2023 Q1 Form 10-K Financial Statement

#000121390023020383 Filed on March 16, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.316M $1.231M $5.108M
YoY Change 23.19% 43.61% 9.13%
% of Gross Profit
Research & Development $724.3K $915.4K $5.740M
YoY Change 113.88% 457.34% -27.43%
% of Gross Profit
Depreciation & Amortization $11.01K $11.02K $44.06K
YoY Change 0.04% 0.0% -0.01%
% of Gross Profit
Operating Expenses $2.079M $2.187M $10.97M
YoY Change 45.92% 110.53% -13.34%
Operating Profit -$2.079M -$10.97M
YoY Change 45.92% -13.34%
Interest Expense $626.7K -$585.2K $721.9K
YoY Change 198.99% -969.61% 185.08%
% of Operating Profit
Other Income/Expense, Net $8.223M -$8.287M -$7.852M
YoY Change -4088.26% -508.13% -149.52%
Pretax Income $5.446M -$11.06M -$19.72M
YoY Change -483.19% -1144.01% -671.26%
Income Tax $0.00
% Of Pretax Income
Net Earnings $5.446M -$11.06M -$19.72M
YoY Change -483.19% -1144.01% -671.26%
Net Earnings / Revenue
Basic Earnings Per Share $0.06 -$0.26
Diluted Earnings Per Share $0.06 -$0.14 -$0.26
COMMON SHARES
Basic Shares Outstanding 85.93M shares 79.20M shares 75.37M shares
Diluted Shares Outstanding 84.66M shares 75.37M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.591M $332.8K $332.8K
YoY Change -81.13% -98.3% -98.3%
Cash & Equivalents $3.591M $332.8K
Short-Term Investments
Other Short-Term Assets $210.6K $285.4K $285.4K
YoY Change 49.0% 42.64% 42.64%
Inventory
Prepaid Expenses $203.5K $157.0K
Receivables
Other Receivables
Total Short-Term Assets $3.801M $618.2K $618.2K
YoY Change -80.17% -96.87% -96.87%
LONG-TERM ASSETS
Property, Plant & Equipment $1.077M $1.088M $60.05M
YoY Change -91.37% 270.83% 385.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.116M
YoY Change
Total Long-Term Assets $61.16M $60.05M $60.05M
YoY Change 389.99% 385.41% 385.41%
TOTAL ASSETS
Total Short-Term Assets $3.801M $618.2K $618.2K
Total Long-Term Assets $61.16M $60.05M $60.05M
Total Assets $64.96M $60.67M $60.67M
YoY Change 105.26% 88.69% 88.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.012M $2.906M $2.906M
YoY Change 119.24% 923.17% 923.16%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $23.47M $22.84M $22.84M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $25.53M $26.76M $26.76M
YoY Change 1600.79% 2037.23% 2037.22%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $10.82M $17.42M $17.42M
YoY Change 21.71% 101.14% 101.14%
Total Long-Term Liabilities $10.82M $17.42M $17.42M
YoY Change 21.71% 101.13% 101.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.53M $26.76M $26.76M
Total Long-Term Liabilities $10.82M $17.42M $17.42M
Total Liabilities $36.35M $44.18M $44.18M
YoY Change 249.87% 345.67% 345.67%
SHAREHOLDERS EQUITY
Retained Earnings -$34.45M -$39.89M
YoY Change 97.75%
Common Stock $8.593K $7.920K
YoY Change 12.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.61M $16.49M $16.49M
YoY Change
Total Liabilities & Shareholders Equity $64.96M $60.67M $60.67M
YoY Change 105.26% 88.69% 88.69%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $5.446M -$11.06M -$19.72M
YoY Change -483.19% -1144.01% -671.26%
Depreciation, Depletion And Amortization $11.01K $11.02K $44.06K
YoY Change 0.04% 0.0% -0.01%
Cash From Operating Activities -$3.494M -$2.023M -$6.755M
YoY Change 526.9% 132.38% -38.81%
INVESTING ACTIVITIES
Capital Expenditures $265.9K $839.0K
YoY Change -509.66% -313.77%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$265.9K -$35.02M
YoY Change 309.66% 8821.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $6.752M -2.300K $22.52M
YoY Change -105.21% 35.09%
NET CHANGE
Cash From Operating Activities -$3.494M -2.023M -$6.755M
Cash From Investing Activities -265.9K -$35.02M
Cash From Financing Activities $6.752M -2.300K $22.52M
