UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended October 31, 2015
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________ to __________
Commission file number 000-50071
LIBERTY STAR URANIUM & METALS
CORP.
(Exact name of registrant as specified in its
charter)
Nevada |
90-0175540 |
(State or other jurisdiction of incorporation or
organization) |
(IRS Employer Identification No.)
|
5610 E Sutler Lane, Tucson, Arizona
85712
(Address of principal executive offices)
520.731.8786
(Registrants telephone number,
including area code)
Not Applicable
(Former name, former address
and former fiscal year, if changed since last report)
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act during
the preceding12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes [X] No
[ ]
Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files)
Yes [X] No [ ]
Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definitions of large accelerated filer,
accelerated filer and smaller reporting company in Rule 12b-2 of the
Exchange Act.
(Check one):
Large accelerated filer [ ] |
Accelerated filer [ ] |
Non-accelerated filer [ ] |
Smaller reporting company [X]
|
Indicate by check mark whether the registrant is a shell
company (as defined in Rule 12b-2 of the Exchange Act).
Yes [
] No [X]
The number of shares outstanding of each of the issuers
classes of common stock, as of the latest practicable date:
1,555,043,168 as of December 14, 2015.
TABLE OF CONTENTS
FORWARD-LOOKING STATEMENTS
This quarterly report contains forward-looking statements.
These statements relate to future events or our future financial performance. In
some cases, you can identify forward-looking statements by terminology such as
may, should, expects, plans, anticipates, believes, estimates,
predicts, potential or continue or the negative of these terms or other
comparable terminology.
These statements are only predictions and involve known and
unknown risks, uncertainties and other factors that may cause our or our
industrys actual results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements. While
these forward-looking statements, and any assumptions upon which they are based,
are made in good faith and reflect our current judgment regarding the direction
of our business, actual results will almost always vary, sometimes materially,
from any estimates, predictions, projections, assumptions or other future
performance suggested herein. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements. Except as
required by applicable law, including the securities laws of the United States
we do not intend to update any of the forward-looking statements to conform
these statements to actual results.
Our condensed consolidated financial statements are stated in
United States Dollars (US$) and are prepared in conformity with accounting
principles generally accepted in the United States of America (GAAP) for
interim financial statements. The following discussion should be read in
conjunction with our condensed consolidated financial statements and the related
notes that appear elsewhere in this quarterly report. As used in this quarterly
report, the terms we, us, the Company, and Liberty Star mean Liberty
Star Uranium & Metals Corp. and our subsidiaries, Big Chunk Corp. and Hay
Mountain Super Project, LLC, unless otherwise indicated. All dollar amounts
refer to U.S. dollars unless otherwise indicated.
2
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements.
LIBERTY STAR URANIUM & METALS CORP. |
CONDENSED CONSOLIDATED BALANCE SHEETS |
(Unaudited) |
|
|
October 31, |
|
|
January 31, |
|
|
|
2015 |
|
|
2015 |
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
Current: |
|
|
|
|
|
|
Cash and
cash equivalents |
$ |
4,377 |
|
$ |
53,517 |
|
Advances |
|
1,152 |
|
|
1,052 |
|
Prepaid
expenses |
|
76,216 |
|
|
88,288 |
|
Total current assets |
|
81,745 |
|
|
142,857 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
17,629 |
|
|
32,338 |
|
Total assets |
$ |
99,374 |
|
$ |
175,195 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Deficit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current: |
|
|
|
|
|
|
Current portion of long-term debt |
$ |
2,153 |
|
$ |
6,149 |
|
Convertible
promissory note, net of debt discount of $22,492 and $41,928 |
|
33,008 |
|
|
516,018 |
|
Accounts payable and accrued liabilities |
|
337,787 |
|
|
250,932 |
|
Accrued
wages to related parties |
|
473,992 |
|
|
404,992 |
|
Derivative liability |
|
78,277 |
|
|
216,705 |
|
Total
current liabilities |
|
925,217 |
|
|
1,394,796 |
|
|
|
|
|
|
|
|
Long-term: |
|
|
|
|
|
|
Long-term debt, net of current portion |
|
- |
|
|
561 |
|
Long-term
convertible note payable |
|
79,376 |
|
|
106,697 |
|
Total long-term liabilities |
|
79,376 |
|
|
107,258 |
|
|
|
|
|
|
|
|
Total liabilities |
|
1,004,593 |
|
|
1,502,054 |
|
|
|
|
|
|
|
|
Stockholders' deficit |
|
|
|
|
|
|
Common
stock - $.00001 par value; 6,250,000,000
and 1,250,000,000
shares authorized; 1,498,470,660
and 920,001,430
shares issued and outstanding |
|
14,985 |
|
|
9,200 |
|
Stock subscription receivable |
|
(55,673 |
)
|
|
(55,673 |
)
|
Additional
paid-in capital |
|
51,431,764 |
|
|
49,798,278 |
|
Accumulated deficit |
|
(52,296,295 |
)
|
|
(51,078,664 |
)
|
Total
stockholders' deficit |
|
(905,219 |
) |
|
(1,326,859 |
) |
|
|
|
|
|
|
|
Total
liabilities and shareholders' deficit |
$ |
99,374 |
|
$ |
175,195 |
|
The Accompanying Notes are an Integral Part of the Unaudited
Condensed Consolidated Financial Statements
3
LIBERTY STAR URANIUM & METALS CORP. |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
|
(Unaudited) |
|
|
Three
Months Ended |
|
|
Nine Months
Ended |
|
|
|
October 31, |
|
|
October 31, |
|
|
|
2015 |
|
|
2014 |
|
|
2015 |
|
|
2014 |
|
Revenues |
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
Geological and geophysical costs |
|
44,377 |
|
|
57,951 |
|
|
80,006 |
|
|
152,577 |
|
Salaries and benefits |
|
101,215 |
|
|
74,480 |
|
|
247,242 |
|
|
216,697 |
|
Public relations |
|
29,076 |
|
|
74,684 |
|
|
36,913 |
|
|
130,287 |
|
Depreciation |
|
6,416 |
|
|
6,489 |
|
|
19,012 |
|
|
20,978 |
|
Legal |
|
23,525 |
|
|
6,218 |
|
|
70,026 |
|
|
55,155 |
|
Professional services |
|
27,104 |
|
|
18,498 |
|
|
57,798 |
|
|
74,143 |
|
General and administrative |
|
48,274 |
|
|
62,809 |
|
|
139,079 |
|
|
173,921 |
|
Travel |
|
3,735 |
|
|
2,842 |
|
|
7,284 |
|
|
20,039 |
|
Net operating expenses |
|
283,722 |
|
|
303,971 |
|
|
657,360 |
|
|
843,797 |
|
Loss from operations |
|
(283,722 |
) |
|
(303,971 |
) |
|
(657,360 |
) |
|
(843,797 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
- |
|
|
2 |
|
|
1 |
|
|
5 |
|
Interest expense |
|
(110,888 |
) |
|
(144,622 |
) |
|
(703,346 |
) |
|
(559,312 |
) |
Gain (loss) on settlement of debt |
|
- |
|
|
- |
|
|
72,308 |
|
|
5,322,943 |
|
Gain
(loss) on change in fair value of derivative liability |
|
(13,233 |
) |
|
133,774 |
|
|
70,766 |
|
|
396,686 |
|
Total other income (expense)
|
|
(124,121 |
) |
|
(10,846 |
) |
|
(560,271 |
) |
|
5,160,322 |
|
Net income (loss) |
$ |
(407,843 |
) |
$ |
(314,817 |
) |
$ |
(1,217,631 |
) |
$ |
4,316,525 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic net income (loss) per share of common
stock |
$ |
(0.00 |
) |
$ |
(0.00 |
) |
$ |
(0.00 |
) |
$ |
0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted net income (loss) per share of common
stock |
$ |
(0.00 |
) |
$ |
(0.00 |
) |
$ |
(0.00 |
) |
$ |
0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic weighted average number of shares of
common stock outstanding |
|
1,382,733,547 |
|
|
901,574,375 |
|
|
1,166,824,752 |
|
|
876,232,276 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted weighted average number of shares of common
stock outstanding |
|
1,382,733,547 |
|
|
901,574,375 |
|
|
1,166,824,752 |
|
|
964,678,354 |
|
The Accompanying Notes are an Integral Part of the Unaudited
Condensed Consolidated Financial Statements
4
LIBERTY STAR URANIUM & METALS CORP. |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
|
(Unaudited) |
|
|
Nine Months Ended October 31,
|
|
|
|
2015 |
|
|
2014 |
|
Cash flows from operating
activities: |
|
|
|
|
|
|
Net income (loss) |
$ |
(1,217,631 |
) |
$ |
4,316,525 |
|
Adjustments to reconcile net
loss to net cash used in operating activities: |
|
|
|
|
|
|
Depreciation |
|
19,012 |
|
|
20,978 |
|
Amortization of
deferred financing charges |
|
- |
|
|
34,247 |
|
Amortization of debt discount
|
|
668,835 |
|
|
342,885 |
|
(Gain) loss on
settlement of debt |
|
(72,308 |
) |
|
(5,322,943 |
) |
(Gain) loss on change in fair
value of warrant liability |
|
(70,766 |
) |
|
(396,686 |
) |
Share based
compensation |
|
37,491 |
|
|
8,424 |
|
Common shares issued for third
party services |
|
10,320 |
|
|
71,500 |
|
Warrants issued
for third party services |
|
- |
|
|
6,440 |
|
Changes in assets and liabilities: |
|
|
|
|
|
|
Prepaid expenses
|
|
12,072 |
|
|
(74,005 |
) |
Other current assets |
|
(100 |
) |
|
- |
|
Accounts payable
and accrued expenses |
|
86,855 |
|
|
3,355 |
|
Accrued wages related parties |
|
69,000 |
|
|
48,000 |
|
Accrued interest
|
|
32,691 |
|
|
171,415 |
|
Cash
flows used in operating activities: |
|
(424,529 |
) |
|
(769,865 |
) |
|
|
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
Purchase of
equipment |
|
(4,303 |
) |
|
(9,870 |
) |
Net
cash used in investing activities |
|
(4,303 |
) |
|
(9,870 |
) |
|
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
Payments on
long-term debt |
|
(4,434 |
) |
|
(4,146 |
) |
Principal activity on
convertible promissory notes |
|
200,000 |
|
|
400,000 |
|
Proceeds from
the issuance of common stock, net of expenses |
|
184,126 |
|
|
474,250 |
|
Net
cash provided by financing activities |
|
379,692 |
|
|
870,104 |
|
|
|
|
|
|
|
|
Increase (decrease) in cash and cash
equivalents |
|
(49,140 |
) |
|
90,369 |
|
Cash and cash equivalents,
beginning of period |
|
53,517 |
|
|
55,089 |
|
Cash and cash equivalents, end of period |
$ |
4,377 |
|
$ |
145,458 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental disclosure of
cash flow information: |
|
|
|
|
|
|
Income tax paid |
$ |
- |
|
$ |
- |
|
Interest paid
|
$ |
7,169 |
|
$ |
7,970 |
|
Supplemental disclosure of non-cash items:
|
|
|
|
|
|
|
Stock
subscription receivable |
$ |
- |
|
$ |
55,673 |
|
Resolutions of derivative
liabilities due to debt conversions |
$ |
750,615 |
|
$ |
169,474 |
|
Warrants
reclassed to derivative liabilities |
$ |
- |
|
$ |
520,552
|
|
Debt discounts due to derivative
liabilities |
$ |
497,031 |
|
$ |
325,030 |
|
Derivative
liability for newly granted warrants |
$ |
49,553 |
|
$ |
6,440 |
|
Common stock issued for
conversion of debt and interest |
$ |
778,459 |
|
$ |
279,720 |
|
Original issue
discount |
$ |
16,000 |
|
$ |
23,750 |
|
The Accompanying Notes are an Integral Part of the Unaudited
Condensed Consolidated Financial Statements
5
LIBERTY STAR URANIUM & METALS CORP. |
NOTES TO CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS |
(Unaudited) |
NOTE 1 Interim financial statement disclosure
The condensed consolidated financial statements included herein
have been prepared by Liberty Star Uranium & Metals Corp. without audit,
pursuant to the rules and regulations of the United States Securities and
Exchange Commission (SEC) and should be read in conjunction with our annual
report on Form 10-K for the year ended January 31, 2015 as filed with the SEC
under the Securities and Exchange Act of 1934 (the Exchange Act). Certain
information and footnote disclosures normally included in financial statements
prepared in accordance with accounting principles generally accepted in the
United States of America have been condensed or omitted, as permitted by the
SEC, although we believe the disclosures which are made are adequate to make the
information presented not misleading. The condensed consolidated financial
statements reflect, in the opinion of management, all normal recurring
adjustments necessary to present fairly our financial position at October 31,
2015 and the results of our operations and cash flows for the periods presented.
