|
Document - Document and Entity
Information |
Document - Document and Entity
Information (USD $) |
6 Months Ended |
|
(
custom:DocumentAndEntityInformationAbstract [Extension] ) |
|
|
|
|
|
Feb. 28, 2017 |
Apr. 11, 2017 |
|
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|
|
Entity Registrant Name |
Texas Mineral
Resources Corp. |
|
|
|
( dei:EntityRegistrantName
) |
|
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|
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-Q |
|
|
|
( 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 |
2017-02-28 |
|
|
|
( dei:DocumentPeriodEndDate
) |
|
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|
|
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 |
Q2 |
|
|
|
(
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
) |
|
|
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|
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. |
| |
(End Document - Document and Entity
Information) |
|
Statement - BALANCE SHEETS
(Unaudited) |
Statement - BALANCE SHEETS (Unaudited)
(USD $) |
|
|
(
us-gaap:StatementOfFinancialPositionAbstract ) |
|
|
|
|
|
Feb. 28, 2017 |
Aug. 31, 2016 |
|
|
|
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|
ASSETS |
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|
( us-gaap:AssetsAbstract
) |
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|
|
|
CURRENT
ASSETS |
|
|
|
|
(
us-gaap:AssetsCurrentAbstract ) |
|
|
|
|
|
|
Cash
and cash equivalents |
1,162 |
|
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 |
16,667 |
|
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 |
17,829 |
|
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 |
8,856 |
|
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 |
1,753,446 |
|
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 |
1,804,131 |
|
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 |
306,030 |
|
252,245 |
|
(
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. |
|
Accounts
payable - related party |
477,498 |
|
350,288 |
|
(
us-gaap:AccountsPayableRelatedPartiesCurrent ) |
|
|
|
|
Amount
for accounts payable to related parties. Used to reflect the current
portion of the liabilities (due within one year or within the normal
operating cycle if longer). |
|
Notes
payable - related party, net of discount |
109,337 |
|
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 |
1,153,252 |
|
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. |
|
Total
liabilities |
1,153,252 |
|
939,420 |
|
( us-gaap:Liabilities
) |
|
|
|
|
Sum
of the carrying amounts as of the balance sheet date of all
liabilities that are recognized. Liabilities are probable future
sacrifices of economic benefits arising from present obligations of
an entity to transfer assets or provide services to other entities
in the future. |
|
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 February 28, 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
shares issued and outstanding as of February 28, 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 |
32,955,555 |
|
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 |
(32,754,092 |
) |
(32,496,857 |
) |
(
us-gaap:RetainedEarningsAccumulatedDeficit ) |
|
|
|
|
The
cumulative amount of the reporting entity's undistributed earnings
or deficit. |
|
Total
shareholders' equity |
650,879 |
|
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 |
1,804,131 |
|
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
(Unaudited)) |
|
Statement - BALANCE SHEETS (Unaudited)
(Parenthetical) |
Statement - BALANCE SHEETS (Unaudited)
(Parenthetical) (USD $) |
|
|
(
us-gaap:StatementOfFinancialPositionAbstract ) |
|
|
|
|
|
Feb. 28, 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 (Unaudited)
(Parenthetical)) |
|
Statement - UNAUDITED STATEMENTS OF
OPERATIONS |
Statement - UNAUDITED STATEMENTS OF
OPERATIONS (USD $) |
6 Months
Ended |
3 Months
Ended |
(
us-gaap:IncomeStatementAbstract ) |
|
|
|
|
|
Feb. 28, 2017 |
Feb. 29, 2016 |
Feb. 28, 2017 |
Feb. 29, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING EXPENSES |
|
|
|
|
|
|
|
|
(
us-gaap:OperatingExpensesAbstract ) |
|
|
|
|
|
|
|
|
|
|
Exploration
costs |
9,378 |
|
44,311 |
|
6,133 |
|
39,463 |
|
(
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. |
|
General and
administrative expenses |
223,152 |
|
616,865 |
|
103,646 |
|
343,557 |
|
(
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 |
232,530 |
|
661,176 |
|
109,779 |
|
383,020 |
|
( 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 |
(232,530 |
) |
(661,176 |
) |
(109,779 |
) |
(383,020 |
) |
( us-gaap:OperatingIncomeLoss
) |
|
|
|
|
|
|
|
|
The
net result for the period of deducting operating expenses from
operating revenues. |
|
OTHER INCOME (EXPENSE) |
|
|
|
|
|
|
|
|
(
us-gaap:NonoperatingIncomeExpenseAbstract ) |
|
|
|
|
|
|
|
|
|
|
Interest and
other income |
1 |
|
6,061 |
|
|
|
6,006 |
|
(
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 |
24,706 |
|
6,259 |
|
19,510 |
|
1,856 |
|
(
us-gaap:OtherNonoperatingExpense ) |
|
|
|
|
|
|
|
|
Amount
of expense related to nonoperating activities, classified as
other. |
|
Total other
income (expense) |
(24,705 |
) |
(198 |
) |
(19,510 |
) |
4,150 |
|
(
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 |
(257,235 |
) |
(661,374 |
) |
(129,289 |
) |
(378,870 |
) |
( 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 |
(0.01 |
) |
(0.02 |
) |
0 |
|
(0.01 |
) |
(
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 |
|
42,889,939 |
|
44,941,532 |
|
44,411,862 |
|
(
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 - UNAUDITED STATEMENTS OF
OPERATIONS) |
|
Statement - UNAUDITED STATEMENTS OF CASH
FLOWS |
Statement - UNAUDITED STATEMENTS OF
CASH FLOWS (USD $) |
6 Months
Ended |
(
us-gaap:StatementOfCashFlowsAbstract ) |
|
|
|
|
Feb. 28, 2017 |
Feb. 29, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH FLOWS FROM OPERATING
ACTIVITIES |
|
|
|
|
(
us-gaap:NetCashProvidedByUsedInOperatingActivitiesAbstract
) |
|
|
|
|
|
|
Net loss |
(257,235 |
) |
(661,374 |
) |
( 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
) |
|
|
|
|
|
|
Discount
on notes payable |
17,563 |
|
— |
|
(
us-gaap:AmortizationOfDebtDiscountPremium ) |
|
|
|
|
Amount
of noncash expense included in interest expense to amortize debt
discount and premium associated with the related debt instruments.
Excludes amortization of financing costs. Alternate captions include
noncash interest expense. |
|
Depreciation
expense |
6,680 |
|
15,174 |
|
( 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 |
|
|
(5,697 |
) |
(
us-gaap:GainLossOnDispositionOfAssets ) |
|
|
|
|
Amount
of gain (loss) on sale or disposal of property, plant and equipment
assets, excluding oil and gas property and timber property. |
|
Stock
based compensation |
12,285 |
|
134,830 |
|
(
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 ) |
|
|
|
|
|
|
Prepaid
expenses and other assets |
(4,289 |
) |
(1,605 |
) |
(
us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
) |
|
|
|
|
Amount
of increase (decrease) in prepaid expenses, and assets classified as
other. |
|
Accounts
payable and accrued expenses |
53,784 |
|
41,067 |
|
(
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 |
127,210 |
|
102,981 |
|
(
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 |
(44,002 |
) |
(374,624 |
) |
(
us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
) |
|
|
|
|
Amount
of cash inflow (outflow) from operating activities, excluding
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 |
|
|
9,777 |
|
(
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) provided by investing activities |
|
|
(5,223 |
) |
(
us-gaap:NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
) |
|
|
|
|
Amount
of cash inflow (outflow) of investing activities, excluding
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
) |
|
|
|
|
|
|
Proceeds
from note payable - related party |
40,000 |
|
— |
|
(
us-gaap:ProceedsFromRelatedPartyDebt ) |
|
|
|
|
The
cash inflow from a long-term borrowing made from related parties
where one party can exercise control or significant influence over
another party; including affiliates, owners or officers and their
immediate families, pension trusts, and so forth. Alternate caption:
Proceeds from Advances from Affiliates. |
|
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 |
— |
|
562,000 |
|
(
us-gaap:ProceedsFromIssuanceOfCommonStock ) |
|
|
|
|
The
cash inflow from the additional capital contribution to the
entity. |
|
Net cash
provided by financing activities |
40,000 |
|
531,541 |
|
(
us-gaap:NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
) |
|
|
|
|
Amount
of cash inflow (outflow) of financing activities, excluding
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 |
(4,002 |
) |
151,694 |
|
(
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 |
1,162 |
|
563,267 |
|
(
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 |
— |
|
4,404 |
|
( 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. |
|
NON-CASH
TRANSACTIONS |
|
|
|
|
(
us-gaap:CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract
) |
|
|
|
|
|
|
Subscriptions
receivable |
|
|
7,500 |
|
(
us-gaap:OtherSignificantNoncashTransactionValueOfConsiderationReceived1
) |
|
|
|
|
The
value of the noncash (or part noncash) consideration received in a
transaction. Noncash is defined as transactions during a period that
do not result in cash receipts or cash payments in the period. "Part
noncash" refers to that portion of a transaction not resulting in
cash receipts or cash payments in the period. |
|
Conversion
of notes payable and accrued interest to units |
|
|
90,000 |
|
(
us-gaap:DebtConversionConvertedInstrumentAmount1 ) |
|
|
|
|
The
value of the financial instrument(s) that the original debt is being
converted into in a noncash (or part noncash) transaction. "Part
noncash" refers to that portion of the transaction not resulting in
cash receipts or cash payments in the period. |
| |
(End Statement - UNAUDITED STATEMENTS OF CASH
FLOWS) |
|
Disclosure - BASIS OF PRESENTATION |
Disclosure - BASIS OF PRESENTATION
(USD $) |
6 Months Ended |
(
us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
) |
|
|
|
|
Feb. 28, 2017 |
|
|
|
|
|
|
|
|
|
|
BASIS OF PRESENTATION |
NOTE
1 – BASIS OF PRESENTATION
The
accompanying unaudited interim financial statements of Texas Mineral
Resources Corp. (“we”, “us”, “our”, the “Company”) have been
prepared in accordance with accounting principles generally accepted
in the United States of America and the rules of the Securities and
Exchange Commission (“SEC”), and should be read in conjunction with
the audited financial statements and notes thereto contained in our
annual report on Form 10-K, for the year ended August 31, 2016,
dated December 14, 2016 as filed with the SEC. In the opinion of
management, all adjustments, consisting of normal recurring
adjustments, necessary for a fair presentation of financial position
and the results of operations for the interim periods presented have
been reflected herein. The results of operations for interim periods
are not necessarily indicative of the results to be expected for the
full year. Notes to the financial statements which would
substantially duplicate the disclosures contained in the audited
financial statements for the most recent fiscal year ended August
31, 2016 as reported in our annual report on Form 10-K, have been
omitted.
The
financial statements have been prepared on a going concern basis
which assumes the Company will not 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 $32,754,092 as of February
28, 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 or private placement of common stock.
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 shall be effective at 9:00 am EST on March 21, 2016.
The Certificate of Amendment did not make any other amendments to
the Company’s Certificate of Incorporation.
