$ATLX
Atlas Lithium Corp

2014 Q4 Form 10-Q Financial Statement

#000114420414069289 Filed on November 17, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q4
Revenue $90.00K $302.4K $370.0K
YoY Change -75.68% 14.03%
Cost Of Revenue $280.0K $93.84K $230.0K
YoY Change 21.74% -32.99%
Gross Profit -$190.0K $208.6K $150.0K
YoY Change -226.67% 65.47%
Gross Profit Margin -211.11% 68.97% 40.54%
Selling, General & Admin $670.0K $340.0K $350.0K
YoY Change 91.43% 70.0%
% of Gross Profit 163.02% 233.33%
Research & Development $0.00 $0.00 $770.0K
YoY Change -100.0% -100.0%
% of Gross Profit 0.0% 513.33%
Depreciation & Amortization $0.00 $0.00 $0.00
YoY Change
% of Gross Profit 0.0% 0.0%
Operating Expenses $670.0K $342.0K $1.120M
YoY Change -40.18% 54.39%
Operating Profit -$860.0K -$133.4K -$970.0K
YoY Change -11.34% 52.97%
Interest Expense -$870.0K -$160.0K -$20.00K
YoY Change 4250.0%
% of Operating Profit
Other Income/Expense, Net $0.00 -$162.0K $0.00
YoY Change
Pretax Income -$1.740M -$295.4K -$1.000M
YoY Change 74.0% 209.51%
Income Tax $10.00K $0.00 -$10.00K
% Of Pretax Income
Net Earnings -$1.750M -$336.1K -$720.0K
YoY Change 143.06% 156.78%
Net Earnings / Revenue -1944.44% -111.15% -194.59%
Basic Earnings Per Share
Diluted Earnings Per Share -$10.94M -$1.889M -$5.143M
COMMON SHARES
Basic Shares Outstanding 99.58M shares 84.62M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.00K $140.0K $100.0K
YoY Change -80.0% -56.25%
Cash & Equivalents $20.00K $140.0K $100.0K
Short-Term Investments
Other Short-Term Assets $120.0K $300.0K $43.22K
YoY Change 177.62%
Inventory $210.0K $437.2K $146.2K
Prepaid Expenses $203.1K $0.00
Receivables $0.00
Other Receivables
Total Short-Term Assets $540.0K $1.051M $340.3K
YoY Change 58.67% 13.04% -60.57%
LONG-TERM ASSETS
Property, Plant & Equipment $520.0K $606.8K $430.1K
YoY Change 20.91% 29.1%
Goodwill
YoY Change
Intangibles $134.6K $139.7K
YoY Change -85.5%
Long-Term Investments $160.0K $150.0K
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $810.0K $886.6K $569.7K
YoY Change 42.17% -44.38% -28.78%
TOTAL ASSETS
Total Short-Term Assets $540.0K $1.051M $340.3K
Total Long-Term Assets $810.0K $886.6K $569.7K
Total Assets $1.350M $1.938M $910.1K
YoY Change 48.34% -23.22% -45.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $550.0K $280.0K $170.0K
YoY Change 223.53% 300.0% 142.86%
Accrued Expenses $278.1K $171.5K
YoY Change 178.21% 154.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $720.0K $550.0K $70.00K
YoY Change 928.57% 587.5%
Total Short-Term Liabilities $3.060M $2.141M $238.6K
YoY Change 1182.47% 1089.32% 2286.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $250.0K $500.0K
YoY Change
Total Long-Term Liabilities $250.0K $500.0K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.060M $2.141M $238.6K
Total Long-Term Liabilities $250.0K $500.0K $0.00
Total Liabilities $3.310M $2.641M $238.6K
YoY Change 1287.25% 1332.05% 253.68%
SHAREHOLDERS EQUITY
Retained Earnings -$40.67M -$38.98M
YoY Change 8.56% 8.39%
Common Stock $98.49K $74.64K
YoY Change 38.76% 6.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.960M -$703.0K $261.5K
YoY Change
Total Liabilities & Shareholders Equity $1.350M $1.938M $910.1K
YoY Change 48.34% -23.22% -45.28%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q4
OPERATING ACTIVITIES
Net Income -$1.750M -$336.1K -$720.0K
YoY Change 143.06% 156.78%
Depreciation, Depletion And Amortization $0.00 $0.00 $0.00
YoY Change
Cash From Operating Activities -$320.0K -$290.0K $0.00
YoY Change 262.5%
INVESTING ACTIVITIES
Capital Expenditures $90.00K -$480.0K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$30.00K -$110.0K $0.00
YoY Change 266.67% -100.0%
Cash From Investing Activities $50.00K -$590.0K $0.00
YoY Change 1375.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 230.0K 500.0K 0.000
YoY Change 455.56%
NET CHANGE
Cash From Operating Activities -320.0K -290.0K 0.000
Cash From Investing Activities 50.00K -590.0K 0.000
Cash From Financing Activities 230.0K 500.0K 0.000
Net Change In Cash -40.00K -380.0K 0.000
YoY Change 1166.67% -100.0%
FREE CASH FLOW
Cash From Operating Activities -$320.0K -$290.0K $0.00
Capital Expenditures $90.00K -$480.0K $0.00
Free Cash Flow -$410.0K $190.0K $0.00
YoY Change -337.5%

