10-Q/A Filing

U.S. GOLD CORP. CIK: 27093 Q1 2013

Filing Information

Form Type	10-Q/A
Accession Number	`0001171520-12-000823`
Period End Date	20120731
Filing Date	20120924
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	dram-20120731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 28 Cash Flow Statement 56

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts and sales returns	`AllowanceForDoubtfulAccountsReceivableCurrent`	$200.00K	USD	Point-in-time
Allowance for doubtful accounts and sales returns	`AllowanceForDoubtfulAccountsReceivableCurrent`	$200.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	54.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$746.70K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$345.11K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	54.00M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	8.93M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts and sales returns of $200,000 at July 31, 2012 and April 30, 2012	`AccountsReceivableNet`	$2.60M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts and sales returns of $200,000 at July 31, 2012 and April 30, 2012	`AccountsReceivableNet`	$3.02M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	10.70M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	10.70M	shares	Point-in-time
Inventories	`InventoryNet`	$2.93M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	8.93M	shares	Point-in-time
Inventories	`InventoryNet`	$3.80M	USD	Point-in-time
Treasury stock (shares)	`TreasuryStockShares`	181,554.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$115.65K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$500.58K	USD	Point-in-time
Treasury stock (shares)	`TreasuryStockShares`	43,900.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.44M	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetNoncurrent`	$375.00K	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetNoncurrent`	-	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$11.98M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$11.98M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$607.87K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$607.87K	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$12.58M	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$12.58M	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$11.89M	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$11.95M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$698.41K	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$638.41K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.83K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$81.45K	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$255.67K	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$296.57K	USD	Point-in-time
Goodwill	`Goodwill`	$1.45M	USD	Point-in-time
Goodwill	`Goodwill`	$1.45M	USD	Point-in-time
Total assets	`Assets`	$11.43M	USD	Point-in-time
Total assets	`Assets`	$11.24M	USD	Point-in-time
Note payable-revolving credit line	`NotesAndLoansPayable`	$120.99K	USD	Point-in-time
Note payable-revolving credit line	`NotesAndLoansPayable`	$951.38K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.17M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$765.62K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$645.72K	USD	Point-in-time
Due to related party - current portion	`DueToRelatedPartiesCurrent`	$333.33K	USD	Point-in-time
Due to related party - current portion	`DueToRelatedPartiesCurrent`	$366.67K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.14M	USD	Point-in-time
Due to related party - long term	`DueToRelatedPartiesNoncurrent`	$1.67M	USD	Point-in-time
Due to related party - long term	`DueToRelatedPartiesNoncurrent`	$1.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.90M	USD	Point-in-time
Common stock, par value $1.00 per share. Authorized 54,000,000 shares; issued and outstanding 10,703,309 at July 31, 2011 and April 30, 2012	`CommonStockValue`	$10.70M	USD	Point-in-time
Common stock, par value $1.00 per share. Authorized 54,000,000 shares; issued and outstanding 10,703,309 at July 31, 2011 and April 30, 2012	`CommonStockValue`	$10.70M	USD	Point-in-time
Treasury stock 181,554 shares as of July 31, 2012 and 43,900 shares as of April 30, 2012 at cost	`TreasuryStockValue`	$45.30K	USD	Point-in-time
Treasury stock 181,554 shares as of July 31, 2012 and 43,900 shares as of April 30, 2012 at cost	`TreasuryStockValue`	$187.56K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.51M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.53M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.24M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.43M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$10.27M	USD	1 Quarter
Revenues	`Revenues`	$8.00M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$6.30M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$7.38M	USD	1 Quarter
Engineering	`TechnologyServicesCosts`	$206.11K	USD	1 Quarter
Engineering	`TechnologyServicesCosts`	$181.44K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.35M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.45M	USD	1 Quarter
Total costs and expenses	`CostOfRevenue`	$8.86M	USD	1 Quarter
Total costs and expenses	`CostOfRevenue`	$11.01M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-866.29K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-740.19K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-102.60K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-71.38K	USD	1 Quarter
Currency loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-11.17K	USD	1 Quarter
Currency loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-38.05K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-109.43K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-113.77K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-975.72K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-853.96K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`ProfitLoss`	$-975.72K	USD	1 Quarter
Net loss	`ProfitLoss`	$-853.96K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-975.72K	USD	1 Quarter
Net loss	`ProfitLoss`	$-853.96K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$100.90K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$178.57K	USD	1 Quarter
Bad debt expense	`AllowanceForLoanAndLeaseLossesRecoveriesOfBadDebts`	$1.41K	USD	1 Quarter
Bad debt expense	`AllowanceForLoanAndLeaseLossesRecoveriesOfBadDebts`	$3.30K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$148.25K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$99.45K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-413.62K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$790.83K	USD	1 Quarter
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$128.73K	USD	1 Quarter
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$-869.25K	USD	1 Quarter
Increase in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-384.93K	USD	1 Quarter
Increase in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-35.03K	USD	1 Quarter
Decrease (increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$14.53K	USD	1 Quarter
Decrease (increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-26.62K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$154.82K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.01M	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$64.34K	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-119.90K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-572.14K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.43M	USD	1 Quarter
Acquisition of business	`PaymentsToAcquireBusinessesGross`	-	USD	1 Quarter
Acquisition of business	`PaymentsToAcquireBusinessesGross`	$57.36K	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$205.07K	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Software development costs	`CapitalizedComputerSoftwarePeriodIncreaseDecrease`	-	USD	1 Quarter
Software development costs	`CapitalizedComputerSoftwarePeriodIncreaseDecrease`	$632.64K	USD	1 Quarter
Issuance of note receivable	`PaymentsToAcquireNotesReceivable`	-	USD	1 Quarter
Issuance of note receivable	`PaymentsToAcquireNotesReceivable`	$375.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-375.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-895.07K	USD	1 Quarter
Net borrowings (payments) under revolving credit line	`ProceedsFromRepaymentsOfLinesOfCredit`	$830.40K	USD	1 Quarter
Net borrowings (payments) under revolving credit line	`ProceedsFromRepaymentsOfLinesOfCredit`	$-1.13M	USD	1 Quarter
Payments under related party note payable	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Payments under related party note payable	`RepaymentsOfRelatedPartyDebt`	$33.33K	USD	1 Quarter
Net proceeds from sale of common shares	`ProceedsFromIssuanceOfCommonStock`	$3.00M	USD	1 Quarter
Net proceeds from sale of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$142.26K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$654.80K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.87M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$401.59K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.15M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.27M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$746.70K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.12M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$345.11K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.27M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$746.70K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.12M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$345.11K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$92.86K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	$71.11K	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter

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