10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001493152-23-006456 |
| Period End Date | 20221231 |
| Filing Date | 20230301 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | form10-q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Common stock, par value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.30M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.69M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
1.93M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
1.93M | shares | Point-in-time |
| Trade and other receivables, net |
AccountsAndOtherReceivablesNetCurrent
|
$185.47K | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
1.93M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
1.93M | shares | Point-in-time |
| Trade and other receivables, net |
AccountsAndOtherReceivablesNetCurrent
|
$137.21K | USD | Point-in-time |
| Prepaid expenses and deposits |
PrepaidExpensesAndDepositsCurrent
|
$204.96K | USD | Point-in-time |
| Prepaid expenses and deposits |
PrepaidExpensesAndDepositsCurrent
|
$317.28K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.08M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$3.75M | USD | Point-in-time |
| Reclamation deposits |
ReclamationDeposits
|
$145.00K | USD | Point-in-time |
| Reclamation deposits |
ReclamationDeposits
|
$145.00K | USD | Point-in-time |
| Property and equipment, net of accumulated depreciation and depletion |
PropertyPlantAndEquipmentNet
|
$8.43M | USD | Point-in-time |
| Property and equipment, net of accumulated depreciation and depletion |
PropertyPlantAndEquipmentNet
|
$9.87M | USD | Point-in-time |
| Right of use asset, net |
OperatingLeaseRightOfUseAsset
|
$240.80K | USD | Point-in-time |
| Right of use asset, net |
OperatingLeaseRightOfUseAsset
|
$212.49K | USD | Point-in-time |
| Total assets |
Assets
|
$12.57M | USD | Point-in-time |
| Total assets |
Assets
|
$12.32M | USD | Point-in-time |
| Trade and other payables |
AccountsPayableOtherCurrent
|
$1.56M | USD | Point-in-time |
| Trade and other payables |
AccountsPayableOtherCurrent
|
$2.70M | USD | Point-in-time |
| Convertible debenture |
ConvertibleDebtCurrent
|
- | USD | Point-in-time |
| Convertible debenture |
ConvertibleDebtCurrent
|
$38.29K | USD | Point-in-time |
| Lease liability current portion |
OperatingLeaseLiabilityCurrent
|
$91.67K | USD | Point-in-time |
| Lease liability current portion |
OperatingLeaseLiabilityCurrent
|
$104.22K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.79M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.70M | USD | Point-in-time |
| Asset retirement obligations |
AssetRetirementObligationsNoncurrent
|
$244.41K | USD | Point-in-time |
| Asset retirement obligations |
AssetRetirementObligationsNoncurrent
|
$236.41K | USD | Point-in-time |
| Lease liability, less current portion |
OperatingLeaseLiabilityNoncurrent
|
$126.80K | USD | Point-in-time |
| Lease liability, less current portion |
OperatingLeaseLiabilityNoncurrent
|
$140.68K | USD | Point-in-time |
| Warrant liability |
WarrantLiabilityNoncurrent
|
$23.50K | USD | Point-in-time |
| Warrant liability |
WarrantLiabilityNoncurrent
|
$166.00 | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.10M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$3.16M | USD | Point-in-time |
| Common stock, no par value per share; unlimited shares authorized, 1,932,604 shares* issued and outstanding as of December 31, 2022 and September 30, 2022 |
CommonStockValue
|
$14.34M | USD | Point-in-time |
| Common stock, no par value per share; unlimited shares authorized, 1,932,604 shares* issued and outstanding as of December 31, 2022 and September 30, 2022 |
CommonStockValue
|
$14.34M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$4.51M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$4.51M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-127.41K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-127.41K | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-9.57M | USD | Point-in-time |
| Deficit |
RetainedEarningsAccumulatedDeficit
|
$-8.26M | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$10.46M | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$5.99M | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$5.78M | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$9.15M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$12.32M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$12.57M | USD | Point-in-time |
Income Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Oil and gas sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$89.99K | USD | 1 Quarter |
| Oil and gas sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$213.75K | USD | 1 Quarter |
