$RITE

MINERALRITE Corp

CIK:0001096296|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
Revenue
Mineral Sales & Services
Cost of Goods Sold
Gross Profit (Loss)
Other income
Total Income (Loss)
Expenses
Accounting & Auditing		250		2,000
Bank Charges	14		372	105
Business Promo	7,441	2,920	23,965	11,625
Business Travel	1,736	740	3,329	3,697
Communications	17	26	17	82
Depreciation & Amortization
Filings & Corp Cleaning	4,676	15,130	7,806	17,642
Legal And Professional	107,700	45,600	195,600	91,200
Market Related				3,000
Office & Insurance Expense	27,402	12,733	55,051	27,628
Postage & Shipping		10	43	67
Project Development	33,571		33,571
Storage
Supplies	26	466	315	489
Transfer Agent	1,600	529	2,700	1,879
Web & Computer Services	562	544	1,140	1,222
Total Expenses	184,745	78,948	323,909	160,636
Operating Income (Loss)	(184,745)	(78,948)	(323,909)	(160,636)
Other Income / (Expenses)
Other (Non-operating) income
Other (Non-operating) expense
Interest Expense	(1,208)		(2,189)
Interest Income
Unrealized gain (loss)	(20,925)	10,500	(27,675)	10,500
Income Before Taxes	(206,878)	(68,448)	(353,773)	(150,136)
Income Tax Expense
Net Income (Loss)	(206,878)	(68,448)	(353,773)	(150,136)
Accrued preferred stock dividends	(2,625)	(2,625)	(5,250)	(5,250)
Net Income (Loss) attributable to common shareholders	$ (209,503)	$ (71,073)	$ (359,023)	$ (155,386)
Earnings (Loss) per common share	$ (0.000034)	$ (0.000016)	$ (0.000058)	$ (0.000036)
Diluted Earnings (Loss) per common share	$ (0.000034)	$ (0.000016)	$ (0.000058)	$ (0.000036)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities
Net income	$ (353,773)	$ (150,136)
Depreciation and amortization
Stock-based compensation expense
Unrealized (gain) loss on investments	27,675	(10,500)
(Gain) Loss on extinguishment of debt
(Gain) Loss on Extinguishment of Obligations (warrants issued)
Deferred income taxes
(Increase) decrease in receivables and prepaids	107,563
(Increase) decrease in inventory
Increase (decrease) in payables and accrued liabilities	7,538	(10,055)
Other adjustments, net		(2,700)
Net cash provided by (used in) operating activities	(210,997)	(173,391)
Cash Flows from Investing Activities
(Purchases) of minerals, property and equipment	(37,475)	(16,158)
Proceeds from sale of minerals, property and equipment	4,000
(Purchases) of marketable securities		(25,500)
Proceeds from sale of marketable securities
Net cash provided by (used in) investing activities	(33,475)	(41,658)
Cash Flows from Financing Activities
Proceeds from issuance of common stock		25,500
Proceeds from issuance of preferred stock	215,535	211,500
Proceeds from option/warrant premiums	500	940
Proceeds from issuance of debt	26,400	5,099
Repayments of debt
Payment of dividends
Net cash provided by (used in) financing activities	242,435	243,039
Net Change in Cash
Net increase (decrease) in cash and cash equivalents	(2,037)	27,990
Cash and cash equivalents at beginning of period	11,617	10,458
Cash and cash equivalents at end of period	$ 9,580	$ 38,448

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 9,580	$ 11,617
Accounts receivable
Inventory
Employee advances
Note Receivable
Prepaid services	26,800	134,363
Total current assets	36,380	145,980
Property and equipment:
Property, Plant & Equipment	434,414	438,414
Less: accumulated depreciation & write downs	(198,414)	(198,414)
Total property and equipment, net	236,000	240,000
Other assets:
Investments	23,625	51,300
Mineral royalties	1,380,000	1,380,000
Prepaid services - long-term portion
Mineral assets	246,048,975	246,011,500
Less: accumulated depletion
Total other assets	247,452,600	247,442,800
Total assets	247,724,980	247,828,780
Current liabilities:
Accounts payable	56,486	48,948
Other liabilities	4,997,300	4,997,300
Liability due to committed shares in excess of authorized
Total current liabilities	5,053,786	5,046,248
Long-term liabilities:
Convertible debt
Notes Payable	41,920	15,520
Derivative liabilities
Total long-term liabilities	41,920	15,520
Total liabilities	5,095,706	5,061,768
SHAREHOLDERS’ EQUITY
Preferred undesignated; 42,627,000 authorized; 0 issued Common Stock, no par value; 20,000,000,000 authorized 6,249,776,842 issued at 06/30/26; 6,211,776,842 issued at 12/31/25	3,887,635	3,887,635
Additional paid-in capital	70,338,794	70,312,494
Accumulated deficit	(5,115,594)	(4,761,821)
Other comprehensive gain/(loss)
Total shareholders’ equity (deficit)	242,629,274	242,767,012
Total liabilities and shareholders’ equity (deficit)	247,724,980	247,828,780
Series A Preferred Stock [Member]
SHAREHOLDERS’ EQUITY
Preferred Stock, Value, Issued	105	105
Series B Preferred Stock [Member]
SHAREHOLDERS’ EQUITY
Preferred Stock, Value, Issued	14	14
Series C Preferred Stock [Member]
SHAREHOLDERS’ EQUITY
Preferred Stock, Value, Issued	1,018,320	828,585
Series D Preferred Stock [Member]
SHAREHOLDERS’ EQUITY
Preferred Stock, Value, Issued
Series NMC Preferred Stock [Member]
SHAREHOLDERS’ EQUITY
Preferred Stock, Value, Issued	$ 172,500,000	$ 172,500,000