Magellan Gold Corp (MAGE) financial statements (2021 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)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 550010
Cash and cash equivalents 550010
Receivables   27   
Prepaid expense     1 
Other undisclosed current assets 561152312621 
Total current assets: 6112025826220
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     99
Other undisclosed noncurrent assets 486349(1,049)323323323
Total noncurrent assets: 1,4641,404216413332332
Other undisclosed assets   1,479   
TOTAL ASSETS: 1,5251,5241,954439354332
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 8867613311924120
Accounts payable 411541270513420
Accrued liabilities 42720760763 
Employee-related liabilities    66  
Interest and dividends payable 4914  41
Debt 116963   3
Derivative instruments and hedges, liabilities    120  
Due to related parties 9841,4101,197162888 
Other undisclosed current liabilities 5707751,557966286935
Total current liabilities: 2,5563,9093,0861,4391,215958
Noncurrent Liabilities
Liabilities, other than long-term debt 10     
Other liabilities 10     
Other undisclosed noncurrent liabilities 121116116   
Total noncurrent liabilities: 131116116   
Total liabilities: 2,6864,0253,2021,4391,215958
Stockholders' equity
Stockholders' equity attributable to parent, including: (1,161)(2,501)(1,248)(1,000)(861)(626)
Preferred stock 2,423     
Common stock 4396654949
Additional paid in capital 8,3844,3112,804857424420
Accumulated other comprehensive loss (69)(109)(88)   
Accumulated deficit (11,903)(6,707)(4,060)(1,922)(1,369)(1,095)
Other undisclosed stockholders' equity attributable to parent     35 
Stockholders' equity attributable to noncontrolling interest     35 
Other undisclosed stockholders' equity     (35) 
Total stockholders' equity: (1,161)(2,501)(1,248)(1,000)(861)(626)
TOTAL LIABILITIES AND EQUITY: 1,5251,5241,954439354332

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
12/31/2014
Revenues 33124    
Cost of revenue (286)(438) (71)(19)(135)
Cost of goods and services sold (286)  (71)(19)(135)
Amortization of mortgage servicing rights (msrs)  (119)    
Gross profit: (254)(314) (71)(19)(135)
Operating expenses (1,501)(1,787)(1,384)(424)(193)(227)
Other undisclosed operating income 286438 7119135
Operating loss: (1,469)(1,663)(1,384)(424)(193)(227)
Nonoperating expense (3,667)(652) (74)  
Investment income, nonoperating    (74)  
Interest and debt expense (3,151)(74)(96)(62)(92)(69)
Loss before gain (loss) on sale of properties: (8,287)(2,388)(1,480)(560)(285)(296)
Other undisclosed net loss   (658)   
Net loss: (8,287)(2,388)(2,138)(560)(285)(296)
Net income attributable to noncontrolling interest    711 
Other undisclosed net income (loss) attributable to parent 3,15174 (7)(11) 
Net loss attributable to parent: (5,136)(2,314)(2,138)(560)(285)(296)
Preferred stock dividends and other adjustments (60)     
Other undisclosed net income (loss) available to common stockholders, basic  (324) 711 
Net loss available to common stockholders, diluted: (5,196)(2,638)(2,138)(553)(274)(296)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss: (8,287)(2,388)(2,138)(560)(285)(296)
Comprehensive loss: (8,287)(2,388)(2,138)(560)(285)(296)
Comprehensive income, net of tax, attributable to noncontrolling interest    711 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 3,17144(88)   
Comprehensive loss, net of tax, attributable to parent: (5,116)(2,344)(2,226)(553)(274)(296)

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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