| Royalty income |
RevenueNotFromContractWithCustomerExcludingInterestIncome
|
$16.46K | USD | 1 Quarter |
| Royalty income |
RevenueNotFromContractWithCustomerExcludingInterestIncome
|
$8.19K | USD | 1 Quarter |
| Total revenues |
RevenuesNetOfInterestExpense
|
$106.45K | USD | 1 Quarter |
| Total revenues |
RevenuesNetOfInterestExpense
|
$221.94K | USD | 1 Quarter |
| Production |
ResultsOfOperationsExpenseFromOilAndGasProducingActivities
|
$292.68K | USD | 1 Quarter |
| Production |
ResultsOfOperationsExpenseFromOilAndGasProducingActivities
|
$81.88K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$809.61K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.22M | USD | 1 Quarter |
| Depletion and depreciation |
DepreciationDepletionAndAmortization
|
$32.01K | USD | 1 Quarter |
| Depletion and depreciation |
DepreciationDepletionAndAmortization
|
$40.20K | USD | 1 Quarter |
| Accretion on asset retirement obligations |
AccretionExpenseIncludingAssetRetirementObligations
|
$7.99K | USD | 1 Quarter |
| Accretion on asset retirement obligations |
AccretionExpenseIncludingAssetRetirementObligations
|
$8.25K | USD | 1 Quarter |
| Foreign exchange gain (loss) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-3.31K | USD | 1 Quarter |
| Foreign exchange gain (loss) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-4.97K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$936.72K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$1.56M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-830.27K | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-1.34M | USD | 1 Quarter |
| Other income |
OtherIncome
|
$6.00K | USD | 1 Quarter |
| Other income |
OtherIncome
|
- | USD | 1 Quarter |
| Finance expense |
FinanceLeaseInterestExpense
|
$1.18K | USD | 1 Quarter |
| Finance expense |
FinanceLeaseInterestExpense
|
$23.47K | USD | 1 Quarter |
| Change in fair value of warrant liability |
FairValueAdjustmentOfWarrants
|
$-23.33K | USD | 1 Quarter |
| Change in fair value of warrant liability |
FairValueAdjustmentOfWarrants
|
$-102.55K | USD | 1 Quarter |
| Total other income (expense) |
OtherNonoperatingIncomeExpense
|
$28.15K | USD | 1 Quarter |
| Total other income (expense) |
OtherNonoperatingIncomeExpense
|
$79.08K | USD | 1 Quarter |
| Net loss and comprehensive loss |
NetIncomeLoss
|
$-751.19K | USD | 1 Quarter |
| Net loss and comprehensive loss |
NetIncomeLoss
|
$-1.31M | USD | 1 Quarter |
| Basic and diluted loss per common share |
EarningsPerShareBasic
|
$-0.68 | USD | 1 Quarter |
| Basic and diluted loss per common share |
EarningsPerShareBasic
|
$-0.66 | USD | 1 Quarter |
| Weighted average number of common shares outstanding* |
WeightedAverageNumberOfSharesOutstandingBasic
|
1.13M | shares | 1 Quarter |
| Weighted average number of common shares outstanding* |
WeightedAverageNumberOfSharesOutstandingBasic
|
1.93M | shares | 1 Quarter |
Cash Flow Statement
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-751.19K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-1.31M | USD | 1 Quarter |
| Accretion on asset retirement obligations |
AccretionExpenseIncludingAssetRetirementObligations
|
$7.99K | USD | 1 Quarter |
| Accretion on asset retirement obligations |
AccretionExpenseIncludingAssetRetirementObligations
|
$8.25K | USD | 1 Quarter |
| Depletion and depreciation |
DepreciationAndAmortization
|
$32.01K | USD | 1 Quarter |
| Depletion and depreciation |
DepreciationAndAmortization
|
$40.20K | USD | 1 Quarter |
| Foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossRealized
|
$-474.00 | USD | 1 Quarter |
| Foreign exchange loss (gain) |
ForeignCurrencyTransactionGainLossRealized
|
- | USD | 1 Quarter |
| Finance expense |
FinanceLeaseRightOfUseAssetAmortization
|
$11.07K | USD | 1 Quarter |
| Finance expense |
FinanceLeaseRightOfUseAssetAmortization
|
- | USD | 1 Quarter |
| Change in fair value of warrant liability |
FairValueAdjustmentOfWarrants
|
$-23.33K | USD | 1 Quarter |
| Change in fair value of warrant liability |
FairValueAdjustmentOfWarrants
|
$-102.55K | USD | 1 Quarter |
| Share-based payments |
AllocatedShareBasedCompensationExpense
|
$175.00 | USD | 1 Quarter |
| Share-based payments |
AllocatedShareBasedCompensationExpense
|
$607.33K | USD | 1 Quarter |
| Trade and other receivables |
IncreaseDecreaseInOtherReceivables
|
$48.25K | USD | 1 Quarter |
| Trade and other receivables |
IncreaseDecreaseInOtherReceivables
|
$118.43K | USD | 1 Quarter |
| Prepaid expenses and deposits |
IncreaseDecreaseInPrepaidExpense
|
$2.99K | USD | 1 Quarter |
| Prepaid expenses and deposits |
IncreaseDecreaseInPrepaidExpense
|
$-112.32K | USD | 1 Quarter |
| Trade and other payables |
