Cash payment to be made by Argonaut upon extension of option period to December 31, 2016
Cash payment to be made by Argonaut upon extension of option period to December 31, 2016
Value of issued subscriptions payable for settlement of accounts payable
Value of issued subscriptions payable for settlement of accounts payable
Subsequent Events - Common Stock Details
Impairment of equipment
Reconciliation of the expected consolidated income tax expense Details
Gain on the transaction is recorded as a credit to additional paid-in capital {1}
Gain on the transaction is recorded as a credit to additional paid-in capital
Gain on the transaction is recorded as a credit to additional paid-in capital
Common Stock Payable Transactions
Conversion of principal and interest
Conversion of principal and interest
Capital Stock Transactions
Closing share price {2}
Closing share price
Closing share price
Dividend yield
Dividend yield rate for the instrument
Expected volatility
Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price.
Amortization of discount on Note
Amortization of discount on convertible promissory note
Discounts on Note
Bears annual interest rate
Bears annual interest rate
Interest rate on unsecured Promissory Note
Interest rate on unsecured Promissory Note
Notes due to Related parties consists the following
Total revenues {1}
Total revenues
Amount of sales or other form of revenues attributable to the disposal group, including a component of the entity (discontinued operation), during the reporting period.
TOTAL CURRENT ASSETS {1}
TOTAL CURRENT ASSETS
The aggregate value (measured at the lower of net carrying value or fair value less cost of disposal) for current assets (assets with expected useful life shorter than one year or one operating cycle, whichever is longer) of a disposal group, including a component of the entity (discontinued operation), to be sold or that has subsequently been disposed of through sale, as of the financial statement date.
Watercrafts useful life in years
Watercrafts useful life in years
Per Share Data
Income Taxes Policy
SUBSEQUENT EVENTS:
CONTINGENT LIABILITIES {1}
CONTINGENT LIABILITIES
SECURED CONVERTIBLE PROMISSORY NOTES:
GOING CONCERN {1}
GOING CONCERN
Interest paid
CASH FLOWS FROM DISCONTINUED OPERATIONS
Proceeds from issuance of common stock
Payments on loans payable
Prepaid and other assets {1}
Prepaid and other assets
Shares issued for accounts payable {1}
Shares issued for accounts payable
Shares issued for accounts payable
NET LOSS FROM CONTINUING OPERATIONS
Series A Convertible Preferred Stock, Shares Par or Stated Value
SeriesAConvertiblePreferredStockParValue
TOTAL SHAREHOLDERS' EQUITY (DEFICIT)
SHAREHOLDERS' EQUITY (DEFICIT)
Secured convertible promissory note (net of unamortized debt discount $67,361 and $88,644, respectively)
Promissory notes
Document Fiscal Period Focus
Document and Entity Information:
Variable conversion price of
Variable conversion price of
Original issue discount value
Original issue discount value
Total of shares issued to Typenex Co-Investment, LLC, value
Total of shares issued to Typenex Co-Investment, LLC, value
Interest
Expected tax expense (recovery)
Notes payable due to Taurus Gold Inc. totaled
Notes payable due to Taurus Gold Inc. totaled
Issued subscriptions payable for shares of common stock for fee for finance costs
Value of notes payable
Issued subscriptions payable for shares of common stock for settlement of notes payable
Value of accounts payable
Value of services
Value of services
Contingent Liabilities Details
Increase (decrease) in the fair value of the conversion option derivative liability is recorded as gain (loss)
Expected life in years {1}
Expected life in years
Expected life in years
Cash advanced on closing of the initial tranche and second tranche
Cash advanced on closing of the initial tranche and second tranche
Fully accreted value of first tranche
Fully accreted value of first tranche
Secured convertible promissory notes Transactions
Value of common stock of the Company issued as fee for Promissory Note holders
Value of common stock of the Company issued as fee for Promissory Note holders
The balances on the note totaled on February 16, 2010
The balances on the note totaled on February 16, 2010
Production royalty of the net smelter returns
Production royalty of the net smelter returns
Share-based Payments
Share-based Payments of mineral property acquisition costs capitalized during the period
OTHER ASSETS {1}
OTHER ASSETS
Equipment Details
Asset Retirement Obligations
ACCOUNTING POLICIES (POLICIES):
GOING CONCERN
Shares issued for accounts payable, including related party
SharesIssuedForAccountsPayableIncludingRelatedParty
CASH, BEGINNING OF PERIOD
CASH, BEGINNING OF PERIOD
Proceeds from sale of equipment
Adjustments to reconcile net loss to net cash used in operating activities:
Net loss {2}
Net loss
CASHFLOWS OPERATING ACTIVITIES
Statement {1}
Statement
Accumulated other comprehensive income {1}
Accumulated other comprehensive income
Common Stock Amount
Preferred Stock Amount
Total other comprehensive income
NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST
OTHER INCOME (EXPENSE)
Exploration costs
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Additional paid-in capital
Cash
Monthly lease to be paid by Argonaut
Monthly lease to be paid by Argonaut
Cash payment made by Argonaut upon execution
Cash payment made by Argonaut upon execution
Value of issued subscriptions payable for purchase of equipment
Value of issued subscriptions payable for purchase of equipment
Cash receipts included in share subscriptions payable
Cash receipts included in share subscriptions payable
Gain (loss) on derivatives
Share-based payments
Value of fee
Value of fee
Obligation for settlement in accounts payable included in share subscriptions payable
Obligation for settlement in accounts payable included in share subscriptions payable
Common Stock Transactions
Company issued shares of common stock to satisfy obligations under share subscription agreements/ conversion of principal and interest
Interest rate minimum due
Interest rate minimum due
Fair value of the conversion option derivative liabilities at
Fair value of the conversion option derivative liabilities at
Risk free rate
Risk-free interest rate assumption used in valuing an instrument.
