2017 Q2 Form 10-K Financial Statement
#000105291817000504 Filed on October 13, 2017
Income Statement
| Concept | 2017 Q2 | 2017 | 2016 Q2 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $1.860M | $2.116M | -$590.0K |
| YoY Change | -415.25% | -1015.12% | -410.53% |
| % of Gross Profit | |||
| Research & Development | $610.0K | $966.1K | $10.00K |
| YoY Change | 6000.0% | 2563.58% | -88.89% |
| % of Gross Profit | |||
| Depreciation & Amortization | $0.00 | $30.00 | $0.00 |
| YoY Change | -99.36% | ||
| % of Gross Profit | |||
| Operating Expenses | $2.460M | $3.082M | -$580.0K |
| YoY Change | -524.14% | -1680.91% | -307.14% |
| Operating Profit | |||
| YoY Change | |||
| Interest Expense | $20.00K | -$77.66K | -$50.00K |
| YoY Change | -140.0% | -49.23% | 25.0% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$9.370K | ||
| YoY Change | |||
| Pretax Income | -$2.440M | -$3.134M | -$2.020M |
| YoY Change | 20.79% | 25.46% | 531.25% |
| Income Tax | $0.00 | $0.00 | $0.00 |
| % Of Pretax Income | |||
| Net Earnings | -$2.440M | -$3.134M | -$2.020M |
| YoY Change | 20.79% | 25.46% | 531.25% |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$1.021M | -$1.845M | -$1.629M |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2017 Q2 | 2017 | 2016 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $590.0K | $593.5K | $10.00K |
| YoY Change | 5800.0% | 6241.03% | -93.33% |
| Cash & Equivalents | $590.0K | $593.5K | $10.00K |
| Short-Term Investments | |||
| Other Short-Term Assets | $220.0K | $223.2K | $110.0K |
| YoY Change | 100.0% | 116.94% | -21.43% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $10.00K | $5.470K | |
| Other Receivables | $0.00 | $0.00 | |
| Total Short-Term Assets | $820.0K | $822.2K | $110.0K |
| YoY Change | 645.45% | 632.52% | -62.07% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $310.0K | $309.0K | $0.00 |
| YoY Change | -100.0% | ||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $310.0K | $309.0K | $0.00 |
| YoY Change | -100.0% | ||
| TOTAL ASSETS | |||
| Total Short-Term Assets | $820.0K | $822.2K | $110.0K |
| Total Long-Term Assets | $310.0K | $309.0K | $0.00 |
| Total Assets | $1.130M | $1.131M | $110.0K |
| YoY Change | 927.27% | 907.84% | -96.14% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $260.0K | $261.9K | $50.00K |
| YoY Change | 420.0% | 468.55% | -93.24% |
| Accrued Expenses | $156.4K | $156.4K | $360.0K |
| YoY Change | -56.55% | -56.77% | 227.27% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $1.160M |
| YoY Change | -100.0% | -100.0% | 12.62% |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $420.0K | $418.3K | $1.570M |
| YoY Change | -73.25% | -73.39% | -16.49% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $682.9K | ||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $420.0K | $418.3K | $1.570M |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $420.0K | $418.3K | $1.570M |
| YoY Change | -73.25% | -73.39% | -16.49% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | $24.89K | $12.35K | |
| YoY Change | 101.47% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $710.0K | $712.9K | -$1.460M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.131M | $1.131M | $112.2K |
| YoY Change | 907.86% | 907.84% | -96.06% |
Cashflow Statement
| Concept | 2017 Q2 | 2017 | 2016 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$2.440M | -$3.134M | -$2.020M |
| YoY Change | 20.79% | 25.46% | 531.25% |
| Depreciation, Depletion And Amortization | $0.00 | $30.00 | $0.00 |
| YoY Change | -99.36% | ||
| Cash From Operating Activities | -$1.490M | -$2.034M | -$30.00K |
| YoY Change | 4866.67% | 608.78% | -88.0% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$310.0K | -$309.1K | |
| YoY Change | 0.0% | ||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $0.00 | |
| YoY Change | -100.0% | ||
| Cash From Investing Activities | -$310.0K | -$309.1K | $0.00 |
| YoY Change | -6281.0% | ||
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 1.460M | 2.927M | 20.00K |
| YoY Change | 7200.0% | 2006.8% | 0.0% |
| NET CHANGE | |||
| Cash From Operating Activities | -1.490M | -2.034M | -30.00K |
| Cash From Investing Activities | -310.0K | -309.1K | 0.000 |
| Cash From Financing Activities | 1.460M | 2.927M | 20.00K |
| Net Change In Cash | -340.0K | 584.2K | -10.00K |
| YoY Change | 3300.0% | -508.53% | -95.65% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$1.490M | -$2.034M | -$30.00K |
| Capital Expenditures | -$310.0K | -$309.1K | |
| Free Cash Flow | -$1.180M | -$1.725M | |
| YoY Change | -7889.16% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017 | us-gaap |
Subsequent Event Description
SubsequentEventDescription
|
On August 31, 2017, the Company and Renaissance Exploration Inc. signed a notice of termination and release of exploration Earn-In Agreement. Upon signing this agreement, the Company has terminated the March 29, 2010 Earn-In Agreement. | |
| CY2016 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
USD | |
| CY2016 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
USD | |
| CY2016 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
USD | |
| CY2016 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
USD | |
| CY2016 | us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
shares | |
| CY2017 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
1685809 | USD |
| CY2017 | us-gaap |
Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
|
shares | |
| CY2017 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1132917 | USD |
| CY2017 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
shares | |
| CY2017 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
61875 | USD |
| CY2017 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
| CY2017 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
1247511 | USD |
| CY2017 | us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
shares | |
| CY2016Q2 | us-gaap |
Mineral Properties Net
MineralPropertiesNet
|
1 | USD |
| CY2017Q2 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
USD | |
| CY2016Q2 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
209660 | USD |
| CY2016Q2 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
1163915 | USD |
| CY2016Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
12354 | USD |
| CY2017Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
19131675 | USD |
| CY2016Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
13838123 | USD |
| CY2017Q2 | us-gaap |
Mineral Properties Net
MineralPropertiesNet
|
300001 | USD |
| CY2017Q2 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
USD | |
| CY2017Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
24889 | USD |
| CY2017 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1726971 | USD |
| CY2017 | us-gaap |
Professional Fees
ProfessionalFees
|
157000 | USD |
| CY2017Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1131195 | USD |
| CY2017 | us-gaap |
Interest Expense
InterestExpense
|
-77662 | USD |
| CY2017 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1215401 | USD |
| CY2016Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
112237 | USD |
| CY2016 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
418920 | USD |
| CY2016 | us-gaap |
Professional Fees
ProfessionalFees
|
-666166 | USD |
| CY2016 | us-gaap |
Interest Expense
InterestExpense
|
-152965 | USD |
| CY2016 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
60961 | USD |
