10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001062993-14-002011 |
| Period End Date | 20140228 |
| Filing Date | 20140408 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | ncq-20140228.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
- | shares | Point-in-time |
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
- | shares | Point-in-time |
| Common Stock, No Par Value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Common Stock, No Par Value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
53.07M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.36M | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
53.63M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.48M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$22.24M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$18.74M | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$90.00K | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$141.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$591.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$458.00K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$4.96M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$7.17M | USD | Point-in-time |
| Plant and equipment |
PropertyPlantAndEquipmentNet
|
$891.00K | USD | Point-in-time |
| Plant and equipment |
PropertyPlantAndEquipmentNet
|
$1.15M | USD | Point-in-time |
| Mineral properties and development costs |
MineralPropertiesNet
|
$30.59M | USD | Point-in-time |
| Mineral properties and development costs |
MineralPropertiesNet
|
$30.59M | USD | Point-in-time |
| Total assets |
Assets
|
$36.44M | USD | Point-in-time |
| Total assets |
Assets
|
$38.90M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$1.74M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$1.76M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.74M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.76M | USD | Point-in-time |
| Share capital - unlimited common shares authorized, no par value Issued -53,629,245 (2013 - 53,066,656) |
CommonStockValue
|
$106.50M | USD | Point-in-time |
| Share capital - unlimited common shares authorized, no par value Issued -53,629,245 (2013 - 53,066,656) |
CommonStockValue
|
$104.89M | USD | Point-in-time |
| Share capital - unlimited common shares authorized, no par value Issued -53,629,245 (2013 - 53,066,656) |
CommonStockValue
|
$92.17M | USD | Point-in-time |
| Contributed surplus |
ContributedSurplus
|
$124.00K | USD | Point-in-time |
| Contributed surplus |
ContributedSurplus
|
$152.00K | USD | Point-in-time |
| Contributed surplus - options |
AdditionalPaidInCapital
|
$16.65M | USD | Point-in-time |
| Contributed surplus - options |
AdditionalPaidInCapital
|
$17.25M | USD | Point-in-time |
| Contributed surplus - units |
ContributedSurplusUnits
|
$2.58M | USD | Point-in-time |
| Contributed surplus - units |
ContributedSurplusUnits
|
$1.74M | USD | Point-in-time |
| Deficit accumulated during the exploration stage |
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
|
$90.34M | USD | Point-in-time |
| Deficit accumulated during the exploration stage |
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
|
$87.72M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$48.99M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$37.16M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$53.72M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$34.67M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$38.90M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$36.44M | USD | Point-in-time |
Income Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Amortization |
DepreciationAndAmortization
|
$250.00K | USD | 1 Quarter |
| Amortization |
DepreciationAndAmortization
|
$258.00K | USD | 1 Quarter |
| Amortization |
DepreciationAndAmortization
|
$2.34M | USD | 40 Qtrs |
| Corporate development |
BusinessDevelopment
|
$31.00K | USD | 1 Quarter |
| Corporate development |
BusinessDevelopment
|
$104.00K | USD | 1 Quarter |
| Corporate development |
BusinessDevelopment
|
$649.00K | USD | 40 Qtrs |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$6.00K | USD | 1 Quarter |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$24.00K | USD | 1 Quarter |
| Foreign exchange (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-12.00K | USD | 40 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$6.76M | USD | 40 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$437.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$548.00K | USD | 1 Quarter |
| Mineral properties expense |
ExplorationExpenseMining
|
$802.00K | USD | 1 Quarter |
| Mineral properties expense |
ExplorationExpenseMining
|
$580.00K | USD | 1 Quarter |
| Mineral properties expense |
ExplorationExpenseMining
|
$51.84M | USD | 40 Qtrs |
| Professional fees |
ProfessionalFees
|
$299.00K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$2.35M | USD | 40 Qtrs |
| Professional fees |
ProfessionalFees
|
$650.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$549.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$6.18M | USD | 40 Qtrs |
| Salaries |
SalariesAndWages
|
$550.00K | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$4.11M | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$116.00K | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$17.75M | USD | 40 Qtrs |