Company issued a variable number of warrants of the Company's common stock
Company has not closed on the final tranche in cash
Conversion Price per share as per agreement
Conversion Price per share as per agreement
Obligation outstanding
Obligation outstanding
Purchase price of the rights paid in paid at a rate of 40% net smelter royalty
Purchase price of the rights paid in paid at a rate of 40% net smelter royalty
Corborca, Sonora agreement
Balance of Continuity of exploration costs
Balance of Continuity of exploration costs
Balance of Continuity of exploration costs
Continuity of exploration costs expensed in the consolidated statements of operations as on date
Corborca (b)
TOTAL ASSETS {1}
TOTAL ASSETS
The aggregate value (measured at the lower of net carrying value or fair value less cost of disposal) for assets (assets with expected useful life longer than one year or one operating cycle, whichever is longer) of a disposal group, including a component of the entity (discontinued operation), to be sold or that has subsequently been disposed of through sale, as of the financial statement date.
Cash {1}
Cash
Accounting for Derivative Instruments
Revenue Recognition
INCOME TAXES {1}
INCOME TAXES
PROMISSORY NOTES:
DISCONTINUED OPERATIONS:
Supplemental disclosure of non-cash investing and financing activities:
Shares issued for cash
Number of new stock issued during the period.
Balance
Balance
Balance
Impairment of marketable securities
The amount by which the fair value of an investment is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income.
Cash payment to be made by Argonaut upon extension of option period to June 30, 2016
Cash payment to be made by Argonaut upon extension of option period to June 30, 2016
Consideration paid in cash
Consideration paid in cash
Value of services included in share subscriptions payable
Value of services included in share subscriptions payable
Net operating loss carry-forward
Related Party Transactions - Rent expense - During the period Details
Value of accounts payable
Value of accounts payable
Value per share of subscriptions payable for shares of common stock for cash
Issued subscriptions payable for shares of common stock for cash
Estimated costs to be incurred to neutralize those chemicals at the close of the leaching pond
Estimated costs to be incurred to neutralize those chemicals at the close of the leaching pond
Conversion price {1}
Conversion price
Conversion price
Closing balance
Closing balance
JMJ Financial Details
Convertible Promissory Notes initial tranche
Convertible Promissory Notes initial tranche in the principal amount
Company agreed to pay a monthly lease payment
Company agreed to pay a monthly lease payment
Cash Payments
Cash Payments of mineral property acquisition costs capitalized during the period
Ures (a)
NET LOSS OF MEXUS ENTERPRISES S.A. DE C.V.
Exploration costs {1}
Exploration costs
The capitalized costs incurred during the period (excluded from amortization) in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. Exploration costs also include costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, the maintenance of land and lease records, dry hole contributions and bottom hole contributions, costs of drilling and equipping exploratory wells and costs of drilling exploratory-type stratigraphic test wells.
Warrant derivative liability measurements:
Cash and cash equivalents Policy
SHAREHOLDERS' EQUITY (DEFICIT) {1}
SHAREHOLDERS' EQUITY (DEFICIT)
PROMISSORY NOTES
Fixed asset reclassified to equipment under construction
Fixed asset reclassified to equipment under construction
Shares issued for finance costs {1}
Shares issued for finance costs
Shares issued for convertible note principal and interest
Accumulated other comprehensive income {2}
Accumulated other comprehensive income
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.
Shares issued for services and supplies
Number of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.
