MINERALRITE Corp (RITE) Form 10-Q — Nov 2, 2026
MineralRite's Q3 2026 10-Q discloses substantial doubt about its ability to continue as a going concern, with just $7,617 in cash, zero revenue, and $5.1 million of current liabilities. Management said external financing is required to fund operations for the next twelve months. The company also concluded its disclosure controls were not effective due to a previously reported material weakness in accounting for non-routine transactions, and it revised prior-period cash-flow presentation after non-cash transactions were incorrectly shown as cash items. On September 30, 2026, the company completed a large non-cash related-party transaction with entities tied to Lloyd B.
Key figures
- Revenue
- 0
- Net Income
- 358577
- Total Debt
- 41920
- Total Assets
- 246409517
- Cash Position
- 7617
- Shares Outstanding
- 6249776842
- Total liabilities
- 5259068
- Hendricks voting cap pct
- 45
- Royalty disposition gain
- 507442
- Unpaid series a dividends
- 128025
- Potential shares if all converted
- 18514000000
- Series nmc repurchase price total
- 106724942
- Hendricks fully diluted ownership pct
- 48.5
- Series nmc repurchase excess over par
- 8740242
AI analysis
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