10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001521536-13-000473 |
| Period End Date | 20130331 |
| Filing Date | 20130520 |
| Fiscal Year | 2013 |
| Fiscal Period | Q1 |
| XBRL Instance | silv-20130331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred stock, par value |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Preferred stock, par value |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
10.00M | shares | Point-in-time |
| Cash |
Cash
|
$20.00 | USD | Point-in-time |
| Cash |
Cash
|
$20.00 | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
10.00M | shares | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$2.00K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$7.50K | USD | Point-in-time |
| Total Assets |
Assets
|
$7.52K | USD | Point-in-time |
| Total Assets |
Assets
|
$2.02K | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$492.77K | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
750.00M | shares | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$513.57K | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
750.00M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
253.03M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
253.03M | shares | Point-in-time |
| Accounts payable - related party |
AccountsPayableRelatedPartiesCurrent
|
$994.97K | USD | Point-in-time |
| Accounts payable - related party |
AccountsPayableRelatedPartiesCurrent
|
$849.17K | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
253.03M | shares | Point-in-time |
| Convertible debentures and notes payable, net of debt discounts |
ConvertibleDebenturesNetOfDebtDiscount
|
$237.13K | USD | Point-in-time |
| Convertible debentures and notes payable, net of debt discounts |
ConvertibleDebenturesNetOfDebtDiscount
|
$210.11K | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
253.03M | shares | Point-in-time |
| Derivative liabilities |
DerivativeLiabilitiesCurrent
|
$50.89K | USD | Point-in-time |
| Derivative liabilities |
DerivativeLiabilitiesCurrent
|
$35.74K | USD | 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 Liabilities |
Liabilities
|
$1.72M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$1.89M | USD | Point-in-time |
| Common stock; $0.0001 par value; 750,000,000 shares authorized; 253,033,555 shares issued and outstanding |
CommonStockValue
|
$25.30K | USD | Point-in-time |
| Common stock; $0.0001 par value; 750,000,000 shares authorized; 253,033,555 shares issued and outstanding |
CommonStockValue
|
$25.30K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$47.86M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$47.86M | 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
|
$7.83M | USD | Point-in-time |
| Accumulated deficit since inception of exploration stage (April 25, 2011) |
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
|
$7.65M | USD | Point-in-time |
| Total Stockholders' Deficit |
StockholdersEquity
|
$-1.71M | USD | Point-in-time |
| Total Stockholders' Deficit |
StockholdersEquity
|
$-1.89M | USD | Point-in-time |
| Total Liabilities and Stockholders' Deficit |
LiabilitiesAndStockholdersEquity
|
$7.52K | USD | Point-in-time |
| Total Liabilities and Stockholders' Deficit |
LiabilitiesAndStockholdersEquity
|
$2.02K | USD | Point-in-time |
Income Statement
53 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net revenues |
SalesRevenueNet
|
- | USD | 1 Quarter |
| Net revenues |
SalesRevenueNet
|
- | USD | 8 Qtrs |
| Net revenues |
SalesRevenueNet
|
- | USD | 1 Quarter |
| Payroll expense and stock based compensation |
OtherLaborRelatedExpenses
|
$4.46M | USD | 8 Qtrs |
| Payroll expense and stock based compensation |
OtherLaborRelatedExpenses
|
$70.80K | USD | 1 Quarter |
| Payroll expense and stock based compensation |
OtherLaborRelatedExpenses
|
$3.63M | USD | 1 Quarter |
| Management fees - related party |
ManagementFeesRelatedParty
|
$375.00K | USD | 8 Qtrs |
| Management fees - related party |
ManagementFeesRelatedParty
|
$75.00K | USD | 1 Quarter |
| Management fees - related party |
ManagementFeesRelatedParty
|
$75.00K | USD | 1 Quarter |
| Exploration cost |
ExplorationExpenseMining
|
$277.19K | USD | 8 Qtrs |
| Exploration cost |
ExplorationExpenseMining
|
$10.95K | USD | 1 Quarter |
| Exploration cost |
ExplorationExpenseMining
|
$5.00K | USD | 1 Quarter |
| Impaiment of mineral rights |
OtherAssetImpairmentCharges
|
$500.00K | USD | 8 Qtrs |
| Impaiment of mineral rights |
OtherAssetImpairmentCharges
|
- | USD | 1 Quarter |
| Impaiment of mineral rights |
OtherAssetImpairmentCharges
|
- | USD | 1 Quarter |
| Professional and consulting |
ProfessionalFees
|
$395.25K | USD | 3 Qtrs |
| Professional and consulting |
ProfessionalFees
|
$11.60K | USD | 1 Quarter |
| Professional and consulting |
ProfessionalFees
|
$600.62K | USD | 8 Qtrs |
| Professional and consulting |
ProfessionalFees
|
$70.99K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$7.62K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$24.38K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$423.74K | USD | 8 Qtrs |
