2024 Q1 Form 10-K Financial Statement

#000121390024027397 Filed on March 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $698.4K $850.0K
YoY Change -46.91% -30.95%
% of Gross Profit
Research & Development $396.3K $801.6K
YoY Change -45.29% -12.43%
% of Gross Profit
Depreciation & Amortization $11.01K $14.06K $44.06K
YoY Change 0.0% 27.59% 0.0%
% of Gross Profit
Operating Expenses $27.37K $1.694M $102.5K
YoY Change -98.68% -22.53% -99.07%
Operating Profit -$1.136M -$7.007M
YoY Change -45.37% -36.13%
Interest Expense $673.5K -$656.0K $2.551M
YoY Change 7.46% 12.11% 253.3%
% of Operating Profit
Other Income/Expense, Net -$764.1K -$177.1K
YoY Change -109.29% -97.86%
Pretax Income -$2.577M -$2.527M
YoY Change -147.32% -77.15%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.577M -$2.527M $6.658M
YoY Change -147.32% -77.15% -133.76%
Net Earnings / Revenue
Basic Earnings Per Share -$0.03 $0.08
Diluted Earnings Per Share -$0.03 -$0.03 $0.08
COMMON SHARES
Basic Shares Outstanding 85.93M shares 85.96M shares 85.56M shares
Diluted Shares Outstanding 85.93M shares 85.68M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $440.5K $300.7K $300.7K
YoY Change -87.73% -9.64% -9.64%
Cash & Equivalents $440.5K $300.7K
Short-Term Investments
Other Short-Term Assets $107.7K $63.03K $63.03K
YoY Change -48.85% -77.92% -77.92%
Inventory
Prepaid Expenses $100.7K $56.00K
Receivables
Other Receivables
Total Short-Term Assets $548.2K $363.8K $363.8K
YoY Change -85.58% -41.16% -41.16%
LONG-TERM ASSETS
Property, Plant & Equipment $1.033M $1.044M $60.04M
YoY Change -4.09% -4.05% -0.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.116M $1.116M $1.116M
YoY Change 0.0%
Total Long-Term Assets $60.51M $61.15M $61.15M
YoY Change -1.06% 1.83% 1.83%
TOTAL ASSETS
Total Short-Term Assets $548.2K $363.8K $363.8K
Total Long-Term Assets $60.51M $61.15M $61.15M
Total Assets $61.06M $61.52M $61.52M
YoY Change -6.0% 1.4% 1.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.670M $1.411M $1.411M
YoY Change 65.05% -51.43% -51.43%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $26.82M $25.39M $25.39M
YoY Change 14.26% 11.17% 11.17%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $30.20M $27.61M $27.61M
YoY Change 18.29% 3.18% 3.18%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.640M $3.389M $3.389M
YoY Change -75.6% -80.55% -80.55%
Total Long-Term Liabilities $2.640M $3.389M $3.389M
YoY Change -75.6% -80.55% -80.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.20M $27.61M $27.61M
Total Long-Term Liabilities $2.640M $3.389M $3.389M
Total Liabilities $32.84M $31.00M $31.00M
YoY Change -9.65% -29.84% -29.84%
SHAREHOLDERS EQUITY
Retained Earnings -$35.81M -$33.24M
YoY Change 3.96% -16.69%
Common Stock $8.593K $8.593K
YoY Change 0.0% 8.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.22M $30.52M $30.52M
YoY Change
Total Liabilities & Shareholders Equity $61.06M $61.52M $61.52M
YoY Change -6.0% 1.4% 1.4%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$2.577M -$2.527M $6.658M
YoY Change -147.32% -77.15% -133.76%
Depreciation, Depletion And Amortization $11.01K $14.06K $44.06K
YoY Change 0.0% 27.59% 0.0%
Cash From Operating Activities -$610.2K -$534.8K -$6.545M
YoY Change -82.53% -73.56% -3.11%
INVESTING ACTIVITIES
Capital Expenditures $238.9K $238.9K
YoY Change -10.14% -71.52%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$238.9K -$238.9K
YoY Change -10.14% -99.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $750.0K 1.610K $6.752M
YoY Change -88.89% -170.0% -70.02%
NET CHANGE
Cash From Operating Activities -$610.2K -534.8K -$6.545M
Cash From Investing Activities -238.9K -$238.9K
Cash From Financing Activities $750.0K 1.610K $6.752M
Net Change In Cash $139.8K -772.1K -$32.08K
YoY Change -95.71% -66.3% -99.83%
FREE CASH FLOW
Cash From Operating Activities -$610.2K -$534.8K -$6.545M
Capital Expenditures $238.9K $238.9K
Free Cash Flow -$773.7K -$6.784M
YoY Change -66.2% -10.67%

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IncurrenceOfAssetRetirementObligation
1100434 usd
CY2023 augg Purchase Of Cr Reward
PurchaseOfCRReward
0 usd
CY2022 augg Purchase Of Cr Reward
PurchaseOfCRReward
11516583 usd
CY2023 augg Exploration And Evaluation Cost In Accounts Payable
ExplorationAndEvaluationCostInAccountsPayable
0 usd
CY2022 augg Exploration And Evaluation Cost In Accounts Payable
ExplorationAndEvaluationCostInAccountsPayable
208919 usd
CY2023 augg Warrant Liability From Units Placement
WarrantLiabilityFromUnitsPlacement
1762488 usd
CY2022 augg Warrant Liability From Units Placement
WarrantLiabilityFromUnitsPlacement
0 usd
CY2023Q4 augg Working Capital Deficiency
WorkingCapitalDeficiency
27245000 usd
CY2023Q4 us-gaap Cash
Cash
300000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span style="text-decoration:underline">Critical Judgements and Estimation Uncertainties</span></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, and expenses. These estimates and judgements are subject to change based on experience and new information which could result in outcomes that require a material adjustment to the carrying amounts of assets or liabilities affecting future periods. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized prospectively.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><i>Share-based compensation</i> – The fair value of share-based compensation is calculated using the Black-Scholes model. The main assumptions used in the model include the estimated life of the option, the expected volatility of the Company’s share price, and the risk-free rate of interest. The resulting value calculated is not necessarily the value that the holder of the option could receive in an arm’s-length transaction.