2024 Q4 Form 10-K Financial Statement
#000106299324019582 Filed on November 25, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 | 2024 |
---|---|---|---|
Revenue | |||
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | $156.7K | ||
YoY Change | 0.08% | ||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $665.6K | ||
YoY Change | -45.64% | ||
Operating Profit | -$665.6K | ||
YoY Change | -45.64% | ||
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $64.50K | ||
YoY Change | -28.12% | ||
Pretax Income | |||
YoY Change | |||
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$999.0K | ||
YoY Change | -45.47% | ||
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.01 | ||
Diluted Earnings Per Share | -$0.01 | ||
COMMON SHARES | |||
Basic Shares Outstanding | 155.2M shares | 155.2M shares | 155.2M shares |
Diluted Shares Outstanding | 155.2M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 | 2024 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $247.4K | ||
YoY Change | -80.19% | ||
Cash & Equivalents | $179.9K | ||
Short-Term Investments | $67.52K | ||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | $78.79K | ||
Receivables | $5.927K | ||
Other Receivables | |||
Total Short-Term Assets | $332.1K | ||
YoY Change | -75.36% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $10.50K | ||
YoY Change | 0.0% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $332.1K | ||
Total Long-Term Assets | $10.50K | ||
Total Assets | $342.6K | ||
YoY Change | -74.77% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $316.0K | ||
YoY Change | 0.2% | ||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | |||
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | |||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | |||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | |||
Total Long-Term Liabilities | |||
Total Liabilities | $316.0K | ||
YoY Change | -4.98% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$15.52M | ||
YoY Change | 6.87% | ||
Common Stock | $155.2K | ||
YoY Change | 0.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $27.81K | ||
YoY Change | |||
Total Liabilities & Shareholders Equity | $342.6K | ||
YoY Change | -74.77% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 | 2024 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$999.0K | ||
YoY Change | -45.47% | ||
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$665.8K | ||
YoY Change | -45.08% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $586.1K | ||
YoY Change | -31.42% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $0.00 | ||
YoY Change | -100.0% | ||
NET CHANGE | |||
Cash From Operating Activities | -$665.8K | ||
Cash From Investing Activities | $586.1K | ||
Cash From Financing Activities | $0.00 | ||
Net Change In Cash | -$79.69K | ||
YoY Change | -77.59% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$665.8K | ||
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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|
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Common Stock Value
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CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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Marketable Securities Unrealized Gain Loss
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Earnings Per Share Basic
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Proceeds From Sale And Maturity Of Marketable Securities
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Net Cash Provided By Used In Investing Activities
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|
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Share Based Compensation
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Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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136681 | usd |
CY2024 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-6596 | usd |
CY2023 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-130444 | usd |
CY2024 | us-gaap |
Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
|
-1265781 | usd |
CY2023 | us-gaap |
Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
|
-564346 | usd |
CY2024 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-67053 | usd |
CY2023 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-41735 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2000 | usd |
CY2024 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
CY2024 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2024 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
16098 | usd |
CY2023 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
1015108 | usd |
CY2024Q3 | us-gaap |
Cash
Cash
|
61048 | usd |
CY2023Q3 | us-gaap |
Cash
Cash
|
218081 | usd |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
179893 | usd |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
259581 | usd |
CY2024 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
156680 | usd |
CY2023 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
156561 | usd |
CY2023 | enrt |
Drilling Expenses
DrillingExpenses
|
325170 | usd |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.04 | |
CY2024Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
155166088 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
155166088 | shares |
CY2024Q3 | enrt |
Number Of Shares Held In Escrow
NumberOfSharesHeldInEscrow
|
7000000 | shares |
CY2024Q3 | enrt |
Number Of Shares Held In Escrow
NumberOfSharesHeldInEscrow
|
7000000 | shares |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
9900000 | shares |
CY2023 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
8150000 | shares |
CY2024 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P1Y10M28D | |
CY2024Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
0 | usd |
CY2023 | enrt |
Class Of Warrant Or Right Forfeited In Period
ClassOfWarrantOrRightForfeitedInPeriod
|
4923369 | shares |
CY2023Q3 | us-gaap |
Prepaid Advertising
PrepaidAdvertising
|
13593 | usd |
CY2023Q3 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
33915 | usd |
CY2024Q3 | enrt |
