tmrc_083117.xfr 1 of 1  
  12/13/2017 07:41 PM  
 
 

XBRL File

 
Document - Document and Entity Information
Document - Document and Entity Information (USD $) 12 Months Ended    
( custom:DocumentAndEntityInformationAbstract [Extension] )      
   
  Aug. 31, 2017 Dec. 11, 2017 Dec. 1, 2017
       
   
       
       
   
Entity Registrant Name Texas Mineral Resources Corp.    
( dei:EntityRegistrantName )      
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.  
Entity Central Index Key 0001445942    
( dei:EntityCentralIndexKey )      
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.  
Document Type 10-K    
( dei:DocumentType )      
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".  
Document Period End Date 2017-08-31    
( dei:DocumentPeriodEndDate )      
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.  
Amendment Flag false    
( dei:AmendmentFlag )      
If the value is true, then the document is an amendment to previously-filed/accepted document.  
Current Fiscal Year End Date --08-31    
( dei:CurrentFiscalYearEndDate )      
End date of current fiscal year in the format --MM-DD.  
Entity a Well-known Seasoned Issuer No    
( dei:EntityWellKnownSeasonedIssuer )      
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.  
Entity a Voluntary Filer No    
( dei:EntityVoluntaryFilers )      
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.  
Entity's Reporting Status Current Yes    
( dei:EntityCurrentReportingStatus )      
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.  
Entity Filer Category Smaller Reporting Company    
( dei:EntityFilerCategory )      
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.  
Document Fiscal Period Focus FY    
( dei:DocumentFiscalPeriodFocus )      
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.  
Document Fiscal Year Focus 2017    
( dei:DocumentFiscalYearFocus )      
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.  
Entity Common Stock, Shares Outstanding   44,941,532  
( dei:EntityCommonStockSharesOutstanding )      
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.  
Entity Public Float     6,492,839
( dei:EntityPublicFloat )      
State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K.  
(End Document - Document and Entity Information)
 
Statement - BALANCE SHEETS
Statement - BALANCE SHEETS (USD $)    
( us-gaap:StatementOfFinancialPositionAbstract )    
   
  Aug. 31, 2017 Aug. 31, 2016
     
   
     
     
   
ASSETS    
( us-gaap:AssetsAbstract )    
   
    CURRENT ASSETS    
    ( us-gaap:AssetsCurrentAbstract )    
   
        Cash and cash equivalents 1,080 5,164
        ( us-gaap:CashAndCashEquivalentsAtCarryingValue )    
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.  
        Prepaid expenses and other current assets 6,667 6,667
        ( us-gaap:PrepaidExpenseAndOtherAssetsCurrent )    
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer.  
        Total current assets 7,747 11,831
        ( us-gaap:AssetsCurrent )    
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.  
    Property and equipment, net 5,421 15,536
    ( us-gaap:PropertyPlantAndEquipmentNet )    
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.  
    Mineral properties 358,594 1,753,446
    ( us-gaap:MineralPropertiesNet )    
Mineral properties, net of adjustments.  
    Deposits 24,000 29,710
    ( us-gaap:DepositsAssetsNoncurrent )    
Carrying value of amounts transferred to third parties for security purposes that are expected to be returned or applied towards payment after one year or beyond the operating cycle, if longer.  
    TOTAL ASSETS 395,762 1,810,523
    ( us-gaap:Assets )    
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.  
LIABILITIES AND SHAREHOLDERS' EQUITY    
( us-gaap:LiabilitiesAndStockholdersEquityAbstract )    
   
    CURRENT LIABILITIES    
    ( us-gaap:LiabilitiesCurrentAbstract )    
   
        Accounts payable and accrued liabilities 1,003,468 602,533
        ( us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent )    
Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.  
        Notes payable - related party, net of discount 246,165 76,500
        ( us-gaap:NotesPayableRelatedPartiesClassifiedCurrent )    
The amount for notes payable (written promise to pay), due to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).  
        Current portion of note payable 260,387 260,387
        ( us-gaap:NotesPayableCurrent )    
Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer.  
        Total current liabilities 1,510,020 939,420
        ( us-gaap:LiabilitiesCurrent )    
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.  
    COMMITMENTS AND CONTINGENCIES  
    ( us-gaap:CommitmentsAndContingencies )    
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.  
    SHAREHOLDERS' EQUITY    
    ( us-gaap:StockholdersEquityAbstract )    
   
        Preferred stock, par value $0.001; 10,000,000 shares authorized, no shares issued and outstanding as of August 31, 2017 and August 31, 2016, respectively  
        ( us-gaap:PreferredStockValue )    
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.  
        Common stock, par value $0.01; 100,000,000 shares authorized, 44,941,532 and 44,941,532 shares issued and outstanding as of August 31, 2017 and August 31, 2016, respectively 449,416 449,416
        ( us-gaap:CommonStockValue )    
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.  
        Additional paid-in capital 33,068,309 32,918,544
        ( us-gaap:AdditionalPaidInCapital )    
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.  
        Accumulated deficit (34,631,983 ) (32,496,857 )
        ( us-gaap:RetainedEarningsAccumulatedDeficit )    
The cumulative amount of the reporting entity's undistributed earnings or deficit.  
        Total shareholders' equity (1,114,258 ) 871,103
        ( us-gaap:StockholdersEquity )    
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.  
    TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 395,762 1,810,523
    ( us-gaap:LiabilitiesAndStockholdersEquity )    
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.  
(End Statement - BALANCE SHEETS)
 
Statement - BALANCE SHEETS (Parenthetical)
Statement - BALANCE SHEETS (Parenthetical) (USD $)    
( us-gaap:StatementOfFinancialPositionAbstract )    
   
  Aug. 31, 2017 Aug. 31, 2016
     
   
     
     
   
Preferred stock, par value 0.001 0.001
( us-gaap:PreferredStockParOrStatedValuePerShare )    
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.  
Preferred stock, shares authorized 10,000,000 10,000,000
( us-gaap:PreferredStockSharesAuthorized )    
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.  
Preferred stock, shares issued 0 0
( us-gaap:PreferredStockSharesIssued )    
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.  
Preferred stock, shares outstanding 0 0
( us-gaap:PreferredStockSharesOutstanding )    
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.  
Common stock, par value 0.01 0.01
( us-gaap:CommonStockParOrStatedValuePerShare )    
Face amount or stated value per share of common stock.  
Common stock, shares authorized 100,000,000 100,000,000
( us-gaap:CommonStockSharesAuthorized )    
The maximum number of common shares permitted to be issued by an entity's charter and bylaws.  
Common stock, shares issued 44,941,532 44,941,532
( us-gaap:CommonStockSharesIssued )    
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.  
Common stock, shares outstanding 44,941,532 44,941,532
( us-gaap:CommonStockSharesOutstanding )    
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.  
(End Statement - BALANCE SHEETS (Parenthetical))
 
Statement - STATEMENTS OF OPERATIONS
Statement - STATEMENTS OF OPERATIONS (USD $) 12 Months Ended
( us-gaap:IncomeStatementAbstract )  
   
  Aug. 31, 2017 Aug. 31, 2016
     
   
     
     
   
OPERATING EXPENSES    
( us-gaap:OperatingExpensesAbstract )    
   
    Exploration costs 90,484 216,223
    ( us-gaap:ExplorationExpenseMining )    
Exploration expenses (including prospecting) related to the mining industry would be included in operating expenses. Exploration costs include costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of mineral reserves.  
    Impairment of mineral properties 1,394,852
    ( us-gaap:ImpairmentOfOilAndGasProperties )    
The expense recorded to reduce the value of oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced.  
    General and administrative expenses 495,906 987,869
    ( us-gaap:GeneralAndAdministrativeExpense )    
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.  
    Total operating expenses 1,981,242 1,204,092
    ( us-gaap:OperatingExpenses )    
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.  
LOSS FROM OPERATIONS (1,981,242 ) (1,204,092 )
( us-gaap:OperatingIncomeLoss )    
The net result for the period of deducting operating expenses from operating revenues.  
OTHER INCOME (EXPENSE)    
( us-gaap:NonoperatingIncomeExpenseAbstract )    
   
    Gain on sale of asset   5,698
    ( us-gaap:GainLossOnSaleOfPropertyPlantEquipment )    
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property.  
    Interest and other income 2 448
    ( us-gaap:InterestAndOtherIncome )    
The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business).  
    Interest and other expense (153,886 ) (15,993 )
    ( us-gaap:OtherNonoperatingExpense )    
Amount of expense related to nonoperating activities, classified as other.  
    Total other income (expense) (153,884 ) (9,847 )
    ( us-gaap:NonoperatingIncomeExpense )    
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).  
NET LOSS (2,135,126 ) (1,213,939 )
( us-gaap:NetIncomeLoss )    
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.  
Net loss per share:    
( us-gaap:EarningsPerShareBasicAndDilutedAbstract )    
   
    Basic and diluted net loss per share (0.05 ) (0.03 )
    ( us-gaap:EarningsPerShareBasicAndDiluted )    
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.  
Weighted average shares outstanding:    
( us-gaap:EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract )    
   
    Basic and diluted 44,941,532 43,857,977
    ( us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted )    
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).  
(End Statement - STATEMENTS OF OPERATIONS)
 
