2022 Q3 Form 10-K Financial Statement

#000149315222023030 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.123M $1.941M $7.721M
YoY Change 23.52% -1.53% -7.1%
% of Gross Profit
Research & Development $762.9K $832.9K $7.231M
YoY Change -58.34% -8.85% 77.4%
% of Gross Profit
Depreciation & Amortization $11.58K $9.220K $34.79K
YoY Change 45.66% 219.03% 52.03%
% of Gross Profit
Operating Expenses $2.885M $2.774M $14.95M
YoY Change -18.72% -3.85% 20.71%
Operating Profit -$2.885M -$14.95M
YoY Change -18.72% 20.71%
Interest Expense $940.0K $1.212M $1.212M
YoY Change
% of Operating Profit
Other Income/Expense, Net $940.0K $1.021M $1.021M
YoY Change
Pretax Income -$1.945M -$1.753M -$13.93M
YoY Change -45.2% -39.25% 12.46%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.900M -$1.753M -$13.90M
YoY Change -46.47% -39.25% 12.21%
Net Earnings / Revenue
Basic Earnings Per Share -$0.23 -$1.92
Diluted Earnings Per Share -$233.0K -$226.2K -$1.921M
COMMON SHARES
Basic Shares Outstanding 8.350M shares 7.254M shares
Diluted Shares Outstanding 8.350M shares 7.254M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.318M $9.112M $9.112M
YoY Change -41.35% -33.23% -33.23%
Cash & Equivalents $6.318M $9.112M
Short-Term Investments
Other Short-Term Assets $869.9K $787.9K $787.9K
YoY Change 4.2% 83.08% 83.08%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $7.188M $9.899M $9.899M
YoY Change -38.08% -29.67% -29.67%
LONG-TERM ASSETS
Property, Plant & Equipment $338.3K $349.9K $16.77M
YoY Change -97.96% 103.18% 1.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $832.5K $832.5K $832.5K
YoY Change 0.0% 15.87% 15.87%
Total Long-Term Assets $17.58M $17.60M $17.60M
YoY Change 1.08% 2.06% 2.06%
TOTAL ASSETS
Total Short-Term Assets $7.188M $9.899M $9.899M
Total Long-Term Assets $17.58M $17.60M $17.60M
Total Assets $24.77M $27.50M $27.50M
YoY Change -14.59% -12.2% -12.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.044M $1.080M $1.080M
YoY Change -20.53%
Accrued Expenses $42.83K $55.63K $55.63K
YoY Change 135.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.087M $1.136M $1.136M
YoY Change -18.4% 83.52% 83.52%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.775M $2.709M $2.709M
YoY Change 690.73% 1223.88% 1223.88%
Total Long-Term Liabilities $1.775M $2.709M $2.709M
YoY Change 690.74% 1223.92% 1223.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.087M $1.136M $1.136M
Total Long-Term Liabilities $1.775M $2.709M $2.709M
Total Liabilities $2.862M $3.845M $3.845M
YoY Change 83.87% 366.82% 366.82%
SHAREHOLDERS EQUITY
Retained Earnings -$59.90M -$57.90M
YoY Change 31.67%
Common Stock $8.350K $8.350K
YoY Change 18.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.90M $23.66M $23.66M
YoY Change
Total Liabilities & Shareholders Equity $24.77M $27.50M $27.50M
YoY Change -14.59% -12.2% -12.2%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022
OPERATING ACTIVITIES
Net Income -$1.900M -$1.753M -$13.90M
YoY Change -46.47% -39.25% 12.21%
Depreciation, Depletion And Amortization $11.58K $9.220K $34.79K
YoY Change 45.66% 219.03% 52.03%
Cash From Operating Activities -$2.800M -$2.787M -$12.60M
YoY Change -2.42% 25.48% 46.67%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $179.0K
YoY Change -100.0% 316.3%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 -$179.0K
YoY Change -100.0% -107.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.220M
YoY Change -19.76%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.220M $8.220M
YoY Change 337.47% -51.73%
NET CHANGE
Cash From Operating Activities -$2.800M -2.787M -$12.60M
Cash From Investing Activities 0.000 -$179.0K
Cash From Financing Activities 8.220M $8.220M
Net Change In Cash -$2.794M 5.434M -$4.534M
YoY Change -2.76% -1677.11% -141.61%
FREE CASH FLOW
Cash From Operating Activities -$2.800M -$2.787M -$12.60M
Capital Expenditures $0.00 $179.0K
Free Cash Flow -$2.800M -$2.787M -$12.78M
YoY Change -2.29% 25.65% 48.01%

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CY2021 USAU Stock Issued During Period Value Of Preferred Stock And Common Stock In Connection With Share Exchange Agreement
StockIssuedDuringPeriodValueOfPreferredStockAndCommonStockInConnectionWithShareExchangeAgreement
12640980 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
8999077 usd
CY2021 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
1539364 usd
CY2021 USAU Stockissued During Period Value Issuance Of Common Stock For Prepaid Services
StockissuedDuringPeriodValueIssuanceOfCommonStockForPrepaidServices
106250 usd
CY2021 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
2499994 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
194761 usd
CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
1868368 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-12387094 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
30499705 usd
CY2022 USAU Stock And Warrants Issued During Period Value Common Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValueCommonStockAndWarrants
3568490 usd
CY2022 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
1000001 usd
CY2022 USAU Stock Issued During Period Value Prepaid Services And Accrued Services
StockIssuedDuringPeriodValuePrepaidServicesAndAccruedServices
850500 usd
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
100000 usd
CY2022 USAU Amortization Of Prepaid Stock Based Expenses
AmortizationOfPrepaidStockBasedExpenses
530194 usd
CY2021 USAU Amortization Of Prepaid Stock Based Expenses
