$ERLFF

ENTREE GOLD INC

CIK:0001271554|SEC Filings

Consolidated Statements of Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Expenses
Project expenditures	$ 504	$ 502	$ 214
General and administrative	1,925	1,605	1,430
Share-based compensation	997	735	538
Depreciation	124	118	98
Operating loss	3,550	2,960	2,280
Foreign exchange loss (gain)	532	(30)	(193)
Interest income	(147)	(25)	(80)
Interest expense	369	365	338
Loss from equity investee	509	235	186
Finance costs	60	15	19
Deferred revenue finance costs	4,188	4,035	3,450
Net loss for the year	9,061	7,555	6,000
Other comprehensive (gain) loss
Foreign currency translation	(3,695)	156	1,114
Total comprehensive loss	$ 5,366	$ 7,711	$ 7,114
Net loss per common share
Basic earnings (loss) per share	$ (0.05)	$ (0.04)	$ (0.03)
Diluted earnings (loss) per share	$ (0.05)	$ (0.04)	$ (0.03)
Weighted average number of common shares outstanding
Basic and fully diluted (000's)	197,118	188,658	178,612
Total common shares issued and outstanding (000's)	198,135	192,688	186,530

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows used in operating activities
Net loss	$ (9,061)	$ (7,555)	$ (6,000)
Items not affecting cash:
Depreciation	124	118	98
Share-based compensation	997	735	538
Loss from equity investee	509	235	186
Interest expense	369	365	335
Finance cost, net	62	6	19
Unrealized foreign exchange loss (gains)	372	(48)	(167)
Deferred revenue finance costs	4,188	4,035	3,450
Other	0	9
Cash Flows Used In Operations Before Changes In Working Capital	(2,440)	(2,100)	(1,541)
Changes in non-cash operating working capital:
Increase in receivables and prepaids	(1)	(27)	(8)
Increase (decrease) in accounts payable and accrued liabilities	126	(25)	53
Cash Flows Used In Operating Activities	(2,315)	(2,152)	(1,496)
Cash flows used in investing activities
Purchase of equipment		(33)
Cash flows used in investing activities	0	(33)
Cash flows from financing activities
Repayment of lease liability	(71)	(88)	(118)
Proceeds from issuance of common shares – share options	155	88	120
Proceeds from issuance of common shares – warrants	1,781	1,994
Proceeds from issuance of common shares – private placement			3,313
Share issuance costs			(85)
Cash Flows From (Used In) Used In Financing Activities	1,865	1,994	3,230
(Decrease) increase in cash and cash equivalents	(450)	(191)	1,734
Cash and cash equivalents - beginning of year	7,090	7,260	5,380
Effect of exchange rate changes on cash and cash equivalents	(231)	21	146
Cash and cash equivalents - end of year	$ 6,409	$ 7,090	$ 7,260

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 6,409	$ 7,090
Receivables and prepaid expenses	158	157
Prepaid licence fees	96	153
Deposits	12	12
Current assets	6,675	7,412
Non-current assets
Property and equipment	523	128
Oyu Tolgoi assets	295	239
Non-current assets	818	367
Total assets	7,493	7,779
Current liabilities
Accounts payable and accrued liabilities	227	101
Current portion of lease liabilities	100	99
Current liabilities	327	200
Non-current liabilities
Lease liabilities	449	0
Loan payable to Oyu Tolgoi LLC	11,139	10,262
Deferred revenue	53,112	52,419
Non current Liabilities	64,700	62,681
Total liabilities	65,027	62,881
Shareholders' deficiency
Share capital	182,668	179,515
Reserves	22,509	22,728
Accumulated other comprehensive income (loss)	2,018	(1,677)
Deficit	(264,729)	(255,668)
Total shareholders' deficiency	(57,534)	(55,102)
Total liabilities and shareholders' deficiency	$ 7,493	$ 7,779