10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001415889-14-001584 |
| Period End Date | 20140331 |
| Filing Date | 20140520 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | silv-20140331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred stock, par value |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
- | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
- | USD | Point-in-time |
| Total Assets |
Assets
|
- | USD | Point-in-time |
| Total Assets |
Assets
|
- | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$466.49K | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$598.35K | USD | Point-in-time |
| Accounts payable - related party |
AccountsPayableRelatedPartiesCurrent
|
$175.00K | USD | Point-in-time |
| Accounts payable - related party |
AccountsPayableRelatedPartiesCurrent
|
$175.00K | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
200.00M | shares | Point-in-time |
| Loan payable - related party |
ConvertibleNotesPayableCurrent
|
$10.00K | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
1.51M | shares | Point-in-time |
| Loan payable - related party |
ConvertibleNotesPayableCurrent
|
- | USD | Point-in-time |
| Derivative liability |
DerivativeLiabilitiesCurrent
|
$33.66K | USD | Point-in-time |
| Derivative liability |
DerivativeLiabilitiesCurrent
|
$11.94K | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
1.51M | shares | Point-in-time |
| Liabilities for discontinued operations |
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
$112.40K | USD | Point-in-time |
| Liabilities for discontinued operations |
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
$112.40K | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$929.41K | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$765.83K | USD | Point-in-time |
| Common stock, $0.0001 par value; 200,000,000 shares authorized, 1,510,950 shares issued and outstanding |
CommonStockValue
|
$151.00 | USD | Point-in-time |
| Common stock, $0.0001 par value; 200,000,000 shares authorized, 1,510,950 shares issued and outstanding |
CommonStockValue
|
$151.00 | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$48.38M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$48.20M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-41.95M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-41.95M | USD | Point-in-time |
| Accumulated deficit since inception of exploration stage (April 25, 2011) |
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
|
$7.02M | USD | Point-in-time |
| Accumulated deficit since inception of exploration stage (April 25, 2011) |
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
|
$7.37M | USD | Point-in-time |
| Total Stockholders' Deficit |
StockholdersEquity
|
$-929.41K | USD | Point-in-time |
| Total Stockholders' Deficit |
StockholdersEquity
|
$-795.83K | USD | Point-in-time |
| Total Liabilities and Stockholders' Deficit |
LiabilitiesAndStockholdersEquity
|
- | USD | Point-in-time |
| Total Liabilities and Stockholders' Deficit |
LiabilitiesAndStockholdersEquity
|
- | USD | Point-in-time |
Income Statement
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net revenues |
SalesRevenueNet
|
- | USD | 12 Qtrs |
| Net revenues |
SalesRevenueNet
|
- | USD | 1 Quarter |
| Net revenues |
SalesRevenueNet
|
- | USD | 1 Quarter |
| Payroll expense and stock based compensation |
OtherLaborRelatedExpenses
|
$70.80K | USD | 1 Quarter |
| Payroll expense and stock based compensation |
OtherLaborRelatedExpenses
|
$4.64M | USD | 12 Qtrs |
| Payroll expense and stock based compensation |
OtherLaborRelatedExpenses
|
$60.00K | USD | 1 Quarter |
| Management fees - related party |
ManagementFeesRevenue
|
$-525.00K | USD | 12 Qtrs |
| Management fees - related party |
ManagementFeesRevenue
|
$-75.00K | USD | 1 Quarter |
| Management fees - related party |
ManagementFeesRevenue
|
- | USD | 1 Quarter |
| Exploration cost |
ExplorationExpenseMining
|
$5.00K | USD | 1 Quarter |
| Exploration cost |
ExplorationExpenseMining
|
- | USD | 1 Quarter |
| Exploration cost |
ExplorationExpenseMining
|
$277.19K | USD | 12 Qtrs |
| Impairment of mineral rights |
OtherAssetImpairmentCharges
|
- | USD | 1 Quarter |
| Impairment of mineral rights |
OtherAssetImpairmentCharges
|
- | USD | 1 Quarter |
| Impairment of mineral rights |
OtherAssetImpairmentCharges