Statement - STATEMENTS OF CASH FLOWS
Statement - STATEMENTS OF CASH FLOWS (USD $) 12 Months Ended
( us-gaap:StatementOfCashFlowsAbstract )  
   
  Aug. 31, 2017 Aug. 31, 2016
     
   
     
     
   
CASH FLOWS FROM OPERATING ACTIVITIES    
( us-gaap:NetCashProvidedByUsedInOperatingActivitiesAbstract )    
   
    Net loss (2,135,126 ) (1,213,939 )
    ( us-gaap:NetIncomeLoss )    
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.  
    Adjustments to reconcile net loss to net cash used in operating activities:    
    ( us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract )    
   
        Cashless compensation for advances 105,751
        ( us-gaap:IssuanceOfStockAndWarrantsForServicesOrClaims )    
Fair value of share-based compensation granted to nonemployees as payment for services rendered or acknowledged claims.  
        Discount on loans from beneficial conversion feature 25,107
        ( custom:DiscountOnLoansFromBeneficialConversionFeature [Extension] )    
Amount of noncash expense included in interest expense for discount on loan from benefical conversion feature.  
        Impairment of mineral properties 1,394,852
        ( us-gaap:ImpairmentOfOilAndGasProperties )    
The expense recorded to reduce the value of oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced.  
        Depreciation expense 10,115 27,737
        ( us-gaap:Depreciation )    
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.  
        Gain on sale of asset   (5,698 )
        ( us-gaap:GainLossOnSaleOfPropertyPlantEquipment )    
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property.  
        Stock based compensation 18,907 188,756
        ( us-gaap:ShareBasedCompensation )    
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.  
        Changes in current assets and liabilities:    
        ( us-gaap:IncreaseDecreaseInOperatingCapitalAbstract )    
   
            Deposits 5,710 20,753
            ( us-gaap:IncreaseDecreaseInDepositOtherAssets )    
The increase (decrease) during the reporting period in moneys or securities given as security including, but not limited to, contract, escrow, or earnest money deposits, retainage (if applicable), deposits with clearing organizations and others, collateral, or margin deposits.  
            Accounts payable and accrued expenses 400,935 135,075
            ( us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities )    
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.  
            Accounts payable related party 239,224
            ( us-gaap:IncreaseDecreaseInAccountsPayableRelatedParties )    
The increase (decrease) during the reporting period in the obligations due for goods and services provided by the following types of related parties: a parent company and its subsidiaries, subsidiaries of a common parent, an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management, an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence.  
            Net cash used in operating activities (173,749 ) (608,091 )
            ( us-gaap:NetCashProvidedByUsedInOperatingActivities )    
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.  
CASH FLOWS FROM INVESTING ACTIVITIES    
( us-gaap:NetCashProvidedByUsedInInvestingActivitiesAbstract )    
   
    Proceeds from sale of equipment   9,776
    ( us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment )    
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale.  
    Investment in mineral properties   (15,000 )
    ( us-gaap:PaymentsToAcquireMiningAssets )    
The cash outflow from the purchase of mining and mining related assets during the period.  
    Net cash used in investing activities   (5,224 )
    ( us-gaap:NetCashProvidedByUsedInInvestingActivities )    
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.  
CASH FLOWS FROM FINANCING ACTIVITIES    
( us-gaap:NetCashProvidedByUsedInFinancingActivitiesAbstract )    
   
    Payment on lease note payable   (30,459 )
    ( us-gaap:RepaymentsOfNotesPayable )    
The cash outflow for a borrowing supported by a written promise to pay an obligation.  
    Cash from sale of common stock   569,500
    ( us-gaap:ProceedsFromIssuanceOfCommonStock )    
The cash inflow from the additional capital contribution to the entity.  
    Proceeds from loan payable 169,665 76,500
    ( us-gaap:ProceedsFromOtherShortTermDebt )    
Amount of cash inflow from short-term debt classified as other.  
    Net cash provided by financing activities 169,665 615,541
    ( us-gaap:NetCashProvidedByUsedInFinancingActivities )    
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.  
NET CHANGE IN CASH AND CASH EQUIVALENTS (4,084 ) 2,226
( us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease )    
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.  
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 5,164 2,938
( us-gaap:CashAndCashEquivalentsAtCarryingValue )    
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.  
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,080 5,164
( us-gaap:CashAndCashEquivalentsAtCarryingValue )    
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.  
     
     
   
SUPPLEMENTAL INFORMATION    
( us-gaap:SupplementalCashFlowInformationAbstract )    
   
    Interest paid    
    ( us-gaap:InterestPaid )    
The amount of cash paid for interest during the period.  
    Taxes paid    
    ( us-gaap:IncomeTaxesPaid )    
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income.  
(End Statement - STATEMENTS OF CASH FLOWS)
 
Statement - STATEMENTS OF SHAREHOLDERS' EQUITY
Statement - STATEMENTS OF SHAREHOLDERS' EQUITY (USD $)          
( us-gaap:StatementOfStockholdersEquityAbstract )          
   
  Preferred Stock Common Stock Additional Paid-in Capital Accumulated Deficit <Total>
( us-gaap:StatementEquityComponentsAxis )          
Information by component of equity.  
           
( us-gaap:EquityComponentDomain )          
Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc.  
From Sep. 1, 2015 to Aug. 31, 2016          
           
   
Balance at beginning   413,681 32,106,023 (31,282,918 ) 1,236,786
( us-gaap:StockholdersEquity )          
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.  
Balance at beginning, shares   41,368,015      
( us-gaap:SharesOutstanding )          
Number of shares issued which are neither cancelled nor held in the treasury.  
Options issued to Officers and Directors     106,785   106,785
( us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue )          
This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation".  
Options issued for services     19,471   19,471
( us-gaap:AdjustmentsToAdditionalPaidInCapitalOther )          
Amount of other increase (decrease) in additional paid in capital (APIC).  
Cashless compensation for advances          
( custom:AdjustmentForCashlessCompensationForAdvances [Extension] )          
Amount of other increase (decrease) in additional paid in capital (APIC) for cashless compensation for advances.  
Discount on notes payable from beneficial conversion          
( us-gaap:AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature )          
Amount of increase (decrease) in additional paid in capital (APIC) resulting from recognition of deferred taxes for convertible debt with a beneficial conversion feature.  
Common stock issued for services   2,760 59,740   62,500
( us-gaap:StockIssuedDuringPeriodValueIssuedForServices )          
Value of stock issued in lieu of cash for services contributed to the entity. Value of the stock issued includes, but is not limited to, services contributed by vendors and founders.  
Common stock issued for services, shares   276,017      
( us-gaap:StockIssuedDuringPeriodSharesIssuedForServices )          
Number of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.  
Common stock issued for cash   28,475 541,025   569,500
( us-gaap:StockIssuedDuringPeriodValueNewIssues )          
Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.  
Common stock issued for cash, shares   2,847,500      
( us-gaap:StockIssuedDuringPeriodSharesNewIssues )          
Number of new stock issued during the period.  
Common stock issued for note conversion   4,500 85,500   90,000
( us-gaap:StockIssuedDuringPeriodValueConversionOfConvertibleSecurities )          
The gross value of stock issued during the period upon the conversion of convertible securities.  
Common stock issued for note conversion, shares   450,000      
( us-gaap:StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities )          
Number of shares issued during the period as a result of the conversion of convertible securities.  
Net loss       (1,213,939 ) (1,213,939 )
( us-gaap:NetIncomeLoss )          
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.  
Balance at ending   449,416 32,918,544 (32,496,857 ) 871,103
( us-gaap:StockholdersEquity )          
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.  
Balance at ending, shares   44,941,532      
( us-gaap:SharesOutstanding )          
Number of shares issued which are neither cancelled nor held in the treasury.  
           
