Going concern
Filing comparison
Fortitude Gold Corp disclosed substantial doubt about its ability to continue as a going concern
No going-concern disclosure → Substantial doubt about ability to continue as a going concern
As of December 31, 2025, the Company has experienced negative cash flows from operations primarily due to permitting delays. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. In response, the Company completed a private placement of common stock, issuing 2,520,206 shares for gross proceeds of $12.0 million and net proceeds of $11.7 million after placement agent fees and offering expenses. Management believes the proceeds from the private placement will provide sufficient liquidity to enable the Company to meet its obligations for at least…
Evidence
- Blank check
- No
- Comparable
- Yes
- Current state
- substantial_doubt
- Current state label
- Substantial doubt about ability to continue as a going concern
- Direction
- escalated
- Located in
- filing body
- Prior filed
- 2025-02-25
- Prior form
- 10-K
- Prior state
- none
- Prior state label
- No going-concern disclosure
- Source
- ASC 205-40 going-concern note comparison
- Why
- Disclosure about the company's ability to continue as a going concern changed compared with its previous report.