• Filing Date: 2020-06-12
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2020
Apr. 30, 2019
Income Statement [Abstract]        
REVENUES
EXPLORATION AND PROPERTY HOLDING COSTS        
Exploration and property holding costs 84,633 356,131 288,163 814,160
Depreciation 8,916 7,381 18,037 14,598
TOTAL EXPLORATION AND PROPERTY HOLDING COSTS 93,549 363,512 306,200 828,758
GENERAL AND ADMINISTRATIVE EXPENSES        
Personnel 136,566 166,160 292,783 339,367
Office and administrative 85,443 154,996 156,871 280,888
Professional services 91,479 71,397 171,800 136,278
Directors' fees 37,289 53,300 74,772 107,765
Provision for uncollectible value-added taxes (Note 6) 5,063 11,639 15,641 20,955
TOTAL GENERAL AND ADMINISTRATIVE EXPENSES 355,840 457,492 711,867 885,253
LOSS FROM OPERATIONS (449,389) (821,004) (1,018,067) (1,714,011)
OTHER (EXPENSES) INCOME        
Interest income 2,108 6,265 7,588 6,384
Foreign currency transaction (loss) gain (26,537) 2,073 (30,539) 7,904
Change in fair value of stock option liability (Note 11) 16,983 18,774
Change in fair value of warrant derivative liability 484,636 370,223
TOTAL OTHER (EXPENSES) INCOME (24,429) 509,957 (22,951) 403,285
LOSS BEFORE INCOME TAXES (473,818) (311,047) (1,041,018) (1,310,726)
INCOME TAX EXPENSE 4,133 3,312 5,376 4,984
NET LOSS AND COMPREHENSIVE LOSS $ (477,951) $ (314,359) $ (1,046,394) $ (1,315,710)
BASIC AND DILUTED NET LOSS PER COMMON SHARE $ (0.01)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (Note 5) 236,328,214 236,010,911 236,328,214 235,435,436