Interim results are subject to significant seasonal variations
and the results of operations for the three and nine months ended October 31,
2015 are not necessarily indicative of the results to be expected for the full
year.
Certain amounts in the prior-year financial statements have
been reclassified for comparative purposes to conform with the presentation in
the current-year financial statements
NOTE 2 Going concern
The Company has incurred losses from operations, and requires
additional funds for further exploratory activity and to maintain its claims
prior to attaining a revenue generating status. There are no assurances that a
commercially viable mineral deposit exists on any of our properties. In
addition, the Company may not find sufficient ore reserves to be commercially
mined. As such, there is substantial doubt about the Companys ability to
continue as a going concern.
Management is working to secure additional funds through the
exercise of stock warrants already outstanding, equity financings, debt
financings or joint venture agreements. The condensed consolidated financial
statements do not include any adjustments that might result from the outcome of
these uncertainties.
NOTE 3 Summary of Significant Accounting Policies
Fair Value
ASC 820 Fair Value Measurements and Disclosures (ASC 820),
defines fair value, establishes a framework for measuring fair value and
enhances disclosures about fair value measurements. It defines fair value as the
exchange price that would be received for an asset or paid to transfer a
liability (an exit price) in the principal or most advantageous market for the
asset or liability in an orderly transaction between market participants on the
measurement date. ASC 820 also establishes a fair value hierarchy which requires
an entity to maximize the use of observable inputs and minimize the use of
unobservable inputs when measuring fair value. The standard describes three
levels of inputs that may be used to measure fair value:
Level 1: Observable inputs such as quoted prices (unadjusted)
in active markets for identical assets or liabilities.
Level 2: Inputs other than quoted prices that are observable
for the asset or liability, either directly or indirectly. These include quoted
prices for similar assets or liabilities in active markets; quoted prices for
identical or similar assets or liabilities that are not active; and model-driven
valuations whose inputs are observable or whose significant value drivers are
observable. Valuations may be obtained from, or corroborated by, third-party
pricing services.
Level 3: Unobservable inputs to measure fair value of assets
and liabilities for which there is little, if any market activity at the
measurement date, using reasonable inputs and assumptions based upon the best
information at the time, to the extent that inputs are available without undue
cost and effort.
As of October 31, 2015 the significant inputs to the Companys
derivative liability calculation were Level 3 inputs.
6
The following schedule summarizes the valuation of financial
instruments at fair value in the balance sheets as of October 31, 2015 and
January 31, 2015:
|
|
|
|
|
Fair value measurements at reporting
date using: |
|
|
|
|
|
|
Quoted prices |
|
|
|
|
|
|
|
|
|
|
|
|
in |
|
|
|
|
|
Significant |
|
|
|
|
|
|
active markets |
|
|
Significant |
|
|
|
|
|
|
|
|
|
for |
|
|
other |
|
|
unobservable |
|
|
|
|
|
|
identical |
|
|
observable |
|
|
|
|
|
|
|
|
|
liabilities |
|
|
inputs |
|
|
inputs |
|
Description |
|
Fair Value |
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant and convertible note
derivative liability at October 31, 2015 |
$ |
78,277 |
|
|
- |
|
|
- |
|
$ |
78,277 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant and convertible note
derivative liability at January 31, 2015 |
$ |
216,705
|
|
|
- |
|
|
- |
|
$ |
216,705
|
|
Our financial instruments consist of cash and cash equivalents,
accounts payable, accrued liabilities, convertible notes payable, notes payable,
and warrant liability. It is managements opinion that we are not exposed to
significant interest, currency or credit risks arising from these financial
instruments. With the exception of the warrant liability, the fair value of
these financial instruments approximates their carrying values based on their
short maturities or for long-term debt based on borrowing rates currently
available to us for loans with similar terms and maturities. Gains and losses
recognized on changes in estimated fair value of the derivative liability are
reported in other income (expense) as gain (loss) on change in fair value.
NOTE 4 Related party transactions
We entered into the following transactions with related
parties during the nine months ended October 31, 2015: We rented an office
from Jim Briscoe, our Chairman of the Board, CEO and CFO, on a month-to-month
basis for $522 per month. The total rent payments were $4,698 for the nine
months ended October 31, 2015. No amount was due as of October 31, 2015.
At October 31, 2015 we had a balance of accrued unpaid wages of
$458,367 to Jim Briscoe, our Chairman of the Board, CEO, CFO and President.
Additionally, we had a balance of accrued unpaid wages of $15,625 to a former
President.
During the three months ended October 31, 2015, we recognized
$29,067 of compensation expense related to the five year extension of 77,500,000
options to directors of the Company, extending the expiration date from August
2015 to August 2020, at their original exercise price of $0.038.
NOTE 5 Warrants
As of October 31, 2015, there were 104,435,056 whole share
purchase warrants outstanding and exercisable. The warrants have a weighted
average remaining life of 1.85 years and a weighted average exercise price of
$0.009 per whole warrant for one common share. The warrants had an aggregate
intrinsic value of $0 as of October 31, 2015.
Warrants issued in private placements outstanding at October
31, 2015 is as follows:
|
|
Number of |
|
|
|
|
|
|
whole share |
|
|
Weighted |
|
|
|
purchase |
|
|
average exercise |
|
|
|
warrants |
|
|
price per share |
|
Outstanding, January 31, 2015
|
|
59,566,708 |
|
$ |
0.024 |
|
Issued |
|
62,093,885 |
|
|
0.003 |
|
Expired |
|
(17,225,537 |
)
|
|
0.041 |
|
Exercised |
|
- |
|
|
- |
|
Outstanding, October 31, 2015
|
|
104,435,056 |
|
$ |
0.009 |
|
|
|
|
|
|
|
|
Exercisable, October 31, 2015
|
|
104,435,056 |
|
$ |
0.009 |
|
During the nine months ended October 31, 2015, the Company
issued 5,882,352 warrants to an investor at an exercise price of $0.0048 with a
three year term. The warrants were issued with common stock (one warrant for
each common share purchased) and there is no additional accounting for these
investor warrants.
During the nine months ended October 31, 2015, the Company
issued 33,613,445 warrants to an investor at an exercise price of $0.0025 with a
three year term. The warrants were issued with common stock (two warrants for
each common share purchased) and there is no additional accounting for these
investor warrants.
During the nine months ended October 31, 2015, the Company
issued 1,846,154 warrants to an investor at an exercise price of $0.0023 with a
three year term. The warrants were issued with common stock (one warrant for
each common share purchased) and there is no additional accounting for these
investor warrants.
During the nine months ended October 31, 2015, the Company
issued 2,822,912 warrants to an investor, the Companys CEO, at an exercise
price of $0.0021 with a three year term. The warrants were issued with common
stock (one warrant for each common share purchased) and there is no additional
accounting for these investor warrants.
During the nine months ended October 31, 2015, the Company
issued 16,077,170 warrants to an investor at an exercise price of $0.0022 with a
three year term. The warrants were issued with common stock (one warrant for
each common share purchased) and there is no additional accounting for these
investor warrants.
During the nine months ended October 31, 2015, the Company
issued 1,851,852 warrants to an investor at an exercise price of $0.0023 with a
three year term. The warrants were issued with common stock (one warrant for
each common share purchased) and there is no additional accounting for these
investor warrants.
7
NOTE 6 Derivative Liabilities
The embedded conversion feature in the convertible debt
instruments that the Company issued beginning in August 2013 (See Note 7), and
became convertible beginning in February 2014, qualified it as a derivative
instrument since the number of shares issuable under the note is indeterminate
based on guidance in FASB ASC 815, Derivatives and Hedging. This convertible
note tainted all other equity linked instruments including outstanding warrants
and fixed rate convertible debt on the date that the instrument became
convertible.
The valuation of the derivative liability of the warrants was
determined through the use of a Monte Carlo options model that values the
liability of the warrants based on a risk-neutral valuation where the price of
the option is its discounted expected value. The technique applied generates a
large number of possible (but random) price paths for the underlying common
stock via simulation, and then calculates the associated exercise value (i.e.
payoff) of the option for each path. These payoffs are then averaged and
discounted to a current valuation date resulting in the fair value of the
option.
The valuation of the derivative liability attached to the
convertible debt was arrived at through the use of a Monte Carlo model that
values the derivative liability within the notes. The technique applied
generates a large number of possible (but random) price paths for the underlying
(or underlyings) via simulation, and then calculates the associated payment
value (cash, stock, or warrants) of the derivative features. The price of the
underlying common stock is modeled such that it follows a geometric Brownian
motion with constant drift, and elastic volatility (increasing as stock price
decreases). The stock price is determined by a random sampling from a normal
distribution. Since the underlying random process is the same, for enough price
paths, the value of the derivative is derived from path dependent scenarios and
outcomes. The features in the notes that were analyzed and incorporated into the
model included the conversion features with the reset provisions, the
call/redemption/prepayment options, and the default provisions. Based on these
features, there are six primary events that can occur; payments are made in
cash; payments are made with stock; the note holder converts upon receiving a
redemption notice; the note holder converts the note; the issuer redeems the
note; or the Company defaults on the note. The model simulates the underlying
economic factors that influenced which of these events would occur, when they
were likely to occur, and the specific terms that would be in effect at the time
(i.e. stock price, conversion price, etc.). Probabilities were assigned to each
variable such as redemption likelihood, default likelihood, and timing and
pricing of reset events over the remaining term of the notes based on management
projections. This led to a cash flow simulation over the life of the note. A
discounted cash flow for each simulation was completed, and it was compared to
the discounted cash flow of the note without the embedded features, thus
determining a value for the derivative liability.
Key inputs and assumptions used to value the convertible notes
and warrants upon issuance or tainting and also as of October 31, 2015:
|
|
The stock projections are based on the historical
volatilities for each date. These ranged in the 131.9-146.9% range. The
stock price projection was modeled such that it follows a geometric
Brownian motion with constant drift and a constant volatility, starting
with the market stock price at each valuation date; |
|
|
An event of default would not occur during the remaining
term of the note; |
|
|
Conversion of the notes to stock would be completed
monthly after any holding period and would be limited based on: 5% of the
last 6 months average trading volume and the ownership limit identified in
the contract assuming the underlying number of common shares increases at
1% per month. The effective discount was determined based on the
historical trading history of the Company based on the specific pricing
mechanism in each note; |
|
|
The Company would not have funds available to redeem the
notes during the remaining term of the convertible notes; |
|
|
Discount rates were based on risk free rates in effect
based on the remaining term and date of each valuation and instrument.
|
|
|
The holder would exercise the warrant at maturity if the
stock price was above the exercise price; |
|
|
The Holder would exercise the warrant after any holding
period prior to maturity at target prices starting at 2 times the exercise
price for the Warrants or higher subject to monthly limits of: 5% of the
last 6 months average trading volume increasing by 1% per month and the
ownership limit identified in the contract assuming the underlying number
of common shares increases at 1% per month. |
|
|
For the warrants with reset features, the Company assumed
it would issue equity linked instruments in the quarters ended 10/31/15
through 4/30/16 at 70% of market. |
8
Using the results from the model, the Company recorded a
derivative liability of $49,553 for newly granted warrants and a derivative
liability of $633,399 for the fair value of the convertible feature included in
the Companys convertible debt instruments for the nine months ended October 31,
2015. The derivative liability recorded for the convertible feature created a
debt discount of $497,031 which is being amortized over the remaining term of
the note using the effective interest rate method and is classified as
convertible debt on the balance sheet. Interest expense related to the
amortization of this debt discount for the nine months ended October 31, 2015,
was $21,906. Additionally, $487,369 of debt discount was charged to interest
expense as a result of the conversion of a portion of the underlying debt
instrument. The remaining unamortized debt discount related to the derivative
liability was $14,595 as of October 31, 2015. The Company recorded the change in
the fair value of the derivative liability as a gain of $70,766 to reflect the
value of the derivative liability for warrants and convertible notes as $78,277
as of October 31, 2015. The Company also recorded a reclassification from
derivative liability to equity of $750,615 for the conversions of a portion of
the Companys convertible notes.
