Red Metal Resources LTD (RMESF) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
278 BAY STREET THUNDER BAY, ON P7B 1R8 |
| State of Incorp. | BC |
| Fiscal Year End | January 31 |
| Industry (SIC) | 10 - Metal Mining (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | 1/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 10 | 9 | 2 | 8 | 2 | 4 | |||
| Cash and cash equivalents | 10 | 9 | 2 | 8 | 2 | 4 | |||
| Other undisclosed current assets | 6 | 2 | 7 | 7 | 5 | 1 | |||
| Total current assets: | 16 | 11 | 9 | 15 | 7 | 5 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1 | 1 | 2 | 3 | 3 | 5 | |||
| Other undisclosed noncurrent assets | 653 | 731 | 695 | 586 | 461 | 641 | |||
| Total noncurrent assets: | 654 | 732 | 697 | 588 | 464 | 645 | |||
| TOTAL ASSETS: | 670 | 742 | 706 | 603 | 470 | 651 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 408 | 350 | 567 | 552 | 490 | 504 | |||
| Accounts payable | 239 | 217 | 388 | 389 | 359 | 340 | |||
| Accrued liabilities | 169 | 133 | 179 | 163 | 132 | 164 | |||
| Debt | 41 | 17 | |||||||
| Due to related parties | 7 | 2 | 1,197 | 1,073 | 939 | 892 | |||
| Other undisclosed current liabilities | 24 | 27 | 1,253 | 933 | 687 | 490 | |||
| Total current liabilities: | 440 | 379 | 3,017 | 2,598 | 2,133 | 1,887 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 716 | 614 | |||||||
| Due to related parties | 716 | 614 | |||||||
| Other undisclosed noncurrent liabilities | |||||||||
| Total noncurrent liabilities: | 716 | 614 | |||||||
| Total liabilities: | 1,156 | 993 | 3,017 | 2,598 | 2,133 | 1,887 | |||
| Equity | |||||||||
| Equity, attributable to parent | (486) | (250) | (2,311) | (1,995) | (1,663) | (1,236) | |||
| Common stock | 41 | 38 | 35 | 35 | 34 | 33 | |||
| Additional paid in capital | 9,132 | 8,969 | 6,804 | 6,779 | 6,755 | 6,730 | |||
| Accumulated other comprehensive income (loss) | (74) | 7 | (20) | 26 | 74 | 14 | |||
| Accumulated deficit | (9,585) | (9,263) | (9,129) | (8,835) | (8,526) | (8,014) | |||
| Total equity: | (486) | (250) | (2,311) | (1,995) | (1,663) | (1,236) | |||
| TOTAL LIABILITIES AND EQUITY: | 670 | 742 | 706 | 603 | 470 | 651 | |||
Income Statement (P&L) ($ in thousands)
| 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | 1/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 30 | 53 | ||||||
| Revenue, net | ✕ | ✕ | ✕ | 30 | 26 | |||
| Other income | 26 | ✕ | ||||||
| Cost of revenue | (15) | (2) | (4) | (18) | (17) | |||
| Cost of goods and services sold | (15) | (2) | (4) | (18) | (11) | |||
| Financial services costs | ✕ | ✕ | ✕ | (5) | ||||
| Gross profit: | (15) | (2) | 26 | 35 | (17) | |||
| Operating expenses | (261) | (221) | (231) | (292) | 539 | (574) | ||
| Operating income (loss): | (261) | (237) | (233) | (266) | 574 | (591) | ||
| Nonoperating income (expense) | 0 | 4 | (2) | 13 | 2 | 3 | ||
| Investment income, nonoperating | 13 | |||||||
| Gain (loss), foreign currency transaction, before tax | 0 | 4 | (2) | 0 | 2 | 3 | ||
| Interest and debt expense | 61 | 1,900 | (103) | (100) | (82) | (69) | ||
| Income (loss) from continuing operations before income taxes: | (200) | 1,668 | (338) | (352) | 493 | (657) | ||
| Income tax expense (benefit) | (4) | (18) | (330) | 116 | 236 | 0 | ||
| Income (loss) from continuing operations: | (204) | 1,650 | (668) | (236) | 729 | (657) | ||
| Income (loss) before gain (loss) on sale of properties: | (204) | 1,650 | (668) | (236) | 729 | (657) | ||
| Extraordinary item, gain | ✕ | ✕ | ✕ | ✕ | ✕ | 28 | ||
| Other undisclosed net income (loss) | (118) | (1,784) | 374 | (73) | (1,241) | 97 | ||
| Net income (loss): | (322) | (134) | (294) | (309) | (512) | (533) | ||
| Other undisclosed net loss attributable to parent | ||||||||
| Net loss available to common stockholders, diluted: | (322) | (134) | (294) | (309) | (512) | (533) | ||
Comprehensive Income ($ in thousands)
| 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | 1/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (322) | (134) | (294) | (309) | (512) | (533) | ||
| Other comprehensive income (loss) | (107) | (340) | (357) | (452) | (571) | |||
| Comprehensive income (loss): | (322) | (241) | (634) | (667) | (964) | (1,103) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (81) | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (403) | (241) | (634) | (667) | (964) | (1,103) | ||
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.