v3.24.1.1.u2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2024	Sep. 30, 2023
CURRENT ASSETS:
Cash	$ 91,612	$ 98,224
Prepaid expenses and other current assets	137,294	8,130
TOTAL CURRENT ASSETS	228,906	106,354
Property, mineral rights, and equipment, net	14,191,178	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	14,949,927	14,795,875
CURRENT LIABILITIES:
Accounts payable	68,107	83,867
Accrued expenses	12,970	6,245
Accrued payroll, benefits and taxes	206,827	123,943
TOTAL CURRENT LIABILITIES	287,904	214,055
LONG-TERM LIABILITIES:
Asset retirement obligation	147,640	144,040
TOTAL LONG-TERM LIABILITIES	147,640	144,040
TOTAL LIABILITIES	435,544	358,095
COMMITMENTS AND CONTINGENCIES (Note 7)	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	(77,037,964)	(76,480,898)
TOTAL STOCKHOLDERS' EQUITY	14,514,383	14,437,780
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 14,949,927	$ 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