MINERALRITE Corp (RITE)
As of April 7, 2021, MineralRite Corporation was acquired by Southern Cars & Trucks, Inc. MineralRite Corporation, a development stage company, operates in the mineral and mining industry. It focuses on the manufacture, sale, and lease of mining and mineral processing equipment; purchase and development of minerals and mineral backed assets; management of mineral offtake activities; and purchase and sale of precious metals. The company was formerly known as Royal Quantum Group, Inc. and changed its name to MineralRite Corporation in October 2012. MineralRite Corporation was incorporated in 1996 and is based in Dallas, Texas.
Sector: Miscellaneous Metal Ores
Industry: Other Precious Metals
MineralRite Corporation
OTC:RITEBasic Materials · Other Precious Metals
+0.00%$0.0012
Mkt Cap$7.5M
Float4.87B
O/S6.25B
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$292K
Total Assets$433.83M
Free Cash Flow-$318K
Debt & Equity
Debt 0%
Equity 100%
Preferred 0%
Total Debt$16K
Total Equity$428.77M
Preferred Stock$105
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in RITE's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$433.83M
Liabilities$5.06M
Accounts Receivable$0
Accounts Payable$49K
Inventory$0
PP&E (Net)$438K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 |
| Revenue | $0 | $5K | $0 | $397K | $358K | $525K | $449K | $48K | $0 | $0 | $0 | $0 | $34K | $69K |
| YoY Growth | - | - | - | 11.0% | -31.8% | 17.0% | 829.4% | - | - | - | - | - | -51.0% | - |
| Cost of Revenue | $0 | $122K | $11K | $358K | $315K | $496K | $389K | $37K | $476K | $145K | $0 | $0 | $22K | $0 |
| Gross Profit | $0 | -$117K | -$11K | $39K | $43K | $29K | $60K | $12K | -$476K | -$145K | $0 | $0 | $12K | $69K |
| Gross Margin | - | -2333.0% | - | 9.8% | 12.0% | 5.6% | 13.3% | 24.3% | - | - | - | - | 36.5% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $476K | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $435K | $250K | $83K | $1.59M | $440K | $322K | $272K | $281K | $301K | $352K | $135K | $237K | $139K | $570K |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $324K |
| Total Operating Expenses | $435K | $250K | $83K | $1.59M | $440K | $322K | $272K | $281K | $777K | $352K | $135K | $237K | $139K | $894K |
| Operating Income (EBIT) | -$435K | -$366K | -$95K | -$1.55M | -$397K | -$293K | -$213K | -$269K | -$777K | -$352K | -$135K | -$237K | -$447K | -$825K |
| Operating Margin | - | -7323.7% | - | -391.0% | -110.9% | -55.8% | -47.5% | -557.3% | - | - | - | - | -1321.0% | -1195.7% |
| Interest Expense | $195 | $430 | $1K | $182K | $29K | $47K | $41K | $31K | $532K | $26K | $116K | $0 | $224 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $250 | $13 | $0 | $0 |
| Other Income (Expense) | $143K | $763K | $18K | -$1.39M | -$57K | -$47K | -$41K | -$73K | $92K | -$38K | -$148K | $0 | -$1.34M | $0 |
| Income Before Tax (EBT) | -$292K | $397K | -$77K | -$2.94M | -$454K | -$339K | -$253K | -$311K | -$686K | -$390K | -$283K | $0 | $0 | $0 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $73K | $440K | $64K | $264K | $169K | $1.34M | $0 |
| Net Income | -$292K | $397K | -$77K | -$3.53M | -$454K | -$339K | -$253K | -$342K | -$1.22M | -$415K | -$399K | -$169K | -$1.79M | -$825K |
| Net Income Margin | - | 7935.2% | - | -888.7% | -126.8% | -64.6% | -56.4% | -709.3% | - | - | - | - | -5277.9% | -1195.7% |
| Supplementary Data | ||||||||||||||
| EPS | -0.00 | 0.00 | -0.00 | -0.06 | -0.06 | -0.33 | -0.25 | -0.35 | -1.41 | -0.55 | -0.58 | -0.32 | -3.55 | -1.66 |
| Diluted EPS | -0.00 | 0.00 | -0.00 | -0.06 | -0.06 | -0.33 | -0.25 | -0.35 | -1.41 | -0.55 | -0.58 | -0.32 | -3.55 | -1.66 |
| Weighted Average OS | 4.37B | 4.35B | 4.36B | 56.33M | 7.76M | 1.04M | 994,064 | 968,625 | 866,332 | 760,537 | 689,701 | 524,126 | 502,581 | 498,054 |
