Mining Power Group, Inc. (MPGR) financial statements (2021 and earlier)

Company profile

Business Address 20200 DIXIE HIGHWAY, SUITE 906
MIAMI, FL 33180
State of Incorp. CO
Fiscal Year End December 31
SIC 21 - Tobacco Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments183 4
Cash and cash equivalents183 4
Receivables  0
Inventory, net of allowances, customer advances and progress billings  13
Inventory  13
Prepaid expense 517
Disposal group, including discontinued operation 0 
Total current assets:183534
Noncurrent Assets
Property, plant and equipment1,408 1
Intangible assets, net (including goodwill)697
Intangible assets, net (excluding goodwill)697
Other undisclosed noncurrent assets (9) 
Total noncurrent assets:1,415 8
TOTAL ASSETS:1,598542
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1001213
Accounts payable59  
Accrued liabilities5  
Employee-related liabilities8  
Interest and dividends payable2912 
Other undisclosed accounts payable and accrued liabilities  13
Debt1,37530 
Derivative instruments and hedges, liabilities2,2964,455 
Other undisclosed current liabilities661  
Total current liabilities:4,4324,49713
Noncurrent Liabilities
Long-term debt and lease obligation36  
Long-term debt, excluding current maturities36  
Total noncurrent liabilities:36  
Total liabilities:4,4684,49713
Temporary equity, carrying amount120125 
Stockholders' equity
Stockholders' equity attributable to parent(2,768)(4,617)29
Common stock60582
Additional paid in capital1,132606 
Accumulated deficit(3,906)(5,223)(553)
Stockholders' equity attributable to noncontrolling interest(305)  
Total stockholders' equity:(3,073)(4,617)29
Other undisclosed liabilities and equity83  
TOTAL LIABILITIES AND EQUITY:1,598542

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

12/31/2018
12/31/2017
12/31/2016
Revenues1,07555
Revenue, net55
Cost of revenue(732)(25)(2)
Cost of goods and services sold (25)(3)
Gross profit:344(20)3
Operating expenses(1,265) (247)
Operating loss:(922)(20)(244)
Nonoperating income (expense)1,934(4,315) 
Interest and debt expense137(15) 
Income (loss) from continuing operations:1,149(4,350)(244)
Loss from discontinued operations (355) 
Income (loss) before gain (loss) on sale of properties:1,149(4,705)(244)
Other undisclosed net loss(137)  
Net income (loss):1,012(4,705)(244)
Net income attributable to noncontrolling interest305  
Other undisclosed net income attributable to parent 35 
Net income (loss) available to common stockholders, diluted:1,317(4,670)(244)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
Net income (loss):1,012(4,705)(244)
Comprehensive income (loss):1,012(4,705)(244)
Comprehensive income, net of tax, attributable to noncontrolling interest305  
Comprehensive income (loss), net of tax, attributable to parent:1,317(4,705)(244)

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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