Reclassifications
For
comparability, certain prior period amounts have been reclassified,
where appropriate, to conform to the financial statement
presentation used in 2017.
|
|
(
us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock
) |
|
|
The
entire disclosure for the business description and basis of
presentation concepts. Business description describes the nature and
type of organization including but not limited to organizational
structure as may be applicable to holding companies, parent and
subsidiary relationships, business divisions, business units,
business segments, affiliates and information about significant
ownership of the reporting entity. Basis of presentation describes
the underlying basis used to prepare the financial statements (for
example, US Generally Accepted Accounting Principles, Other
Comprehensive Basis of Accounting, IFRS). |
| |
(End Disclosure - BASIS OF PRESENTATION) |
|
Disclosure - MINERAL PROPERTIES |
Disclosure - MINERAL PROPERTIES (USD
$) |
6 Months Ended |
(
us-gaap:MineralIndustriesDisclosuresAbstract ) |
|
|
|
|
Feb. 28, 2017 |
|
|
|
|
|
|
|
|
|
|
MINERAL PROPERTIES |
NOTE
2 – 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 2016, 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 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 2016, we paid a delay rental to the State of Texas of
$6,750.
March
2013 Lease
On
March 6, 2013, we entered into a lease assignment (the “Lease
Assignment Agreement”) 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. The closing of the
transaction contemplated by the Lease Assignment Agreement was
completed on March 8, 2013. As of February 28, 2017 the fourth
annual payment of $45,000 was not paid for the June 2016 payment;
however, the Company has received a waiver until May 31, 2017 for
payment.
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 due in October, which
has not been paid as of the date of this filing. 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 due in October, which has not been paid as of the date of
this filing. 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 West 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 cold 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 timing
of the award of this grant is currently uncertain. The application
for this award is competitive and others are participating.
Under
the terms of the Memorandum of Understanding (MOU) signed 28 June
2016, TMRC had a six months term to perform the necessary due
diligence and to technically and economically evaluate the
properties. Upon execution of the MOU TMRC and PEI will have six
months to draft and execute a formal lease agreement containing all
the standard terms of mining lease agreements. TMRC will be
obligated to pay a $5,000 per month rental or a 12% royalty
whichever is greater upon execution of the lease with PEI. TMRC has
asked for and received an extension of the original six months due
diligence period to the new due date of June 30, 2017.
|
|
(
us-gaap:MineralIndustriesDisclosuresTextBlock ) |
|
|
The
entire disclosure for mineral industries. |
| |
(End Disclosure - MINERAL PROPERTIES) |
|
Disclosure - NOTES PAYABLE |
Disclosure - NOTES PAYABLE (USD $) |
6 Months Ended |
(
us-gaap:DebtDisclosureAbstract ) |
|
|
|
|
Feb. 28, 2017 |
|
|
|
|
|
|
|
|
|
|
NOTES PAYABLE |
NOTE
3 – 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 fourth
installment of our surface lease in the amount of $45,000 to the
Southwest Wildlife Foundation. As a result the full amount of the
note payable has been classified as currently due. The Company has
received a waiver until May 31, 2017 for the June 2016 payment. The
note payable balance as of February 28, 2017 and August 31, 2016 was
$260,387. The Company has also accrued interest expense as of
February 28, 2017 and August 31, 2016 of $22,500 and $18,750,
respectively which is included in accrued liabilities.
On
July 1, 2016 the Company entered into two loans for $2,500 each from
two directors of the Company. The loans are due July 1, 2017,
non-interest accruing, and unsecured. 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 loans have a relative fair value of $3,815
and the warrants have a relative 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
February 28, 2017 and August 31, 2016 was a total of $5,000.
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
February 28, 2017 was $71,500.
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 due April
30, 2017 and April 1, 2017, respectively, are non-interest bearing,
and unsecured. As of this filing the loan with a April 1, 2017 due
date is in default and due upon demand. As additional consideration
for the loans, we issued 4,000 and 1,000 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 $4,522 and the warrants have a relative fair value of $478 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
February 28, 2017 and August 31, 2016 was $5,000 and $0,
respectively.
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 additional consideration
for the loans, we issued 45,000 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 $11,296
and the warrants have a relative fair value of $3,704 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
February 28, 2017 and August 31, 2016 was $15,000 and $0,
respectively.
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
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 February 28, 2017 and
August 31, 2016 was $20,000 and $0, respectively.
The
Company has recorded total discounts on the notes payable in the
amount of $24,726. For the six months ended February 28, 2017,
amortization of discounts on the notes payable totals
$17,563.
|
|
(
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 - SHAREHOLDERS' EQUITY |
Disclosure - SHAREHOLDERS' EQUITY (USD
$) |
6 Months Ended |
( us-gaap:EquityAbstract
) |
|
|
|
|
Feb. 28, 2017 |
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS' EQUITY |
NOTE
4 – SHAREHOLDERS’ EQUITY
Capital
Stock
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.
During
the six months ended February 28, 2017, we recognized $12,285 in
stock compensation expense for 60,000 stock options issued to an
outside consultant for services.
|
|
(
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 $) |
6 Months Ended |
(
us-gaap:RelatedPartyTransactionsAbstract ) |
|
|
|
|
Feb. 28, 2017 |
|
|
|
|
|
|
|
|
|
|
RELATED PARTY TRANSACTIONS |
NOTE
5 – RELATED PARTY TRANSACTIONS
The
Company had accounts payable to related parties in the approximate
amount of $447,000 and $350,000 at February 28, 2017 and August 31,
2016, respectively.
The
Company rents office space on a month to month basis of $1,600 from
a director. This space is currently subleased to a tenant.
|
|
(
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 - MINERAL PROPERTIES
(Tables) |
Disclosure - MINERAL PROPERTIES
(Tables) (USD $) |
6 Months
Ended |
(
us-gaap:MineralIndustriesDisclosuresAbstract ) |
|
|
|
|
Feb. 28, 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 - BASIS OF PRESENTATION
(Details) |
Disclosure - BASIS OF PRESENTATION
(Details) (USD $) |
|
|
(
us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
) |
|
|
|
|
|
Feb. 28, 2017 |
Aug. 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated deficit |
(32,754,092 |
) |
(32,496,857 |
) |
(
us-gaap:RetainedEarningsAccumulatedDeficit ) |
|
|
|
|
The
cumulative amount of the reporting entity's undistributed earnings
or deficit. |
| |
(End Disclosure - BASIS OF PRESENTATION
(Details)) |
|
Disclosure - MINERAL PROPERTIES (Details
Narrative) |
Disclosure - MINERAL PROPERTIES
(Details Narrative) (USD $) |
1 Month
Ended |
|
1 Month
Ended |
|
1 Month
Ended |
|
|
|
(
us-gaap:MineralIndustriesDisclosuresAbstract ) |
|
|
|
|
|
|
|
|
|
|
|
Sep. 2, 2011 |
Sep. 2, 2011 |
Nov. 1, 2011 |
Nov. 1, 2011 |
Aug. 31, 2016 |
Oct. 31, 2016 |
Mar. 6, 2013 |
Mar. 6, 2013 |
Mar. 6, 2013 |
Oct. 31, 2014 |
(
us-gaap:PropertyPlantAndEquipmentByTypeAxis ) |
|
|
|
|
|
|
|
|
|
|
Information
by type of long-lived, physical assets used to produce goods and
services and not intended for resale. |
|
|
Texas General Land Office - Hudspeth County, TX
[Member] September 2011 Mineral Properties Lease [Member] |
Texas General Land Office - Hudspeth County, TX
[Member] September 2011 Mineral Properties Lease [Member] |
State of Texas - Hudspeth County, TX [Member] November
2011 Mineral Properties Lease [Member] |
State of Texas - Hudspeth County, TX [Member] November
2011 Mineral Properties Lease [Member] |
Texas General Land Office - Hudspeth County, TX
[Member] September 2011 Mineral Properties Lease [Member] |
State of Texas - Hudspeth County, TX [Member] November
2011 Mineral Properties Lease [Member] |
Southwest Range and Wildlife Foundation, Inc.
[Member] Surface Lease [Member] |
Southwest Range and Wildlife Foundation, Inc.
[Member] Surface Lease [Member] |
Foundation Lease Note - Initial [Member] |
Surface Lease [Member] |
(
us-gaap:PropertyPlantAndEquipmentTypeDomain ) |
|
|
|
|
|
|
|
|
|
|
Listing
of long-lived, physical assets that are used in the normal conduct
of business to produce goods and services and not intended for
resale. Examples include land, buildings, machinery and equipment,
and other types of furniture and equipment including, but not
limited to, office equipment, furniture and fixtures, and computer
equipment and software. |
|
Mining lease - acres |
|
|
860 |
|
|
|
90 |
|
|
|
|
|
|
|
54,990.11 |
|
|
|
|
|
( custom:MiningLeaseAcres
[Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number
of acres of mining lease. |
|
Surface rights - acres |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,760 |
|
( custom:SurfaceRightsAcres
[Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number
of acres of surface rights agreement. |
|
Ground water lease - acres |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
custom:GroundWaterLeaseAcres [Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number
of acres of gorund water lease. |
|
Lease bonus |
|
|
142,518 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
( custom:LeaseBonus
[Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
value of a lease bonus to be paid. |
|
Lease bonus paid |
44,718 |
|
|
|
20,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
( custom:PaymentOfLeaseBonus
[Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
cash outflow for lease bonus. |
|
Lease bonus due upon filing of
supplemental plan of operations to conduct mining |
|
|
97,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
( custom:LeaseBonusDue
[Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Under
terms of mineral properties leases, the amount of lease bonus due to
the State of Texas upon the submission of a supplemental plan of
operations to conduct mining. |
|
Minimum advance royalty due upon
sale of minerals |
|
|
500,000 |
|
|
|
50,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
(
custom:MinimumAdvanceRoyaltyDue [Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Under
terms of mineral properties leases, the minimum advance royalty due
to the State of Texas upon the sale of minerals removed from Round
Top. |
|
Production royalty of market value
of uranium and fissionable materials |
0.08 |
|
|
|
0.08 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
custom:ProductionRoyaltyOfMarketValueOfUraniumAndFissionableMaterials
[Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
percentage production royalty of market value of uranium and other
fissionable materials removed and sold from Round Top due to the
State of Texas after the minimum advance royalty is paid. |
|
Production royalty of market value
of other minerals |
0.0625 |
|
|
|
0.0625 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
custom:ProductionRoyaltyOfMarketValueOfOtherMinerals [Extension]
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
percentage production royalty of market value of other minerals
removed and sold from Round Top due to the State of Texas after the
minimum advance royalty is paid. |
|
Payment of delay rental |
|
|
|
|
|
|
|
|
67,077 |
|
6,750 |
|
|
|
|
|
|
|
|
|
( custom:PaymentOfDelayRental
[Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
cash outflow for delay rental fee. |
|
Cash paid for lease assignment |
|
|
|
|
|
|
|
|
|
|
|
|
500,000 |
|
|
|
|
|
|
|
(
custom:CashPaidForLeaseAssignment [Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
cash outflow for lease assignment. |
|
Shares issued for lease |
|
|
|
|
|
|
|
|
|
|
|
|
1,063,830 |
|
|
|
|
|
|
|
(
us-gaap:StockIssuedDuringPeriodSharesOther ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number
of shares of stock issued attributable to transactions classified as
other. |
|
Common stock, par value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.01 |
|
|
|
|
|
(
us-gaap:CommonStockParOrStatedValuePerShare ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Face
amount or stated value per share of common stock. |
|
Periodic lease payment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:OperatingLeasesFutureMinimumPaymentsDue ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount
of required minimum rental payments for leases having an initial or
remaining non-cancelable letter-terms in excess of one year. |
|
Periodic option annual payment
due |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,000 |
|
(
custom:PeriodicOptionAnnualPaymentDue [Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
amount of annual option payment payable per agreement. |
|
Annual minimum production payment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
custom:AnnualMinimumProductionPayment [Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
amount of annual production payment due per agreement. |
|
Royalty percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
custom:LeaseContractRoyaltyPercentage [Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
royalty percentage specified in the lease contract. |
|
Production payment, amount per
thousand gallons |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
custom:ProductionPaymentAmountPerThousandGallons [Extension]
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
amount per every thousand gallons that will be paid as an annual
production payment, assuming the per gallon calculation yields the
maximum amount. |
|
Production payment, annual amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