IncreaseDecreaseInOtherAccountsPayable
|
$514.73K | USD | 1 Quarter |
| Trade and other payables |
IncreaseDecreaseInOtherAccountsPayable
|
$-13.58K | USD | 1 Quarter |
| Right of use asset and lease liability |
IncreaseDecreaseInRightOfUseAssetAndLeaseLiability
|
$-318.00 | USD | 1 Quarter |
| Right of use asset and lease liability |
IncreaseDecreaseInRightOfUseAssetAndLeaseLiability
|
$-1.87K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-703.49K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-329.29K | USD | 1 Quarter |
| Capital expenditures on property and equipment |
PaymentsToAcquireProductiveAssets
|
$865.05K | USD | 1 Quarter |
| Capital expenditures on property and equipment |
PaymentsToAcquireProductiveAssets
|
$8.78K | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-865.05K | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-8.78K | USD | 1 Quarter |
| Proceeds from issuance of private placement units |
ProceedsFromIssuanceOfPrivatePlacement
|
$571.76K | USD | 1 Quarter |
| Proceeds from issuance of private placement units |
ProceedsFromIssuanceOfPrivatePlacement
|
- | USD | 1 Quarter |
| Share issuance costs |
PaymentsOfStockIssuanceCosts
|
$22.98K | USD | 1 Quarter |
| Share issuance costs |
PaymentsOfStockIssuanceCosts
|
- | USD | 1 Quarter |
| Convertible debenture repayment |
RepaymentsOfConvertibleDebt
|
- | USD | 1 Quarter |
| Convertible debenture repayment |
RepaymentsOfConvertibleDebt
|
$38.29K | USD | 1 Quarter |
| Loan from related party |
ProceedsFromRelatedPartyDebt
|
- | USD | 1 Quarter |
| Loan from related party |
ProceedsFromRelatedPartyDebt
|
$3.10K | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$551.88K | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-38.29K | USD | 1 Quarter |
| Change in cash and cash equivalents during the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$213.81K | USD | 1 Quarter |
| Change in cash and cash equivalents during the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-1.61M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.69M | USD | Point-in-time |
| Cash and cash equivalents, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$239.61K | USD | Point-in-time |
| Cash and cash equivalents, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$25.81K | USD | Point-in-time |
| Cash and cash equivalents, beginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$3.30M | USD | Point-in-time |
| Cash and cash equivalents, end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.69M | USD | Point-in-time |
| Cash and cash equivalents, end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$239.61K | USD | Point-in-time |
| Cash and cash equivalents, end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$25.81K | USD | Point-in-time |
| Cash and cash equivalents, end of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$3.30M | USD | Point-in-time |
| Share purchase warrants issued in connection with private placements |
SharePurchaseWarrantsIssuedInConnectionWithPrivatePlacements
|
$226.55K | USD | 1 Quarter |
| Share purchase warrants issued in connection with private placements |
SharePurchaseWarrantsIssuedInConnectionWithPrivatePlacements
|
- | USD | 1 Quarter |
| Trade and other payables related to property and equipment |
TradeAndOtherPayablesRelatedToPropertyAndEquipment
|
$109.89K | USD | 1 Quarter |
| Trade and other payables related to property and equipment |
TradeAndOtherPayablesRelatedToPropertyAndEquipment
|
$1.27M | USD | 1 Quarter |
| Interest paid |
InterestPaidNet
|
$1.18K | USD | 1 Quarter |
| Interest paid |
InterestPaidNet
|
- | USD | 1 Quarter |
Stockholders Equity
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$10.46M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$5.99M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$5.78M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$9.15M | USD | Point-in-time |
| Share-based payments |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$607.33K | USD | 1 Quarter |
| Share-based payments |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$175.00 | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-751.19K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-1.31M | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$10.46M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$5.99M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$5.78M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$9.15M | USD | Point-in-time |
| Private placements |
StockIssuedDuringPeriodValueOther
|
$369.75K | USD | 1 Quarter |
| Share issuance costs |
StockIssuedDuringPeriodValueNewIssues
|
$-14.31K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.