|
Thunder Mountain Gold, Inc. (An Exploration Stage Company) Consolidated Balance Sheets (USD $)
|
Mar. 31, 2012
|
Dec. 31, 2011
|
| Current assets: |
|
|
|
|
| Cash and cash equivalents |
$ 11,504 |
|
$ 83 |
|
| Prepaid expenses and other assets |
24,277 |
|
20,389 |
|
| Deferred financing costs |
91,283 |
|
91,283 |
|
| Total current assets |
127,064 |
|
111,755 |
|
| Property, equipment and mining claims: |
|
|
|
|
| South Mountain Mines property |
357,497 |
|
357,497 |
|
| Equipment, net of accumulated depreciation |
8,444 |
|
10,851 |
|
| Mining leaseholds |
112,200 |
|
86,080 |
|
| Total property, equipment and mining claims |
478,141 |
|
454,428 |
|
| Other assets: |
|
|
|
|
| Deferred financing costs, net of accumulated amortization |
31,391 |
|
47,087 |
|
| Total assets |
636,596 |
|
613,270 |
|
| Current liabilities: |
|
|
|
|
| Accounts payable and other accrued liabilities |
140,191 |
|
155,125 |
|
| Deferred payroll |
167,743 |
|
120,744 |
|
| Convertible note payable - related party, net of discount |
147,359 |
|
139,786 |
|
| Conversion option liability - related party |
33,445 |
|
48,231 |
|
| Total current liabilities |
488,738 |
|
463,886 |
|
| Derivative warrant liabilities |
323,983 |
|
510,893 |
|
| Total liabilities |
812,721 |
|
974,779 |
|
| Commitments |
0 |
[1] |
0 |
[1] |
| Stockholders' equity (deficit): |
|
|
|
|
| Preferred stock |
0 |
|
0 |
|
| Common stock |
30,068 |
|
28,718 |
|
| Additional paid-in capital |
3,253,716 |
|
3,095,066 |
|
| Less: 11,700 shares of treasury stock, at cost |
(24,200) |
|
(24,200) |
|
| Deficit accumulated prior to 1991 |
(212,793) |
|
(212,793) |
|
| Accumulated deficit during the exploration stage |
(3,222,916) |
|
(3,248,300) |
|
| Total stockholders' equity (deficit) |
(176,125) |
|
(361,509) |
|
| Total liabilities and stockholders' equity (deficit) |
$ 636,596 |
|
$ 613,270 |
|
|
|
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