Net Change In Cash $3.258M -2.291M -$19.25M
YoY Change -684.61% 157.05% -467.35%
FREE CASH FLOW
Cash From Operating Activities -$3.494M -$2.023M -$6.755M
Capital Expenditures $265.9K $839.0K
Free Cash Flow -$2.289M -$7.594M
YoY Change 184.1% -28.67%

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IncurrenceOfAssetRetirementObligation
0 usd
CY2022 augg Stock Issued For Purchase Of Related Party
StockIssuedForPurchaseOfRelatedParty
11516583 usd
CY2021 augg Stock Issued For Purchase Of Related Party
StockIssuedForPurchaseOfRelatedParty
0 usd
CY2022 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
67 usd
CY2021 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
242 usd
CY2022 augg Exploration And Evaluation Cost In Accounts Payable
ExplorationAndEvaluationCostInAccountsPayable
208919 usd
CY2021 augg Exploration And Evaluation Cost In Accounts Payable
ExplorationAndEvaluationCostInAccountsPayable
18423 usd
CY2022 augg Warrant Liability From Units Placement
WarrantLiabilityFromUnitsPlacement
0 usd
CY2021 augg Warrant Liability From Units Placement
WarrantLiabilityFromUnitsPlacement
3306758 usd
CY2022Q4 augg Working Capital Deficiency
WorkingCapitalDeficiency
26100000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
332813 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span><b><span style="text-decoration:underline">Use of Estimates</span></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates have been made for stock-based compensation, asset retirement obligation, warrant liability and whether acquisitions of Bullfrog Mines and CR Reward constituted an asset acquisition or business combination and the related determination of the fair value of purchase consideration and acquired assets and liabilities.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "> </p>
CY2022Q4 us-gaap Mineral Properties Gross
MineralPropertiesGross
1868265 usd
CY2021Q4 us-gaap Mineral Properties Gross
MineralPropertiesGross
1135700 usd
CY2022 us-gaap Accretion Expense
AccretionExpense
77941 usd
CY2021 us-gaap Accretion Expense
AccretionExpense
24749 usd
CY2022 augg Costs Applied To Aro Balance
CostsAppliedToAROBalance
-132629 usd
CY2021 augg Costs Applied To Aro Balance
CostsAppliedToAROBalance
-158822 usd
CY2022 augg Acquisition Of Cr Reward Asset Retirement And Environmental Obligations
AcquisitionOfCRRewardAssetRetirementAndEnvironmentalObligations
1100434 usd
CY2021 augg Acquisition Of Cr Reward Asset Retirement And Environmental Obligations
AcquisitionOfCRRewardAssetRetirementAndEnvironmentalObligations
0 usd
CY2022 augg Change In Estimates
ChangeInEstimates
-99576 usd
CY2021 augg Change In Estimates
ChangeInEstimates
866638 usd
CY2022 augg Mineral Properties Net Current
MineralPropertiesNetCurrent
1009496 usd
CY2021 augg Mineral Properties Net Current
MineralPropertiesNetCurrent
968000 usd
CY2022 augg Mineral Properties Net Long Term
MineralPropertiesNetLongTerm
1804939 usd
CY2021 augg Mineral Properties Net Long Term
MineralPropertiesNetLongTerm
900265 usd
CY2022 augg Life Of Mine
LifeOfMine
2028
CY2021 augg Life Of Mine
LifeOfMine
2028
CY2022 augg Discount Rate
DiscountRate
0.04 pure
CY2021 augg Discount Rate
DiscountRate
0.015 pure
CY2022 augg Inflation Rate
InflationRate
0.022 pure
CY2021 augg Inflation Rate
InflationRate
0.02 pure
CY2022 augg Cash Flows Rate
CashFlowsRate
0.04 pure
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69070013 shares
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-19720212 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
3452032 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75373892 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68251261 shares
CY2022 augg Assumed Conversion Of Dilutive Shares
AssumedConversionOfDilutiveShares
