$XTGRF

XTRA-GOLD RESOURCES CORP

CIK:0001288770|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
OPERATING EXPENSES
Depreciation	$ 132,731	$ 136,638	$ 165,898
Exploration	1,395,157	876,828	815,980
General and administrative	811,064	653,238	442,552
EXPENSES BEFORE OTHER INCOME (EXPENSES)	(2,338,952)	(1,666,704)	(1,424,430)
OTHER INCOME (EXPENSES)
Recovery of gold, net	4,182,841	4,166,130	3,527,354
Foreign exchange loss	677,159	(352,509)	(203,212)
Net gain (loss) on trading securities	1,427,059	159,967	(58,197)
Interest earned and dividends	371,511	418,263	371,525
Change in valuation of warrant and derivative liabilities	(151,916)	0	0
Impairment loss on trading securities	0	0	(1,336,501)
OTHER INCOME, NET	6,506,654	4,391,851	2,300,969
Income before tax	4,167,702	2,725,147	876,539
Income tax expense	(185,738)	(800,000)	(861,815)
Net income	3,981,964	1,925,147	14,724
Net income attributable to non-controlling interest	(298,531)	(249,735)	(180,652)
Net income (loss) attributable to Xtra-Gold Resources Corp.	$ 3,683,433	$ 1,675,412	$ (165,928)
Basic income attributable to common shareholders per common share	$ 0.08	$ 0.04	$ (0)
Diluted income attributable to common shareholders per common share	$ 0.08	$ 0.03	$ (0)
Basic weighted average number of common shares outstanding	46,008,472	46,065,555	46,361,078
Diluted weighted average number of common shares outstanding	48,577,127	48,989,055	46,361,078

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 3,981,964	$ 1,925,147	$ 14,724
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	132,731	136,638	165,898
Stock-based compensation	7,151	139,138	23,750
Derivative expense	151,916	0	0
Unrealized foreign exchange loss (gain)	(150,258)	194,100	121,720
Net gain (loss) on sales of trading securities	(1,427,059)	(159,967)	58,197
Impairment loss on trading securities	0	0	1,336,501
Changes in operating assets and liabilities:
(Increase) decrease in prepaids	(8,204)	(84,809)	2,606
Decrease (increase) in inventory	(656,608)	(343,389)	(21,658)
Change in asset retirement obligation	6,942	9,257	(13,886)
Increase in accounts payable and accrued liabilities	(933,338)	524,558	155,868
Increase (decrease) in due to related parties	44,302	(61,813)	(29,558)
Net cash provided by operating activities	1,149,539	2,278,860	1,814,162
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of trading securities	(3,991,529)	(3,320,981)	(2,036,995)
Proceeds on sale of trading securities	4,444,748	2,277,652	1,805,342
Acquisition of equipment	(247,741)	(40,857)	(37,722)
Net cash used in investing activities	205,478	(1,084,186)	(269,375)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from private placement	1,595,705	0	0
Repurchase of capital stock	(624,656)	(172,823)	(171,325)
Net cash used in financing activities	971,049	(172,823)	(171,325)
Change in cash and cash equivalents and restricted cash during the year	2,326,066	1,021,851	1,373,462
Cash and cash equivalents and restricted cash at beginning of year	8,472,635	7,450,784	6,077,322
Cash and cash equivalents and restricted cash at end of year	10,798,701	8,472,635	7,450,784
Reconciliation of Cash and Cash Equivalents and Restricted Cash
Cash and cash equivalents at beginning of year	8,176,313	7,154,462	5,781,000
Restricted cash at beginning of year	296,322	296,322	296,322
Cash and cash equivalents and restricted cash at beginning of year	8,472,635	7,450,784	6,077,322
Cash and cash equivalents at end of year	10,502,379	8,176,313	7,154,462
Restricted cash at end of year	296,322	296,322	296,322
Cash and cash equivalents and restricted cash at end of year	$ 10,798,701	$ 8,472,635	$ 7,450,784

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current
Cash and cash equivalents	$ 10,502,379	$ 8,176,313
Investment in trading securities	4,345,696	3,221,598
Prepaids	216,652	186,994
Inventory	1,817,594	1,160,986
Total current assets	16,882,321	12,745,891
Restricted cash	296,322	296,322
Equipment, net	562,426	447,416
Mineral properties	734,422	734,422
TOTAL ASSETS	18,475,491	14,224,051
Current
Accounts payable and accrued liabilities	872,280	1,805,618
Due to related parties	134,904	90,602
Warrant liability	335,926	0
Derivative liability	95,385	0
Asset retirement obligation	101,827	94,885
Total current liabilities	1,540,322	1,991,105
Total liabilities	1,540,322	1,991,105
Commitment and contingencies
Equity
Capital stock Authorized - 250,000,000 common shares with a par value of $0.001 Issued and outstanding 46,682,117 common shares (December 31, 2024 - 45,994,517 common shares)	46,682	45,995
Additional paid in capital	32,461,400	31,667,831
Shares in treasury	(91,236)	(17,239)
Accumulated deficit	(16,152,481)	(19,835,914)
Total Xtra-Gold Resources Corp. stockholders' equity	16,264,365	11,860,673
Non-controlling interest	670,804	372,273
Total equity	16,935,169	12,232,946
TOTAL LIABILITIES AND EQUITY	$ 18,475,491	$ 14,224,051