2023 Q2 Form 10-K Financial Statement
#000149315223017610 Filed on May 16, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2023 |
---|---|---|---|
Revenue | |||
YoY Change | |||
Cost Of Revenue | $45.91K | $172.1K | |
YoY Change | 4.89% | 16.89% | |
Gross Profit | -$45.91K | -$172.1K | |
YoY Change | 4.89% | 16.89% | |
Gross Profit Margin | |||
Selling, General & Admin | $82.70K | $579.5K | |
YoY Change | 27.68% | 106.64% | |
% of Gross Profit | |||
Research & Development | $6.070K | $84.47K | |
YoY Change | 792.65% | 0.26% | |
% of Gross Profit | |||
Depreciation & Amortization | $1.458K | $1.450K | $5.834K |
YoY Change | -0.14% | 0.0% | 0.07% |
% of Gross Profit | |||
Operating Expenses | $134.7K | $836.1K | |
YoY Change | 105.8% | 125.65% | |
Operating Profit | -$134.7K | -$836.1K | |
YoY Change | 23.32% | 61.48% | |
Interest Expense | $47.01K | $245.2K | |
YoY Change | -142.7% | 210.01% | |
% of Operating Profit | |||
Other Income/Expense, Net | $16.10K | $1.402M | |
YoY Change | -98.39% | 1672.49% | |
Pretax Income | -$118.6K | $565.6K | |
YoY Change | -114.61% | -228.93% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$118.6K | $565.6K | |
YoY Change | -114.61% | -228.93% | |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.01 | $0.04 | |
Diluted Earnings Per Share | -$0.01 | $0.04 | |
COMMON SHARES | |||
Basic Shares Outstanding | 20.17M shares | 15.56M shares | |
Diluted Shares Outstanding | 19.24M shares | 15.92M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $6.110K | $32.62K | $32.62K |
YoY Change | -94.99% | -68.25% | -68.25% |
Cash & Equivalents | $6.109K | $32.62K | $32.62K |
Short-Term Investments | |||
Other Short-Term Assets | $31.59K | $6.540K | $6.540K |
YoY Change | 3.17% | -49.96% | -49.96% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $37.70K | $39.16K | $39.16K |
YoY Change | -75.27% | -66.19% | -66.19% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $20.43K | $21.89K | $21.89K |
YoY Change | -22.2% | -21.04% | -21.03% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $20.43K | $21.89K | $21.88K |
YoY Change | -22.23% | -21.04% | -21.07% |
TOTAL ASSETS | |||
Total Short-Term Assets | $37.70K | $39.16K | $39.16K |
Total Long-Term Assets | $20.43K | $21.89K | $21.88K |
Total Assets | $58.13K | $61.04K | $61.04K |
YoY Change | -67.48% | -57.47% | -57.47% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $211.6K | $233.4K | $233.4K |
YoY Change | -20.37% | -51.48% | -51.48% |
Accrued Expenses | $66.21K | $51.76K | $51.76K |
YoY Change | 27.92% | -93.62% | -93.62% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $191.4K | $145.4K | $145.4K |
YoY Change | -32.94% | -26.39% | -26.39% |
Long-Term Debt Due | $1.690K | $1.780K | $1.780K |
YoY Change | |||
Total Short-Term Liabilities | $575.0K | $609.7K | $609.7K |
YoY Change | -59.46% | -60.44% | -60.44% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $30.50K | $30.62K | $30.62K |
YoY Change | -5.86% | -54.42% | -54.42% |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $30.50K | $30.62K | $30.62K |
YoY Change | -5.87% | -54.42% | -54.42% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $575.0K | $609.7K | $609.7K |
Total Long-Term Liabilities | $30.50K | $30.62K | $30.62K |
Total Liabilities | $605.5K | $640.3K | $640.3K |
YoY Change | -58.26% | -60.19% | -60.19% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$57.52M | -$57.40M | |
YoY Change | -0.98% | ||
Common Stock | $57.09M | $56.94M | |
YoY Change | 0.77% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$547.4K | -$579.3K | -$579.3K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $58.13K | $61.04K | $61.04K |
YoY Change | -67.48% | -57.47% | -57.47% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$118.6K | $565.6K | |
YoY Change | -114.61% | -228.93% | |
Depreciation, Depletion And Amortization | $1.458K | $1.450K | $5.834K |
YoY Change | -0.14% | 0.0% | 0.07% |
Cash From Operating Activities | -$119.9K | -$110.3K | -$540.6K |
YoY Change | 11.14% | -35.19% | 5.7% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $5.000K | |
YoY Change | |||
Cash From Investing Activities | $0.00 | $5.000K | |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $195.0K | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $93.41K | 92.24K | $465.5K |
YoY Change | -26.45% | -62.79% | -23.37% |
NET CHANGE | |||
Cash From Operating Activities | -$119.9K | -110.3K | -$540.6K |
Cash From Investing Activities | 0.000 | $5.000K | |
Cash From Financing Activities | $93.41K | 92.24K | $465.5K |
Net Change In Cash | -$26.51K | -18.11K | -$70.13K |
YoY Change | -238.71% | -123.34% | -173.03% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$119.9K | -$110.3K | -$540.6K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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Professional Fees
ProfessionalFees
|
197517 | usd |
CY2023 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
405840 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
517760 | usd |
CY2023 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-836071 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-517760 | usd |
CY2023 | us-gaap |
Interest Expense
InterestExpense
|
245156 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
147199 | usd |
CY2023 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
1065 | usd |
CY2023 | LBSR |
Gain On Forgiveness Of Loan
GainOnForgivenessOfLoan
|
32851 | usd |
CY2023 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
998284 | usd |
CY2023 | LBSR |
Gain On Disposal Of Fixed Asset
GainOnDisposalOfFixedAsset
|
5000 | usd |
CY2023 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
609622 | usd |
CY2022 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
226278 | usd |
CY2023 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
1401666 | usd |