Interest expense
Other income
Common Stock, Shares Issued
Issued and outstanding
Capital stock Authorized 9,000,000 shares of preferred stock, $0.001 par value per share, nil issued and outstanding
Deferred finance expense
ASSETS
Entity Current Reporting Status
Annual interest rate
Annual interest rate
Company issued subscriptions payable for cash
Company issued subscriptions payable for cash
Issued shares of common stock to satisfy obligations under share subscription agreements
Issued shares of common stock to satisfy obligations under share subscription agreements
Income before taxes and income tax expense Details
Value per share of subscriptions payable for shares of common stock for mineral properties
Issued subscriptions payable for shares of common stock for mineral properties
Closing share price {1}
Closing share price
Closing share price
Convertible Promissory Note Derivative Liabilities - Inputs into the binomial model Details
Original issue discount
Original issue discount in note
Accrued interest on this note included in accounts payable and accrued liabilities February 16, 2010
Accrued interest on this note included in accounts payable and accrued liabilities February 16, 2010
Value of accounts payable settled
Value of accounts payable settled
Share-based Payments {1}
Share-based Payments
Share-based Payments for continuity of exploration costs expensed in the consolidated statements of operations during the period
Total continuity of exploration costs
EXPENSES
Schedule of property and equipment
Long-Lived Assets {1}
Long-Lived Assets
Exploration and Development Costs
SHAREHOLDERS' EQUITY (DEFICIT):
ACCOUNTS PAYABLE
MINERAL PROPERTIES AND EXPLORATION COSTS {1}
MINERAL PROPERTIES AND EXPLORATION COSTS
Proceeds from issuance of notes payable
CASH FLOWS FROM INVESTING ACTIVITIES
NET CASH USED IN OPERTATING ACTIVITIES
Allowance for amount due from joint venture
Allowance for amount due from joint venture.
Stock-based compensation
Shares issued for services and supplies {1}
Shares issued for services and supplies
Number of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.
Non-controlling interest
Preferred Stock Number of Shares
OTHER COMPREHENSIVE INCOME
NET LOSS
NET LOSS FROM DISCONTINUED OPERATIONS (including loss on disposal of $244,776)
Series A Convertible Preferred Stock, Shares Issued
SeriesAConvertiblePreferredStockSharesIssued
Bank overdraft
FIXED ASSETS
Investment in marketable securities
Document Fiscal Year Focus
Entity Filer Category
Value of issued subscriptions payable for settlement of notes payable
Value of issued subscriptions payable for settlement of notes payable
Per share value of issued subscriptions payable for settlement of notes payable
Company issued subscriptions payable for settlement of notes payable
Impairment of marketable securities {2}
Impairment of marketable securities
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments.
Income tax expense charged to loss before taxes
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
Related Party Transactions - Rent expense Details
Issued subscriptions payable for shares of common stock for settlement of accounts payable
Value of services
Authorized shares of Preferred stock
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
Fair value of the conversion option derivative liabilities - During the period Details
Conversion price {2}
Conversion price
Conversion price
Fair value of warrant derivative liability
Fair value of warrant derivative liability
Amount of consideration paid in cash
Amount of consideration paid in cash
Company issued Promissory Notes for cash
Company issued Promissory Notes for cash
Company has the option to purchase the mining claims payable in third year
Company has the option to purchase the mining claims payable in third year
Continuity of mineral property acquisition costs capitalized on the consolidated balance sheets
Foreign exchange
Notes payable - related party
Notes payable
EQUIPMENT, NET
For the disposal group, including a component of the entity (discontinued operation), carrying value (net of accumulated depreciation and any write-downs) of tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.
Schedule of Effective Income Tax Rate Reconciliation
INCOME TAXES
SECURED CONVERTIBLE PROMISSORY NOTES
Entire text block for secured convertible promissory notes
Shares issued as interest expense
Shares issued as interest expense
Payments on notes payable
Loss on sale of equipment {1}
Loss on sale of equipment
Shares issued for convertible note principal and interest {1}
Shares issued for convertible note principal and interest
Shares issued for accounts payable
Accumulated Deficit
Expenses
Unamortized Debt Discount on Secured Convertible Promissory Note
The amount of debt discount that was originally recognized at the issuance of the Secured convertible promissory note that has yet to be amortized.
Net amortized debt discount on Notes Payable
The amount of debt discount that was originally recognized at the issuance of the note that has yet to be amortized.
Accumulated other comprehensive income
Accumulated other comprehensive income
1,000,000 shares of Series A Convertible Preferred Stock, $0.001 par value per share
Carrying amount of convertible preferred stock.
Entity Well-known Seasoned Issuer
Original principal amount
Original principal amount
Company issued subscriptions payable for purchase of equipment
Value of issued subscriptions payable for services
Total of shares issued to Typenex Co-Investment, LLC for conversion of principal and interest
Total of shares issued to Typenex Co-Investment, LLC for conversion of principal and interest
Value of equipment in share subscriptions payable
Value of equipment in share subscriptions payable
Expected consolidated income tax expense
Expected consolidated income tax expense
Value of equipment
Value of equipment
Par value per share of Common stock
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share.
