10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001062993-15-001841 |
| Period End Date | 20150228 |
| Filing Date | 20150409 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | ncq-20150228.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
46 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 |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
60.63M | shares | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
60.30M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.99M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.48M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.36M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$5.07M | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$176.00K | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$57.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$423.00K | USD | Point-in-time |
| Deposits and prepaid amounts |
PrepaidExpenseCurrent
|
$575.00K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$5.83M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$4.47M | USD | Point-in-time |
| Plant and equipment |
PropertyPlantAndEquipmentNet
|
$415.00K | USD | Point-in-time |
| Plant and equipment |
PropertyPlantAndEquipmentNet
|
$272.00K | 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
|
$36.83M | USD | Point-in-time |
| Total Assets |
Assets
|
$35.33M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$727.00K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$979.00K | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$727.00K | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$979.00K | USD | Point-in-time |
| Share capital - unlimited common shares authorized, no par value Issued - 60,633,701 (2014 - 60,296,365) |
CommonStockValue
|
$111.83M | USD | Point-in-time |
| Share capital - unlimited common shares authorized, no par value Issued - 60,633,701 (2014 - 60,296,365) |
CommonStockValue
|
$112.47M | USD | Point-in-time |
| Share capital - unlimited common shares authorized, no par value Issued - 60,633,701 (2014 - 60,296,365) |
CommonStockValue
|
$104.89M | USD | Point-in-time |
| Warrants |
WarrantsAndRightsOutstanding
|
$2.16M | USD | Point-in-time |
| Warrants |
WarrantsAndRightsOutstanding
|
$2.16M | USD | Point-in-time |
| Contributed surplus |
ContributedSurplus
|
$124.00K | USD | Point-in-time |
| Contributed surplus |
ContributedSurplus
|
$124.00K | USD | Point-in-time |
| Contributed surplus - options |
AdditionalPaidInCapital
|
$17.37M | USD | Point-in-time |
| Contributed surplus - options |
AdditionalPaidInCapital
|
$17.09M | USD | Point-in-time |
| Contributed surplus - units |
ContributedSurplusUnits
|
$1.38M | USD | Point-in-time |
| Contributed surplus - units |
ContributedSurplusUnits
|
$2.01M | USD | Point-in-time |
| Deficit accumulated during the exploration stage |
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
|
$97.37M | USD | Point-in-time |
| Deficit accumulated during the exploration stage |
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
|
$98.90M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$37.16M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$34.60M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$35.85M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$34.67M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$36.83M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$35.33M | USD | Point-in-time |
Income Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Amortization |
DepreciationAndAmortization
|
$2.98M | USD | 44 Qtrs |
| Amortization |
DepreciationAndAmortization
|
$258.00K | USD | 1 Quarter |
| Amortization |
DepreciationAndAmortization
|
$143.00K | USD | 1 Quarter |
| Foreign exchange gain |
ForeignCurrencyTransactionGainLossBeforeTax
|
- | USD | 44 Qtrs |
| Foreign exchange gain |
ForeignCurrencyTransactionGainLossBeforeTax
|
$20.00K | USD | 1 Quarter |
| Foreign exchange gain |
ForeignCurrencyTransactionGainLossBeforeTax
|
$6.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$437.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$8.19M | USD | 44 Qtrs |
| General and administrative |
GeneralAndAdministrativeExpense
|
$381.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$31.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$6.00K | USD | 1 Quarter |
| Investor relations |
BusinessDevelopment
|
$675.00K | USD | 44 Qtrs |
| Mineral properties expense |
ExplorationExpenseMining
|
$54.10M | USD | 44 Qtrs |
| Mineral properties expense |
ExplorationExpenseMining
|
$580.00K | USD | 1 Quarter |
| Mineral properties expense |
ExplorationExpenseMining
|
$327.00K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$2.82M | USD | 44 Qtrs |
| Professional fees |
