10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001199835-19-000031 |
| Period End Date | 20190930 |
| Filing Date | 20191112 |
| Fiscal Year | 2019 |
| Fiscal Period | Q3 |
| XBRL Instance | lsmg-20190930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Cash |
Cash
|
$818.00 | USD | Point-in-time |
| Common stock, authorized |
CommonStockSharesAuthorized
|
480.00M | shares | Point-in-time |
| Cash |
Cash
|
$8.25K | USD | Point-in-time |
| Cash |
Cash
|
$6.51K | USD | Point-in-time |
| Cash |
Cash
|
$16.61K | USD | Point-in-time |
| Common stock, authorized |
CommonStockSharesAuthorized
|
480.00M | shares | Point-in-time |
| Prepaid fees |
PrepaidExpenseCurrent
|
$1.98K | USD | Point-in-time |
| Common stock, issued |
CommonStockSharesIssued
|
50.61M | shares | Point-in-time |
| Common stock, issued |
CommonStockSharesIssued
|
50.61M | shares | Point-in-time |
| Prepaid fees |
PrepaidExpenseCurrent
|
$2.04K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$8.49K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$10.29K | USD | Point-in-time |
| Mineral property interest, unproven |
MineralPropertiesNet
|
$230.18K | USD | Point-in-time |
| Mineral property interest, unproven |
MineralPropertiesNet
|
$230.18K | USD | Point-in-time |
| Total assets |
Assets
|
$238.67K | USD | Point-in-time |
| Total assets |
Assets
|
$240.47K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$4.22K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$5.25K | USD | Point-in-time |
| Due to related parties and accrued interest |
DueToRelatedPartiesCurrent
|
$1.29M | USD | Point-in-time |
| Due to related parties and accrued interest |
DueToRelatedPartiesCurrent
|
$1.53M | USD | Point-in-time |
| Loans payable and accrued interest |
LoansPayableCurrent
|
$10.82K | USD | Point-in-time |
| Loans payable and accrued interest |
LoansPayableCurrent
|
$30.27K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.54M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.32M | USD | Point-in-time |
| Authorized: 480,000,000 voting common shares with a par value of $0.001 per share 20,000,000 preferred shares with a par value of $0.001 per share, issued: 50,605,965 common shares and no preferred shares at September 30, 2019 and December 31, 2018 |
CommonStockValue
|
$3.42K | USD | Point-in-time |
| Authorized: 480,000,000 voting common shares with a par value of $0.001 per share 20,000,000 preferred shares with a par value of $0.001 per share, issued: 50,605,965 common shares and no preferred shares at September 30, 2019 and December 31, 2018 |
CommonStockValue
|
$3.42K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.63M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.62M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-2.93M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-2.70M | USD | Point-in-time |
| Total stockholders' deficiency |
StockholdersEquity
|
$-1.30M | USD | Point-in-time |
| Total stockholders' deficiency |
StockholdersEquity
|
$-1.08M | USD | Point-in-time |
| Total liabilities and stockholders' deficiency |
LiabilitiesAndStockholdersEquity
|
$240.47K | USD | Point-in-time |
| Total liabilities and stockholders' deficiency |
LiabilitiesAndStockholdersEquity
|
$238.67K | USD | Point-in-time |
Income Statement
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
Revenues
|
- | USD | 3 Qtrs |
| Revenue |
Revenues
|
- | USD | 1 Quarter |
| Revenue |
Revenues
|
- | USD | 3 Qtrs |
| Revenue |
Revenues
|
- | USD | 1 Quarter |
| Consulting services |
ConsultingServices
|
$75.00K | USD | 3 Qtrs |
| Consulting services |
ConsultingServices
|
$38.21K | USD | 3 Qtrs |
| Consulting services |
ConsultingServices
|
$14.98K | USD | 1 Quarter |
| Consulting services |
ConsultingServices
|
$14.59K | USD | 1 Quarter |
| Corporate support services |
CorporateSupportServices
|
$483.00 | USD | 1 Quarter |
| Corporate support services |
CorporateSupportServices
|
$455.00 | USD | 1 Quarter |
| Corporate support services |
CorporateSupportServices
|
$1.45K | USD | 3 Qtrs |
| Corporate support services |
CorporateSupportServices
|
$1.38K | USD | 3 Qtrs |
| Mineral option fees |
MineralOptionFees
|
$25.01K | USD | 1 Quarter |
| Mineral option fees |
MineralOptionFees
|
$25.01K | USD | 1 Quarter |
| Mineral option fees |
MineralOptionFees
|
$75.00K | USD | 3 Qtrs |
| Mineral option fees |
MineralOptionFees
|
$75.00K | USD | 3 Qtrs |
| Office, foreign exchange and sundry |
GeneralAndAdministrativeExpense
|
$2.62K | USD | 1 Quarter |
| Office, foreign exchange and sundry |
GeneralAndAdministrativeExpense
|
$3.70K | USD | 1 Quarter |
| Office, foreign exchange and sundry |
GeneralAndAdministrativeExpense
|
$14.90K | USD | 3 Qtrs |
| Office, foreign exchange and sundry |
GeneralAndAdministrativeExpense
|
$10.33K | USD | 3 Qtrs |
| Professional fees |
ProfessionalFees
|
$39.90K | USD | 3 Qtrs |
| Professional fees |
ProfessionalFees
|
$10.30K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$9.85K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$36.57K | USD | 3 Qtrs |
| Transfer and filing fees |
TransferAndFilingFees
|
$2.14K | USD | 1 Quarter |
| Transfer and filing fees |
TransferAndFilingFees
|
$2.25K | USD | 1 Quarter |
| Transfer and filing fees |
TransferAndFilingFees
|
$20.67K | USD | 3 Qtrs |
| Transfer and filing fees |
TransferAndFilingFees
|
$20.57K | USD | 3 Qtrs |
