Investment Thesis
Patriot Gold Corp exhibits complete operational collapse with zero revenue, negative stockholders equity of -$1.8M (technical insolvency), and negative operating cash flow of -$1.0M. The company has only $57.3K in cash against a 0.09x current ratio, indicating imminent inability to meet obligations and likely bankruptcy or liquidation within quarters.
Strengths
- Minimal cash reserves of $57.3K provide temporary runway
- Low total debt exposure limits creditor claims
- Company is in existence with filing history (not delisted)
Risks
- Zero revenue and complete operational shutdown - no business activity
- Negative stockholders equity of -$1.8M indicates technical insolvency
- Negative operating cash flow of -$1.0M with only $57.3K cash = immediate solvency crisis
- Current ratio of 0.09x - unable to cover current liabilities
- No insider trading activity suggests abandonment or regulatory restrictions
- Likely bankruptcy, restructuring, or asset liquidation proceedings
Key Metrics to Watch
- Stockholders equity trend and path to positive net worth
- Revenue restoration or new operational activity
- Cash burn rate and cash runway (currently critical)
- Bankruptcy/Chapter 11 filing status
- Management changes or strategic restructuring announcements
Financial Metrics
Revenue
0.0
Net Income
-1.9M
EPS (Diluted)
$-0.03
Free Cash Flow
-1.0M
Total Assets
179.1K
Cash
57.3K
Profitability Ratios
Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
ROE
N/A
ROA
-1,049.4%
FCF Margin
N/A
Balance Sheet & Liquidity
Current Ratio
0.09x
Quick Ratio
0.09x
Debt/Equity
N/A
Debt/Assets
0.0%
Interest Coverage
-4.17x
Long-term Debt
N/A
Disclaimer: This analysis is generated by AI based on publicly available SEC EDGAR filings.
It does not include stock price data and should not be considered financial advice.
All fundamental data is sourced from SEC public domain filings.
Always conduct your own research before making investment decisions.
Data Source: SEC EDGAR |
Analysis Date: 2026-04-14T06:42:18.067575 |
Data as of: 2025-12-31 |
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