10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001199835-20-000114 |
| Period End Date | 20200331 |
| Filing Date | 20200511 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | lsmg-20200331.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
|
$8.09K | USD | Point-in-time |
| Cash |
Cash
|
$6.51K | USD | Point-in-time |
| Common stock, authorized |
CommonStockSharesAuthorized
|
480.00M | shares | Point-in-time |
| Common stock, authorized |
CommonStockSharesAuthorized
|
480.00M | shares | Point-in-time |
| Cash |
Cash
|
$13.73K | USD | Point-in-time |
| Cash |
Cash
|
$10.50K | USD | Point-in-time |
| Common stock, issued |
CommonStockSharesIssued
|
50.61M | shares | Point-in-time |
| Prepaid fees |
PrepaidExpenseCurrent
|
$22.14K | USD | Point-in-time |
| Prepaid fees |
PrepaidExpenseCurrent
|
$2.08K | USD | Point-in-time |
| Common stock, issued |
CommonStockSharesIssued
|
50.61M | shares | Point-in-time |
| Total current assets |
AssetsCurrent
|
$35.88K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$12.58K | 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
|
$266.06K | USD | Point-in-time |
| Total assets |
Assets
|
$242.76K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$8.01K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$28.72K | USD | Point-in-time |
| Due to related parties and accrued interest |
DueToRelatedPartiesCurrent
|
$1.74M | USD | Point-in-time |
| Due to related parties and accrued interest |
DueToRelatedPartiesCurrent
|
$1.60M | USD | Point-in-time |
| Loans payable and accrued interest |
LoansPayableCurrent
|
$5.82K | USD | Point-in-time |
| Loans payable and accrued interest |
LoansPayableCurrent
|
- | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.61M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.77M | 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 March 31, 2020 and December 31, 2019 |
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 March 31, 2020 and December 31, 2019 |
CommonStockValue
|
$3.42K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.63M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.63M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-3.13M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-3.00M | USD | Point-in-time |
| Total stockholders' deficiency |
StockholdersEquity
|
$-1.37M | USD | Point-in-time |
| Total stockholders' deficiency |
StockholdersEquity
|
$-1.50M | USD | Point-in-time |
| Total liabilities and stockholders' deficiency |
LiabilitiesAndStockholdersEquity
|
$266.06K | USD | Point-in-time |
| Total liabilities and stockholders' deficiency |
LiabilitiesAndStockholdersEquity
|
$242.76K | USD | Point-in-time |
Income Statement
26 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
Revenues
|
- | USD | 1 Quarter |
| Revenue |
Revenues
|
- | USD | 1 Quarter |
| Consulting services |
ConsultingServices
|
$65.85K | USD | 1 Quarter |
| Consulting services |
ConsultingServices
|
$14.40K | USD | 1 Quarter |
| Corporate support services |
CorporateSupportServices
|
$458.00 | USD | 1 Quarter |
| Corporate support services |
CorporateSupportServices
|
$469.00 | USD | 1 Quarter |
| Mineral option fees |
MineralOptionFees
|
$24.98K | USD | 1 Quarter |
| Mineral option fees |
MineralOptionFees
|
$24.99K | USD | 1 Quarter |
| Office, foreign exchange and sundry |
GeneralAndAdministrativeExpense
|
$3.34K | USD | 1 Quarter |
| Office, foreign exchange and sundry |
GeneralAndAdministrativeExpense
|
$5.83K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$2.27K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$14.62K | USD | 1 Quarter |
| Transfer and filing fees |
TransferAndFilingFees
|
$16.40K | USD | 1 Quarter |
| Transfer and filing fees |
TransferAndFilingFees
|
$17.66K | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$76.68K | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$114.58K | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-114.58K | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-76.68K | USD | 1 Quarter |
| Interest, bank and finance charges |
InterestAndDebtExpense
|
$15.28K | USD | 1 Quarter |
| Interest, bank and finance charges |
InterestAndDebtExpense
|
$18.93K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-91.96K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-133.51K | USD | 1 Quarter |
| Basic And diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
- | USD | 1 Quarter |
| Basic And diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
- | USD | 1 Quarter |
| 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
|
50.61M | shares | 1 Quarter |
Cash Flow Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-91.96K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-133.51K | USD | 1 Quarter |
| Foreign exchange loss |
ForeignCurrencyTransactionGainLossRealized
|
$-75.00 | USD | 1 Quarter |
| Foreign exchange loss |
ForeignCurrencyTransactionGainLossRealized
|
$149.00 | USD | 1 Quarter |
| Stock options issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
$2.47K | USD | 1 Quarter |
| Stock options issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
$991.00 | USD | 1 Quarter |
| Prepaid fees |
IncreaseDecreaseInPrepaidExpense
|
$-20.24K | USD | 1 Quarter |
| Prepaid fees |
IncreaseDecreaseInPrepaidExpense
|
$-40.00 | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$53.34K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$25.96K | USD | 1 Quarter |
| Due to related parties |
IncreaseDecreaseInDueToRelatedParties
|
$24.98K | USD | 1 Quarter |
| Due to related parties |
IncreaseDecreaseInDueToRelatedParties
|
$24.99K | USD | 1 Quarter |
| Accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$15.10K | USD | 1 Quarter |
| Accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$12.81K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-61.77K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-23.42K | USD | 1 Quarter |
| Repayment of loans payable |
RepaymentsOfLongTermDebt
|
- | USD | 1 Quarter |
| Repayment of loans payable |
RepaymentsOfLongTermDebt
|
$5.00K | USD | 1 Quarter |
| Proceeds from loans payable - related party |
ProceedsFromCollectionOfLongtermLoansToRelatedParties
|
$30.00K | USD | 1 Quarter |
| Proceeds from loans payable - related party |
ProceedsFromCollectionOfLongtermLoansToRelatedParties
|
$65.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$25.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$65.00K | USD | 1 Quarter |
| Net increase in cash |
CashPeriodIncreaseDecrease
|
$1.58K | USD | 1 Quarter |
| Net increase in cash |
CashPeriodIncreaseDecrease
|
$3.23K | USD | 1 Quarter |
| Cash, beginning of period |
Cash
|
$8.09K | USD | Point-in-time |
| Cash, beginning of period |
Cash
|
$6.51K | USD | Point-in-time |
| Cash, beginning of period |
Cash
|
$13.73K | USD | Point-in-time |
| Cash, beginning of period |
Cash
|
$10.50K | USD | Point-in-time |
| Cash, end of period |
Cash
|
$8.09K | USD | Point-in-time |
| Cash, end of period |
Cash
|
$6.51K | USD | Point-in-time |
| Cash, end of period |
Cash
|
$13.73K | USD | Point-in-time |
| Cash, end of period |
Cash
|
$10.50K | USD | Point-in-time |
| Cash paid during the period for interest |
InterestPaidNet
|
- | USD | 1 Quarter |
| Cash paid during the period for interest |
InterestPaidNet
|
- | USD | 1 Quarter |
| Cash paid during the period for income taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Cash paid during the period for income taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Expenses paid by related party on behalf of the Company |
ExpensesPaidByRelatedParty
|
$32.64K | USD | 1 Quarter |
| Expenses paid by related party on behalf of the Company |
ExpensesPaidByRelatedParty
|
$17.02K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.