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10-Q Filing

LUSTROS INC. CIK: 922011 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001019687-13-001966
Period End Date 20130331
Filing Date 20130517
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance lsld-20130331.xml
Filing Contents
Balance Sheet 73 line items
Line Item Tag Value Unit Period
Cash Cash $149.06K USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
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 AccountsAndOtherReceivablesNetCurrent $103.00 USD Point-in-time
Other receivables AccountsAndOtherReceivablesNetCurrent $102.00 USD Point-in-time
Preferred stock, Authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred stock, Issued PreferredStockSharesIssued 0.00 shares Point-in-time
Prepaid expenses PrepaidExpenseCurrent $225.68K 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
Preferred stock, outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Inventory InventoryGross $150.96K USD Point-in-time
Inventory InventoryGross $142.38K USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
VAT tax receivable IncomeTaxReceivable $573.54K USD Point-in-time
VAT tax receivable IncomeTaxReceivable $631.72K USD Point-in-time
Total current assets AssetsCurrent $1.22M USD Point-in-time
Common stock, Authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Common stock, Authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Total current assets AssetsCurrent $1.16M USD Point-in-time
Common stock, Issued CommonStockSharesIssued 90.15M shares Point-in-time
Common stock, Issued CommonStockSharesIssued 88.37M shares Point-in-time
Fixed asset, net PropertyPlantAndEquipmentNet $4.82M USD Point-in-time
Fixed asset, net PropertyPlantAndEquipmentNet $4.65M USD Point-in-time
Common stock, outstanding CommonStockSharesOutstanding 88.37M shares Point-in-time
Mining property MiningProperty $3.77M USD Point-in-time
Common stock, outstanding CommonStockSharesOutstanding 90.15M shares Point-in-time
Mining property MiningProperty $3.72M USD Point-in-time
Unamortized discount on convertible note payable DebtInstrumentUnamortizedDiscount $112.53K USD Point-in-time
Land Land $592.54K USD Point-in-time
Land Land $585.04K USD Point-in-time
Congo right to use CongoRightToUse $360.00K 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 other assets AssetsNoncurrent $9.54M USD Point-in-time
TOTAL ASSETS Assets $10.69M USD Point-in-time
TOTAL ASSETS Assets $10.53M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.11M USD Point-in-time
Convertible note payable, net of $112,532 in unamortized discount ConvertibleDebtCurrent $205.59K USD Point-in-time
Convertible note payable, net of $112,532 in unamortized discount ConvertibleDebtCurrent $233.60K USD Point-in-time
Notes payable NotesPayableCurrent $684.29K USD Point-in-time
Notes payable NotesPayableCurrent $372.48K USD Point-in-time
Notes payable - related party NotesPayableRelatedPartiesCurrentAndNoncurrent $2.05M USD Point-in-time
Notes payable - related party NotesPayableRelatedPartiesCurrentAndNoncurrent $1.83M USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.72M USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.77M USD Point-in-time
Asset retirement obligations AssetRetirementObligation $412.43K USD Point-in-time
Asset retirement obligations AssetRetirementObligation $396.47K USD Point-in-time
Total long term liabilities LiabilitiesNoncurrent $396.47K USD Point-in-time
Total long term liabilities LiabilitiesNoncurrent $412.43K USD Point-in-time
Total liabilities Liabilities $4.18M USD Point-in-time
Total liabilities Liabilities $4.11M USD Point-in-time
