10-Q/A Filing
Filing Information
| Form Type | 10-Q/A |
| Accession Number | 0001104659-22-060711 |
| Period End Date | 20220331 |
| Filing Date | 20220516 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | ppta-20220331x10qa_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
62.97M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
62.97M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$14.79M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$41.17M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$47.85M | USD | Point-in-time |
| Receivables |
AccountsReceivableNetCurrent
|
$62.04K | USD | Point-in-time |
| Receivables |
AccountsReceivableNetCurrent
|
$279.95K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$958.15K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$946.28K | USD | Point-in-time |
| TOTAL CURRENT ASSETS |
AssetsCurrent
|
$42.19M | USD | Point-in-time |
| TOTAL CURRENT ASSETS |
AssetsCurrent
|
$49.08M | USD | Point-in-time |
| Buildings and equipment, net |
PropertyPlantAndEquipmentNet
|
$165.26K | USD | Point-in-time |
| Buildings and equipment, net |
PropertyPlantAndEquipmentNet
|
$153.79K | USD | Point-in-time |
| Right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$49.10K | USD | Point-in-time |
| Right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$103.76K | USD | Point-in-time |
| Environmental reclamation bond (Note 9) |
MineReclamationAssetBond
|
$3.00M | USD | Point-in-time |
| Environmental reclamation bond (Note 9) |
MineReclamationAssetBond
|
$3.00M | USD | Point-in-time |
| Mineral properties and interest (Note 3) |
MineralPropertiesNet
|
$72.20M | USD | Point-in-time |
| Mineral properties and interest (Note 3) |
MineralPropertiesNet
|
$72.20M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$117.65M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$124.50M | USD | Point-in-time |
| Trade and other payables |
AccountsPayableTradeCurrent
|
$2.03M | USD | Point-in-time |
| Trade and other payables |
AccountsPayableTradeCurrent
|
$2.84M | USD | Point-in-time |
| Lease liabilities |
OperatingLeaseLiabilityCurrent
|
$80.24K | USD | Point-in-time |
| Lease liabilities |
OperatingLeaseLiabilityCurrent
|
$69.99K | USD | Point-in-time |
| Environmental reclamation liabilities (Note 9) |
MineReclamationAndClosingLiabilityCurrent
|
$3.96M | USD | Point-in-time |
| Environmental reclamation liabilities (Note 9) |
MineReclamationAndClosingLiabilityCurrent
|
$2.83M | USD | Point-in-time |
| TOTAL CURRENT LIABILITIES |
LiabilitiesCurrent
|
$6.08M | USD | Point-in-time |
| TOTAL CURRENT LIABILITIES |
LiabilitiesCurrent
|
$5.74M | USD | Point-in-time |
| Lease liabilities |
OperatingLeaseLiabilityNoncurrent
|
$32.75K | USD | Point-in-time |
| Environmental reclamation liabilities (Note 9) |
MineReclamationAndClosingLiabilityNoncurrent
|
$7.05M | USD | Point-in-time |
| Environmental reclamation liabilities (Note 9) |
MineReclamationAndClosingLiabilityNoncurrent
|
$5.42M | USD | Point-in-time |
| TOTAL LIABILITIES |
Liabilities
|
$11.62M | USD | Point-in-time |
| TOTAL LIABILITIES |
Liabilities
|
$12.90M | USD | Point-in-time |
| COMMITMENT AND CONTINGENCIES (Note 10) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| COMMITMENT AND CONTINGENCIES (Note 10) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, no par value, unlimited shares authorized, 62,973,526 and 62,971,859 shares outstanding, respectively |
CommonStockValue
|
$615.36M | USD | Point-in-time |
| Common stock, no par value, unlimited shares authorized, 62,973,526 and 62,971,859 shares outstanding, respectively |
CommonStockValue
|
$615.37M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$29.45M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$30.12M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-539.46M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-533.21M | USD | Point-in-time |
| TOTAL SHAREHOLDERS' EQUITY |
StockholdersEquity
|
$111.60M | USD | Point-in-time |
| TOTAL SHAREHOLDERS' EQUITY |
StockholdersEquity
|
$106.03M | USD | Point-in-time |
| TOTAL SHAREHOLDERS' EQUITY |
StockholdersEquity
|
$57.63M | USD | Point-in-time |
| TOTAL SHAREHOLDERS' EQUITY |
StockholdersEquity
|
$55.14M | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$124.50M | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$117.65M | USD | Point-in-time |
Income Statement
39 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Consulting |
