2022 Q3 Form 10-Q Financial Statement
#000149315222023693 Filed on August 22, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $470.2K | $895.2K | |
YoY Change | -53.56% | -41.47% | |
Cost Of Revenue | $173.9K | $510.7K | $728.9K |
YoY Change | -80.8% | 17.27% | -41.3% |
Gross Profit | -$173.9K | -$40.48K | $166.3K |
YoY Change | -131.15% | -107.01% | -42.2% |
Gross Profit Margin | -8.61% | 18.58% | |
Selling, General & Admin | $226.4K | $236.2K | $328.6K |
YoY Change | -11.52% | -32.77% | 13.27% |
% of Gross Profit | 197.61% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $24.06K | $10.85K | $11.53K |
YoY Change | 84.65% | -22.0% | -5.18% |
% of Gross Profit | 6.93% | ||
Operating Expenses | $227.6K | $237.4K | $330.1K |
YoY Change | -11.79% | -32.92% | 12.98% |
Operating Profit | -$401.5K | -$277.8K | -$163.8K |
YoY Change | -233.65% | -224.44% | 3580.22% |
Interest Expense | $760.1K | $682.6K | -$604.5K |
YoY Change | -438.25% | -38.31% | -85.47% |
% of Operating Profit | |||
Other Income/Expense, Net | -$737.6K | -$214.1K | $5.890K |
YoY Change | -25447.49% | -104.86% | -52.5% |
Pretax Income | -$1.139M | -$491.9K | -$854.8K |
YoY Change | 3185.49% | -110.64% | -83.71% |
Income Tax | $54.72K | $32.00 | $27.38K |
% Of Pretax Income | |||
Net Earnings | -$1.193M | -$491.7K | -$882.2K |
YoY Change | 3290.34% | -110.63% | -83.68% |
Net Earnings / Revenue | -104.57% | -98.55% | |
Basic Earnings Per Share | $0.00 | $0.00 | -$0.01 |
Diluted Earnings Per Share | $0.00 | $0.00 | -$5.166K |
COMMON SHARES | |||
Basic Shares Outstanding | 244.6M shares | 200.0M shares | 170.7M shares |
Diluted Shares Outstanding | 243.8M shares | 200.0M shares | 170.7M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.490K | $33.50K | $95.92K |
YoY Change | -98.21% | -80.35% | 15.11% |
Cash & Equivalents | $2.488K | $33.50K | $95.92K |
Short-Term Investments | |||
Other Short-Term Assets | $14.16K | $48.94K | $33.67K |
YoY Change | -73.56% | 171.89% | 87.47% |
Inventory | $738.5K | $527.1K | $445.7K |
Prepaid Expenses | |||
Receivables | $20.49K | $21.91K | $17.85K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $775.6K | $631.5K | $593.2K |
YoY Change | 21.51% | -26.48% | 49.99% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $702.9K | $451.9K | $456.7K |
YoY Change | 52.35% | -1.28% | 7.7% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $159.6K | $160.7K | $161.6K |
YoY Change | -2.28% | -2.46% | -1.28% |
Total Long-Term Assets | $888.9K | $642.3K | $618.3K |
YoY Change | 42.29% | 3.17% | 5.2% |
TOTAL ASSETS | |||
Total Short-Term Assets | $775.6K | $631.5K | $593.2K |
Total Long-Term Assets | $888.9K | $642.3K | $618.3K |
Total Assets | $1.665M | $1.274M | $1.211M |
YoY Change | 31.79% | -14.02% | 23.22% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.054M | $884.3K | $718.8K |
YoY Change | 75.45% | 39.32% | 5.17% |
Accrued Expenses | $5.445M | $5.027M | $15.28M |
YoY Change | -56.77% | -58.65% | 34.79% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $2.615M | $2.543M | $2.227M |
YoY Change | -63.28% | -64.71% | -68.61% |
Long-Term Debt Due | $3.885M | $3.748M | $3.758M |
YoY Change | 1.47% | -3.08% | 12.97% |
Total Short-Term Liabilities | $27.98M | $26.50M | $26.09M |
YoY Change | -3.41% | -9.48% | -22.34% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $5.498M | $5.439M | $5.439M |
YoY Change | 5897.85% | 5833.22% | 1136.3% |
Other Long-Term Liabilities | $736.5K | $727.2K | $713.3K |
YoY Change | 10.14% | 7.24% | 18.0% |
Total Long-Term Liabilities | $6.235M | $6.166M | $6.152M |
YoY Change | 719.97% | 701.01% | 489.04% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $27.98M | $26.50M | $26.09M |
Total Long-Term Liabilities | $6.235M | $6.166M | $6.152M |
Total Liabilities | $34.21M | $32.66M | $32.24M |
YoY Change | 15.12% | 8.75% | -6.93% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$40.08M | -$38.88M | |
YoY Change | |||
Common Stock | $2.446K | $2.352K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$32.54M | -$31.38M | -$31.02M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.665M | $1.274M | $1.211M |
YoY Change | 31.79% | -14.02% | 23.22% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.193M | -$491.7K | -$882.2K |
YoY Change | 3290.34% | -110.63% | -83.68% |
Depreciation, Depletion And Amortization | $24.06K | $10.85K | $11.53K |
YoY Change | 84.65% | -22.0% | -5.18% |
Cash From Operating Activities | -$10.55K | -$308.1K | -$46.01K |
YoY Change | -107.56% | -996.02% | -168.92% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$5.610K | -$40.19K | -$3.980K |
YoY Change | -76.25% | -11920.59% | -83.05% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Cash From Investing Activities | -$5.610K | -$40.19K | -$3.980K |
YoY Change | -76.24% | -12278.79% | -100.94% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -14.80K | 285.9K | 90.59K |
YoY Change | -89.94% | 445.86% | -120.51% |
NET CHANGE | |||
Cash From Operating Activities | -10.55K | -308.1K | -46.01K |
Cash From Investing Activities | -5.610K | -40.19K | -3.980K |
Cash From Financing Activities | -14.80K | 285.9K | 90.59K |
Net Change In Cash | -30.96K | -62.32K | 40.60K |
YoY Change | -0.71% | -171.56% | -16.87% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$10.55K | -$308.1K | -$46.01K |
Capital Expenditures | -$5.610K | -$40.19K | -$3.980K |
Free Cash Flow | -$4.940K | -$267.9K | -$42.03K |
YoY Change | -103.03% | -886.9% | -146.58% |
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|
-10699 | usd |
CY2021Q4 | us-gaap |
Minority Interest
MinorityInterest
|
-10244 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-31389072 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-30275558 | usd |
CY2022Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1273717 | usd |