|
$500.00K | USD | 12 Qtrs |
| Professional and consulting |
ProfessionalFees
|
$232.03K | USD | 1 Quarter |
| Professional and consulting |
ProfessionalFees
|
$951.29K | USD | 12 Qtrs |
| Professional and consulting |
ProfessionalFees
|
$11.60K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$469.26K | USD | 12 Qtrs |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$7.62K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$29.66K | USD | 1 Quarter |
| Total Operating Expenses |
OperatingExpenses
|
$321.69K | USD | 1 Quarter |
| Total Operating Expenses |
OperatingExpenses
|
$170.02K | USD | 1 Quarter |
| Total Operating Expenses |
OperatingExpenses
|
$7.36M | USD | 12 Qtrs |
| Loss from Operations |
OperatingIncomeLoss
|
$-170.02K | USD | 1 Quarter |
| Loss from Operations |
OperatingIncomeLoss
|
$-321.69K | USD | 1 Quarter |
| Loss from Operations |
OperatingIncomeLoss
|
$-7.36M | USD | 12 Qtrs |
| Gain on settlement of debt |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Gain on settlement of debt |
GainsLossesOnExtinguishmentOfDebt
|
$1.29M | USD | 12 Qtrs |
| Gain on settlement of debt |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Interest expense |
InterestIncomeExpenseNet
|
$-29.11K | USD | 1 Quarter |
| Interest expense |
InterestIncomeExpenseNet
|
- | USD | 1 Quarter |
| Interest expense |
InterestIncomeExpenseNet
|
$-609.38K | USD | 12 Qtrs |
| Derivative expense |
DerivativeGainLossOnDerivativeNet
|
- | USD | 1 Quarter |
| Derivative expense |
DerivativeGainLossOnDerivativeNet
|
- | USD | 1 Quarter |
| Derivative expense |
DerivativeGainLossOnDerivativeNet
|
$-174.13K | USD | 12 Qtrs |
| Change in fair value of derivative liability |
IncreaseDecreaseInDerivativeLiabilities
|
$-15.15K | USD | Annual |
| Change in fair value of derivative liability |
IncreaseDecreaseInDerivativeLiabilities
|
$509.31K | USD | 12 Qtrs |
| Change in fair value of derivative liability |
IncreaseDecreaseInDerivativeLiabilities
|
$-15.15K | USD | 1 Quarter |
| Change in fair value of derivative liability |
IncreaseDecreaseInDerivativeLiabilities
|
$21.72K | USD | 1 Quarter |
| Total Other Expense, net |
OtherNonoperatingIncomeExpense
|
$-21.72K | USD | 1 Quarter |
| Total Other Expense, net |
OtherNonoperatingIncomeExpense
|
$-6.94K | USD | 12 Qtrs |
| Total Other Expense, net |
OtherNonoperatingIncomeExpense
|
$-13.96K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-7.37M | USD | 12 Qtrs |
| Net Loss |
NetIncomeLoss
|
$-183.98K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-343.41K | USD | 1 Quarter |
| Net Loss Per Share - Basic and Diluted |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$-0.11 | USD | 1 Quarter |
| Net Loss Per Share - Basic and Diluted |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$-0.23 | USD | 1 Quarter |
| Weighted average number of shares outstanding during the period Basic and Diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
1.69M | shares | 1 Quarter |
| Weighted average number of shares outstanding during the period Basic and Diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
1.51M | shares | 1 Quarter |
Cash Flow Statement
97 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Loss |
NetIncomeLoss
|
$-7.37M | USD | 12 Qtrs |
| Net Loss |
NetIncomeLoss
|
$-183.98K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-343.41K | USD | 1 Quarter |
| Amortization of prepaid expenses |
OtherAmortizationOfDeferredCharges
|
- | USD | 1 Quarter |
| Amortization of prepaid expenses |
OtherAmortizationOfDeferredCharges
|
- | USD | 1 Quarter |
| Amortization of prepaid expenses |
OtherAmortizationOfDeferredCharges
|
$95.03K | USD | 12 Qtrs |
| Amortization of debt issuance costs |
AmortizationOfFinancingCostsAndDiscounts
|
$5.21K | USD | 12 Qtrs |
| Amortization of debt issuance costs |
AmortizationOfFinancingCostsAndDiscounts
|
- | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCostsAndDiscounts
|
- | USD | 1 Quarter |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
$487.24K | USD | 12 Qtrs |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
- | USD | 1 Quarter |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
$27.02K | USD | 1 Quarter |
| Interest expense in connection with the conversion of debentures |
InterestExpenseSubordinatedNotesAndDebentures
|
- | USD | 1 Quarter |
