10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001199835-21-000690 |
| Period End Date | 20210930 |
| Filing Date | 20211112 |
| Fiscal Year | 2021 |
| Fiscal Period | Q3 |
| XBRL Instance | lsmg-10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
480.00M | shares | Point-in-time |
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
480.00M | shares | Point-in-time |
| Common Stock, Par Value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common Stock, Par Value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Cash |
Cash
|
$11.29K | USD | Point-in-time |
| Cash |
Cash
|
$12.66K | USD | Point-in-time |
| Cash |
Cash
|
$12.64K | USD | Point-in-time |
| Preferred Stock, Shares Authorized |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Preferred Stock, Shares Authorized |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Cash |
Cash
|
$10.50K | USD | Point-in-time |
| Prepaid fees |
PrepaidExpenseCurrent
|
$1.44K | USD | Point-in-time |
| Preferred Stock, Par Value |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Preferred Stock, Par Value |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Prepaid fees |
PrepaidExpenseCurrent
|
$3.94K | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
50.63M | shares | Point-in-time |
| Total current assets |
AssetsCurrent
|
$12.73K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$16.58K | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
50.61M | shares | Point-in-time |
| Mineral Property Interest, unproven |
MineralPropertiesNet
|
$230.18K | USD | Point-in-time |
| Preferred Stock, Shares Issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Preferred Stock, Shares Issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Mineral Property Interest, unproven |
MineralPropertiesNet
|
$230.18K | USD | Point-in-time |
| Total assets |
Assets
|
$246.76K | USD | Point-in-time |
| Total assets |
Assets
|
$242.91K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$84.18K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$167.06K | USD | Point-in-time |
| Due to related parties and accrued interest |
DueToRelatedPartiesAndAccruedInterestCurrent
|
$2.27M | USD | Point-in-time |
| Due to related parties and accrued interest |
DueToRelatedPartiesAndAccruedInterestCurrent
|
$2.02M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.44M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.11M | 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: 50,634,536 common shares and no preferred shares at September 30, 2021 50,605,965 common shares and no preferred shares at December 31, 2020 |
CommonStockValue
|
$3.45K | 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: 50,634,536 common shares and no preferred shares at September 30, 2021 50,605,965 common shares and no preferred shares at December 31, 2020 |
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
|
$-3.49M | USD | Point-in-time |
| Accumulated Deficit |
RetainedEarningsAccumulatedDeficit
|
$-3.83M | USD | Point-in-time |
| Total stockholders deficiency |
StockholdersEquity
|
$-1.99M | USD | Point-in-time |
| Total stockholders deficiency |
StockholdersEquity
|
$-1.70M | USD | Point-in-time |
| Total stockholders deficiency |
StockholdersEquity
|
$-2.09M | USD | Point-in-time |
| Total stockholders deficiency |
StockholdersEquity
|
$-1.50M | USD | Point-in-time |
| Total stockholders deficiency |
StockholdersEquity
|
$-1.61M | USD | Point-in-time |
| Total stockholders deficiency |
StockholdersEquity
|
$-2.20M | USD | Point-in-time |
| Total stockholders deficiency |
StockholdersEquity
|
$-1.86M | USD | Point-in-time |
| Total stockholders deficiency |
StockholdersEquity
|
$-1.37M | USD | Point-in-time |
| Total liabilities and stockholders deficiency |
LiabilitiesAndStockholdersEquity
|
$246.76K | USD | Point-in-time |
| Total liabilities and stockholders deficiency |
LiabilitiesAndStockholdersEquity
|
$242.91K | USD | Point-in-time |
Income Statement
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
Revenues
|
- | USD | 1 Quarter |
| Revenue |
Revenues
|
- | USD | 3 Qtrs |
| Revenue |
Revenues
|
- | USD | 1 Quarter |
| Revenue |
Revenues
|
- | USD | 3 Qtrs |
| Consulting services |
ConsultingServices
|
$93.88K | USD | 3 Qtrs |
| Consulting services |
ConsultingServices
|
$129.38K | USD | 3 Qtrs |
| Consulting services |
ConsultingServices
|
$31.90K | USD | 1 Quarter |
| Consulting services |
ConsultingServices
|
$31.31K | USD | 1 Quarter |
| Corporate support services |
CorporateSupportServices
|
$1.51K | USD | 3 Qtrs |
| Corporate support services |
CorporateSupportServices
|
$1.39K | USD | 3 Qtrs |
| Corporate support services |
CorporateSupportServices
|
$505.00 | USD | 1 Quarter |
| Corporate support services |
