US China Mining Group Inc (SGZI) financial statements (2022 and earlier)

Company profile

Business Address 15310 AMBERLY DRIVE, SUITE 250
TAMPA, FL 33647
State of Incorp. NV
Fiscal Year End December 31
SIC 122 - Bituminous Coal And Lignite Mining (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 investments27,25640,290
Cash and cash equivalents27,25640,290
Receivables283 
Inventory, net of allowances, customer advances and progress billings266515
Inventory266515
Deferred costs2,459 
Deposits current assets1,7712,086
Prepaid expense and other current assets243
Income taxes receivable539621
Other undisclosed current assets2,68210
Total current assets:35,25543,765
Noncurrent Assets
Property, plant and equipment18,43113,422
Deposits noncurrent assets4,9214,773
Other undisclosed noncurrent assets37,90035,804
Total noncurrent assets:61,25153,999
TOTAL ASSETS:96,50697,764
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,8466,948
Accounts payable200 
Accrued liabilities8333,172
Employee-related liabilities161156
Taxes payable5,6533,620
Debt4,428 
Derivative instruments and hedges, liabilities103750
Deferred revenue and credits4082
Other undisclosed current liabilities(161)(154)
Total current liabilities:11,2577,627
Noncurrent Liabilities
Liabilities, other than long-term debt5,2584,860
Asset retirement obligations5,2584,860
Total noncurrent liabilities:5,2584,860
Total liabilities:16,51512,487
Stockholders' equity
Stockholders' equity attributable to parent79,99185,277
Preferred stock00
Common stock1919
Additional paid in capital41,21041,200
Accumulated other comprehensive income12,2169,773
Retained earnings26,54534,285
Total stockholders' equity:79,99185,277
TOTAL LIABILITIES AND EQUITY:96,50697,764

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

12/31/2013
12/31/2012
Revenues3,02430,907
Cost of revenue(2,591)(23,279)
Gross profit:4327,628
Operating expenses(8,600)(39,349)
Operating loss:(8,167)(31,721)
Nonoperating income363987
Investment income, nonoperating136162
Interest and debt expense(404)(268)
Loss from continuing operations before equity method investments, income taxes:(8,208)(31,003)
Other undisclosed income from continuing operations before income taxes404268
Loss from continuing operations before income taxes:(7,804)(30,735)
Income tax expense (benefit)64(503)
Net loss available to common stockholders, diluted:(7,741)(31,238)

Comprehensive Income ($ in thousands)

12/31/2013
12/31/2012
Net loss:(7,741)(31,238)
Comprehensive loss:(7,741)(31,238)
Other undisclosed comprehensive income, net of tax, attributable to parent2,444196
Comprehensive loss, net of tax, attributable to parent:(5,297)(31,042)

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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