| EBITDA | -$435K | $519K | -$64K | -$2.74M | -$366K | -$169K | -$119K | -$263K | -$685K | -$389K | -$282K | -$237K | -$139K | -$501K |
| EBITDA Margin | - | 10376.8% | - | -689.8% | -102.2% | -32.1% | -26.5% | -544.8% | - | - | - | - | -410.8% | -726.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $12K | $10K | $8K | $52K | $9K | $43K | $205K | $12K | $90K | $3K | $340 | $2K | $8K | $1K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $12K | $10K | $8K | $52K | $9K | $43K | $205K | $12K | $90K | $3K | $340 | $2K | $8K | $1K |
| Accounts Receivable | $0 | $0 | $0 | $5K | $31K | $61K | $52K | $32K | $0 | $0 | $0 | $0 | $414 | $151K |
| Inventory | $0 | $0 | $0 | $74K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10K | $0 |
| Other Current Assets | $0 | $0 | $0 | $100 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K |
| Total Current Assets | $146K | $17K | $8K | $1.1M | $183K | $104K | $257K | $44K | $90K | $3K | $340 | $2K | $18K | $157K |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $438K | $432.24M | $122K | $112K | $304K | $398K | $371K | $278K | $926 | $1K | $2K | $0 | $34K | $136K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $4K | $31K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $145K | $1.55M |
| Long-Term Investments | $51K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10K | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$10K | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $433.19M | $0 | $0 | $1.02M | $281K | $98K | $0 | $0 | $0 | $10K | $0 | $0 | $55K | $3K |
| Total Long-Term Assets | $433.68M | $432.24M | $122K | $1.13M | $595K | $497K | $371K | $278K | $927 | $11K | $2K | $0 | $233K | $1.69M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $433.83M | $432.26M | $129K | $2.23M | $778K | $601K | $628K | $322K | $91K | $15K | $2K | $2K | $252K | $1.85M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $49K | $31K | $0 | $232K | $204K | $128K | $171K | $113K | $86K | $184K | $142K | $103K | $7K | $65K |
| Short-Term Debt | $0 | $0 | $0 | $543K | $20K | $398K | $374K | $329K | $256K | $259K | $229K | $55K | $63K | $21K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $119K | $0 | $334K | $0 | $0 | $0 | $0 | $0 | $0 | $19K | $0 |
| Other Current Liabilities | $5M | $5M | $20K | $245K | $373K | $417K | $301K | $0 | $98K | $120K | $55K | -$55K | $215K | $81K |
| Total Current Liabilities | $5.05M | $5.03M | $20K | $1.33M | $608K | $943K | $847K | $657K | $440K | $564K | $426 | $188 | $304K | $167K |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $16K | $146K | $1.02M | $30K | $0 | $0 | $0 | $0 | $0 | $26K | $33K | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $113K | $12K | $12K | $11K | $11K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $16K | $146K | $1.02M | $143K | $12K | $12K | $11K | $11K | $0 | $26K | $33K | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $5.06M | $5.18M | $1.04M | $1.47M | $620K | $955K | $858K | $668K | $440K | $589K | $459K | $188K | $304K | $167K |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $105 | $173.02M | $70K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $3.89M | $3.89M | $3.89M | $89K | $45K | $53K | $50K | $49K | $48K | $39K | $36K | $33K | $25K | $25K |
| Retained Earnings | -$4.76M | -$4.47M | -$4.87M | -$9.8M | -$6.27M | -$5.81M | -$5.47M | -$5.22M | -$4.88M | -$3.66M | -$3.24M | -$2.85M | $0 | $0 |
| Comprehensive Income & Other | $0 | $0 | -$3.89M | -$186 | -$16K | -$28K | -$25K | $0 | $0 | $0 | $0 | $0 | -$2.68M | -$891K |
| Other Stockholders' Equity | $429.64M | $427.66M | $70K | $10.47M | $6.38M | $5.41M | $5.19M | $4.82M | $4.48M | $3.05M | $2.75M | $2.63M | -$78K | $1.66M |
