Company profile

William V. Schara
Incorporated in
Fiscal year end
Industry (SEC)
Former names
Little Squaw Gold Mining Co
IRS number

LITS stock data



20 May 19
22 Aug 19
31 Dec 19


Company financial data Financial data

Quarter (USD) Mar 19 Dec 18 Sep 18 Jun 18
Net income 383.54K -761.06K -1.49M -1.13M
Diluted EPS 0 -0.01 -0.01 -0.01
Net change in cash -59.35K 74.34K -50.37K -68.85K
Cash on hand 17.83K 77.18K 2.84K 53.2K
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 218.77K 67.58K
Net income -3.78M -965.46K -733.3K 50.16K
Diluted EPS -0.03 -0.01 -0.01 0
Net profit margin -441% -1085%
Operating income 977.23K 742.6K -171K
Net change in cash -409.03K 456.13K -48.53K -127.42K
Cash on hand 77.18K 486.21K 30.08K 78.61K

Financial data from company earnings reports

Financial report summary

Management Discussion
  • On March 31, 2019, we had total liabilities of $6,239,049 and total assets of $1,059,948. This compares to total liabilities of $5,912,698 and total assets of $1,083,521 on December 31, 2018. As of March 31, 2019, our liabilities consist of $451,256 for remediation and asset retirement obligations, $351,934 of notes payable in
  • gold, $967,371 of notes payable, $2,453,684 of notes payable – related parties, $1,177,876 of trade payables and accrued liabilities, $27,036 of accrued interest payable, $296,649 of accrued interest payable – related parties, $482,625 due to related parties, and $30,618 for dividends payable. Of these liabilities, $5,787,793 is due within 12 months. The increase in liabilities compared to December 31, 2018 is due to an increase in trade and related party payables, additional borrowings under notes payable - related parties, largely resulting from costs associated with arbitration, and amortization of the discount and warrants of the notes payable. Total assets and its components did not experience significant changes, with the exception of a decrease in cash due to financing activities insufficient to cover the level of operating expenses, offset by an increase in prepaid expenses during the quarter ended March 31, 2019.
  • On March 31, 2019, we had negative working capital of $5,598,056 and a stockholders’ deficit of $5,179,101 compared to negative working capital of $5,521,940 and stockholders’ deficit of $4,829,177 for the year ended December 31, 2018. Working capital decreased during the quarter ended March 31, 2019 due to the accruals of accounts and trade payables that exceeded cash proceeds from Notes payable and Notes payable – related parties. Stockholders’ equity decreased due to an operating loss for the period ended March 31, 2019.
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