custom:LeaseProductionPaymentAnnualAmount [Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
annual amount that will be paid as a production payment assuming
this yields the maximum amount. |
|
|
Table continued from above |
|
Disclosure - MINERAL PROPERTIES
(Details Narrative) (USD $) |
|
1 Month
Ended |
|
(
us-gaap:MineralIndustriesDisclosuresAbstract ) |
|
|
|
|
|
|
Oct. 31, 2014 |
Oct. 31, 2014 |
Jun. 28, 2016 |
Jun. 28, 2016 |
(
us-gaap:PropertyPlantAndEquipmentByTypeAxis ) |
|
|
|
|
Information
by type of long-lived, physical assets used to produce goods and
services and not intended for resale. |
|
|
Water Lease [Member] |
Water Lease [Member] |
PEI - MOU [Member] |
PEI - MOU [Member] |
(
us-gaap:PropertyPlantAndEquipmentTypeDomain ) |
|
|
|
|
Listing
of long-lived, physical assets that are used in the normal conduct
of business to produce goods and services and not intended for
resale. Examples include land, buildings, machinery and equipment,
and other types of furniture and equipment including, but not
limited to, office equipment, furniture and fixtures, and computer
equipment and software. |
|
Mining lease - acres |
|
|
|
|
|
|
|
|
( custom:MiningLeaseAcres
[Extension] ) |
|
|
|
|
|
|
|
|
Number
of acres of mining lease. |
|
Surface rights - acres |
|
|
|
|
|
|
|
|
( custom:SurfaceRightsAcres
[Extension] ) |
|
|
|
|
|
|
|
|
Number
of acres of surface rights agreement. |
|
Ground water lease - acres |
13,120 |
|
|
|
|
|
|
|
(
custom:GroundWaterLeaseAcres [Extension] ) |
|
|
|
|
|
|
|
|
Number
of acres of gorund water lease. |
|
Lease bonus |
|
|
|
|
|
|
|
|
( custom:LeaseBonus
[Extension] ) |
|
|
|
|
|
|
|
|
The
value of a lease bonus to be paid. |
|
Lease bonus paid |
|
|
|
|
|
|
|
|
( custom:PaymentOfLeaseBonus
[Extension] ) |
|
|
|
|
|
|
|
|
The
cash outflow for lease bonus. |
|
Lease bonus due upon filing of
supplemental plan of operations to conduct mining |
|
|
|
|
|
|
|
|
( custom:LeaseBonusDue
[Extension] ) |
|
|
|
|
|
|
|
|
Under
terms of mineral properties leases, the amount of lease bonus due to
the State of Texas upon the submission of a supplemental plan of
operations to conduct mining. |
|
Minimum advance royalty due upon
sale of minerals |
|
|
|
|
|
|
|
|
(
custom:MinimumAdvanceRoyaltyDue [Extension] ) |
|
|
|
|
|
|
|
|
Under
terms of mineral properties leases, the minimum advance royalty due
to the State of Texas upon the sale of minerals removed from Round
Top. |
|
Production royalty of market value
of uranium and fissionable materials |
|
|
|
|
|
|
|
|
(
custom:ProductionRoyaltyOfMarketValueOfUraniumAndFissionableMaterials
[Extension] ) |
|
|
|
|
|
|
|
|
The
percentage production royalty of market value of uranium and other
fissionable materials removed and sold from Round Top due to the
State of Texas after the minimum advance royalty is paid. |
|
Production royalty of market value
of other minerals |
|
|
|
|
|
|
|
|
(
custom:ProductionRoyaltyOfMarketValueOfOtherMinerals [Extension]
) |
|
|
|
|
|
|
|
|
The
percentage production royalty of market value of other minerals
removed and sold from Round Top due to the State of Texas after the
minimum advance royalty is paid. |
|
Payment of delay rental |
|
|
|
|
|
|
|
|
( custom:PaymentOfDelayRental
[Extension] ) |
|
|
|
|
|
|
|
|
The
cash outflow for delay rental fee. |
|
Cash paid for lease assignment |
|
|
|
|
|
|
|
|
(
custom:CashPaidForLeaseAssignment [Extension] ) |
|
|
|
|
|
|
|
|
The
cash outflow for lease assignment. |
|
Shares issued for lease |
|
|
|
|
|
|
|
|
(
us-gaap:StockIssuedDuringPeriodSharesOther ) |
|
|
|
|
|
|
|
|
Number
of shares of stock issued attributable to transactions classified as
other. |
|
Common stock, par value |
|
|
|
|
|
|
|
|
(
us-gaap:CommonStockParOrStatedValuePerShare ) |
|
|
|
|
|
|
|
|
Face
amount or stated value per share of common stock. |
|
Periodic lease payment |
|
|
|
|
|
|
5,000 |
|
(
us-gaap:OperatingLeasesFutureMinimumPaymentsDue ) |
|
|
|
|
|
|
|
|
Amount
of required minimum rental payments for leases having an initial or
remaining non-cancelable letter-terms in excess of one year. |
|
Periodic option annual payment
due |
|
|
|
|
|
|
|
|
(
custom:PeriodicOptionAnnualPaymentDue [Extension] ) |
|
|
|
|
|
|
|
|
The
amount of annual option payment payable per agreement. |
|
Annual minimum production payment |
5,000 |
|
|
|
|
|
|
|
(
custom:AnnualMinimumProductionPayment [Extension] ) |
|
|
|
|
|
|
|
|
The
amount of annual production payment due per agreement. |
|
Royalty percentage |
|
|
|
|
0.12 |
|
|
|
(
custom:LeaseContractRoyaltyPercentage [Extension] ) |
|
|
|
|
|
|
|
|
The
royalty percentage specified in the lease contract. |
|
Production payment, amount per
thousand gallons |
|
|
0.95 |
|
|
|
|
|
(
custom:ProductionPaymentAmountPerThousandGallons [Extension]
) |
|
|
|
|
|
|
|
|
The
amount per every thousand gallons that will be paid as an annual
production payment, assuming the per gallon calculation yields the
maximum amount. |
|
Production payment, annual amount |
20,000 |
|
|
|
|
|
|
|
(
custom:LeaseProductionPaymentAnnualAmount [Extension] ) |
|
|
|
|
|
|
|
|
The
annual amount that will be paid as a production payment assuming
this yields the maximum amount. |
| |
(End Disclosure - MINERAL PROPERTIES (Details
Narrative)) |
|
Disclosure - MINERAL PROPERTIES (Schedule of
Future Minimum Lease Payments) (Details) |
Disclosure - MINERAL PROPERTIES
(Schedule of Future Minimum Lease Payments) (Details) (USD $) |
|
|
|
|
|
|
(
us-gaap:MineralIndustriesDisclosuresAbstract ) |
|
|
|
|
|
|
|
|
|
Feb. 28, 2017 |
Feb. 28, 2017 |
Feb. 28, 2017 |
Feb. 28, 2017 |
Feb. 28, 2017 |
Feb. 28, 2017 |
(
us-gaap:PropertyPlantAndEquipmentByTypeAxis ) |
|
|
|
|
|
|
Information
by type of long-lived, physical assets used to produce goods and
services and not intended for resale. |
|
|
September 2, 2015 - 2019 [Member] |
September 2, 2020 - 2024 [Member] |
September 2, 2025 - 2029 [Member] |
November 1, 2015 - 2019 [Member] |
November 1, 2020 - 2024 [Member] |
November 1, 2025 - 2029 [Member] |
(
us-gaap:PropertyPlantAndEquipmentTypeDomain ) |
|
|
|
|
|
|
Listing
of long-lived, physical assets that are used in the normal conduct
of business to produce goods and services and not intended for
resale. Examples include land, buildings, machinery and equipment,
and other types of furniture and equipment including, but not
limited to, office equipment, furniture and fixtures, and computer
equipment and software. |
|
Per Acre Amount |
75 |
|
150 |
|
200 |
|
75 |
|
150 |
|
200 |
|
(
custom:MineralPropertiesPerAcreAmount [Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
Lease
amount, per acre for mineral properties. |
|
Total Lease Amount |
67,077 |
|
134,155 |
|
178,873 |
|
6,750 |
|
13,500 |
|
18,000 |
|
(
custom:MineralPropertiesTotalLeaseAmount [Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
Total
lease amount for mineral properties. |
| |
(End Disclosure - MINERAL PROPERTIES (Schedule
of Future Minimum Lease Payments) (Details)) |
|
Disclosure - NOTES PAYABLE (Details
Narrative) |
Disclosure - NOTES PAYABLE (Details
Narrative) (USD $) |
|
|
0 Months
Ended |
|
|
|
|
|
0 Months
Ended |
|
(
us-gaap:DebtDisclosureAbstract ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mar. 6, 2013 |
Mar. 6, 2013 |
Mar. 6, 2013 |
Feb. 28, 2017 |
Aug. 31, 2016 |
Jul. 1, 2016 |
Feb. 28, 2017 |
Aug. 31, 2016 |
Jul. 1, 2016 |
Sep. 2, 2016 |
( us-gaap:DebtInstrumentAxis
) |
|
|
|
|
|
|
|
|
|
|
Information
by type of debt instrument, including, but not limited to, draws
against credit facilities. |
|
|
Foundation Lease Note - Initial [Member] |
Foundation Lease Note - Periodic Payments [Member] |
Foundation Lease Note - Periodic Payments [Member] |
Foundation Lease Note - Periodic Payments [Member] |
Foundation Lease Note - Periodic Payments [Member] |
Two Directors - Loans [Member] |
Two Directors - Loans [Member] |
Two Directors - Loans [Member] |
Two Directors - Loans [Member] |
Five Directors - Loans [Member] |
(
us-gaap:DebtInstrumentNameDomain ) |
|
|
|
|
|
|
|
|
|
|
The
name for the particular debt instrument or borrowing that
distinguishes it from other debt instruments or borrowings,
including draws against credit facilities. |
|
Periodic payment |
|
|
|
|
45,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:DebtInstrumentPeriodicPayment ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount
of the required periodic payments including both interest and
principal payments. |
|
Number of payments |
|
|
9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
( custom:NumberOfPayment
[Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
number of payments. |
|
Number of loans |
|
|
|
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
|
5 |
|
( custom:NumberOfLoans
[Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
number of loans. |
|
Interest rate |
|
|
0.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:DebtInstrumentInterestRateStatedPercentage ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contractual
interest rate for funds borrowed, under the debt agreement. |
|
Note payable face amount |
45,000 |
|
364,852 |
|
|
|
|
|
|
|
2,500 |
|
|
|
|
|
|
|
71,500 |
|
(
us-gaap:DebtInstrumentFaceAmount ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Face
(par) amount of debt instrument at time of issuance. |
|
Notes payable - related party, net
of discounts |
|
|
|
|
|
|
|
|
|
|
|
|
5,000 |
|
5,000 |
|
|
|
|
|
(
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). |
|
Accrued interest payable |
|
|
|
|
|
|
22,500 |
|
18,750 |
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:InterestPayableCurrentAndNoncurrent ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount
of interest payable on debt, including, but not limited to, trade
payables. |
|
Amount of lease payment in
default |
|
|
|
|
|
|
45,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
(
custom:AmountOfLeasePaymentInDefault [Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
amount of lease payment in deafult at end of reporting period. |
|
Maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2017-07-01 |
|
|
|
(
us-gaap:DebtInstrumentMaturityDate ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
when the debt instrument is scheduled to be fully repaid, in
CCYY-MM-DD format. |
|
Debt term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
( us-gaap:DebtInstrumentTerm
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Period
of time between issuance and maturity of debt instrument, in
PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the
reported fact of one year, five months, and thirteen days. |
|
Proceeds from loan payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:ProceedsFromIssuanceOfLongTermDebt ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
cash inflow from a debt initially having maturity due after one year
or beyond the operating cycle, if longer. |
|
Common stock warrants granted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,000 |
|
|
|
(
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
number of non-option equity instruments granted to participants. |
|
Warrants, exercise price |
|
|
|
|
|
|
|
|
|
|
0.10 |
|
|
|
|
|
|
|
0.10 |
|
(
us-gaap:ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise
price per share or per unit of warrants or rights outstanding. |
|
Warrant term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
P5Y |
|
|
|
(
us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
average remaining contractual term for vested portions of options
outstanding and currently exercisable or convertible, in
'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the
reported fact of one year, five months, and thirteen days. |
|
Fair value of debt |
|
|
|
|
|
|
|
|
|
|
3,815 |
|
|
|
|
|
|
|
57,414 |
|
(
us-gaap:NotesPayableFairValueDisclosure ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair
value portion of notes payable. |
|
Fair value of warrants |
|
|
|
|
|
|
|
|
|
|
1,185 |
|
|
|
|
|
|
|
14,086 |
|
(
us-gaap:DerivativeLiabilities ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair
value, after the effects of master netting arrangements, of a
financial liability or contract with one or more underlyings,
notional amount or payment provision or both, and the contract can
be net settled by means outside the contract or delivery of an
asset. Includes liabilities not subject to a master netting
arrangement and not elected to be offset. |
|
Expected life |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
P5Y |
|
|
|
(
us-gaap:ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedTerm1
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Period
an equity-based award is expected to be outstanding, in
'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the
reported fact of one year, five months, and thirteen days. |
|
Expected volatility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.85 |
|
|
|
(
us-gaap:ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedVolatilityRate
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
estimated measure of the percentage amount by which a share price is
expected to fluctuate during the expected term of a nonvested share
or option award issued to other than an employee. |
|
Risk-free interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.01 |
|
|
|
(
us-gaap:ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodRiskFreeInterestRate
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
risk-free interest rate assumption that is used in valuing a
nonvested share or option award issued to other than an employee. |
|
Expected dividend yield |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.00 |
|
|
|
(
us-gaap:ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedDividendRate
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
estimated dividend rate (a percentage of the share price) to be paid
(expected dividends) to holders of the underlying shares over the
expected term of a nonvested share or option award issued to other
than an employee. |
|
Discount on notes payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:DebtInstrumentUnamortizedDiscount ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount,
after accumulated amortization, of debt discount. |
|
Amortization of debt discount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:AmortizationOfDebtDiscountPremium ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount
of noncash expense included in interest expense to amortize debt
discount and premium associated with the related debt instruments.