The following table sets forth a reconciliation of changes in
the fair value of the Companys derivative liability:
|
|
Nine months ended October 31, |
|
|
|
2015 |
|
|
2014 |
|
Beginning balance |
$ |
216,705
|
|
$ |
46,985 |
|
Total (gains) losses |
|
(70,766 |
) |
|
(396,686 |
) |
Settlements |
|
(750,615 |
) |
|
(169,474 |
) |
Additions |
|
682,953 |
|
|
852,022 |
|
Ending balance |
$ |
78,277 |
|
$ |
332,847 |
|
|
|
|
|
|
|
|
Change in unrealized gains
(losses) included in earnings relating to derivatives still held as of
October 31, 2015 and 2014 |
$ |
(70,766 |
) |
$ |
(396,686 |
)
|
9
NOTE 7 Convertible promissory notes
Following is a summary of convertible promissory notes:
|
|
October 31, |
|
|
January 31, |
|
|
|
2015 |
|
|
2015 |
|
|
|
|
|
|
|
|
12% convertible note payable
issued August 2013, $55,500 due August 2016 |
$ |
55,500 |
|
$ |
144,519
|
|
|
|
|
|
|
|
|
Convertible note payable
issued November 2013, due November 2015 |
|
- |
|
|
147,500 |
|
|
|
|
|
|
|
|
12% convertible note payable
issued August 2014, due August 2015 |
|
- |
|
|
157,792 |
|
|
|
|
|
|
|
|
10% convertible note payable
issued October 2014, due October 2015 |
|
- |
|
|
108,136 |
|
|
|
|
|
|
|
|
10% convertible note payable
issued December 2014, due December 2016 |
|
79,376 |
|
|
106,697 |
|
|
|
|
|
|
|
|
|
|
134,876 |
|
|
664,644 |
|
|
|
|
|
|
|
|
Less debt discount |
|
(22,492 |
)
|
|
(41,928 |
)
|
|
|
|
|
|
|
|
Less current portion of
convertible notes |
|
(33,008 |
)
|
|
(516,019 |
)
|
|
|
|
|
|
|
|
Long-term convertible notes
payable |
$ |
79,376 |
|
$ |
106,697 |
|
We issued convertible promissory notes in private placements of
our securities to institutional investors pursuant to exemptions from
registration set out in Rule 506 of Regulation D under the Securities Act of
1933.
10
In August 2013, we entered into a promissory note (the August
2013 Note) for a principal sum of $555,000 plus accrued and unpaid interest and
any other fees. The consideration is up to $500,000, which would produce an
original issue discount of $55,000 if all the consideration is received. The
lender paid $150,000 upon closing pursuant to the terms of the August 2013 Note.
The August 2013 Note has a maturity of one year from the delivery of each
payment. The August 2013 Note may be convertible into shares of common stock of
our company at any time from 180 days after the date of each payment of
consideration, at a conversion price which is 70% of the average of the three
lowest closing prices in the 20 trading days previous to the conversion. We may
repay the August 2013 Note at any time on or before 90 days from the effective
date of the August 2013 Note with an interest rate of 0%, after which we may not
make any further payments on the August 2013 Note prior to the maturity date
without written approval from the lender. If we elect not to repay the August
2013 Note on or before 90 days from the effective date of the August 2013 Note,
a one-time interest charge of 12% will be applied to the principal sum. We
elected not to pay the $150,000 portion of the August 2013 Note within 90 days
from the effective date. After the $150,000 portion of the August 2013 Note
became convertible, the note holder elected to convert the principal and
interest totaling $186,480 into 17,937,915 shares of the companys common stock
during the months of February through May of 2014. On December 9, 2013, we
received additional consideration of $75,000 pursuant to the terms of the August
2013 Note. We elected not to pay the $75,000 portion of the August 2013 Note
within 90 days from the effective date. In June, July and August 2014, the note
holder converted principal and interest totaling $93,240 into 9,983,507 shares
of the Companys common stock. On June 24, 2014 and September 3, 2014, we
received additional consideration of $75,000 and $75,000, respectively, pursuant
to the terms of the August 2013 Note. In December 2014 and January 2015, the
note holder converted principal and interest totaling $41,961 into 5,900,000
shares of the Companys common stock. On February 25, 2015, we received
additional consideration of $50,000 with $5,500 of original issue discount pursuant to the terms of the August 2013
Note. During the three months ended April 30, 2015, the note holder converted
principal and interest totaling $105,733 into 30,800,000 shares of the Companys
common stock. During the three months ended July 31, 2015, the note holder
converted principal and interest totaling $38,784 into 31,715,187 shares of the
Companys common stock. On August 28, 2015, we received additional consideration
of $50,000 with $5,500 of original issue discount pursuant to the terms of the
August 2013 Note. During the three months ended October 31, 2015, the note
holder converted principal and interest totaling $62,160 into 60,642,857 shares
of the Companys common stock. As of October 31, 2015, we had $55,500 of
principal and interest outstanding for the August 2013 Note.
On November 18, 2013, we entered into a securities purchase
agreement (the November 2013 Note), whereby we agreed to issue a convertible
note to one lender in the principal amount of $250,000. The proceeds from the
note were $225,000, which created an original issue discount of $25,000. The
note was payable in full on November 18, 2014 and bears no interest except in an
event of default. The lender may, at its option, after the 183rd day (after May
20, 2014) following the closing date, convert the principal amount or any
portion of such principal amount of the note into shares of common stock of our
company at the price equal to the lesser of (a) 100% of the volume weighted
average price (VWAP), as reported on the closing date (November 18, 2013), and
(b) 70% of the average of the 5 day VWAP immediately prior to the day of
conversion. On November 13, 2014, we entered into an Assignment of Promissory
Note & Acknowledgment, whereby we consented to an assignment of the note to
another lender, pursuant to which $250,000 remains owing by the Company. The
maturity date of the November 2013 Note was extended to November 18, 2015. From
November 2014 through January 2015, the new noteholder converted principal of
$102,500 into 11,792,944 shares of the Companys common stock. During the three
months ended April 30, 2015, the new noteholder converted principal of $125,001
into 29,248,823 shares of the Companys common stock. During the three months
ended July 31, 2015, the new noteholder converted principal and interest of
$28,046 into 18,995,113 shares of the Companys common stock. As of October 31,
2015, we had $0 of principal and interest outstanding for the November 2013
Note.
In August 2014, we received $150,000 pursuant to the terms of a
convertible promissory note (the August 2014 Note) dated August 26, 2014. The
Note bears interest at 12%, is due on August 26, 2015, and is convertible after
180 days at a 45% discount to the average of the daily VWAP prices for the
previous 10 trading days before the date of conversion During the three months
ended April 30, 2015, the new noteholder converted principal of $160,834 into
56,676,739 shares of the Companys common stock. As of October 31, 2015, we had
$0 of principal and interest outstanding for this Note.
On October 14, 2014, we entered into a securities purchase
agreement, whereby we agreed to issue a convertible note (the October 2014
Note) to one lender in the principal amount of $105,000. The Note is payable in
full on October 14, 2015, bears interest at the rate of 10% per annum, and
includes a $5,000 original issuance discount. The Note may be convertible into
shares of common stock of our company at any time from 180 days after the
execution date of the Note at a price per share of 40% discount to the average
of the daily VWAP for the previous five trading days before the date of
conversion. During the three months ended April 30, 2015, the note holder
converted principal and interest totaling $57,000 into 26,000,000 shares of the
Companys common stock. During the three months ended July 31, 2015, the note
holder converted principal and interest totaling $53,901 into 48,878,264 shares
of the Companys common stock. As of October 31, 2015, we had $0 of principal
and interest outstanding for this Note.
On December 3, 2014, we entered into a note purchase agreement,
whereby we agreed to issue a convertible note (the December 2014 Note) to
lender in the principal amount of $210,000, with a $10,000 original issuance
discount. The initial purchase price was $105,000 of consideration of which
$100,000 was received our company and $5,000 was retained through the original
issue discount. An additional $50,000 was received on February 27, 2015 with a
$2,500 original issue discount. An additional $30,000 was received on June 11,
2015 with a $1,500 original issue discount. An additional $20,000 was received
on July 9, 2015 with a $1,000 original issue discount. The Note bears interest
at 10%, is due on December 3, 2016, and is convertible after six months of
advance of funds at a 37.5% discount to the average of the daily VWAP prices for
the previous 5 trading days before the date of conversion. During the three
months ended July 31, 2015, the note holder converted principal and interest
totaling $69,357 into 61,028,598 shares of the Companys common stock. During
the three months ended October 31, 2015, the note holder converted principal and
interest totaling $77,643 into 77,194,959 shares of the Companys common stock.
As of October 31, 2015, we had of $79,376 of principal and interest outstanding
for this Note.
During the nine months ended October 31, 2015 and 2014, the
Company recorded debt discounts of $497,031 and $325,030, respectively, due to
the derivative liabilities, and original issue debt discounts of $16,000 and
$23,750, respectively, due to the convertible notes. The Company recorded
amortization of these discounts of $668,835 and $342,885 for the nine months
ended October 31, 2015 and 2014, respectively.
In November of 2013, the Company recorded $45,663 of deferred
financing costs, of which $15,500 was paid in cash and $30,163 paid with common
stock, related to the November 18, 2013 convertible note. The Company recorded
amortization of these deferred financing costs of $0 and $34,247 for the nine
months ended October 31, 2015 and 2014, respectively.
The Company recognized a gain on settlement of debt of $72,308
during the nine months ended October 31, 2015 as a result of convertible note
conversions during the nine months ended October 31, 2015.
11
NOTE 8 Stockholders deficit
Our common shares are all of the same class, are voting and
entitle stockholders to receive dividends as defined. Upon liquidation or
wind-up, stockholders are entitled to participate equally with respect to any
distribution of net assets or any dividends that may be declared.
On July 15, 2015 the Companys shareholders approved an
amendment to the Companys articles of incorporation to increase the number of
authorized common shares from 1,250,000,000 to 6,250,000,000.
Between February 2014 and July 2014, pursuant to the investment
agreement with KVM, KVM purchased 34,214,226 shares for $456,923, of which
$55,673 is still owed to the Company and is reflected as a stock subscription
receivable as of October 31, 2015.
During the three months ending April 30, 2015, $105,733 of the
August 2013 Note were converted into 30,800,000 shares of the Companys common
stock. The conversions occurred on multiple dates with conversion prices ranging
from $0.00194 to $0.00574.
During the three months ending April 30, 2015, $125,001 of the
November 2013 Note were converted into 29,248,823 shares of the Companys common
stock. The conversions occurred on multiple dates with conversion prices ranging
from 0.00274 to $0.00609 During the three months ending April 30, 2015, $160,834
of the August 2014 Note were converted into 56,676,739 shares of the Companys
common stock. The conversions occurred on multiple dates with conversion prices
ranging from $0.00193 to $0.00416.