AmortizationOfPrepaidStockBasedExpenses
40105 usd
CY2022 USAU Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
1212000 usd
CY2021 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-219072 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
42236 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
151497 usd
CY2022 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
114000 usd
CY2021 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
362953 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
466367 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
356005 usd
CY2021 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-3459 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-39731 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12575412 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8590636 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
178972 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9111512 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13645405 usd
CY2022 USAU Issuance Of Common Stock For Prepaid Services And Accrued Services Non Cash
IssuanceOfCommonStockForPrepaidServicesAndAccruedServicesNonCash
850500 usd
CY2021 USAU Issuance Of Common Stock For Prepaid Services And Accrued Services Non Cash
IssuanceOfCommonStockForPrepaidServicesAndAccruedServicesNonCash
106250 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
183475 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
1386512 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-13930882 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
23657801 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-13930882 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-12387094 usd
CY2022 us-gaap Depreciation
Depreciation
34794 usd
CY2021 us-gaap Depreciation
Depreciation
22886 usd
CY2022 us-gaap Accretion Expense
AccretionExpense
22064 usd
CY2021 us-gaap Accretion Expense
AccretionExpense
17477 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
40031 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1669987 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
3602493 usd
CY2021 us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
56329 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
42991 usd
CY2021 USAU Proceeds From Share Exchange Agreement
ProceedsFromShareExchangeAgreement
2500000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-178972 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2457009 usd
CY2021 us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
5530004 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7220490 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8999077 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1000001 usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
2499994 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8220491 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17029075 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4533893 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10895448 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13645405 usd
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2749957 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
787902 usd
CY2021Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
430360 usd
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021 USAU Deemed Dividend Preferred Stock
DeemedDividendPreferredStock
5530004 usd
CY2021 us-gaap Stock Issued1
StockIssued1
2011 usd
CY2022 USAU Operating Lease Rightofuse Asset And Operating Lease Liability Recorded Upon Adoption Of Asc842
OperatingLeaseRightofuseAssetAndOperatingLeaseLiabilityRecordedUponAdoptionOfAsc842
104095 usd
CY2021 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
108652 usd
CY2021 USAU Increase In Acquisition Of Mineral Properties In Connection With Share Exchange Agreement
IncreaseInAcquisitionOfMineralPropertiesInConnectionWithShareExchangeAgreement
10249632 usd
CY2022 USAU Increase In Asset Retirement Cost And Obligation
IncreaseInAssetRetirementCostAndObligation
33517 usd
CY2021 USAU Increase In Asset Retirement Cost And Obligation
IncreaseInAssetRetirementCostAndObligation
18746 usd
CY2022 USAU Initial Valuation Of Warrant Liability
InitialValuationOfWarrantLiability
3652000 usd
CY2022 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P5Y
CY2022Q1 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_846_eus-gaap--UseOfEstimates_zJ2zI17BR5lg" 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 style="text-decoration: underline"><span id="xdx_865_zr8JZZWfK4Bd">Use of Estimates and Assumptions</span></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">In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, valuation of mineral rights, stock-based compensation, the fair value of common and preferred stock, valuation of warrant liability, asset retirement obligations and the valuation of deferred tax assets and 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>
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
13.40
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
148060 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.65
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
44200 usd
CY2022Q1 us-gaap Other Significant Noncash Transaction Description
OtherSignificantNoncashTransactionDescription
fundamental transaction is simulated to occur 85% during one trading day through the 3.5 year period, 85% of the time.
