15,833)(11,903)(6,707)(4,060)
Other undisclosed equity, attributable to parent   1,923   
Total equity:(1,498)(266)(363)(1,161)(2,501)(1,248)
TOTAL LIABILITIES AND EQUITY:2011,2221,1151,5251,5241,954

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

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues    33124 
Cost of revenue    (286)(438) 
Cost of goods and services sold    (286)  
Amortization of mortgage servicing rights (msrs)     (119) 
Gross profit:    (254)(314) 
Operating expenses(1,280)(1,771)(1,175)(1,501)(1,787)(1,384)
Other undisclosed operating income    286438 
Operating loss:(1,280)(1,771)(1,175)(1,469)(1,663)(1,384)
Nonoperating income (expense)(280)(286)(2,508)(3,667)(652) 
Interest and debt expense(282)(231)(2,578)(3,151)(74)(96)
Loss from continuing operations:(1,842)(2,287)(6,261)(8,287)(2,388)(1,480)
Loss before gain (loss) on sale of properties:(2,287)(6,261)(8,287)(2,388)(1,480)
Other undisclosed net loss      (658)
Net loss:(1,842)(2,287)(6,261)(8,287)(2,388)(2,138)
Other undisclosed net income attributable to parent2822312,5463,15174 
Net loss attributable to parent:(1,560)(2,057)(3,715)(5,136)(2,314)(2,138)
Preferred stock dividends and other adjustments    (60)  
Other undisclosed net loss available to common stockholders, basic  (80)(216) (324) 
Net loss available to common stockholders, diluted:(1,560)(2,137)(3,930)(5,196)(2,638)(2,138)

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(1,842)(2,287)(6,261)(8,287)(2,388)(2,138)
Other comprehensive income   69   
Comprehensive loss:(1,842)(2,287)(6,192)(8,287)(2,388)(2,138)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  1512,3313,17144(88)
Comprehensive loss, net of tax, attributable to parent:(1,842)(2,137)(3,862)(5,116)(2,344)(2,226)

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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