Convertible promissory note derivative liability Details
Unamortized debt discount of
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized.
Amount of original issue discount
Amount of original issue discount
Initial tranche in cash
Convertible Promissory Notes initial tranche in cash in the principal amount
Company received various cash advances of from three investors
Company received various cash advances of from three investors
Note payable with a face value
Note payable with a face value
Depreciation expense for the period
Company has the option to purchase the mining claims payable in first year
Company has the option to purchase the mining claims payable in first year
Ures (a) {1}
Ures (a)
Impairment
Impairment of mineral property acquisition costs capitalized during the period
Accounts payable and accrued liabilities {1}
Accounts payable and accrued liabilities
Mining tools and equipment useful life in years
Mining tools and equipment useful life in years
GOING CONCERNS detail
Equipment Under Construction
Entire policy disclosure for equipment under construction comprises mining equipment that is currently being fabricated and modified by the Company and is not presently in use
Investment, Policy
CONTINGENT LIABILITIES
Taxes paid
Gain on sale of Mexus Enterprises S.A. de C.V.
Payment on advances from related party
Purchase of equipment
Depreciation and amortization
Shares issued for cash {1}
Shares issued for cash
Number of new stock issued during the period.
BASIC LOSS PER COMMON SHARE
Operating income loss
Equipment under construction
Entity Public Float
Per share value of issued subscriptions payable for services
Company issued subscriptions payable for services
Loss on settlement debt of
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.
Allowance
Increase in no. of shares after Company cancelled and subsequently amended fourteen subscription payable agreements
Value of fee for Promissory Notes in cash
Obligation under share subscription agreements in cash/ cash receipts included in share subscriptions payable
bligation under share subscription agreements in cash/ cash receipts included in share subscriptions payable
Issued and outstanding shares of Preferred stock
Preferred stock shares issued and outstanding
Cash advanced by an unrelated shareholder and note holder of the Company
Cash advanced by an unrelated shareholder and note holder of the Company
Expected life in years
Expected life in years
Loss on derivative liabilities
Loss on derivative liabilities
Exercise Price of the warrants per share
Exercise Price of the warrants per share
Company received various cash advances from twenty-two investors
Company received various cash advances from twenty-two investors
Cash Payments {1}
Cash Payments
Cash Payments for continuity of exploration costs expensed in the consolidated statements of operations during the period
TOTAL CURRENT LIABILITIES {1}
TOTAL CURRENT LIABILITIES
Schedule of Discontinued operations:
SUBSEQUENT EVENTS
NOTES PAYABLE - RELATED PARTY
NOTES PAYABLE - RELATED PARTY:
ACCOUNTS PAYABLE - RELATED PARTIES:
Issuance of notes receivable
Gain (loss) on derivative liabilities
Gain (loss) on derivative liabilities
REVENUES
Preferred Stock, Shares Outstanding
CURRENT LIABILITIES
Argonaut must expend a minimum in expenditures relating to drilling
Argonaut must expend a minimum in expenditures relating to drilling
Income Taxes Narrative Details
Gain on settlement of debt
Issued subscriptions payable for shares of common stock for fee for Promissory Notes issued on April 18, 2013
Value of mineral properties
Value of cash
Value of cash
Default interest rate
Default interest rate
Increase (decrease) in the fair value of the conversion option derivative liability is recorded as gain (loss)
Increase (decrease) in the fair value of the conversion option derivative liability is recorded as gain (loss)
Dividend yield {2}
Dividend yield
Dividend yield
Expected volatility {1}
Expected volatility
Expected volatility
Notes bear interest per annum
The Notes bear interest of per annum
Company paid in principal of debt
Company paid in principal of debt in the transaction
Value of shares of common stock to settle accounts payable
Value of shares of common stock to settle accounts payable
Company has the option to purchase the mining claims payable in total
Company has the option to purchase the mining claims payable in total
Corborca (b) {1}
Corborca (b)
Total acquisition costs capitalized
TOTAL OTHER INCOME (EXPENSE)
Total operating expenses {1}
Total operating expenses
CARRYING VALUE OF MEXUS ENTERPRISES S.A. DE C.V.
Carrying value of Mexus enterprises as on date
Equipment, Policy
Use of Estimates
ACCOUNTS PAYABLE - RELATED PARTIES
Subscription payable settled by related party
SubscriptionsPayableSettledByRelatedParty1
Cash flows used in investing activities
Allowance for amount due from First Pursuit Silver de Mexico S. de R.L. de C.V.