           
   
From Sep. 1, 2016 to Aug. 31, 2017          
           
   
Balance at beginning   449,416 32,918,544 (32,496,857 ) 871,103
( us-gaap:StockholdersEquity )          
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.  
Balance at beginning, shares   44,941,532      
( us-gaap:SharesOutstanding )          
Number of shares issued which are neither cancelled nor held in the treasury.  
Options issued to Officers and Directors          
( us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue )          
This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation".  
Options issued for services     18,907   18,907
( us-gaap:AdjustmentsToAdditionalPaidInCapitalOther )          
Amount of other increase (decrease) in additional paid in capital (APIC).  
Cashless compensation for advances     105,751   105,751
( custom:AdjustmentForCashlessCompensationForAdvances [Extension] )          
Amount of other increase (decrease) in additional paid in capital (APIC) for cashless compensation for advances.  
Discount on notes payable from beneficial conversion     25,107   25,107
( us-gaap:AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature )          
Amount of increase (decrease) in additional paid in capital (APIC) resulting from recognition of deferred taxes for convertible debt with a beneficial conversion feature.  
Common stock issued for services          
( us-gaap:StockIssuedDuringPeriodValueIssuedForServices )          
Value of stock issued in lieu of cash for services contributed to the entity. Value of the stock issued includes, but is not limited to, services contributed by vendors and founders.  
Common stock issued for services, shares          
( us-gaap:StockIssuedDuringPeriodSharesIssuedForServices )          
Number of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.  
Common stock issued for cash          
( us-gaap:StockIssuedDuringPeriodValueNewIssues )          
Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.  
Common stock issued for cash, shares          
( us-gaap:StockIssuedDuringPeriodSharesNewIssues )          
Number of new stock issued during the period.  
Common stock issued for note conversion          
( us-gaap:StockIssuedDuringPeriodValueConversionOfConvertibleSecurities )          
The gross value of stock issued during the period upon the conversion of convertible securities.  
Common stock issued for note conversion, shares          
( us-gaap:StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities )          
Number of shares issued during the period as a result of the conversion of convertible securities.  
Net loss       (2,135,126 ) (2,135,126 )
( us-gaap:NetIncomeLoss )          
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.  
Balance at ending   449,416 33,068,309 (34,631,983 ) (1,114,258 )
( us-gaap:StockholdersEquity )          
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.  
Balance at ending, shares   44,941,532      
( us-gaap:SharesOutstanding )          
Number of shares issued which are neither cancelled nor held in the treasury.  
(End Statement - STATEMENTS OF SHAREHOLDERS' EQUITY)
 
Disclosure - ORGANIZATION AND NATURE OF BUSINESS
Disclosure - ORGANIZATION AND NATURE OF BUSINESS (USD $) 12 Months Ended
( us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract )  
   
  Aug. 31, 2017
   
   
   
   
   
ORGANIZATION AND NATURE OF BUSINESS

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

 

Texas Rare Earth Resources Corp (the “Company”) was incorporated in the State of Nevada in 1970. In July 2004, our articles of incorporation were amended and restated to increase the authorized capital to 25,000,000 common shares and, in April 2007, we effected a 1 for 2 reverse stock split. In September 2008, our articles of incorporation were further amended and restated to increase the authorized capital to 100,000,000 common shares with a par value of $0.01 per share and to authorize 10,000,000 preferred shares with a par value of $0.001 per share. Our fiscal year-end is August 31.

 

Effective September 1, 2010, we changed our name from “Standard Silver Corporation” to “Texas Rare Earth Resources Corp.” We are now a mining company engaged in the business of the acquisition and development of mineral properties. As of the date of this filing, we hold two nineteen year leases, executed in September and November of 2011, to explore and develop a 950 acre rare earths project located in Hudspeth County, Texas known as the Round Top Project and prospecting permits covering an adjacent 9,345 acres. We also own unpatented mining claims in New Mexico. We are currently not evaluating any additional prospects, and intend to focus primarily on the development of our Round Top rare earth prospect.

 

On August 24, 2012, we changed our state of incorporation from the State of Nevada to the State of Delaware (the “Reincorporation”) pursuant to a plan of conversion dated August 24, 2012. The Reincorporation was previously submitted to a vote of, and approved by, our stockholders at a special meeting of the stockholders held on April 25, 2012.

 

On March 14, 2016, the Company filed a Certificate of Amendment with the Secretary of State of the State of Delaware to amend its Certificate of Incorporation to change the name of the Company from “Texas Rare Earth Resources Corp” to “Texas Mineral Resources Corp”. The amendment was effective on March 21, 2016. The Certificate of Amendment did not make any other amendments to the Company’s Certificate of Incorporation.

 

The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of approximately $34.6 million as of August 31, 2017 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and or private placement of common stock.

 

( us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock )  
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.  
(End Disclosure - ORGANIZATION AND NATURE OF BUSINESS)
 
Disclosure - SUMMARY OF ACCOUNTING POLICIES
Disclosure - SUMMARY OF ACCOUNTING POLICIES (USD $) 12 Months Ended
( AccountingPoliciesAbstract )  
   
  Aug. 31, 2017
   
   
   
   
   
SUMMARY OF ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF ACCOUNTING POLICIES

 

Basis of Presentation

 

Our financial records are maintained on the accrual basis of accounting whereby revenues are recognized when earned and expenses are recorded when incurred, in accordance with generally accepted accounting principles (“GAAP”) – United States.

 

Reclassification of prior year balances 

 

Our financial statements during the year ended August 31, 2016 contain amounts that have been reclassified for presentation purposes. The amounts and content of account balances were not altered during the reclassification.

 

Cash and Cash Equivalents

 

We consider all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents consist of demand deposits at commercial banks. We currently do not have cash deposits at financial institutions in excess of federally insured limits.

 

Property and Equipment

 

Our property and equipment consists primarily of vehicles, furniture and equipment, and are recorded at cost. Expenditures related to acquiring or extending the useful life of our property and equipment are capitalized. Expenditures for repair and maintenance are charged to operations as incurred. Depreciation is computed using the straight-line method over an estimated useful life of 3-20 years.

 

Lease Deposits

 

From time to time, the Company makes deposits in anticipation of executing leases. The deposits are capitalized upon execution of the applicable agreements. 

 

Long-lived Assets

 

The Company reviews the recoverability of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through operations. To determine if these costs are in excess of their recoverable amount, periodic evaluation of carrying value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated salvage value in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC 360”), Property, Plant and Equipment. The Company’s assets susceptible to impairment analysis are the mineral properties described in footnote 4.

 

Revenue Recognition

 

We recognize revenue when persuasive evidence of an arrangement exists, services have been performed, the sales price is fixed or determinable, and collectability is probable. We have yet to generate any revenue.

 

Mineral Exploration and Development Costs

 

All exploration expenditures are expensed as incurred. Costs of acquisition and option costs of mineral rights are capitalized upon acquisition. Costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. If the Company does not continue with exploration after the completion of the feasibility study, the mineral rights will be expensed at that time. Costs of abandoned projects are charged to mining costs including related property and equipment costs. To determine if these costs are in excess of their recoverable amount, periodic evaluation of carrying value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated salvage value in accordance with ASC 360-10-35-15, Impairment or Disposal of Long-Lived Assets. Exploration costs were approximately $90,000 and $216,000 for the years ended August 31, 2017 and 2016, respectively.

 

Share-based Payments

 

The Company estimates the fair value of share-based compensation using the Black-Scholes valuation model, in accordance with the provisions of ASC 718, Stock Compensation and ASC 505, Share-Based Payments. Key inputs and assumptions used to estimate the fair value of stock options include the grant price of the award, the expected option term, volatility of our stock, the risk-free rate, and dividend yield. Estimates of fair value are not intended to predict actual future events or the value ultimately realized by the option holders, and subsequent events are not indicative of the reasonableness of the original estimates of fair value made by the Company.

 

Amended 2008 Stock Option Plan

 

In September 2008, the Board adopted our 2008 Stock Option Plan (the “2008 Plan”), which was also approved by our shareholders in September 2008. In May 2011, the board of directors adopted an amendment to our 2008 Plan (the “Amended 2008 Plan”), which was also approved by our shareholders in August 2011. The Amended 2008 Plan increased the number of shares available for grant from 2,000,000 to up to 5,000,000 shares of our common stock for awards to our officers, directors, employees and consultants. On February 15, 2012, our stockholders approved an increase of 2,000,000 of shares of common stock available for issuance under the amended 2008 Stock Option Plan (the “Plan”). As amended, the Plan provides for 7,000,000 shares of common stock for all awards. On February 24, 2016, the stockholders of the Company approved an amendment to the Company’s 2008 Stock Option Plan, pursuant to which the number of shares available under the plan was increase from 7,000,000 to 9,000,000 shares of common stock. Other provisions of the Amended 2008 Plan remain the same as under our 2008 Plan. As of August 31, 2017, a total of 3,780,000 shares of our common stock remained available for future grants under the Amended 2008 Plan.

 

Income Taxes

 

Income taxes are computed using the asset and liability method, in accordance with ASC 740, Income Taxes. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities, and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

 

Basic and Diluted Loss Per Share

 

The Company computes loss per share in accordance with ASC 260, Earnings Per Share, which requires presentation of both basic and diluted earnings per share on the face of the Statements of Operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period, including stock options and warrants using the treasury method. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

 

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management believes that these financial statements include all normal and recurring adjustments necessary for a fair presentation under Generally Accepted Accounting Principles.

 

Fair Value Measurements

 

We account for assets and liabilities measured at fair value in accordance with ASC 820, Fair Value Measurements and Disclosures. ASC 820 emphasizes that fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement should be determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, ASC 820 establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified with Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy).The three levels of inputs used to measure fair value are as follows:

 

  Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets.
  Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
  Level 3: Inputs that are generally unobservable. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.

 

Our financial instruments consist principally of cash, accounts payable and accrued liabilities and note payable. The carrying amounts of such financial instruments in the accompanying financial statements approximate their fair values due to their relatively short-term nature. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments.

 

Recent Accounting Pronouncements

 

Pronouncements between August 31, 2017 and the date of this filing are not expected to have a significant impact on our operations, financial position, or cash flow, nor does the Company expect the adoption of recently issued, but not yet effective, accounting pronouncements to have a significant impact on our results of operations, financial position or cash flows.

