Mineralrite Corp (RITE) financial statements (2021 and earlier)

Company profile

Business Address 7044 PORTAL WAY
FERNDALE, WA 98248
State of Incorp. NV
Fiscal Year End December 31
SIC 3532 - Mining Machinery and Equipment, Except Oil and Gas Field Machinery and Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments529
Cash and cash equivalents529
Receivables5 
Inventory, net of allowances, customer advances and progress billings74
Inventory74 
Prepaid expense967
Deferred costs 19
Other undisclosed current assets0155
Total current assets:1,099183
Noncurrent Assets
Property, plant and equipment1024
Oil and gas property, full cost method 533
Long-term investments and receivables0 
Long-term investments0 
Prepaid expense1,017
Prepaid expense and other noncurrent assets262
Other undisclosed noncurrent assets15(204)
Total noncurrent assets:1,134595
TOTAL ASSETS:2,232778
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities232 
Accounts payable232 
Debt543 
Derivative instruments and hedges, liabilities245 
Due to related parties187373
Other undisclosed current liabilities123235
Total current liabilities:1,329608
Noncurrent Liabilities
Long-term debt and lease obligation30 
Long-term debt, excluding current maturities30 
Liabilities, other than long-term debt113 
Derivative instruments and hedges, liabilities113 
Other undisclosed noncurrent liabilities 12
Total noncurrent liabilities:14312
Total liabilities:1,472620
Stockholders' equity
Stockholders' equity attributable to parent760158
Common stock8945
Additional paid in capital10,4676,396
Accumulated other comprehensive loss(9,796)(16)
Accumulated deficit(0)(6,266)
Total stockholders' equity:760158
TOTAL LIABILITIES AND EQUITY:2,232778

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

12/31/2013
12/31/2012
Revenues
(Revenue, Net)
397358
Cost of revenue(358) 
Cost of goods and services sold(338) 
Gross profit:39358
Operating expenses(1,592)755
Other undisclosed operating loss (1,511)
Operating loss:(1,553)(397)
Nonoperating expense
(Other Nonoperating expense)
(1,096) 
Interest and debt expense(293)(54)
Loss before gain (loss) on sale of properties:(2,942)(452)
Other undisclosed net loss(587) 
Net loss:(3,530)(452)
Other undisclosed net loss attributable to parent (2)
Net loss available to common stockholders, diluted:(3,530)(454)

Comprehensive Income ($ in thousands)

12/31/2013
12/31/2012
Net loss:(3,530)(452)
Other comprehensive loss(3,530)(442)
Comprehensive loss:(7,060)(893)
Other undisclosed comprehensive income, net of tax, attributable to parent7,059 
Comprehensive loss, net of tax, attributable to parent:(1)(893)

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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