| Total expenses |
OperatingExpenses
|
$6.64M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$2.62M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$87.89M | USD | 40 Qtrs |
| Accretion expense |
AccretionExpense
|
$2.53M | USD | 40 Qtrs |
| Accretion expense |
AccretionExpense
|
- | USD | 1 Quarter |
| Accretion expense |
AccretionExpense
|
- | USD | 1 Quarter |
| Loss on disposal of equipment |
GainLossOnDispositionOfAssets
|
- | USD | 1 Quarter |
| Loss on disposal of equipment |
GainLossOnDispositionOfAssets
|
$-7.00K | USD | 40 Qtrs |
| Loss on disposal of equipment |
GainLossOnDispositionOfAssets
|
- | USD | 1 Quarter |
| Interest and other income |
InterestIncomeExpenseNet
|
$1.00K | USD | 1 Quarter |
| Interest and other income |
InterestIncomeExpenseNet
|
$14.00K | USD | 1 Quarter |
| Interest and other income |
InterestIncomeExpenseNet
|
$86.00K | USD | 40 Qtrs |
| Loss and comprehensive loss for the period |
NetIncomeLoss
|
$-90.34M | USD | 40 Qtrs |
| Loss and comprehensive loss for the period |
NetIncomeLoss
|
$-6.63M | USD | 1 Quarter |
| Loss and comprehensive loss for the period |
NetIncomeLoss
|
$-2.62M | USD | 1 Quarter |
| Basic and diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$0.13 | USD | 1 Quarter |
| Basic and diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$0.05 | USD | 1 Quarter |
| Weighted average number of common shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
50.57M | shares | 1 Quarter |
| Weighted average number of common shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
53.51M | shares | 1 Quarter |
| Weighted average number of common shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
- | shares | 40 Qtrs |
Cash Flow Statement
82 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Loss for the period |
NetIncomeLoss
|
$-90.34M | USD | 40 Qtrs |
| Loss for the period |
NetIncomeLoss
|
$-6.63M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-2.62M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$2.36M | USD | 40 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$250.00K | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$258.00K | USD | 1 Quarter |
| Accretion |
AccretionExpense
|
$2.53M | USD | 40 Qtrs |
| Accretion |
AccretionExpense
|
- | USD | 1 Quarter |
| Accretion |
AccretionExpense
|
- | USD | 1 Quarter |
| Loss on disposal of equipment |
GainLossOnSaleOfOtherAssets
|
- | USD | 1 Quarter |
| Loss on disposal of equipment |
GainLossOnSaleOfOtherAssets
|
- | USD | 1 Quarter |
| Loss on disposal of equipment |
GainLossOnSaleOfOtherAssets
|
$-7.00K | USD | 40 Qtrs |
| Issuance of shares as compensation |
StockOptionPlanExpense
|
- | USD | 1 Quarter |
| Issuance of shares as compensation |
StockOptionPlanExpense
|
$316.00K | USD | 40 Qtrs |
| Issuance of shares as compensation |
StockOptionPlanExpense
|
- | USD | 1 Quarter |
| Stock-based compensation |
StockBasedCompensation
|
$116.00K | USD | 1 Quarter |
| Stock-based compensation |
StockBasedCompensation
|
$4.11M | USD | 1 Quarter |
| Stock-based compensation |
StockBasedCompensation
|
$18.86M | USD | 40 Qtrs |
| Unrealized foreign exchange |
ForeignCurrencyTransactionGainLossUnrealized
|
$80.00K | USD | 1 Quarter |
| Unrealized foreign exchange |
ForeignCurrencyTransactionGainLossUnrealized
|
$89.00K | USD | 40 Qtrs |
| Unrealized foreign exchange |
ForeignCurrencyTransactionGainLossUnrealized
|
- | USD | 1 Quarter |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$51.00K | USD | 1 Quarter |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-64.00K | USD | 1 Quarter |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$141.00K | USD | 40 Qtrs |
| Increase (decrease) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$-133.00K | USD | 1 Quarter |
| Increase (decrease) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$444.00K | USD | 40 Qtrs |
| Increase (decrease) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$-46.00K | USD | 1 Quarter |
| Increase (decrease)in accounts payable, accrued liabilities and due to related parties |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-1.26M | USD | 1 Quarter |
| Increase (decrease)in accounts payable, accrued liabilities and due to related parties |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$1.69M | USD | 40 Qtrs |
| Increase (decrease)in accounts payable, accrued liabilities and due to related parties |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$23.00K | USD | 1 Quarter |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-3.49M | USD | 1 Quarter |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-2.14M | USD | 1 Quarter |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-65.24M | USD | 40 Qtrs |
| Proceeds received on exercise of options |
ProceedsFromStockOptionsExercised
|
$36.00K | USD | 40 Qtrs |
| Proceeds received on exercise of options |
ProceedsFromStockOptionsExercised
|
$17.00K | USD | 1 Quarter |
| Proceeds received on exercise of options |
ProceedsFromStockOptionsExercised
|
- | USD | 1 Quarter |
| Funding provided by NovaGold on the completion of the Plan of Arrangement |
ProceedsFromContributionsFromParent
|
- | USD | 1 Quarter |
| Funding provided by NovaGold on the completion of the Plan of Arrangement |
ProceedsFromContributionsFromParent
|
$40.00M | USD | 40 Qtrs |