Excludes amortization of financing costs. Alternate captions include
noncash interest expense. |
|
|
Table continued from above |
|
Disclosure - NOTES PAYABLE (Details
Narrative) (USD $) |
0 Months
Ended |
|
|
0 Months
Ended |
|
0 Months
Ended |
|
0 Months
Ended |
|
|
(
us-gaap:DebtDisclosureAbstract ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sep. 2, 2016 |
Feb. 28, 2017 |
Nov. 1, 2016 |
Nov. 1, 2016 |
Nov. 1, 2016 |
Nov. 1, 2016 |
Nov. 1, 2016 |
Nov. 1, 2016 |
Feb. 28, 2017 |
Aug. 31, 2016 |
( us-gaap:DebtInstrumentAxis
) |
|
|
|
|
|
|
|
|
|
|
Information
by type of debt instrument, including, but not limited to, draws
against credit facilities. |
|
|
Five Directors - Loans [Member] |
Five Directors - Loans [Member] |
Director - Loan # 1 [Member] |
Director - Loan # 1 [Member] |
Director - Loan #2 [Member] |
Director - Loan #2 [Member] |
Directors - Loans [Member] |
Directors - Loans [Member] |
Directors - Loans [Member] |
Directors - Loans [Member] |
(
us-gaap:DebtInstrumentNameDomain ) |
|
|
|
|
|
|
|
|
|
|
The
name for the particular debt instrument or borrowing that
distinguishes it from other debt instruments or borrowings,
including draws against credit facilities. |
|
Periodic payment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:DebtInstrumentPeriodicPayment ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount
of the required periodic payments including both interest and
principal payments. |
|
Number of payments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
( custom:NumberOfPayment
[Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
number of payments. |
|
Number of loans |
|
|
|
|
|
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
|
( custom:NumberOfLoans
[Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
number of loans. |
|
Interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:DebtInstrumentInterestRateStatedPercentage ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contractual
interest rate for funds borrowed, under the debt agreement. |
|
Note payable face amount |
|
|
|
|
4,000 |
|
|
|
1,000 |
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:DebtInstrumentFaceAmount ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Face
(par) amount of debt instrument at time of issuance. |
|
Notes payable - related party, net
of discounts |
|
|
71,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
5,000 |
|
0 |
|
(
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). |
|
Accrued interest payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:InterestPayableCurrentAndNoncurrent ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount
of interest payable on debt, including, but not limited to, trade
payables. |
|
Amount of lease payment in
default |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
custom:AmountOfLeasePaymentInDefault [Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
amount of lease payment in deafult at end of reporting period. |
|
Maturity date |
2017-03-01 |
|
|
|
|
|
2017-04-30 |
|
|
|
2017-04-01 |
|
|
|
|
|
|
|
|
|
(
us-gaap:DebtInstrumentMaturityDate ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
when the debt instrument is scheduled to be fully repaid, in
CCYY-MM-DD format. |
|
Debt term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
( us-gaap:DebtInstrumentTerm
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Period
of time between issuance and maturity of debt instrument, in
PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the
reported fact of one year, five months, and thirteen days. |
|
Proceeds from loan payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:ProceedsFromIssuanceOfLongTermDebt ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
cash inflow from a debt initially having maturity due after one year
or beyond the operating cycle, if longer. |
|
Common stock warrants granted |
147,000 |
|
|
|
|
|
4,000 |
|
|
|
1,000 |
|
|
|
|
|
|
|
|
|
(
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
number of non-option equity instruments granted to participants. |
|
Warrants, exercise price |
|
|
|
|
|
|
|
|
|
|
|
|
0.10 |
|
|
|
|
|
|
|
(
us-gaap:ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise
price per share or per unit of warrants or rights outstanding. |
|
Warrant term |
P5Y |
|
|
|
|
|
|
|
|
|
|
|
|
|
P5Y |
|
|
|
|
|
(
us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
average remaining contractual term for vested portions of options
outstanding and currently exercisable or convertible, in
'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the
reported fact of one year, five months, and thirteen days. |
|
Fair value of debt |
|
|
|
|
|
|
|
|
|
|
|
|
4,522 |
|
|
|
|
|
|
|
(
us-gaap:NotesPayableFairValueDisclosure ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair
value portion of notes payable. |
|
Fair value of warrants |
|
|
|
|
|
|
|
|
|
|
|
|
478 |
|
|
|
|
|
|
|
(
us-gaap:DerivativeLiabilities ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair
value, after the effects of master netting arrangements, of a
financial liability or contract with one or more underlyings,
notional amount or payment provision or both, and the contract can
be net settled by means outside the contract or delivery of an
asset. Includes liabilities not subject to a master netting
arrangement and not elected to be offset. |
|
Expected life |
P5Y |
|
|
|
|
|
|
|
|
|
|
|
|
|
P5Y |
|
|
|
|
|
(
us-gaap:ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedTerm1
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Period
an equity-based award is expected to be outstanding, in
'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the
reported fact of one year, five months, and thirteen days. |
|
Expected volatility |
2.45 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1.81 |
|
|
|
|
|
(
us-gaap:ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedVolatilityRate
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
estimated measure of the percentage amount by which a share price is
expected to fluctuate during the expected term of a nonvested share
or option award issued to other than an employee. |
|
Risk-free interest rate |
0.0118 |
|
|
|
|
|
|
|
|
|
|
|
|
|
0.0130 |
|
|
|
|
|
(
us-gaap:ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodRiskFreeInterestRate
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
risk-free interest rate assumption that is used in valuing a
nonvested share or option award issued to other than an employee. |
|
Expected dividend yield |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
|
|
|
|
|
(
us-gaap:ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedDividendRate
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
estimated dividend rate (a percentage of the share price) to be paid
(expected dividends) to holders of the underlying shares over the
expected term of a nonvested share or option award issued to other
than an employee. |
|
Discount on notes payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:DebtInstrumentUnamortizedDiscount ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount,
after accumulated amortization, of debt discount. |
|
Amortization of debt discount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:AmortizationOfDebtDiscountPremium ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount
of noncash expense included in interest expense to amortize debt
discount and premium associated with the related debt instruments.
