Rare Element Resources LTD (REEMF) financial statements (2021 and earlier)

Company profile

Business Address P.O. BOX 271049
LITTLETON, CO 80127
State of Incorp. BC
Fiscal Year End December 31
SIC 104 - Gold And Silver Ores (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
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 investments634141024
Cash and cash equivalents634141024
Receivables    000
Prepaid expense0000000
Other undisclosed current assets     00
Total current assets:634141024
Noncurrent Assets
Property, plant and equipment0000001
Other undisclosed noncurrent assets1111111
Total noncurrent assets:1111112
TOTAL ASSETS:635251226
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:0000112
Other undisclosed accounts payable and accrued liabilities0000112
Asset retirement obligation   0000
Total current liabilities:0000112
Noncurrent Liabilities
Liabilities, other than long-term debt0000000
Asset retirement obligations0000000
Other undisclosed noncurrent liabilities1221   
Total noncurrent liabilities:1221000
Total liabilities:1221112
Stockholders' equity
Stockholders' equity attributable to parent513141024
Common stock112106106104104101101
Additional paid in capital24242424242323
Accumulated deficit(131)(129)(127)(127)(123)(113)(99)
Total stockholders' equity:513141024
TOTAL LIABILITIES AND EQUITY:635251226

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues   0   
Other income (0)(0)0 
Cost of revenue
(Cost of Goods and Services Sold)
  (0)(0)(5)(9)(14)
Gross profit:  (0)(0)(5)(9)(14)
Operating expenses(2)(2)(1)(3)(9)(14)(21)
Operating loss:(2)(2)(1)(4)(14)(22)(35)
Nonoperating income (expense)1100(0)(0)(1)
Foreign currency transaction loss, before tax    (0)(1)(2)
Net loss:(1)(2)(1)(4)(15)(23)(36)
Other undisclosed net income attributable to parent 0275914
Net income (loss) available to common stockholders, diluted:(1)(2)13(10)(14)(22)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(1)(2)(1)(4)(15)(23)(36)
Other comprehensive income      0
Comprehensive loss:(1)(2)(1)(4)(15)(23)(36)
Other undisclosed comprehensive income, net of tax, attributable to parent     914
Comprehensive loss, net of tax, attributable to parent:(1)(2)(1)(4)(15)(14)(22)

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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