During the three months ending April 30, 2015, $57,000 of the
October 2014 Note were converted into 26,000,000 shares of the Companys common
stock. The conversions occurred on multiple dates with conversion prices ranging
from $0.00192 to $0.00216.
During the three months ended April 30, 2015, the Company
issued 2,941,176 units to an investor for total proceeds of $10,000. Each unit
consists of one share of the Companys common stock and two warrants to purchase
one share each of the Companys common stock. The warrants have an exercise
price of $0.0048 and have a three year term (see note 5).
During the three months ending July 31, 2015, $38,784 of the
August 2013 Note were converted into 31,715,187 shares of the Companys common
stock. The conversions occurred on multiple dates with conversion prices ranging
from $0.00112 to $0.00135.
During the three months ending July 31, 2015, $28,046 of the
November 2013 Note were converted into 18,995,113 shares of the Companys common
stock. The conversions occurred on multiple dates with conversion prices ranging
from 0.00147 to $0.00148 During the three months ending July 31, 2015, $53,901
of the October 2014 Note were converted into 48,878,264 shares of the Companys
common stock. The conversions occurred on multiple dates with conversion prices
ranging from $0.00101 to $0.00127.
During the three months ending July 31, 2015, $69,357 of the
December 2014 Note were converted into 61,028,598 shares of the Companys common
stock. The conversions occurred on multiple dates with conversion prices ranging
from $0.00104 to $0.00121.
During the three months ended July 31, 2015, the Company issued
1,846,154 units to an investor for proceeds of $3,000. Each unit consists of one
share of the Companys common stock and one warrant to purchase one share each
of the Companys common stock. The warrants have an exercise price of $0.002275
and have a three year term (see note 5).
During the three months ended July 31, 2015, the Company issued
16,806,723 units to an investor for proceeds of $30,000. Each unit consists of
one share of the Companys common stock and two warrants to purchase one share
each of the Companys common stock. The warrants have an exercise price of
$0.002499 and have a three year term (see note 5).
During the three months ended July 31, 2015, the Company issued
2,822,912 units to an investor, the Companys CEO, for proceeds of $4,300. Each
unit consists of one share of the Companys common stock and one warrant to
purchase one share each of the Companys common stock. The warrants have an
exercise price of $0.002130 and have a three year term (see note 5).
During the three months ended October 31, 2015, $77,643 of the
December 2014 Note were converted into 77,194,959 shares of the Companys common
stock. The conversions occurred on multiple dates with conversion prices ranging
from $0.00090 to $0.00115.
During the three months ended October 31, 2015, $62,160 of the
August 2013 Note were converted into 60,642,857 shares of the Companys common
stock. The conversions occurred on multiple dates with conversion prices ranging
from $0.00098 to $0.00105.
During the three months ended October 31, 2015, the Company
issued 16,077,170 units to an investor for total proceeds of $25,000. Each unit
consists of one share of the Companys common stock and one warrant to purchase
one share of the Companys common stock. The warrants have an exercise price of
$0.00218 and have a three year term (see note 5).
During the three months ended October 31, 2015, the Company
issued 1,851,852 units to an investor for total proceeds of $3,000. Each unit
consists of one share of the Companys common stock and one warrant to purchase
one share of the Companys common stock. The warrants have an exercise price of
$0.00227 and have a three year term (see note 5).
During the three months ended October 31, 2015, the Company
issued 5,733,000 shares to a former service provider for services
totaling $10,320.
On June 20, 2015, we entered into an investment agreement (the
Investment Agreement) with Tangiers Investment Group, LLC (the Investor),
whereby the Investor has agreed to invest up to $8,000,000 to purchase shares of
our common stock. Subject to the terms and conditions of the Investment
Agreement and a registration rights agreement, we may, in our sole discretion,
deliver a notice to the Investor which states the dollar amount which we intend
to sell to the Investor on a certain date. The amount that we shall be entitled
to sell to Investor shall be equal to one hundred and fifty percent (150%) of
the average daily volume (U.S. market only) of the common stock for the ten (10)
trading days prior to the applicable notice date so long as such amount does not
exceed an accumulative amount per month of $100,000. The minimum amount shall be
equal to $5,000. In connection with the Investment Agreement, we also entered
into a registration rights agreement dated June 20, 2015, whereby we agreed to
file a Registration Statement on Form S-1 with the Securities and Exchange
Commission within thirty (30) days of the date of the registration rights
agreement and to have the Registration Statement declared effective by the
Securities and Exchange Commission within ninety (90) days after we have filed
the Registration Statement. We filed Form S-1 on July 2, 2015 and Form S-1
Amendment No. 1 on July 29, 2015, for registration of 100,000,000 shares of the
Companys common stock under the Investment Agreement, which was declared
effective by the Securities and Exchange Commission on August 5, 2015.
During the three months ended October 31, 2015, the Company
issued an aggregate of 89,209,703 shares of common stock for total proceeds of
$108,826 to Tangiers Investment Group, LLC under the Investment Agreement.
At October 31, 2015 there were 363,500 non-qualified stock
options outstanding with a weighted average exercise price of $0.697 per option;
of those options 363,500 are exercisable. At October 31, 2015 there were
85,421,374 incentive stock options outstanding with a weighted average exercise
price of $0.042 per option; of those options, 84,951,211 are exercisable with a
weighted average exercise price of $0.042.
During the Nine Months Ended October 31, 2015 we recognized
$8,424 of compensation expense related to incentive and non-qualified stock
options previously granted to officers, employees and consultants. Additionally,
we recognized $29,067 of compensation expense related to the five year extension
of 77,500,000 options to directors of the Company, extending the expiration date
from August 2015 to August 2020, at their original exercise price of $0.038.
NOTE 9 Subsequent events
In November 2015, $60,900 of the December 2014 Note was converted into 44,126,582 shares of the Company’s common stock.
In November 2015, the Company issued 10,790,297 shares of
common stock for proceeds of $20,925 to Tangiers Investment Group, LLC under the
Investment Agreement.
On November 2, 2015, we entered into a promissory note (the “November 2015 Note”) for a principal sum of up to $500,000. The consideration is up to $450,000, which would produce an original issue discount of $50,000 if all the consideration is received. The lender paid $50,000 upon closing pursuant to the terms of the November 2015 Note. The maturity date is two years from the effective date of each payment, as well as any unpaid interest and other fees. The November 2015 Note may be convertible into shares of common stock of our company at any time at a conversion price of 70% of the average of the three lowest closing prices in the 20 trading days previous to the conversion. We may repay the November 2015 Note at any time on or before 90 days from the effective date of the November 2015 with an interest rate of 0%, after which we may not make any further payments on the November 2015 Note prior to the maturity date without written approval from the lender. If we elect not to repay the November 2015 Note on or before 90 days from the effective date of the November 2015, a one-time interest charge of 12% will be applied to the principal sum.
The Company filed a Form S-1 on November 4, 2015, and a Form
S-1, Amendment No. 1 on November 25, 2015, to register an additional 350,000,000
shares under the Investment Agreement, and is subject to approval by the
Securities and Exchange Commission.
On December 4, 2015, the Company issued 1,655,629 units to an
investor for proceeds of $5,000. Each unit consists of one share of the
Companys common stock and one warrant to purchase one share each of the
Companys common stock. The warrants have an exercise price of $0.00423 and have
a three year term (see note 5).
12
Item 2. Managements Discussion and Analysis of Financial
Condition and Results of Operations.
Much of the information included in this quarterly report
includes or is based upon estimates, projections or other forward looking
statements. Such forward looking statements include any projections or
estimates made by us and our management in connection with our business
operations. While these forward-looking statements, and any assumptions upon
which they are based, are made in good faith and reflect our current judgment
regarding the direction of our business, actual results will almost always vary,
sometimes materially, from any estimates, predictions, projections, assumptions
or other future performance suggested herein. Although we believe that the
expectations reflected in the forward-looking statements are reasonable, we
cannot guarantee future results, levels of activity, performance or
achievements. Except as required by applicable law, including the securities
laws of the United States, we do not intend to update any of the forward-looking
statements to conform these statements to actual results.
Such estimates, projections or other forward looking
statements involve various risks and uncertainties as outlined below. We
caution the reader that important factors in some cases have affected and, in
the future, could materially affect actual results and cause actual results to
differ materially from the results expressed in any such estimates, projections
or other forward looking statements.
Business Development
The following Managements Discussion and Analysis is intended
to help the reader understand the results of operations and financial condition
of our company. Managements Discussion and Analysis is provided as a supplement
to, and should be read in conjunction with, our condensed consolidated financial
statements and the accompanying notes to the condensed consolidated financial
statements.
Liberty Star Uranium & Metals Corp. was formerly Liberty
Star Gold Corp. and formerly Titanium Intelligence, Inc. (Titanium). Titanium
was incorporated on August 20, 2001 under the laws of the State of Nevada. On
February 5, 2004 we commenced operations in the acquisition and exploration of
mineral properties business. Big Chunk Corp. (Big Chunk) is our wholly owned
subsidiary and was incorporated on December 14, 2003 in the State of Alaska. Big
Chunk is engaged in the acquisition and exploration of mineral properties
business in the State of Alaska. Redwall Drilling Inc. (Redwall) was our
wholly owned subsidiary and was incorporated on August 31, 2007 in the State of
Arizona. Redwall performed drilling services on our mineral properties. Redwall
ceased drilling activities in July 2008 and was dissolved on March 30, 2010. In
April 2007, we changed our name to Liberty Star Uranium & Metals Corp
(Liberty Star) to reflect our current general exploration for base and
precious metals. We are in the exploration phase of operations and have not
generated any revenues from operations.
We formed the wholly owned subsidiary, Hay Mountain Super
Project LLC (HMSP LLC) incorporated on October 24, 2014, to serve as the
primary holding company for development of the potential ore bodies encompassed
in the Hay Mountain area of interest in Arizona.
Our Current Business
We are an exploration company engaged in the acquisition and
exploration of mineral properties in the States of Arizona and Alaska. Claims in
the State of Alaska are held in the name of our wholly-owned subsidiary, Big
Chunk Corp. Claims in the State of Arizona are held in the name of Liberty Star.
We use the term Super Project to indicate a project in which numerous mineral
targets have been identified within a mineral province such as the
Arizona Strip or a large structural feature such as calderas which occur at Big
Chunk, East Silver Bell, and Tombstone , any one or more of which could
potentially contain commercially viable quantities of minerals. Our significant
projects are described below.
North Pipes Super Project (North Pipes and NPSP):
Located in Northern Arizona on the Arizona Strip, we plan to ascertain whether
the NPSP claims possess commercially viable deposits of uranium and associated
co-product metals. We have not identified any ore reserves to date.
Big Chunk Super Project (Big Chunk): Located in the
Iliamna region of Southwestern Alaska, we plan to ascertain whether the Big
Chunk claims possess commercially viable deposits of copper, gold, molybdenum,
silver, palladium rhenium and zinc. We have not identified any ore reserves to
date.
Tombstone Super Project (Tombstone)(formerly referred to
as Tombstone Porphyry Precious Metals Project): Tombstone is located in
Cochise County, Arizona and the Super Project covers the Tombstone caldera and
its environs. Within the Tombstone Caldera is the Hay Mountain target where we
are concentrating our work at this time. We plan to ascertain whether the
Tombstone, Hay Mountain claims possess commercially viable deposits of copper,
molybdenum, gold, silver, lead, zinc, manganese and other metals including Rare
Earth Elements (REEs). We have not identified any ore reserves to date.
13
East Silver Bell Porphyry Copper Project (East Silver
Bell): Located northwest of Tucson, Arizona, we plan to ascertain whether
the East Silver Bell claims possess commercially viable deposits of copper. We
have not identified any ore reserves to date.