Allowance for amount due from First Pursuit Silver de Mexico S. de R.L. de C.V.
Purchase of equipment under construction
Impairment of marketable securities {1}
Impairment of marketable securities
The amount by which the fair value of an investment is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income.
Shares issued for equipment
Number of shares of stock issued during the period as part of a transaction to acquire assets that do not qualify as a business combination.
WEIGHTED AVERAGE NUMBER OFCOMMON SHARES OUTSTANDING- BASIC
BASIC LOSS PER SHARE FROM CONTINUING OPERATIONS
Common Stock, Shares Outstanding
Accumulated deficit
375,000 shares of Series A Convertible Preferred Stock (375,000 - March 31, 2014)
Carrying amount of convertible preferred stock.
Accounts payable - related party
Accounts payable and accrued liabilities
Amendment Flag
Per share value of issued subscriptions payable for cash
Company issued subscriptions payable for cash
Value per share of subscriptions payable for shares of common stockfor fee for Promissory Notes issued on April 18, 2013
Issued subscriptions payable for shares of common stock for fee for Promissory Notes issued on April 18, 2013
Obligation in the form of services included in share subscriptions payable
Obligation in the form of services included in share subscriptions payable.
Loss on settlement of debt {1}
Loss on settlement of debt
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.
Value per share of common stock issued
Face amount or stated value per share of common stock.
Value per share on conversion in to common stock
Value per share on conversion in to common stock
Original principal amount of Convertible Promissory Note issued
Original principal amount of Convertible Promissory Note issued
Company entered into a Securities Purchase Agreement with Typenex Co-Investment, LLC in the principal amount
Company entered into a Securities Purchase Agreement with Typenex Co-Investment, LLC in the principal amount
Shares of common stock of the Company issued as fee for Promissory Note holders
Shares of common stock of the Company issued as fee for Promissory Note holders
Accrued interest February 4, 2014
Accrued interest February 4, 2014
Company issued shares of common stock to pay the loan
Company issued shares of common stock to pay the loan
Finance charge due upon payment
Finance charge due upon payment of notes
Revenues {1}
Revenues
TOTAL OTHER ASSETS {1}
TOTAL OTHER ASSETS
CURRENT ASSETS {1}
CURRENT ASSETS
Schedule of Components of Income Tax Expense (Benefit)
Schedule of mineral properties
Tabular text block for continuity of mineral property acquisition costs capitalized and continuity of exploration costs
Comprehensive Loss Policy
Fair Value of Financial Instruments Policy
RELATED PARTY TRANSACTIONS
CONVERTIBLE PROMISSORY NOTE DERIVATIVE LIABILITY
Disclosure for derivative liabilities on convertible promissory notes
EQUIPMENT {1}
EQUIPMENT
Shares issued for mineral property
SharesIssuedForMineralProperty1
INECREASE (DECREASE) IN CASH
Benefical conversion feature
Benefical conversion feature
Shares issued for mineral properties
Number of shares of stock issued during the period as part of a transaction to acquire assets that do not qualify as a business combination.
Share subscription payable
308,236,718 shares of common stock (248,103,110 - March 31, 2014)
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
TOTAL OTHER ASSETS
TOTAL FIXED ASSETS
Entity Registrant Name
Percent of interest held in Newco by the Company
Percent of interest held in Newco by the Company
Cash payment to be made by Argonaut upon extension of option period to December 31, 2017
Cash payment to be made by Argonaut upon extension of option period to December 31, 2017
Subsequent Events - Option and Joint Venture Agreement Details
Net of original issue discount
Company received cash in the first tranche {1}
Company received cash in the first tranche
Company received cash in the first tranche
Change in valuation allowance
Value of mineral properties
Value of mineral properties
Issued subscriptions payable for shares of common stock for equipment
Value of finance costs
Obligation under share subscription agreements in equipment / tools and supplies /mineral properties included in share subscriptions payable
Obligation under share subscription agreements in equipment / tools and supplies /mineral properties included in share subscriptions payable
Obligation for settlement of accounts payable included in share subscriptions payable
Obligation for settlement of accounts payable included in share subscriptions payable
Value of shares of common stock issued
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
Risk free rate {2}
Risk free rate
Risk free rate
Net of original issue discount of
Net of original issue discount of
Accrued interest of Promissory Note included in accounts payable and accrued liabilities.
Accrued interest of Promissory Note included in accounts payable and accrued liabilities.