Prepaid Expenses Current Office Expenses
PrepaidExpensesCurrentOfficeExpenses
|
1145 | usd |
CY2024Q3 | us-gaap |
Intangible Assets Current
IntangibleAssetsCurrent
|
52627 | usd |
CY2023Q3 | us-gaap |
Intangible Assets Current
IntangibleAssetsCurrent
|
29590 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
3231303 | usd |
CY2023Q3 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
2997779 | usd |
CY2024 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | segment |
CY2024 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
20-1970188 | |
CY2024 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2024 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
CY2023Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
9482 | usd |
CY2024Q3 | us-gaap |
Mineral Properties Net
MineralPropertiesNet
|
10500 | usd |
CY2024Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
316032 | usd |
CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-15524969 | usd |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-14526485 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2855786 | usd |
CY2024 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-3555 | usd |
CY2024 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-10544 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-49969 | usd |
CY2024 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
628 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
21958 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-665810 | usd |
CY2024 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-79688 | usd |
CY2023Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
0 | shares |
CY2024 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2024 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
BC | |
CY2024 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
BC | |
CY2024 | dei |
Document Annual Report
DocumentAnnualReport
|
true | |
CY2024 | dei |
City Area Code
CityAreaCode
|
250 | |
CY2024 | dei |
Local Phone Number
LocalPhoneNumber
|
870-2219 | |
CY2024 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2024 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2024 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
CY2024 | dei |
Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
|
false | |
CY2024 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
CY2024Q1 | dei |
Entity Public Float
EntityPublicFloat
|
2657000 | usd |
CY2024Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
155166088 | shares |
CY2024 | dei |
Auditor Name
AuditorName
|
DAVIDSON & COMPANY LLP | |
CY2024 | dei |
Auditor Location
AuditorLocation
|
Vancouver, Canada | |
CY2024 | dei |
Auditor Firm
AuditorFirmId
|
731 | |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
259581 | usd |
CY2024Q3 | us-gaap |
Marketable Securities
MarketableSecurities
|
67516 | usd |
CY2023Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2024Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
26598 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1025608 | usd |
CY2023 | enrt |
Stock Issued During Period Value Warrants Issued For Cash
StockIssuedDuringPeriodValueWarrantsIssuedForCash
|
2000 | usd |
CY2023 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-681 | usd |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1831497 | usd |
CY2023 | us-gaap |
Other Expenses
OtherExpenses
|
89733 | usd |
CY2024 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
25493 | usd |
CY2023 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
63293 | usd |
CY2024 | us-gaap |
Legal Fees
LegalFees
|
78094 | usd |
CY2024 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2024 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
155166088 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
155142937 | shares |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
179893 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
259581 | usd |
CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-15524969 | usd |
CY2024Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
118845 | usd |
CY2023Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
41500 | usd |
CY2024 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="margin-left:18pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>f.</strong> <strong>Accounting Estimates</strong></span></span></p> <p style="margin-left:18pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The preparation of consolidated financial statements in conformity with U.S GAAP requires us to make certain estimates, judgements and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Some of the Company's accounting policies require us to make subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. These accounting policies involve critical accounting estimates because they are particularly dependent on estimates and assumptions made by management about matters that are highly uncertain at the time the accounting estimates are made. Although we have used our best estimates based on facts and circumstances available to us at the time, different estimates reasonably could have been used. Changes in the accounting estimates used by the Company are reasonably likely to occur from time to time, which may have a material effect on the presentation of financial condition and results of operations.</span></span></p> <p style="margin-left:18pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The Company reviews these estimates, judgments and assumptions periodically and reflect the effects of revisions in the period in which they are deemed to be necessary. We believe that these estimates are reasonable; however, actual results could differ from these estimates.</span></span></p> <p style="margin-left:18pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Significant accounting estimates and assumptions are used for, but not limited to:</span></span></p> <p style="margin-left:54pt;text-indent:-18pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">a) The Valuation of Deferred Tax Assets</span></span></p> <p style="margin-left:36pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Judgement is required in determining whether deferred tax assets are recognized on the balance sheet. The recognition of deferred tax assets requires management to assess the likelihood that the Company will generate taxable income in future periods to utilize the deferred tax assets. Due to the Company's history of losses, deferred tax assets have not been recognized by the Company.