Title to mineral claims involves certain inherent risks due to
difficulties of determining the validity of certain claims as well as potential
for problems arising from the frequently ambiguous conveyancing history
characteristic of many mineral properties. We have investigated title to all the
Companys mineral properties and, to the best of its knowledge, title to all
properties are in good standing.
The mineral resource business generally consists of three
stages: exploration, development and production. Mineral resource companies that
are in the exploration stage have not yet found mineral resources in
commercially exploitable quantities, and are engaged in exploring land in an
effort to discover them. Mineral resource companies that have located a mineral
resource in commercially exploitable quantities and are preparing to extract
that resource are in the development stage, while those engaged in the
extraction of a known mineral resource are in the production stage. We have not
found any mineral resources in commercially exploitable quantities.
There is no assurance that a commercially viable mineral
deposit exists on any of our properties, and further exploration is required
before we can evaluate whether any exist and, if so, whether it would be
economically feasible to develop or exploit those resources. Even if we complete
our current exploration program and we are successful in identifying a mineral
deposit, we would be required to spend substantial funds on further drilling and
engineering studies before we could know whether that mineral deposit will
constitute an ore reserve (an ore reserve is a commercially viable mineral
deposit).
To date, we have not generated any revenues. Our ability to
pursue our business plan and generate revenues is subject to our ability to
obtain additional financing, and we cannot give any assurance that we will be
able to do so.
Letter Agreement and Secured Convertible Notes with
Northern Dynasty Minerals Ltd
On July 15, 2010, we issued a secured convertible promissory
note bearing interest at a rate of 10% per annum compounded monthly (the 2010
Convertible Note) to Northern Dynasty Minerals Ltd (Northern Dynasty). During
the year ended January 31, 2012, the agreement with Northern Dynasty was amended
to issue additional secured convertible promissory notes totaling $730,174 to
reimburse Northern Dynasty for assessment work, rental fees, cash in lieu of
assessment work and filing fees on the mineral claims that were paid in fiscal
2011 and fiscal 2012 because we could not come to an agreement on the earn-in
option and joint venture agreement with Northern Dynasty.
As part of the transaction noted above, Northern Dynasty could
earn a 60% interest in our Big Chunk project in Alaska (the Joint Venture
Claims) by spending $10,000,000 on those properties over six years. The
borrowings from Northern Dynasty could be applied as part of Northern Dynastys
earn-in requirements. Northern Dynastys minimum annual expenditures under the
earn-in would be the minimum level necessary to keep the Joint Venture Claims in
good standing. Northern Dynasty could elect to abandon the earn-in at any time
on 30 days notice, so long as sufficient annual labor was performed, or a cash
payment in lieu of labor was made, in order to fulfill the annual labor
requirements for the Joint Venture Claims for a minimum of 12 months after
termination of the earn-in. No such notice by Northern Dynasty was received.
On November 14, 2012, we signed a loan settlement agreement
with Northern Dynasty which would have discharged the $3,730,174 principal
balance and $1,592,769 of accrued interest for the 2010 Convertible Note and
would have terminated Northern Dynastys earn-in rights. In exchange for the
settlement, we initiated the transfer of 199 Alaska mining claims to Northern
Dynastys subsidiary, U5 Resources. However, MBGS, LLC filed liens against the
claims before the transfer could be completed. In March 2014, Liberty Star and
Big Chunk entered into a settlement agreement with MBGS, LLC, following a
resolution conference conducted in Anchorage, Alaska whereby all Northern
Dynasty claims recorded by MBGS, LLC were released. As a result of the
settlement agreement with MBGS, LLC, the Company completed its loan settlement
agreement with Northern Dynasty and discharged the principal balance and accrued
interest for the 2010 Convertible Note and terminated Northern Dynastys
earn-in-rights. A gain of $5,322,943 for the settlement of the Northern Dynasty
debt and accrued interest was recorded in other income during the three months
ended April 30, 2014.
14
Results of Operations
Material Changes in Financial Condition for the Nine Month
Period Ended October 31, 2015
We had cash and cash equivalents in the amount of $4,377 as of
October 31, 2015 compared to $53,517 as of January 31, 2015. We had negative
working capital of $843,472 as of October 31, 2015 compared to $1,251,939 as of
January 31, 2015. We used $424,529 net cash in operating activities during the
nine months ended October 31, 2015 which was utilized for working capital. We
also utilized our cash funds to continue exploration activities at our Hay
Mountain mineral lands by working on geochemical interpretation of the soil,
rock chip and vegetation sampling and ztem (aeormagnetics and aero
electromagnetics). We purchased $4,303 of new equipment during the nine months
ended October 31, 2015. We have been raising capital by issuing convertible
promissory notes and selling equity by way of private placements and the
Investment Agreement with Tangiers Investment Group, LLC. We intend to continue
to raise capital from such sources. In addition to seeking sources of funding
through the sale of equity, we may seek to enter into joint venture agreements,
or other types of agreements with other companies to finance our projects for
the long term. In addition, we may choose to sell a portion of our assets to
finance our projects. Should our properties prove to be commercially viable, we
may be in a position to seek debt financing to help build infrastructure, and
eventually we may obtain revenues from commercial mining of our properties.
Material Changes in Results of Operations for the Three and
Nine Month Periods Ended October 31, 2015 and October 31, 2014
We had a net loss of $407,843 and $,1,217,631 and for the three
and nine months ended October 31, 2015, respectively, compared to a net loss of
$314,817 and net income of $4,316,525, respectively, for the three and nine
months ended October 31, 2014. We incurred a one-time non-recurring gain of
$5,322,943 in April 2014 due to our settlement of the Northern Dynasty Note.
Under the terms of the settlement agreement, signed in November, 2012, our
Alaska incorporated subsidiary Big Chunk Corp. transferred to a subsidiary of
Northern Dynasty a number of Alaska State mineral claims in exchange for the
forgiveness of the $3,730,174 principal balance and $1,592,769 of accrued
interest that our company owed Northern Dynasty under the 2010 Convertible Note.
The settlement agreement also terminated other contractual rights of Northern
Dynasty. The settlement agreement was considered completed by our company in
2012 but Northern Dynasty did not acknowledge its completion until March 2014.
During the period of over one year that the dispute continued as to whether the
settlement agreement had been completed, our company continued to accrue the
principal and interest that was claimed by Northern Dynasty and reported that
amount as a liability in our financial statements. The gain in the quarter
ended April 30, 2014 recognizes that the debt and interest under the 2010
Convertible Note are now settled and no longer claimed by Northern Dynasty.
During the three and nine months ended October 31, 2015 we had
a decrease of approximately $13,574 and $72,571, respectively in geological and
geophysical costs compared to the three and nine months ended October 31, 2014,
respectively, due to a decrease in geochemical reports ordered by the Company.
We had increase in salary and benefits expense of approximately $26,735 and
$30,545 during the three and nine months ended October 31, 2015, respectively,
as compared to the three and nine months ended October 31, 2014, due primarily
to the non-cash expense recognized upon extending the expiration date of options
granted to directors for five years to August 2020. We had decrease in public
relations expenses of approximately $45,608 and $93,374 during the three and
nine months ended October 31, 2015, respectively, as compared to the three and
nine months ended October 31, 2014, due to decreased expenditures in investor
prospecting services and news release activity. We had an increase in legal
expenses of approximately $17,307 and 14,871 during the three and nine months
ended October 31, 2015, respectively as compared to the three and nine months
ended October 31, 2014, due primarily to the costs associated with the Companys
Form S-1 Registration Statements filed in July and November of 2015. We had a
decrease in professional services expense of approximately $16,345 during the
nine months ended October 31, 2015, as compared to the nine months ended October
31, 2014, due to decreased expenditures in auditing and accounting services. We
had decrease in general and administrative expenses of approximately $14,535 and
$34,842 during the three and nine months ended October 31, 2015, respectively,
as compared to the three and nine months ended October 31, 2014, due primarily
to decreased expenditures for contract services. We incurred a non-cash loss on
the change in fair value of our derivative liabilities of $13,233 and gain of
$70,766, respectively, during the three and nine months ended October 31, 2015,
as compared to a gain of $133,774 and $396,686 during the three and nine months
ended October 31, 2014, due to the embedded conversion features in our debt
instruments that require us to record our equity linked instruments including
outstanding warrants and fixed rate convertible debt at fair value during the
three and nine months ended October 31, 2015 and 2014. We recognized a gain of
$72,308 during the nine months ended October 31, 2015 as a result of convertible
note conversions during the period.
15
Liquidity and Capital Resources
Convertible promissory notes
We have issued the following convertible promissory notes in
private placements of our securities to institutional investors pursuant to
exemptions from registration set out in Rule 506 of Regulation D under the
Securities Act of 1933.
On July 15, 2010, we issued a secured convertible promissory
note bearing interest at a rate of 10% per annum compounded monthly (the 2010
Convertible Note) to Northern Dynasty Minerals Ltd (Northern Dynasty). During
the year ended January 31, 2012, the agreement with Northern Dynasty was amended
to issue additional secured convertible promissory notes totaling $730,174 to
reimburse Northern Dynasty
for assessment work, rental fees, cash in lieu of assessment
work and filing fees on the mineral claims that were paid in fiscal 2011 and
fiscal 2012 because we could not come to an agreement on the earn-in option and
joint venture agreement with Northern Dynasty.
As part of the transaction noted above, Northern Dynasty could
earn a 60% interest in our Big Chunk project in Alaska (the Joint Venture
Claims) by spending $10,000,000 on those properties over six years. The
borrowings from Northern Dynasty could be applied as part of Northern Dynastys
earn-in requirements. Northern Dynastys minimum annual expenditures under the
earn-in would be the minimum level necessary to keep the Joint Venture Claims in
good standing. Northern Dynasty could elect to abandon the earn-in at any time
on 30 days notice, so long as sufficient annual labor was performed, or a cash
payment in lieu of labor was made, in order to fulfill the annual labor
requirements for the Joint Venture Claims for a minimum of 12 months after
termination of the earn-in. No such notice by Northern Dynasty was received.
On November 14, 2012, we signed a loan settlement agreement
with Northern Dynasty which would have discharged the $3,730,174 principal
balance and $1,592,769 of accrued interest for the 2010 Convertible Note and
would have terminated Northern Dynastys earn-in rights. In exchange for the
settlement, we initiated the transfer of 199 Alaska mining claims to Northern
Dynastys subsidiary, U5 Resources. However, MBGS, LLC filed liens against the
claims before the transfer could be completed. In March 2014 Liberty Star and
Big Chunk entered into a settlement agreement with MBGS, LLC, following a
resolution conference conducted in Anchorage, Alaska whereby all Northern
Dynasty claims recorded by MBGS, LLC were released. As a result of the
settlement agreement with MBGS, LLC, the Company completed its loan settlement
agreement with Northern Dynasty and discharged the principal balance and accrued
interest for the 2010 Convertible Note and terminated Northern Dynastys
earn-in-rights. A gain of $5,322,943 for the settlement of the Northern Dynasty
debt and accrued interest was recorded in other income during the three months
ended April 30, 2014.
In August 2013, we entered into a promissory note (the August
2013 Note) for a principal sum of $555,000 plus accrued and unpaid interest and
any other fees. The consideration is up to $500,000, which would produce an
original issue discount of $55,000 if all the consideration is received. The
lender paid $150,000 upon closing pursuant to the terms of the August 2013 Note.