| Total operating expenses |
OperatingExpenses
|
$170.02K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$6.63M | USD | 8 Qtrs |
| Total operating expenses |
OperatingExpenses
|
$3.81M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-6.63M | USD | 8 Qtrs |
| Loss from operations |
OperatingIncomeLoss
|
$-3.81M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-170.02K | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-517.91K | USD | 8 Qtrs |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-20.22K | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-29.11K | USD | 1 Quarter |
| Derivative liability expense |
DerivativeGainLossOnDerivativeNet
|
- | USD | 1 Quarter |
| Derivative liability expense |
DerivativeGainLossOnDerivativeNet
|
$-174.13K | USD | 8 Qtrs |
| Derivative liability expense |
DerivativeGainLossOnDerivativeNet
|
- | USD | 1 Quarter |
| Change in fair value of derivative liabilities |
IncreaseDecreaseInDerivativeLiabilities
|
- | USD | 1 Quarter |
| Change in fair value of derivative liabilities |
IncreaseDecreaseInDerivativeLiabilities
|
$505.05K | USD | 8 Qtrs |
| Change in fair value of derivative liabilities |
IncreaseDecreaseInDerivativeLiabilities
|
$-15.15K | USD | 1 Quarter |
| Total other expense, net |
OtherNonoperatingIncomeExpense
|
$-1.20M | USD | 8 Qtrs |
| Total other expense, net |
OtherNonoperatingIncomeExpense
|
$-20.22K | USD | 1 Quarter |
| Total other expense, net |
OtherNonoperatingIncomeExpense
|
$-13.96K | USD | 1 Quarter |
| Loss before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-7.83M | USD | 8 Qtrs |
| Loss before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-183.98K | USD | 1 Quarter |
| Loss before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-3.83M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
- | USD | 8 Qtrs |
| Net loss |
NetIncomeLoss
|
$-3.83M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-7.83M | USD | 8 Qtrs |
| Net loss |
NetIncomeLoss
|
$-183.98K | USD | 1 Quarter |
| Basic and Diluted |
EarningsPerShareBasicAndDiluted
|
$-0.02 | USD | 1 Quarter |
| Basic and Diluted |
EarningsPerShareBasicAndDiluted
|
$-0.00 | USD | 1 Quarter |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and Diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
181.65M | shares | 1 Quarter |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and Diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
253.03M | shares | 1 Quarter |
Cash Flow Statement
88 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-3.83M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-7.83M | USD | 8 Qtrs |
| Net loss |
NetIncomeLoss
|
$-183.98K | 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 | 8 Qtrs |
| Amortization of debt issuance costs |
AmortizationOfFinancingCostsAndDiscounts
|
$5.21K | USD | 8 Qtrs |
| Amortization of debt issuance costs |
AmortizationOfFinancingCostsAndDiscounts
|
- | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCostsAndDiscounts
|
$517.00 | USD | 1 Quarter |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
$27.02K | USD | 1 Quarter |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
$499.30K | USD | 3 Qtrs |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
$480.98K | USD | 8 Qtrs |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
$17.86K | USD | 1 Quarter |
| Impaiment of mineral rights |
OtherAssetImpairmentCharges
|
$500.00K | USD | 8 Qtrs |
| Impaiment of mineral rights |
OtherAssetImpairmentCharges
|
- | USD | 1 Quarter |
| Impaiment of mineral rights |
OtherAssetImpairmentCharges
|
- | USD | 1 Quarter |
| Derivative liability expense |
DerivativeGainLossOnDerivativeNet
|
- | USD | 1 Quarter |
| Derivative liability expense |
DerivativeGainLossOnDerivativeNet
|
$-174.13K | USD | 8 Qtrs |
| Derivative liability expense |
DerivativeGainLossOnDerivativeNet
|
- | USD | 1 Quarter |
| Change in fair value of derivative liabilities |
IncreaseDecreaseInDerivativeLiabilities
|
- | USD | 1 Quarter |
| Change in fair value of derivative liabilities |
IncreaseDecreaseInDerivativeLiabilities
|
$505.05K | USD | 8 Qtrs |
| Change in fair value of derivative liabilities |
IncreaseDecreaseInDerivativeLiabilities
|
$-15.15K | USD | 1 Quarter |
| Stock based consulting |
StockBasedConsulting
|
$130.00K | USD | 8 Qtrs |
| Stock based consulting |
StockBasedConsulting
|
- | USD | 1 Quarter |
| Stock based consulting |
StockBasedConsulting
|
- | USD | 1 Quarter |
| Stock based compensation expense |
ShareBasedCompensation
|
$373.65K | USD | 8 Qtrs |
| Stock based compensation expense |
ShareBasedCompensation
|
$41.52K | USD | 1 Quarter |
| Stock based compensation expense |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Common stock issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
$3.50M | USD | 1 Quarter |
| Common stock issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
$3.50M | USD | 8 Qtrs |
| Common stock issued for services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