</span></span></p> <div></div> <p style="margin-left:36pt;text-align:justify;margin-top:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">b) Value of Stock Options</span></span></p> <p style="margin-left:36pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The Company provides compensation benefits to its employees, directors, officers, and consultants, through a stock option plan. The fair value of each option award is estimated on the date of grant using the Black-Scholes option pricing model. Expected volatility assumption used in the model is based on the historical volatility of the Company's share price. The Company uses historical data to estimate the period of option exercises for use in the valuation model. The risk-free interest rate for the expected term of the option is based on the yields of government bonds. Changes in these assumptions, especially the share price volatility and the expected life determination could have a material impact on the Company's profit and loss for the periods presented. All estimates used in the model are based on historical data which may not be representative of future results.</span></span></p> <p style="margin-left:36pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">c) Fair value of shares issued in non cash transactions</span></span></p> <p style="margin-left:36pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The Company at times grants common shares in lieu of cash to certain vendors for their services to the Company. The Company recognizes the associated cost in the same period and manner as if the Company paid cash for the services provided by calculating the fair value of the share offering at the cost of the service provided.</span></span></p> </div> | |
CY2024Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
118845 | usd |
CY2023Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
41500 | usd |
CY2024 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="margin-left:18pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>f.</strong> <strong>Accounting Estimates</strong></span></span></p> <p style="margin-left:18pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The preparation of consolidated financial statements in conformity with U.S GAAP requires us to make certain estimates, judgements and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Some of the Company's accounting policies require us to make subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. These accounting policies involve critical accounting estimates because they are particularly dependent on estimates and assumptions made by management about matters that are highly uncertain at the time the accounting estimates are made. Although we have used our best estimates based on facts and circumstances available to us at the time, different estimates reasonably could have been used. Changes in the accounting estimates used by the Company are reasonably likely to occur from time to time, which may have a material effect on the presentation of financial condition and results of operations.</span></span></p> <p style="margin-left:18pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The Company reviews these estimates, judgments and assumptions periodically and reflect the effects of revisions in the period in which they are deemed to be necessary. We believe that these estimates are reasonable; however, actual results could differ from these estimates.</span></span></p> <p style="margin-left:18pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Significant accounting estimates and assumptions are used for, but not limited to:</span></span></p> <p style="margin-left:54pt;text-indent:-18pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">a) The Valuation of Deferred Tax Assets</span></span></p> <p style="margin-left:36pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Judgement is required in determining whether deferred tax assets are recognized on the balance sheet. The recognition of deferred tax assets requires management to assess the likelihood that the Company will generate taxable income in future periods to utilize the deferred tax assets. Due to the Company's history of losses, deferred tax assets have not been recognized by the Company.</span></span></p> <div></div> <p style="margin-left:36pt;text-align:justify;margin-top:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">b) Value of Stock Options</span></span></p> <p style="margin-left:36pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The Company provides compensation benefits to its employees, directors, officers, and consultants, through a stock option plan. The fair value of each option award is estimated on the date of grant using the Black-Scholes option pricing model. Expected volatility assumption used in the model is based on the historical volatility of the Company's share price. The Company uses historical data to estimate the period of option exercises for use in the valuation model. The risk-free interest rate for the expected term of the option is based on the yields of government bonds. Changes in these assumptions, especially the share price volatility and the expected life determination could have a material impact on the Company's profit and loss for the periods presented. All estimates used in the model are based on historical data which may not be representative of future results.</span></span></p> <p style="margin-left:36pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">c) Fair value of shares issued in non cash transactions</span></span></p> <p style="margin-left:36pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The Company at times grants common shares in lieu of cash to certain vendors for their services to the Company. The Company recognizes the associated cost in the same period and manner as if the Company paid cash for the services provided by calculating the fair value of the share offering at the cost of the service provided.</span></span></p> </div> | |
