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)

12/31/2020
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 investments36341410
Cash and cash equivalents36341410
Receivables     00
Prepaid expense0000000
Other undisclosed current assets      0
Total current assets:36341410
Noncurrent Assets
Property, plant and equipment0000000
Other undisclosed noncurrent assets1111111
Total noncurrent assets:1111111
TOTAL ASSETS:36352512
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:0000011
Other undisclosed accounts payable and accrued liabilities0000011
Asset retirement obligation    000
Total current liabilities:0000011
Noncurrent Liabilities
Liabilities, other than long-term debt0000000
Asset retirement obligations0000000
Other undisclosed noncurrent liabilities11221  
Total noncurrent liabilities:1122100
Total liabilities:1122111
Stockholders' equity
Stockholders' equity attributable to parent25131410
Common stock112112106106104104101
Additional paid in capital24242424242423
Accumulated deficit(134)(131)(129)(127)(127)(123)(113)
Total stockholders' equity:25131410
TOTAL LIABILITIES AND EQUITY:36352512

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues    0  
Other income  (0)(0)0 
Cost of revenue
(Cost of Goods and Services Sold)
   (0)(0)(5)(9)
Gross profit:   (0)(0)(5)(9)
Operating expenses(3)(2)(2)(1)(3)(9)(14)
Operating loss:(3)(2)(2)(1)(4)(14)(22)
Nonoperating income (expense)(0)1100(0)(0)
Foreign currency transaction loss, before tax     (0)(1)
Net loss:(3)(1)(2)(1)(4)(15)(23)
Other undisclosed net income attributable to parent  02759
Net income (loss) available to common stockholders, diluted:(3)(1)(2)13(10)(14)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(3)(1)(2)(1)(4)(15)(23)
Comprehensive loss:(3)(1)(2)(1)(4)(15)(23)
Other undisclosed comprehensive income, net of tax, attributable to parent      9
Comprehensive loss, net of tax, attributable to parent:(3)(1)(2)(1)(4)(15)(14)

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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