Preferred stock, $.001 par value, 100,000,000 shares authorized, no shares issued and outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $.001 par value, 100,000,000 shares authorized, no shares issued and outstanding PreferredStockValue - USD Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 90,153,286 and 88,369,618 issued and outstanding respectively CommonStockValue $88.37K USD Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 90,153,286 and 88,369,618 issued and outstanding respectively CommonStockValue $90.15K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $6.23M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $7.21M USD Point-in-time
Minority interest MinorityInterest $2.01M USD Point-in-time
Minority interest MinorityInterest $1.79M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $1.33M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $1.22M USD Point-in-time
Deficit accumulated during development stage DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage $3.91M 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 stockholders' equity StockholdersEquity $6.52M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $10.69M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $10.53M USD Point-in-time
Income Statement 49 line items
Line Item Tag Value Unit Period
Revenue Revenues $20.89K USD 1 Quarter
Revenue Revenues $54.90K USD 5 Qtrs
Revenue Revenues - USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold - USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold - USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold - USD 5 Qtrs
Gross profit GrossProfit $54.90K USD 5 Qtrs
Gross profit GrossProfit - USD 1 Quarter
Gross profit GrossProfit $20.89K USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $2.29M USD 5 Qtrs
General and administrative GeneralAndAdministrativeExpense $472.39K USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $239.96K USD 1 Quarter
Depreciation Depreciation $31.03K USD 1 Quarter
Depreciation Depreciation $116.74K USD 5 Qtrs
Depreciation Depreciation $15.15K USD 1 Quarter
Payroll SalariesWagesAndOfficersCompensation $400.96K USD 1 Quarter
Payroll SalariesWagesAndOfficersCompensation $-27.09K USD 1 Quarter
Payroll SalariesWagesAndOfficersCompensation $1.84M USD 5 Qtrs
Legal and accounting ProfessionalFees $601.67K USD 5 Qtrs
Legal and accounting ProfessionalFees $73.19K USD 1 Quarter
Legal and accounting ProfessionalFees $1.66K USD 1 Quarter
Mining costs ExplorationCosts $21.35K USD 1 Quarter
Mining costs ExplorationCosts $27.42K USD 1 Quarter
Mining costs ExplorationCosts $209.10K USD 5 Qtrs
Research & development ResearchAndDevelopmentExpense $76.92K USD 5 Qtrs
Research & development ResearchAndDevelopmentExpense $49.00 USD 1 Quarter
Research & development ResearchAndDevelopmentExpense $376.00 USD 1 Quarter
Total expenses OperatingExpenses $5.14M USD 5 Qtrs
Total expenses OperatingExpenses $766.53K USD 1 Quarter
Total expenses OperatingExpenses $489.90K USD 1 Quarter
Loss from continued operations IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-469.01K USD 1 Quarter
Loss from continued operations IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-766.53K USD 1 Quarter
Loss from continued operations IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-5.08M USD 5 Qtrs
Interest expense InterestExpense - USD 1 Quarter
Interest expense InterestExpense $226.03K USD 1 Quarter
Interest expense InterestExpense $297.35K USD 5 Qtrs
Net loss ProfitLoss $-992.56K USD 1 Quarter
Net loss ProfitLoss $-5.38M USD 5 Qtrs
Net loss ProfitLoss $-469.01K USD 1 Quarter
Net loss attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $-1.47M USD 5 Qtrs