| Interest expense in connection with the conversion of debentures |
InterestExpenseSubordinatedNotesAndDebentures
|
- | USD | 1 Quarter |
| Interest expense in connection with the conversion of debentures |
InterestExpenseSubordinatedNotesAndDebentures
|
$68.15K | USD | 12 Qtrs |
| Impairment of mineral rights |
OtherAssetImpairmentCharges
|
- | USD | 1 Quarter |
| Impairment of mineral rights |
OtherAssetImpairmentCharges
|
- | USD | 1 Quarter |
| Impairment of mineral rights |
OtherAssetImpairmentCharges
|
$500.00K | USD | 12 Qtrs |
| Derivative liability expense |
DerivativeGainLossOnDerivativeNet
|
- | USD | 1 Quarter |
| Derivative liability expense |
DerivativeGainLossOnDerivativeNet
|
- | USD | 1 Quarter |
| Derivative liability expense |
DerivativeGainLossOnDerivativeNet
|
$-174.13K | USD | 12 Qtrs |
| Change in fair value of derivative liabilities |
IncreaseDecreaseInDerivativeLiabilities
|
$-15.15K | USD | Annual |
| Change in fair value of derivative liabilities |
IncreaseDecreaseInDerivativeLiabilities
|
$509.31K | USD | 12 Qtrs |
| Change in fair value of derivative liabilities |
IncreaseDecreaseInDerivativeLiabilities
|
$-15.15K | USD | 1 Quarter |
| Change in fair value of derivative liabilities |
IncreaseDecreaseInDerivativeLiabilities
|
$21.72K | USD | 1 Quarter |
| Stock based consulting expense |
ShareBasedGoodsAndNonemployeeServicesTransactionModificationOfTermsIncrementalCompensationCost
|
$179.83K | USD | 1 Quarter |
| Stock based consulting expense |
ShareBasedGoodsAndNonemployeeServicesTransactionModificationOfTermsIncrementalCompensationCost
|
$309.83K | USD | 12 Qtrs |
| Stock based consulting expense |
ShareBasedGoodsAndNonemployeeServicesTransactionModificationOfTermsIncrementalCompensationCost
|
- | USD | 1 Quarter |
| Stock based compensation expense |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Stock based compensation expense |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Stock based compensation expense |
ShareBasedCompensation
|
$373.65K | USD | 12 Qtrs |
| Common stock issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
- | USD | 1 Quarter |
| Common stock issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
$3.50M | USD | 12 Qtrs |
| Common stock issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
- | USD | 1 Quarter |
| Gain from settlement of debt |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Gain from settlement of debt |
GainsLossesOnExtinguishmentOfDebt
|
$1.29M | USD | 12 Qtrs |
| Gain from settlement of debt |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Decrease in prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
- | USD | 1 Quarter |
| Decrease in prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$5.50K | USD | 1 Quarter |
| Decrease in prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$11.14K | USD | 12 Qtrs |
| Increase/(decrease) accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$166.61K | USD | 1 Quarter |
| Increase/(decrease) accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$131.86K | USD | 1 Quarter |
| Increase/(decrease) accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$1.82M | USD | 12 Qtrs |
| Net Cash Used In Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-10.00K | USD | 1 Quarter |
| Net Cash Used In Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
- | USD | 1 Quarter |
| Net Cash Used In Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-793.83K | USD | 12 Qtrs |
| Proceeds from issuance of preferred stock |
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
- | USD | 1 Quarter |
| Proceeds from issuance of preferred stock |
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
$50.00K | USD | 12 Qtrs |
| Proceeds from issuance of preferred stock |
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
- | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$550.00K | USD | 12 Qtrs |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Net proceeds from a loan - related party |
ProceedsFromLoans
|
$10.00K | USD | 12 Qtrs |
| Net proceeds from a loan - related party |
ProceedsFromLoans
|
$10.00K | USD | 1 Quarter |
| Net proceeds from a loan - related party |
ProceedsFromLoans
|
- | USD | 1 Quarter |
| Net proceeds from debentures |
ProceedsFromNotesPayable
|
- | USD | 1 Quarter |
| Net proceeds from debentures |
