Magellan Gold Corp (MAGE) financial statements (2021 and earlier)

Company profile

Business Address 500 MARQUETTE AVENUE NW
ALBUQUERQUE, NM 87102
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 500102
Cash and cash equivalents 500102
Receivables  27    
Prepaid expense    1  
Other undisclosed current assets 1152312621  
Total current assets: 120258262202
Noncurrent Assets
Property, plant and equipment 1,0541,156    
Long-term investments and receivables  11060   
Long-term investments  11060   
Prepaid expense   30   
Other noncurrent assets    9930
Other undisclosed noncurrent assets 349(1,049)323323323143
Total noncurrent assets: 1,404216413332332173
Other undisclosed assets  1,479    
TOTAL ASSETS: 1,5241,954439354332175
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 761331192412066
Accounts payable 54127051342066
Accrued liabilities 20760763  
Employee-related liabilities   66   
Interest and dividends payable 14  41 
Debt 963   3 
Derivative instruments and hedges, liabilities   120   
Due to related parties 1,4101,197162888 21
Other undisclosed current liabilities 7751,557966286935420
Total current liabilities: 3,9093,0861,4391,215958506
Noncurrent Liabilities
Other undisclosed noncurrent liabilities 116116    
Total noncurrent liabilities: 116116    
Total liabilities: 4,0253,2021,4391,215958506
Stockholders' equity
Stockholders' equity attributable to parent, including: (2,501)(1,248)(1,000)(861)(626)(331)
Common stock 39665494949
Additional paid in capital 4,3112,804857424420420
Accumulated other comprehensive loss (109)(88)    
Accumulated deficit (6,707)(4,060)(1,922)(1,369)(1,095)(799)
Other undisclosed stockholders' equity attributable to parent    35  
Stockholders' equity attributable to noncontrolling interest    35  
Other undisclosed stockholders' equity    (35)  
Total stockholders' equity: (2,501)(1,248)(1,000)(861)(626)(331)
TOTAL LIABILITIES AND EQUITY: 1,5241,954439354332175

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 124     
Cost of revenue (438) (71)(19)(135)(98)
Cost of goods and services sold   (71)(19)(135)(98)
Amortization of mortgage servicing rights (msrs) (119)     
Gross profit: (314) (71)(19)(135)(98)
Operating expenses (1,787)(1,384)(424)(193)(227)(196)
Other undisclosed operating income 438 711913598
Operating loss: (1,663)(1,384)(424)(193)(227)(196)
Nonoperating expense (652) (74)   
Investment income, nonoperating   (74)   
Interest and debt expense (74)(96)(62)(92)(69)(17)
Loss before gain (loss) on sale of properties: (2,388)(1,480)(560)(285)(296)(213)
Other undisclosed net loss  (658)    
Net loss: (2,388)(2,138)(560)(285)(296)(213)
Net income attributable to noncontrolling interest   711  
Other undisclosed net income (loss) attributable to parent 74 (7)(11)  
Net loss attributable to parent: (2,314)(2,138)(560)(285)(296)(213)
Other undisclosed net income (loss) available to common stockholders, basic (324) 711  
Net loss available to common stockholders, diluted: (2,638)(2,138)(553)(274)(296)(213)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss: (2,388)(2,138)(560)(285)(296)(213)
Comprehensive loss: (2,388)(2,138)(560)(285)(296)(213)
Comprehensive income, net of tax, attributable to noncontrolling interest   711  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 44(88)    
Comprehensive loss, net of tax, attributable to parent: (2,344)(2,226)(553)(274)(296)(213)

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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