 

Joint Venture

 

On July 15, 2015, we entered into an operating agreement (“Operating Agreement”) with K-Tech, to formalize our joint venture company, Reetech, LLC, a Delaware limited liability company (the “Reetech”), for the purposes of developing, refining and marketing K-Tech’s CIX/CIC process pursuant to the February 24, 2015 letter of intent with K-Tech. Pursuant to the Operating Agreement, K-Tech holds an initial interest of 97.21% of Reetech for the contribution of its technology pursuant to a license to Reetech (the “Reetech License) and TMRC holds an initial interest of 2.79% pursuant to its contribution of cash payment of $391,000 to the prior development of the contributed Technology for the purposes of the joint venture. TMRC has the ability to earn a 49.9% interest in Reetech by contributing up to $7.0 million in cash contributions upon the satisfaction of certain development milestones. Reetech is governed by a board of managers comprised of three managers: one manager appointed by the Company and two managers appointed by K-Tech.

 

The Company uses the cost method to account for its investment in the joint venture. Under the cost method, the Company recognizes its share of the earnings and losses of the joint venture as they accrue instead of when they are realized. We have elected to expense the initial investment amount of $391,000 as exploration expenses. Based upon information available we have determined there are no significant potential loss liabilities. The Company’s interest in the joint venture remains $0. 

( us-gaap:SignificantAccountingPoliciesTextBlock )  
The entire disclosure for all significant accounting policies of the reporting entity.  
(End Disclosure - SUMMARY OF ACCOUNTING POLICIES)
 
Disclosure - PROPERTY AND EQUIPMENT, NET
Disclosure - PROPERTY AND EQUIPMENT, NET (USD $) 12 Months Ended
( us-gaap:PropertyPlantAndEquipmentAbstract )  
   
  Aug. 31, 2017
   
   
   
   
   
PROPERTY AND EQUIPMENT, NET

NOTE 3 – PROPERTY AND EQUIPMENT, NET

 

Property and equipment consist of office furniture, equipment and vehicles. The property and equipment are depreciated using the straight-line method over their estimated useful life of 3-20 years. Our property and equipment, net consist of the following:

 

    August 31,
2017
    August 31,
2016
 
Furniture & office equipment   $ 75,606     $ 75,606  
Vehicles     89,185       89,185  
Computers & software     48,711       48,711  
Field equipment     71,396       71,396  
Total cost basis     284,898       284,898  
Less: Accumulated depreciation     (279,477 )     (269,362 )
Property & equipment, net   $ 5,421     $ 15,536  

 

Depreciation expense for the years ending August 31, 2017 and 2016 was $10,115 and $27,737, respectively and is included in general and administrative expenses.

 

( us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock )  
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.  
(End Disclosure - PROPERTY AND EQUIPMENT, NET)
 
Disclosure - MINERAL PROPERTIES
Disclosure - MINERAL PROPERTIES (USD $) 12 Months Ended
( us-gaap:MineralIndustriesDisclosuresAbstract )  
   
  Aug. 31, 2017
   
   
   
   
   
MINERAL PROPERTIES

NOTE 4 – MINERAL PROPERTIES

 

September 2011 Lease

 

On September 2, 2011, we entered into a new mining lease with the Texas General Land Office covering Sections 7 and 18 of Township 7, Block 71 and Section 12 of Block 72, covering approximately 860 acres at Round Top Mountain in Hudspeth County, Texas. The mining lease issued by the Texas General Land Office gives us the right to explore, produce, develop, mine, extract, mill, remove, and market beryllium, uranium, rare earth elements, all other base and precious metals, industrial minerals and construction materials and all other minerals excluding oil, gas, coal, lignite, sulfur, salt, and potash. The term of the lease is nineteen years so long as minerals are produced in paying quantities.

 

Under the lease, we will pay the State of Texas a lease bonus of $142,518; $44,718 of which was paid upon the execution of the lease, and $97,800 which will be due when we submit a supplemental plan of operations to conduct mining. Upon the sale of minerals removed from Round Top, we will pay the State of Texas a $500,000 minimum advance royalty.

 

Thereafter, we will pay the State of Texas a production royalty equal to eight percent (8%) of the market value of uranium and other fissionable materials removed and sold from Round Top and six and one quarter percent (61/4%) of the market value of all other minerals removed and sold from Round Top.

 

Thereafter, assuming production of paying quantities has not been obtained, we may pay additional delay rental fees to extend the term of the lease for successive one (1) year periods pursuant to the following schedule:

 

      Per Acre
Amount
    Total
Amount
 
September 2, 2015 – 2019     $ 75     $ 67,077  
September 2, 2020 – 2024     $ 150     $ 134,155  
September 2, 2025 – 2029     $ 200     $ 178,873  

 

In August 2017, we paid a delay rental to the State of Texas in the amount of $67,077. 

 

November 2011 Lease

 

On November 1, 2011, we entered into a mining lease with the State of Texas covering 90 acres, more or less, of land that is adjacent to the land we purchased in September 2011 near our Round Top site. The deed was recorded with Hudspeth County on September 16, 2011. Under the lease, we paid the State of Texas a lease bonus of $20,700 which was paid upon the execution of the lease. Upon the sale of minerals removed from Round Top, we will pay the State of Texas a $50,000 minimum advance royalty. Thereafter, we will pay the State of Texas a production royalty equal to eight percent (8%) of the market value of uranium and other fissionable materials removed and sold from Round Top and six and one quarter percent (6 1/4%) of the market value of all other minerals sold from Round Top.

 

Thereafter, assuming production of paying quantities has not been obtained, we may pay additional delay rental fees to extend the term of the lease for successive one (1) year periods pursuant to the following schedule:

 

      Per Acre
Amount
    Total
Amount
 
November 1, 2015 – 2019     $ 75     $ 6,750  
November 1, 2020 – 2024     $ 150     $ 13,500  
November 1, 2025 – 2029     $ 200     $ 18,000  

 

In October 2017, we paid a delay rental to the State of Texas of $6,750.

 

March 2013 Lease

 

On March 6, 2013, we purchased lease with Southwest Range & Wildlife Foundation, Inc., a Texas non-profit corporation (the “Foundation”), pursuant to which the Foundation agreed to assign to us a surface lease identified with the State of Texas as Surface Lease SL20040002 (the “West Lease”), which covers 54,990.11 acres in Hudspeth County, Texas. In exchange for the West Lease, we agreed to: (i) pay the Foundation $500,000 in cash; (ii) issue 1,063,830 of our common shares, par value $0.01 (the “Common Shares”); and (iii) make ten (10) payments to the Foundation of $45,000 each. The first payment was made in June 2013, and the nine (9) subsequent payments due on or before June 1 of each of the following years, such payments to be used by the Foundation to support conservation efforts within the Rio Grande Basin. The Lease Assignment Agreement contains standard representations, warranties and covenants.

 

As of August 31, 2017, the Company has not paid the June 2016 or 2017 payments for $45,000, respectively. The Foundation has not given notice of default or made any demand for payment as of the date of this filing. However, based upon the Company being in default on the lease agreement there is no guarantee that the Foundation will allow the Company to begin mining operations or to bring the lease payments current without requiring the Company to provided additional consideration to the Foundation. Consequently, since the Company cannot be guaranteed the ability to utilize the lease due to its current default status, the Company has written off the value of the West lease ($1,394,852) as of August 31, 2017. The Company intends to continue with the evaluation of the mineral potential of the property, to ultimately mine the property, and to bring the lease current when funds are available. Expensing the value of the West Lease does not restrict our access to the mineral leases.

 

October 2014 Surface Option

 

In October 2014, we executed an agreement with the Texas General Land Office securing the option to purchase the surface rights covering the potential Round Top project mine and plant areas, and separately a lease to develop the water necessary for the potential Round Top project mine operations.

 

The option to purchase the surface rights covers approximately 5,670 acres over the mining lease and the additional acreage adequate to site all potential heap leaching and processing operations as currently anticipated by the Company. We may exercise the option for all or part of the option acreage at any time during the sixteen year primary term of the mineral lease. The option can be kept current by an annual payment of $10,000, which has not been paid as of December 11, 2017. The purchase price will be the appraised value of the surface at the time of exercising the option.

 

The ground water lease secures our right to develop the ground water within a 13,120 acre lease area located approximately 4 miles from the Round Top deposit. The lease area contains five existing water wells. It is anticipated that all potential water needs for the Round Top project mine operations would be satisfied by the existing wells covered by this water lease. This lease has an annual minimum production payment of $5,000 prior to production of water for the operation, which has not been paid as of December 11, 2017. After initiation of production we will pay $0.95 per thousand gallons or $20,000 annually, whichever is greater. This lease remains effective as long as the mineral lease is in effect. 

