10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001654954-17-004367 |
| Period End Date | 20170331 |
| Filing Date | 20170511 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | lsmg-20170331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
38 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 |
| Common stock, Authorized |
CommonStockSharesAuthorized
|
480.00M | shares | Point-in-time |
| Cash |
Cash
|
$11.50K | USD | Point-in-time |
| Cash |
Cash
|
$5.13K | USD | Point-in-time |
| Cash |
Cash
|
$374.00 | USD | Point-in-time |
| Cash |
Cash
|
$12.46K | USD | Point-in-time |
| Common stock, Authorized |
CommonStockSharesAuthorized
|
480.00M | shares | Point-in-time |
| Total current assets |
AssetsCurrent
|
$11.50K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$5.13K | USD | Point-in-time |
| Common stock, Issued |
CommonStockSharesIssued
|
49.13M | shares | Point-in-time |
| Common stock, Issued |
CommonStockSharesIssued
|
49.13M | shares | Point-in-time |
| Mineral Property Interest, unproved |
MineralPropertiesNet
|
$230.18K | USD | Point-in-time |
| Mineral Property Interest, unproved |
MineralPropertiesNet
|
$230.18K | 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 |
| Total Assets |
Assets
|
$241.68K | USD | Point-in-time |
| Total Assets |
Assets
|
$235.31K | USD | Point-in-time |
| Preferred stock, Authorized |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Preferred stock, Authorized |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$19.02K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$15.94K | USD | Point-in-time |
| Due to related parties and accrued interest |
DueToRelatedPartiesCurrent
|
$837.59K | USD | Point-in-time |
| Due to related parties and accrued interest |
DueToRelatedPartiesCurrent
|
$762.12K | USD | Point-in-time |
| Loans payable and accrued interest |
LoansPayableCurrent
|
$58.67K | USD | Point-in-time |
| Loans payable and accrued interest |
LoansPayableCurrent
|
$62.31K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$912.20K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$843.44K | USD | Point-in-time |
| Authorized: 480,000,000 voting common shares with a par value of $0.001 per share 20,000,0000 preferred shares with a par value of $0.001 per share Issued: 49,127,825 common shares at March 31, 2017 and December 31, 2016 |
CommonStockValue
|
$1.95K | USD | Point-in-time |
| Authorized: 480,000,000 voting common shares with a par value of $0.001 per share 20,000,0000 preferred shares with a par value of $0.001 per share Issued: 49,127,825 common shares at March 31, 2017 and December 31, 2016 |
CommonStockValue
|
$1.95K | USD | Point-in-time |
| Additional Paid-In Capital |
AdditionalPaidInCapitalCommonStock
|
$1.07M | USD | Point-in-time |
| Additional Paid-In Capital |
AdditionalPaidInCapitalCommonStock
|
$1.27M | USD | Point-in-time |
| Accumulated Deficit |
RetainedEarningsAccumulatedDeficit
|
$-1.68M | USD | Point-in-time |
| Accumulated Deficit |
RetainedEarningsAccumulatedDeficit
|
$-1.94M | USD | Point-in-time |
| Stockholders' deficit |
StockholdersEquity
|
$-670.52K | USD | Point-in-time |
| Stockholders' deficit |
StockholdersEquity
|
$-608.13K | USD | Point-in-time |
| Total liabilities and stockholders' deficit |
LiabilitiesAndStockholdersEquity
|
$235.31K | USD | Point-in-time |
| Total liabilities and stockholders' deficit |
LiabilitiesAndStockholdersEquity
|
$241.68K | USD | Point-in-time |
Income Statement
30 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
SalesRevenueNet
|
- | USD | 1 Quarter |
| Revenue |
SalesRevenueNet
|
- | USD | 1 Quarter |
| Consulting services |
TechnologyServicesCosts
|
$204.80K | USD | 1 Quarter |
| Consulting services |
TechnologyServicesCosts
|
$5.70K | USD | 1 Quarter |
| Corporate support services |
CorporateSupportServices
|
$570.00 | USD | 1 Quarter |
| Corporate support services |
CorporateSupportServices
|
$475.00 | USD | 1 Quarter |
| Mineral option fees |
MineralOptionFees
|
$24.99K | USD | 1 Quarter |
| Mineral option fees |
MineralOptionFees
|
$24.98K | USD | 1 Quarter |
| Office, foreign exchange and sundry |
GeneralAndAdministrativeExpense
|
$904.00 | USD | 1 Quarter |
| Office, foreign exchange and sundry |
GeneralAndAdministrativeExpense
|
