U S GLOBAL INVESTORS INC
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 8, 2024
GROW$2.58+3.0%Stored close · as of Nov 9, 2026
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CONSOLIDATED BALANCE SHEETS (UNAUDITED)
CONSOLIDATED BALANCE SHEETS
| December 31, 2023 | June 30, 2023 | |
|---|---|---|
| (dollars in thousands) · (unaudited) | ||
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $27,466 | $25,401 |
| Restricted cash | 1,000 | 1,000 |
| Investments in trading securities at fair value, current | 10,092 | 11,642 |
| Accounts and other receivables (net of allowance for credit losses of $0, and $0, respectively) | 1,376 | 1,245 |
| Tax receivable | 232 | 576 |
| Prepaid expenses | 262 | 510 |
| Total Current Assets | 40,428 | 40,374 |
| Net Property and Equipment | 1,126 | 1,138 |
| Other Assets | ||
| Deferred tax asset | 2,130 | 1,920 |
| Investments in trading securities at fair value, non-current | 1,465 | 1,563 |
| Investments in available-for-sale debt securities at fair value (amortized cost: $7,056 and $7,729, respectively) (net of allowance for credit losses of $0, and $0, respectively) | 5,784 | 7,008 |
| Investments in held-to-maturity debt securities at amortized cost | 1,000 | 1,000 |
| Less: Allowance for credit losses | (177) | - |
| Investments in held-to-maturity debt securities, net of allowance for credit losses | 823 | 1,000 |
| Other investments | 1,613 | 2,388 |
| Financing lease, right of use assets | 53 | 65 |
| Other assets, non-current | 210 | 217 |
| Total Other Assets | 12,078 | 14,161 |
| Total Assets | $53,632 | $55,673 |
| Liabilities and Shareholders’ Equity | ||
| Current Liabilities | ||
| Accounts payable | $93 | $143 |
| Accrued compensation and related costs | 473 | 1,165 |
| Dividends payable | 322 | 329 |
| Financing lease liability, short-term | 30 | 28 |
| Other accrued expenses | 1,235 | 1,274 |
| Total Current Liabilities | 2,153 | 2,939 |
| Long-Term Liabilities | ||
| Deferred tax liability | 19 | 4 |
| Reserve for uncertain tax positions | 546 | 496 |
| Financing lease liability, long-term | 24 | 38 |
| Total Long-Term Liabilities | 589 | 538 |
| Total Liabilities | 2,742 | 3,477 |
| Commitments and Contingencies (Note 13) | ||
| Shareholders’ Equity | ||
| Common stock (class A) - $0.025 par value; nonvoting; 28,000,000 shares authorized; 13,866,999 shares issued at December 31, 2023, and June 30, 2023; 12,113,760 and 12,496,674 shares outstanding at December 31, 2023, and June 30, 2023, respectively | 347 | 347 |
| Common stock (class B) - $0.025 par value; nonvoting; 4,500,000 shares authorized; no shares issued | - | - |
| Convertible common stock (class C) - $0.025 par value; voting; 3,500,000 shares authorized; 2,068,549 shares issued and outstanding at December 31, 2023, and June 30, 2023 | 52 | 52 |
| Additional paid-in-capital | 16,444 | 16,442 |
| Treasury stock, class A shares at cost; 1,753,239 and 1,370,325 shares at December 31, 2023, and June 30, 2023, respectively | (4,891) | (3,740) |
| Accumulated other comprehensive income, net of tax | 963 | 1,348 |
| Retained earnings | 37,975 | 37,747 |
| Total Shareholders’ Equity | 50,890 | 52,196 |
| Total Liabilities and Shareholders’ Equity | $53,632 | $55,673 |
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