Pershing Gold Corporation (PGLC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1658 COLE BOULEVARD LAKEWOOD, CO 80401 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 104 - Gold And Silver Ores (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 12,858,873 | 11,722,102 | 3,237,384 | 15,147,837 | 7,743,107 | 3,218,191 | |||
| Cash and cash equivalents | 12,858,873 | 11,722,102 | 3,237,384 | 15,147,837 | 7,743,107 | 3,218,191 | |||
| Restricted cash and investments | 2,250,000 | 2,250,000 | 2,250,000 | 2,250,000 | |||||
| Receivables | 17,276 | 77,364 | |||||||
| Prepaid expense | 1,006,779 | 1,139,760 | 899,228 | 798,633 | 582,278 | ✕ | |||
| Deposits current assets | 27,884 | ||||||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 502,837 | ||
| Other undisclosed current assets | 70,145 | ||||||||
| Total current assets: | 13,893,536 | 15,111,862 | 6,456,757 | 18,196,470 | 10,592,661 | 3,798,392 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 3,303,366 | 4,310,980 | 5,321,895 | 6,398,221 | 6,450,640 | 7,386,776 | |||
| Deposits noncurrent assets | 3,884 | 3,884 | 3,884 | 3,884 | |||||
| Restricted cash and investments | 3,690,000 | ||||||||
| Other noncurrent assets | 9,689 | ✕ | |||||||
| Other undisclosed noncurrent assets | 22,853,912 | 22,811,912 | 22,811,912 | 16,811,912 | 16,811,912 | 21,432,445 | |||
| Total noncurrent assets: | 29,856,967 | 27,126,776 | 28,137,691 | 23,210,133 | 23,266,436 | 28,823,105 | |||
| TOTAL ASSETS: | 43,750,503 | 42,238,638 | 34,594,448 | 41,406,603 | 33,859,097 | 32,621,497 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,651,461 | 2,150,195 | 538,161 | 714,291 | 624,753 | 778,314 | |||
| Other undisclosed accounts payable and accrued liabilities | 1,651,461 | 2,150,195 | 538,161 | 714,291 | 624,753 | 778,314 | |||
| Debt | 17,319 | 24,423 | 23,036 | (23,036) | |||||
| Deferred rent credit | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Deferred revenue and credits | ✕ | 4,513 | 6,738 | 5,217 | |||||
| Due to related parties | 17,319 | ||||||||
| Customer advances and deposits | ✕ | 1,750 | ✕ | ✕ | |||||
| Other undisclosed current liabilities | (17,319) | 532,322 | |||||||
| Total current liabilities: | 1,657,724 | 2,156,933 | 560,697 | 738,714 | 647,789 | 1,287,600 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 17,319 | 36,474 | 59,510 | ||||||
| Long-term debt, excluding current maturities | 17,319 | 36,474 | 59,510 | ||||||
| Liabilities, other than long-term debt | 963,303 | 901,347 | 794,310 | 798,605 | |||||
| Customer advances or deposits | ✕ | 1,750 | |||||||
| Deferred revenue and credits | ✕ | 4,512 | 10,771 | ||||||
| Deferred rent credit | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Asset retirement obligations | 963,303 | 895,085 | 783,539 | 798,605 | |||||
| Total noncurrent liabilities: | 963,303 | 901,347 | 794,310 | 815,924 | 36,474 | 59,510 | |||
| Total liabilities: | 2,621,027 | 3,058,280 | 1,355,007 | 1,554,638 | 684,263 | 1,347,110 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 41,129,476 | 39,180,358 | 33,239,441 | 39,851,965 | 33,174,834 | 31,274,387 | |||
| Common stock | 3,354 | 2,839 | 2,173 | 35,541 | 27,592 | 26,659 | |||
| Treasury stock, value | (44,455) | ||||||||
| Additional paid in capital | 211,817,072 | 195,705,344 | 170,529,953 | 157,985,176 | 133,201,209 | 113,052,194 | |||