Per share value of common stock of the Company issued as fee for Promissory Note holders
Per share value of common stock of the Company issued as fee for Promissory Note holders
Company made an unsecured Promissory Note Agreement with William McCreary in the amount
Company made an unsecured Promissory Note Agreement with William McCreary in the amount
Gain on the transaction is recorded as a credit to additional paid-in capital
Gain on the transaction is recorded as a credit to additional paid-in capital
Per share value of common stock issued to settle accounts payable
Per share value of common stock issued to settle accounts payable
Balance of acquisition costs capitalized
Balance of acquisition costs capitalized
Balance of acquisition costs capitalized
Continuity of mineral property acquisition costs capitalized on the consolidated balance sheets as on date
Property costs {1}
Property costs
For the disposal group, including a component of the entity (discontinued operation), carrying value (net of accumulated depreciation and any write-downs) of tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.
Company's convertible promissory note derivative liability:
Fair value of the warrant derivative liability:
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures
Recently Issued Accounting Pronouncements
Basis of Consolidation
WARRANT DERIVATIVE LIABILITY:
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES
Supplemental disclosure of cash flow information:
Advances from related party
Bank overdraft {1}
Bank overdraft
CASH FLOWS FROM OPERATING ACTIVITIES
Accumulated other comprehensive income {3}
Accumulated other comprehensive income
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.
Shares Subscription Payable
Common Stock Number of Shares
Equity Components
Stock-based expense - consulting services
StockBasedExpenseConsultingService
Series A Convertible Preferred Stock, Shares Authorized
SeriesAConvertiblePreferredStockSharesAuthorized
Parentheticals
Secured convertible promissory note derivative liabilities
Secured convertible promissory note derivative liabilities
Equipment, net of accumulated depreciation
CURRENT ASSETS
Current Fiscal Year End Date
Entity Central Index Key
Per share value of issued subscriptions payable for settlement of accounts payable
Company issued subscriptions payable for settlement of accounts payable
Value of issued subscriptions payable for cash
Value of issued subscriptions payable for cash
Subsequent Events - Common Stock Payable Details
Issued shares of common stock to satisfy obligations under share subscription agreements
Net loss before taxes
This element represents the income or loss from continuing operations (before interest income and interest expense) attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before interest income, interest expense, income taxes, extraordinary items, and noncontrolling interest.
Related Party Transactions - Notes Payable Related Party Details
Rent expense incurred to Paul D. Thompson, the sole director and officer of the Company
Value per share of subscriptions payable for shares of common stock for equipment
Issued subscriptions payable for shares of common stock for equipment
Value per share of subscriptions payable for shares of common stock for settlement of notes payable
Issued subscriptions payable for shares of common stock for settlement of notes payable
Authorized shares of Series A Convertible Preferred stock
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
Dividend yield {1}
Dividend yield
Dividend yield
Closing share price
Closing share price
Additional tranche in cash
Convertible Promissory Notes Additional tranche in cash in the principal amount
These advances are unsecured and with number of days
These advances are unsecured and with number of days
Balance of note February 4, 2014
Balance of note February 4, 2014
Company received cash advances
Company received cash advances
Purchase price of the rights paid in shares of common stock of Mexus Gold US
Purchase price of the rights paid in shares of common stock of Mexus Gold US
Company has the option to purchase the mining claims payable in second year
Company has the option to purchase the mining claims payable in second year
Bad debt - related party
Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation
Summarizes the results from discontinued operations Details
ASSETS {1}
ASSETS
Vehicles useful life in years
Vehicles useful life in years
WARRANT DERIVATIVE LIABILITY
Shares issued for convertible note principal and interest
Number of shares issued during the period as a result of the conversion of convertible securities.
BASIC LOSS PER SHARE FROM DISCONTINUING OPERATIONS
Total revenues
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains.
Property costs
TOTAL CURRENT ASSETS
Entity Voluntary Filers
Per share value of issued subscriptions payable for purchase of equipment
Company issued subscriptions payable for purchase of equipment
Rent expense incurred to Paul D. Thompson, the sole director and officer of the Company
Rent expense incurred to Paul D. Thompson, the sole director and officer of the Company
Rent expense obligation outstanding as of
Rent expense obligation outstanding as of
Company issued shares of common stock to satisfy obligations under share subscription agreements/ conversion of principal and interest
Company issued shares of common stock to satisfy obligations under share subscription agreements/ conversion of principal and interest
Issued and outstanding shares of Common Stock
Total number of common shares of an entity that have been sold or granted to shareholders
Risk free rate {1}
Risk free rate
Risk-free interest rate assumption used in valuing an instrument.
