2024 Q2 Form 10-Q Financial Statement

#000149315224023883 Filed on June 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q2
Revenue
YoY Change
Cost Of Revenue $57.88K
YoY Change 26.07%
Gross Profit -$57.88K
YoY Change 26.07%
Gross Profit Margin
Selling, General & Admin $136.3K
YoY Change 64.79%
% of Gross Profit
Research & Development $324.9K
YoY Change 5253.05%
% of Gross Profit
Depreciation & Amortization $1.617K
YoY Change 10.91%
% of Gross Profit
Operating Expenses $519.1K
YoY Change 285.44%
Operating Profit -$519.1K
YoY Change 285.44%
Interest Expense $21.53K
YoY Change -54.19%
% of Operating Profit
Other Income/Expense, Net $830.5K
YoY Change 5059.46%
Pretax Income $311.4K
YoY Change -362.59%
Income Tax
% Of Pretax Income
Net Earnings $311.4K
YoY Change -362.59%
Net Earnings / Revenue
Basic Earnings Per Share $0.01
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 49.88M shares
Diluted Shares Outstanding 62.65M shares

Balance Sheet

Concept 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.39K
YoY Change 86.42%
Cash & Equivalents $11.39K
Short-Term Investments
Other Short-Term Assets $38.28K
YoY Change 21.18%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $49.67K
YoY Change 31.73%
LONG-TERM ASSETS
Property, Plant & Equipment $16.03K
YoY Change -21.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $16.03K
YoY Change -21.55%
TOTAL ASSETS
Total Short-Term Assets $49.67K
Total Long-Term Assets $16.03K
Total Assets $65.69K
YoY Change 13.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $178.2K
YoY Change -15.75%
Accrued Expenses $2.140K
YoY Change -96.77%
Deferred Revenue
YoY Change
Short-Term Debt $813.5K
YoY Change 324.95%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.690M
YoY Change 367.89%
LONG-TERM LIABILITIES
Long-Term Debt $32.40K
YoY Change 6.23%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $32.40K
YoY Change 6.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.690M
Total Long-Term Liabilities $32.40K
Total Liabilities $2.723M
YoY Change 349.67%
SHAREHOLDERS EQUITY
Retained Earnings -$61.17M
YoY Change 6.35%
Common Stock $58.62M
YoY Change 2.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.657M
YoY Change
Total Liabilities & Shareholders Equity $65.69K
YoY Change 13.0%

Cashflow Statement

Concept 2024 Q2
OPERATING ACTIVITIES
Net Income $311.4K
YoY Change -362.59%
Depreciation, Depletion And Amortization $1.617K
YoY Change 10.91%
Cash From Operating Activities -$435.7K
YoY Change 263.36%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $375.0K
YoY Change 301.47%
NET CHANGE
Cash From Operating Activities -$435.7K
Cash From Investing Activities
Cash From Financing Activities $375.0K
Net Change In Cash -$60.71K
YoY Change 129.05%
FREE CASH FLOW
Cash From Operating Activities -$435.7K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<p id="xdx_80E_eus-gaap--BasisOfAccounting_zJ95WKxdFc1h" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 – <span id="xdx_82B_zdhdInFF8OEj">Basis of Presentation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><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">The consolidated financial statements included herein have been prepared by Liberty Star Uranium &amp; Metals Corp. (the “Company”, “we”, “our”) without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”) and should be read in conjunction with our annual report on Form 10-K for the year ended January 31, 2024 as filed with the SEC on May 15, 2024. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been omitted, as permitted by the SEC, although we believe the disclosures which are made are adequate to make the information presented not misleading. The consolidated financial statements reflect, in the opinion of management, all normal recurring adjustments necessary to present fairly our financial position at April 30, 2024, and the results of our operations and cash flows for the periods presented.</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">Interim results are subject to significant seasonal variations and the results of operations for the three months ended April 30, 2024, are not necessarily indicative of the results to be expected for the full year.</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>
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ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.13
CY2024Q2 LBSR Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingIntrinsicValue
3394192 usd
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10888894 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10888894 shares
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
49883863 shares
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49883863 shares
CY2024Q2 LBSR Common Stock Shares Growth Monthly Percentage
CommonStockSharesGrowthMonthlyPercentage
0.0304 pure
CY2024Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
500000 usd
CY2024Q2 LBSR Common Stock Discount Percentage
CommonStockDiscountPercentage
0.25 pure
CY2024Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
851032 usd
CY2023Q2 LBSR Reclassifications Due To Conversion Of Convertible Notes
ReclassificationsDueToConversionOfConvertibleNotes
43931 usd
CY2023Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
63102 usd
CY2024Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
2547458 usd
CY2023Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
172393 usd
CY2024Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Period Increase Decrease
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPeriodIncreaseDecrease
851032 usd
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Period Increase Decrease
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPeriodIncreaseDecrease
63102 usd
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
-43931 usd
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
33720 usd
CY2024Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
1696426 usd
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
99080 usd
CY2024Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
851032 usd
CY2023Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
63102 usd
CY2024Q2 us-gaap Convertible Debt
ConvertibleDebt
236000 usd
CY2024Q1 us-gaap Convertible Debt
ConvertibleDebt
110000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
31824 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
15000 usd
CY2024Q2 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
204176 usd
CY2024Q1 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
95000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
0 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
33720 usd
CY2024Q2 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
26000 usd
CY2023Q2 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
17350 usd
CY2024Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
9176 usd
CY2023Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
45248 usd
CY2023Q2 us-gaap Notes Payable
NotesPayable
24750 usd
CY2023Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
32400 usd
CY2023Q2 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
24750 usd
CY2023Q2 us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
2729 usd
CY2024Q1 us-gaap Notes Payable
NotesPayable
32400 usd
CY2024Q2 us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
2729 usd
CY2024Q2 us-gaap Payments For Rent
PaymentsForRent
165 usd
CY2024Q2 LBSR Lease Due Date
LeaseDueDate
2023-09-01

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