XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
3 Months Ended 8 Months Ended 9 Months Ended 20 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2013
Consolidated Statements Of Operations          
Revenue $ 66,580 $ 2,959 $ 54,900 $ 66,580 $ 121,484
Cost of goods sold (168,228) 0 0 (168,228) (168,228)
Gross profit (101,648) 2,959 54,900 (101,648) (46,746)
Operating expenses          
General and administrative 409,420 725,285 1,637,984 1,001,076 3,051,874
Depreciation 88,139 25,894 57,821 205,266 290,978
Payroll 311,766 419,730 1,045,508 1,094,763 2,535,732
Legal and accounting 127,832 389,767 489,721 282,405 810,883
Mining costs 9,585 58,210 127,568 41,919 229,668
Research & development 2,726 557 4,244 3,391 80,259
Total expenses 949,467 1,619,443 3,362,846 2,628,818 6,999,392
Loss from operations (1,051,115) (1,616,484) (3,307,946) (2,730,466) (7,046,138)
Net change in fair value of preferred stock derivative liability (172,208) 0 0 94,386 94,386
Foreign tax expense (186,079) 0 0 (186,079) (186,079)
Interest expense (49,006) (2,859) (4,023) (283,780) (355,101)
Net loss (1,458,408) (1,619,343) (3,311,969) (3,105,939) (7,492,931)
Net loss attributable to minority interest (368,848) (430,177) (953,747) (850,568) (2,109,682)
Net loss attributable to Lustros, Inc. $ (1,089,560) $ (1,189,166) $ (2,358,222) $ (2,255,371) $ (5,383,249)
Loss per share, basic $ (0.02) $ (0.02) $ (0.06) $ (0.03)  
Weighted average common shares, basic 90,955,692 70,575,212 55,076,483 90,099,911