 

The Pagnotti Enterprises Inc. Memorandum of Understanding

 

On June 28, 2016 TMRC executed a Memorandum of understanding with Pagnotti Enterprises Inc. (“PEI”) of Wilkes Barre, Pennsylvania, owners of the Jeddo Coal Co., whereby under specified terms TMRC could lease one or more of Jeddo’s deposits located in the anthracite region of northeast Pennsylvania. Research by the Department of Energy (DOE) has shown that these coal deposits and the sandstones and siltstones immediately associated with them contain anomalously high values of rare earth and on particular interest, Scandium. The DOE research to date has indicated that the rare earth can be efficiently extracted from pulverized rock using ammonium sulfate as the lixiviant. TMRC is in the process of preparing an application for a federal grant to design and construct a continuous ion exchange/continuous ion chromatography (CIX/CIC) pilot plant to be delivered to a designated project area in the Appalachian coal province. TMRC and its co-applicants, K-Tech, Inventure Renewables, of Tuscaloosa, Alabama and Penn State University are proposing to plan, develop, design and install the CIX/CIC pilot plant at one of the Jeddo Coal properties. The grant was awarded in March 2017 to the consortium consisting of Inventure Renewables, Penn State, K-Tech and TMRC with Inventure being the principal investigator in the consortium. Funding began in September 2017.

 

Under the terms of the Memorandum of Understanding (MOU) signed 28 June 2016, TMRC had a six month term to perform the necessary due diligence and to technically and economically evaluate the properties. Upon execution of the MOU TMRC and PEI had six months to draft and execute a formal lease agreement containing all the standard terms of mining lease agreements. Upon execution of a lease, TMRC will be obligated to pay a $5,000 per month rental or a 12% royalty whichever is greater. As of the date of this filing, no lease has been executed.

( us-gaap:MineralIndustriesDisclosuresTextBlock )  
The entire disclosure for mineral industries.  
(End Disclosure - MINERAL PROPERTIES)
 
Disclosure - NOTES PAYABLE
Disclosure - NOTES PAYABLE (USD $) 12 Months Ended
( us-gaap:DebtDisclosureAbstract )  
   
  Aug. 31, 2017
   
   
   
   
   
NOTES PAYABLE

NOTE 5 – NOTES PAYABLE

 

In relation to the Foundation lease discussed in Note 2 the Company recorded a note payable for an amount for the initial $45,000 due upon signing of lease and the nine (9) future payments due of $45,000 which has been recorded at its present value discounted with an imputed interest rate of 5% for a total note payable of $364,852. As of the date of this filing, we have not paid the June 2016 or 2017 installment of our surface lease, in the amount of $45,000 each, to the Southwest Wildlife Foundation. As a result the full amount of the note payable has been classified as currently due. The note payable balance as of August 31, 2017 and 2016 was approximately $260,000. The Company has also accrued interest expense as of August 31, 2017 and 2016 of $33,750 and $18,750, respectively. This unpaid interest is included in accrued liabilities.

 

The Foundation has not given notice of default or made any demand for payment as of the date of this filing. However, based upon the Company being in default on the Note Payable there is no guarantee that the Foundation will allow the Company to begin mining operations or to bring the lease payments current without requiring the Company to provided additional consideration to the Foundation. Consequently, since the Company cannot be guaranteed the ability to utilize the lease due to its current default status, the Company has written off the value of this lease ($1,394,852) as of August 31, 2017. The Company intends to continue with the evaluation of the mineral potential of the property, to ultimately mine the property, and to bring this note payable and its accrued interest current when the funds are available.

 

Related Party Notes Payable and Advances

 

On July 1, 2016 the Company received two loans for $2,500 each from two directors of the Company. The loans are non-interest accruing, unsecured and due upon demand. As additional consideration for the loans, we issued 5,000 common stock purchase warrants to each individual. The warrants have an exercise price of $0.10 and term of five years. The warrants had a fair value of $1,185 at the date of issuance determined using the Black-Scholes option-pricing model. The assumptions used to calculate the fair market value are as follows: (i) risk-free interest rate of 1.00% (ii) estimated volatility of 185% (iii) dividend yield of 0.00% and (iv) expected life of the warrants of five years. The notes payable balance as of August 31, 2017 and August 31, 2016 was a total of $5,000. The value of the warrants was expensed as interest expense at the time of issuance due to no stated term on the advances.

 

On September 1, 2016, the Company entered into five loans totaling $71,500 from five directors of the Company. The loans were due March 1, 2017, are non-interest bearing, and unsecured. As of this filing the loans are in default and due upon demand. As additional consideration for the loans, we issued in total 147,000 common stock purchase warrants. The warrants have an exercise price of $0.10 and term of five years. The loans have a relative fair value of $57,414 and the warrants have a relative fair value of $14,086 at the date of issuance determined using the Black-Scholes option-pricing model. The assumptions used to calculate the fair market value are as follows: (i) risk-free interest rate of 1.180% (ii) estimated volatility of 245% (iii) dividend yield of 0.00% and (iv) expected life of the warrants of five years. The notes payable balance as of August 31, 2017 and August 31, 2016 was $71,500. The value of the warrant was amortized to interest expense over the term of the note payable.

 

On November 1, 2016 the Company entered into two loans for $4,000 and $1,000 from two directors of the Company. The loans are non-interest bearing, unsecured and due upon demand. As additional consideration for the loans, we issued 8,000 and 2,000 common stock purchase warrants to each individual. The warrants have an exercise price of $0.10 and term of five years. The warrants had a fair value of $1,057 at the date of issuance determined using the Black-Scholes option-pricing model. The assumptions used to calculate the fair market value are as follows: (i) risk-free interest rate of 1.30% (ii) estimated volatility of 181% (iii) dividend yield of 0.00% and (iv) expected life of the warrants of five years. The notes payable balance as of August 31, 2017 was $5,000. The value of the warrants was expensed as interest expense at the time of issuance due to no stated term on the advance.

    

On December 12, 2016, the Company entered into a loan for $15,000 a director of the Company. The loan is due June 12, 2017, is non-interest accruing, and unsecured. As of this filing the loan is in default and due upon demand. As additional consideration for the loan, we issued 60,000 common stock purchase warrants to the individual. The warrants have an exercise price of $0.10 and term of five years. The loan has a relative fair value of $10,437 and the warrants have a relative fair value of $4,563 at the date of issuance determined using the Black-Scholes option-pricing model. The assumptions used to calculate the fair market value are as follows: (i) risk-free interest rate of 1.90% (ii) estimated volatility of 241% (iii) dividend yield of 0.00% and (iv) expected life of the warrants of five years. The notes payable balance as of August 31, 2017 was $15,000. The value of the warrant was amortized to interest expense over the term of the note payable.

 

On January 12, 2017 the Company entered into two loans totaling $20,000 from a director and an officer of the Company. The loans are due July 12, 2017, are non-interest accruing, and unsecured. As of this filing the loans are in default and due upon demand. As additional consideration for the loans, we issued 40,000 common stock purchase warrants to each individual. The warrants have an exercise price of $0.10 and term of five years. The loans have a relative fair value of $13,542 and the warrants have a relative fair value of $6,458 at the date of issuance determined using the Black-Scholes option-pricing model. The assumptions used to calculate the fair market value are as follows: (i) risk-free interest rate of 1.87% (ii) estimated volatility of 240% (iii) dividend yield of 0.00% and (iv) expected life of the warrants of five years. The notes payable balance as of August 31, 2017 was $20,000. The value of the warrant was amortized to interest expense over the term of the note payable.

 

During the three months ended May 31, 2017 the Company entered into eight loans totaling $47,500 from two directors of the Company. The loans are non-interest accruing, unsecured and due upon demand. As additional consideration for the loans, we issued in total 190,000 common stock purchase warrants. The warrants have an exercise price of $0.17 - $0.21 and a term of five years. The warrants had a fair value of $39,557 at the date of issuance determined using the Black-Scholes option-pricing model. The assumptions used to calculate the fair market value are as follows: (i) risk-free interest rate of 1.75% (ii) estimated volatility of 234% (iii) dividend yield of 0.00% and (iv) expected life of the warrants of five years. The notes payable balance as of August 31, 2017 was $47,500. The value of the warrants was expensed as interest expense at the time of issuance due to no stated term on the advance.

 

During the three months ended August 31, 2017 the Company entered into seven loans totaling $82,165 from two directors of the Company. The loans are non-interest accruing, unsecured and due upon demand. As additional consideration for the loans, we issued in total 328,660 common stock purchase warrants. The warrants have an exercise price of $0.20 - $0.23 and a term of five years. The warrants have a fair value of $65,137 at the date of issuance determined using the Black-Scholes option-pricing model. The assumptions used to calculate the fair market value are as follows: (i) risk-free interest rate of 1.75% (ii) estimated volatility of 169% (iii) dividend yield of 0.00% and (iv) expected life of the warrants of five years. The notes payable balance as of August 31, 2017 was $82,165. The value of the warrants was expensed as interest expense at the time of issuance due to no stated term on the advance.

 

The Company has recorded total discounts on the notes payable in the amount of $25,107 which has been expensed during the year ended August 31, 2017, as amortization of discounts on the notes payable.

( us-gaap:DebtDisclosureTextBlock )  
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.  
(End Disclosure - NOTES PAYABLE)
 
Disclosure - INCOME TAXES
Disclosure - INCOME TAXES (USD $) 12 Months Ended
( us-gaap:IncomeTaxDisclosureAbstract )  
   
  Aug. 31, 2017
   
   
   
   
   
INCOME TAXES

NOTE 6 – INCOME TAXES

 

The following table sets forth a reconciliation of the federal income tax benefit to the United States federal statutory rate for the years ended August 31, 2017 and 2016:

 

    2017     2016  
Loss before provision for income taxes   $ (2,135,126 )   $ (1,213,939 )
                 
Income tax benefit at 34% statutory rate     725,943       412,739  
                 
Non-deductible business meals and entertainment     (193 )     (206 )
                 
Increase in valuation allowance     (725,750 )     (412,533 )
                 
    $     $  

 

The tax effects of the temporary differences between reportable financial statement income and taxable income are recognized as a deferred tax asset and liability.  Significant components of the deferred tax assets are set out below along with a valuation allowance to reduce the net deferred tax asset to zero.