CY2021Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1172037 | usd |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
470198 | usd |
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1012575 | usd |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
1677125 | usd | |
CY2022Q2 | us-gaap |
Gross Profit
GrossProfit
|
-40481 | usd |
CY2021Q2 | us-gaap |
Gross Profit
GrossProfit
|
577098 | usd |
us-gaap |
Gross Profit
GrossProfit
|
125809 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
864779 | usd | |
CY2022Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
236160 | usd |
CY2021Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
351260 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
564764 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-624305 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-843121 | usd | |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-491929 | usd |
CY2021Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
4624140 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1346762 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
641364 | usd | |
CY2022Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1194 | usd |
CY2021Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2571 | usd |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2653 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
4599 | usd | |
CY2022Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
237354 | usd |
CY2021Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
353831 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
567417 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
645963 | usd | |
CY2022Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-277835 | usd |
CY2021Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
223267 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-441608 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
218816 | usd | |
CY2022Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1782 | usd |
CY2021Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-5506 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
7667 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
6896 | usd | |
IMII |
Gain On Forgiveness Of Loan
GainOnForgivenessOfLoan
|
31667 | usd | |
CY2022Q2 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
600094 | usd |
CY2021Q2 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
5907668 | usd |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
645701 | usd | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
2488616 | usd | |
us-gaap |
Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
|
328970 | usd | |
CY2022Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-133345 | usd |
CY2021Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-394722 | usd |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-257503 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-1491474 | usd | |
CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
682625 | usd |
CY2021Q2 | us-gaap |
Interest Expense
InterestExpense
|
1106567 | usd |
us-gaap |
Interest Expense
InterestExpense
|
1332686 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
2176129 | usd | |
CY2022Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-214094 | usd |
CY2021Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
4400873 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-905154 | usd | |
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
32 | usd |
CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
245 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
27414 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
157935 | usd | |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-491961 | usd |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
4623895 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-1374176 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-782240 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-297 | usd |
CY2021Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
333 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-455 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
177 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-491664 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
4623562 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1373721 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-782417 | usd | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
200018099 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
124823312 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
185458156 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
109255630 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
200018099 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
2340253742 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
185458156 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
109255630 | shares | |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-491961 | usd |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
4623895 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-1374176 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-782240 | usd | |
CY2022Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-815 | usd |
CY2021Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-8100 | usd |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-2638 | usd | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-4661 | usd | |
CY2022Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-492776 | usd |
CY2021Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
4615795 | usd |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-1376814 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-786901 | usd | |
CY2021Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-292 | usd |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