| Total Equity | $428.77M | $427.08M | -$909K | $760K | $158K | -$354K | -$230K | -$346K | -$349K | -$575K | -$457K | -$186K | -$53K | $1.68M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $433.83M | $432.26M | $129K | $2.23M | $778K | $601K | $628K | $322K | $91K | $15K | $2K | $2K | $252K | $1.85M |
| Supplementary Data | ||||||||||||||
| Total Debt | $16K | $146K | $1.02M | $572K | $20K | $445K | $394K | $329K | $256K | $285K | $229K | $55K | $63K | $21K |
| Net Debt | $4K | $135K | $1.01M | $520K | $11K | $402K | $189K | $317K | $165K | $282K | $229 | $54K | $55K | $20K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$292K | $397K | -$77K | -$2.94M | -$454K | -$339K | -$253K | -$342K | -$1.22M | -$415K | -$399K | -$169K | -$1.79M | -$825K |
| Depreciation & Amortization | $0 | $122K | $11K | $20K | $59K | $124K | $94K | $6K | $370 | $370 | $185 | $0 | $321K | $324K |
| Deferred Income Tax | $0 | $0 | $0 | $162K | $87K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $82K | $0 | $0 | $939K | $24K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | -$6K | $12K | -$4K | $30K | -$10K | -$20K | -$32K | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $30K | $43K | $47K | $40K | $0 | $0 | $0 | $0 | $0 | -$10K | $0 |
| Accounts Payable | $0 | $0 | $0 | $195K | $124K | $56K | $100K | $158K | -$41K | $94K | $0 | $0 | $0 | $0 |
| Other Working Capital | $47K | $5.01M | -$2K | $366K | $43K | $36K | $66K | $31K | $32K | $25K | $0 | $0 | $43K | $0 |
| Total Working Capital Change | $47K | $5M | $10K | $392K | $198K | $83K | $146K | $158K | -$9K | $119K | $97K | $96K | $33K | $65K |
| Other Non-Cash Items | -$143K | -$901K | $0 | $1.22M | $40K | $0 | $0 | $54K | $884K | $183K | $100K | $75K | $1.34M | $401K |
| Net Cash from Operating | -$306K | $4.62M | -$56K | -$369K | -$46K | -$133K | -$13K | -$124K | -$342K | -$113K | -$201K | $2K | -$88K | -$35K |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$12K | -$432.24M | $0 | -$4K | $0 | -$190K | -$343K | -$272K | -$417K | -$10K | -$2K | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | -$85K | $36K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$85K | $0 | $0 | $0 | $0 | -$417K | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | -$20K | $0 | $0 | $0 | $0 | $0 | -$10K | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$12K | -$432.24M | $0 | -$109K | $36K | -$190K | -$343K | -$272K | -$417K | -$10K | -$2K | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$113K | -$28K | - | -$506K | - | - | - | - | $6K | $7K | -$6K | - | - | -$21K |
| Common Stock Issuance | $206K | $427.59M | $54K | $54K | $0 | $160K | $550K | $318K | $352K | $133K | $0 | $0 | $50K | $15K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $54K | -$28K | -$19K | $0 | $0 | $0 | $0 | $133K | $0 | $0 | $3K | $0 |
| Net Cash from Financing | $319K | $427.62M | $54K | $531K | -$22K | $160K | $550K | $318K | $846K | $126K | $202K | -$8K | $95K | $36K |
| Forex Effect | $0 | $0 | $0 | -$168 | -$881 | $734 | -$985 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $1K | $3K | -$45K | $43K | -$34K | -$162K | $193K | -$78K | $87K | $3K | -$1K | -$6K | $7K | $930 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$306K | $4.62M | -$56K | -$369K | -$46K | -$133K | -$13K | -$124K | -$342K | -$113K | -$201K | $2K | -$88K | -$35K |
| Capital Expenditure | -$12K | -$432.24M | $1 | -$4K | $0 | -$190K | -$343K | -$272K | -$417K | -$10K | -$2K | $0 | $0 | $0 |
| Free Cash Flow | -$318K | -$427.62M | -$56K | -$374K | -$46K | -$323K | -$356K | -$396K | -$759K | -$123K | -$203K | $2K | -$88K | -$35K |
| Cash at Beginning | $10K | $8K | $52K | $9K | $43K | $205K | $12K | $90K | $3K | $340 | $2K | $8K | $1K | $388 |
| Cash at End | $12K | $10K | $8K | $52K | $9K | $43K | $205K | $12K | $90K | $3K | $340 | $2K | $8K | $1K |