THUNDER MOUNTAIN GOLD INC
For the period ended Dec 31, 2023. Filed Mar 12, 2024.
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FY2023 · Filed Mar 12, 2024
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Consolidated Balance Sheets at December 31, 2023 and 2022
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $170,628 | $682,718 |
| Investment in BeMetals, at fair value (Note 4) | 427,836 | 738,612 |
| Prepaid expenses and other assets | 33,786 | 20,113 |
| Total current assets | 632,250 | 1,441,443 |
| Property and equipment: | ||
| Land | 332,509 | 280,333 |
| Equipment, net of accumulated depreciation (Note 5) | - | 552 |
| Total property and equipment | 332,509 | 280,885 |
| Right to use asset (Note 10) | 21,629 | - |
| Total assets | $986,388 | $1,722,328 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable and other accrued liabilities | $39,050 | $27,599 |
| Accrued legal fees (Note 6) | 136,685 | 146,685 |
| Operating lease liability - (Note 10) | 18,612 | - |
| Advance from BeMetals (Note 3) | - | 5,433 |
| Deferred compensation (Note 6) | 1,104,625 | 1,041,500 |
| Total current liabilities | 1,298,972 | 1,221,217 |
| Operating lease liability - long-term (Note 10) | 3,532 | - |
| Accrued reclamation costs | 81,250 | 81,250 |
| Total liabilities | 1,383,754 | 1,302,467 |
| 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, respectively | 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 | (7,168,608) | (6,351,381) |
| Total Thunder Mountain Gold, Inc stockholders' equity | (567,005) | 250,222 |
| Noncontrolling interest in Owyhee Gold Trust (Note 3) | 169,639 | 169,639 |
| Total stockholders' equity | (397,366) | 419,861 |
| Total liabilities and stockholders' equity | $986,388 | $1,722,328 |
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