ProfessionalFees
|
$161.00K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$650.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$8.89M | USD | 44 Qtrs |
| Salaries |
SalariesAndWages
|
$550.00K | USD | 1 Quarter |
| Salaries |
SalariesAndWages
|
$250.00K | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$282.00K | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$116.00K | USD | 1 Quarter |
| Salaries - stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$18.80M | USD | 44 Qtrs |
| Total expenses |
OperatingExpenses
|
$1.53M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$2.62M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$96.45M | USD | 44 Qtrs |
| Accretion expense |
AccretionExpense
|
- | USD | 1 Quarter |
| Accretion expense |
AccretionExpense
|
$2.53M | USD | 44 Qtrs |
| Accretion expense |
AccretionExpense
|
- | USD | 1 Quarter |
| Loss on disposal of equipment |
GainLossOnDispositionOfAssets
|
$-7.00K | USD | 44 Qtrs |
| Loss on disposal of equipment |
GainLossOnDispositionOfAssets
|
- | USD | 1 Quarter |
| Loss on disposal of equipment |
GainLossOnDispositionOfAssets
|
- | USD | 1 Quarter |
| Interest and other income |
InterestIncomeExpenseNet
|
$1.00K | USD | 1 Quarter |
| Interest and other income |
InterestIncomeExpenseNet
|
$87.00K | USD | 44 Qtrs |
| Interest and other income |
InterestIncomeExpenseNet
|
- | USD | 1 Quarter |
| Loss and comprehensive loss for the period |
NetIncomeLoss
|
$-98.90M | USD | 44 Qtrs |
| Loss and comprehensive loss for the period |
NetIncomeLoss
|
$-1.53M | USD | 1 Quarter |
| Loss and comprehensive loss for the period |
NetIncomeLoss
|
$-2.62M | USD | 1 Quarter |
| Basic and diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$0.05 | USD | 1 Quarter |
| Basic and diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$0.03 | USD | 1 Quarter |
| Weighted average number of common shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
60.61M | shares | 1 Quarter |
| Weighted average number of common shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
- | shares | 44 Qtrs |
| Weighted average number of common shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
53.51M | shares | 1 Quarter |
Cash Flow Statement
82 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Loss for the period |
NetIncomeLoss
|
$-98.90M | USD | 44 Qtrs |
| Loss for the period |
NetIncomeLoss
|
$-1.53M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-2.62M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$3.00M | USD | 44 Qtrs |
| Amortization |
AdjustmentForAmortization
|
$143.00K | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$258.00K | USD | 1 Quarter |
| Accretion |
AccretionExpense
|
- | USD | 1 Quarter |
| Accretion |
AccretionExpense
|
$2.53M | USD | 44 Qtrs |
| Accretion |
AccretionExpense
|
- | USD | 1 Quarter |
| Loss on disposal of equipment |
GainLossOnSaleOfOtherAssets
|
- | USD | 1 Quarter |
| Loss on disposal of equipment |
GainLossOnSaleOfOtherAssets
|
$-7.00K | USD | 44 Qtrs |
| Loss on disposal of equipment |
GainLossOnSaleOfOtherAssets
|
- | USD | 1 Quarter |
| Issuance of shares as compensation |
StockOptionPlanExpense
|
- | USD | 1 Quarter |
| Issuance of shares as compensation |
StockOptionPlanExpense
|
$316.00K | USD | 44 Qtrs |
| Issuance of shares as compensation |
StockOptionPlanExpense
|
- | USD | 1 Quarter |
| Stock-based compensation |
StockBasedCompensation
|
$282.00K | USD | 1 Quarter |
| Stock-based compensation |
StockBasedCompensation
|
$19.92M | USD | 44 Qtrs |
| Stock-based compensation |
StockBasedCompensation
|
$116.00K | USD | 1 Quarter |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$51.00K | USD | 1 Quarter |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$57.00K | USD | 44 Qtrs |
| Decrease (increase) in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-119.00K | USD | 1 Quarter |
| Decrease (increase) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$410.00K | USD | 44 Qtrs |
| Decrease (increase) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$-152.00K | USD | 1 Quarter |
| Decrease (increase) in deposits and prepaid amounts |
IncreaseDecreaseInPrepaidExpense
|
$-133.00K | USD | 1 Quarter |
| Increase (decrease) in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-252.00K | USD | 1 Quarter |
| Increase (decrease) in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$23.00K | USD | 1 Quarter |
| Increase (decrease) in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$766.00K | USD | 44 Qtrs |
| Net Cash Provided by (Used in) Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-1.09M | 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
|
$-72.83M | USD | 44 Qtrs |
| Proceeds from private placement, net |