$4.36K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$15.57K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$4.71K | USD | 1 Quarter |
| Transfer and filing fees |
TransferAndFilingFees
|
$16.33K | USD | 1 Quarter |
| Transfer and filing fees |
TransferAndFilingFees
|
$14.32K | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$67.52K | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$250.18K | USD | 1 Quarter |
| Operating Loss |
OperatingIncomeLoss
|
$-250.18K | USD | 1 Quarter |
| Operating Loss |
OperatingIncomeLoss
|
$-67.52K | USD | 1 Quarter |
| Interest, bank and finance charges |
InterestAndDebtExpense
|
$10.78K | USD | 1 Quarter |
| Interest, bank and finance charges |
InterestAndDebtExpense
|
$6.58K | USD | 1 Quarter |
| Penalties |
Penalties
|
- | USD | 1 Quarter |
| Penalties |
Penalties
|
$40.23K | USD | 1 Quarter |
| Total other income (expense) |
OtherNonoperatingIncomeExpense
|
$-46.80K | USD | 1 Quarter |
| Total other income (expense) |
OtherNonoperatingIncomeExpense
|
$-10.78K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-114.32K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-260.96K | USD | 1 Quarter |
| Basic And Diluted Loss Per Common Share |
EarningsPerShareBasicAndDiluted
|
- | USD | 1 Quarter |
| Basic And Diluted Loss Per Common Share |
EarningsPerShareBasicAndDiluted
|
$-0.01 | USD | 1 Quarter |
| 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
|
49.13M | shares | 1 Quarter |
Cash Flow Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss for the period |
NetIncomeLoss
|
$-114.32K | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$-260.96K | USD | 1 Quarter |
| Foreign exchange loss |
ForeignCurrencyTransactionGainLossRealized
|
$-1.81K | USD | 1 Quarter |
| Foreign exchange loss |
ForeignCurrencyTransactionGainLossRealized
|
$-216.00 | USD | 1 Quarter |
| Stock issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
- | USD | 1 Quarter |
| Stock issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
$198.57K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$12.97K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$63.93K | USD | 1 Quarter |
| Due to related party |
IncreaseDecreaseInDueToRelatedParties
|
$24.98K | USD | 1 Quarter |
| Due to related party |
IncreaseDecreaseInDueToRelatedParties
|
$24.99K | USD | 1 Quarter |
| Accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$6.51K | USD | 1 Quarter |
| Accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$10.60K | USD | 1 Quarter |
| Net cash used in Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-17.08K | USD | 1 Quarter |
| Net cash used in Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-13.63K | USD | 1 Quarter |
| Repayment of loans payable |
RepaymentsOfLongTermDebt
|
$5.00K | USD | 1 Quarter |
| Repayment of loans payable |
RepaymentsOfLongTermDebt
|
$10.00K | USD | 1 Quarter |
| Proceeds from loans payable related party |
ProceedsFromCollectionOfLongtermLoansToRelatedParties
|
$15.00K | USD | 1 Quarter |
| Proceeds from loans payable related party |
ProceedsFromCollectionOfLongtermLoansToRelatedParties
|
$25.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$5.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$20.00K | USD | 1 Quarter |
| Net Increase (Decrease) In Cash |
CashPeriodIncreaseDecrease
|
$-12.08K | USD | 1 Quarter |
| Net Increase (Decrease) In Cash |
CashPeriodIncreaseDecrease
|
$6.37K | USD | 1 Quarter |
| Cash, Beginning Of Period |
Cash
|
$11.50K | USD | Point-in-time |
| Cash, Beginning Of Period |
Cash
|
$5.13K | USD | Point-in-time |
| Cash, Beginning Of Period |
Cash
|
$374.00 | USD | Point-in-time |
| Cash, Beginning Of Period |
Cash
|
$12.46K | USD | Point-in-time |
| Cash, End Of Period |
Cash
|
$11.50K | USD | Point-in-time |
| Cash, End Of Period |
Cash
|
$5.13K | USD | Point-in-time |
| Cash, End Of Period |
Cash
|
$374.00 | USD | Point-in-time |
| Cash, End Of Period |
Cash
|
$12.46K | USD | Point-in-time |
| Cash paid during the period for Interest |
InterestPaid
|
- | USD | 1 Quarter |
| Cash paid during the period for Interest |
InterestPaid
|
- | 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
|
$29.35K | USD | 1 Quarter |
| Expenses paid by related party on behalf of the Company |
ExpensesPaidByRelatedParty
|
$16.04K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.