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><i>Warrant liability</i> – The fair value of the warrant liability is calculated using the Black-Scholes model. The main assumptions used in the model include the estimated life of the warrant, the expected volatility of the Company’s share price, and the risk-free rate of interest. The resulting value calculated is not necessarily the value that the holder of the warrant could receive in an arm’s-length transaction.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><i>Determination of useful life of assets for depreciation purposes</i> – Significant judgment is involved in the determination of the useful life and residual value of long-lived assets that drive the calculation of depreciation charges. Changes in the estimate of useful lives and residual values may impact the depreciation calculations.</span></p>
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
2814435 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1868265 usd
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
111548 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
77941 usd
CY2023 augg Asset Retirement Obligation Costs Applied Balance
AssetRetirementObligationCostsAppliedBalance
-59285 usd
CY2022 augg Asset Retirement Obligation Costs Applied Balance
AssetRetirementObligationCostsAppliedBalance
-132629 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
0 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
1100434 usd
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
215099 usd
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-99576 usd
CY2023Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
110700 usd
CY2022Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
1009496 usd
CY2023Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2971097 usd
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
1804939 usd
CY2023 augg Asset Retirement Obligation Life Of Mine
AssetRetirementObligationLifeOfMine
2031
CY2022 augg Asset Retirement Obligation Life Of Mine
AssetRetirementObligationLifeOfMine
2028
CY2023 augg Asset Retirement Obligation Life Of Mine Reward Project
AssetRetirementObligationLifeOfMineRewardProject
2029
CY2022 augg Asset Retirement Obligation Life Of Mine Reward Project
AssetRetirementObligationLifeOfMineRewardProject
2029
CY2023 augg Asset Retirement Obligation Discount Rate
AssetRetirementObligationDiscountRate
0.039 pure
CY2022 augg Asset Retirement Obligation Discount Rate
AssetRetirementObligationDiscountRate
0.04 pure
CY2023 augg Asset Retirement Obligation Inflation Rateaverage
AssetRetirementObligationInflationRateaverage
0.022 pure
CY2022 augg Asset Retirement Obligation Inflation Rateaverage
AssetRetirementObligationInflationRateaverage
0.022 pure
CY2023 augg Cash Flows Rate
CashFlowsRate
0.039 pure
CY2022 augg Cash Flows Rate
CashFlowsRate
0.04 pure
CY2022Q4 us-gaap Malpractice Loss Contingency Letters Of Credit And Surety Bonds
MalpracticeLossContingencyLettersOfCreditAndSuretyBonds
1765661 usd
CY2022 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
44057 usd
CY2022Q4 augg Mineral Properties And Equipment Total Accumulated Depreciation
MineralPropertiesAndEquipmentTotalAccumulatedDepreciation
88746 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
6658010 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-19720212 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85561252 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75373892 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
120835 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85682086 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75373892 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
CY2023 us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
58334 shares
CY2023 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
39653283000000 shares
CY2023 augg Number Of Dilutive And Antidilutive Shares
NumberOfDilutiveAndAntidilutiveShares
39711617000000 shares
CY2021Q4 augg Mineral Properties And Equipment Total Cost
MineralPropertiesAndEquipmentTotalCost
12415715 usd
CY2022 augg Mineral Properties And Equipment Total Additions
MineralPropertiesAndEquipmentTotalAdditions
47723766 usd
CY2022Q4 augg Mineral Properties And Equipment Total Cost
MineralPropertiesAndEquipmentTotalCost
60139481 usd
CY2023 augg Mineral Properties And Equipment Total Additions
MineralPropertiesAndEquipmentTotalAdditions
30000 usd
CY2023Q4 augg Mineral Properties And Equipment Total Cost
MineralPropertiesAndEquipmentTotalCost
60169481 usd
CY2021Q4 augg Mineral Properties And Equipment Total Accumulated Depreciation
MineralPropertiesAndEquipmentTotalAccumulatedDepreciation
44689 usd
CY2023 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
44057 usd
CY2023Q4 augg Mineral Properties And Equipment Total Accumulated Depreciation
MineralPropertiesAndEquipmentTotalAccumulatedDepreciation
132803 usd
CY2023 augg Net Book Value On Total
NetBookValueOnTotal
60036678 usd
CY2022 augg Net Book Value On Total
NetBookValueOnTotal
60050735 usd
CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
1299 usd
CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
9658 usd
CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
838992 usd
CY2023Q4 augg Business Combination Recognized Identifiable Assets Acquired And Liabilities Mineral Properties
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesMineralProperties
46465056 usd
CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
10500 usd
CY2023Q4 augg Business Combination Recognized Identifiable Assets Acquired And Asset Retirement Obligation
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndAssetRetirementObligation
1100434 usd
CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
46204071 usd
CY2023Q1 augg Units Issued Period New Issues
UnitsIssuedPeriodNewIssues
6725147 shares
CY2023Q1 augg Price Per Units
PricePerUnits
1.71
CY2023Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
11500000 cad
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
0.05 pure
CY2023 augg Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instrumentswarrantsissued
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentswarrantsissued
336257 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.71
CY2021Q1 augg Shares Outstanding Percentage
SharesOutstandingPercentage
0.10 pure
CY2022Q2 augg Estimate The Aggregate Fair Value
EstimateTheAggregateFairValue
324816 usd
CY2022Q3 augg Estimate The Aggregate Fair Value
EstimateTheAggregateFairValue
99021 usd
CY2022Q3 us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
2
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1265971 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2164055 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4800002 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.55
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y4M9D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
29817 usd
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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 Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercise Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExerciseWeightedAverageRemainingContractualTerm2
P0Y
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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 Sharebased Compensation Arrangement By Sharebased Payment Award Options Issued Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsIssuedWeightedAverageRemainingContractualTerm2
P5Y
CY2022 augg Sharebased Compensation Arrangement By Sharebased Payment Award Options Aggregate Intrinsic Value Issued
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAggregateIntrinsicValueIssued
0 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
50000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
2
CY2022 augg Sharebased Compensation Arrangement By Sharebased Payment Award Options Canceled Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsCanceledWeightedAverageRemainingContractualTerm2
P0Y
CY2022 augg Sharebased Compensation Arrangement By Sharebased Payment Award Options Aggregate Intrinsic Value Canceled
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAggregateIntrinsicValueCanceled
0 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5200002 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.56
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y5M12D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
57468 usd
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2023 augg Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercise Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExerciseWeightedAverageRemainingContractualTerm2
P0Y
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2023 augg Sharebased Compensation Arrangement By Sharebased Payment Award Options Issued Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsIssuedWeightedAverageRemainingContractualTerm2
P0Y
CY2023 augg Sharebased Compensation Arrangement By Sharebased Payment Award Options Aggregate Intrinsic Value Issued
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAggregateIntrinsicValueIssued
0 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
190000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
2.02
CY2023 augg Sharebased Compensation Arrangement By Sharebased Payment Award Options Canceled Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsCanceledWeightedAverageRemainingContractualTerm2
P0Y
CY2023 augg Sharebased Compensation Arrangement By Sharebased Payment Award Options Aggregate Intrinsic Value Canceled
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAggregateIntrinsicValueCanceled
0 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5010002 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.48
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y5M4D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3898336 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.48
CY2023 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P2Y5M1D
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 usd
CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
34701615 shares
CY2022Q3 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
22232561 usd
CY2023Q4 us-gaap Short Term Debt Percentage Bearing Variable Interest Rate
ShortTermDebtPercentageBearingVariableInterestRate
0.03 pure
CY2023 augg Investments An Origination Fee Percentage
InvestmentsAnOriginationFeePercentage
0.005 pure
CY2023 augg Extension Fee
ExtensionFee
33501 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
22232561 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
610761 usd
CY2022Q4 augg Note Payable And Accrued Interest Related Party
NotePayableAndAccruedInterestRelatedParty
22843322 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
33501 usd
CY2023 augg Accrued Interest Additional Debt Issuance Costs
AccruedInterestAdditionalDebtIssuanceCosts
-33501 usd
CY2023 augg Additional Debt Issuance Costs