Net loss attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $-211.06K USD 1 Quarter
Net loss attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $-180.86K USD 1 Quarter
Net loss attributable to Lustros, Inc. NetIncomeLoss $-288.15K USD 1 Quarter
Net loss attributable to Lustros, Inc. NetIncomeLoss $-3.91M USD 5 Qtrs
Net loss attributable to Lustros, Inc. NetIncomeLoss $-781.51K USD 1 Quarter
Income per share, basic EarningsPerShareBasic $-0.02 USD 1 Quarter
Income per share, basic EarningsPerShareBasic $-0.01 USD 1 Quarter
Weighted average common shares outstanding, basic WeightedAverageNumberOfSharesOutstandingBasic 23.77M shares 1 Quarter
Weighted average common shares outstanding, basic WeightedAverageNumberOfSharesOutstandingBasic 89.02M shares 1 Quarter
Cash Flow Statement 102 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-992.56K USD 1 Quarter
Net loss ProfitLoss $-5.38M USD 5 Qtrs
Net loss ProfitLoss $-469.01K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $116.74K USD 5 Qtrs
Depreciation and amortization DepreciationAndAmortization $15.15K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $31.03K USD 1 Quarter
Amortization of original issued discount IncreaseDecreaseInInterestPayableNet $248.76K USD 5 Qtrs
Amortization of original issued discount IncreaseDecreaseInInterestPayableNet $183.17K USD 1 Quarter
Increase in accrued interest included in notes payable IncreaseDecreaseInAccruedInterestReceivableNet $11.46K USD 5 Qtrs
Increase in accrued interest included in notes payable IncreaseDecreaseInAccruedInterestReceivableNet $5.73K USD 1 Quarter
Increase in notes receivable IncreaseDecreaseInNotesReceivables $-86.67K USD 1 Quarter
Decrease/(increase) in prepaid expenses IncreaseDecreaseInPrepaidExpense $-897.00 USD 1 Quarter
Decrease/(increase) in prepaid expenses IncreaseDecreaseInPrepaidExpense $-342.21K USD 1 Quarter
Decrease/(increase) in prepaid expenses IncreaseDecreaseInPrepaidExpense $-177.15K USD 5 Qtrs
Decrease/(increase) in inventory IncreaseDecreaseInInventories $-8.57K USD 5 Qtrs
Decrease/(increase) in inventory IncreaseDecreaseInInventories $-8.57K USD 1 Quarter
Decrease/(increase) in tax receivable IncreaseDecreaseInIncomeTaxesReceivable $-58.18K USD 1 Quarter
Decrease/(increase) in tax receivable IncreaseDecreaseInIncomeTaxesReceivable $-58.18K USD 5 Qtrs
Increase in asset retirement obligation IncreaseDecreaseInAssetRetirementObligations $15.95K USD 1 Quarter
Increase in asset retirement obligation IncreaseDecreaseInAssetRetirementObligations $30.81K USD 5 Qtrs
Increase/(decrease) in accounts payable IncreaseDecreaseInAccountsPayable $-283.31K USD 1 Quarter
Increase/(decrease) in accounts payable IncreaseDecreaseInAccountsPayable $111.92K USD 1 Quarter
Increase/(decrease) in accounts payable IncreaseDecreaseInAccountsPayable $1.05M USD 5 Qtrs
Total cash from operations NetCashProvidedByUsedInOperatingActivities $-4.17M USD 5 Qtrs
Total cash from operations NetCashProvidedByUsedInOperatingActivities $-712.40K USD 1 Quarter
Total cash from operations NetCashProvidedByUsedInOperatingActivities $-1.17M USD 1 Quarter
Acquisition of Sulfatos Chile by Bluestone AcquisitionOfSulfatosChileByBluestone $-892.29K USD 5 Qtrs
Acquisition of Sulfatos Chile by Bluestone AcquisitionOfSulfatosChileByBluestone $-892.29K USD 1 Quarter
Acquisition of Sulfatos Chile by Bluestone AcquisitionOfSulfatosChileByBluestone - USD 1 Quarter
Cash received in Power Save merger FundsReceivedInPowerSaveMerger $38.57K USD 5 Qtrs
Cash received in Power Save merger FundsReceivedInPowerSaveMerger $38.57K USD 1 Quarter
Cash received in Power Save merger FundsReceivedInPowerSaveMerger - USD 1 Quarter