0 shares
CY2021 augg Assumed Conversion Of Dilutive Shares
AssumedConversionOfDilutiveShares
818752 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75373892 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2021 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
36904281 shares
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11156601 usd
CY2021 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
1259114 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12415715 usd
CY2022 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
47723766 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
60139481 usd
CY2020Q4 us-gaap Property Plant And Equipment Owned Gross
PropertyPlantAndEquipmentOwnedGross
632 usd
CY2021Q4 us-gaap Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
44057 usd
CY2021Q4 us-gaap Property Plant And Equipment Owned Gross
PropertyPlantAndEquipmentOwnedGross
44689 usd
CY2022Q4 us-gaap Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
44057 usd
CY2022Q4 us-gaap Property Plant And Equipment Owned Gross
PropertyPlantAndEquipmentOwnedGross
88746 usd
CY2022Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
60050735 usd
CY2020Q4 us-gaap Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
9100000 shares
CY2020Q4 us-gaap Stock Option Exercise Price Decrease
StockOptionExercisePriceDecrease
1.8
CY2020Q4 augg Royalty Percentage
RoyaltyPercentage
0.02 pure
CY2020Q4 augg Royalty Deed Description
RoyaltyDeedDescription
Pursuant to the Royalty Deed, the Barrick Royalty is reduced to the extent necessary so that royalties burdening any individual parcel or claim included in the Barrick Properties on October 26, 2020, inclusive of the Barrick Royalty, would not exceed 5.5% in the aggregate, provided that the Barrick Royalty in respect of any parcel or claim would not be less than 0.5%, even if the royalties burdening a parcel or claim included in the Barrick Properties would exceed 5.5%. 
CY2011Q3 augg Prior Notice In Percentage
PriorNoticeInPercentage
0.0999 pure
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q2 augg Initial Payment Shares Description
InitialPaymentSharesDescription
$12,500,000 in cash paid at the closing; plus (b) the issuance of 7,800,000 shares of Augusta Gold common stock at closing; plus (c) $22,126,000 in cash paid on September 14, 2022 (comprising collectively the “Second Payment” and the “Deferred Payment”).Management has determined that the CR Reward acquisition does not constitute a business combination because the acquired assets do not contain processes sufficient to constitute a business in accordance with ASC 805. As a result, the consideration is measured based on the cost accumulation model and allocated to the acquired assets on the basis of relative fair value, with no resulting goodwill or bargain purchase gain being recognized. Share-based payments issued in conjunction with the acquisition are valued based on the fair value of the consideration issued, measured at the grant date in
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
1299 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
9658 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
838992 usd
CY2022Q4 us-gaap Mineral Properties Accumulated Impairment
MineralPropertiesAccumulatedImpairment
46465056 usd
CY2022Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
10500 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1100434 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
46204071 usd
CY2021Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
As a result of the Reverse Stock Split, every six (6) shares of the Company’s issued and outstanding common stock, par value $0.0001 was converted into one (1) share of common stock, par value $0.0001.