160 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-128 | usd | |
CY2022Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-492776 | usd |
CY2021Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
4616087 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1376974 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-786773 | usd | |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-30275558 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
124299 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
-1823 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-882215 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-31035297 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
133725 | usd |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
4461 | usd |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-491961 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-31389072 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-29467242 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1208642 | usd |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
3439 | usd |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-5406135 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-33661296 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
484076 | usd |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
-8100 | usd |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
4623895 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-28561425 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-1374176 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-782240 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
22377 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
26065 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-257503 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-1491474 | usd | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
645701 | usd | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
2488616 | usd | |
IMII |
Gain On Forgiveness Of Loan
GainOnForgivenessOfLoan
|
31667 | usd | |
us-gaap |
Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
|
328970 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
826 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
742745 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
9830 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
496 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
67313 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-78714 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
28405 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-4456 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
908345 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
672295 | usd | |
IMII |
Increase Decrease Accounts Payable And Accrued Liabilities Related Parties
IncreaseDecreaseAccountsPayableAndAccruedLiabilitiesRelatedParties
|
613981 | usd | |
IMII |
Increase Decrease Accounts Payable And Accrued Liabilities Related Parties
IncreaseDecreaseAccountsPayableAndAccruedLiabilitiesRelatedParties
|
617789 | usd | |
IMII |
Increase Decrease In Secured Borrowings
IncreaseDecreaseInSecuredBorrowings
|
-67924 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-354060 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
101140 | usd | |
us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
447136 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
44167 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
23144 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-44167 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
423992 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
37891 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
473900 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
777000 | usd | |
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
168857 | usd | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
-217514 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
31667 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
888300 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
742500 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
376509 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-389204 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-60 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
196 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-21778 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
136124 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
55273 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
34358 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
33495 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
170482 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
158851 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
249931 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
33832 | usd | |
IMII |
Common Stock Issued For Conversion Of Debt
CommonStockIssuedForConversionOfDebt
|
258023 | usd | |
IMII |
Common Stock Issued For Conversion Of Debt
CommonStockIssuedForConversionOfDebt
|