AdditionalDebtIssuanceCosts
0 usd
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
0 usd
CY2023 augg Accrued Interest Interest Expense
AccruedInterestInterestExpense
2550557 usd
CY2023 us-gaap Interest Expense Other
InterestExpenseOther
2550557 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
22266062 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3127817 usd
CY2023Q4 augg Note Payable And Accrued Interest Related Party
NotePayableAndAccruedInterestRelatedParty
25393879 usd
CY2023 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
391643 usd
CY2022 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
323047 usd
CY2023 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
119447 usd
CY2022 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
90587 usd
CY2023 us-gaap Operating Expenses
OperatingExpenses
102505 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
85832 usd
CY2023 augg Office Expense Net
OfficeExpenseNet
613595 usd
CY2022 augg Office Expense Net
OfficeExpenseNet
499466 usd
CY2023 us-gaap Payments For Rent
PaymentsForRent
88000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
450000 shares
CY2022Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
100000 shares
CY2023 augg Stock Options Issued And Outstanding
StockOptionsIssuedAndOutstanding
4785000 shares
CY2023 augg Percentage Of Consulting Arrangement
PercentageOfConsultingArrangement
1 pure
CY2023Q4 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
380000 cad
CY2022Q4 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
350000 usd
CY2023Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
520825 usd
CY2022 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
4904417 usd
CY2023 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-266733 usd
CY2022 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
0 usd
CY2023 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
1922580 usd
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-4904417 usd
CY2017Q3 augg Number Of Patented Mining
NumberOfPatentedMining
24 pure
CY2017Q3 augg Undivided Interest Percentage
UndividedInterestPercentage
1 pure
CY2023 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
500000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
132000 usd
CY2014Q4 us-gaap Area Of Land
AreaOfLand
156 acre
CY2023 augg Property Interset Rate
PropertyIntersetRate
1 pure
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
190000 usd
CY2023 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P10Y
CY2023 augg Option Agreement Description
OptionAgreementDescription
On December 9, 2020, 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. This lease is out of the scope of ASC 842 Leases, and any payment is capitalized to mineral property. 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.
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.249 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.249 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.039 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.039 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6658010 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-19720213 usd
CY2023 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-1655847 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
9026354 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
7101189 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
45597 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
51856 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
11550491 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
13473072 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11550491 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
13473072 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
36294000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
28553000 usd
CY2023 us-gaap Exploration Expense
ExplorationExpense
2686656 usd
CY2023Q4 augg Reclamation Bonds
ReclamationBonds
1115813 usd
CY2023Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
58992286 usd
CY2022 us-gaap Exploration Expense
ExplorationExpense
5739534 usd
CY2022Q4 augg Reclamation Bonds
ReclamationBonds
0 usd
CY2022Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
58962286 usd
CY2023 augg Maturity Date Description
MaturityDateDescription
maturity date of the Note from March 31, 2024 to June 30, 2024
CY2023 augg Purchase Agreement Description
PurchaseAgreementDescription
In connection with entering into the Purchase Agreement Amendment, Augusta Investments loaned the Company an additional $525,000, less a $25,000 loan origination fee, and the Company issued an amended and restated Note to Augusta Investments dated March 27, 2024 (the “Amended and Restated Note”). The Amended and Restated Note amends the Note to provide that the principal amount due and payable thereunder will be set forth on Schedule A thereto, as amended from time to time, by the mutual agreement of the parties. As issued on March 27, 2024, the Amended and Restated Note is for a principal amount of $22,793,853, which includes (i) the original issue amount of the Note on September 13, 2022 of $22,232,561, (ii) an extension fee of $33,501 on December 13, 2023, (iii) the $525,000 loan on March 27, 2024 and (iv) the extension fee of $27,791 on March 27, 2024.
CY2023Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.03 pure
CY2023Q4 us-gaap Investment Maturity Date
InvestmentMaturityDate
2024-06-30
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001448597

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