| Accumulated deficit | (170,690,951) | (156,527,826) | (137,292,686) | (118,168,753) | (14,901,794) | ||||
| Other undisclosed equity, attributable to parent | 1 | 1 | 1 | 1 | (100,009,512) | (66,902,672) | |||
| Total equity: | 41,129,476 | 39,180,358 | 33,239,441 | 39,851,965 | 33,174,834 | 31,274,387 | |||
| TOTAL LIABILITIES AND EQUITY: | 43,750,503 | 42,238,638 | 34,594,448 | 41,406,603 | 33,859,097 | 32,621,497 | |||
Income Statement (P&L) (USD)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,673 | 2,801 | 730 | 27 | 930,000 | |||
| Net investment income | 2,801 | 730 | 27 | |||||
| Financial services revenue | ✕ | 930,000 | ||||||
| Other income | 9,673 | ✕ | ✕ | ✕ | ||||
| Cost of revenue | (8,436,318) | (11,541,003) | (14,432,257) | (12,097,217) | (11,860,536) | (27,274,949) | ||
| Cost of goods and services sold | (1,219,608) | (4,792,786) | (8,618,648) | (5,894,920) | (3,204,629) | (5,221,001) | ||
| Gross profit: | (8,426,645) | (11,538,202) | (14,431,527) | (12,097,190) | (11,860,536) | (26,344,949) | ||
| Operating expenses | (4,287,909) | (4,091,967) | (4,689,033) | (4,361,956) | (3,830,117) | (4,179,381) | ||
| Other undisclosed operating loss | (9,673) | (2,801) | (730) | (27) | (930,000) | |||
| Operating loss: | (12,724,227) | (15,632,970) | (19,121,290) | (16,459,173) | (15,690,653) | (31,454,330) | ||
| Nonoperating income (expense) | (370,274) | (2,605) | (2,643) | (4,037) | 1,587,265 | (17,598,419) | ||
| Other nonoperating expense | (50,298) | |||||||
| Interest and debt expense | (488) | (4,064) | 6,639,022 | |||||
| Loss from continuing operations before equity method investments, income taxes: | (13,094,501) | (15,636,063) | (19,123,933) | (16,467,274) | (14,103,388) | (42,413,727) | ||
| Loss from equity method investments | (83,333) | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 488 | 4,064 | (6,555,689) | |||||
| Loss from continuing operations: | (13,094,501) | (15,635,575) | (19,123,933) | (16,463,210) | (14,103,388) | (49,052,749) | ||
| Loss before gain (loss) on sale of properties: | (13,094,501) | (15,635,575) | (19,123,933) | (16,463,210) | (14,103,388) | (49,103,047) | ||
| Loss from discontinued operations | (50,298) | |||||||
| Net loss: | (13,094,501) | (15,635,575) | (19,123,933) | (16,463,210) | (14,103,388) | (49,103,047) | ||
| Net loss attributable to noncontrolling interest | (1,164) | |||||||
| Net loss attributable to parent: | (13,094,501) | (15,635,575) | (19,123,933) | (16,463,210) | (14,103,388) | (49,104,211) | ||
| Preferred stock dividends and other adjustments | (1,068,624) | (3,599,565) | (1,696,030) | (4,101,659) | (2,723,927) | |||
| Net loss available to common stockholders, diluted: | (14,163,125) | (19,235,140) | (19,123,933) | (18,159,240) | (18,205,047) | (51,828,138) | ||
Comprehensive Income (USD)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (13,094,501) | (15,635,575) | (19,123,933) | (16,463,210) | (14,103,388) | (49,103,047) | ||
| Comprehensive loss: | (13,094,501) | (15,635,575) | (19,123,933) | (16,463,210) | (14,103,388) | (49,103,047) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 1,164 | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (13,094,501) | (15,635,575) | (19,123,933) | (16,463,210) | (14,103,388) | (49,101,883) | ||
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.