ConsultingFeesExpense
|
$10.88K | USD | 1 Quarter |
| Consulting |
ConsultingFeesExpense
|
$104.92K | USD | 1 Quarter |
| Corporate salaries and benefits |
EmployeeBenefitsAndShareBasedCompensation
|
$303.41K | USD | 1 Quarter |
| Corporate salaries and benefits |
EmployeeBenefitsAndShareBasedCompensation
|
$889.89K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$19.12K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$11.47K | USD | 1 Quarter |
| Directors' fees |
OfficersCompensation
|
$304.21K | USD | 1 Quarter |
| Directors' fees |
OfficersCompensation
|
$262.95K | USD | 1 Quarter |
| Exploration |
ExplorationExpense
|
$4.56M | USD | 1 Quarter |
| Exploration |
ExplorationExpense
|
$6.58M | USD | 1 Quarter |
| Environmental liability expense |
EnvironmentalRemediationExpense
|
$7.47M | USD | 1 Quarter |
| Environmental liability expense |
EnvironmentalRemediationExpense
|
$7.47M | USD | Point-in-time |
| Office and administrative |
GeneralAndAdministrativeExpense
|
$213.48K | USD | 1 Quarter |
| Office and administrative |
GeneralAndAdministrativeExpense
|
$472.27K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$167.34K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$734.53K | USD | 1 Quarter |
| Shareholder and regulatory |
ShareholderAndRegulatoryExpense
|
$158.97K | USD | 1 Quarter |
| Shareholder and regulatory |
ShareholderAndRegulatoryExpense
|
$251.62K | USD | 1 Quarter |
| Travel and related costs |
TravelAndEntertainmentExpense
|
$5.09K | USD | 1 Quarter |
| Travel and related costs |
TravelAndEntertainmentExpense
|
$126.00 | USD | 1 Quarter |
| OPERATING LOSS |
OperatingIncomeLoss
|
$-6.26M | USD | 1 Quarter |
| OPERATING LOSS |
OperatingIncomeLoss
|
$-16.26M | USD | 1 Quarter |
| Finance costs |
FinanceCosts
|
$257.00K | USD | 1 Quarter |
| Foreign exchange loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-302.48K | USD | 1 Quarter |
| Foreign exchange loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-30.75K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$31.44K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$23.87K | USD | 1 Quarter |
| Total other loss (income) |
NonoperatingIncomeExpense
|
$11.55M | USD | 1 Quarter |
| Total other loss (income) |
NonoperatingIncomeExpense
|
$15.94K | USD | 1 Quarter |
| NET LOSS |
NetIncomeLoss
|
$-4.72M | USD | 1 Quarter |
| NET LOSS |
NetIncomeLoss
|
$-6.24M | USD | 1 Quarter |
| NET LOSS PER SHARE, BASIC |
EarningsPerShareBasic
|
$0.10 | USD | 1 Quarter |
| NET LOSS PER SHARE, BASIC |
EarningsPerShareBasic
|
$0.10 | USD | 1 Quarter |
| NET LOSS PER SHARE, DILUTED |
EarningsPerShareDiluted
|
$0.10 | USD | 1 Quarter |
| NET LOSS PER SHARE, DILUTED |
EarningsPerShareDiluted
|
$0.10 | USD | 1 Quarter |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, BASIC |
WeightedAverageNumberOfSharesOutstandingBasic
|
62.97M | shares | 1 Quarter |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, BASIC |
WeightedAverageNumberOfSharesOutstandingBasic
|
47.55M | shares | 1 Quarter |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, DILUTED |
WeightedAverageNumberOfDilutedSharesOutstanding
|
62.97M | shares | 1 Quarter |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING, DILUTED |
WeightedAverageNumberOfDilutedSharesOutstanding
|
47.55M | shares | 1 Quarter |
Cash Flow Statement
47 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
ProfitLoss
|
$-4.72M | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-6.24M | USD | 1 Quarter |
| Share based compensation (Note 7) |
ShareBasedCompensation
|
$676.25K | USD | 1 Quarter |
| Share based compensation (Note 7) |
ShareBasedCompensation
|
$1.93M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$19.12K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$11.47K | USD | 1 Quarter |
| Accretion of convertible debt discount (Note 6) |
AccretionExpense
|
$257.00K | USD | 1 Quarter |
| Environmental liability expense |
EnvironmentalRemediationExpense
|
$7.47M | USD | 1 Quarter |
| Environmental liability expense |
EnvironmentalRemediationExpense
|
$7.47M | USD | Point-in-time |
| Unrealized foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$-358.17K | USD | 1 Quarter |
| Unrealized foreign exchange loss |
ForeignCurrencyTransactionGainLossUnrealized
|
$555.00 | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$-77.56K | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsReceivable
|