| Funding provided by NovaGold on the completion of the Plan of Arrangement |
ProceedsFromContributionsFromParent
|
- | USD | 1 Quarter |
| Funding provided and expenses paid by NovaGold |
ProceedsFromContributionsFromAffiliates
|
- | USD | 1 Quarter |
| Funding provided and expenses paid by NovaGold |
ProceedsFromContributionsFromAffiliates
|
- | USD | 1 Quarter |
| Funding provided and expenses paid by NovaGold |
ProceedsFromContributionsFromAffiliates
|
$61.26M | USD | 40 Qtrs |
| Repayment of notes payable |
RepaymentsOfNotesPayable
|
$24.00M | USD | 40 Qtrs |
| Repayment of notes payable |
RepaymentsOfNotesPayable
|
- | USD | 1 Quarter |
| Repayment of notes payable |
RepaymentsOfNotesPayable
|
- | USD | 1 Quarter |
| Settlement of Restricted Share Units |
PaymentForSettlementOfRestritedShareUnits
|
$329.00K | USD | 40 Qtrs |
| Settlement of Restricted Share Units |
PaymentForSettlementOfRestritedShareUnits
|
- | USD | 1 Quarter |
| Settlement of Restricted Share Units |
PaymentForSettlementOfRestritedShareUnits
|
- | USD | 1 Quarter |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$76.96M | USD | 40 Qtrs |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
- | USD | 1 Quarter |
| Net Cash Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$17.00K | USD | 1 Quarter |
| Acquisition of plant & equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$14.00K | USD | 1 Quarter |
| Acquisition of plant & equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.24M | USD | 40 Qtrs |
| Acquisition of plant & equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.00K | USD | 1 Quarter |
| Acquisition of mineral properties |
PaymentsToAcquireMineralRights
|
- | USD | 1 Quarter |
| Acquisition of mineral properties |
PaymentsToAcquireMineralRights
|
- | USD | 1 Quarter |
| Acquisition of mineral properties |
PaymentsToAcquireMineralRights
|
$4.12M | USD | 40 Qtrs |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.00K | USD | 1 Quarter |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-14.00K | USD | 1 Quarter |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-7.36M | USD | 40 Qtrs |
| Increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-2.12M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$4.36M | USD | 40 Qtrs |
| Increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-3.51M | USD | 1 Quarter |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.36M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$6.48M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$22.24M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$18.74M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.36M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$6.48M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$22.24M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$18.74M | USD | Point-in-time |
| Issuance of common shares to NovaGold to acquire NovaCopper US Inc. |
IssuanceOfCommonSharesToNovagoldToAcquireNovacopperUsInc
|
$27.28M | USD | 40 Qtrs |
| Issuance of common shares to NovaGold to acquire NovaCopper US Inc. |
IssuanceOfCommonSharesToNovagoldToAcquireNovacopperUsInc
|
- | USD | 1 Quarter |
| Issuance of common shares to NovaGold to acquire NovaCopper US Inc. |
IssuanceOfCommonSharesToNovagoldToAcquireNovacopperUsInc
|
- | USD | 1 Quarter |
| Notes payable assumed on acquisition of Ambler lands |
NotesIssued1
|
- | USD | 1 Quarter |
| Notes payable assumed on acquisition of Ambler lands |
NotesIssued1
|
$21.47M | USD | 40 Qtrs |
| Notes payable assumed on acquisition of Ambler lands |
NotesIssued1
|
- | USD | 1 Quarter |
| Issuance of common shares by NovaGold to acquire Ambler lands |
IssuanceOfCommonSharesByNovagoldToAcquireAmberLands
|
- | USD | 1 Quarter |
| Issuance of common shares by NovaGold to acquire Ambler lands |
IssuanceOfCommonSharesByNovagoldToAcquireAmberLands
|
- | USD | 1 Quarter |
| Issuance of common shares by NovaGold to acquire Ambler lands |
IssuanceOfCommonSharesByNovagoldToAcquireAmberLands
|
$5.00M | USD | 40 Qtrs |
Stockholders Equity
17 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$48.99M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$37.16M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$53.72M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$34.67M | USD | Point-in-time |
| Exercise of NovaGold Arrangement Options |
ExerciseOfNovagoldArrangementOptions
|
$17.00K | USD | 1 Quarter |
| Exercise of NovaGold Warrants |
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
|
$12.00M | USD | Annual |
| Vesting of Deferred Share Units |
VestingOfDeferredShareUnits
|
$139.00K | USD | 1 Quarter |
| Vesting of Deferred Share Units (Shares) |
VestingOfDeferredShareUnitsShares
|
75,661.00 | shares | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$1.89M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$116.00K | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-90.34M | USD | 40 Qtrs |
| Loss for the period |
NetIncomeLoss
|
$-6.63M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-2.62M | USD | 1 Quarter |
| Ending Balance |
StockholdersEquity
|
$48.99M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$37.16M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$53.72M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$34.67M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.