2.4.0.8000230 - Disclosure - Note 2 - Significant Accounting Policies: Basic and Diluted Net Loss Per Share (Policies)truefalsefalse1false falsefalseD120701_130630http://www.sec.gov/CIK0001407583duration2012-07-01T00:00:002013-06-30T00:00:001true 1us-gaap_PolicyTextBlockAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Policies2false 2us-gaap_EarningsPerSharePolicyTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00i. Basic and diluted net loss per share   The Company computes net loss per share of common stock in accordance with ASC 260, Earnings per Share (ASC 260). Under the provisions of ASC 260, basic net income (loss) per share is computed using the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and warrants and the conversion of convertible promissory notes. Stock options of 6,950,000 as of June 30, 2013 and warrants in the amount of 9,607,500 as of June 30, 2013 were considered in the calculation but not included due to anti-dilution. The dilutive effect of these instruments is reflected in diluted earnings per share by application of the treasury stock method.    The Companys calculation of basic and diluted loss per share is as follows:   <table border="0" cellspacing="0" cellpadding="0" width="679" style='width:509.4pt;border-collapse:collapse'> <tr style='height:9.8pt'> <td width="22" valign="top" style='width:16.25pt;padding:0in 5.4pt 0in 5.4pt;height:9.8pt'>   </td> <td width="267" colspan="2" valign="top" style='width:200.2pt;padding:0in 5.4pt 0in 5.4pt;height:9.8pt'>   </td> <td width="23" valign="top" style='width:17.4pt;padding:0in 5.4pt 0in 5.4pt;height:9.8pt'>   </td> <td width="367" colspan="3" valign="top" style='width:275.55pt;padding:0in 5.4pt 0in 5.4pt;height:9.8pt'> For the Years Ended </td> </tr> <tr style='height:10.75pt'> <td width="22" valign="top" style='width:16.25pt;padding:0in 5.4pt 0in 5.4pt;height:10.75pt'>   </td> <td width="267" colspan="2" valign="top" style='width:200.2pt;padding:0in 5.4pt 0in 5.4pt;height:10.75pt'>   </td> <td width="23" valign="top" style='width:17.4pt;padding:0in 5.4pt 0in 5.4pt;height:10.75pt'>   </td> <td width="175" valign="bottom" style='width:131.55pt;padding:0in 5.4pt 0in 5.4pt;height:10.75pt'> June 30, 2013 </td> <td width="22" valign="bottom" style='width:16.75pt;padding:0in 5.4pt 0in 5.4pt;height:10.75pt'>   </td> <td width="170" valign="bottom" style='width:127.25pt;padding:0in 5.4pt 0in 5.4pt;height:10.75pt'> June 30, 2012 </td> </tr> <tr style='height:10.75pt'> <td width="289" colspan="3" valign="top" style='width:216.45pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:10.75pt'> Basic Earnings per share: </td> <td width="23" valign="top" style='width:17.4pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:10.75pt'>   </td> <td width="175" valign="top" style='width:131.55pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:10.75pt'>   </td> <td width="22" valign="top" style='width:16.75pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:10.75pt'>   </td> <td width="170" valign="top" style='width:127.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:10.75pt'>   </td> </tr> <tr style='height:15.3pt'> <td width="22" valign="top" style='width:16.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.3pt'>   </td> <td width="267" colspan="2" valign="top" style='width:200.2pt;padding:0in 5.4pt 0in 5.4pt;height:15.3pt'> Income (Loss) (numerator) </td> <td width="23" valign="top" style='width:17.4pt;padding:0in 5.4pt 0in 5.4pt;height:15.3pt'> $ </td> <td width="175" valign="top" style='width:131.55pt;padding:0in 5.4pt 0in 5.4pt;height:15.3pt'> (3,279,604) </td> <td width="22" valign="top" style='width:16.75pt;padding:0in 5.4pt 0in 5.4pt;height:15.3pt'> $ </td> <td width="170" valign="top" style='width:127.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.3pt'>                 (3,945,920) </td> </tr> <tr style='height:10.75pt'> <td width="22" valign="top" style='width:16.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:10.75pt'>   </td> <td width="290" colspan="3" valign="top" style='width:217.6pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:10.75pt'> Shares (denominator) </td> <td width="175" valign="top" style='width:131.55pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:10.75pt'> 82,945,754 </td> <td width="22" valign="top" style='width:16.75pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:10.75pt'>   </td> <td width="170" valign="top" style='width:127.