$-206.25K | USD | 1 Quarter |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$333.70K | USD | 1 Quarter |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$11.87K | USD | 1 Quarter |
| Trade and other payables |
IncreaseDecreaseInAccountsPayable
|
$-806.18K | USD | 1 Quarter |
| Trade and other payables |
IncreaseDecreaseInAccountsPayable
|
$-427.39K | USD | 1 Quarter |
| Environmental reclamation liabilities |
EnvironmentalReclamationLiabilities
|
$499.90K | USD | 1 Quarter |
| Environmental reclamation liabilities |
EnvironmentalReclamationLiabilities
|
$112.01K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-6.68M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-7.55M | USD | 1 Quarter |
| Purchase of surety bond |
PaymentsToAcquireSuretyBond
|
$3.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-3.00M | USD | 1 Quarter |
| Proceeds from exercise of share purchase options (Note 7) |
ProceedsFromStockOptionsExercised
|
$296.87K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$296.87K | USD | 1 Quarter |
| Effect of foreign exchange on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$5.10K | USD | 1 Quarter |
| Effect of foreign exchange on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$555.00 | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-6.68M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-10.25M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of quarter |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$41.17M | USD | Point-in-time |
| Cash and cash equivalents, beginning of quarter |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$14.79M | USD | Point-in-time |
| Cash and cash equivalents, beginning of quarter |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$25.04M | USD | Point-in-time |
| Cash and cash equivalents, beginning of quarter |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$47.85M | USD | Point-in-time |
| Cash and cash equivalents, end of quarter |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$47.85M | USD | Point-in-time |
| Cash and cash equivalents, end of quarter |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$25.04M | USD | Point-in-time |
| Cash and cash equivalents, end of quarter |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$41.17M | USD | Point-in-time |
| Cash and cash equivalents, end of quarter |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$14.79M | USD | Point-in-time |
| Recognition of operating lease liability and right-of-use asset |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
$78.79K | USD | 1 Quarter |
| Cash |
Cash
|
$2.02M | USD | Point-in-time |
| Cash |
Cash
|
$5.73M | USD | Point-in-time |
| Investment savings accounts |
InterestBearingDepositsInBanks
|
$20.25M | USD | Point-in-time |
| Investment savings accounts |
InterestBearingDepositsInBanks
|
$5.60M | USD | Point-in-time |
| GIC and term deposits |
TimeDepositsAtCarryingValue
|
$7.17M | USD | Point-in-time |
| GIC and term deposits |
TimeDepositsAtCarryingValue
|
$15.19M | USD | Point-in-time |
| Total cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$41.17M | USD | Point-in-time |
| Total cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$14.79M | USD | Point-in-time |
| Total cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$47.85M | USD | Point-in-time |
Stockholders Equity
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquity
|
$111.60M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$106.03M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$57.63M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$55.14M | USD | Point-in-time |
| Share based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$1.93M | USD | 1 Quarter |
| Share based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$676.25K | USD | 1 Quarter |
| Shares issued through stock appreciation rights |
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
$4.17K | USD | 1 Quarter |
| Exercise of share purchase options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$296.87K | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$-4.72M | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$-6.24M | USD | 1 Quarter |
| Ending balance |
StockholdersEquity
|
$111.60M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$106.03M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$57.63M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$55.14M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.