Document And Entity Information
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Is Entity a Well-known Seasoned Issuer?
Is Entity a Voluntary Filer?
Is Entity's Reporting Status Current?
Entity Filer Category
Entity Public Float
Entity Common Stock, Shares Outstanding
Amendment Description
Document Fiscal Period Focus
Document Fiscal Year Focus
Statement of Financial Position [Abstract]
ASSETS
Current assets:
Cash
Accounts receivable
Inventory
Total current assets
Fixed Assets
Furniture and Equipment
Computer Equipment
Leasehold Improvements
Total Fixed Assets
Less Accumulated Depreciation
Net Fixed Assets
Other Assets
Mining Claims
Other assets (restated)
Total Other Assets
Total assets
LIABILITIES
Current liabilities:
Accounts payable and accrued expenses
Accrued taxes
Notes payable
Total current liabilities
Long-term liabilities:
Convertible Debentures (restated)
Total long-term liabilities
Total liabilities
STOCKHOLDERS' EQUITY
Common stock, $0.001 par value, 150,000,000 authorized, 69,574,104 and 67,277,224 shares issued and outstanding
Capital in excess of par value (restated)
Deficit accumulated during the development stage (restated)
Total stockholders' equity
Total liabilities and stockholders' deficit
COMMON STOCK
Common stock, par value
Common stock, authorized
Common stock, issued
Income Statement [Abstract]
REVENUE
Revenue
General and administrative expenses:
Salaries
Depreciation and Amortization
Mineral Property Expenditures
Legal and professional fees
Marketing and Advertising
Insurance
Dues and Subscriptions
Taxes
Other general and administrative
Total operating expenses
(Loss) from operations
Other income (expense):
Interest Income
Currency losses
Interest (expense) (restated)
(Loss) before taxes
Provision (credit) for taxes on income
Net (loss)
Basic earnings (loss) per common share
Weighted average number of shares outstanding
Statement of Cash Flows [Abstract]
Cash flows from operating activities:
Net (loss)
Adjustments to reconcile net (loss) to cash provided (used) by developmental stage activities:
Expenses paid by issuance of Common Stock:
Amortization of bond discount and OID
Depreciation and Amortization
Change in current assets and liabilities:
Accounts payable and accrued expenses
Net cash flows from operating activities
Cash flows from investing activities:
Purchase of fixed assets
Purchase of Mining Rights
Net cash flows from investing activities
Cash flows from financing activities:
Proceeds from sale of common stock
Convertible debenture, net of OID
Stock subscription payable
Advances from shareholder
Proceeds/(Payment) of notes payable
Net cash flows from financing activities
Net cash flows
Cash and equivalents, beginning of period
Cash and equivalents, end of period
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS FOR:
Interest
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING AND INVESTING:
Stock issued to acquire assets
Shares issued to settle convertible debenture
Notes to Financial Statements
Organization and summary of significant accounting policies:
Uncertainty, going concern:
Restatement
Federal income tax:
Cumulative sales of stock:
Employment and Consulting Agreements:
Financing Agreement:
Mining Rights:
Notes Payable:
Convertible Debentures:
Placement Agent:
Subsequent Events:
New accounting pronouncements:
Assets, Current
Assets, Noncurrent
AssetsNoncurrentNet
Other Assets, Noncurrent
Assets
Liabilities, Current
Liabilities, Noncurrent
Liabilities
Stockholders' Equity Attributable to Parent
Liabilities and Equity
Operating Expenses
Operating Income (Loss)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest
IncreaseDecreaseInDepreciationAndAmortization
Increase (Decrease) in Accounts Payable and Accrued Liabilities
Net Cash Provided by (Used in) Operating Activities
Net Cash Provided by (Used in) Investing Activities
Net Cash Provided by (Used in) Financing Activities
Cash and Cash Equivalents, Period Increase (Decrease)