10-K Filing

LUSTROS INC. CIK: 922011 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001019687-13-001368`
Period End Date	20121231
Filing Date	20130416
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	lsts-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 37 Income Statement 17 Cash Flow Statement 37 Stockholders Equity 12 Comprehensive Income 3

Balance Sheet 37 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$277.56K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Other receivables	`OtherReceivables`	$102.00	USD	Point-in-time
Preferred stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$224.78K	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventory	`InventoryGross`	$142.38K	USD	Point-in-time
VAT tax receivable	`IncomeTaxReceivable`	$573.54K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.22M	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	88.37M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	88.37M	shares	Point-in-time
Fixed asset, net	`PropertyPlantAndEquipmentNet`	$4.65M	USD	Point-in-time
Mining property	`MiningProperty`	$3.72M	USD	Point-in-time
Unamortized discount	`DebtInstrumentUnamortizedDiscount`	$141.41K	USD	Point-in-time
Land	`Land`	$585.04K	USD	Point-in-time
Congo right to use	`CongoRightToUse`	$360.00K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$9.31M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$10.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.00M	USD	Point-in-time
Convertible note payable, net of $141,411 in unamortized discount	`ConvertibleLongTermNotesPayable`	$205.59K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$684.29K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$1.83M	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$3.72M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligation`	$396.47K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$396.47K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.11M	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 88,369,618 issued and outstanding	`CommonStockValue`	$88.37K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.23M	USD	Point-in-time
Minority interest	`MinorityInterest`	$2.01M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.22M	USD	Point-in-time
Deficit accumulated during development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$3.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.42M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$10.53M	USD	Point-in-time

Income Statement 17 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$54.90K	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	Annual
Gross profit	`GrossProfit`	$54.90K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.05M	USD	Annual
Depreciation	`Depreciation`	$85.71K	USD	Annual
Payroll	`SalariesWagesAndOfficersCompensation`	$1.44M	USD	Annual
Legal and accounting	`ProfessionalFees`	$528.48K	USD	Annual
Mining costs	`ExplorationCosts`	$187.75K	USD	Annual
Research & development	`ResearchAndDevelopmentExpense`	$76.87K	USD	Annual
Total operating expenses	`OperatingExpenses`	$4.37M	USD	Annual
Loss from continued operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.32M	USD	Annual
Interest expense	`InterestExpense`	$71.32K	USD	Annual
Net loss	`ProfitLoss`	$-4.39M	USD	Annual
Net loss attributable to Minority Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.26M	USD	Annual
Net loss attributable to Lustros, Inc.	`NetIncomeLoss`	$-3.13M	USD	Annual
Loss per share, basic	`EarningsPerShareBasic`	$-0.07	USD	Annual
Weighted average common shares, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.97M	shares	Annual

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-4.39M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$85.71K	USD	Annual
Amortization of original issued discount	`AmortizationOfDebtDiscountPremium`	$65.59K	USD	Annual
Increase in accrued interest included in notes payable	`IncreaseDecreaseInInterestPayableNet`	$5.73K	USD	Annual
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-176.25K	USD	Annual
Increase in asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$14.86K	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$933.70K	USD	Annual
Total cash from operations	`NetCashProvidedByUsedInOperatingActivities`	$-3.46M	USD	Annual
Cash received in acquisition of Sulfatos Chile by Bluestone	`CashAcquiredFromAcquisition`	$892.29K	USD	Annual
Cash received in Power Save merger	`CashReceivedInPowerSaveMerger`	$38.57K	USD	Annual
Disposal of Power Save operations	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$20.64K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$830.68K	USD	Annual
Total cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$79.55K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$79.45K	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	$46.26K	USD	Annual
Proceeds from notes payable,related party	`ProceedsFromRelatedPartyDebt`	$3.11M	USD	Annual
Repayment of notes payable, related party	`RepaymentsOfRelatedPartyDebt`	$1.39M	USD	Annual
Proceeds from the issuance of stock	`ProceedsFromIssuanceOrSaleOfEquity`	$1.92M	USD	Annual
Total cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.68M	USD	Annual
Effect if foreign currency exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-24.44K	USD	Annual
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$277.56K	USD	Annual
BEGINNING CASH	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
BEGINNING CASH	`CashAndCashEquivalentsAtCarryingValue`	$277.56K	USD	Point-in-time
ENDING CASH	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
ENDING CASH	`CashAndCashEquivalentsAtCarryingValue`	$277.56K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Related party notes transferred to convertible notes	`RelatedPartyNotesTransferredToConvertibleNotes`	$-300.00K	USD	Annual
Shares issued in conversion on convertible note	`SharesIssuedInConversionOnConvertibleNote`	160,000.00	shares	Annual
Related party notes settled with subscription to common stock	`RelatedPartyNotesSettledWithSubscriptionToCommonStock`	1.10M	shares	Annual
Related party notes settled with subscription to preferred stock	`RelatedPartyNotesSettledWithSubscriptionToPreferredStock`	429,000.00	shares	Annual
Net assets acquired in reverse merger with Power Save	`NetAssetsAcquiredInReverseMergerWithPowerSave`	$-63.21K	USD	Annual
Net assets acquired in Sulfatos Chile acquisition	`NetAssetsAcquiredInSulfatosChileAcquisition`	$5.07M	USD	Annual
Net assets disposed of in Power Save sale	`NetAssetsDisposedOfInPowerSaveSale`	$62.14K	USD	Annual
Effect of reverse merger with Power Save	`EffectOfReverseMergerWithPowerSave`	$-24.64K	USD	Annual
Contributed capital in Sulfatos Chile acquisition	`ContributedCapitalInSulfatosChileAcquisition`	$2.70M	USD	Annual
Contributed capital on Power Save sale	`ContributedCapitalOnPowerSaveSale`	$41.50K	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.42M	USD	Point-in-time
Stocks issued to Founders, Amount	`StocksIssuedToFoundersAmount`	-	USD	Annual
Purchase of Sulfatos Chile, shares	`AdjustmentsToAdditionalPaidInCapitalOther`	$5.96M	USD	Annual
Reverse merger adjustments, amount	`ReverseMergerAdjustmentsAmount`	$-24.64K	USD	Annual
Power-Save disposal adjustments	`PowersaveDisposalAdjustments`	$41.50K	USD	Annual
Stocks issued for cash, Amount	`StockIssuedDuringPeriodValueIssuedForCash`	$3.45M	USD	Annual
Stocks issued for debt conversion, Amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$160.00K	USD	Annual
Gain on currency conversion	`ForeignCurrencyTransactionGainLossRealized`	$1.22M	USD	Annual
Net loss	`ProfitLoss`	$-4.39M	USD	Annual
Ending Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.42M	USD	Point-in-time

Comprehensive Income 3 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-4.39M	USD	Annual
Gain/(loss) on foreign currency conversion	`ForeignCurrencyTransactionGainLossRealized`	$1.22M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.17M	USD	Annual

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