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FORMATION MINERALS, INC.: 10-Q filed 2023-09-14

What FORMATION MINERALS, INC. reported in its quarterly report filed 2023-09-14 (fiscal Q1 2024): 27 published measures, 54 facts as tagged in accession 0001213900-23-076640.

This filing

Form
10-Q (quarterly report)
Filed
2023-09-14
Fiscal period
fiscal Q1 2024
Accession
0001213900-23-076640 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All FORMATION MINERALS, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2023-07-3125,203USD
At 2023-04-3039,646USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2023-07-311,142,103USD
At 2023-04-301,101,239USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2023-07-31-1,339,302USD
At 2023-04-30-1,284,455USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2023-05-01 to 2023-07-31-148,868USD92
2022-05-01 to 2022-07-31-178,151USD92

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2023-05-01 to 2023-07-31-17,851USD92
2022-05-01 to 2022-07-31-155,824USD92

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2023-05-01 to 2023-07-31335USD92
2022-05-01 to 2022-07-313,734USD92

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2022-05-01 to 2022-07-3145USD92

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2023-07-31-6,176,077USD
At 2023-04-30-6,027,209USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2023-05-01 to 2023-07-3156,349,183shares92
2022-05-01 to 2022-07-31105,723,183shares92

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2023-05-01 to 2023-07-31-0.003USD/shares92
2022-05-01 to 2022-07-31-0.002USD/shares92

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2023-05-01 to 2023-07-31-0.003USD/shares92
2022-05-01 to 2022-07-31-0.002USD/shares92

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2022-05-01 to 2023-04-303,780USD365

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2023-05-01 to 2023-07-31-148,799USD92
2022-05-01 to 2022-07-31-181,268USD92

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2023-07-3125,203USD
At 2023-04-3039,646USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2023-05-01 to 2023-07-312,041USD92
2022-05-01 to 2022-07-312,137USD92

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2023-07-311,142,103USD
At 2023-04-301,101,239USD

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2023-05-01 to 2023-07-316,914USD92

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2023-07-3156,349,183shares
At 2023-04-3056,349,183shares
At 2022-07-3156,349,183shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2023-07-3112,188USD
At 2023-04-3026,958USD
At 2022-07-31277,318USD
At 2022-04-30437,177USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2023-07-314,599,073USD
At 2023-04-304,533,073USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2023-07-31-1,116,900USD
At 2023-04-30-1,061,593USD
At 2022-07-31-615,903USD
At 2022-04-30-463,205USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2023-05-01 to 2023-07-31-150,505USD92
2022-05-01 to 2022-07-31-179,671USD92

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2023-05-01 to 2023-07-31-150,505USD92
2022-05-01 to 2022-07-31-179,671USD92

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2023-05-01 to 2023-07-31-132,307USD92
2022-05-01 to 2022-07-31-167,319USD92

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

PeriodValueUnitDays
2022-05-01 to 2022-07-31-883,768USD92

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2023-05-01 to 2023-07-31141,885USD92
2022-05-01 to 2022-07-31181,268USD92

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2022-05-01 to 2022-07-311,451USD92

Inspect the source

Entity
FORMATION MINERALS, INC. / CIK 0001885336
Captured
2026-09-21T17:33:01.492Z
SEC response SHA-256
6348a0147fcb7e2f8da369ec2ed7b6c1c8ac0e9eadaed73c9aee14bbe053cc95

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001885336.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))