1692718 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_80C_eus-gaap--NatureOfOperations_z30frYEbV4B3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b>1. <span id="xdx_822_ztjJ14CCVxUj">Nature of Business</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; font-size: 10pt"> </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; font-size: 10pt; background-color: white">Inception Mining, Inc. (formerly known as Gold American Mining Corp.) was incorporated under the name of Golf Alliance Corporation and under the laws of the State of Nevada on July 2, 2007. Inception Mining, Inc. is a precious metal mineral acquisition, exploration and development company. Inception Development, Inc., its wholly owned subsidiary, was incorporated under the laws of the State of Idaho on January 28, 2013.</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; font-size: 10pt"> </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; font-size: 10pt; background-color: white">Golf Alliance Corporation pursued its original business plan to provide opportunities for golfers to play on private golf courses normally closed to them due to the membership requirements of the private clubs. During the year ended July 31, 2010, the Company decided to redirect its business focus toward precious metal mineral acquisition and exploration.</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; font-size: 10pt"> </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; font-size: 10pt; background-color: white">On March 5, 2010, the Company amended its articles of incorporation to (1) change its name to Silver America, Inc. and (2) increase its authorized common stock from <span id="xdx_90C_eus-gaap--CommonStockSharesAuthorized_c20100304_pdd">100,000,000</span> to <span id="xdx_90B_eus-gaap--CommonStockSharesAuthorized_c20100305_pdd">500,000,000</span>. In 2020 the Company increased its authorized common stock from <span id="xdx_906_eus-gaap--CommonStockSharesAuthorized_iI_c20201230_zPuTq3p5h8ge">500,000,000</span> to <span id="xdx_908_eus-gaap--CommonStockSharesAuthorized_iI_c20201231_zE3LyYeRWJSc" title="Common stock, shares authorized">800,000,000</span>.</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; font-size: 10pt"> </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; font-size: 10pt; background-color: white">On June 23, 2010, the Company amended its articles of incorporation to change its name to Gold American Mining Corp.</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; font-size: 10pt"> </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; font-size: 10pt; background-color: white">On November 21, 2012, the Company implemented a <span id="xdx_907_eus-gaap--StockholdersEquityReverseStockSplit_c20121120__20121121_zW9At57Q4GXd" title="Reverse stock split description">200 to 1 reverse stock split.</span> <span id="xdx_906_eus-gaap--StockholdersEquityNoteStockSplit_c20121120__20121121_z2XnRp2wPwP9" title="Cancellation of stock split shares, description">Upon effectiveness of the stock split, each shareholder canceled 200 shares of common stock for every share of common stock owned as of November 21, 2012.</span> This reverse stock split was effective on February 13, 2013. All share and per share references have been retroactively adjusted to reflect this 200 to 1 reverse stock split in the financial statements and in the notes to financial statements for all periods presented, to reflect the stock split as if it occurred on the first day of the first period presented.</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; font-size: 10pt"> </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; font-size: 10pt; background-color: white">On February 25, 2013, Gold American Mining Corp. and its majority shareholder (the “Majority Shareholder”), and its wholly owned subsidiary, <span id="xdx_907_eus-gaap--BusinessAcquisitionEquityInterestIssuedOrIssuableDescription_c20130220__20130225__us-gaap--BusinessAcquisitionAxis__custom--GoldAmericanMiningCorpMember_zfOv059vOAH4" title="Description of equity interests issued or issuable to acquire the entity">Inception Development Inc. (the “Subsidiary”), entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) with Inception Resources, LLC, a Utah corporation (“Inception Resources”), pursuant to which Inception purchased the U.P. and Burlington Gold Mine in consideration of <span id="xdx_903_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20130220__20130225_zyQlm546j7Be" title="Stock issued during period for consideration of acquisition, shares">16,000,000</span> shares of common stock of Inception, the assumption of promissory notes in the amount of $<span id="xdx_90E_eus-gaap--NotesPayableRelatedPartiesCurrentAndNoncurrent_iI_pp0p0_c20130225_ztz1hPm2xtCc" title="Promissory note issued to related party">950,000</span> and the assignment of a <span id="xdx_90A_ecustom--PercentageOfNetRoyalty_pid_dp_uPure_c20130220__20130225_zF2twv6zsGV4" title="Percentage of net royalty">3</span>% net royalty.</span> Inception Resources was an entity owned by and under the control of the majority shareholder. This transaction is deemed an asset purchase by entities under common control. The Asset Purchase Agreement closed on February 25, 2013 (the “Closing”). Inception was a “shell company” (as such term is defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended) immediately prior to our acquisition of the gold mine pursuant to the terms of the Asset Purchase Agreement. As a result of such acquisition, the Company’s operations were then focused on the ownership and operation of the mine acquired from Inception Resources and the Company then ceased to be a shell company as it no longer has nominal operations. On February 21, 2020, the Company sold the Up & Burlington property and mineral rights to Ounces High Exploration, Inc. in exchange for $<span id="xdx_903_ecustom--CashConsiderationValueReceivedInExchangeOfProperties_c20200221__20200221__dei--LegalEntityAxis__custom--OuncesHighExplorationIncMember_zqihf1JvkcP1" title="Cash consideration received in exchange of properties">250,000</span> in cash consideration and <span id="xdx_90C_ecustom--NumberOfSharesSoldInExchangeOfProperties_pid_c20200221__20200221__dei--LegalEntityAxis__custom--OuncesHighExplorationIncMember_zfeIvy3ulc0f" title="Number of shares sold in exchange of properties">66,974,252</span> shares of common stock of Hawkstone Mining Limited, a publicly-trade Australian company.