CorporateSupportServices
|
$472.00 | USD | 1 Quarter |
| Exploration and evaluation |
ExplorationExpense
|
$3.65K | USD | 1 Quarter |
| Exploration and evaluation |
ExplorationExpense
|
$28.44K | USD | 3 Qtrs |
| Exploration and evaluation |
ExplorationExpense
|
$7.75K | USD | 1 Quarter |
| Exploration and evaluation |
ExplorationExpense
|
$10.06K | USD | 3 Qtrs |
| Mineral option fees |
IncreaseDecreaseInOtherAccruedLiabilities
|
$75.00K | USD | 3 Qtrs |
| Mineral option fees |
IncreaseDecreaseInOtherAccruedLiabilities
|
$75.00K | USD | 3 Qtrs |
| Mineral option fees |
IncreaseDecreaseInOtherAccruedLiabilities
|
$25.01K | USD | 1 Quarter |
| Mineral option fees |
IncreaseDecreaseInOtherAccruedLiabilities
|
$25.01K | USD | 1 Quarter |
| Office, foreign exchange and sundry |
GeneralAndAdministrativeExpense
|
$8.63K | USD | 3 Qtrs |
| Office, foreign exchange and sundry |
GeneralAndAdministrativeExpense
|
$6.00K | USD | 3 Qtrs |
| Office, foreign exchange and sundry |
GeneralAndAdministrativeExpense
|
$1.85K | USD | 1 Quarter |
| Office, foreign exchange and sundry |
GeneralAndAdministrativeExpense
|
$1.57K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$30.06K | USD | 3 Qtrs |
| Professional fees |
ProfessionalFees
|
$7.93K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$6.85K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$35.72K | USD | 3 Qtrs |
| Transfer and filing fees |
NoninterestExpenseTransferAgentAndCustodianFees
|
$22.91K | USD | 3 Qtrs |
| Transfer and filing fees |
NoninterestExpenseTransferAgentAndCustodianFees
|
$21.97K | USD | 3 Qtrs |
| Transfer and filing fees |
NoninterestExpenseTransferAgentAndCustodianFees
|
$1.95K | USD | 1 Quarter |
| Transfer and filing fees |
NoninterestExpenseTransferAgentAndCustodianFees
|
$2.19K | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$71.41K | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$263.47K | USD | 3 Qtrs |
| Total operating expenses |
CostsAndExpenses
|
$76.55K | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$276.49K | USD | 3 Qtrs |
| Operating Loss |
OperatingIncomeLoss
|
$-276.49K | USD | 3 Qtrs |
| Operating Loss |
OperatingIncomeLoss
|
$-76.55K | USD | 1 Quarter |
| Operating Loss |
OperatingIncomeLoss
|
$-71.41K | USD | 1 Quarter |
| Operating Loss |
OperatingIncomeLoss
|
$-263.47K | USD | 3 Qtrs |
| Interest, bank and finance charges |
InterestAndDebtExpense
|
$21.77K | USD | 1 Quarter |
| Interest, bank and finance charges |
InterestAndDebtExpense
|
$25.34K | USD | 1 Quarter |
| Interest, bank and finance charges |
InterestAndDebtExpense
|
$72.35K | USD | 3 Qtrs |
| Interest, bank and finance charges |
InterestAndDebtExpense
|
$61.06K | USD | 3 Qtrs |
| Net Loss and Comprehensive Loss For The Period |
NetIncomeLoss
|
$-126.88K | USD | 1 Quarter |
| Net Loss and Comprehensive Loss For The Period |
NetIncomeLoss
|
$-335.81K | USD | 3 Qtrs |
| Net Loss and Comprehensive Loss For The Period |
NetIncomeLoss
|
$-107.05K | USD | 1 Quarter |
| Net Loss and Comprehensive Loss For The Period |
NetIncomeLoss
|
$-93.18K | USD | 1 Quarter |
| Net Loss and Comprehensive Loss For The Period |
NetIncomeLoss
|
$-133.51K | USD | 1 Quarter |
| Net Loss and Comprehensive Loss For The Period |
NetIncomeLoss
|
$-110.87K | USD | 1 Quarter |
| Net Loss and Comprehensive Loss For The Period |
NetIncomeLoss
|
$-337.56K | USD | 3 Qtrs |
| Net Loss and Comprehensive Loss For The Period |
NetIncomeLoss
|
$-101.89K | USD | 1 Quarter |
| Basic And Diluted Net Loss Per Common Share |
EarningsPerShareBasicAndDiluted
|
- | USD | 1 Quarter |
| Basic And Diluted Net Loss Per Common Share |
EarningsPerShareBasicAndDiluted
|
$-0.01 | USD | 3 Qtrs |
| Basic And Diluted Net Loss Per Common Share |
EarningsPerShareBasicAndDiluted
|
$-0.01 | USD | 3 Qtrs |
| Basic And Diluted Net 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 | 3 Qtrs |
| Weighted Average Number of Common Shares Outstanding Basic and Diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
50.63M | shares | 3 Qtrs |
| Weighted Average Number of Common Shares Outstanding Basic and Diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
50.63M | shares | 1 Quarter |
Cash Flow Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss for the period |
NetIncomeLoss
|
$-126.88K | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$-335.81K | USD | 3 Qtrs |
| Net loss for the period |
NetIncomeLoss
|
$-107.05K | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$-93.18K | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$-133.51K | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$-110.87K | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$-337.56K | USD | 3 Qtrs |
| Net loss for the period |
NetIncomeLoss
|