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:10.75pt'> 75,705,683 </td> </tr> <tr style='height:12.15pt'> <td width="22" valign="top" style='width:16.25pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> <td width="251" valign="top" style='width:188.4pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> Per Share Amount </td> <td width="23" valign="top" style='width:17.4pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> $ </td> <td width="175" valign="top" style='width:131.55pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> (0.04) </td> <td width="22" valign="top" style='width:16.75pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> $ </td> <td width="170" valign="top" style='width:127.25pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> (0.05) </td> </tr> <tr style='height:12.15pt'> <td width="679" colspan="7" valign="top" style='width:509.4pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> </tr> <tr style='height:16.65pt'> <td width="22" valign="top" style='width:16.25pt;padding:0in 5.4pt 0in 5.4pt;height:16.65pt'>   </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:16.65pt'>   </td> <td width="251" valign="top" style='width:188.4pt;padding:0in 5.4pt 0in 5.4pt;height:16.65pt'>   </td> <td width="23" valign="top" style='width:17.4pt;padding:0in 5.4pt 0in 5.4pt;height:16.65pt'>   </td> <td width="367" colspan="3" valign="bottom" style='width:275.55pt;padding:0in 5.4pt 0in 5.4pt;height:16.65pt'> For the Years Ended </td> </tr> <tr style='height:12.15pt'> <td width="22" valign="top" style='width:16.25pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> <td width="251" valign="top" style='width:188.4pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> <td width="23" valign="top" style='width:17.4pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> <td width="175" valign="bottom" style='width:131.55pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> June 30, 2013 </td> <td width="22" valign="bottom" style='width:16.75pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> <td width="170" valign="bottom" style='width:127.25pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> June 30, 2012 </td> </tr> <tr style='height:12.15pt'> <td width="289" colspan="3" valign="bottom" style='width:216.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> Fully Diluted Earnings per share: </td> <td width="23" valign="bottom" style='width:17.4pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> <td width="175" valign="bottom" style='width:131.55pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> <td width="22" valign="bottom" style='width:16.75pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> <td width="170" valign="bottom" style='width:127.25pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> </tr> <tr style='height:12.15pt'> <td width="22" valign="bottom" style='width:16.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> <td width="267" colspan="2" valign="bottom" style='width:200.2pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> Income (Loss) (numerator) </td> <td width="23" valign="bottom" style='width:17.4pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> $ </td> <td width="175" valign="bottom" style='width:131.55pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> (3,279,604) </td> <td width="22" valign="bottom" style='width:16.75pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> $ </td> <td width="170" valign="bottom" style='width:127.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>    (3,945,920) </td> </tr> <tr style='height:12.15pt'> <td width="22" valign="bottom" style='width:16.25pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> <td width="267" colspan="2" valign="bottom" style='width:200.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> Shares (denominator) </td> <td width="23" valign="bottom" style='width:17.4pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> <td width="175" valign="bottom" style='width:131.55pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> 82,945,754 </td> <td width="22" valign="bottom" style='width:16.75pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> <td width="170" valign="bottom" style='width:127.25pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>                  75,705,683 </td> </tr> <tr style='height:12.15pt'> <td width="22" valign="bottom" style='width:16.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> <td width="16" valign="bottom" style='width:11.8pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>   </td> <td width="251" valign="bottom" style='width:188.4pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> Per Share Amount </td> <td width="23" valign="bottom" style='width:17.4pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> $ </td> <td width="175" valign="bottom" style='width:131.55pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> (0.04) </td> <td width="22" valign="bottom" style='width:16.75pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> $ </td> <td width="170" valign="bottom" style='width:127.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'>                         (0.05) </td> </tr> </table>  falsefalsefalsenonnum:textBlockItemTypenaDisclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2144384 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 false0Basic and Diluted Net Loss Per SharefalseNote 2 - Significant Accounting Policies: Basic and Diluted Net Loss Per Share (Policies)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.libertysilvercorp.com/20130630/role/idr_DisclosureNote2SignificantAccountingPoliciesBasicAndDilutedNetLossPerSharePolicies12