DYNARESOURCE INC Files Q2 2024 10-Q
Ticker: DYNR · Form: 10-Q · Filed: Aug 19, 2024 · CIK: 1111741
Sentiment: neutral
Topics: 10-Q, quarterly-report, mining
TL;DR
DYNARESOURCE INC dropped its Q2 10-Q. Check financials.
AI Summary
DYNARESOURCE INC filed its 10-Q for the period ending June 30, 2024. The filing details financial information for the company, which operates in the Metal Mining sector. Key financial data and operational updates are presented within this quarterly report.
Why It Matters
This 10-Q filing provides investors and stakeholders with a crucial update on DYNARESOURCE INC's financial performance and operational status for the second quarter of 2024.
Risk Assessment
Risk Level: low — This filing is a standard quarterly report and does not contain immediate red flags or significant negative news.
Key Players & Entities
- DYNARESOURCE INC (company) — Filer of the 10-Q
- 20240630 (date) — End of reporting period
- METAL MINING [1000] (industry) — Company's Standard Industrial Classification
- 20240819 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240630, indicating the filing covers the period ending June 30, 2024.
What is DYNARESOURCE INC's primary industry classification?
DYNARESOURCE INC is classified under METAL MINING [1000].
When was this 10-Q filed with the SEC?
The filing date (Accession Number) is 20240819.
What is the company's business address?
The business address is 222 W. LAS COLINAS BLVD, STE 744 EAST TOWER, IRVING, TX 75039.
Does the filing mention any specific preferred stock series?
Yes, the filing references 'dynr:SeriesDSeniorConvertiblePreferredStockMember', 'us-gaap:SeriesDPreferredStockMember', 'dynr:SeriesEPreferredStocksMember', 'dynr:SeriesESeniorConvertiblePreferredStockMember', and 'us-gaap:SeriesCPreferredStockMember'.
Filing Stats: 4,298 words · 17 min read · ~14 pages · Grade level 15.4 · Accepted 2024-08-19 14:29:01
Key Financial Figures
- $5,600 — ctivity for 95,000 pesos (approximately $5,600 USD). Although the Company considers
Filing Documents
- dynr-20240630.htm (10-Q) — 1848KB
- dynr-ex31_1.htm (EX-31.1) — 14KB
- dynr-ex31_2.htm (EX-31.2) — 13KB
- dynr-ex32_1.htm (EX-32.1) — 10KB
- img244448791_0.jpg (GRAPHIC) — 79KB
- 0000950170-24-098410.txt ( ) — 7498KB
- dynr-20240630.xsd (EX-101.SCH) — 1058KB
- dynr-20240630_htm.xml (XML) — 1163KB
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS ITEM 1. Unaudited Condensed Interim Consolidated Financial Statements 3 Notes to Unaudited Condensed Interim Consolidated Financial Statements 8 ITEM 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 24 ITEM 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 28 ITEM 4.
Controls and Procedures
Controls and Procedures 28 PART II. OTHER INFORMATION ITEM 1.
Legal Proceedings
Legal Proceedings 30 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 30 ITEM 3. Defaults Upon Senior Securities 30 ITEM 4. Mine Safety Disclosures 30 ITEM 5. Other Information 30 ITEM 6. Exhibits 31 CERTIFICATIONS EXHIBIT 31.1 CHIEF EXECUTIVE OFFICER CERTIFICATION EXHIBIT 31.2 CHIEF FINANCIAL OFFICER CERTIFICATION EXHIBIT 32.1 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 2 Table of Contents DYNARESOURCE, INC. CONDENSED INTERIM CONSOLIDATE D BAL ANCE SHEETS JUNE 30, 2024 AND DECEMBER 31, 2023 2024 2023 (Unaudited) (Audited) ASSETS Current assets Cash $ 3,200,966 $ 5,603,713 Accounts receivable 602,965 880,473 Inventories 1,712,213 2,089,194 Foreign tax receivable 5,580,457 4,434,958 Other current assets 1,426,948 1,137,162 Total current assets 12,523,549 14,145,500 Property and equipment (net of accumulated depreciation and amortization of $ 26,926 and $ 12,239 ) 95,102 103,034 Right-of-use assets, net 789,393 848,822 Mining concessions 4,132,678 4,132,678 Deferred tax asset, net 4,264,115 4,264,115 Foreign tax receivable 12,620,003 11,768,613 Other assets 169,691 175,588 TOTAL ASSETS $ 34,594,531 $ 35,438,350 LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities Accounts payable $ 5,188,899 $ 2,768,634 Accrued expenses 8,618,855 7,727,621 Derivative liabilities 1,351,449 1,797,341 Note payable 10,312,500 9,750,000 Current portion of operating lease payable 116,617 104,117 Installment notes payable 2,090,959 2,259,432 Total current liabilities 27,679,279 24,407,145 Operating lease payable, less current portion 748,984 825,762 Deferred tax liability 334,236 334,236 Asset retirement obligation 207,598 198,468 TOTAL LIABILITIES 28,970,097 25,765,611 TEMPORARY EQUITY Series C Senior Conv