THUNDER MOUNTAIN GOLD INC
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
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Consolidated Balance Sheets at December 31, 2024 and 2023
Thunder Mountain Gold, Inc.
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $481,322 | $170,628 |
| Investment in BeMetals, at fair value (Note 4) | - | 427,836 |
| Subscription receivable | 130,000 | - |
| Prepaid expenses and other assets | 35,902 | 33,786 |
| Total current assets | 647,224 | 632,250 |
| Property and equipment: | ||
| Land (Note 5) | 332,509 | 332,509 |
| Total property and equipment | 332,509 | 332,509 |
| Right to use asset (Note 10) | 1,725 | 21,629 |
| Total assets | $981,458 | $986,388 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable and other accrued liabilities | $65,604 | $39,050 |
| Accrued legal fees (Note 6) | 136,685 | 136,685 |
| Operating lease liability - (Note 10) | 1,771 | 18,612 |
| Deferred compensation (Note 6) | 1,104,625 | 1,104,625 |
| Total current liabilities | 1,308,685 | 1,298,972 |
| Operating lease liability - long-term (Note 10) | - | 3,532 |
| Accrued reclamation costs | 81,250 | 81,250 |
| Total liabilities | 1,389,935 | 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, 73,255,579 and 60,855,579 shares issued and outstanding, respectively (See Note 7) | 73,256 | 60,856 |
| Additional paid-in capital | 7,172,547 | 6,564,947 |
| Less: 11,700 shares of treasury stock, at cost | (24,200) | (24,200) |
| Accumulated deficit | (7,799,719) | (7,168,608) |
| Total Thunder Mountain Gold, Inc stockholders' equity | (578,116) | (567,005) |
| Noncontrolling interest in Owyhee Gold Trust (Note 3) | 169,639 | 169,639 |
| Total stockholders' equity | (408,477) | (397,366) |
| Total liabilities and stockholders' equity | $981,458 | $986,388 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.