Santa Fe Gold CORP

CIK:0000851726|SEC Filings

Consolidated Statement of Operations - USD ($)	3 Months Ended		9 Months Ended
Consolidated Statement of Operations - USD ($)	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Consolidated Statement of Operations
Revenues	$ 0	$ 0	$ 0	$ 0
Operating Expenses
Mine and mine related costs	24,011	31,748	95,845	101,339
General and administrative	232,455	268,115	818,320	1,104,700
Total operating expenses	256,466	299,863	914,165	1,206,039
Loss From Operations	(256,466)	(299,863)	(914,165)	(1,206,039)
Other Income and (Expense)
Miscellaneous income	0	0	173	0
Recovery (misappropriation) of funds	0	0	4,257	(522)
Finance costs- commodity supply agreement	(615,529)	(505,553)	(603,474)	(663,933)
Interest expense	(174,104)	(169,264)	(524,379)	(501,403)
Total other income (expense)	(789,633)	(674,817)	(1,123,423)	(1,165,858)
Loss before provision for income taxes	(1,046,099)	(974,680)	(2,037,588)	(2,371,897)
Provision for income taxes	0	0	0	0
Net (Loss), Gain and Comprehensive Gain, (Loss)	$ (1,046,099)	$ (974,680)	$ (2,037,588)	$ (2,371,897)
Basic and Diluted Per Share Data
Net Loss Per Share - basic and diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Basic and Diluted	445,319,662	439,161,884	443,377,894	437,394,135

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Cash Flows from Operating Activities
Net (Loss), Gain and Comprehensive Gain, (Loss)	$ (2,037,588)	$ (2,371,897)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities
Warrant/option expense from derivative liability	157,756	381,858
Depreciation and amortization	34,137	40,412
Non-cash interest expense	0	823
Non-cash expense	0	(18,000)
Non-cash adjustment on recovery of misappropriated funds	(200)	522
Net change in operating assets and liabilities
Prepaid expenses and other current assets	3,858	(5,448)
Increase (Decrease) in Accounts Payable and Accrued Liabilities	1,582,302	1,541,689
Net Cash Provided by (Used in) Operating Activities	(259,735)	(430,041)
Net Cash Provided by (Used in) Investing Activities
Payment on mineral leases	(225,000)	(200,000)
Proceeds from property for sale	181,078	0
Recovery of misappropriated funds	(4,057)	0
Purchase of property, plant and equipment	(1,068)	(179,469)
Net Cash Provided by (Used in) Investing Activities	(49,047)	(379,469)
Net Cash Provided by (Used in) Financing Activities
Proceeds from issuance of common stock	250,000	361,500
Proceeds from notes payable	50,000	400,000
Proceeds from asset sale of real estate	0	37,478
Payment on note principal	(10,632)	(10,000)
Rent deposit payment	0	(125)
Payment on lease principle	0	(4,403)
Net Cash Provided by (Used in) Financing Activities	289,368	784,450
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	(19,414)	(25,060)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance	19,939	27,458
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	525	2,398
Supplemental Cash Flow Information
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	2,005	161
Income Taxes Paid, Net	0	0
Supplemental Disclosures for Noncash Investing and Financing Activities
Purchase of asset for sale in exchange for accrued wages	26,000	0
Commodity Supply finance costs in accrued liabilities	$ 603,474	$ 663,933

Consolidated Balance Sheets - USD ($)	Mar. 31, 2023	Jun. 30, 2022
Current Assets
Cash and cash equivalents	$ 525	$ 19,939
Prepaid expenses and other current assets	4,882	8,740
Total current assets	5,407	28,679
Property and equipment, net	399,049	432,118
Mineral property	4,440,365	4,215,365
Deposit	125	125
Assets held for sale	0	202,821
Total Assets	4,844,946	4,879,108
Current liabilities:
Accounts payable	3,865,558	3,812,836
Accrued liabilities	13,889,935	12,385,090
Notes payable, current maturities	2,828,675	2,343,635
Completion guaranty payable	3,359,873	3,359,873
Total current liabilities	23,944,041	21,901,434
Non-current notes payable	63,849	510,786
Total Liabilities	24,007,890	22,412,220
Stockholders' Deficit
Common shares	892,617	882,617
Additional paid-in capital	96,956,277	96,558,521
Accumulated deficit	(117,011,838)	(114,974,250)
Total stockholders' deficit	(19,162,944)	(17,533,112)
Total Liabilities and Stockholders' Deficit	$ 4,844,946	$ 4,879,108