- | USD | 1 Quarter |
| Prepaid expense |
IncreaseDecreaseInPrepaidExpense
|
$5.50K | USD | 1 Quarter |
| Prepaid expense |
IncreaseDecreaseInPrepaidExpense
|
$18.60K | USD | 1 Quarter |
| Prepaid expense |
IncreaseDecreaseInPrepaidExpense
|
$9.14K | USD | 8 Qtrs |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$1.27M | USD | 8 Qtrs |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$166.61K | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$156.58K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
- | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-94.38K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-783.81K | USD | 8 Qtrs |
| Proceeds from issuance of preferred stock |
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
$50.00K | USD | 8 Qtrs |
| Proceeds from issuance of preferred stock |
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
- | USD | 1 Quarter |
| Proceeds from issuance of preferred stock |
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
- | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$550.00K | USD | 8 Qtrs |
| Net proceeds from debentures |
ProceedsFromNotesPayable
|
- | USD | 1 Quarter |
| Net proceeds from debentures |
ProceedsFromNotesPayable
|
$90.00K | USD | 1 Quarter |
| Net proceeds from debentures |
ProceedsFromNotesPayable
|
$127.50K | USD | 8 Qtrs |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$90.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$727.50K | USD | 8 Qtrs |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
- | USD | 1 Quarter |
| Net decrease in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-4.38K | USD | 1 Quarter |
| Net decrease in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
- | USD | 1 Quarter |
| Net decrease in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-56.31K | USD | 8 Qtrs |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$20.00 | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$20.00 | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$56.33K | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$15.05K | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$10.67K | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$20.00 | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$20.00 | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$56.33K | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$15.05K | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$10.67K | USD | Point-in-time |
| Interest |
InterestPaid
|
- | USD | 1 Quarter |
| Interest |
InterestPaid
|
- | USD | 1 Quarter |
| Interest |
InterestPaid
|
- | USD | 8 Qtrs |
| Income Taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Income Taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Income Taxes |
IncomeTaxesPaid
|
- | USD | 8 Qtrs |
| Contributed capital in connection with an extinguishment of a convertible debenture |
ContributedCapitalInConnectionWithAnExtinguishmentOfAConvertibleDebenture
|
$47.50K | USD | 1 Quarter |
| Contributed capital in connection with an extinguishment of a convertible debenture |
ContributedCapitalInConnectionWithAnExtinguishmentOfAConvertibleDebenture
|
$95.00K | USD | 3 Qtrs |
| Contributed capital in connection with an extinguishment of a convertible debenture |
ContributedCapitalInConnectionWithAnExtinguishmentOfAConvertibleDebenture
|
$31.67K | USD | 8 Qtrs |
| Contributed capital in connection with an extinguishment of a convertible debenture |
ContributedCapitalInConnectionWithAnExtinguishmentOfAConvertibleDebenture
|
- | USD | 1 Quarter |
| Issuance of common stock for convertible debentures |
DebtConversionOriginalDebtAmount1
|
$505.00K | USD | 8 Qtrs |
| Issuance of common stock for convertible debentures |
DebtConversionOriginalDebtAmount1
|
$250.00K | USD | 1 Quarter |
| Issuance of common stock for convertible debentures |
DebtConversionOriginalDebtAmount1
|
- | USD | 1 Quarter |
| Issuance of common stock for accrued director's fees |
IssuanceOfCommonStockForAccruedDirectorFees
|
- | USD | 1 Quarter |
| Issuance of common stock for accrued director's fees |
IssuanceOfCommonStockForAccruedDirectorFees
|
$10.00K | USD | 1 Quarter |
| Issuance of common stock for accrued director's fees |
IssuanceOfCommonStockForAccruedDirectorFees
|
- | USD | 8 Qtrs |
| Reclassification of derivative liability to equity |
ReclassificationOfDerivativeLiabilityToEquity
|
$9.66M | USD | 8 Qtrs |
| Reclassification of derivative liability to equity |
ReclassificationOfDerivativeLiabilityToEquity
|
$3.20M | USD | 1 Quarter |
| Reclassification of derivative liability to equity |
ReclassificationOfDerivativeLiabilityToEquity
|
$6.15M | USD | Annual |
| Reclassification of derivative liability to equity |
ReclassificationOfDerivativeLiabilityToEquity
|
- | 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 | 8 Qtrs |
| Issuance of common stock in connection with the transfer and conveyance of certain silver mining claim |
StockIssued1
|
- | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.