Excludes amortization of financing costs. Alternate captions include
noncash interest expense. |
|
|
Table continued from above |
|
Disclosure - NOTES PAYABLE (Details
Narrative) (USD $) |
|
0 Months
Ended |
|
|
0 Months
Ended |
|
|
|
|
6 Months
Ended |
(
us-gaap:DebtDisclosureAbstract ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Dec. 12, 2016 |
Dec. 12, 2016 |
Feb. 28, 2017 |
Aug. 31, 2016 |
Jan. 12, 2017 |
Jan. 12, 2017 |
Feb. 28, 2017 |
Aug. 31, 2016 |
Aug. 31, 2016 |
Feb. 28, 2017 |
( us-gaap:DebtInstrumentAxis
) |
|
|
|
|
|
|
|
|
|
|
Information
by type of debt instrument, including, but not limited to, draws
against credit facilities. |
|
|
Director - Loan [Member] |
Director - Loan [Member] |
Director - Loan [Member] |
Director - Loan [Member] |
Director and an Officer - Loans [Member] |
Director and an Officer - Loans [Member] |
Director and an Officer - Loans [Member] |
Director and an Officer - Loans [Member] |
|
|
(
us-gaap:DebtInstrumentNameDomain ) |
|
|
|
|
|
|
|
|
|
|
The
name for the particular debt instrument or borrowing that
distinguishes it from other debt instruments or borrowings,
including draws against credit facilities. |
|
Periodic payment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:DebtInstrumentPeriodicPayment ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount
of the required periodic payments including both interest and
principal payments. |
|
Number of payments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
( custom:NumberOfPayment
[Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
number of payments. |
|
Number of loans |
|
|
|
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
|
|
|
( custom:NumberOfLoans
[Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
number of loans. |
|
Interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:DebtInstrumentInterestRateStatedPercentage ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contractual
interest rate for funds borrowed, under the debt agreement. |
|
Note payable face amount |
15,000 |
|
|
|
|
|
|
|
|
|
20,000 |
|
|
|
|
|
|
|
|
|
(
us-gaap:DebtInstrumentFaceAmount ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Face
(par) amount of debt instrument at time of issuance. |
|
Notes payable - related party, net
of discounts |
|
|
|
|
15,000 |
|
0 |
|
|
|
|
|
20,000 |
|
0 |
|
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). |
|
Accrued interest payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:InterestPayableCurrentAndNoncurrent ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount
of interest payable on debt, including, but not limited to, trade
payables. |
|
Amount of lease payment in
default |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
custom:AmountOfLeasePaymentInDefault [Extension] ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
amount of lease payment in deafult at end of reporting period. |
|
Maturity date |
|
|
2017-06-12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:DebtInstrumentMaturityDate ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
when the debt instrument is scheduled to be fully repaid, in
CCYY-MM-DD format. |
|
Debt term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
( us-gaap:DebtInstrumentTerm
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Period
of time between issuance and maturity of debt instrument, in
PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the
reported fact of one year, five months, and thirteen days. |
|
Proceeds from loan payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:ProceedsFromIssuanceOfLongTermDebt ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
cash inflow from a debt initially having maturity due after one year
or beyond the operating cycle, if longer. |
|
Common stock warrants granted |
|
|
45,000 |
|
|
|
|
|
40,000 |
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
number of non-option equity instruments granted to participants. |
|
Warrants, exercise price |
0.10 |
|
|
|
|
|
|
|
|
|
0.10 |
|
|
|
|
|
|
|
|
|
(
us-gaap:ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise
price per share or per unit of warrants or rights outstanding. |
|
Warrant term |
|
|
P5Y |
|
|
|
|
|
P5Y |
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
average remaining contractual term for vested portions of options
outstanding and currently exercisable or convertible, in
'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the
reported fact of one year, five months, and thirteen days. |
|
Fair value of debt |
11,296 |
|
|
|
|
|
|
|
|
|
13,542 |
|
|
|
|
|
|
|
|
|
(
us-gaap:NotesPayableFairValueDisclosure ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair
value portion of notes payable. |
|
Fair value of warrants |
3,704 |
|
|
|
|
|
|
|
|
|
6,458 |
|
|
|
|
|
|
|
|
|
(
us-gaap:DerivativeLiabilities ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair
value, after the effects of master netting arrangements, of a
financial liability or contract with one or more underlyings,
notional amount or payment provision or both, and the contract can
be net settled by means outside the contract or delivery of an
asset. Includes liabilities not subject to a master netting
arrangement and not elected to be offset. |
|
Expected life |
|
|
P5Y |
|
|
|
|
|
P5Y |
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedTerm1
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Period
an equity-based award is expected to be outstanding, in
'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the
reported fact of one year, five months, and thirteen days. |
|
Expected volatility |
|
|
2.41 |
|
|
|
|
|
2.40 |
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedVolatilityRate
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
estimated measure of the percentage amount by which a share price is
expected to fluctuate during the expected term of a nonvested share
or option award issued to other than an employee. |
|
Risk-free interest rate |
|
|
0.0190 |
|
|
|
|
|
0.0187 |
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodRiskFreeInterestRate
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
risk-free interest rate assumption that is used in valuing a
nonvested share or option award issued to other than an employee. |
|
Expected dividend yield |
|
|
0 |
|
|
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
(
us-gaap:ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedDividendRate
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
estimated dividend rate (a percentage of the share price) to be paid
(expected dividends) to holders of the underlying shares over the
expected term of a nonvested share or option award issued to other
than an employee. |
|
Discount on notes payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,726 |
|
|
|
(
us-gaap:DebtInstrumentUnamortizedDiscount ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount,
after accumulated amortization, of debt discount. |
|
Amortization of debt discount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,563 |
|
(
us-gaap:AmortizationOfDebtDiscountPremium ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount
of noncash expense included in interest expense to amortize debt
discount and premium associated with the related debt instruments.
Excludes amortization of financing costs. Alternate captions include
noncash interest expense. |
| |
(End Disclosure - NOTES PAYABLE (Details
Narrative)) |
|
Disclosure - SHAREHOLDERS' EQUITY (Details
Narrative) |
Disclosure - SHAREHOLDERS' EQUITY
(Details Narrative) (USD $) |
6 Months
Ended |
|
( us-gaap:EquityAbstract
) |
|
|
|
|
|
Feb. 28, 2017 |
Feb. 28, 2017 |
(
us-gaap:TitleOfIndividualAxis ) |
|
|
Information
by title of individual or nature of relationship to individual or
group of individuals. |
|
|
Consultant [Member] |
|
(
us-gaap:TitleOfIndividualWithRelationshipToEntityDomain ) |
|
|
Title
of individual, or nature of relationship to individual or group of
individuals. |
|
Common stock, shares authorized |
|
|
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, par value |
|
|
0.01 |
|
(
us-gaap:CommonStockParOrStatedValuePerShare ) |
|
|
|
|
Face
amount or stated value per share of common stock. |
|
Preferred stock, shares
authorized |
|
|
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. |
|
Stock based compensation -
options |
12,285 |
|
|
|
(
us-gaap:IssuanceOfStockAndWarrantsForServicesOrClaims ) |
|
|
|
|
Fair
value of share-based compensation granted to nonemployees as payment
for services rendered or acknowledged claims. |
|
Stock options issued to outside
consultant |
60,000 |
|
|
|
(
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. |
| |
(End Disclosure - SHAREHOLDERS' EQUITY (Details
Narrative)) |
|
Disclosure - RELATED PARTY TRANSACTIONS
(Details Narrative) |
Disclosure - RELATED PARTY
TRANSACTIONS (Details Narrative) (USD $) |
|
|
6 Months
Ended |
(
us-gaap:RelatedPartyTransactionsAbstract ) |
|
|
|
|
|
|
Feb. 28, 2017 |
Aug. 31, 2016 |
Feb. 28, 2017 |
(
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis ) |
|
|
|
Information
by type of related party. Related parties include, but not limited
to, affiliates; other entities for which investments are accounted
for by the equity method by the entity; trusts for benefit of
employees; and principal owners, management, and members of
immediate families. It also may include other parties with which the
entity may control or can significantly influence the management or
operating policies of the other to an extent that one of the
transacting parties might be prevented from fully pursuing its own
separate interests. |
|
|
|
|
Director [Member] |
( us-gaap:RelatedPartyDomain
) |
|
|
|
Related
parties include affiliates; other entities for which investments are
accounted for by the equity method by the entity; trusts for benefit
of employees; and principal owners, management, and members of
immediate families. It also may include other parties with which the
entity may control or can significantly influence the management or
operating policies of the other to an extent that one of the
transacting parties might be prevented from fully pursuing its own
separate interests. |
|
Accounts payable - related party |
477,498 |
|
350,288 |
|
|
|
(
us-gaap:AccountsPayableRelatedPartiesCurrent ) |
|
|
|
|
|
|
Amount
for accounts payable to related parties. Used to reflect the current
portion of the liabilities (due within one year or within the normal
operating cycle if longer). |
|
Monthly rent paid to director |
|
|
|
|
1,600 |
|
(
us-gaap:RelatedPartyTransactionAmountsOfTransaction ) |
|
|
|
|
|
|
Amount
of transactions with related party during the financial reporting
period. |
| |
(End Disclosure - RELATED PARTY TRANSACTIONS
(Details Narrative)) |
Contexts |
ID |
Period |
CIK |
Dimensions |
I2015-08-31 |
2015-08-31 |
0001445942 |
|
AsOf2017-02-28 |
2017-02-28 |
0001445942 |
|
AsOf2016-08-31 |
2016-08-31 |
0001445942 |
|
AsOf2016-02-29 |
2016-02-29 |
0001445942 |
|
AsOf2013-03-06_custom_FoundationLeaseNote1Member |
2013-03-06 |
0001445942 |
us-gaap:DebtInstrumentAxis:
custom:FoundationLeaseNote1Member |
AsOf2016-08-31_custom_FoundationLeaseNoteMember |
2016-08-31 |
0001445942 |
us-gaap:DebtInstrumentAxis:
custom:FoundationLeaseNoteMember |
I2013-03-06_HudspethCountyTXMember_MiningPropertiesAndMineralRights2Member |
2013-03-06 |
0001445942 |
us-gaap:CounterpartyNameAxis:
custom:HudspethCountyTXMember us-gaap:PropertyPlantAndEquipmentByTypeAxis:
custom:MiningPropertiesAndMineralRights2Member |
From2016-09-01to2017-02-28 |
2016-09-01 - 2017-02-28 |
0001445942 |
|
From2015-09-01to2016-02-29 |
2015-09-01 - 2016-02-29 |
0001445942 |
|
From2016-09-01to2017-02-28_custom_ConsultantMember |
2016-09-01 - 2017-02-28 |
0001445942 |
us-gaap:TitleOfIndividualAxis: custom:ConsultantMember |
AsOf2017-04-11 |
2017-04-11 |
0001445942 |
|
AsOf2017-02-28_custom_MineralProperty2Member |
2017-02-28 |
0001445942 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis:
custom:MineralProperty2Member |
AsOf2017-02-28_custom_MineralProperty3Member |
2017-02-28 |
0001445942 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis:
custom:MineralProperty3Member |
AsOf2017-02-28_custom_MineralProperty4Member |
2017-02-28 |
0001445942 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis:
custom:MineralProperty4Member |
AsOf2017-02-28_custom_MineralProperty6Member |
2017-02-28 |
0001445942 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis:
custom:MineralProperty6Member |
AsOf2017-02-28_custom_MineralProperty7Member |
2017-02-28 |
0001445942 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis:
custom:MineralProperty7Member |
AsOf2017-02-28_custom_MineralProperty8Member |
2017-02-28 |
0001445942 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis:
custom:MineralProperty8Member |
I2011-09-02_RoundTopProjectMember_MiningPropertiesAndMineralRightsMember |
2011-09-02 |
0001445942 |
us-gaap:CounterpartyNameAxis:
custom:RoundTopProjectMember us-gaap:PropertyPlantAndEquipmentByTypeAxis:
us-gaap:MiningPropertiesAndMineralRightsMember |
D2011-08-02_To_2011-09-02_RoundTopProjectMember_MiningPropertiesAndMineralRightsMember |
2011-08-02 - 2011-09-02 |
0001445942 |
us-gaap:CounterpartyNameAxis:
custom:RoundTopProjectMember us-gaap:PropertyPlantAndEquipmentByTypeAxis:
us-gaap:MiningPropertiesAndMineralRightsMember |
D2011-10-01_To_2011-11-01_RoundTopProject1Member_MiningPropertiesAndMineralRights1Member |
2011-10-01 - 2011-11-01 |
0001445942 |
us-gaap:CounterpartyNameAxis:
custom:RoundTopProject1Member us-gaap:PropertyPlantAndEquipmentByTypeAxis:
custom:MiningPropertiesAndMineralRights1Member |
I2011-11-01_RoundTopProject1Member_MiningPropertiesAndMineralRights1Member |
2011-11-01 |
0001445942 |
us-gaap:CounterpartyNameAxis:
custom:RoundTopProject1Member us-gaap:PropertyPlantAndEquipmentByTypeAxis:
custom:MiningPropertiesAndMineralRights1Member |
From2016-08-01to2016-08-31_custom_RoundTopProjectMember_us-gaap_MiningPropertiesAndMineralRightsMember |
2016-08-01 - 2016-08-31 |
0001445942 |
us-gaap:CounterpartyNameAxis:
custom:RoundTopProjectMember us-gaap:PropertyPlantAndEquipmentByTypeAxis:
us-gaap:MiningPropertiesAndMineralRightsMember |
From2016-10-01to2016-10-31_custom_RoundTopProject1Member_custom_MiningPropertiesAndMineralRights1Member |
2016-10-01 - 2016-10-31 |
0001445942 |
us-gaap:CounterpartyNameAxis:
custom:RoundTopProject1Member us-gaap:PropertyPlantAndEquipmentByTypeAxis:
custom:MiningPropertiesAndMineralRights1Member |
D2013-02-06_To_2013-03-06_HudspethCountyTXMember_MiningPropertiesAndMineralRights2Member |
2013-02-06 - 2013-03-06 |
0001445942 |
us-gaap:CounterpartyNameAxis:
custom:HudspethCountyTXMember us-gaap:PropertyPlantAndEquipmentByTypeAxis:
custom:MiningPropertiesAndMineralRights2Member |
D2014-10-01_To_2014-10-31_WaterLeaseMember |
2014-10-01 - 2014-10-31 |
0001445942 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis:
custom:WaterLeaseMember |
I2014-10-31_WaterLeaseMember |
2014-10-31 |
0001445942 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis:
custom:WaterLeaseMember |
AsOf2016-07-01_custom_DirectorLoanOneMember |
2016-07-01 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanOneMember |
From2016-06-29to2016-07-01_custom_DirectorLoanOneMember |
2016-06-29 - 2016-07-01 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanOneMember |
From2016-12-01to2017-02-28 |
2016-12-01 - 2017-02-28 |
0001445942 |
|
From2015-12-01to2016-02-29 |
2015-12-01 - 2016-02-29 |
0001445942 |
|
AsOf2014-10-31_custom_MiningPropertiesAndMineralRights2Member |
2014-10-31 |
0001445942 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis:
custom:MiningPropertiesAndMineralRights2Member |
From2016-06-01to2016-06-28_custom_PagnottiEnterprisesMember |
2016-06-01 - 2016-06-28 |
0001445942 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis:
custom:PagnottiEnterprisesMember |
AsOf2016-06-28_custom_PagnottiEnterprisesMember |
2016-06-28 |
0001445942 |
us-gaap:PropertyPlantAndEquipmentByTypeAxis:
custom:PagnottiEnterprisesMember |
AsOf2017-02-28_custom_FoundationLeaseNoteMember |
2017-02-28 |
0001445942 |
us-gaap:DebtInstrumentAxis:
custom:FoundationLeaseNoteMember |
AsOf2013-03-06_custom_FoundationLeaseNoteMember |
2013-03-06 |
0001445942 |
us-gaap:DebtInstrumentAxis:
custom:FoundationLeaseNoteMember |
From2013-03-05to2013-03-06_custom_FoundationLeaseNoteMember |
2013-03-05 - 2013-03-06 |
0001445942 |
us-gaap:DebtInstrumentAxis:
custom:FoundationLeaseNoteMember |
AsOf2017-02-28_custom_DirectorLoanOneMember |
2017-02-28 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanOneMember |
AsOf2016-08-31_custom_DirectorLoanOneMember |
2016-08-31 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanOneMember |
From2016-08-30to2016-09-02_custom_DirectorLoanTwoMember |
2016-08-30 - 2016-09-02 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanTwoMember |
AsOf2016-09-02_custom_DirectorLoanTwoMember |
2016-09-02 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanTwoMember |
AsOf2017-02-28_custom_DirectorLoanTwoMember |
2017-02-28 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanTwoMember |
From2016-10-30to2016-11-01_custom_DirectorLoanThreeMember |
2016-10-30 - 2016-11-01 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanThreeMember |
AsOf2016-11-01_custom_DirectorLoanThreeMember |
2016-11-01 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanThreeMember |
From2016-10-30to2016-11-01_custom_DirectorLoanFourMember |
2016-10-30 - 2016-11-01 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanFourMember |
AsOf2016-11-01_custom_DirectorLoanFourMember |
2016-11-01 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanFourMember |
From2016-10-30to2016-11-01_custom_DirectorLoanFiveMember |
2016-10-30 - 2016-11-01 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanFiveMember |
AsOf2016-11-01_custom_DirectorLoanFiveMember |
2016-11-01 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanFiveMember |
AsOf2017-02-28_custom_DirectorLoanFiveMember |
2017-02-28 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanFiveMember |
AsOf2016-08-31_custom_DirectorLoanFiveMember |
2016-08-31 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanFiveMember |
From2016-12-11to2016-12-12_custom_DirectorLoanSixMember |
2016-12-11 - 2016-12-12 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanSixMember |
AsOf2016-12-12_custom_DirectorLoanSixMember |
2016-12-12 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanSixMember |
AsOf2017-02-28_custom_DirectorLoanSixMember |
2017-02-28 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanSixMember |
AsOf2016-08-31_custom_DirectorLoanSixMember |
2016-08-31 |
0001445942 |
us-gaap:DebtInstrumentAxis: custom:DirectorLoanSixMember |
From2017-01-11to2017-01-12_custom_DirectorOfficerLoansMember |
2017-01-11 - 2017-01-12 |
0001445942 |
us-gaap:DebtInstrumentAxis:
custom:DirectorOfficerLoansMember |
AsOf2017-01-12_custom_DirectorOfficerLoansMember |
2017-01-12 |
0001445942 |
us-gaap:DebtInstrumentAxis:
custom:DirectorOfficerLoansMember |
AsOf2017-02-28_custom_DirectorOfficerLoansMember |
2017-02-28 |
0001445942 |
us-gaap:DebtInstrumentAxis:
custom:DirectorOfficerLoansMember |
AsOf2016-08-31_custom_DirectorOfficerLoansMember |
2016-08-31 |
0001445942 |
us-gaap:DebtInstrumentAxis:
custom:DirectorOfficerLoansMember |
From2016-09-01to2017-02-28_us-gaap_DirectorMember |
2016-09-01 - 2017-02-28 |
0001445942 |
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis:
us-gaap:DirectorMember | |
(End Contexts) |
|
Elements |
|
|
|
|
|
|
|
|
|
Element |
Data Type |
Period Type |
Balance Type |
Custom |
custom:AmountOfLeasePaymentInDefault |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
Yes |
|
The amount of lease
payment in deafult at end of reporting period. |
|
custom:AnnualMinimumProductionPayment |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
Yes |
|
The amount of
annual production payment due per agreement. |
|
custom:CashPaidForLeaseAssignment |
xbrli:monetaryItemType |
|
Duration |
|
Credit |
|
Yes |
|
The cash outflow
for lease assignment. |
|
custom:ConsultantMember |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Consultant
[Member] |
|
custom:DirectorLoanFiveMember |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information by type
of debt instrument. |
|
custom:DirectorLoanFourMember |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information by type
of debt instrument. |
|
custom:DirectorLoanOneMember |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information by type
of debt instrument. |
|
custom:DirectorLoanSixMember |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information by type
of debt instrument. |
|
custom:DirectorLoanThreeMember |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information by type
of debt instrument. |
|
custom:DirectorLoanTwoMember |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information by type
of debt instrument. |
|
custom:DirectorOfficerLoansMember |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information by type
of debt instrument. |
|
custom:DocumentAndEntityInformationAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
Yes |
|
|
|
custom:FoundationLeaseNote1Member |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information by type
of debt instrument. |
|
custom:FoundationLeaseNoteMember |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information by type
of debt instrument. |
|
custom:GroundWaterLeaseAcres |
num:areaItemType |
|
Instant |
|
— |
|
Yes |
|
Number of acres of
gorund water lease. |
|
custom:HudspethCountyTXMember |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information
pertaining to leases held in Hudspeth County, TX. |
|
custom:LeaseBonus |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
Yes |
|
The value of a
lease bonus to be paid. |
|
custom:LeaseBonusDue |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
Yes |
|
Under terms of
mineral properties leases, the amount of lease bonus due to the
State of Texas upon the submission of a supplemental plan of
operations to conduct mining. |
|
custom:LeaseContractRoyaltyPercentage |
num:percentItemType |
|
Duration |
|
— |
|
Yes |
|
The royalty
percentage specified in the lease contract. |
|
custom:LeaseProductionPaymentAnnualAmount |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
Yes |
|
The annual amount
that will be paid as a production payment assuming this yields the
maximum amount. |
|
custom:MineralPropertiesPerAcreAmount |
xbrli:monetaryItemType |
|
Instant |
|
Debit |
|
Yes |
|
Lease amount, per
acre for mineral properties. |
|
custom:MineralPropertiesTotalLeaseAmount |
xbrli:monetaryItemType |
|
Instant |
|
Debit |
|
Yes |
|
Total lease amount
for mineral properties. |
|
custom:MineralProperty2Member |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information
pertaining to mineral property lease from August 17, 2015 -
2019. |
|
custom:MineralProperty3Member |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information
pertaining to mineral property lease from August 17, 2020 -
2024. |
|
custom:MineralProperty4Member |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information
pertaining to mineral property lease from August 17, 2025 -
2029. |
|
custom:MineralProperty6Member |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information
pertaining to mineral property lease from November 1, 2015 -
2019. |
|
custom:MineralProperty7Member |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information
pertaining to mineral property lease from November 1, 2020 -
2024. |
|
custom:MineralProperty8Member |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information
pertaining to mineral property lease from November 1, 2025 -
2029. |
|
custom:MinimumAdvanceRoyaltyDue |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
Yes |
|
Under terms of
mineral properties leases, the minimum advance royalty due to the
State of Texas upon the sale of minerals removed from Round
Top. |
|
custom:MiningLeaseAcres |
num:areaItemType |
|
Instant |
|
— |
|
Yes |
|
Number of acres of
mining lease. |
|
custom:MiningPropertiesAndMineralRights1Member |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Legal right to
explore, extract, and retain some or all portions of the benefits
from mining or mineral deposits and properties used for
mining. |
|
custom:MiningPropertiesAndMineralRights2Member |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Legal right to
explore, extract, and retain some or all portions of the benefits
from mining or mineral deposits and properties used for
mining. |
|
custom:NumberOfLoans |
xbrli:integerItemType |
|
Instant |
|
— |
|
Yes |
|
The number of
loans. |
|
custom:NumberOfPayment |
xbrli:integerItemType |
|
Instant |
|
— |
|
Yes |
|
The number of
payments. |
|
custom:PagnottiEnterprisesMember |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Legal right to
explore, extract, and retain some or all portions of the benefits
from mining or mineral deposits and properties used for
mining. |
|
custom:PaymentOfDelayRental |
xbrli:monetaryItemType |
|
Duration |
|
Credit |
|
Yes |
|
The cash outflow
for delay rental fee. |
|
custom:PaymentOfLeaseBonus |
xbrli:monetaryItemType |
|
Duration |
|
Credit |
|
Yes |
|
The cash outflow
for lease bonus. |
|
custom:PeriodicOptionAnnualPaymentDue |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
Yes |
|
The amount of
annual option payment payable per agreement. |
|
custom:ProductionPaymentAmountPerThousandGallons |
us-types:perUnitItemType |
|
Duration |
|
— |
|
Yes |
|
The amount per
every thousand gallons that will be paid as an annual production
payment, assuming the per gallon calculation yields the maximum
amount. |
|
custom:ProductionRoyaltyOfMarketValueOfOtherMinerals |
num:percentItemType |
|
Duration |
|
— |
|
Yes |
|
The percentage
production royalty of market value of other minerals removed and
sold from Round Top due to the State of Texas after the minimum
advance royalty is paid. |
|
custom:ProductionRoyaltyOfMarketValueOfUraniumAndFissionableMaterials |
num:percentItemType |
|
Duration |
|
— |
|
Yes |
|
The percentage
production royalty of market value of uranium and other fissionable
materials removed and sold from Round Top due to the State of Texas
after the minimum advance royalty is paid. |
|
custom:RoundTopProject1Member |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information
regarding mineral leases. |
|
custom:RoundTopProjectMember |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Information
regarding mineral leases. |
|
custom:ScheduleOfFutureMinimumLeasePaymentsForMineralPropertiesLeasedTabletextBlock |
nonnum:textBlockItemType |
|
Duration |
|
— |
|
Yes |
|
Tabular disclosure
of future minimum lease payments as of the date of the latest
balance sheet presented. |
|
custom:SurfaceRightsAcres |
num:areaItemType |
|
Instant |
|
— |
|
Yes |
|
Number of acres of
surface rights agreement. |
|
custom:WaterLeaseMember |
nonnum:domainItemType |
|
Duration |
|
— |
|
Yes |
|
Water Lease
[Member] |
|
dei:AmendmentFlag |
xbrli:booleanItemType |
|
Duration |
|
— |
|
|
|
If the value is
true, then the document is an amendment to previously-filed/accepted
document. |
|
dei:CurrentFiscalYearEndDate |
xbrli:gMonthDayItemType |
|
Duration |
|
— |
|
|
|
End date of current
fiscal year in the format --MM-DD. |
|
dei:DocumentFiscalPeriodFocus |
dei:fiscalPeriodItemType |
|
Duration |
|
— |
|
|
|
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. |
|
dei:DocumentFiscalYearFocus |
xbrli:gYearItemType |
|
Duration |
|
— |
|
|
|
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. |
|
dei:DocumentPeriodEndDate |
xbrli:dateItemType |
|
Duration |
|
— |
|
|
|
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. |
|
dei:DocumentType |
dei:submissionTypeItemType |
|
Duration |
|
— |
|
|
|
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". |
|
dei:EntityCentralIndexKey |
dei:centralIndexKeyItemType |
|
Duration |
|
— |
|
|
|
A unique 10-digit
SEC-issued value to identify entities that have filed disclosures
with the SEC. It is commonly abbreviated as CIK. |
|
dei:EntityCommonStockSharesOutstanding |
xbrli:sharesItemType |
|
Instant |
|
— |
|
|
|
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. |
|
dei:EntityCurrentReportingStatus |
dei:yesNoItemType |
|
Duration |
|
— |
|
|
|
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. |
|
dei:EntityFilerCategory |
dei:filerCategoryItemType |
|
Duration |
|
— |
|
|
|
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. |
|
dei:EntityRegistrantName |
xbrli:normalizedStringItemType |
|
Duration |
|
— |
|
|
|
The exact name of
the entity filing the report as specified in its charter, which is
required by forms filed with the SEC. |
|
dei:EntityVoluntaryFilers |
dei:yesNoItemType |
|