</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; font-size: 10pt"> </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; font-size: 10pt; background-color: white">On May 17, 2013, the Company amended its articles of incorporation to change its name to Inception Mining, Inc. (“Inception” or the “Company”).</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; font-size: 10pt"> </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; font-size: 10pt; background-color: white">On October 2, 2015, the Company consummated a merger with Clavo Rico Ltd. (“Clavo Rico”). Clavo Rico is a privately held Turks and Caicos company with principal operations in Honduras, Central America. Clavo Rico operates the Clavo Rico mining concession through its subsidiaries Compañía Minera Cerros del Sur, S.A de C.V. and Compañía Minera Clavo Rico, S.A. de C.V. and holds other mining concessions. Pursuant to the agreement, the Company issued <span id="xdx_90A_eus-gaap--DebtConversionConvertedInstrumentSharesIssued1_c20150929__20151002__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ClavoRicoLtdMember_z313vJyGatli" title="Shares issued for conversion of debt, shares">240,225,901</span> shares of common stock of Inception and assumed promissory notes in the amount of $<span id="xdx_907_eus-gaap--DebtConversionConvertedInstrumentAmount1_pp0p0_c20150929__20151002__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ClavoRicoLtdMember_zJET5kUFYVi2" title="Shares issued for conversion of debt">5,488,980</span> and accrued interest of $<span id="xdx_902_eus-gaap--InterestPayableCurrentAndNoncurrent_iI_pp0p0_c20151002__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ClavoRicoLtdMember_z6UzDxMWzsr2" title="Accrued interest">3,434,426</span>. Under this merger agreement, there was a change in control, and it has been treated for accounting purposes as a reverse recapitalization with Clavo Rico, Ltd. being the surviving entity. Its workings include several historical underground operations dating back to the early Mayan and Spanish occupation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">The Company’s primary mine is located on the 200-hectare Clavo Rico Concession, located in southern Honduras. This mine was originally explored and exploited in the 16th century by the Spanish, and more recently has been operated by Compañía Minera Cerros del Sur, S.A. de C.V. as a small family business. In 2003, Clavo Rico’s predecessor purchased a <span id="xdx_906_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20031231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ClavoRicoLtdMember_zHlbKVdAF0Ok" title="Percentage of equity ownership interest rate">20</span>% interest and later increased its ownership to <span id="xdx_908_ecustom--EquityMethodInvestmentOwnershipPercentageIncreased_iI_pid_dp_uPure_c20031231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ClavoRicoLtdMember_zd7V55VhxCOl" title="Percentage of equity ownership interest rate">99.9</span>%.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b>COVID-19 </b>- The challenges posed by the COVID-19 pandemic on the global economy increased significantly as the first quarter of 2020 progressed. COVID-19 has spread across the globe during 2020 and is impacting economic activity worldwide. In response to COVID-19, national and local governments around the world have instituted certain measures, including travel bans, prohibitions on group events and gatherings, shutdowns of certain businesses, curfews, shelter-in-place orders and recommendations to practice social distancing. Based on management’s assessment as of June 30, 2022, the ultimate impact of COVID-19 on the Company’s business, results of operations, financial condition and cash flows is dependent on future developments, including the duration of the pandemic and the related length of its impact on the global economy, which are uncertain and cannot be predicted at this time.</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; font-size: 10pt"> </span></p> | ||
CY2010Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2010Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
800000000 | shares |
CY2012Q4 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
200 to 1 reverse stock split. | |
CY2012Q4 | us-gaap |
Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
|
Upon effectiveness of the stock split, each shareholder canceled 200 shares of common stock for every share of common stock owned as of November 21, 2012. | |
CY2013Q1 | us-gaap |
Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
|
16000000 | shares |
CY2013Q1 | us-gaap |
Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
|
950000 | usd |
CY2013Q1 | IMII |
Percentage Of Net Royalty
PercentageOfNetRoyalty
|
0.03 | pure |
us-gaap |
Profit Loss
ProfitLoss
|
-1374176 | usd | |
CY2022Q2 | IMII |
Working Capital Deficit
WorkingCapitalDeficit
|
25865147 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84F_eus-gaap--UseOfEstimates_zMRCjBmEUrtg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b><span id="xdx_861_zXDFstGRpsN7">Use of Estimates</span> –</b> In preparing financial statements in conformity with generally accepted accounting principles, we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenditures during the reported periods. Actual results could differ materially from those estimates. Estimates may include those pertaining to valuation of inventories and mineralized material on leach pads, the estimated useful lives and valuation of properties, plant and equipment, mineral rights and properties, deferred tax assets, convertible preferred stock, derivative assets and liabilities, reclamation liabilities, stock-based compensation and payments, and contingent liabilities.</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; font-size: 10pt"> </span></p> | ||
CY2021Q4 | us-gaap |
Fair Value Net Asset Liability