Disposal of Power Save operations DisposalOfPowerSaveOperations $20.64K USD 1 Quarter
Disposal of Power Save operations DisposalOfPowerSaveOperations - USD 1 Quarter
Disposal of Power Save operations DisposalOfPowerSaveOperations $20.64K USD 5 Qtrs
Purchase of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $139.51K USD 1 Quarter
Purchase of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $970.19K USD 5 Qtrs
Purchase of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $71.52K USD 1 Quarter
Total cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-59.96K USD 5 Qtrs
Total cash used in investing activities NetCashProvidedByUsedInInvestingActivities $838.71K USD 1 Quarter
Total cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-139.51K USD 1 Quarter
Proceeds from notes payable ProceedsFromNotesPayable - USD 1 Quarter
Proceeds from notes payable ProceedsFromNotesPayable - USD 1 Quarter
Proceeds from notes payable ProceedsFromNotesPayable $79.45K USD 5 Qtrs
Repayment of notes payable RepaymentsOfNotesPayable $40.59K USD 1 Quarter
Repayment of notes payable RepaymentsOfNotesPayable $86.85K USD 5 Qtrs
Proceeds from notes payable,related party ProceedsFromRelatedPartyDebt $1.67M USD 1 Quarter
Proceeds from notes payable,related party ProceedsFromRelatedPartyDebt $3.33M USD 5 Qtrs
Proceeds from notes payable,related party ProceedsFromRelatedPartyDebt $221.51K USD 1 Quarter
Repayment of notes payable, related party RepaymentsOfRelatedPartyDebt $1.39M USD 5 Qtrs
Repayment of notes payable, related party RepaymentsOfRelatedPartyDebt - USD 1 Quarter
Repayment of notes payable, related party RepaymentsOfRelatedPartyDebt $1.67M USD 1 Quarter
Proceeds from the issuance of stock ProceedsFromIssuanceOfCommonStock - USD 1 Quarter
Proceeds from the issuance of stock ProceedsFromIssuanceOfCommonStock $2.47M USD 5 Qtrs
Proceeds from the issuance of stock ProceedsFromIssuanceOfCommonStock $550.00K USD 1 Quarter
Total cash provided by financing activities NetCashProvidedByUsedInFinancingActivities - USD 1 Quarter
Total cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $4.41M USD 5 Qtrs
Total cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $730.92K USD 1 Quarter
Effect of foreign currency exchange rate on cash EffectOfExchangeRateOnCashAndCashEquivalents $-7.51K USD 1 Quarter
Effect of foreign currency exchange rate on cash EffectOfExchangeRateOnCashAndCashEquivalents $-31.95K USD 5 Qtrs
Effect of foreign currency exchange rate on cash EffectOfExchangeRateOnCashAndCashEquivalents $833.02K USD 1 Quarter
INCREASE/(DECREASE) IN CASH CashAndCashEquivalentsPeriodIncreaseDecrease $505.67K USD 1 Quarter
INCREASE/(DECREASE) IN CASH CashAndCashEquivalentsPeriodIncreaseDecrease $-128.50K USD 1 Quarter
INCREASE/(DECREASE) IN CASH CashAndCashEquivalentsPeriodIncreaseDecrease $149.06K USD 5 Qtrs
BEGINNING CASH CashAndCashEquivalentsAtCarryingValue $149.06K USD Point-in-time
BEGINNING CASH CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
BEGINNING CASH CashAndCashEquivalentsAtCarryingValue $277.56K USD Point-in-time
BEGINNING CASH CashAndCashEquivalentsAtCarryingValue $505.67K USD Point-in-time
ENDING CASH CashAndCashEquivalentsAtCarryingValue $149.06K USD Point-in-time
ENDING CASH CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
ENDING CASH CashAndCashEquivalentsAtCarryingValue $277.56K USD Point-in-time
ENDING CASH CashAndCashEquivalentsAtCarryingValue $505.67K USD Point-in-time
Interest paid InterestPaid - USD 1 Quarter
Interest paid InterestPaid - USD 5 Qtrs
Income taxes paid IncomeTaxesPaid - USD 1 Quarter
Income taxes paid IncomeTaxesPaid - USD 5 Qtrs
Related party notes transferred to convertible notes RelatedPartyNotesTransferredToConvertibleNotes $-570.99K USD 5 Qtrs