$-101.89K | USD | 1 Quarter |
| Foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossRealized
|
$-7.00 | USD | 3 Qtrs |
| Foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossRealized
|
$46.00 | USD | 3 Qtrs |
| Stock options issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
$2.98K | USD | 3 Qtrs |
| Stock options issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
- | USD | 3 Qtrs |
| Prepaid fees |
IncreaseDecreaseInPrepaidExpense
|
$-2.50K | USD | 3 Qtrs |
| Prepaid fees |
IncreaseDecreaseInPrepaidExpense
|
$54.32K | USD | 3 Qtrs |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$141.58K | USD | 3 Qtrs |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$130.16K | 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
|
$54.53K | USD | 3 Qtrs |
| Accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$71.79K | USD | 3 Qtrs |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-117.84K | USD | 3 Qtrs |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-56.35K | USD | 3 Qtrs |
| Proceeds from loans payable related party |
ProceedsFromCollectionOfLongtermLoansToRelatedParties
|
$55.00K | USD | 3 Qtrs |
| Proceeds from loans payable related party |
ProceedsFromCollectionOfLongtermLoansToRelatedParties
|
$120.00K | USD | 3 Qtrs |
| Net cash provided by financing activity |
NetCashProvidedByUsedInFinancingActivities
|
$55.00K | USD | 3 Qtrs |
| Net cash provided by financing activity |
NetCashProvidedByUsedInFinancingActivities
|
$120.00K | USD | 3 Qtrs |
| Net Increase (Decrease) In Cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$2.16K | USD | 3 Qtrs |
| Net Increase (Decrease) In Cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.35K | USD | 3 Qtrs |
| Cash, Beginning of Period |
Cash
|
$11.29K | USD | Point-in-time |
| Cash, Beginning of Period |
Cash
|
$12.66K | USD | Point-in-time |
| Cash, Beginning of Period |
Cash
|
$12.64K | USD | Point-in-time |
| Cash, Beginning of Period |
Cash
|
$10.50K | USD | Point-in-time |
| Cash, End of Period |
Cash
|
$11.29K | USD | Point-in-time |
| Cash, End of Period |
Cash
|
$12.66K | USD | Point-in-time |
| Cash, End of Period |
Cash
|
$12.64K | USD | Point-in-time |
| Cash, End of Period |
Cash
|
$10.50K | USD | Point-in-time |
| Interest |
InterestPaidNet
|
- | USD | 3 Qtrs |
| Interest |
InterestPaidNet
|
- | USD | 3 Qtrs |
| Income taxes |
IncomeTaxesPaidNet
|
- | USD | 3 Qtrs |
| Income taxes |
IncomeTaxesPaidNet
|
- | USD | 3 Qtrs |
| Expenses paid by related parties on behalf of the Company |
ExpensesPaidByRelatedParty
|
$88.28K | USD | 3 Qtrs |
| Expenses paid by related parties on behalf of the Company |
ExpensesPaidByRelatedParty
|
$47.28K | USD | 3 Qtrs |
Stockholders Equity
28 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance, value |
StockholdersEquity
|
$-1.99M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$-1.70M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$-2.09M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$-1.50M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$-1.61M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$-2.20M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$-1.86M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$-1.37M | USD | Point-in-time |
| Shares issued on cashless exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
- | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$-126.88K | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$-335.81K | USD | 3 Qtrs |
| Net loss for the period |
NetIncomeLoss
|
$-107.05K | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$-93.18K | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$-133.51K | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$-110.87K | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$-337.56K | USD | 3 Qtrs |
| Net loss for the period |
NetIncomeLoss
|
$-101.89K | USD | 1 Quarter |
| Ending balance, value |
StockholdersEquity
|
$-1.99M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$-1.70M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$-2.09M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$-1.50M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$-1.61M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$-2.20M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$-1.86M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$-1.37M | USD | Point-in-time |
| Stock options issued for services |
StockIssuedDuringPeriodValueIssuedForServices
|
$1.00K | USD | 1 Quarter |
| Stock options issued for services |
StockIssuedDuringPeriodValueIssuedForServices
|
$988.00 | USD | 1 Quarter |
| Stock options issued for services |
StockIssuedDuringPeriodValueIssuedForServices
|
$991.00 | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.