Searchlight Minerals Corp (SRCH) financial statements (2022 and earlier)

Company profile

Business Address #120 - 2441 WEST HORIZON RIDGE PARKWAY
HENDERSON, NV 89052
State of Incorp. NV
Fiscal Year End December 31
SIC 10 - Metal Mining (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4545852,0663,932
Cash and cash equivalents4545852,0663,932
Prepaid expense8775138
Deferred costs73   
Disposal group, including discontinued operation 228  
Prepaid expense and other current assets130
Total current assets:6148882,2034,061
Noncurrent Assets
Property, plant and equipment6,3027,7189,45510,716
Deposits noncurrent assets15151411
Disposal group, including discontinued operation, noncurrent assets 228
Deferred costs 97120 
Other undisclosed noncurrent assets129,714129,442147,923147,831
Total noncurrent assets:136,030137,499157,513158,559
TOTAL ASSETS:136,644138,387159,717162,620
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,151898196315
Accounts payable59072870253
Employee-related liabilities435884562
Other undisclosed accounts payable and accrued liabilities1268280 
Debt3,3251,2001,200 
Derivative instruments and hedges, liabilities591 82275
Due to related parties1,006337  
Other undisclosed current liabilities53(1,200)(863)283
Total current liabilities:6,1261,235614872
Noncurrent Liabilities
Long-term debt and lease obligation 3,0872,799 
Long-term debt, excluding current maturities 3,0872,799 
Liabilities, other than long-term debt48,26629,14938,07939,649
Deferred tax liabilities, net48,22527,54737,32339,649
Due to related parties41383  
Derivative instruments and hedges, liabilities 1,219756 
Other undisclosed noncurrent liabilities  7141,004
Total noncurrent liabilities:48,26632,23641,59140,653
Total liabilities:54,39233,47142,20541,525
Stockholders' equity
Stockholders' equity attributable to parent, including:82,252104,916117,512121,095
Common stock154144136136
Additional paid in capital164,591160,178154,268153,976
Accumulated deficit(82,493)(55,406)  
Other undisclosed stockholders' equity attributable to parent  (36,892)(33,017)
Total stockholders' equity:82,252104,916117,512121,095
TOTAL LIABILITIES AND EQUITY:136,644138,387159,717162,620

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
222 
Gross profit:222 
Operating expenses(6,442)(27,389)(6,778)(7,272)
Other undisclosed operating loss(2)(2)(2) 
Operating loss:(6,442)(27,389)(6,778)(7,272)
Nonoperating income (expense)33(900)577(236)
Investment income, nonoperating597(354)727(236)
Other nonoperating expense(11)(19)  
Interest and debt expense(554)(528)(150) 
Other undisclosed income from continuing operations before equity method investments, income taxes554528150 
Loss from continuing operations before income taxes:(6,409)(28,289)(6,201)(7,509)
Income tax expense (benefit)(20,677)9,7762,3262,107
Net loss available to common stockholders, diluted:(27,087)(18,514)(3,875)(5,401)

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(27,087)(18,514)(3,875)(5,401)
Other comprehensive loss  (3,875)(5,401)
Comprehensive loss, net of tax, attributable to parent:(27,087)(18,514)(7,750)(10,802)

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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