10-Q Filing

Trilogy Metals Inc. CIK: 1543418 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001062993-16-010431`
Period End Date	20160531
Filing Date	20160707
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	ncq-20160531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 52 Cash Flow Statement 52 Stockholders Equity 16

Balance Sheet 47 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`	$13.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.14M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	104.80M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	105.02M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	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
Accounts receivable	`AccountsReceivableNetCurrent`	$42.00K	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`	$688.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$16.89M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$13.73M	USD	Point-in-time
Plant and equipment	`PropertyPlantAndEquipmentNet`	$345.00K	USD	Point-in-time
Plant and equipment	`PropertyPlantAndEquipmentNet`	$446.00K	USD	Point-in-time
Mineral properties and development costs	`MineralPropertiesNet`	$30.59M	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
Total Assets	`Assets`	$47.92M	USD	Point-in-time
Total Assets	`Assets`	$51.18M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$751.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$469.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$751.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$469.00K	USD	Point-in-time
Share capital - unlimited common shares authorized, no par value Issued - 105,024,874 (2015 - 104,796,421)	`CommonStockValue`	$136.04M	USD	Point-in-time
Share capital - unlimited common shares authorized, no par value Issued - 105,024,874 (2015 - 104,796,421)	`CommonStockValue`	$136.12M	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`	$18.08M	USD	Point-in-time
Contributed surplus - options	`AdditionalPaidInCapital`	$17.84M	USD	Point-in-time
Contributed surplus - units	`ContributedSurplusUnits`	$1.16M	USD	Point-in-time
Contributed surplus - units	`ContributedSurplusUnits`	$1.22M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-106.90M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-110.25M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$47.46M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$32.94M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$35.85M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$50.43M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$51.18M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$47.92M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Amortization	`DepreciationAndAmortization`	$236.00K	USD	2 Qtrs
Amortization	`DepreciationAndAmortization`	$52.00K	USD	1 Quarter
Amortization	`DepreciationAndAmortization`	$106.00K	USD	2 Qtrs
Amortization	`DepreciationAndAmortization`	$93.00K	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.00K	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$27.00K	USD	2 Qtrs
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$7.00K	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-10.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$761.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$374.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$722.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$380.00K	USD	1 Quarter
Investor relations	`BusinessDevelopment`	$46.00K	USD	1 Quarter
Investor relations	`BusinessDevelopment`	$50.00K	USD	2 Qtrs
Investor relations	`BusinessDevelopment`	$4.00K	USD	1 Quarter
Investor relations	`BusinessDevelopment`	$10.00K	USD	2 Qtrs
Mineral properties expense	`ExplorationExpenseMining`	$1.28M	USD	2 Qtrs
Mineral properties expense	`ExplorationExpenseMining`	$291.00K	USD	1 Quarter
Mineral properties expense	`ExplorationExpenseMining`	$611.00K	USD	1 Quarter
Mineral properties expense	`ExplorationExpenseMining`	$618.00K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$685.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$210.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$846.00K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$346.00K	USD	2 Qtrs
Salaries	`SalariesAndWages`	$469.00K	USD	2 Qtrs
Salaries	`SalariesAndWages`	$256.00K	USD	1 Quarter
Salaries	`SalariesAndWages`	$469.00K	USD	2 Qtrs
Salaries	`SalariesAndWages`	$219.00K	USD	1 Quarter
Salaries - stock-based compensation	`AllocatedShareBasedCompensationExpense`	$371.00K	USD	2 Qtrs
Salaries - stock-based compensation	`AllocatedShareBasedCompensationExpense`	$398.00K	USD	2 Qtrs
Salaries - stock-based compensation	`AllocatedShareBasedCompensationExpense`	$116.00K	USD	1 Quarter
Salaries - stock-based compensation	`AllocatedShareBasedCompensationExpense`	$89.00K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.75M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$3.38M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$3.28M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$1.67M	USD	1 Quarter
Interest and other income	`InterestIncomeExpenseNet`	$4.00K	USD	2 Qtrs
Interest and other income	`InterestIncomeExpenseNet`	$18.00K	USD	1 Quarter
Interest and other income	`InterestIncomeExpenseNet`	$36.00K	USD	2 Qtrs
Interest and other income	`InterestIncomeExpenseNet`	$4.00K	USD	1 Quarter
Loss and comprehensive loss for the period	`NetIncomeLoss`	$-1.65M	USD	1 Quarter
Loss and comprehensive loss for the period	`NetIncomeLoss`	$-1.75M	USD	1 Quarter
Loss and comprehensive loss for the period	`NetIncomeLoss`	$-3.34M	USD	2 Qtrs
Loss and comprehensive loss for the period	`NetIncomeLoss`	$-3.28M	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$0.05	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$0.03	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$0.03	USD	1 Quarter
Weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	60.62B	shares	2 Qtrs
Weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	104.99B	shares	1 Quarter
Weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	60.63B	shares	1 Quarter
Weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	104.96B	shares	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Loss for the period	`NetIncomeLoss`	$-1.65M	USD	1 Quarter
Loss for the period	`NetIncomeLoss`	$-1.75M	USD	1 Quarter
Loss for the period	`NetIncomeLoss`	$-3.34M	USD	2 Qtrs
Loss for the period	`NetIncomeLoss`	$-3.28M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$93.00K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$106.00K	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$236.00K	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$52.00K	USD	1 Quarter
Stock-based compensation	`StockBasedCompensation`	$116.00K	USD	1 Quarter
Stock-based compensation	`StockBasedCompensation`	$89.00K	USD	1 Quarter
Stock-based compensation	`StockBasedCompensation`	$369.00K	USD	2 Qtrs
Stock-based compensation	`StockBasedCompensation`	$371.00K	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-72.00K	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.00K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.00K	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$47.00K	USD	1 Quarter
Decrease (increase) in deposits and prepaid amounts	`IncreaseDecreaseInPrepaidExpense`	$156.00K	USD	1 Quarter
Decrease (increase) in deposits and prepaid amounts	`IncreaseDecreaseInPrepaidExpense`	$177.00K	USD	1 Quarter
Decrease (increase) in deposits and prepaid amounts	`IncreaseDecreaseInPrepaidExpense`	$-19.00K	USD	2 Qtrs
Decrease (increase) in deposits and prepaid amounts	`IncreaseDecreaseInPrepaidExpense`	$25.00K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-282.00K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-28.00K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$301.00K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$536.00K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.26M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.13M	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.68M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.33M	USD	2 Qtrs
Acquisition of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.00K	USD	2 Qtrs
Acquisition of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.00K	USD	1 Quarter
Acquisition of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.00K	USD	2 Qtrs
Acquisition of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.00K	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.00K	USD	2 Qtrs
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.00K	USD	2 Qtrs
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.34M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.26M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.14M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.68M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.00M	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 - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	USD	Point-in-time
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 - end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.00M	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
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	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

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$47.46M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$32.94M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$35.85M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$50.43M	USD	Point-in-time
Restricted Share Units	`VestingOfRestrictedShareUnits`	$-29.00K	USD	2 Qtrs
Exercise of options (Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-100,000.00	shares	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$371.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$398.00K	USD	2 Qtrs
Loss for the period	`NetIncomeLoss`	$-1.65M	USD	1 Quarter
Loss for the period	`NetIncomeLoss`	$-1.75M	USD	1 Quarter
Loss for the period	`NetIncomeLoss`	$-3.34M	USD	2 Qtrs
Loss for the period	`NetIncomeLoss`	$-3.28M	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$47.46M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$32.94M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$35.85M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$50.43M	USD	Point-in-time

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