The August 2013 Note has a maturity of one year from the delivery of each
payment. The August 2013 Note may be convertible into shares of common stock of
our company at any time from 180 days after the date of each payment of
consideration, at a conversion price which is 70% of the average of the three
lowest closing prices in the 20 trading days previous to the conversion. We may
repay the August 2013 Note at any time on or before 90 days from the effective
date of the August 2013 Note with an interest rate of 0%, after which we may not
make any further payments on the August 2013 Note prior to the maturity date
without written approval from the lender. If we elect not to repay the August
2013 Note on or before 90 days from the effective date of the August 2013 Note,
a one-time interest charge of 12% will be applied to the principal sum. We
elected not to pay the $150,000 portion of the August 2013 Note within 90 days
from the effective date. After the $150,000 portion of the August 2013 Note
became convertible, the note holder elected to convert the principal and
interest totaling $186,480 into 17,937,915 shares of the companys common stock
during the months of February through May of 2014. On December 9, 2013, we
received additional consideration of $75,000 pursuant to the terms of the August
2013 Note. We elected not to pay the $75,000 portion of the August 2013 Note
within 90 days from the effective date. In June, July and August 2014, the note
holder converted principal and interest totaling $93,240 into 9,983,507 shares
of the Companys common stock. On June 24, 2014 and September 3, 2014, we
received additional consideration of $75,000 and $75,000, respectively, pursuant
to the terms of the August 2013 Note. In December 2014 and January 2015, the
note holder converted principal and interest totaling $41,961 into 5,900,000
shares of the Companys common stock. On February 25, 2015, we received
additional consideration of $50,000 pursuant to the terms of the August 2013
Note. During the three months ended April 30, 2015, the note holder converted
principal and interest totaling $105,733 into 30,800,000 shares of the Companys
common stock. During the three months ended July 31, 2015, the note holder
converted principal and interest totaling $38,784 into 31,715,187 shares of the
Companys common stock. On August 28, 2015, we received additional consideration
of $50,000 with $5,500 of original issue discount pursuant to the terms of the
August 2013 Note. During the three months ended October 31, 2015, the note
holder converted principal and interest totaling $62,160 into 60,642,857 shares
of the Companys common stock. As of October 31, 2015, we had $55,500 of
principal and interest outstanding for the August 2013 Note.
On November 18, 2013, we entered into a securities purchase
agreement (the November 2013 Note), whereby we agreed to issue a convertible
note to one lender in the principal amount of $250,000. The proceeds from the
note were $225,000, which created an original issue discount of $25,000. The
note was payable in full on November 18, 2014 and bears no interest except in an
event of default. The lender may, at its option, after the 183rd day (after May
20, 2014) following the closing date, convert the principal amount or any
portion of such principal amount of the note into shares of common stock of our
company at the price equal to the lesser of (a) 100% of the volume weighted
average price (VWAP), as reported on the closing date (November 18, 2013), and
(b) 70% of the average of the 5 day VWAP immediately prior to the day of
conversion. On November 13, 2014, we entered into an Assignment of Promissory
Note & Acknowledgment, whereby we consented to an assignment of the note to
another lender, pursuant to which $250,000 remains owing by the Company. The
maturity date of the November 2013 Note was extended to November 18, 2015. From
November 2014 through January 2015, the new noteholder converted principal of
$102,500 into 11,792,944 shares of the Companys common stock. During the three
months ended April 30, 2015, the new noteholder converted principal of $125,001
into 29,248,823 shares of the Companys common stock. During the three months
ended July 31, 2015, the new noteholder converted principal and interest of
$28,046 into 18,995,113 shares of the Companys common stock. As of October 31,
2015, we had $0 of principal and interest outstanding for the November 2013
Note.
In August 2014, we received $150,000 pursuant to the terms of a
convertible promissory note (the August 2014 Note) dated August 26, 2014. The
Note bears interest at 12%, is due on August 26, 2015, and is convertible after
180 days at a 45% discount to the average of the daily VWAP prices for the
previous 10 trading days before the date of conversion During the three months
ended April 30, 2015, the new noteholder converted principal of $160,834 into 56,676,739 shares of the
Companys common stock. As of October 31, 2015, we had $0 of principal and
interest outstanding for this Note.
On October 14, 2014, we entered into a securities purchase
agreement, whereby we agreed to issue a convertible note (the October 2014
Note) to one lender in the principal amount of $105,000. The Note is payable in
full on October 14, 2015, bears interest at the rate of 10% per annum, and
includes a $5,000 original issuance discount. The Note may be convertible into
shares of common stock of our company at any time from 180 days after the
execution date of the Note at a price per share of 40% discount to the average
of the daily VWAP for the previous five trading days before the date of
conversion. During the three months ended April 30, 2015, the note holder
converted principal and interest totaling $57,000 into 26,000,000 shares of the
Companys common stock. During the three months ended July 31, 2015, the note
holder converted principal and interest totaling $53,901 into 48,878,264 shares
of the Companys common stock. As of October 31, 2015, we had $0 of principal
and interest outstanding for this Note.
On December 3, 2014, we entered into a note purchase agreement,
whereby we agreed to issue a convertible note (the December 2014 Note) to
lender in the principal amount of $210,000, with a $10,000 original issuance
discount. The initial purchase price was $105,000 of consideration of which
$100,000 was received our company and $5,000 was retained through the original
issue discount. An additional $50,000 was received on February 27, 2015 with a
$2,500 original issue discount. An additional $30,000 was received on June 11,
2015 with a $1,500 original issue discount. An additional $20,000 was received
on July 9, 2015 with a $1,000 original issue discount. The Note bears interest
at 10%, is due on December 3, 2016, and is convertible after six months of
advance of funds at a 37.5% discount to the average of the daily VWAP prices for
the previous 5 trading days before the date of conversion. During the three
months ended July 31, 2015, the note holder converted principal and interest
totaling $69,357 into 61,028,598 shares of the Companys common stock. During
the three months ended October 31, 2015, the note holder converted principal and
interest totaling $77,643 into 77,194,959 shares of the Companys common stock.
As of October 31, 2015, we had of $79,376 of principal and interest outstanding
for this Note.
On November 2, 2015, we entered into a promissory note (the “November 2015 Note”) for a principal sum of up to $500,000. The consideration is up to $450,000, which would produce an original issue discount of $50,000 if all the consideration is received. The lender paid $50,000 upon closing pursuant to the terms of the November 2015 Note. The maturity date is two years from the effective date of each payment, as well as any unpaid interest and other fees. The November 2015 Note may be convertible into shares of common stock of our company at any time at a conversion price of 70% of the average of the three lowest closing prices in the 20 trading days previous to the conversion. We may repay the November 2015 Note at any time on or before 90 days from the effective date of the November 2015 with an interest rate of 0%, after which we may not make any further payments on the November 2015 Note prior to the maturity date without written approval from the lender. If we elect not to repay the November 2015 Note on or before 90 days from the effective date of the November 2015, a one-time interest charge of 12% will be applied to the principal sum.
16
Investment agreement with Tangiers Investment Group, LLC
On June 20, 2015, we entered into an investment agreement (the
Agreement) with Tangiers Investment Group, LLC (the Investor), whereby the
Investor has agreed to invest up to $8,000,000 to purchase shares of our common
stock. Subject to the terms and conditions of the Agreement and a registration
rights agreement, we may, in our sole discretion, deliver a notice to the
Investor which states the dollar amount which we intend to sell to the Investor
on a certain date. The amount that we shall be entitled to sell to Investor
shall be equal to one hundred and fifty percent (150%) of the average daily
volume (U.S. market only) of the common stock for the ten (10) trading days
prior to the applicable notice date so long as such amount does not exceed an
accumulative amount per month of $100,000. The minimum amount shall be equal to
$5,000.
In connection with the Agreement, we also entered into a
registration rights agreement dated June 20, 2015, whereby we agreed to file a
Registration Statement on Form S-1 with the Securities and Exchange Commission
within thirty (30) days of the date of the registration rights agreement and to
have the Registration Statement declared effective by the Securities and
Exchange Commission within ninety (90) days after we have filed the Registration
Statement. We filed Form S-1 on July 2, 2015 and Form S-1 Amendment No. 1 on
July 29, 2015, for registration of 100,000,000 shares of the Companys common
stock under the Investment Agreement, which was declared effective by the
Securities and Exchange Commission on August 5, 2015.
The Agreement was subject to the condition that we increase our
authorized capital after receipt of shareholder approval for such increase. In
addition, our obligation under the registration rights agreement was conditional
upon our receiving shareholder approval for the increase of our authorized
capital. On July 15, 2015, at the annual and special meeting of stockholders,
our stockholders approved an amendment to our articles of incorporation to
increase the number of authorized shares of common stock of our company from
1,250,000,000 to 6,250,000,000.
On June 20, 2015, we terminated the previous investment
agreement dated December 15, 2014 and the registration rights agreement dated
December 15, 2014 with Tangiers Investment Group, LLC.
During the three months ended October 31, 2015, the Company
issued an aggregate of 89,209,703 shares of common stock for total proceeds of
$108,826 to Tangiers Investment Group, LLC under the Investment Agreement.
In November 2015, the Company issued 10,790,297 shares of
common stock for proceeds of $20,925 to Tangiers Investment Group, LLC under the
Investment Agreement.
The Company filed a Form S-1 on November 4, 2015, and a Form
S-1, Amendment No. 1 on November 25, 2015, to register an additional 350,000,000
shares under the Investment Agreement, and is subject to approval by the
Securities and Exchange Commission.
Critical Accounting Policies
The condensed consolidated financial statements of Liberty Star
have been prepared in conformity with accounting principles generally accepted
in the United States of America. Our significant accounting policies are
described in Note 2 to the consolidated financial statements included in Item 8
in our Form 10-K for the year ended January 31, 2015. The critical accounting
policies adopted by our company are as follows:
Going Concern
Since we have not generated any revenue, we have negative cash
flows from operations and negative working capital, we have included a reference
to the substantial doubt about our ability to continue as a going concern in
connection with our condensed consolidated financial statements as of October
31, 2015. Our total stockholders deficit at October 31, 2015 was $905,219.
These condensed consolidated financial statements have been
prepared on the going concern basis, which assumes that adequate sources of
financing will be obtained as required and that our assets will be realized, and
liabilities settled in the ordinary course of business. Accordingly, these
condensed consolidated financial statements do not include any adjustments
related to the recoverability of assets and classification of assets and
liabilities that might be necessary should we be unable to continue as a going
concern.
Mineral claims
We account for costs incurred to acquire, maintain and explore
mineral properties as charged to expense in the period incurred until the time
that a proven mineral resource is established at which point development of the
mineral property would be capitalized. Currently, we do not have any proven
mineral resources on any of our mineral properties.
Convertible promissory notes
We reviewed the convertible promissory notes and the related
subscription agreements to determine the appropriate reporting within the
condensed consolidated financial statements. We report convertible promissory
notes as liabilities at their carrying value less unamortized discounts in
accordance with the applicable accounting guidance. We record conversion options
and detachable common stock purchase warrants and report them as derivative
liabilities at fair value at each reporting period when required in accordance
with the applicable accounting guidance. No gain or loss is reported when the
notes are converted into shares of our common stock in accordance with the
notes terms.
17
Common stock purchase warrants
We report common stock purchase warrants as equity unless a
condition exists which requires reporting as a derivative liability at fair
market value. For common stock purchase warrants reported as a derivative
liability, as well as new and modified warrants reported as equity, we utilize a
Monte Carlo options model in order to determine fair value.
Item 3. Quantitative and Qualitative Disclosures About
Market Risk. Not applicable.
Item 4. Controls and Procedures.
As required by Rule 13a-15 under the Exchange Act, our
management has evaluated the effectiveness of the design and operation of our
disclosure controls and procedures at October 31, 2015, which is the end of the
fiscal quarter covered by this report. This evaluation was carried out by Mr.
James Briscoe, our principal executive officer and principal financial officer.
Based on this evaluation, Mr. Briscoe has concluded that our disclosure controls
and procedures were effective as at the end of the period covered by this
report. Disclosure controls and procedures are controls and other procedures
that are designed to ensure that information required to be disclosed by our
company in the reports that we file or submit under the Exchange Act is
recorded, processed, summarized and reported, within the time periods specified
in the SECs rules and forms. Disclosure controls and procedures include,
without limitation, controls and procedures designed to ensure that information
required to be disclosed by our company in the reports that we file or submit
under the Exchange Act is accumulated and communicated to our management,
including our principal executive officer and principal financial officer, to
allow timely decisions regarding required disclosure.