Related party notes transferred to convertible notes RelatedPartyNotesTransferredToConvertibleNotes $-270.99K USD 1 Quarter
Shares issued in conversion on convertible note SharesIssuedInConversionOnConvertibleNote $586.14K USD 5 Qtrs
Shares issued in conversion on convertible note SharesIssuedInConversionOnConvertibleNote $426.14K USD 1 Quarter
Related party notes settled with subscription to common stock RelatedPartyNotesSettledWithSubscriptionToCommonStock - USD 1 Quarter
Related party notes settled with subscription to common stock RelatedPartyNotesSettledWithSubscriptionToCommonStock $1.10M USD 5 Qtrs
Related party notes settled with subscription to preferred stock RelatedPartyNotesSettledWithSubscriptionToPreferredStock $429.00K USD 5 Qtrs
Related party notes settled with subscription to preferred stock RelatedPartyNotesSettledWithSubscriptionToPreferredStock - USD 1 Quarter
Net assets acquired in reverse merger with Power Save NetAssetsAcquiredInReverseMergerWithPowerSave $-63.21K USD 1 Quarter
Net assets acquired in reverse merger with Power Save NetAssetsAcquiredInReverseMergerWithPowerSave $-63.21K USD 5 Qtrs
Net assets acquired in reverse merger with Power Save NetAssetsAcquiredInReverseMergerWithPowerSave - USD 1 Quarter
Net assets acquired in Sulfatos Chile acquisition NetAssetsAcquiredInSulfatosChileAcquisition $5.07M USD 5 Qtrs
Net assets acquired in Sulfatos Chile acquisition NetAssetsAcquiredInSulfatosChileAcquisition $5.07M USD 1 Quarter
Net assets acquired in Sulfatos Chile acquisition NetAssetsAcquiredInSulfatosChileAcquisition - USD 1 Quarter
Net assets disposed of in Power Save sale NetAssetsDisposedOfInPowerSaveSale $62.14K USD 1 Quarter
Net assets disposed of in Power Save sale NetAssetsDisposedOfInPowerSaveSale $62.14K USD 5 Qtrs
Net assets disposed of in Power Save sale NetAssetsDisposedOfInPowerSaveSale - USD 1 Quarter
Effect of reverse merger with Power Save EffectOfReverseMergerWithPowerSave $-24.64K USD 1 Quarter
Effect of reverse merger with Power Save EffectOfReverseMergerWithPowerSave $-24.64K USD 5 Qtrs
Effect of reverse merger with Power Save EffectOfReverseMergerWithPowerSave - USD 1 Quarter
Contributed capital in Sulfatos Chile acquisition ContributedCapitalInSulfatosChileAcquisition $2.70M USD 1 Quarter
Contributed capital in Sulfatos Chile acquisition ContributedCapitalInSulfatosChileAcquisition - USD 1 Quarter
Contributed capital in Sulfatos Chile acquisition ContributedCapitalInSulfatosChileAcquisition $2.70M USD 5 Qtrs
Contributed capital on Power Save sale ContributedCapitalOnPowerSaveSale $41.50K USD 5 Qtrs
Contributed capital on Power Save sale ContributedCapitalOnPowerSaveSale - USD 1 Quarter
Contributed capital on Power Save sale ContributedCapitalOnPowerSaveSale $41.50K USD 1 Quarter
Comprehensive Income 9 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-992.56K USD 1 Quarter
Net loss ProfitLoss $-5.38M USD 5 Qtrs
Net loss ProfitLoss $-469.01K USD 1 Quarter
Gain/(loss) on foreign currency conversion OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $113.03K USD 1 Quarter
Gain/(loss) on foreign currency conversion OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-1.22M USD 1 Quarter
Gain/(loss) on foreign currency conversion OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $1.33M USD 5 Qtrs
Total comprehensive loss ComprehensiveIncomeNetOfTax $-879.53K USD 1 Quarter
Total comprehensive loss ComprehensiveIncomeNetOfTax $-1.69M USD 1 Quarter
Total comprehensive loss ComprehensiveIncomeNetOfTax $-4.05M USD 5 Qtrs

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

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