CY2022Q2 USAU Share Based Compensation Arrangement By Share Based Payment Non Option Award Fair Value Assumptions Stock Price
ShareBasedCompensationArrangementByShareBasedPaymentNonOptionAwardFairValueAssumptionsStockPrice
5.65
CY2022Q2 USAU Share Based Compensation Arrangement By Share Based Payment Non Option Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentNonOptionAwardFairValueAssumptionsExercisePrice
8.60
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y2M23D
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
64064 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
55630 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8734 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
64364 usd
CY2022Q2 us-gaap Cash
Cash
9100000 usd
CY2022Q2 USAU Working Capital
WorkingCapital
8800000 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-57900000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-13900000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12600000 usd
CY2022Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
7500000 usd
CY2022Q2 us-gaap Mineral Rights
MineralRights
16356862 usd
CY2021Q2 us-gaap Mineral Rights
MineralRights
16356862 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y2M1D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.080 pure
CY2022Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
4559601 usd
CY2022Q1 USAU Proceeds Allocated To Warrant Liability
ProceedsAllocatedToWarrantLiability
3652000 usd
CY2022Q1 USAU Offering Cost Associated With Warrant Liability
OfferingCostAssociatedWithWarrantLiability
190840 usd
CY2022Q1 USAU Net Proceeds Of Warrant Allocated To Equity
NetProceedsOfWarrantAllocatedToEquity
1098441 usd
CY2019Q3 us-gaap Share Based Compensation
ShareBasedCompensation
77250 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
425283 usd
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
212794 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
75366 usd
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
40572 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
349917 usd
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
172222 usd
CY2022 us-gaap Depreciation
Depreciation
34794 usd
CY2021 us-gaap Depreciation
Depreciation
22886 usd
CY2021Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
204615 usd
CY2020Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
168392 usd
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
33517 usd
CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
18746 usd
CY2022 us-gaap Accretion Expense
AccretionExpense
22064 usd
CY2021 us-gaap Accretion Expense
AccretionExpense
17477 usd
CY2022Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
260196 usd
CY2021Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
204615 usd
CY2022 us-gaap Accretion Expense
AccretionExpense
22064 usd
CY2021 us-gaap Accretion Expense
AccretionExpense
17477 usd
CY2021Q2 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
The term of the lease is for a two-year period from May 2021 to May 2023
CY2021Q2 us-gaap Payments For Rent
PaymentsForRent
1667 usd
CY2021Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P3Y
CY2021Q3 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
The term of the lease is for a two-year period from September 2021 to August 2023.
CY2021Q3 us-gaap Payments For Rent
PaymentsForRent
3100 usd
CY2022Q1 us-gaap Payments For Rent
PaymentsForRent
2950 usd
CY2021Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P2Y
CY2022 USAU Schedule Of Supplemental Cash Flow And Noncash Information Related To Leases
ScheduleOfSupplementalCashFlowAndNoncashInformationRelatedToLeases
<p id="xdx_890_ecustom--ScheduleOfSupplementalCashFlowAndNoncashInformationRelatedToLeases_zuyD0RwynqDl" 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 following table includes supplemental cash and non-cash information related to the Company’s lease:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; color: #212529"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zJE2Twk9iQn3" style="display: none">SCHEDULE OF SUPPLEMENTAL CASH FLOW AND NON-CASH INFORMATION RELATED TO LEASES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20210501__20220430_zH7wNHwkOetj" style="text-align: right">1</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_498_20200501__20210430_zNGKIOgCJpXi" style="text-align: right">2</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Years ended April 30,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Cash paid for amounts included in the measurement of lease liabilities</td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeasePayments_i_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%; text-align: left">Operating cash flows from operating lease</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">44,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0955">-</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_zzwE1oIHM3T2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Lease assets obtained in exchange for new operating lease liabilities</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">104,095</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0958">-</span></td><td style="text-align: left"> </td></tr> </table>
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
44500 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
104095 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
56000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
11800 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
67800 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3436 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
64364 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
2440000 usd
CY2022Q1 us-gaap Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
625000 shares
CY2022 USAU Initial Valuation Of Warrant Liability
InitialValuationOfWarrantLiability
3652000 usd
CY2022Q1 USAU Share Based Compensation Arrangement By Share Based Payment Non Option Award Fair Value Assumptions Stock Price
ShareBasedCompensationArrangementByShareBasedPaymentNonOptionAwardFairValueAssumptionsStockPrice
8.00
CY2022Q1 USAU Share Based Compensation Arrangement By Share Based Payment Non Option Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentNonOptionAwardFairValueAssumptionsExercisePrice
8.60
CY2022 USAU Initial Valuation Of Warrant Liability
InitialValuationOfWarrantLiability
3652000 usd
CY2022 USAU Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
1212000 usd
CY2022Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
2440000 usd
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2019Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
7500 usd
CY2020Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
7500 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
7500 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1386512 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1868368 usd
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
100000 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
14.31
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y10M13D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
5000 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
95000 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
14.63
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y6M25D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
58060 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.93
CY2022 USAU Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Grant Weighted Average Remaining Contractual Term2
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