ProceedsFromNotesPayable
|
- | USD | 1 Quarter |
| Net proceeds from debentures |
ProceedsFromNotesPayable
|
$127.50K | USD | 12 Qtrs |
| Net Cash Provided by Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$10.00K | USD | 1 Quarter |
| Net Cash Provided by Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
- | USD | 1 Quarter |
| Net Cash Provided by Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$737.50K | USD | 12 Qtrs |
| Net decrease in Cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
- | USD | 1 Quarter |
| Net decrease in Cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
- | USD | 1 Quarter |
| Net decrease in Cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-56.33K | USD | 12 Qtrs |
| Cash at Beginning of Period |
CashAndCashEquivalentsAtCarryingValue
|
$20.00 | USD | Point-in-time |
| Cash at Beginning of Period |
CashAndCashEquivalentsAtCarryingValue
|
$56.33K | USD | Point-in-time |
| Cash at Beginning of Period |
CashAndCashEquivalentsAtCarryingValue
|
$20.00 | USD | Point-in-time |
| Cash at Beginning of Period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash at Beginning of Period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$20.00 | USD | Point-in-time |
| Cash at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$56.33K | USD | Point-in-time |
| Cash at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$20.00 | USD | Point-in-time |
| Cash at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash paid for interest |
InterestPaid
|
- | USD | 1 Quarter |
| Cash paid for interest |
InterestPaid
|
- | USD | 1 Quarter |
| Cash paid for interest |
InterestPaid
|
- | USD | 12 Qtrs |
| Cash paid for taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Cash paid for taxes |
IncomeTaxesPaid
|
- | USD | 12 Qtrs |
| Cash paid for taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Contributed capital in connection with an extinguishment of a convertible debenture |
ContributedCapitalInConnectionWithAnExtinguishmentOfAConvertibleDebenture
|
- | USD | 1 Quarter |
| Contributed capital in connection with an extinguishment of a convertible debenture |
ContributedCapitalInConnectionWithAnExtinguishmentOfAConvertibleDebenture
|
$31.67K | USD | 12 Qtrs |
| Issuance of common stock for convertible debentures |
DebtConversionOriginalDebtAmount1
|
- | USD | 1 Quarter |
| Issuance of common stock for convertible debentures |
DebtConversionOriginalDebtAmount1
|
- | USD | 1 Quarter |
| Issuance of common stock for convertible debentures |
DebtConversionOriginalDebtAmount1
|
$505.00K | USD | 12 Qtrs |
| Reclassification of derivative liability to equity |
ReclassificationOfDerivativeLiabilityUponExtinguishmentOfConvertibleDebenturesValue
|
- | USD | 1 Quarter |
| Reclassification of derivative liability to equity |
ReclassificationOfDerivativeLiabilityUponExtinguishmentOfConvertibleDebenturesValue
|
$9.90M | USD | 12 Qtrs |
| Reclassification of derivative liability to equity |
ReclassificationOfDerivativeLiabilityUponExtinguishmentOfConvertibleDebenturesValue
|
- | USD | 1 Quarter |
| Issuance of common stock in connection with the transfer and conveyance of certain silver mining claim |
StockIssued1
|
- | USD | 1 Quarter |
| Issuance of common stock in connection with the transfer and conveyance of certain silver mining claim |
StockIssued1
|
- | USD | 1 Quarter |
| Issuance of common stock in connection with the transfer and conveyance of certain silver mining claim |
StockIssued1
|
$500.00K | USD | 12 Qtrs |
| Issuance of convertible promissory notes |
IncreaseDecreaseInNotesPayableCurrent
|
- | USD | 1 Quarter |
| Issuance of convertible promissory notes |
IncreaseDecreaseInNotesPayableCurrent
|
$105.88K | USD | 12 Qtrs |
| Issuance of convertible promissory notes |
IncreaseDecreaseInNotesPayableCurrent
|
- | USD | 1 Quarter |
| Operating expenses paid by a minority stockholder directly to the Company's vendors |
OtherOperatingIncomeExpenseNet
|
- | USD | 1 Quarter |
| Operating expenses paid by a minority stockholder directly to the Company's vendors |
OtherOperatingIncomeExpenseNet
|
- | USD | 1 Quarter |
| Operating expenses paid by a minority stockholder directly to the Company's vendors |
OtherOperatingIncomeExpenseNet
|
$-19.68K | USD | 12 Qtrs |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.