10-Q Filing

LUSTROS INC. CIK: 922011 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001019687-12-004011`
Period End Date	20120930
Filing Date	20121114
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	lsld-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 31 Income Statement 38 Cash Flow Statement 33

Balance Sheet 31 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$248.66K	USD	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$887.35K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.14M	USD	Point-in-time
Preferred stock, Issued	`PreferredStockSharesIssued`	175,000.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	175,000.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Fixed asset, net	`PropertyPlantAndEquipmentNet`	$5.03M	USD	Point-in-time
Mining property	`MiningProperty`	$3.78M	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	70.75M	shares	Point-in-time
Land	`Land`	$595.14K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$9.41M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	70.75M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$10.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$654.94K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$465.17K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$1.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.31M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligation`	$791.81K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$791.81K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.10M	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 175,000 issued and outstanding	`PreferredStockValue`	$175.00	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 70,754,821 issued and outstanding	`CommonStockValue`	$70.75K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.09M	USD	Point-in-time
Minority interest	`MinorityInterest`	$2.31M	USD	Point-in-time
Other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.33M	USD	Point-in-time
Net income/loss accumulated during development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$2.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.45M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$10.55M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$54.90K	USD	3 Qtrs
Revenue	`Revenues`	$2.96K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$54.90K	USD	3 Qtrs
Gross profit	`GrossProfit`	$2.96K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.64M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$725.28K	USD	1 Quarter
Depreciation	`Depreciation`	$25.89K	USD	1 Quarter
Depreciation	`Depreciation`	$57.82K	USD	3 Qtrs
Payroll	`SalariesWagesAndOfficersCompensation`	$1.05M	USD	3 Qtrs
Payroll	`SalariesWagesAndOfficersCompensation`	$419.73K	USD	1 Quarter
Legal and accounting	`ProfessionalFees`	$489.72K	USD	3 Qtrs
Legal and accounting	`ProfessionalFees`	$389.77K	USD	1 Quarter
Mining costs	`ExplorationCosts`	$58.21K	USD	1 Quarter
Mining costs	`ExplorationCosts`	$127.57K	USD	3 Qtrs
Research & development	`ResearchAndDevelopmentExpense`	$4.24K	USD	3 Qtrs
Research & development	`ResearchAndDevelopmentExpense`	$557.00	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.62M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$3.36M	USD	3 Qtrs
Loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.31M	USD	3 Qtrs
Loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.62M	USD	1 Quarter
Other loss	`OtherNonoperatingGainsLosses`	$-2.86K	USD	1 Quarter
Other loss	`OtherNonoperatingGainsLosses`	$-4.02K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-1.62M	USD	1 Quarter
Net loss	`ProfitLoss`	$-3.31M	USD	3 Qtrs
Net loss attributable to Minority Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-953.75K	USD	3 Qtrs
Net loss attributable to Minority Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-430.18K	USD	1 Quarter
Net loss attributable to Lustros, Inc.	`NetIncomeLoss`	$-1.19M	USD	1 Quarter
Net loss attributable to Lustros, Inc.	`NetIncomeLoss`	$-2.36M	USD	3 Qtrs
Income per share, basic	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average common shares, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	70.58M	shares	1 Quarter
Net loss	`ProfitLoss`	$-1.62M	USD	1 Quarter
Net loss	`ProfitLoss`	$-3.31M	USD	3 Qtrs
Gain on foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$1.33M	USD	3 Qtrs
Gain on foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$1.11M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.98M	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-506.65K	USD	1 Quarter

Cash Flow Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.62M	USD	1 Quarter
Net loss	`ProfitLoss`	$-3.31M	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$57.82K	USD	3 Qtrs
Accrued interest included in notes payable	`IncreaseDecreaseInInterestPayableNet`	$5.73K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$998.34K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-122.80K	USD	3 Qtrs
Total cash used by operations	`NetCashProvidedByUsedInOperatingActivities`	$-2.37M	USD	3 Qtrs
Funds received in Bluestone SA acquisition	`FundsReceivedInBluestoneSaAcquisition`	$892.29K	USD	3 Qtrs
Funds received in Power Save merger	`FundsReceivedInPowerSaveMerger`	$38.57K	USD	3 Qtrs
Disposal of Power Save operations	`DisposalOfPowerSaveOperations`	$20.64K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.10M	USD	3 Qtrs
Total cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-191.19K	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$79.45K	USD	3 Qtrs
Repayment of notes payable in cash	`RepaymentsOfNotesPayable`	$707.48K	USD	3 Qtrs
Proceeds from notes payable,related party	`ProceedsFromRelatedPartyDebt`	$2.91M	USD	3 Qtrs
Repayment of notes payable, related party	`RepaymentsOfRelatedPartyDebt`	$1.73M	USD	3 Qtrs
Stock sales	`ProceedsFromIssuanceOrSaleOfEquity`	$1.92M	USD	3 Qtrs
Total cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.48M	USD	3 Qtrs
Effect of foreign currency exchange rate	`EffectOfExchangeRateOnCashAndCashEquivalents`	$333.26K	USD	3 Qtrs
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$248.66K	USD	3 Qtrs
BEGINNING CASH	`CashAndCashEquivalentsAtCarryingValue`	$248.66K	USD	Point-in-time
BEGINNING CASH	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
ENDING CASH	`CashAndCashEquivalentsAtCarryingValue`	$248.66K	USD	Point-in-time
ENDING CASH	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Interest paid	`InterestPaid`	$-4.02K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Common stock issued to satisfy notes payable	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.53M	USD	3 Qtrs
Net assets acquired in reverse merger with Power Save	`NetAssetsAcquiredInReverseMergerWithPowerSave`	$63.21K	USD	3 Qtrs
Net assets acquired in Sulfatos Chile acquisition	`NetAssetsAcquiredInSulfatosChileAcquisition`	$-5.07M	USD	3 Qtrs
Net assets disposed of in Power Save sale	`NetAssetsDisposedOfInPowerSaveSale`	$-62.14K	USD	3 Qtrs
Effect of reverse merger with Power Save	`EffectOfReverseMergerWithPowerSave`	$-24.64K	USD	3 Qtrs
Contributed capital in Sulfatos Chile acquisition	`ContributedCapitalInSulfatosChileAcquisition`	$2.70M	USD	3 Qtrs
Contributed capital on Power Save sale	`ContributedCapitalOnPowerSaveSale`	$41.50K	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.