CY2022 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
79079 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
565595 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-438681 | usd |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
15558746 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10647908 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
15916651 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
10647908 | shares |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2011477 | usd |
CY2022 | LBSR |
Stock Issued During Period Common Stock And Warrants In Private Placement Net
StockIssuedDuringPeriodCommonStockAndWarrantsInPrivatePlacementNet
|
157100 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
132374 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
217540 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
626187 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
-734070 | usd |
CY2022 | LBSR |
Resolution Of Derivative Liabilities Due To Debt Conversions And Untainted Warrants
ResolutionOfDerivativeLiabilitiesDueToDebtConversionsAndUntaintedWarrants
|
585957 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-438681 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1465070 | usd |
CY2023 | LBSR |
Stock Issued During Period Common Stock And Warrants In Private Placement Net
StockIssuedDuringPeriodCommonStockAndWarrantsInPrivatePlacementNet
|
5000 | usd |
CY2023 | LBSR |
Issuance Of Common Stock And Warrants In Private Placement And Warrant Exercises Related Party
IssuanceOfCommonStockAndWarrantsInPrivatePlacementAndWarrantExercisesRelatedParty
|
3000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
187030 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
374640 | usd |
CY2023 | LBSR |
Shares Issued To Settle Liabilities Related Party
SharesIssuedToSettleLiabilitiesRelatedParty
|
18650 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
276692 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
44707 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
-734294 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
|
144764 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
565595 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-579286 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
565595 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-438681 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
5834 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
5834 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
276692 | usd |
CY2023 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
229698 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
97429 | usd |
CY2023 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
609622 | usd |
CY2022 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
226278 | usd |
CY2023 | LBSR |
Gain On Forgiveness Of Loan
GainOnForgivenessOfLoan
|
32851 | usd |
CY2023 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
998284 | usd |
CY2023 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
5000 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-31276 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
8251 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-3940 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-7177 | usd |
CY2022 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
10716 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-540602 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-511448 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
|
5000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
5000 | usd |
CY2023 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
24550 | usd |
CY2023 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
18996 | usd |
CY2022 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
32497 | usd |
CY2023 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
50000 | usd |
CY2023 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
21996 | usd |
CY2023 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
236889 | usd |
CY2022 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
285500 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
195030 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
287374 | usd |
CY2022 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
2100 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
465477 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
607471 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-70125 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
96023 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
102741 | usd |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
6718 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
32616 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
102741 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
942 | usd |
CY2023 | LBSR |
Resolution Of Derivative Liabilities Due To Debt Conversions And Untainted Warrants
ResolutionOfDerivativeLiabilitiesDueToDebtConversionsAndUntaintedWarrants
|
144764 | usd |
CY2022 | LBSR |
Resolution Of Derivative Liabilities Due To Debt Conversions And Untainted Warrants
ResolutionOfDerivativeLiabilitiesDueToDebtConversionsAndUntaintedWarrants
|
585957 | usd |
CY2023 | LBSR |
Reclass Of Apic To Derivative Liabilities For Tainted Warrants
ReclassOfApicToDerivativeLiabilitiesForTaintedWarrants
|
734294 | usd |
CY2022 | LBSR |
Reclass Of Apic To Derivative Liabilities For Tainted Warrants
ReclassOfApicToDerivativeLiabilitiesForTaintedWarrants
|
734070 | usd |
CY2023 | LBSR |
Debt Discounts Due To Derivative Liabilities
DebtDiscountsDueToDerivativeLiabilities
|
192485 | usd |
CY2022 | LBSR |
Debt Discounts Due To Derivative Liabilities
DebtDiscountsDueToDerivativeLiabilities
|
78165 | usd |
CY2023 | us-gaap |