CY2021Q1 us-gaap Share Price
SharePrice
2.25
CY2021Q1 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
2.8
CY2022 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
7555557 shares
CY2022Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
3777784 shares
CY2022 augg Gross Aggregate Proceeds
GrossAggregateProceeds
17000000 cad
CY2022 us-gaap Trustee Fees
TrusteeFees
450000 cad
CY2011Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2011Q3 augg Shareholder In Percentage
ShareholderInPercentage
0.0499 pure
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
7500000 shares
CY2022 augg Public Conversion Percentage
PublicConversionPercentage
0.0499 pure
CY2022Q2 augg Outstanding Shares
OutstandingShares
677084 shares
CY2021Q1 augg Common Stock Percenatage
CommonStockPercenatage
0.10 pure
CY2021Q1 augg Officers And Employees Option
OfficersAndEmployeesOption
4440080 usd
CY2021Q1 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
1874166 usd
CY2021Q3 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
209961 usd
CY2022Q2 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
324816 usd
CY2022Q3 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
99021 usd
CY2022Q3 us-gaap Stock Option Exercise Price Decrease
StockOptionExercisePriceDecrease
2
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
4541667 shares
CY2022Q3 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
3
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
480250 usd
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
188233 usd
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Nonvested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueNonvested
292017 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2164055 usd
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
913336 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.57
CY2020Q4 augg Weighted Average Remaining Contractual Life Years Beginning Balance
WeightedAverageRemainingContractualLifeYearsBeginningBalance
P6Y3M3D
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
1286650 usd
CY2021 augg Number Of Options Exercised
NumberOfOptionsExercised
688334 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.47
CY2021 augg Weighted Average Remaining Contractual Life Years Exercised
WeightedAverageRemainingContractualLifeYearsExercised
P0Y
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2021 augg Number Of Options Issued
NumberOfOptionsIssued
6325000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3
CY2021 augg Weighted Average Remaining Contractual Life Years Issued
WeightedAverageRemainingContractualLifeYearsIssued
P0Y
CY2021 augg Aggregate Intrinsic Value Issued
AggregateIntrinsicValueIssued
0 usd
CY2021 augg Number Of Options Canceled
NumberOfOptionsCanceled
1750000 shares
CY2021 augg Weighted Average Exercise Price Canceled
WeightedAverageExercisePriceCanceled
3
CY2021 augg Weighted Average Remaining Contractual Life Years Canceled
WeightedAverageRemainingContractualLifeYearsCanceled
P0Y
CY2021 augg Aggregate Intrinsic Value Canceled
AggregateIntrinsicValueCanceled
0 usd
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
4800002 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.55
CY2021Q4 augg Weighted Average Remaining Contractual Life Years Beginning Balance
WeightedAverageRemainingContractualLifeYearsBeginningBalance
P4Y4M9D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
29817 usd
CY2022 augg Number Of Options Exercised
NumberOfOptionsExercised
0 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2022 augg Weighted Average Remaining Contractual Life Years Exercised
WeightedAverageRemainingContractualLifeYearsExercised
P0Y
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2022 augg Number Of Options Issued
NumberOfOptionsIssued
450000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.03
CY2022 augg Weighted Average Remaining Contractual Life Years Issued
WeightedAverageRemainingContractualLifeYearsIssued
P5Y
CY2022 augg Aggregate Intrinsic Value Issued
AggregateIntrinsicValueIssued
0 usd
CY2022 augg Number Of Options Canceled
NumberOfOptionsCanceled
50000 shares
CY2022 augg Weighted Average Exercise Price Canceled
WeightedAverageExercisePriceCanceled
2
CY2022 augg Weighted Average Remaining Contractual Life Years Canceled
WeightedAverageRemainingContractualLifeYearsCanceled
P0Y
CY2022 augg Aggregate Intrinsic Value Canceled
AggregateIntrinsicValueCanceled
0 usd
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
5200002 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.56
CY2022Q4 augg Weighted Average Remaining Contractual Life Years Beginning Balance
WeightedAverageRemainingContractualLifeYearsBeginningBalance
P3Y5M12D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
57468 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2025002 shares
