• Filing Date: 2020-06-12
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Apr. 30, 2020
Oct. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 1,334,444 $ 1,431,634
Value-added tax receivable, net of allowance for uncollectible taxes of $275,904 and $327,624 respectively (Note 6) 215,961 255,847
Income tax receivables 595 784
Other receivables 8,959 8,543
Prepaid expenses and deposits 153,471 204,713
Total Current Assets 1,713,430 1,901,521
Office and mining equipment, net (Note 7) 208,376 226,413
Property concessions (Note 8) 5,019,927 5,019,927
Goodwill (Note 9) 2,058,031 2,058,031
TOTAL ASSETS 8,999,764 9,205,892
CURRENT LIABILITIES    
Accounts payable 151,519 328,943
Accrued liabilities and expenses 242,473 305,446
Income tax payable 2,500 1,825
Stock option liability (Note 11) 4,803
Total Current Liabilities 396,492 641,017
COMMITMENTS AND CONTINGENCIES (Notes 1 and 14)
STOCKHOLDERS' EQUITY (Notes 4, 10, 11 and 12)    
Common stock, $0.01 par value; 300,000,000 shares authorized, 236,328,214, and 236,328,214 shares issued and outstanding, respectively 2,363,282 2,363,282
Additional paid-in capital 136,987,735 135,902,944
Accumulated deficit (130,839,993) (129,793,599)
Other comprehensive income 92,248 92,248
Total Stockholders' Equity 8,603,272 8,564,875
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 8,999,764 $ 9,205,892