Changes in Internal Control over Financial Reporting
During the quarter ended October 31, 2015 there were no changes
in our internal control over financial reporting that have materially affected,
or are reasonably likely to materially affect, our internal control over
financial reporting.
18
PART II - OTHER INFORMATION
Item 1. Legal Proceedings
We currently have no outstanding litigation.
Item 1A. RISK FACTORS
Not applicable
Item 2. Unregistered Sales of Equity Securities and Use of
Proceeds
In April 2015, the Company issued 2,941,176 units to an
investor for total proceeds of $10,000. Each unit consists of one share of the
Companys common stock and two warrants to purchase one share each of the
Companys common stock. The warrants have an exercise price of $0.0048 and have
a three year term. In issuing these securities we relied on the registration
exemption provided for in Section 4(a)(2) of the Securities Act of 1933, as
amended.
During the three months ended July 31, 2015, the Company issued
1,846,154 units to an investor for proceeds of $3,000. Each unit consists of one
share of the Companys common stock and one warrant to purchase one share each
of the Companys common stock. The warrants have an exercise price of $0.002275
and have a three year term. During the three months ended July 31, 2015, the
Company issued 16,806,723 units to an investor for proceeds of $30,000. Each
unit consists of one share of the Companys common stock and two warrants to
purchase one share each of the Companys common stock. The warrants have an
exercise price of $0.002499 and have a three year term (see note 5). In issuing
these securities we relied on the registration exemption provided for in Section
4(a)(2) of the Securities Act of 1933, as amended.
During the three months ended July 31, 2015, the Company issued
2,822,912 units to an investor, the Companys CEO, for proceeds of $4,300. Each
unit consists of one share of the Companys common stock and one warrant to
purchase one share each of the Companys common stock. The warrants have an
exercise price of $0.002130 and have a three year term. In issuing these
securities we relied on the registration exemption provided for in Section
4(a)(2) of the Securities Act of 1933, as amended.
During the three months ended October 31, 2015, the Company
issued 16,077,170 units to an investor for total proceeds of $25,000. Each unit
consists of one share of the Companys common stock and one warrant to purchase
one share of the Companys common stock. The warrants have an exercise price of
$0.00218 and have a three year term. In issuing the securities described above,
we relied on the registration exemption provided for in Section 4(a)(2) of the
Securities Act of 1933, as amended.
During the three months ended October 31, 2015, the Company
issued 1,851,852 units to an investor for total proceeds of $3,000. Each unit
consists of one share of the Companys common stock and one warrant to purchase
one share of the Companys common stock. The warrants have an exercise price of
$0.00227 and have a three year term. In issuing the securities described above,
we relied on the registration exemption provided for in Section 4(a)(2) of the
Securities Act of 1933, as amended.
During the three months ended October 31, 2015, the Company
issued 5,733,000 shares to a former service provider for services
totaling $10,320. In issuing the securities described above, we relied on the
registration exemption provided for in Section 4(a)(2) of the Securities Act of
1933, as amended.
In August 2013, we entered into a promissory note (the August
2013 Note) for a principal sum of $555,000 plus accrued and unpaid interest and
any other fees. The consideration is up to $500,000, which would produce an
original issue discount of $55,000 if all the consideration is received. The
lender paid $150,000 upon closing pursuant to the terms of the August 2013 Note.
The August 2013 Note has a maturity of one year from the delivery of each
payment. The August 2013 Note may be convertible into shares of common stock of
our company at any time from 180 days after the date of each payment of
consideration, at a conversion price which is 70% of the average of the three
lowest closing prices in the 20 trading days previous to the conversion. We may
repay the August 2013 Note at any time on or before 90 days from the effective
date of the August 2013 Note with an interest rate of 0%, after which we may not
make any further payments on the August 2013 Note prior to the maturity date
without written approval from the lender. If we elect not to repay the August
2013 Note on or before 90 days from the effective date of the August 2013 Note,
a one-time interest charge of 12% will be applied to the principal sum. We
elected not to pay the $150,000 portion of the August 2013 Note within 90 days
from the effective date. On December 9, 2013, we received additional
consideration of $75,000 pursuant to the terms of the August 2013 Note. We
elected not to pay the $75,000 portion of the August 2013 Note within 90 days
from the effective date. On June 24, 2014 and September 3, 2014, we received
additional consideration of $75,000 and $75,000, respectively, pursuant to the
terms of the August 2013 Note. On February 25, 2015, we received additional
consideration of $50,000 pursuant to the terms of the August 2013 Note. During
the three months ended April 30, 2015, the note holder converted principal and
interest totaling $105,734 into 30,800,000 shares of the Companys common stock.
During the three months ended July 31, 2015, the note holder converted principal
and interest totaling $38,784 into 31,715,187 shares of the Companys common
stock. On August 28, 2015, we received additional consideration of $50,000 with
$5,500 of original issue discount pursuant to the terms of the August 2013 Note.
During the three months ended October 31, 2015, the note holder converted
principal and interest totaling $62,160 into 60,642,857 shares of the Companys
common stock. As of October 31, 2015, we had $55,500 of principal and interest
outstanding for the August 2013 Note. In issuing these securities we relied on
the registration exemption provided for in Rule 506 of Regulation D and/or
Section 4(a)(2) of the Securities Act of 1933, as amended.
On November 18, 2013, we entered into a securities purchase
agreement (the November 2013 Note), whereby we agreed to issue a convertible
note to one lender in the principal amount of $250,000. The proceeds from the
note were $225,000, which created an original issue discount of $25,000. The
note was payable in full on November 18, 2014 and bears no interest except in an
event of default. The lender may, at its option, after the 183rd day (after May
20, 2014) following the closing date, convert the principal amount or any
portion of such principal amount of the note into shares of common stock of our
company at the price equal to the lesser of (a) 100% of the volume weighted
average price (VWAP), as reported on the closing date (November 18, 2013), and
(b) 70% of the average of the 5 day VWAP immediately prior to the day of
conversion. On November 13, 2014, we entered into an Assignment of Promissory
Note & Acknowledgment, whereby we consented to an assignment of the note to
another lender, pursuant to which $250,000 remains owing by the Company. The
maturity date of the November 2013 Note was extended to November 18, 2015.
During the three months ended April 30, 2015, the new noteholder converted
principal of $125,001 into 29,248,823 shares of the Companys common stock.
During the three months ended July 31, 2015, the new noteholder converted
principal of $28,046 into 18,995,113 shares of the Companys common stock. As of
October 31, 2015, we had $0 of principal and interest outstanding for the
November 2013 Note. In issuing these securities we relied on the registration
exemption provided for in Rule 506 of Regulation D and/or Section 4(a)(2) of the
Securities Act of 1933, as amended.
19
In August 2014, we received $150,000 pursuant to the terms of a
convertible promissory note (the August 2014 Note) dated August 26, 2014. The
Note bears interest at 12%, is due on August 26, 2015, and is convertible after
180 days at a 45% discount to the average of the daily VWAP prices for the
previous 10 trading days before the date of conversion During the three months
ended April 30, 2015, the new noteholder converted principal of $160,833 into
56,676,739 shares of the Companys common stock. As of October 31, 2015, we had
$0 of principal and interest outstanding for this Note. We issued the security
to one U.S. person who is an accredited investor (as that term is defined in
Rule 501 of Regulation D, promulgated by the Securities and Exchange Commission
pursuant to the Securities Act of 1933, as amended, and in issuing these
securities to this investor we relied on the registration exemption provided for
in Rule 506 of Regulation D and/or Section 4(a)(2) of the
Securities Act of 1933, as amended .
On October 14, 2014, we entered into a securities purchase
agreement, whereby we agreed to issue a convertible note (the October 2014
Note) to one lender in the principal amount of $105,000. The Note is payable in
full on October 14, 2015, bears interest at the rate of 10% per annum, and
includes a $5,000 original issuance discount. The Note may be convertible into
shares of common stock of our company at any time from 180 days after the
execution date of the Note at a price per share of 40% discount to the average
of the daily VWAP for the previous five trading days before the date of
conversion. During the three months ended April 30, 2015, the note holder
converted principal and interest totaling $57,000 into 26,000,000 shares of the
Companys common stock. During the three months ended July 31, 2015, the note
holder converted principal and interest totaling $53,901 into 48,878,264 shares
of the Companys common stock. As of October 31, 2015, we had $0 of principal
and interest outstanding for this Note. We issued the security to one U.S.
person who is an accredited investor (as that term is defined in Rule 501 of
Regulation D, promulgated by the Securities and Exchange Commission pursuant to
the Securities Act of 1933, as amended, and in issuing these securities to this
investor we relied on the registration exemption provided for in Rule 506 of
Regulation D and/or Section 4(a)(2) of the Securities Act of 1933, as amended.
On December 3, 2014, we entered into a note purchase agreement,
whereby we agreed to issue a convertible note (the December 2014 Note) to
lender in the principal amount of $210,000, with a $10,000 original issuance
discount. The initial purchase price was $105,000 of consideration of which
$100,000 was received our company and $5,000 was retained through the original
issue discount. An additional $50,000 was received on February 27, 2015 with a
$2,500 original issue discount. An additional $30,000 was received on June 11,
2015 with a $1,500 original issue discount. An additional $50,000 was received
on February 27, 2015 with a $2,500 original issue discount. An additional
$20,000 was received on July 9, 2015 with a $1,000 original issue discount. The
Note bears interest at 10%, is due on December 3, 2016, and is convertible after
six months of advance of funds at a 37.5% discount to the average of the daily
VWAP prices for the previous 5 trading days before the date of conversion.
During the three months ended July 31, 2015, the note holder converted principal
and interest totaling $69,357 into 61,028,598 shares of the Companys common
stock. During the three months ended October 31, 2015, $77,643 of the December
2014 Note were converted into 77,194,959 shares of the Companys common stock.
As of October 31, 2015, we had of $79,376 principal and interest outstanding for
this Note. In issuing these securities we relied on the registration exemption
provided for in Rule 506 of Regulation D and/or Section 4(a)(2) of the
Securities Act of 1933, as amended.
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Under Section 1503(a) of the Dodd-Frank Wall Street Reform and
Consumer Protection Act and under the SECs recently adopted Item 104 of
Regulation S-K, each operator of a coal or other mine is required to include
disclosures regarding certain mine safety results in its periodic reports filed
with the SEC. The operation of our mine(s) that may be developed in the future
would be subject to regulation by the federal Mine Safety and Health
Administration (MSHA) under the Federal Mine Safety and Health Act of 1977. We
do not own any mines in the United States and as a result, this information is
not required.
Item 5. Other Information.
None.
20
Item 6. Exhibits
Exhibit |
|
Number |
Description of Exhibit |
3.1 |
Articles of Incorporation
1 |
3.2 |
Bylaws 2 |
3.3 |
Certificate of Change to
Authorized Capital 3 |
3.4 |
Articles of Merger 3 |
10.1 |
Letter Agreement dated November
14, 2011 with Northern Dynasty 4 |
10.2 |
Form of Subscription Agreement 5 |
10.3 |
Form of Stock Option Agreement
6 |
10.4 |
Form of Warrant Certificate 7 |
10.5 |
Settlement Agreement dated
November 13, 2012 with Northern Dynasty Minerals Ltd. 8 |
10.6 |
Convertible Note issued to JSJ Investments Inc.