Expected life in months
Expected life in months
Company closed on the second tranche and received in cash
Company closed on the second tranche and received in cash
Amount repaid to four unrelated shareholders of the Company
Amount repaid to four unrelated shareholders of the Company
Notes payable due to Taurus Gold Inc. totalled
otesPayableDueToTaurusGoldIncTotalled
Value of note reduced for purchasing company's property and equipment
Value of note reduced for purchasing company's property and equipment
ACCOUNTS PAYABLE TRANSACTIONS
Incurred rent expense
Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
Prepaid and other assets {2}
Prepaid and other assets
Fair value of the warrant derivative liability
Schedule of mineral properties:
EQUIPMENT
ORGANIZATION AND BUSINESS OF COMPANY
CASH, CONTINUED OPERATIONS AT THE END OF PERIOD
CASH, CONTINUED OPERATIONS AT THE END OF PERIOD
NET CASH PROVIDED BY (UDED IN) DISCONTINUED OPERATIONS
NET CASH USED IN INVESTING ACTIVITES
Additional Paid-In Capital
Series A Preferred Stock Number of Shares
Total operating expenses
Preferred Stock, Shares Authorized
Company issued subscriptions payable for settlement of accounts payable
Value of issued subscriptions payable for purchase of equipment
Total of shares issued to Typenex Co-Investment, LLC, per share
Total of shares issued to Typenex Co-Investment, LLC, per share
Value of notes payable and accounts payable settled under share subscription agreements
Value of notes payable and accounts payable settled under share subscription agreements
Value of fee for Promissory Notes in cash
Value of fee for Promissory Notes in cash
Value of finance costs
Value of finance costs
Value per share of subscriptions payable for shares of common stock for services
Issued subscriptions payable for shares of common stock for services
Par value per share of Preferred stock
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
Increase (decrease) in the fair value of the conversion option derivative liability has been recorded as gain (loss)
Increase (decrease) in the fair value of the conversion option derivative liability has been recorded as gain (loss)
Opening balance
Opening balance
Company received cash in the first tranche
Company received cash in the first tranche
The balance of the advances totaled
The balance of the advances totaled as on date
Principal amount outstanding
Principal amount outstanding as of date in the transaction
Company recorded a loss on settlement of debt
Company recorded a loss on settlement of debt
Purchase price of the rights paid in cash
Purchase price of the rights paid in cash
OTHER INCOME (EXPENSE) {1}
OTHER INCOME (EXPENSE)
Accumulated deficit {1}
Accumulated deficit
The cumulative amount of the reporting entity's undistributed earnings or deficit.
Stock-based Compensation Policy
Mineral Property Rights
ACCOUNTS PAYABLE {1}
ACCOUNTS PAYABLE
MINERAL PROPERTIES AND EXPLORATION COSTS
Asset given as settlement of share subscription payable
Asset given as settlement of share subscription payable
Interest expense {1}
Interest expense
Loss on settlement of debt, accounts payable
Statement
Changes in Equity:
COMPREHENSIVE LOSS
Unrealized gain on marketable securities
Common Stock, Shares Par or Stated Value
Series A Convertible Preferred Stock, Shares Outstanding
SeriesAConvertiblePreferredStockSharesOutstanding
Preferred Stock, Shares Issued
Notes payable (net amortized debt discount of $14,922 and $0, respectively)
TOTAL ASSETS
Net of original issue discount
Net of original issue discount
Company issued subscriptions payable for settlement of notes payable
Value of issued subscriptions payable for settlement of accounts payable
Loss on sale of equipment {2}
Loss on sale of equipment
Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee.
Reduction in Note Payable - Related Party balance due to purchase by Taurus Gold, Inc from the Company
Reduction in Note Payable - Related Party balance due to purchase by Taurus Gold, Inc from the Company
Issued subscriptions payable for shares of common stock for mineral properties
Value of equipment
Obligation for settlement of notes payable included in share subscriptions payable
Obligation for settlement of notes payable included in share subscriptions payable
Issued and outstanding shares of Series A Convertible Preferred stock
Series A Preferred stock shares issued and outstanding
Value of additional notes payable due as claimed by the unrelated shareholder
Value of additional notes payable due as claimed by the unrelated shareholder
Inputs into the Black-Scholes models Details
Closing share price
Fair value of the warrant derivative liability at
Fair value of the warrant derivative liability at
Conversion price
Conversion price per share
Company Promissory Notes
Debt discount
Debt discount
Related party obligation details
Depreciation expense Details:
Closing balance
Company has the option to purchase the mining claims payable in fourth year
Company has the option to purchase the mining claims payable in fourth year
Ures, Sonora agreement
Continuity of exploration costs expensed in the consolidated statements of operations
Summary of the assets and liabilities of discontinued operations
Company's convertible promissory note derivative liability
Foreign Currency Translation
DISCONTINUED OPERATIONS
ORGANIZATION AND BUSINESS OF COMPANY:
Asset given as settlement of debt
Asset given as settlement of debt
Shares issued and unissued for equipment purchase
Shares issued and unissued for equipment purchase
Proceeds from issuance of convertible promissory notes
Changes in operating assets and liabilities:
Shares issued for accounts payable
Number of shares issued during the period as a result of the conversion of convertible securities.