Facts In Submission

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dei Entity Central Index Key
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dei Document Type
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dei Amendment Flag
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us-gaap Use Of Estimates
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="center"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><u><font style="FONT-SIZE: 10pt">Use of Estimates</font></u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingencies at the date of the financial statements and the reported amount of revenues and expenses during the reporting period.&#160;&#160;Actual results may differ from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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us-gaap Comprehensive Income Net Of Tax
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CY2014Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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0 USD
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bmix Payment Of Advances
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72784 USD
bmix Payment Of Advances
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us-gaap Increase Decrease In Intangible Assets Current
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9342 USD
us-gaap Increase Decrease In Intangible Assets Current
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0 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Increase Decrease In Income Taxes Receivable
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9965 USD
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0 USD
us-gaap Increase Decrease In Customer Advances And Deposits
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us-gaap Increase Decrease In Customer Advances And Deposits
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0 USD
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291076 USD
us-gaap Increase Decrease In Inventories
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106301 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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113224 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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3181 USD
us-gaap Increase Decrease In Deferred Revenue
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991230 USD
us-gaap Increase Decrease In Deferred Revenue
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0 USD
CY2014Q3 us-gaap Deferred Revenue
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us-gaap Deferred Revenue Revenue Recognized
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Payments For Capital Improvements
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us-gaap Proceeds From Loans
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0 USD
us-gaap Proceeds From Loans
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us-gaap Proceeds From Issuance Of Common Stock
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0 USD
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0 USD
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53359 USD
us-gaap Payments Of Stock Issuance Costs
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0 USD
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PaymentsOfStockIssuanceCosts
0 USD
us-gaap Proceeds From Notes Payable
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1059000 USD
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100000 USD
us-gaap Repayments Of Notes Payable
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25000 USD
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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1427000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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28947 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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37094 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2012Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
863189 USD
CY2013Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
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us-gaap Interest Paid
InterestPaid
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us-gaap Interest Paid
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us-gaap Income Taxes Paid
IncomeTaxesPaid
16998 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
bmix Loan Receivable Converted To Interest In Mineral Property Rights
LoanReceivableConvertedToInterestInMineralPropertyRights
0 USD
bmix Loan Receivable Converted To Interest In Mineral Property Rights
LoanReceivableConvertedToInterestInMineralPropertyRights
800000 USD
us-gaap Stock Issued1
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us-gaap Stock Issued1
StockIssued1
580000 USD
bmix Share Options Issued As Prepaid Expense
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150942 USD
bmix Share Options Issued As Prepaid Expense
ShareOptionsIssuedAsPrepaidExpense
0 USD
us-gaap Stock Issued During Period Value Other
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us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
0 USD
us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
43868 USD
us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
0 USD
us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
212100 USD
us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
0 USD
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
15000000 shares
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
460663 USD
CY2014Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
56914 USD
CY2014Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
497002 USD
CY2014Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
508105 USD
CY2014Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
163918 USD
CY2014Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
202244 USD
CY2014Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
1023695 USD
CY2014Q3 us-gaap Exploration Costs
ExplorationCosts
0 USD
CY2013Q3 us-gaap Exploration Costs
ExplorationCosts
23470 USD
us-gaap Exploration Costs
ExplorationCosts
0 USD
us-gaap Exploration Costs
ExplorationCosts
62591 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-133390 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-95449 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1435134 USD
CY2014Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
228 USD
CY2013Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
0 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
0 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
0 USD
CY2013Q3 bmix Long Term Commitment Minimum Ownership Percentage Required
LongTermCommitmentMinimumOwnershipPercentageRequired
0.75 pure
CY2013Q3 bmix Longterm Commitment Amount
LongtermCommitmentAmount
875000 BRL
bmix Longterm Commitment Amount
LongtermCommitmentAmount
357000 USD
CY2013Q3 bmix Long Term Commitment Common Stock Value
