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 | 5 | 5 | 0 | 0 | 1 | ||||
| Cash and cash equivalents | 5 | 5 | 0 | 0 | 1 | ||||
| Receivables | 27 | ||||||||
| Prepaid expense | 1 | ||||||||
| Other undisclosed current assets | 2 | 56 | 115 | 231 | 26 | 21 | |||
| Total current assets: | 2 | 61 | 120 | 258 | 26 | 22 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 4 | ✕ | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 974 | 1,054 | 1,156 | ||||||
| Long-term investments and receivables | 110 | 60 | |||||||
| Long-term investments | 110 | 60 | |||||||
| Prepaid expense | 30 | ||||||||
| Other noncurrent assets | 9 | ||||||||
| Other undisclosed noncurrent assets | 1,113 | 486 | 349 | (1,049) | 323 | 323 | |||
| Total noncurrent assets: | 1,113 | 1,464 | 1,404 | 216 | 413 | 332 | |||
| Other undisclosed assets | 1,479 | ||||||||
| TOTAL ASSETS: | 1,115 | 1,525 | 1,524 | 1,954 | 439 | 354 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 859 | 886 | 761 | 331 | 192 | 41 | |||
| Accounts payable | 206 | 411 | 541 | 270 | 51 | 34 | |||
| Accrued liabilities | 618 | 427 | 207 | 60 | 76 | 3 | |||
| Employee-related liabilities | 66 | ||||||||
| Interest and dividends payable | 35 | 49 | 14 | 4 | |||||
| Debt | 540 | 116 | 963 | ||||||
| Derivative instruments and hedges, liabilities | 120 | ||||||||
| Due to related parties | 73 | 984 | 1,410 | 1,197 | 162 | 888 | |||
| Other undisclosed current liabilities | 5 | 570 | 775 | 1,557 | 966 | 286 | |||
| Total current liabilities: | 1,478 | 2,556 | 3,909 | 3,086 | 1,439 | 1,215 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 10 | ||||||||
| Other liabilities | 10 | ||||||||
| Other undisclosed noncurrent liabilities | 121 | 116 | 116 | ||||||
| Total noncurrent liabilities: | 131 | 116 | 116 | ||||||
| Total liabilities: | 1,478 | 2,686 | 4,025 | 3,202 | 1,439 | 1,215 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | (363) | (1,161) | (2,501) | (1,248) | (1,000) | (861) | |||
| Preferred stock | 2,423 | ||||||||
| Common stock | 7 | 4 | 3 | 96 | 65 | 49 | |||
| Additional paid in capital | 13,540 | 8,384 | 4,311 | 2,804 | 857 | 424 | |||
| 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: | 1,115 | 1,525 | 1,524 | 1,954 | 439 | 354 | |||
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 | 33 | 124 | ||||||
| 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 | 286 | 438 | 71 | 19 | ||||
| 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 | 7 | 11 | ||||||
| Other undisclosed net income (loss) attributable to parent | 2,546 | 3,151 | 74 | (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) | 7 | 11 | ||||
| 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 | 7 | 11 | ||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 2,331 | 3,171 | 44 | (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.