 

Management has established a valuation allowance because of the potential that the tax benefits underlying deferred tax asset may not be realized.  Significant components of our deferred tax asset at August 31, 2017 and 2016 are as follows:

 

    2017     2016  
Net operating loss carryforward   $ 4,364,324     $ 4,189,910  
                 
Stock-based compensation     1,694,459       1,649,967  
                 
Assets, exploration cost, depreciation and amortization     3,734,534       3,703,770  
                 
Impairment of surface lease     474,070       —   
                 
Less valuation allowance     (10,267,388 )     (9,543,646 )
                 
Net deferred tax asset   $     $  

 

As a result of a change in control effective in April 2007, our net operating losses prior to that date may be partially or entirely unavailable, by law, to offset future income and, accordingly, are excluded from the associated deferred tax asset.

 

The gross net operating loss carryforward in the approximate amount of $12,691,000 will begin to expire in 2022.  We file income tax returns in the United States and in one state jurisdiction.  With few exceptions, we are no longer subject to United States federal income tax examinations for fiscal years ending before 2011, and is no longer subject to state tax examinations for years before 2010. 

 

We also record any financial statement recognition and disclosure requirements for uncertain tax positions taken or expected to be taken in a tax return.  Financial statement recognition of the tax position is dependent on an assessment of a 50% or greater likelihood that the tax position will be sustained upon examination, based on the technical merits of the position.  Any interest and penalties related to uncertain tax positions are recorded as interest expense. We believe we have no uncertain tax positions at August 31, 2017 and 2016.

 

( us-gaap:IncomeTaxDisclosureTextBlock )  
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.  
(End Disclosure - INCOME TAXES)
 
Disclosure - SHAREHOLDERS' EQUITY
Disclosure - SHAREHOLDERS' EQUITY (USD $) 12 Months Ended
( us-gaap:EquityAbstract )  
   
  Aug. 31, 2017
   
   
   
   
   
SHAREHOLDERS' EQUITY

NOTE 7 – SHAREHOLDERS’ EQUITY

 

Our authorized capital stock consists of 100,000,000 shares of common stock, with a par value of $0.01 per share, and 10,000,000 preferred shares with a par value of $0.001 per share.

 

All shares of common stock have equal voting rights and, when validly issued and outstanding, are entitled to one non-cumulative vote per share in all matters to be voted upon by shareholders. The shares of common stock have no pre-emptive, subscription, conversion or redemption rights and may be issued only as fully paid and non-assessable shares. Holders of the common stock are entitled to equal ratable rights to dividends and distributions with respect to the common stock, as may be declared by our Board of Directors (our “Board”) out of funds legally available. In the event of a liquidation, dissolution or winding up of the affairs of the Corporation, the holders of common stock are entitled to share ratably in all assets remaining available for distribution to them after payment or provision for all liabilities and any preferential liquidation rights of any preferred stock then outstanding.

 

We have 44,941,532 shares of our common stock outstanding as of August 31, 2017.

 

The following table sets forth certain information as of August 31, 2017 and 2016 concerning our common stock that may be issued upon the exercise of options not under the Amended 2008 plan and pursuant to purchases of stock under the Amended 2008 Plan:

 

    Shares    

Weighted

Average

Exercise Price

   

Weighted

Average

Remaining

Contractual Life (In Years)

   

Grant

Date

Fair

Value

 
Outstanding at August 31, 2015     6,290,000     $ 0.94       4.67     $ 11,764,532  
                                 
Options granted     120,000       0.30       4.53       19,471  
                                 
Options exercised                        
                                 
Options cancelled/forfeited/expired     (775,000 )                  
                                 
Outstanding at August 31, 2016     5,635,000       0.61       3.43       11,784,003  
                                 
Vested and exercisable at August 31, 2016     5,635,000       0.61       3.43       11,784,003  
                                 
Options granted     120,000       0.30       4.53       18,907  
                                 
Options exercised                        
                                 
Options cancelled/forfeited/expired                        
                                 
Outstanding at August 31, 2017     5,755,000     $ 0.60       2.59     $ 11,802,910  
                                 
Vested and exercisable at August 31, 2017     5,755,000     $ 0.60       2.59     $ 11,802,910  

 

Warrants

 

Warrant activity for the years ended August 31, 2017 and 2016 are as follows: 

 

    Shares    

Weighted

Average

Exercise Price

   

Weighted

Average

Remaining

Contractual Life (In Years)

   

Grant

Date

Fair

Value

 
Outstanding at August 31, 2015     18,291,550     $ 1.54       2.37     $ 4,291,419  
                                 
Warrants granted     6,605,000       0.35       4.24       434,905  
                                 
Warrants exercised                        
                                 
Warrants cancelled/forfeited/expired     (9,587,000 )                  
                                 
Outstanding at August 31, 2016     15,309,550       0.39       3.75       4,726,324  
                                 
Vested and exercisable at August 31, 2016     15,309,550       0.39       3.75       4,726,324  
                                 
Warrants granted     815,660       0.17       4.63       130,858  
                                 
Warrants exercised                        
                                 
Warrants cancelled/forfeited/expired                        
                                 
Outstanding at August 31, 2017     16,125,210     $ 0.38       2.83     $ 4,857,182  
                                 
Vested and exercisable at August 31, 2017     16,125,210     $ 0.38       2.83     $ 4,857,182  

 

( us-gaap:StockholdersEquityNoteDisclosureTextBlock )  
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.  
(End Disclosure - SHAREHOLDERS' EQUITY)
 
Disclosure - RELATED PARTY TRANSACTIONS
Disclosure - RELATED PARTY TRANSACTIONS (USD $) 12 Months Ended
( us-gaap:RelatedPartyTransactionsAbstract )  
   
  Aug. 31, 2017
   
   
   
   
   
RELATED PARTY TRANSACTIONS

NOTE 8 – RELATED PARTY TRANSACTIONS

 

The Company has received advances from certain Directors and Officers. The advances totaled approximately $169,665 and $76,500 as of August 31, 2017 and 2016, respectively.

 

The Company rents office space on a month to month basis of $1,600 from a director.

 

( us-gaap:RelatedPartyTransactionsDisclosureTextBlock )  
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.  
(End Disclosure - RELATED PARTY TRANSACTIONS)
 
Disclosure - SUMMARY OF ACCOUNTING POLICIES (Policies)
Disclosure - SUMMARY OF ACCOUNTING POLICIES (Policies) (USD $) 12 Months Ended
( us-gaap:AccountingPoliciesAbstract )  
   
  Aug. 31, 2017
   
   
   
   
   
Basis of Presentation

Basis of Presentation

 

Our financial records are maintained on the accrual basis of accounting whereby revenues are recognized when earned and expenses are recorded when incurred, in accordance with generally accepted accounting principles (“GAAP”) – United States.

 

Reclassification of prior year balances 

 

Our financial statements during the year ended August 31, 2016 contain amounts that have been reclassified for presentation purposes. The amounts and content of account balances were not altered during the reclassification.

 

( us-gaap:BasisOfAccountingPolicyPolicyTextBlock )  
Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).  
Cash and Cash Equivalents

Cash and Cash Equivalents

 

We consider all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents consist of demand deposits at commercial banks. We currently do not have cash deposits at financial institutions in excess of federally insured limits.

 

( us-gaap:CashAndCashEquivalentsPolicyTextBlock )  
Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.  
Property and Equipment

Property and Equipment

 

Our property and equipment consists primarily of vehicles, furniture and equipment, and are recorded at cost. Expenditures related to acquiring or extending the useful life of our property and equipment are capitalized. Expenditures for repair and maintenance are charged to operations as incurred. Depreciation is computed using the straight-line method over an estimated useful life of 3-20 years.

 

( us-gaap:PropertyPlantAndEquipmentPolicyTextBlock )  
Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments.  
Lease Deposits

Lease Deposits

 

From time to time, the Company makes deposits in anticipation of executing leases. The deposits are capitalized upon execution of the applicable agreements. 

 

( custom:LeaseDepositsPolicyTextBlock [Extension] )  
The accounting policy for lease deposits.  
Long-lived Assets

Long-lived Assets

 

The Company reviews the recoverability of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through operations. To determine if these costs are in excess of their recoverable amount, periodic evaluation of carrying value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated salvage value in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC 360”), Property, Plant and Equipment. The Company’s assets susceptible to impairment analysis are the mineral properties described in footnote 4.

 

( us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock )  
Disclosure of accounting policy for recognizing and measuring the impairment of long-lived assets. An entity also may disclose its accounting policy for long-lived assets to be sold. This policy excludes goodwill and intangible assets.  
Revenue Recognition

Revenue Recognition

 

We recognize revenue when persuasive evidence of an arrangement exists, services have been performed, the sales price is fixed or determinable, and collectability is probable. We have yet to generate any revenue.