FairValueNetAssetLiability
|
4048650 | usd |
CY2022Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2021Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-491664 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
4623562 | usd |
CY2021Q2 | IMII |
Amortization Of Debt Discounts
AmortizationOfDebtDiscounts
|
260293 | usd |
CY2021Q2 | IMII |
Interest Expenses
InterestExpenses
|
-496837 | usd |
CY2021Q2 | IMII |
Loss On Conversion Of Debt
LossOnConversionOfDebt
|
394722 | usd |
CY2021Q2 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
-5899008 | usd |
us-gaap |
Property Plant And Equipment Preproduction Design And Development Costs
PropertyPlantAndEquipmentPreproductionDesignAndDevelopmentCosts
|
<p id="xdx_848_eus-gaap--PropertyPlantAndEquipmentPreproductionDesignAndDevelopmentCosts_zQFuxAZxhmS9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b><span id="xdx_86A_zCJrLQQxR3pl">Exploration and Development Costs</span> -</b> Costs of acquiring mining properties and any exploration and development costs are expensed as incurred unless proven and probable reserves exist and the property is a commercially mineable property in accordance with FASB ASC 930, <i>Extractive Activities- Mining</i>. Mine development costs incurred either to develop new gold and silver deposits, expand the capacity of operating mines, or to develop mine areas substantially in advance of current production are capitalized. Costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. Costs of abandoned projects are charged to operations upon abandonment. The Company evaluates, at least quarterly, the carrying value of capitalized mining costs and related property, plant and equipment costs, if any, to determine if these costs are in excess of their net realizable value and if a permanent impairment needs to be recorded. The periodic evaluation of carrying value of capitalized costs and any related property, plant and equipment costs are based upon expected future cash flows and/or estimated salvage value.</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; font-size: 10pt"> </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; font-size: 10pt; background-color: white">The Company capitalizes costs for mining properties by individual property and defers such costs for later amortization only if the prospects for economic productions are reasonably certain.</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; font-size: 10pt"> </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; font-size: 10pt; background-color: white">Capitalized costs are expensed in the period when the determination has been made that economic production does not appear reasonably certain.</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; font-size: 10pt"> </span></p> | ||
CY2022Q2 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
3402949 | usd |
CY2022Q2 | us-gaap |
Fair Value Net Asset Liability
FairValueNetAssetLiability
|
3402949 | usd |
CY2021Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
4048650 | usd |
CY2022Q2 | IMII |
Adjusted Net Loss Controlling Interest
AdjustedNetLossControllingInterest
|
-491664 | usd |
CY2021Q2 | IMII |
Adjusted Net Loss Controlling Interest
AdjustedNetLossControllingInterest
|
-1117268 | usd |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
200018099 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
124823312 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
2215430430 | shares |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
7310 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
14876 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
10505 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
32691 | usd |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
430305633122 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
200018099 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
2340253742 | shares |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1373721 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-782417 | usd | |
IMII |
Adjusted Net Loss Controlling Interest
AdjustedNetLossControllingInterest
|
-1373721 | usd | |
IMII |
Adjusted Net Loss Controlling Interest
AdjustedNetLossControllingInterest
|
-782417 | usd | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
185458156 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
109255630 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
185458156 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
109255630 | shares | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | ||
us-gaap |
Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
|
<p id="xdx_840_eus-gaap--DerivativesReportingOfDerivativeActivity_zxYiUJnGEali" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b><span id="xdx_865_ztP7iC77tw42">Derivative Liabilities</span> -</b> Derivative liabilities are recorded at fair value when issued and the subsequent change in fair value each period is recorded in other income (expense) in the consolidated statements of operations.</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; font-size: 10pt"> </span></p> | ||
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p id="xdx_841_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_z3UrXPnx5l44" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b><span id="xdx_868_zZw907toF6sc">Financial Statement Reclassification</span> </b>– Certain account balances from prior periods have been reclassified in these consolidated financial statements to conform to current period classifications. Some related party notes payable were reclassified from current to long-term.</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; font-size: 10pt"> </span></p> | ||
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
29644 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
