Thunder Mountain Gold Files 10-Q for Q2 2024
Ticker: THMG · Form: 10-Q · Filed: Aug 16, 2024 · CIK: 711034
| Field | Detail |
|---|---|
| Company | Thunder Mountain Gold Inc (THMG) |
| Form Type | 10-Q |
| Filed Date | Aug 16, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, mining
TL;DR
TMG filed its Q2 10-Q. Financials and exec roles updated.
AI Summary
Thunder Mountain Gold, Inc. filed its 10-Q for the period ending June 30, 2024. The company, incorporated in Nevada and operating in the metal mining sector, reported its financial status. Key financial data and executive roles were disclosed in this filing.
Why It Matters
This filing provides investors with an update on Thunder Mountain Gold's financial performance and position as of the second quarter of 2024.
Risk Assessment
Risk Level: low — This is a routine financial filing with no immediate red flags.
Key Numbers
- 2024-06-30 — Period End Date (Financial reporting period)
- 2023-12-31 — Previous Year End Date (For comparative financial data)
Key Players & Entities
- THUNDER MOUNTAIN GOLD INC (company) — Filer
- 20240630 (date) — Period of Report
- 20240816 (date) — Filing Date
- 1000 (other) — Standard Industrial Classification Code for Metal Mining
- NV (other) — State of Incorporation
FAQ
What is the primary business of Thunder Mountain Gold, Inc.?
Thunder Mountain Gold, Inc. operates in the Metal Mining sector, as indicated by its SIC code 1000.
In which state is Thunder Mountain Gold, Inc. incorporated?
The company is incorporated in Nevada (NV).
What is the filing date of this 10-Q report?
This 10-Q report was filed on August 16, 2024.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending June 30, 2024.
What are the reported fiscal year-end dates for the company?
The company's fiscal year ends on December 31st.
Filing Stats: 4,543 words · 18 min read · ~15 pages · Grade level 15.8 · Accepted 2024-08-16 13:41:49
Key Financial Figures
- $0.001 — nge on Which Registered Common Stock, $0.001 par value THMG THM OTCQB TSX-V (F
Filing Documents
- form10q.htm (10-Q) — 487KB
- exhibit31-1.htm (EX-31.1) — 6KB
- exhibit31-2.htm (EX-31.2) — 6KB
- exhibit32-1.htm (EX-32.1) — 2KB
- exhibit32-2.htm (EX-32.2) — 2KB
- exhibit95.htm (EX-95) — 8KB
- form10qxz001.jpg (GRAPHIC) — 3KB
- 0001062993-24-015235.txt ( ) — 3178KB
- thmg-20240630.xsd (EX-101.SCH) — 45KB
- thmg-20240630_cal.xml (EX-101.CAL) — 29KB
- thmg-20240630_def.xml (EX-101.DEF) — 90KB
- thmg-20240630_lab.xml (EX-101.LAB) — 586KB
- thmg-20240630_pre.xml (EX-101.PRE) — 176KB
- form10q_htm.xml (XML) — 259KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION 3
- Financial Statements
Item 1 - Financial Statements 3
Management's Discussion and Analysis or Plan of Operation
Item 2. Management's Discussion and Analysis or Plan of Operation 14
Quantitative and Qualitative Disclosures about Market Risk
Item 3. Quantitative and Qualitative Disclosures about Market Risk 19
Controls and Procedures
Item 4. Controls and Procedures 19
- OTHER INFORMATION
PART II - OTHER INFORMATION 20
Legal Proceedings
Item 1. Legal Proceedings. 20
Risk Factors
Item 1A. Risk Factors. 20
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 25
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities. 25
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 25
Other Information
Item 5. Other Information 25
Exhibits
Item 6. Exhibits 26
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
- Financial Statements
Item 1 - Financial Statements Thunder Mountain Gold, Inc. Condensed Consolidated Balance Sheets (Unaudited) June 30, 2024 and December 31, 2023 June 30, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 247,235 $ 170,628 Investment in BeMetals, at fair value (Note 4) - 427,836 Prepaid expenses and other assets 52,208 33,786 Total current assets 299,443 632,250 Property and Equipment: Land 332,509 332,509 Total property and equipment 332,509 332,509 Right to use asset (Note 9) 11,855 21,629 Total assets $ 643,807 $ 986,388 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and other accrued liabilities $ 25,633 $ 39,050 Accrued legal fees 136,685 136,685 Operating lease liability - current (Note 9) 12,183 18,612 Deferred officer compensation (Note 6) 1,104,625 1,104,625 Total current liabilities 1,279,126 1,298,972 Operating lease liability - long-term (Note 9) - 3,532 Accrued reclamation costs 81,250 81,250 Total liabilities 1,360,376 1,383,754 Commitments and Contingencies (Notes 2 and 3) Stockholders' equity: Preferred stock; $ 0.0001 par value, 5,000,000 shares authorized; no shares issued or outstanding - - Common stock; $ 0.001 par value; 200,000,000 shares authorized, 60,855,579 shares issued and outstanding 60,856 60,856 Additional paid-in capital 6,564,947 6,564,947 Less: 11,700 shares of treasury stock, at cost ( 24,200 ) ( 24,200 ) Accumulated deficit ( 7,487,811 ) ( 7,168,608 ) Total Thunder Mountain Gold, Inc stockholders' equity ( 886,208 ) ( 567,005 ) Noncontrolling interest in Owyhee Gold Trust (Note 3) 169,639 169,639 Total stockholders' equity ( 716,569 ) ( 397,366 ) Total liabilities and stockholders' equity $ 643,807 $ 986,388 The accompanying notes are an integral part of these condensed consolidated financial stat