| Total operating expenses |
CostsAndExpenses
|
$182.07K | USD | 3 Qtrs |
| Total operating expenses |
CostsAndExpenses
|
$55.16K | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$56.23K | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$226.92K | USD | 3 Qtrs |
| Operating loss |
OperatingIncomeLoss
|
$-182.07K | USD | 3 Qtrs |
| Operating loss |
OperatingIncomeLoss
|
$-55.16K | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-56.23K | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-226.92K | USD | 3 Qtrs |
| Interest, bank and finance charges |
InterestAndDebtExpense
|
$47.01K | USD | 3 Qtrs |
| Interest, bank and finance charges |
InterestAndDebtExpense
|
$14.05K | USD | 1 Quarter |
| Interest, bank and finance charges |
InterestAndDebtExpense
|
$42.51K | USD | 3 Qtrs |
| Interest, bank and finance charges |
InterestAndDebtExpense
|
$17.37K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-72.54K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-70.27K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-229.07K | USD | 3 Qtrs |
| Net loss |
NetIncomeLoss
|
$-269.43K | USD | 3 Qtrs |
| Basic And diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
- | USD | 1 Quarter |
| Basic And diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
- | USD | 3 Qtrs |
| Basic And diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
- | USD | 1 Quarter |
| Basic And diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$-0.01 | USD | 3 Qtrs |
| Weighted average number of common shares outstanding - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
50.61M | shares | 1 Quarter |
| Weighted average number of common shares outstanding - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
49.13M | shares | 3 Qtrs |
| Weighted average number of common shares outstanding - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
49.13M | shares | 1 Quarter |
| Weighted average number of common shares outstanding - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
50.61M | shares | 3 Qtrs |
Cash Flow Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-72.54K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-70.27K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-229.07K | USD | 3 Qtrs |
| Net loss |
NetIncomeLoss
|
$-269.43K | USD | 3 Qtrs |
| Foreign exchange loss |
ForeignCurrencyTransactionGainLossRealized
|
$-50.00 | USD | 3 Qtrs |
| Foreign exchange loss |
ForeignCurrencyTransactionGainLossRealized
|
$-931.00 | USD | 3 Qtrs |
| Stock options issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
$8.45K | USD | 3 Qtrs |
| Stock options issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
$56.57K | USD | 3 Qtrs |
| Prepaid fees |
IncreaseDecreaseInPrepaidExpense
|
$663.00 | USD | 3 Qtrs |
| Prepaid fees |
IncreaseDecreaseInPrepaidExpense
|
- | USD | 3 Qtrs |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$35.01K | USD | 3 Qtrs |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$28.42K | USD | 3 Qtrs |
| Due to related parties |
IncreaseDecreaseInDueToRelatedParties
|
$75.00K | USD | 3 Qtrs |
| Due to related parties |
IncreaseDecreaseInDueToRelatedParties
|
$75.00K | USD | 3 Qtrs |
| Accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$34.90K | USD | 3 Qtrs |
| Accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$42.04K | USD | 3 Qtrs |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-59.21K | USD | 3 Qtrs |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-82.25K | USD | 3 Qtrs |
| Repayment of loans payable |
RepaymentsOfLongTermDebt
|
$15.00K | USD | 3 Qtrs |
| Repayment of loans payable |
RepaymentsOfLongTermDebt
|
$6.00K | USD | 3 Qtrs |
| Proceeds from loans payable - related party |
ProceedsFromCollectionOfLongtermLoansToRelatedParties
|
$90.00K | USD | 3 Qtrs |
| Proceeds from loans payable - related party |
ProceedsFromCollectionOfLongtermLoansToRelatedParties
|
$90.00K | USD | 3 Qtrs |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$75.00K | USD | 3 Qtrs |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$84.00K | USD | 3 Qtrs |
| Net increase in cash |
CashPeriodIncreaseDecrease
|
$15.79K | USD | 3 Qtrs |
| Net increase in cash |
CashPeriodIncreaseDecrease
|
$1.75K | USD | 3 Qtrs |
| Cash, beginning of period |
Cash
|
$818.00 | USD | Point-in-time |
| Cash, beginning of period |
Cash
|
$8.25K | USD | Point-in-time |
| Cash, beginning of period |
Cash
|
$6.51K | USD | Point-in-time |
| Cash, beginning of period |
Cash
|
$16.61K | USD | Point-in-time |
| Cash, end of period |
Cash
|
$818.00 | USD | Point-in-time |
| Cash, end of period |
Cash
|
$8.25K | USD | Point-in-time |
| Cash, end of period |
Cash
|
$6.51K | USD | Point-in-time |
| Cash, end of period |
Cash
|
$16.61K | USD | Point-in-time |
| Cash paid during the period for interest |
InterestPaidNet
|
- | USD | 3 Qtrs |
| Cash paid during the period for interest |
InterestPaidNet
|
- | USD | 3 Qtrs |
| Cash paid during the period for income taxes |
IncomeTaxesPaid
|
- | USD | 3 Qtrs |
| Cash paid during the period for income taxes |
IncomeTaxesPaid
|
- | USD | 3 Qtrs |
| Expenses paid by related party on behalf of the Company |
ExpensesPaidByRelatedParty
|
$29.45K | USD | 3 Qtrs |
| Expenses paid by related party on behalf of the Company |
ExpensesPaidByRelatedParty
|
$34.35K | USD | 3 Qtrs |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.