36182 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
13293 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
13076 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
16351 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
23106 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
29644 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
36182 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
3047 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
29644 | usd |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
6934 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
8638 | usd | |
CY2022Q2 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
88968 | usd |
CY2021Q4 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
85068 | usd |
CY2022Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
48790 | usd |
CY2021Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
164281 | usd |
CY2022Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
88276 | usd |
CY2021Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
113046 | usd |
CY2022Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
301081 | usd |
CY2021Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
93043 | usd |
CY2022Q2 | us-gaap |
Inventory Net
InventoryNet
|
527115 | usd |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
455438 | usd |
CY2022Q2 | us-gaap |
Inventory Ore Stockpiles On Leach Pads
InventoryOreStockpilesOnLeachPads
|
0 | usd |
CY2021Q4 | us-gaap |
Inventory Ore Stockpiles On Leach Pads
InventoryOreStockpilesOnLeachPads
|
0 | usd |
CY2022Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
235250345 | shares |
CY2022Q2 | us-gaap |
Share Price
SharePrice
|
0.0014 | |
CY2022Q2 | IMII |
Warrant Liability
WarrantLiability
|
0 | usd |
CY2022Q2 | us-gaap |
Land
Land
|
335497 | usd |
CY2021Q4 | us-gaap |
Land
Land
|
305134 | usd |
CY2022Q2 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
2359092 | usd |
CY2021Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
2365584 | usd |
CY2022Q2 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
960715 | usd |
CY2021Q4 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
963289 | usd |
CY2022Q2 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
50197 | usd |
CY2021Q4 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
50331 | usd |
CY2022Q2 | IMII |
Vehicles Gross
VehiclesGross
|
101789 | usd |
CY2021Q4 | IMII |
Vehicles Gross
VehiclesGross
|
102070 | usd |
CY2022Q2 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
39402 | usd |
CY2021Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
26529 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3846692 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3812937 | usd |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3394812 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3381666 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
451880 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
431271 | usd |
us-gaap |
Depreciation
Depreciation
|
22377 | usd | |
us-gaap |
Depreciation
Depreciation
|
26065 | usd | |
us-gaap |
Depreciation
Depreciation
|
22377 | usd | |
us-gaap |
Depreciation
Depreciation
|
26065 | usd | |
CY2022Q2 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
710848 | usd |
CY2021Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
674074 | usd |
CY2021Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
674074 | usd |
CY2020Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
602337 | usd |
us-gaap |
Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
|
36774 | usd | |
CY2021 | us-gaap |
Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
|
71737 | usd |
CY2022Q2 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
710848 | usd |
CY2021Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
674074 | usd |
CY2021Q4 | us-gaap |
Loss Contingency Accrual Payments
LossContingencyAccrualPayments
|
5324206 | usd |
CY2022Q2 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
1500000 | usd |
CY2021Q2 | us-gaap |
Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
|
19408 | usd |
us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
256674 | usd | |
CY2022Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
884273 | usd |
CY2021Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
655048 | usd |
CY2022Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
5026915 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
4429339 | usd |
CY2022Q2 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
786772 | usd |
CY2021Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
644207 | usd |
CY2021Q4 | IMII |
Advances Payable Current
AdvancesPayableCurrent
|
106222 | usd |
CY2022Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
6697960 | usd |
CY2021Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
5834816 | usd |
CY2022Q2 | us-gaap |
Notes Payable
NotesPayable
|
60000 | usd |
CY2021Q4 | us-gaap |
Notes Payable
NotesPayable
|
129558 | usd |
CY2021Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
37891 | usd |
CY2022Q2 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
60000 | usd |
CY2021Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
91667 | usd |
CY2022Q2 | us-gaap |
Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
|
7921531 | usd |
CY2021Q4 | us-gaap |
Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
|
7456791 | usd |
CY2022Q2 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
2542551 | usd |
CY2021Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
2077811 | usd |
CY2022Q2 | us-gaap |
Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
|
5378980 | usd |
CY2021Q4 | us-gaap |
Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
|
5378980 | usd |
CY2022Q2 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
27382 | usd |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
0 | usd |