 

( us-gaap:RevenueRecognitionPolicyTextBlock )  
Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.  
Mineral Exploration and Development Costs

Mineral Exploration and Development Costs

 

All exploration expenditures are expensed as incurred. Costs of acquisition and option costs of mineral rights are capitalized upon acquisition. Costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. If the Company does not continue with exploration after the completion of the feasibility study, the mineral rights will be expensed at that time. Costs of abandoned projects are charged to mining costs including related property and equipment costs. To determine if these costs are in excess of their recoverable amount, periodic evaluation of carrying value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated salvage value in accordance with ASC 360-10-35-15, Impairment or Disposal of Long-Lived Assets. Exploration costs were approximately $90,000 and $216,000 for the years ended August 31, 2017 and 2016, respectively.

 

( us-gaap:ExploratoryDrillingCostsCapitalizationAndImpairmentPolicy )  
Disclosure of accounting policy for capitalization of exploratory drilling costs, including the criteria management applies in evaluating whether costs incurred meet the criteria for initial capitalization, continued capitalization, impairment, and how often such evaluations are made.  
Share-based Payments

Share-based Payments

 

The Company estimates the fair value of share-based compensation using the Black-Scholes valuation model, in accordance with the provisions of ASC 718, Stock Compensation and ASC 505, Share-Based Payments. Key inputs and assumptions used to estimate the fair value of stock options include the grant price of the award, the expected option term, volatility of our stock, the risk-free rate, and dividend yield. Estimates of fair value are not intended to predict actual future events or the value ultimately realized by the option holders, and subsequent events are not indicative of the reasonableness of the original estimates of fair value made by the Company.

 

Amended 2008 Stock Option Plan

 

In September 2008, the Board adopted our 2008 Stock Option Plan (the “2008 Plan”), which was also approved by our shareholders in September 2008. In May 2011, the board of directors adopted an amendment to our 2008 Plan (the “Amended 2008 Plan”), which was also approved by our shareholders in August 2011. The Amended 2008 Plan increased the number of shares available for grant from 2,000,000 to up to 5,000,000 shares of our common stock for awards to our officers, directors, employees and consultants. On February 15, 2012, our stockholders approved an increase of 2,000,000 of shares of common stock available for issuance under the amended 2008 Stock Option Plan (the “Plan”). As amended, the Plan provides for 7,000,000 shares of common stock for all awards. On February 24, 2016, the stockholders of the Company approved an amendment to the Company’s 2008 Stock Option Plan, pursuant to which the number of shares available under the plan was increase from 7,000,000 to 9,000,000 shares of common stock. Other provisions of the Amended 2008 Plan remain the same as under our 2008 Plan. As of August 31, 2017, a total of 3,780,000 shares of our common stock remained available for future grants under the Amended 2008 Plan.

 

( us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy )  
Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement.  
Income Taxes

Income Taxes

 

Income taxes are computed using the asset and liability method, in accordance with ASC 740, Income Taxes. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities, and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

 

( us-gaap:IncomeTaxPolicyTextBlock )  
Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.  
Basic and Diluted Loss Per Share

Basic and Diluted Loss Per Share

 

The Company computes loss per share in accordance with ASC 260, Earnings Per Share, which requires presentation of both basic and diluted earnings per share on the face of the Statements of Operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period, including stock options and warrants using the treasury method. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

( us-gaap:EarningsPerSharePolicyTextBlock )  
Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.  
Use of Estimates

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management believes that these financial statements include all normal and recurring adjustments necessary for a fair presentation under Generally Accepted Accounting Principles.

 

( us-gaap:UseOfEstimates )  
Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.  
Fair Value Measurements

Fair Value Measurements

 

We account for assets and liabilities measured at fair value in accordance with ASC 820, Fair Value Measurements and Disclosures. ASC 820 emphasizes that fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement should be determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, ASC 820 establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified with Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy).The three levels of inputs used to measure fair value are as follows:

 

  Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets.
  Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
  Level 3: Inputs that are generally unobservable. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.

 

Our financial instruments consist principally of cash, accounts payable and accrued liabilities and note payable. The carrying amounts of such financial instruments in the accompanying financial statements approximate their fair values due to their relatively short-term nature. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments.

 

( us-gaap:FairValueMeasurementPolicyPolicyTextBlock )  
Disclosure of accounting policy for fair value measurements of financial and non-financial assets, liabilities and instruments classified in shareholders' equity. Disclosures include, but are not limited to, how an entity that manages a group of financial assets and liabilities on the basis of its net exposure measures the fair value of those assets and liabilities.  
Recent Accounting Pronouncements

Recent Accounting Pronouncements

 

Pronouncements between August 31, 2017 and the date of this filing are not expected to have a significant impact on our operations, financial position, or cash flow, nor does the Company expect the adoption of recently issued, but not yet effective, accounting pronouncements to have a significant impact on our results of operations, financial position or cash flows.

( us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock )  
Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.  
Joint Venture

Joint Venture

 

On July 15, 2015, we entered into an operating agreement (“Operating Agreement”) with K-Tech, to formalize our joint venture company, Reetech, LLC, a Delaware limited liability company (the “Reetech”), for the purposes of developing, refining and marketing K-Tech’s CIX/CIC process pursuant to the February 24, 2015 letter of intent with K-Tech. Pursuant to the Operating Agreement, K-Tech holds an initial interest of 97.21% of Reetech for the contribution of its technology pursuant to a license to Reetech (the “Reetech License) and TMRC holds an initial interest of 2.79% pursuant to its contribution of cash payment of $391,000 to the prior development of the contributed Technology for the purposes of the joint venture. TMRC has the ability to earn a 49.9% interest in Reetech by contributing up to $7.0 million in cash contributions upon the satisfaction of certain development milestones. Reetech is governed by a board of managers comprised of three managers: one manager appointed by the Company and two managers appointed by K-Tech.

 

The Company uses the cost method to account for its investment in the joint venture. Under the cost method, the Company recognizes its share of the earnings and losses of the joint venture as they accrue instead of when they are realized. We have elected to expense the initial investment amount of $391,000 as exploration expenses. Based upon information available we have determined there are no significant potential loss liabilities. The Company’s interest in the joint venture remains $0. 

( us-gaap:InterestInUnincorporatedJointVenturesOrPartnershipsPolicy )  
Disclosure of accounting policy for interest in an unincorporated joint venture or partnership that is included in the enterprise's financial statements using the proportionate consolidation method of accounting.  
(End Disclosure - SUMMARY OF ACCOUNTING POLICIES (Policies))
 
Disclosure - PROPERTY AND EQUIPMENT, NET (Tables)
Disclosure - PROPERTY AND EQUIPMENT, NET (Tables) (USD $) 12 Months Ended
( us-gaap:PropertyPlantAndEquipmentAbstract )  
   
  Aug. 31, 2017
   
   
   
   
   
Schedule of property and equipment, net

Property and equipment consist of office furniture, equipment and vehicles. The property and equipment are depreciated using the straight-line method over their estimated useful life of 3-20 years. Our property and equipment, net consist of the following:

 

    August 31,
2017
    August 31,
2016
 
Furniture & office equipment   $ 75,606     $ 75,606  
Vehicles     89,185       89,185  
Computers & software     48,711       48,711  
Field equipment     71,396       71,396  
Total cost basis     284,898       284,898  
Less: Accumulated depreciation     (279,477 )     (269,362 )
Property & equipment, net   $ 5,421     $ 15,536  

 

( us-gaap:PropertyPlantAndEquipmentTextBlock )  
Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.  
(End Disclosure - PROPERTY AND EQUIPMENT, NET (Tables))
 
Disclosure - MINERAL PROPERTIES (Tables)
Disclosure - MINERAL PROPERTIES (Tables) (USD $) 12 Months Ended
( us-gaap:MineralIndustriesDisclosuresAbstract )  
   
  Aug. 31, 2017
   
   
   
   
   
Schedule of future minimum lease payments

September 2011 Lease

 

Thereafter, assuming production of paying quantities has not been obtained, we may pay additional delay rental fees to extend the term of the lease for successive one (1) year periods pursuant to the following schedule:

 

      Per Acre
Amount
    Total
Amount
 
September 2, 2015 – 2019     $ 75     $ 67,077  
September 2, 2020 – 2024     $ 150     $ 134,155  
September 2, 2025 – 2029     $ 200     $ 178,873  

 

November 2011 Lease

 

Thereafter, assuming production of paying quantities has not been obtained, we may pay additional delay rental fees to extend the term of the lease for successive one (1) year periods pursuant to the following schedule:

 

      Per Acre
Amount
    Total
Amount
 
November 1, 2015 – 2019     $ 75     $ 6,750  
November 1, 2020 – 2024     $ 150     $ 13,500  
November 1, 2025 – 2029     $ 200     $ 18,000  

 

( custom:ScheduleOfFutureMinimumLeasePaymentsForMineralPropertiesLeasedTabletextBlock [Extension] )  
Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented.  
(End Disclosure - MINERAL PROPERTIES (Tables))
 
