Rare Element Resources LTD (REEMF) financial statements (2022 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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22,2472,7065,6642,5234,3609273,881
Cash and cash equivalents22,2472,7065,6642,5234,3609273,881
Restricted cash and investments2,700      
Receivables106     10
Prepaid expense 4740374181162
Other undisclosed current assets75      
Total current assets:25,1282,7535,7042,5604,4011,0084,053
Noncurrent Assets
Operating lease, right-of-use asset372  
Property, plant and equipment1651566188106227
Other undisclosed noncurrent assets6006006006006006001,007
Total noncurrent assets:9886516566616887061,234
TOTAL ASSETS:26,1163,4046,3603,2215,0891,7145,287
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4071154703865265909
Other undisclosed accounts payable and accrued liabilities4071154703865265909
Asset retirement obligation     152152
Due to related parties712      
Other undisclosed current liabilities124      
Total current liabilities:1,243115470386522171,061
Noncurrent Liabilities
Long-term debt and lease obligation253      
Operating lease, liability253  
Liabilities, other than long-term debt132132132132132205205
Asset retirement obligations132132132132132205205
Other undisclosed noncurrent liabilities1,0479336001,6372,179600 
Total noncurrent liabilities:1,4321,0657321,7692,311805205
Total liabilities:2,6751,1801,2022,1552,3631,0221,266
Stockholders' equity
Stockholders' equity attributable to parent23,4412,2245,1581,0662,7266924,021
Common stock136,906111,823112,208106,494106,494103,640103,640
Additional paid in capital25,75324,21723,83123,76323,65923,62623,529
Accumulated deficit(139,218)(133,816)(130,881)(129,191)(127,427)(126,574)(123,148)
Total stockholders' equity:23,4412,2245,1581,0662,7266924,021
TOTAL LIABILITIES AND EQUITY:26,1163,4046,3603,2215,0891,7145,287

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues     19 
Other income   (16)(16)19 
Cost of revenue
(Cost of Goods and Services Sold)
    (138)(394)(5,070)
Gross profit:    (138)(375)(5,070)
Operating expenses(5,263)(3,175)(2,130)(2,348)(1,114)(3,445)(9,230)
Operating loss:(5,243)(3,175)(2,130)(2,364)(1,252)(3,820)(14,300)
Nonoperating income (expense)(139)(53)69758426119(448)
Foreign currency transaction loss, before tax      (476)
Interest and debt expense(25)      
Net loss:(5,407)(3,228)(1,433)(1,780)(991)(3,801)(14,748)
Other undisclosed net income attributable to parent5  161,8447,2275,070
Net income (loss) available to common stockholders, diluted:(5,402)(3,228)(1,433)(1,764)8533,426(9,678)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(5,407)(3,228)(1,433)(1,780)(991)(3,801)(14,748)
Comprehensive loss, net of tax, attributable to parent:(5,407)(3,228)(1,433)(1,780)(991)(3,801)(14,748)

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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