10-Q Filing

Trilogy Metals Inc. CIK: 1543418 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001062993-16-008794`
Period End Date	20160229
Filing Date	20160407
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	ncq-20160229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 26 Cash Flow Statement 28 Stockholders Equity 14

Balance Sheet 45 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`	$5.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.68M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	104.80M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.99M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	104.98M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.14M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$31.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$39.00K	USD	Point-in-time
Deposits and prepaid amounts	`PrepaidExpenseCurrent`	$707.00K	USD	Point-in-time
Deposits and prepaid amounts	`PrepaidExpenseCurrent`	$532.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$15.24M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$16.89M	USD	Point-in-time
Plant and equipment	`PropertyPlantAndEquipmentNet`	$394.00K	USD	Point-in-time
Plant and equipment	`PropertyPlantAndEquipmentNet`	$446.00K	USD	Point-in-time
Mineral properties and development costs	`MineralPropertiesNet`	$33.85M	USD	Point-in-time
Mineral properties and development costs	`MineralPropertiesNet`	$33.85M	USD	Point-in-time
Mineral properties and development costs	`MineralPropertiesNet`	$30.59M	USD	Point-in-time
Total Assets	`Assets`	$51.18M	USD	Point-in-time
Total Assets	`Assets`	$49.48M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$497.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$751.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$497.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$751.00K	USD	Point-in-time
Share capital - unlimited common shares authorized, no par value Issued - 104,979,820 (2015 - 104,796,421)	`CommonStockValue`	$136.10M	USD	Point-in-time
Share capital - unlimited common shares authorized, no par value Issued - 104,979,820 (2015 - 104,796,421)	`CommonStockValue`	$136.04M	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`	$18.02M	USD	Point-in-time
Contributed surplus - options	`AdditionalPaidInCapital`	$17.84M	USD	Point-in-time
Contributed surplus - units	`ContributedSurplusUnits`	$1.17M	USD	Point-in-time
Contributed surplus - units	`ContributedSurplusUnits`	$1.16M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-108.60M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-106.90M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$50.43M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$34.60M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$48.99M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$35.85M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$49.48M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$51.18M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Amortization	`DepreciationAndAmortization`	$54.00K	USD	1 Quarter
Amortization	`DepreciationAndAmortization`	$143.00K	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$20.00K	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-9.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$381.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$348.00K	USD	1 Quarter
Investor relations	`BusinessDevelopment`	$6.00K	USD	1 Quarter
Investor relations	`BusinessDevelopment`	$4.00K	USD	1 Quarter
Mineral properties expense	`ExplorationExpenseMining`	$327.00K	USD	1 Quarter
Mineral properties expense	`ExplorationExpenseMining`	$667.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$136.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$161.00K	USD	1 Quarter
Salaries	`SalariesAndWages`	$213.00K	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`	$282.00K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.71M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.53M	USD	1 Quarter
Interest and other income	`InterestIncomeExpenseNet`	$18.00K	USD	1 Quarter
Interest and other income	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Loss and comprehensive loss for the period	`NetIncomeLoss`	$-1.53M	USD	1 Quarter
Loss and comprehensive loss for the period	`NetIncomeLoss`	$-1.70M	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$0.03	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$0.02	USD	1 Quarter
Weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	60.61M	shares	1 Quarter
Weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	104.94M	shares	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Loss for the period	`NetIncomeLoss`	$-1.53M	USD	1 Quarter
Loss for the period	`NetIncomeLoss`	$-1.70M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$54.00K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$143.00K	USD	1 Quarter
Stock-based compensation	`StockBasedCompensation`	$253.00K	USD	1 Quarter
Stock-based compensation	`StockBasedCompensation`	$282.00K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-119.00K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.00K	USD	1 Quarter
Decrease (increase) in deposits and prepaid amounts	`IncreaseDecreaseInPrepaidExpense`	$-152.00K	USD	1 Quarter
Decrease (increase) in deposits and prepaid amounts	`IncreaseDecreaseInPrepaidExpense`	$-175.00K	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`	$-254.00K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.46M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.09M	USD	1 Quarter
Acquisition of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Acquisition of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.00K	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.00K	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.46M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.09M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.07M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.68M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.99M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.14M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.07M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.68M	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`	$16.14M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$50.43M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$34.60M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$48.99M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$35.85M	USD	Point-in-time
Exercise of Sunward Arrangement Options (Shares)	`ExerciseOfSunwardArrangementOptionsShares`	347,999.00	shares	Annual
Restricted Share Units	`VestingOfRestrictedShareUnits`	$-29.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$282.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$282.00K	USD	1 Quarter
Loss for the period	`NetIncomeLoss`	$-1.53M	USD	1 Quarter
Loss for the period	`NetIncomeLoss`	$-1.70M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$50.43M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$34.60M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$48.99M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$35.85M	USD	Point-in-time

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