CY2022 augg Weighted Average Exercise Price Options Exercisable
WeightedAverageExercisePriceOptionsExercisable
1.51
CY2022 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P3Y6M18D
CY2022 augg Aggregate Intrinsic Value Options Exercisable
AggregateIntrinsicValueOptionsExercisable
57468 usd
CY2022 us-gaap Weighted Average Number Basic Shares Outstanding Adjustment Pro Forma
WeightedAverageNumberBasicSharesOutstandingAdjustmentProForma
31002785 shares
CY2020Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
32645641 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
28781971 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
1132560 shares
CY2021 augg Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instrumentswarrantsissued
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentswarrantsissued
3777784 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
0 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
31427195 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
208334 shares
CY2022 augg Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instrumentswarrantsissued
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentswarrantsissued
0 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
216076 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
31002785 shares
CY2022 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
323047 usd
CY2022 us-gaap Payments For Rent
PaymentsForRent
183000 usd
CY2021 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
932470 usd
CY2022 augg Relatedpartyoffice
Relatedpartyoffice
90587 usd
CY2020Q4 augg Fair Market Value Of Common Stock
FairMarketValueOfCommonStock
1.26
CY2021Q4 augg Fair Market Value Of Common Stock
FairMarketValueOfCommonStock
0.95
CY2022Q4 augg Fair Market Value Of Common Stock
FairMarketValueOfCommonStock
1.4
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
1.38
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
1.42
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
1.33
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y9M18D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P1Y9M18D
CY2020Q4 augg Financial Instruments Volatility Range
FinancialInstrumentsVolatilityRange
0.684 pure
CY2021Q4 augg Financial Instruments Volatility Range
FinancialInstrumentsVolatilityRange
0.788 pure
CY2022Q4 augg Financial Instruments Volatility Range
FinancialInstrumentsVolatilityRange
1.015 pure
CY2020Q4 augg Financila Instruments Riskfree Rate
FinancilaInstrumentsRiskfreeRate
0.0018 pure
CY2021Q4 augg Financila Instruments Riskfree Rate
FinancilaInstrumentsRiskfreeRate
0.0097 pure
CY2022Q4 augg Financila Instruments Riskfree Rate
FinancilaInstrumentsRiskfreeRate
0.0441 pure
CY2022Q3 us-gaap Other Investments
OtherInvestments
22232561 usd
CY2022Q4 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.03 pure
CY2022 us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0.005 pure
CY2022 us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
22232561 usd
CY2022Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
46317 usd
CY2022Q4 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
657078 usd
CY2022Q4 us-gaap Loans Payable
LoansPayable
22843322 usd
CY2021 augg Relatedpartyoffice
Relatedpartyoffice
175398 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
85832 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
97910 usd
CY2022 us-gaap Related Party Costs
RelatedPartyCosts
499466 usd
CY2021 us-gaap Related Party Costs
RelatedPartyCosts
1205778 usd
CY2017Q3 us-gaap Investment Interest Rate
InvestmentInterestRate
1 pure
CY2022Q4 augg Operating Leases Future Minimum Payment Due In Two Years
OperatingLeasesFutureMinimumPaymentDueInTwoYears
95557 usd
CY2022Q4 augg Operating Leases Future Minimum Payment Due In Three Years
OperatingLeasesFutureMinimumPaymentDueInThreeYears
87594 usd
CY2022Q4 augg Operating Leases Future Minimum Payment Due
OperatingLeasesFutureMinimumPaymentDue
183151 usd
CY2021Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
5800000 usd
CY2022 us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
3
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P5Y
CY2022 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
5800000 usd
CY2021Q3 augg Stock Option Received
StockOptionReceived
500000 shares
CY2021Q3 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
158333 usd
CY2021 augg Stock Options Issued And Outstanding
StockOptionsIssuedAndOutstanding
4575000 shares
CY2021 us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
1560452 usd
CY2022 us-gaap Employee Stock Ownership Plan Esop Plan Description
EmployeeStockOwnershipPlanESOPPlanDescription
there were 450,000 stock options issued to officers and employees of the Company. Of those options, 350,000 have a C$2.05 exercise price and 100,000 have a C$1.96 exercise price and all expire five years from date of grant.