CY2024 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div> <p style="margin-left:18pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>n.</strong> <strong>Concentration of credit risk</strong></span></span></p> <p style="margin-left:18pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The Company places its cash with high credit quality financial institutions.</span></span></p> </div> | |
CY2024 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div> <p style="margin-left:18pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>n.</strong> <strong>Concentration of credit risk</strong></span></span></p> <p style="margin-left:18pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The Company places its cash with high credit quality financial institutions.</span></span></p> </div> | |
CY2024 | enrt |
Drilling Expenses
DrillingExpenses
|
0 | usd |
CY2023 | enrt |
Geologists Expenses
GeologistsExpenses
|
77379 | usd |
CY2024 | enrt |
Sample Assays
SampleAssays
|
21175 | usd |
CY2023 | enrt |
Sample Assays
SampleAssays
|
31441 | usd |
CY2024 | enrt |
Travel And Other Expenses
TravelAndOtherExpenses
|
19943 | usd |
CY2023 | enrt |
Travel And Other Expenses
TravelAndOtherExpenses
|
30675 | usd |
CY2024 | us-gaap |
Exploration Expense
ExplorationExpense
|
55480 | usd |
CY2023 | us-gaap |
Exploration Expense
ExplorationExpense
|
464665 | usd |
CY2024 | enrt |
Geologists Expenses
GeologistsExpenses
|
14362 | usd |
CY2024 | us-gaap |
Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
|
between 5-1 to 20-1 shares outstanding | |
CY2024Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2024 | us-gaap |
Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
|
between 5-1 to 20-1 shares outstanding | |
CY2024Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2024Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
enrt |
Stock Issued During Period Shares Warrants Exercised
StockIssuedDuringPeriodSharesWarrantsExercised
|
50000 | shares | |
enrt |
Number Of Warrants Exercised
NumberOfWarrantsExercised
|
50000 | shares | |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | usd |
CY2024 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
0 | shares |
CY2024 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | |
CY2024 | enrt |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriod
|
0 | shares |
CY2024 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.09 | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
0 | usd |
CY2024Q3 | us-gaap |
Share Price
SharePrice
|
0.009 | |
CY2024Q3 | enrt |
Prepaid Expenses Current Exploration Costs
PrepaidExpensesCurrentExplorationCosts
|
22673 | usd |
CY2023Q3 | enrt |
Prepaid Expenses Current Exploration Costs
PrepaidExpensesCurrentExplorationCosts
|
28400 | usd |
CY2024Q3 | enrt |
Prepaid Expenses Fees And Dues
PrepaidExpensesFeesAndDues
|
9256 | usd |
CY2023Q3 | enrt |
Prepaid Expenses Fees And Dues
PrepaidExpensesFeesAndDues
|
0 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | usd |
CY2024 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
0 | shares |
CY2024 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | |
CY2024 | enrt |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriod
|
0 | shares |
CY2024 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | |
CY2024 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P1Y10M28D | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
0 | usd |
CY2023 | enrt |
Class Of Warrant Or Right Forfeited In Period Weighted Average Exercise Price
ClassOfWarrantOrRightForfeitedInPeriodWeightedAverageExercisePrice
|
0.04 | |
CY2023 | enrt |
Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
|
50000 | shares |
CY2023 | enrt |
Class Of Warrant Or Right Exercises In Period Weighted Average Exercise Price
ClassOfWarrantOrRightExercisesInPeriodWeightedAverageExercisePrice
|
0.04 | |
CY2024Q3 | us-gaap |
Prepaid Advertising
PrepaidAdvertising
|
0 | usd |
CY2024Q3 | enrt |
Prepaid Expenses Current Consultants
PrepaidExpensesCurrentConsultants
|
12000 | usd |
CY2023Q3 | enrt |
Prepaid Expenses Current Consultants
PrepaidExpensesCurrentConsultants
|
8000 | usd |
CY2023Q3 | enrt |
Prepaid Expenses Fees And Dues
PrepaidExpensesFeesAndDues
|
0 | usd |
CY2024Q3 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
33720 | usd |
CY2023Q3 | enrt |
Prepaid Expenses Current Office Expenses
PrepaidExpensesCurrentOfficeExpenses
|
30 | usd |
CY2024Q3 | enrt |
Prepaid Expenses Research And Development
PrepaidExpensesResearchAndDevelopment
|
0 | usd |
CY2023Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
89338 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
566819 | usd |
CY2024Q3 | enrt |
Deferred Tax Assets Marketable Securities
DeferredTaxAssetsMarketableSecurities
|
79339 | usd |
CY2023Q3 | enrt |
Deferred Tax Assets Marketable Securities
DeferredTaxAssetsMarketableSecurities
|
206303 | usd |
CY2023Q3 | enrt |
Deferred Tax Assets Mineral Property
DeferredTaxAssetsMineralProperty
|
25465 | usd |
CY2024Q3 | enrt |
Prepaid Expenses Research And Development
PrepaidExpensesResearchAndDevelopment
|
0 | usd |
CY2023Q3 | enrt |
Prepaid Expenses Research And Development
PrepaidExpensesResearchAndDevelopment
|
5400 | usd |
CY2024Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
78794 | usd |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2024Q3 | enrt |
Deferred Tax Assets Marketable Securities
DeferredTaxAssetsMarketableSecurities
|
79339 | usd |
CY2023Q3 | enrt |
Deferred Tax Assets Marketable Securities
DeferredTaxAssetsMarketableSecurities
|
206303 | usd |
CY2023Q3 | enrt |
Deferred Tax Assets Mineral Property
DeferredTaxAssetsMineralProperty
|
25465 | usd |
CY2024Q3 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
10500 | usd |
CY2023Q3 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
10500 | usd |