$PGOL

PATRIOT GOLD CORP

CIK:0001080448|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues (see Note 4)	$ 1,777,840	$ 0	$ 1,777,840	$ 0
Expenses:
Mineral costs	13,982	21,330	26,293	41,180
Consulting expense	17,240	26,721	34,347	78,336
Directors Fees	52,500	52,500	105,000	105,000
General and administrative	379,447	471,715	594,786	761,242
Total operating expense	463,169	572,266	760,426	985,758
Net income (loss) from operations	1,314,671	(572,266)	1,017,414	(985,758)
Other income (expense):
Interest expense	(20,826)	0	(37,259)	0
Unrealized holding gain (loss) on marketable securities	(28,707)	(3,864)	1,656	7,177
Currency exchange	19,373	1,096	29,680	3,293
Other miscellaneous income	6	104	5	252
Total other income (expense)	(30,154)	(2,664)	(5,918)	10,722
Net income (loss)	1,284,517	(574,930)	1,011,496	(975,036)
Other comprehensive income (loss)
Foreign currency translation adjustment	3,118	(2,673)	5,028	(2,125)
Comprehensive income (loss)	$ 1,287,635	$ (577,603)	$ 1,016,524	$ (977,161)
Earnings per share, basic and diluted:
Income (loss) per common share - basic	$ 0.02	$ (0.01)	$ 0.01	$ (0.02)
Income (loss) per common share - diluted	$ 0.02	$ (0.01)	$ 0.01	$ (0.02)
Weighted average shares outstanding - basic	68,296,490	60,354,539	68,296,490	60,354,539
Weighted average shares outstanding - diluted	68,296,490	60,354,539	68,296,490	60,354,539

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Statement of Cash Flows [Abstract]
Net income (loss)	$ 1,011,496	$ (975,036)
Adjustments to reconcile net income to net cash provided by operating activities:
Fair value adjustment for marketable securities	(1,656)	(7,177)
Change in operating assets and liabilities:
Royalties receivables	(302,228)	0
Prepaid expenses	17,696	44,190
Accounts payable and accrued liabilities	(615,587)	555,536
Accounts payable and accrued liabilities – related parties	115,272	105,000
Net cash flows provided by (used in) operating activities	224,993	(277,487)
Cash flows from investing activities:
Net cash flows from investing activities	0	0
Cash flows from financing activities:
Proceeds from convertible note payable - related party	286,351	0
Net cash flows from financing activities	286,351	0
Foreign exchange effect on cash	5,028	(2,124)
Net increase (decrease) in cash	516,372	(279,611)
Cash, beginning of year	57,294	401,207
Cash, end of year	573,666	121,596
Supplemental disclosure of cash paid for:
Interest	0	0
Income taxes	$ 0	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash	$ 573,666	$ 57,294
Marketable securities	54,101	52,445
Royalty receivables, net of allowance for uncollectible receivables	302,228	0
Prepaid expenses	51,668	69,364
Total current assets	981,663	179,103
Long-term assets:
Deferred tax asset, net of valuation allowance	0	0
Total long-term assets	0	0
Total assets	981,663	179,103
Current liabilities:
Accounts payable and accrued liabilities	257,931	873,518
Accounts payable and accrued liabilities – related parties	605,272	490,000
Convertible note payable – related party	950,446	664,095
Total current liabilities	1,813,649	2,027,613
Commitments and contingencies
Stockholders' equity:
Common stock, par value $.001; 400,000,000 shares authorized; 68,296,490 shares issued and outstanding at June 30, 2026 and December 31, 2025 respectively	68,297	68,297
Treasury stock (100,000 shares)	(9,093)	(9,093)
Additional paid-in capital	28,374,259	28,374,259
Accumulated other comprehensive income (loss)	(15,343)	(20,371)
Accumulated deficit	(29,250,396)	(30,261,892)
Total stockholders' equity	(831,986)	(1,848,510)
Total liabilities and stockholders' equity	981,663	179,103
Preferred Stock [Member]
Stockholders' equity:
Preferred stock, value	0	0
Series A Preferred Stock [Member]
Stockholders' equity:
Preferred stock, value	$ 290	$ 290