Stock Issued1
StockIssued1
|
374640 | usd |
CY2022 | us-gaap |
Stock Issued1
StockIssued1
|
217540 | usd |
CY2023 | us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
18096 | usd |
CY2022 | us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
54960 | usd |
CY2023 | LBSR |
Prepaid Insurance Financed With Note Payable
PrepaidInsuranceFinancedWithNotePayable
|
24750 | usd |
CY2023 | LBSR |
Shares Issued For Settlement Of Liability
SharesIssuedForSettlementOfLiability
|
18650 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-438681 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_844_eus-gaap--UseOfEstimates_zeC4QmL1uv4i" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_862_zRYLKPjQlkT7">Use of estimates</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The valuation of stock-based compensation, classification and valuation of common stock purchase warrants, classification and value of embedded conversion options, value of beneficial conversion features, valuation allowance on deferred tax assets, the determination of useful lives and recoverability of depreciable assets, accruals, and contingencies are significant estimates made by management. It is at least reasonably possible that a change in these estimates may occur in the near term.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023Q1 | us-gaap |
Cash
Cash
|
0 | usd |
CY2022Q1 | us-gaap |
Cash
Cash
|
0 | usd |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
15558746 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10647908 | shares |
CY2023 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
500 | usd |
CY2023 | LBSR |
Shares Of Convertible Debt
SharesOfConvertibleDebt
|
357905 | shares |
CY2023 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
15916651 | shares |
CY2023 | LBSR |
Shares Of Convertible Debt
SharesOfConvertibleDebt
|
357905 | shares |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
565595 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-438681 | usd |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
15558746 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10647908 | shares |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
565595 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-438681 | usd |
CY2023 | us-gaap |
Loss On Derivative Instruments Pretax
LossOnDerivativeInstrumentsPretax
|
4440 | usd |
CY2023 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
229968 | usd |
CY2023 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
799333 | usd |
CY2022 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
10647908 | shares |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | |
CY2023 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p id="xdx_84A_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zsBzZIFOyUPb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_86D_zO8sRQOWmJ5c">Reclassification</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain reclassifications have been made to our prior year’s financial statements to conform to our current year presentation. These reclassifications had no effect on our previously reported results of operations or accumulated deficit.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-right: 0pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> | |
CY2023Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
129152 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
435228 | usd |
CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
107264 | usd |
CY2022Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
407506 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
21888 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
27722 | usd |
CY2023 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
265403 | usd |
CY2023 | us-gaap |
Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
|
40673 | usd |
CY2023 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
5000 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
5834 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
5834 | usd |
CY2023Q1 | us-gaap |
Convertible Debt
ConvertibleDebt
|
126384 | usd |
CY2022Q1 | us-gaap |
Convertible Debt
ConvertibleDebt
|
201300 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
33760 | usd |
CY2022Q1 | us-gaap |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
20178 | usd |
CY2023Q1 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
92624 | usd |
CY2022Q1 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
181122 | usd |
CY2023Q1 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
2754 | usd |
CY2023 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
609622 | usd |
CY2022 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
226278 | usd |
CY2023 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Period Increase Decrease
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPeriodIncreaseDecrease
|
609622 | usd |
CY2022 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Period Increase Decrease
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPeriodIncreaseDecrease
|
226278 | usd |
CY2023 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
|
-144764 | usd |
CY2022 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
|
-585957 | usd |
CY2023 | LBSR |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Additions Recognized As Debt Discount
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationAdditionsRecognizedAsDebtDiscount
|
192485 | usd |
CY2022 | LBSR |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Additions Recognized As Debt Discount
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationAdditionsRecognizedAsDebtDiscount
|
78165 | usd |
CY2023 | LBSR |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Additions Due To Tainted Warrants
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationAdditionsDueToTaintedWarrants
|
734294 | usd |
CY2022 | LBSR |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Additions Due To Tainted Warrants
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationAdditionsDueToTaintedWarrants
|
734070 | usd |
CY2023Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
172393 | usd |
CY2023 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-609622 | usd |
CY2022 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-226278 | usd |
CY2023 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
Class A Common Stock has super majority voting rights with the holder of each outstanding share of Class A Common Stock being entitled to 200 votes per share on all such matters, including, but not limited to, election of the Board of Directors. | |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
25000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
74800000 | shares |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
146000 | shares |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.019 | |
CY2021 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y7M9D | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
750 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
13.500 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
145250 | shares |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.965 | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P6Y7M24D | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
987760 | shares |
CY2023 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
2.18 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
145250 | shares |
CY2023 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
2.97 | |
CY2023 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
674000 | shares |
CY2023 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.15 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
313760 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
6.53 | |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P13Y8M8D | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
313760 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
6.53 | |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P13Y8M8D | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue
|
0.119 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue
|
0.385 | |
CY2022Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
0 | usd |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
2256070 | shares |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
1748538 | shares |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P2Y5M19D | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
0.82 | |
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
0 | usd |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
10012 | usd |
CY2022Q2 | LBSR |
Warrants Extend Of Expiration Description
WarrantsExtendOfExpirationDescription
|
the Company extended all warrants issued by the Company which expired or will expire during the year 2022. These warrants are extended for an additional three years. All other terms of the warrants remain unchanged, fully considering the reverse split effective on February 25, 2021, which applied equivalently to price and number of shares for all warrants. | |
CY2023Q1 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
6712000 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
6872000 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
6712000 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
6872000 | usd |
CY2023Q1 | LBSR |
Decrease In Net Operating Loss Carryforwards
DecreaseInNetOperatingLossCarryforwards
|
160000 | usd |
CY2023Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
32000000 | usd |
CY2023 | LBSR |
Operating Loss Carryforwards Expiration Description
OperatingLossCarryforwardsExpirationDescription
|
beginning in 2026 through 2038 | |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.21 | pure |
CY2023 | us-gaap |
Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
|
Internal Revenue Code Section 382 limits the ability to utilize net operating losses if a 50% change in ownership occurs over a three-year period. | |
CY2023Q1 | us-gaap |
Accrued Vacation Current And Noncurrent
AccruedVacationCurrentAndNoncurrent
|
66205 | usd |
CY2022Q1 | us-gaap |
Accrued Vacation Current And Noncurrent
AccruedVacationCurrentAndNoncurrent
|
65807 | usd |
CY2023 | us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
|
50000 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.10 | pure |
CY2023 | us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2024-01-31 | |
CY2023 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
9167 | usd |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
75000 | shares |
CY2022Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.15 | |
CY2022Q3 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
6302 | usd |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
0.15 | |
CY2022Q3 | LBSR |
Fair Value Of Stock Options
FairValueOfStockOptions
|
104226 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.0315 | pure |
CY2023Q1 | LBSR |
Subscription Receivables
SubscriptionReceivables
|
-101100 | usd |
CY2023Q1 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
708 | usd |
CY2022Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.269 | |
CY2022Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.377 | |
CY2023 | us-gaap |
Payments For Rent
PaymentsForRent
|
165 | usd |
CY2023 | LBSR |
Lease Due Date
LeaseDueDate
|
2023-09-01 | |
CY2023Q1 | LBSR |
Written Off Liabilities
WrittenOffLiabilities
|
1072667 | usd |
CY2023Q1 | us-gaap |
Debt Current
DebtCurrent
|
29677 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
44707 | usd |
CY2023 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
998284 | usd |