ProceedsFromIssuanceOfPrivatePlacement
|
- | USD | 1 Quarter |
| Proceeds from private placement, net |
ProceedsFromIssuanceOfPrivatePlacement
|
$7.23M | USD | 44 Qtrs |
| Proceeds from private placement, net |
ProceedsFromIssuanceOfPrivatePlacement
|
$17.00K | USD | 1 Quarter |
| Proceeds received on exercise of options |
ProceedsFromStockOptionsExercised
|
- | USD | 1 Quarter |
| Proceeds received on exercise of options |
ProceedsFromStockOptionsExercised
|
$36.00K | USD | 44 Qtrs |
| 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
|
- | USD | 1 Quarter |
| Funding provided by NovaGold on the completion of the Plan of Arrangement |
ProceedsFromContributionsFromParent
|
$40.00M | USD | 44 Qtrs |
| Funding provided and expenses paid by NovaGold |
ProceedsFromContributionsFromAffiliates
|
- | USD | 1 Quarter |
| Funding provided and expenses paid by NovaGold |
ProceedsFromContributionsFromAffiliates
|
$61.26M | USD | 44 Qtrs |
| Funding provided and expenses paid by NovaGold |
ProceedsFromContributionsFromAffiliates
|
- | USD | 1 Quarter |
| Repayment of notes payable |
RepaymentsOfNotesPayable
|
$24.00M | USD | 44 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 | 44 Qtrs |
| Settlement of Restricted Share Units |
PaymentForSettlementOfRestritedShareUnits
|
- | USD | 1 Quarter |
| Settlement of Restricted Share Units |
PaymentForSettlementOfRestritedShareUnits
|
- | USD | 1 Quarter |
| Net Cash Flows Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$84.19M | USD | 44 Qtrs |
| Net Cash Flows Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
- | USD | 1 Quarter |
| Net Cash Flows Provided by (Used in) Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$17.00K | USD | 1 Quarter |
| Acquisition of plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.26M | USD | 44 Qtrs |
| Acquisition of plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.00K | USD | 1 Quarter |
| Acquisition of plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Acquisition of mineral properties |
PaymentsToAcquireMineralRights
|
$4.12M | USD | 44 Qtrs |
| Acquisition of mineral properties |
PaymentsToAcquireMineralRights
|
- | USD | 1 Quarter |
| Acquisition of mineral properties |
PaymentsToAcquireMineralRights
|
- | USD | 1 Quarter |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-7.37M | USD | 44 Qtrs |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
- | USD | 1 Quarter |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.00K | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-2.12M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$3.99M | USD | 44 Qtrs |
| Increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.09M | USD | 1 Quarter |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.99M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
- | 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
|
$4.36M | USD | Point-in-time |
| Cash and cash equivalents - beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.07M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.99M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
- | 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
|
$4.36M | USD | Point-in-time |
| Cash and cash equivalents - end of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.07M | USD | Point-in-time |
| 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
|
$27.28M | USD | 44 Qtrs |
| Issuance of common shares to NovaGold to acquire NovaCopper US Inc. |
IssuanceOfCommonSharesToNovagoldToAcquireNovacopperUsInc
|
- | USD | 1 Quarter |
| Notes payable assumed on acquisition of Ambler lands |
NotesIssued1
|
$21.47M | USD | 44 Qtrs |
| Notes payable assumed on acquisition of Ambler lands |
NotesIssued1
|
- | USD | 1 Quarter |
| 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 | 44 Qtrs |
Stockholders Equity
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$37.16M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$34.60M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$35.85M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$34.67M | USD | Point-in-time |
| Exercise of NovaGold Arrangement options |
ExerciseOfNovagoldArrangementOptions
|
$17.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$116.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$282.00K | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-98.90M | USD | 44 Qtrs |
| Loss for the period |
NetIncomeLoss
|
$-1.53M | USD | 1 Quarter |
| Loss for the period |
NetIncomeLoss
|
$-2.62M | USD | 1 Quarter |
| Ending Balance |
StockholdersEquity
|
$37.16M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$34.60M | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$35.85M | 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.