LongTermCommitmentCommonStockValue
125000 BRL
bmix Long Term Commitment Common Stock Value
LongTermCommitmentCommonStockValue
51000 USD
CY2013Q2 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
5000 shares
CY2013Q2 bmix Stock Issued During Period Value Issued For Mineral Exploration Costs
StockIssuedDuringPeriodValueIssuedForMineralExplorationCosts
2750 USD
CY2014Q1 bmix Proceeds From Sale Of Polished And Graded Diamonds
ProceedsFromSaleOfPolishedAndGradedDiamonds
500000 USD
CY2014Q1 bmix Trading Securities Pledged As Collateral Shares
TradingSecuritiesPledgedAsCollateralShares
11000000 shares
CY2014Q1 us-gaap Trading Securities Pledged As Collateral
TradingSecuritiesPledgedAsCollateral
990000 USD
CY2014Q1 us-gaap Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
3000000 shares
CY2014Q1 us-gaap Share Price
SharePrice
0.12
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
0.33 pure
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Expiration Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate
2016-03-04
CY2014Q1 us-gaap Fair Value Assumptions Exercise Price
FairValueAssumptionsExercisePrice
0.12
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
93280 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.09
CY2014Q1 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0 pure
CY2014Q1 us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
0.7756 pure
CY2014Q1 us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.0078 pure
CY2014Q1 us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P2Y
CY2013Q1 us-gaap Fair Value Assumptions Exercise Price
FairValueAssumptionsExercisePrice
0.66
CY2014Q2 bmix Proceeds From Sale Of Polished And Graded Diamonds
ProceedsFromSaleOfPolishedAndGradedDiamonds
500000 USD
CY2014Q2 bmix Trading Securities Pledged As Collateral Shares
TradingSecuritiesPledgedAsCollateralShares
8000000 shares
CY2014Q2 us-gaap Trading Securities Pledged As Collateral
TradingSecuritiesPledgedAsCollateral
800000 USD
CY2013Q2 us-gaap Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
3750000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.12
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
57662 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.09
CY2014Q2 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0 pure
CY2014Q2 us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
0.7756 pure
CY2014Q2 us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.0011 pure
CY2014Q2 us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P2Y
CY2013Q2 us-gaap Cost Of Goods Sold Amortization
CostOfGoodsSoldAmortization
337500 USD
us-gaap Share Based Goods And Nonemployee Services Transaction Shares Approved For Issuance
ShareBasedGoodsAndNonemployeeServicesTransactionSharesApprovedForIssuance
123578 shares
us-gaap Share Based Goods And Nonemployee Services Transaction Shares Approved For Issuance
ShareBasedGoodsAndNonemployeeServicesTransactionSharesApprovedForIssuance
851745 shares
us-gaap Share Based Goods And Nonemployee Services Transaction Stockholders Equity
ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity
8281 USD
us-gaap Share Based Goods And Nonemployee Services Transaction Stockholders Equity
ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity
37116 USD
CY2014Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
25000 USD
CY2014Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
53702 USD
CY2014Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
244000 USD
CY2014Q1 bmix Warrants Issued To Purchase Of Common Stock
WarrantsIssuedToPurchaseOfCommonStock
488000 shares
CY2014Q1 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
DebtInstrumentConvertibleTermsOfConversionFeature
the lower of $0.11 per share or 60% of the lowest closing share price in the 20 days before the conversion date
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
57886 USD
CY2014Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
244000 USD
CY2014Q1 bmix Warrants Par Value Per Share
WarrantsParValuePerShare
0.001
CY2014Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
222500 USD
CY2014Q1 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0 pure
CY2014Q1 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0 pure
CY2014Q1 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
DebtInstrumentConvertibleTermsOfConversionFeature
lower of $0.11 per share or 75% of the lowest traced price in the 20 days before the conversion date
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
13026 USD
CY2014Q3 us-gaap Other Inventory Capitalized Costs
OtherInventoryCapitalizedCosts
41668 USD
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
74639834 shares
CY2013Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
33563 USD
CY2014Q1 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.12 pure
CY2014Q3 us-gaap Share Price
SharePrice
0.10
CY2014Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
27500 USD
CY2014Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2500 USD
CY2014Q1 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
29084 USD
us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
9629 USD
CY2014Q1 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0 pure
CY2014Q1 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
DebtInstrumentConvertibleTermsOfConversionFeature
lower of $0.07 per share or 60% of the lowest volume weighted average share price in the 20 days before the conversion date.
CY2014Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
63000 USD
CY2014Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16864 USD
us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
1050000 USD
us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
0 USD
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0 USD
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
59433 USD
CY2014Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
72092 USD
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
0 USD
CY2014Q1 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.1 pure
CY2014Q1 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.1 pure
CY2014Q1 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.1 pure
CY2013 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
33.333:1 stock dividend (treated as a stock split)
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
10000 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
148003 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 USD
CY2014Q1 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
DebtInstrumentConvertibleTermsOfConversionFeature
lower of $0.11 per share or 60% of the lowest closing share price in the 20 days before the conversion date.
CY2014Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2015-03-31
CY2014Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
68148 USD
CY2014Q3 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
0 USD
CY2013Q4 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
639 USD
CY2013Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-5575 USD

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