Duration |
|
— |
|
|
|
Indicate "Yes" or
"No" if the registrant is not required to file reports pursuant to
Section 13 or Section 15(d) of the Act. |
|
dei:EntityWellKnownSeasonedIssuer |
dei:yesNoItemType |
|
Duration |
|
— |
|
|
|
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. |
|
us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
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. |
|
us-gaap:AccountsPayableRelatedPartiesCurrent |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
Amount for accounts
payable to related parties. Used to reflect the current portion of
the liabilities (due within one year or within the normal operating
cycle if longer). |
|
us-gaap:AdditionalPaidInCapital |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
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. |
|
us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:AmortizationOfDebtDiscountPremium |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
Amount of noncash
expense included in interest expense to amortize debt discount and
premium associated with the related debt instruments. Excludes
amortization of financing costs. Alternate captions include noncash
interest expense. |
|
us-gaap:Assets |
xbrli:monetaryItemType |
|
Instant |
|
Debit |
|
|
|
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. |
|
us-gaap:AssetsAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:AssetsCurrent |
xbrli:monetaryItemType |
|
Instant |
|
Debit |
|
|
|
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. |
|
us-gaap:AssetsCurrentAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock |
nonnum:textBlockItemType |
|
Duration |
|
— |
|
|
|
The entire
disclosure for the business description and basis of presentation
concepts. Business description describes the nature and type of
organization including but not limited to organizational structure
as may be applicable to holding companies, parent and subsidiary
relationships, business divisions, business units, business
segments, affiliates and information about significant ownership of
the reporting entity. Basis of presentation describes the underlying
basis used to prepare the financial statements (for example, US
Generally Accepted Accounting Principles, Other Comprehensive Basis
of Accounting, IFRS). |
|
us-gaap:CashAndCashEquivalentsAtCarryingValue |
xbrli:monetaryItemType |
|
Instant |
|
Debit |
|
|
|
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. |
|
us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
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. |
|
us-gaap:CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 |
num:perShareItemType |
|
Instant |
|
— |
|
|
|
Exercise price per
share or per unit of warrants or rights outstanding. |
|
us-gaap:CommitmentsAndContingencies |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
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. |
|
us-gaap:CommonStockParOrStatedValuePerShare |
num:perShareItemType |
|
Instant |
|
— |
|
|
|
Face amount or
stated value per share of common stock. |
|
us-gaap:CommonStockSharesAuthorized |
xbrli:sharesItemType |
|
Instant |
|
— |
|
|
|
The maximum number
of common shares permitted to be issued by an entity's charter and
bylaws. |
|
us-gaap:CommonStockSharesIssued |
xbrli:sharesItemType |
|
Instant |
|
— |
|
|
|
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. |
|
us-gaap:CommonStockSharesOutstanding |
xbrli:sharesItemType |
|
Instant |
|
— |
|
|
|
Number of shares of
common stock outstanding. Common stock represent the ownership
interest in a corporation. |
|
us-gaap:CommonStockValue |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
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. |
|
us-gaap:CounterpartyNameAxis |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
Information by name
of counterparty. A counterparty is the other party that participates
in a financial transaction. Examples include, but not limited to,
the name of the financial institution. |
|
us-gaap:DebtConversionConvertedInstrumentAmount1 |
xbrli:monetaryItemType |
|
Duration |
|
Credit |
|
|
|
The value of the
financial instrument(s) that the original debt is being converted
into in a noncash (or part noncash) transaction. "Part noncash"
refers to that portion of the transaction not resulting in cash
receipts or cash payments in the period. |
|
us-gaap:DebtDisclosureAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:DebtDisclosureTextBlock |
nonnum:textBlockItemType |
|
Duration |
|
— |
|
|
|
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. |
|
us-gaap:DebtInstrumentAxis |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
Information by type
of debt instrument, including, but not limited to, draws against
credit facilities. |
|
us-gaap:DebtInstrumentFaceAmount |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
Face (par) amount
of debt instrument at time of issuance. |
|
us-gaap:DebtInstrumentInterestRateStatedPercentage |
num:percentItemType |
|
Instant |
|
— |
|
|
|
Contractual
interest rate for funds borrowed, under the debt
agreement. |
|
us-gaap:DebtInstrumentLineItems |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
Line items
represent financial concepts included in a table. These concepts are
used to disclose reportable information associated with domain
members defined in one or many axes to the table. |
|
us-gaap:DebtInstrumentMaturityDate |
xbrli:dateItemType |
|
Duration |
|
— |
|
|
|
Date when the debt
instrument is scheduled to be fully repaid, in CCYY-MM-DD
format. |
|
us-gaap:DebtInstrumentNameDomain |
nonnum:domainItemType |
|
Duration |
|
— |
|
|
|
The name for the
particular debt instrument or borrowing that distinguishes it from
other debt instruments or borrowings, including draws against credit
facilities. |
|
us-gaap:DebtInstrumentPeriodicPayment |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
Amount of the
required periodic payments including both interest and principal
payments. |
|
us-gaap:DebtInstrumentTable |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
A table or schedule
providing information pertaining to long-term debt instruments or
arrangements, including identification, terms, features, collateral
requirements and other information necessary to a fair presentation.
These are debt arrangements that originally required repayment more
than twelve months after issuance or greater than the normal
operating cycle of the company, if longer. |
|
us-gaap:DebtInstrumentTerm |
xbrli:durationItemType |
|
Duration |
|
— |
|
|
|
Period of time
between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS'
format, for example, 'P1Y5M13D' represents the reported fact of one
year, five months, and thirteen days. |
|
us-gaap:DebtInstrumentUnamortizedDiscount |
xbrli:monetaryItemType |
|
Instant |
|
Debit |
|
|
|
Amount, after
accumulated amortization, of debt discount. |
|
us-gaap:DepositsAssetsNoncurrent |
xbrli:monetaryItemType |
|
Instant |
|
Debit |
|
|
|
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. |
|
us-gaap:Depreciation |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
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. |
|
us-gaap:DerivativeLiabilities |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
Fair value, after
the effects of master netting arrangements, of a financial liability
or contract with one or more underlyings, notional amount or payment
provision or both, and the contract can be net settled by means
outside the contract or delivery of an asset. Includes liabilities
not subject to a master netting arrangement and not elected to be
offset. |
|
us-gaap:DirectorMember |
nonnum:domainItemType |
|
Duration |
|
— |
|
|
|
Person serving on
the board of directors (who collectively have responsibility for
governing the entity). |
|
us-gaap:EarningsPerShareBasicAndDiluted |
num:perShareItemType |
|
Duration |
|
— |
|
|
|
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. |
|
us-gaap:EarningsPerShareBasicAndDilutedAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:EquityAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:ExplorationExpenseMining |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
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. |
|
us-gaap:GainLossOnDispositionOfAssets |
xbrli:monetaryItemType |
|
Duration |
|
Credit |
|
|
|
Amount of gain
(loss) on sale or disposal of property, plant and equipment assets,
excluding oil and gas property and timber property. |
|
us-gaap:GeneralAndAdministrativeExpense |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
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. |
|
us-gaap:IncomeStatementAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:IncomeTaxesPaid |
xbrli:monetaryItemType |
|
Duration |
|
Credit |
|
|
|
The amount of cash
paid during the current period to foreign, federal, state, and local
authorities as taxes on income. |
|
us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
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. |
|
us-gaap:IncreaseDecreaseInAccountsPayableRelatedParties |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
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. |
|
us-gaap:IncreaseDecreaseInOperatingCapitalAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
xbrli:monetaryItemType |
|
Duration |
|
Credit |
|
|
|
Amount of increase
(decrease) in prepaid expenses, and assets classified as
other. |
|
us-gaap:InterestAndOtherIncome |
xbrli:monetaryItemType |
|
Duration |
|
Credit |
|
|
|
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). |
|
us-gaap:InterestPaid |
xbrli:monetaryItemType |
|
Duration |
|
Credit |
|
|
|
The amount of cash
paid for interest during the period. |
|
us-gaap:InterestPayableCurrentAndNoncurrent |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
Amount of interest
payable on debt, including, but not limited to, trade
payables. |
|
us-gaap:IssuanceOfStockAndWarrantsForServicesOrClaims |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
Fair value of
share-based compensation granted to nonemployees as payment for
services rendered or acknowledged claims. |
|
us-gaap:Liabilities |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
Sum of the carrying
amounts as of the balance sheet date of all liabilities that are
recognized. Liabilities are probable future sacrifices of economic
benefits arising from present obligations of an entity to transfer
assets or provide services to other entities in the
future. |
|
us-gaap:LiabilitiesAndStockholdersEquity |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
Amount of
liabilities and equity items, including the portion of equity
attributable to noncontrolling interests, if any. |
|
us-gaap:LiabilitiesAndStockholdersEquityAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:LiabilitiesCurrent |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
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. |
|
us-gaap:LiabilitiesCurrentAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:MineralIndustriesDisclosuresAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:MineralIndustriesDisclosuresTextBlock |
nonnum:textBlockItemType |
|
Duration |
|
— |
|
|
|
The entire
disclosure for mineral industries. |
|
us-gaap:MineralPropertiesNet |
xbrli:monetaryItemType |
|
Instant |
|
Debit |
|
|
|
Mineral properties,
net of adjustments. |
|
us-gaap:MiningPropertiesAndMineralRightsMember |
nonnum:domainItemType |
|
Duration |
|
— |
|
|
|
Legal right to
explore, extract, and retain some or all portions of the benefits
from mining or mineral deposits and properties used for
mining. |
|
us-gaap:NetCashProvidedByUsedInFinancingActivitiesAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
Amount of cash
inflow (outflow) of financing activities, excluding 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. |
|
us-gaap:NetCashProvidedByUsedInInvestingActivitiesAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
Amount of cash
inflow (outflow) of investing activities, excluding 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. |
|
us-gaap:NetCashProvidedByUsedInOperatingActivitiesAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
xbrli:monetaryItemType |
|
Duration |
|
— |
|
|
|
Amount of cash
inflow (outflow) from operating activities, excluding discontinued
operations. Operating activity cash flows include transactions,
adjustments, and changes in value not defined as investing or
financing activities. |
|
us-gaap:NetIncomeLoss |
xbrli:monetaryItemType |
|
Duration |
|
Credit |
|
|
|
The portion of
profit or loss for the period, net of income taxes, which is
attributable to the parent. |
|
us-gaap:NonoperatingIncomeExpense |
xbrli:monetaryItemType |
|
Duration |
|
Credit |
|
|
|
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). |
|
us-gaap:NonoperatingIncomeExpenseAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:NotesPayableCurrent |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
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. |
|
us-gaap:NotesPayableFairValueDisclosure |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
Fair value portion
of notes payable. |
|
us-gaap:NotesPayableRelatedPartiesClassifiedCurrent |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
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). |
|
us-gaap:OperatingExpenses |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
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. |
|
us-gaap:OperatingExpensesAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:OperatingIncomeLoss |
xbrli:monetaryItemType |
|
Duration |
|
Credit |
|
|
|
The net result for
the period of deducting operating expenses from operating
revenues. |
|
us-gaap:OperatingLeasesFutureMinimumPaymentsDue |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
Amount of required
minimum rental payments for leases having an initial or remaining
non-cancelable letter-terms in excess of one year. |
|
us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:OtherNonoperatingExpense |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
Amount of expense
related to nonoperating activities, classified as other. |
|
us-gaap:OtherSignificantNoncashTransactionValueOfConsiderationReceived1 |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
The value of the
noncash (or part noncash) consideration received in a transaction.
