v3.24.0.1

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Sep. 30, 2023
CURRENT ASSETS:
Cash	$ 541,493	$ 98,224
Prepaid expenses and other current assets	16,029	8,130
TOTAL CURRENT ASSETS	557,522	106,354
Property, mineral rights, and equipment, net	14,173,178	14,155,178
OTHER ASSETS:
Reclamation bonds	528,643	528,643
Deposits and other assets	1,200	5,700
TOTAL OTHER ASSETS	529,843	534,343
TOTAL ASSETS	15,260,543	14,795,875
CURRENT LIABILITIES:
Accounts payable	93,775	83,867
Accrued expenses	9,022	6,245
Accrued payroll, benefits and taxes	172,744	123,943
TOTAL CURRENT LIABILITIES	275,541	214,055
LONG-TERM LIABILITIES:
Asset retirement obligation	145,840	144,040
TOTAL LONG-TERM LIABILITIES	145,840	144,040
TOTAL LIABILITIES	421,381	358,095
COMMITMENTS AND CONTINGENCIES (Note 6)	0	0
STOCKHOLDERS' EQUITY:
Preferred stock, $ 0.01 par value; 10,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $ 0.001 par value; 500,000,000 shares authorized, 189,996,152 and 174,246,152 shares issued and outstanding, respectively	189,996	174,246
Additional paid-in capital	91,362,351	90,744,432
Accumulated deficit	(76,713,185)	(76,480,898)
TOTAL STOCKHOLDERS' EQUITY	14,839,162	14,437,780
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 15,260,543	$ 14,795,875

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Timberline Resources Corp 10-Q