Disclosure - INCOME TAXES (Tables)
Disclosure - INCOME TAXES (Tables) (USD $) 12 Months Ended
( us-gaap:IncomeTaxDisclosureAbstract )  
   
  Aug. 31, 2017
   
   
   
   
   
Schedule of reconciliation of federal income tax benefit to fedeal statutory rates

The following table sets forth a reconciliation of the federal income tax benefit to the United States federal statutory rate for the years ended August 31, 2017 and 2016:

 

    2017     2016  
Loss before provision for income taxes   $ (2,135,126 )   $ (1,213,939 )
                 
Income tax benefit at 34% statutory rate     725,943       412,739  
                 
Non-deductible business meals and entertainment     (193 )     (206 )
                 
Increase in valuation allowance     (725,750 )     (412,533 )
                 
    $     $  

 

( us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock )  
Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.  
Schedule of deferred tax assets

Significant components of our deferred tax asset at August 31, 2017 and 2016 are as follows:

 

    2017     2016  
Net operating loss carryforward   $ 4,364,324     $ 4,189,910  
                 
Stock-based compensation     1,694,459       1,649,967  
                 
Assets, exploration cost, depreciation and amortization     3,734,534       3,703,770  
                 
Impairment of surface lease     474,070       —   
                 
Less valuation allowance     (10,267,388 )     (9,543,646 )
                 
Net deferred tax asset   $     $  

 

( us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock )  
Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.  
(End Disclosure - INCOME TAXES (Tables))
 
Disclosure - SHAREHOLDERS' EQUITY (Tables)
Disclosure - SHAREHOLDERS' EQUITY (Tables) (USD $) 12 Months Ended
( us-gaap:EquityAbstract )  
   
  Aug. 31, 2017
   
   
   
   
   
Schedule of stock option activity

The following table sets forth certain information as of August 31, 2017 and 2016 concerning our common stock that may be issued upon the exercise of options not under the Amended 2008 plan and pursuant to purchases of stock under the Amended 2008 Plan:

 

    Shares    

Weighted

Average

Exercise Price

   

Weighted

Average

Remaining

Contractual Life (In Years)

   

Grant

Date

Fair

Value

 
Outstanding at August 31, 2015     6,290,000     $ 0.94       4.67     $ 11,764,532  
                                 
Options granted     120,000       0.30       4.53       19,471  
                                 
Options exercised                        
                                 
Options cancelled/forfeited/expired     (775,000 )                  
                                 
Outstanding at August 31, 2016     5,635,000       0.61       3.43       11,784,003  
                                 
Vested and exercisable at August 31, 2016     5,635,000       0.61       3.43       11,784,003  
                                 
Options granted     120,000       0.30       4.53       18,907  
                                 
Options exercised                        
                                 
Options cancelled/forfeited/expired                        
                                 
Outstanding at August 31, 2017     5,755,000     $ 0.60       2.59     $ 11,802,910  
                                 
Vested and exercisable at August 31, 2017     5,755,000     $ 0.60       2.59     $ 11,802,910  

 

( us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock )  
Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.  
Schedule of warrant activity

Warrant activity for the years ended August 31, 2017 and 2016 are as follows: 

 

    Shares    

Weighted

Average

Exercise Price

   

Weighted

Average

Remaining

Contractual Life (In Years)

   

Grant

Date

Fair

Value

 
Outstanding at August 31, 2015     18,291,550     $ 1.54       2.37     $ 4,291,419  
                                 
Warrants granted     6,605,000       0.35       4.24       434,905  
                                 
Warrants exercised                        
                                 
Warrants cancelled/forfeited/expired     (9,587,000 )                  
                                 
Outstanding at August 31, 2016     15,309,550       0.39       3.75       4,726,324  
                                 
Vested and exercisable at August 31, 2016     15,309,550       0.39       3.75       4,726,324  
                                 
Warrants granted     815,660       0.17       4.63       130,858  
                                 
Warrants exercised                        
                                 
Warrants cancelled/forfeited/expired                        
                                 
Outstanding at August 31, 2017     16,125,210     $ 0.38       2.83     $ 4,857,182  
                                 
Vested and exercisable at August 31, 2017     16,125,210     $ 0.38       2.83     $ 4,857,182  

 

( us-gaap:ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock )  
Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.  
(End Disclosure - SHAREHOLDERS' EQUITY (Tables))
 
Disclosure - ORGANIZATION AND NATURE OF BUSINESS (Details Narrative)
Disclosure - ORGANIZATION AND NATURE OF BUSINESS (Details Narrative) (USD $)   1 Month Ended     12 Months Ended
( us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract )          
   
  Jul. 31, 2004 Apr. 30, 2007 Sep. 30, 2008 Aug. 31, 2017 Aug. 31, 2017 Aug. 31, 2016
             
   
             
             
   
Common stock, shares authorized 25,000,000   100,000,000 100,000,000    
( us-gaap:CommonStockSharesAuthorized )            
The maximum number of common shares permitted to be issued by an entity's charter and bylaws.  
Reverse Stock Split, conversion ratio   0.50        
( us-gaap:StockholdersEquityNoteStockSplitConversionRatio1 )            
Ratio applied to the conversion of stock split, for example but not limited to, one share converted to two or two shares converted to one.  
Common stock, par value     0.01 0.01    
( us-gaap:CommonStockParOrStatedValuePerShare )            
Face amount or stated value per share of common stock.  
Preferred stock, shares authorized     10,000,000 10,000,000    
( us-gaap:PreferredStockSharesAuthorized )            
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.  
Preferred stock, par value       0.001    
( us-gaap:PreferredStockParOrStatedValuePerShare )            
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.  
Accumulated deficit       (34,631,983 )    
( us-gaap:RetainedEarningsAccumulatedDeficit )            
The cumulative amount of the reporting entity's undistributed earnings or deficit.  
Number of leases held       2    
( custom:NumberOfLeasesHeld [Extension] )            
The number of leases held related to minerals properties.  
Period of leases         P19Y  
( us-gaap:LesseeLeasingArrangementsOperatingLeasesTermOfContract )            
Term of the lessee's leasing arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.  
Mining lease - acres       950    
( custom:MiningLeaseAcres [Extension] )            
Number of acres of mining lease.  
Surface rights - acres       9,345    
( custom:SurfaceRightsAcres [Extension] )            
Number of acres of surface rights agreement.  
(End Disclosure - ORGANIZATION AND NATURE OF BUSINESS (Details Narrative))
 
Disclosure - SUMMARY OF ACCOUNTING POLICIES (Details Narrative)
Disclosure - SUMMARY OF ACCOUNTING POLICIES (Details Narrative) (USD $)     0 Months Ended       1 Month Ended     12 Months Ended
( us-gaap:AccountingPoliciesAbstract )                    
   
  Jul. 15, 2015 Jul. 15, 2015 Jul. 15, 2015 Aug. 31, 2017 May. 31, 2011 Aug. 31, 2008 Feb. 15, 2012 Feb. 15, 2015 Feb. 24, 2016 Aug. 31, 2017
( us-gaap:ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis )                    
Information by name of investment.  
  Joint Venture Reetech, LLC [Member]
K-Tech [Member]
Joint Venture Reetech, LLC [Member] Joint Venture Reetech, LLC [Member]   Amended 2008 Plan [Member] Amended 2008 Plan [Member] Amended 2008 Plan [Member] Amended 2008 Plan [Member] Amended 2008 Plan [Member] Lower Range [Member]
( us-gaap:EquityMethodInvesteeNameDomain )                    
Name of investment.  
Estimated useful life of property and equipment                   P3Y
( us-gaap:PropertyPlantAndEquipmentUsefulLife )                    
Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.  
Exploration costs     391,000              
( us-gaap:ExplorationExpenseMining )                    
Exploration expenses (including prospecting) related to the mining industry would be included in operating expenses. Exploration costs include costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of mineral reserves.  
Number of shares authorized under plan         2,000,000 5,000,000   7,000,000 9,000,000  
( us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized )                    
The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested).  
Shares available for issuance       3,780,000            
( us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant )                    
The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable.  
Number of additional shares authorized             2,000,000      
( us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized )                    
Number of additional shares authorized for issuance under an established share-based compensation plan.  
Initial interest amount 391,000                  
( us-gaap:CostMethodInvestmentsOriginalCost )                    
Original amount of cost-method investments at the acquisition date.  
Cash contribution required after develpment milestones for additional interest     7,000,000              
( custom:CashContributionRequiredAfterMilestonesForInterest [Extension] )                    
Amount of cash contribution to purchase additional ownership interest in joint venture based upon milestones achieved.  
Cost method ownership interest to be acquired after cash contribution     0.499              
( custom:CostMethodOwnershipInterestToBeAcquiredAfterCashContribution [Extension] )                    
Additional ownership interest in joint venture available based upon milestones achieved.  
Cost method ownership interest   0.0279                
( custom:InvestmentOwnershipPercentage [Extension] )                    
The percentage of ownership of common stock or equity participation in the investee accounted for under the cost method of accounting.  
Ownership interest by party in joint venture 0.9721                  
( us-gaap:EquityMethodInvestmentOwnershipPercentage )                    
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.  
Interest in joint venture       0