Noncash is defined as transactions during a period that do not
result in cash receipts or cash payments in the period. "Part
noncash" refers to that portion of a transaction not resulting in
cash receipts or cash payments in the period. |
|
us-gaap:PaymentsToAcquireMiningAssets |
xbrli:monetaryItemType |
|
Duration |
|
Credit |
|
|
|
The cash outflow
from the purchase of mining and mining related assets during the
period. |
|
us-gaap:PreferredStockParOrStatedValuePerShare |
num:perShareItemType |
|
Instant |
|
— |
|
|
|
Face amount or
stated value per share of preferred stock nonredeemable or
redeemable solely at the option of the issuer. |
|
us-gaap:PreferredStockSharesAuthorized |
xbrli:sharesItemType |
|
Instant |
|
— |
|
|
|
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. |
|
us-gaap:PreferredStockSharesIssued |
xbrli:sharesItemType |
|
Instant |
|
— |
|
|
|
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. |
|
us-gaap:PreferredStockSharesOutstanding |
xbrli:sharesItemType |
|
Instant |
|
— |
|
|
|
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. |
|
us-gaap:PreferredStockValue |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
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. |
|
us-gaap:PrepaidExpenseAndOtherAssetsCurrent |
xbrli:monetaryItemType |
|
Instant |
|
Debit |
|
|
|
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. |
|
us-gaap:ProceedsFromIssuanceOfCommonStock |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
The cash inflow
from the additional capital contribution to the entity. |
|
us-gaap:ProceedsFromIssuanceOfLongTermDebt |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
The cash inflow
from a debt initially having maturity due after one year or beyond
the operating cycle, if longer. |
|
us-gaap:ProceedsFromRelatedPartyDebt |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
The cash inflow
from a long-term borrowing made from related parties where one party
can exercise control or significant influence over another party;
including affiliates, owners or officers and their immediate
families, pension trusts, and so forth. Alternate caption: Proceeds
from Advances from Affiliates. |
|
us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
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. |
|
us-gaap:PropertyPlantAndEquipmentByTypeAxis |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
Information by type
of long-lived, physical assets used to produce goods and services
and not intended for resale. |
|
us-gaap:PropertyPlantAndEquipmentNet |
xbrli:monetaryItemType |
|
Instant |
|
Debit |
|
|
|
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. |
|
us-gaap:PropertyPlantAndEquipmentTypeDomain |
nonnum:domainItemType |
|
Duration |
|
— |
|
|
|
Listing of
long-lived, physical assets that are used in the normal conduct of
business to produce goods and services and not intended for resale.
Examples include land, buildings, machinery and equipment, and other
types of furniture and equipment including, but not limited to,
office equipment, furniture and fixtures, and computer equipment and
software. |
|
us-gaap:RelatedPartyDomain |
nonnum:domainItemType |
|
Duration |
|
— |
|
|
|
Related parties
include affiliates; other entities for which investments are
accounted for by the equity method by the entity; trusts for benefit
of employees; and principal owners, management, and members of
immediate families. It also may include other parties with which the
entity may control or can significantly influence the management or
operating policies of the other to an extent that one of the
transacting parties might be prevented from fully pursuing its own
separate interests. |
|
us-gaap:RelatedPartyTransactionAmountsOfTransaction |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
Amount of
transactions with related party during the financial reporting
period. |
|
us-gaap:RelatedPartyTransactionsAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:RelatedPartyTransactionsByRelatedPartyAxis |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
Information by type
of related party. Related parties include, but not limited to,
affiliates; other entities for which investments are accounted for
by the equity method by the entity; trusts for benefit of employees;
and principal owners, management, and members of immediate families.
It also may include other parties with which the entity may control
or can significantly influence the management or operating policies
of the other to an extent that one of the transacting parties might
be prevented from fully pursuing its own separate
interests. |
|
us-gaap:RelatedPartyTransactionsDisclosureTextBlock |
nonnum:textBlockItemType |
|
Duration |
|
— |
|
|
|
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. |
|
us-gaap:RepaymentsOfNotesPayable |
xbrli:monetaryItemType |
|
Duration |
|
Credit |
|
|
|
The cash outflow
for a borrowing supported by a written promise to pay an
obligation. |
|
us-gaap:RepurchaseAgreementCounterpartyNameDomain |
nonnum:domainItemType |
|
Duration |
|
— |
|
|
|
Named other party
that participates in a financial transaction. Examples include, but
not limited to, the name of the financial institution. |
|
us-gaap:RetainedEarningsAccumulatedDeficit |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
The cumulative
amount of the reporting entity's undistributed earnings or
deficit. |
|
us-gaap:ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
Components of an
equity-based arrangement under which compensation is awarded to
employees, typically comprised of compensation expense; changes in
the quantity and fair value of the shares (or other type of equity)
granted, exercised, forfeited, and issued and outstanding pertaining
to that plan; and cash flow effects resulting from the equity-based
payment arrangement. Component disclosures are by type of award and
plan name. |
|
us-gaap:ShareBasedCompensation |
xbrli:monetaryItemType |
|
Duration |
|
Debit |
|
|
|
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. |
|
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
Line items
represent financial concepts included in a table. These concepts are
used to disclose reportable information associated with domain
members defined in one or many axes to the table. |
|
us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted |
xbrli:sharesItemType |
|
Duration |
|
— |
|
|
|
Net number of
non-option equity instruments granted to participants. |
|
us-gaap:ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedDividendRate |
num:percentItemType |
|
Duration |
|
— |
|
|
|
The estimated
dividend rate (a percentage of the share price) to be paid (expected
dividends) to holders of the underlying shares over the expected
term of a nonvested share or option award issued to other than an
employee. |
|
us-gaap:ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedTerm1 |
xbrli:durationItemType |
|
Duration |
|
— |
|
|
|
Period an
equity-based award is expected to be outstanding, in
'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the
reported fact of one year, five months, and thirteen days. |
|
us-gaap:ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedVolatilityRate |
num:percentItemType |
|
Duration |
|
— |
|
|
|
The estimated
measure of the percentage amount by which a share price is expected
to fluctuate during the expected term of a nonvested share or option
award issued to other than an employee. |
|
us-gaap:ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodRiskFreeInterestRate |
num:percentItemType |
|
Duration |
|
— |
|
|
|
The risk-free
interest rate assumption that is used in valuing a nonvested share
or option award issued to other than an employee. |
|
us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1 |
xbrli:durationItemType |
|
Duration |
|
— |
|
|
|
Weighted average
remaining contractual term for vested portions of options
outstanding and currently exercisable or convertible, in
'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the
reported fact of one year, five months, and thirteen days. |
|
us-gaap:StatementLineItems |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
Line items
represent financial concepts included in a table. These concepts are
used to disclose reportable information associated with domain
members defined in one or many axes to the table. |
|
us-gaap:StatementOfCashFlowsAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:StatementOfFinancialPositionAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:StatementTable |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
Schedule reflecting
a Statement of Income, Statement of Cash Flows, Statement of
Financial Position, Statement of Shareholders' Equity and Other
Comprehensive Income, or other statement as needed. |
|
us-gaap:StockIssuedDuringPeriodSharesIssuedForServices |
xbrli:sharesItemType |
|
Duration |
|
— |
|
|
|
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. |
|
us-gaap:StockIssuedDuringPeriodSharesOther |
xbrli:sharesItemType |
|
Duration |
|
— |
|
|
|
Number of shares of
stock issued attributable to transactions classified as
other. |
|
us-gaap:StockholdersEquity |
xbrli:monetaryItemType |
|
Instant |
|
Credit |
|
|
|
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. |
|
us-gaap:StockholdersEquityAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:StockholdersEquityNoteDisclosureTextBlock |
nonnum:textBlockItemType |
|
Duration |
|
— |
|
|
|
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. |
|
us-gaap:SupplementalCashFlowInformationAbstract |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
|
|
us-gaap:TitleOfIndividualAxis |
xbrli:stringItemType |
|
Duration |
|
— |
|
|
|
Information by
title of individual or nature of relationship to individual or group
of individuals. |
|
us-gaap:TitleOfIndividualWithRelationshipToEntityDomain |
nonnum:domainItemType |
|
Duration |
|
— |
|
|
|
Title of
individual, or nature of relationship to individual or group of
individuals. |
|
us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted |
xbrli:sharesItemType |
|
Duration |
|
— |
|
|
|
Average number of
shares or units issued and outstanding that are used in calculating
basic and diluted earnings per share (EPS). |
|
Total Elements |
|
186 |
Total Non-Abstract Elements |
|
121 |
Total Extension Elements |
|
46 |
Percent Extended |
|
24% |
Percent Extended (excluding abstracts) |
|
19% |
Total Facts |
|
268 | |
(End
Elements) |