CY2022 augg Stock Options Issued And Outstanding
StockOptionsIssuedAndOutstanding
4975000 shares
CY2022 us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
2164055 usd
CY2022 augg Consulting Arrangement Percentage
ConsultingArrangementPercentage
1 pure
CY2022Q4 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
350000 cad
CY2021Q4 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
116668 cad
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
39900 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
22400 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2400 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2400 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2400 usd
CY2022Q4 augg Operating Leases Future Minimum Payments Due In Six Years
OperatingLeasesFutureMinimumPaymentsDueInSixYears
2400 usd
CY2022Q4 augg Operating Leases Future Minimum Payments Due In Seven Years
OperatingLeasesFutureMinimumPaymentsDueInSevenYears
2400 usd
CY2022Q4 augg Operating Leases Future Minimum Payments Due In Thereafter Seven Years
OperatingLeasesFutureMinimumPaymentsDueInThereafterSevenYears
2400 usd
CY2017Q3 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P30Y
CY2017Q3 augg Number Of Patented Mining
NumberOfPatentedMining
24 pure
CY2022 us-gaap Other Commitments Description
OtherCommitmentsDescription
Under the Lunar Lease, RMM shall expend as minimum work commitments of $50,000 per year starting in 2017 until a cumulative of $500,000 of expense has been incurred. If RMM fails to perform its obligations under the Lunar Lease, and in particular fails to make any payment due to Lunar thereunder, Lunar may declare RMM in default by giving RMM written notice of default which specifies the obligation(s) which RMM has failed to perform. If RMM fails to remedy a default in payment within fifteen (15) days of receiving the notice of default or fails to remedy or commence to remedy any other default within thirty (30) days of receiving notice, Lunar may terminate the Lunar Lease and RMM shall peaceably surrender possession of the properties to Lunar.
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
111000 usd
CY2022 augg Leases Future Minimum Payments Due In Four Years
LeasesFutureMinimumPaymentsDueInFourYears
21000 usd
CY2022 augg Leases Future Minimum Payments Due In Five Years
LeasesFutureMinimumPaymentsDueInFiveYears
25000 usd
CY2022 augg Leases Future Minimum Payments Due In Five Years One
LeasesFutureMinimumPaymentsDueInFiveYearsOne
30000 usd
CY2022 augg Leases Future Minimum Payments Due In Five Years Two
LeasesFutureMinimumPaymentsDueInFiveYearsTwo
40000 usd
CY2022 augg Leases Future Minimum Payments Due In Five Years Three
LeasesFutureMinimumPaymentsDueInFiveYearsThree
45000 usd
CY2014Q4 augg Option Agreement Description
OptionAgreementDescription
RMM entered into an Option Agreement (the “Mojave Option”) with Mojave Gold Mining Corporation (“Mojave”). Mojave holds the purchase rights to 100% of 12 patented mining claims. This property is contiguous to the Company’s Bullfrog Project.
CY2022 us-gaap Public Utilities Property Plant And Equipment Interest Rate On Intermediary Debt For Electric Utility Plant Construction
PublicUtilitiesPropertyPlantAndEquipmentInterestRateOnIntermediaryDebtForElectricUtilityPlantConstruction
1 pure
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
160000 usd
CY2022 augg Remaining Payment
RemainingPayment
30000 usd
CY2020Q4 augg Option Agreement Description
OptionAgreementDescription
Bullfrog Mines entered into a mining option agreement with Abitibi Royalties (USA) Inc. (“Abitibi”) granting Bullfrog Mines the option (the “Abitibi Option”) to acquire forty-three unpatented lode mining claims to the south of the Bullfrog deposit. The Abitibi Option was amended on December 9, 2022, to extend the exercise deadline and to increase the last payment amount required to exercise the option. Bullfrog Mines made an initial payment to Abitibi of C$25,000 and exercised the Abitibi Option in full on January 30, 2023, by: ●Paying to Abitibi C$50,000 in cash before December 9, 2021; ●Paying to Abitibi C$78,750 in cash before January 30, 2023; and ●Granting to Abitibi a 2% net smelter royalty on the claims subject to the Abitibi Option on January 30, 2023, of which Bullfrog Mines has the option to purchase 0.5% for C$500,000 on or before December 9, 2030.  
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-24.9 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-24.9 usd
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-3.9 usd
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-3.9 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
7101189 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4948126 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
51856 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
125526 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
13473072 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
12404383 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
13473072 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12404383 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
28553000 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
20001000 usd
CY2022 augg Underwriters Cash
UnderwritersCash
0.05 pure
CY2022 augg Common Stock Purchase Warrants
CommonStockPurchaseWarrants
336257 shares
CY2022 augg Number Of Share
NumberOfShare
1 shares
CY2022Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
1.71
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001448597

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