NET LOSS ATTRIBUTABLE TO MEXUS GOLD US
Loss on settlement of debt
The amount by which the fair value of an investment is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income.
TOTAL CURRENT LIABILITIES
Entity Common Stock, Shares Outstanding
Document Period End Date
Equity Component [Domain]
Percent of interest held in Newco by Argonaut
Percent of interest held in Newco by Argonaut
Subsequent Events - Notes Payable Details
Company issued subscriptions payable for cash
Total of shares issued to Typenex Co-Investment, LLC
Total of shares issued to Typenex Co-Investment, LLC
Value per share of subscriptions payable for shares of common stock for settlement of accounts payable
Issued subscriptions payable for shares of common stock for settlement of accounts payable
Issued subscriptions payable for shares of common stock for services
Value of cash
Authorized shares of Common stock
The maximum number of common shares permitted to be issued by an entity's charter and bylaws.
Par value per share of Series A Convertible Preferred stock
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
Expected volatility {2}
Expected volatility
Expected volatility
Fair value of the conversion option derivative liability - During the period Details
Fair value of the warrant derivative liability at
Warrant derivative liability measured at fair value
Conversion of principal into shares of common stock
Cash advanced on closing of the initial tranche and second tranche
Fair value of convertible promissory note liability
Fair value of convertible promissory note liability
Deferred finance expenses of promissory notes.
Deferred finance expenses of promissory notes.
Company entered into an unsecured promissory note agreement in the amount
Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.
General and administrative {1}
General and administrative
LIABILITIES AND SHAREHOLDERS' EQUITY {1}
LIABILITIES AND SHAREHOLDERS' EQUITY
Schedule of property and equipment:
RELATED PARTY TRANSACTIONS {1}
RELATED PARTY TRANSACTIONS
CONVERTIBLE PROMISSORY NOTE DERIVATIVE LIABILITY:
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES {1}
SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES
CASH FLOWS FROM FINANCING ACTIVITIES
Accounts payable and accrued liabilities, including related parties
Loss on derivatives
Impairment of equipment included in exploration costs
Impairment of equipment included in exploration costs
Net loss {1}
Net loss
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
Net loss
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
Gain on sale of equipment to Taurus Gold Inc. - related party
Gain on sale of equipment to Taurus Gold Inc. - related party
Shares issued for finance costs
Total Shareholders' Equity (Deficit)
Foreign exchange loss
General and administrative
Revenues
Common Stock, Shares Authorized
Preferred Stock, Shares Par or Stated Value
500,000,000 shares of common stock, $0.001 par value per share
TOTAL LIABILITIES
Warrant derivative liability
Fair value as of the balance sheet date of the gross assets less the gross liabilities of a derivative liability or group of derivative liabilities
OTHER ASSETS
Prepaid and other assets
Value of issued subscriptions payable for services
Value of issued subscriptions payable for services
Company issued subscriptions payable for services
Value of issued subscriptions payable for cash
Value per share of subscriptions payable for shares of common stock for fee for finance costs
Issued subscriptions payable for shares of common stock for fee for finance costs
Value of notes payable
Value of notes payable
Issued subscriptions payable for shares of common stock for cash
Issued subscriptions payable for shares of common stock for cash
Obligation under share subscription agreements in financing expense/cost/fees included in share subscriptions payable
Obligation under share subscription agreements in financing expense/cost/fees included in share subscriptions payable
Interest rate maximum due
Interest rate maximum due
Company has not closed on the final tranche in cash
Company has not closed on the final tranche in cash
Typenex legal expenses in the amount of
Typenex legal expenses in the amount of payable.
Notes payable agreements
Company issued shares of common stock to settle accounts payable
Company issued shares of common stock to settle accounts payable
REVENUES {1}
REVENUES
Schedule of Income taxes:
Warrant derivative liability measurements
NOTES PAYABLE
NOTES PAYABLE:
Shares issued for notes payable
SharesIssuedForNotesPayable
CASH, DISCONTINUED OPERATIONS AT THE END OF PERIOD
CASH, DISCONTINUED OPERATIONS AT THE END OF PERIOD
NET CASH PROVIDED BY FINANCING ACTIVITIES
Shares issued for equipment {1}
Shares issued for equipment
Number of shares of stock issued during the period as part of a transaction to acquire assets that do not qualify as a business combination.
Series A Preferred Stock Amount
Loss on sale of equipment
Note payable - related party
LIABILITIES AND SHAREHOLDERS' EQUITY
Document Type
Entity Trading Symbol