9 |
10.7 |
Securities Purchase Agreement
dated October 15, 2014 10 |
10.8 |
Convertible Note dated October 15, 2014
10 |
10.9 |
Investment Agreement dated
December 15, 2014 with Tangiers Capital, LLC 11 |
10.10 |
Registration Rights Agreement dated December
15, 2014 with Tangiers Capital, LLC |
10.11 |
Investment Agreement dated June
20, 2015 with Tangiers Capital, LLC. 12 |
10.12 |
Registration Rights Agreement dated June 20,
2015 with Tangiers Capital, LLC 12 |
10.13 |
Convertible Promissory Note dated November 2, 2015 issued to JMJ Financial * |
14.1 |
Code of Ethics 3 |
21.1 |
Subsidiaries: |
|
Big Chunk Corp., incorporated
in Alaska |
|
Hay Mountain Super Project LLC, organized in
Arizona |
31.1*
|
Section
302 Certification under Sarbanes-Oxley Act of 2002 of James Briscoe
|
32.1*
|
Section
906 Certification under Sarbanes-Oxley Act of 2002 of James Briscoe
|
101.INS*
|
XBRL
INSTANCE DOCUMENT |
101.SCH*
|
XBRL
TAXONOMY EXTENSION SCHEMA |
101.CAL*
|
XBRL
TAXONOMY EXTENSION CALCULATION LINKBASE |
101.DEF*
|
XBRL
TAXONOMY EXTENSION DEFINITION LINKBASE |
101.LAB*
|
XBRL
TAXONOMY EXTENSION LABEL LINKBASE |
101.PRE*
|
XBRL
TAXONOMY EXTENSION PRESENTATION LINKBASE |
* Filed herewith.
1 |
Filed as an exhibit to our Registration Statement on Form
SB-2, filed with the SEC on May 14, 2002. |
2 |
Filed as an exhibit to our Quarterly Report on Form
10-QSB, filed with the SEC on December 14, 2007. |
3 |
Filed as an exhibit to our Current Report on Form 8-K,
filed with the SEC on September 1, 2009. |
4 |
Filed as an exhibit to our Current Report on Form 8-K,
filed with the SEC on November 25, 2011. |
5 |
Filed as an exhibit to our Current Report on Form 8-K,
filed with the SEC on December 13, 2011. |
6 |
Filed as an exhibit to our Current Report on Form 8-K,
filed with the SEC on January 23, 2012. |
7 |
Filed as an exhibit to our Current Report on Form 8-K,
filed with the SEC on July 30, 2012. |
8 |
Filed as an exhibit to our Current Report on Form 8-K,
filed with the SEC on November 15, 2012. |
9 |
Filed as an exhibit to our Current Report on Form 8-K,
filed with the SEC on September 2, 2014. |
10 |
Filed as an exhibit to our Current Report on Form 8-K,
filed with the SEC on October 20, 2014. |
11 |
Filed as an exhibit to our Current Report on Form 8-K,
filed with the SEC on December 19, 2014. |
12 |
Filed as an exhibit to our Current Report on Form 8-K,
filed with the SEC on June 20, 2015. |
21
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
LIBERTY STAR URANIUM & METALS CORP. |
|
By: /s/ James Briscoe |
James Briscoe, Chairman |
Chief Executive Officer, |
Chief Financial Officer, and Director |
(Principal Executive Officer, Principal Financial Officer
|
and Principal Accounting Officer)
|
Date: December 15, 2015
22
LBSR |
Interest free if paid in full
within 3 months
|
CONVERTIBLE PROMISSORY NOTE
FOR VALUE RECEIVED, Liberty Star Uranium & Metals
Corp., a Nevada corporation (the Issuer of this Security) with at least
1,300,000,000 common shares issued and outstanding, issues this Security and
promises to pay to JMJ Financial, a Nevada sole proprietorship, or its Assignees
(the Investor) the Principal Sum along with the Interest Rate and any other
fees according to the terms herein. This Note will become effective only upon
execution by both parties and delivery of the first payment of Consideration by
the Investor (the Effective Date).
The Principal Sum is up to $500,000 (five hundred thousand)
plus accrued and unpaid interest and any other fees. The Consideration is
$450,000 (four hundred fifty thousand) payable by wire (there exists a $50,000
original issue discount (the OID)). The Investor shall pay $50,000 of
Consideration upon closing of this Note. The Investor may pay additional
Consideration to the Issuer in such amounts and at such dates as the Investor
may choose, however, the Issuer has the right to reject any of those payments
within 24 hours of receipt of rejected payments. THE PRINCIPAL SUM DUE TO THE
INVESTOR SHALL BE BASED ON THE CONSIDERATION ACTUALLY PAID BY INVESTOR (PLUS AN
APPROXIMATE 10% ORIGINAL ISSUE DISCOUNT THAT IS BASED ON THE CONSIDERATION
ACTUALLY PAID BY THE INVESTOR AS WELL AS ANY OTHER INTEREST OR FEES) SUCH
THAT THE ISSUER IS ONLY REQUIRED TO REPAY THE AMOUNT FUNDED AND THE ISSUER IS
NOT REQUIRED TO REPAY ANY UNFUNDED PORTION OF THIS NOTE. The Maturity Date
is two years from the Effective Date of each payment (the Maturity Date) and
is the date upon which the Principal Sum of this Note, as well as any unpaid
interest and other fees, shall be due and payable. The Conversion Price is 70%
of the average of the three lowest closing prices in the 20 trading days
previous to the conversion (In the case that conversion shares are not
deliverable by DWAC an additional 10% discount will apply; and if the shares are
ineligible for deposit into the DTC system and only eligible for Xclearing
deposit an additional 5% discount shall apply; in the case of both an additional
cumulative 15% discount shall apply). Unless otherwise agreed in writing by both
parties, at no time will the Investor convert any amount of the Note into common
stock that would result in the Investor owning more than 4.99% of the common
stock outstanding.
1. ZERO Percent Interest for the First Three
Months. The Issuer may repay this Note at any time on or before 90 days from
the Effective Date, after which the Issuer may not make further payments on this
Note prior to the Maturity Date without written approval from the Investor.
If the Issuer repays a payment of Consideration on or before 90 days from the
Effective Date of that payment, the Interest Rate on that payment of
Consideration shall be ZERO PERCENT (0%). If the Issuer does not repay a
payment of Consideration on or before 90 days from its Effective Date, a
one-time Interest charge of 12% shall be applied to the Principal Sum. Any
interest payable is in addition to the OID, and that OID remains payable
regardless of time and manner of payment by the Issuer.
2. Conversion. The Investor has the right, at any time
after the Effective Date, at its election, to convert all or part of the
outstanding and unpaid Principal Sum and accrued interest (and any other fees)
into shares of fully paid and non-assessable shares of common stock of the
Issuer as per this conversion formula: Number of shares receivable upon
conversion equals the dollar conversion amount divided by the Conversion Price.
Conversions may be delivered to the Issuer by method of the Investors choice
(including but not limited to email, facsimile, mail, overnight courier, or
personal delivery), and all conversions shall be cashless and not require
further payment from the Investor. If no objection is delivered from the Issuer
to the Investor regarding any variable or calculation of the conversion notice
within 24 hours of delivery of the conversion notice, the Issuer shall have been
thereafter deemed to have irrevocably confirmed and irrevocably ratified such
notice of conversion and waived any objection thereto. The Issuer shall deliver
the shares from any conversion to the Investor (in any name directed by the
Investor) within 3 (three) business days of conversion notice delivery.
3. Conversion Delays. If the Issuer fails to deliver
shares in accordance with the timeframe stated in Section 2, the Investor, at
any time prior to selling all of those shares, may rescind any portion, in whole
or in part, of that particular conversion attributable to the unsold shares and
have the rescinded conversion amount returned to the Principal Sum with the
rescinded conversion shares returned to the Issuer (under the Investors and the
Issuers expectations that any returned conversion amounts will tack back to the
original date of the Note). In addition, for each conversion, in the event that
shares are not delivered by the fourth business day (inclusive of the day of
conversion), a penalty of $2,000 per day will be assessed for each day after the
third business day (inclusive of the day of the conversion) until share delivery
is made; and such penalty will be added to the Principal Sum of the Note (under
the Investors and the Issuers expectations that any penalty amounts will tack
back to the original date of the Note).
4. Reservation of Shares. At all times during which this
Note is convertible, the Issuer will reserve from its authorized and unissued
Common Stock to provide for the issuance of Common Stock upon the full
conversion of this Note. The Issuer will at all times reserve at least
625,000,000 shares of Common Stock for conversion.
5. This Section 5 Intentionally Left Blank
6. This Section 6 Intentionally Left Blank
7. Default. The following are events of default under
this Note: (i) the Issuer shall fail to pay any principal under the Note when
due and payable (or payable by conversion) thereunder; or (ii) the Issuer shall
fail to pay any interest or any other amount under the Note when due and payable
(or payable by conversion) thereunder; or (iii) a receiver, trustee or other
similar official shall be appointed over the Issuer or a material part of its
assets and such appointment shall remain uncontested for twenty (20) days or
shall not be dismissed or discharged within sixty (60) days; or (iv) the Issuer
shall become insolvent or generally fails to pay, or admits in writing its
inability to pay, its debts as they become due, subject to applicable grace
periods, if any; or (v) the Issuer shall make a general assignment for the benefit of creditors; or (vi) the Issuer shall file a
petition for relief under any bankruptcy, insolvency or similar law (domestic or
foreign); or (vii) an involuntary proceeding shall be commenced or filed against
the Issuer; or (viii) the Issuer shall lose its status as DTC Eligible or the
Issuers shareholders shall lose the ability to deposit (either electronically
or by physical certificates, or otherwise) shares into the DTC System; or (ix)
the Issuer shall become delinquent in its filing requirements as a
fully-reporting issuer registered with the SEC; or (x) the Issuer shall fail to
meet all requirements to satisfy the availability of Rule 144 to the Investor or
its assigns including but not limited to timely fulfillment of its filing
requirements as a fully-reporting issuer registered with the SEC, requirements
for XBRL filings, and requirements for disclosure of financial statements on its
website.
8. Remedies. In the event of any default, the
outstanding principal amount of this Note, plus accrued but unpaid interest,
liquidated damages, fees and other amounts owing in respect thereof through the
date of acceleration, shall become, at the Investors election, immediately due
and payable in cash at the Mandatory Default Amount. The Mandatory Default
Amount means the greater of (i) the outstanding principal amount of this Note,
plus all accrued and unpaid interest, liquidated damages, fees and other amounts
hereon, divided by the Conversion Price on the date the Mandatory Default Amount
is either demanded or paid in full, whichever has a lower Conversion Price,
multiplied by the VWAP on the date the Mandatory Default Amount is either
demanded or paid in full, whichever has a higher VWAP, or (ii) 150% of the
outstanding principal amount of this Note, plus 100% of accrued and unpaid
interest, liquidated damages, fees and other amounts hereon. Commencing five (5)
days after the occurrence of any event of default that results in the eventual
acceleration of this Note, the interest rate on this Note shall accrue at an
interest rate equal to the lesser of 18% per annum or the maximum rate permitted
under applicable law. In connection with such acceleration described herein, the
Investor need not provide, and the Issuer hereby waives, any presentment,
demand, protest or other notice of any kind, and the Investor may immediately
and without expiration of any grace period enforce any and all of its rights and
remedies hereunder and all other remedies available to it under applicable law.
Such acceleration may be rescinded and annulled by the Investor at any time
prior to payment hereunder and the Investor shall have all rights as a holder of
the note until such time, if any, as the Investor receives full payment pursuant
to this Section 8. No such rescission or annulment shall affect any subsequent
event of default or impair any right consequent thereon. Nothing herein shall
limit the Investors right to pursue any other remedies available to it at law
or in equity including, without limitation, a decree of specific performance
and/or injunctive relief with respect to the Issuers failure to timely deliver
certificates representing shares of Common Stock upon conversion of the Note as
required pursuant to the terms hereof.
9. No Shorting. The Investor agrees that so long as this
Note from the Issuer to the Investor remains outstanding, the Investor will not
enter into or effect short sales of the Common Stock or hedging transaction
which establishes a net short position with respect to the Common Stock of the
Issuer. The Issuer acknowledges and agrees that upon delivery of a conversion
notice by the Investor, the Investor immediately owns the shares of Common Stock
described in the conversion notice and any sale of those shares issuable under
such conversion notice would not be considered short sales.
10. Assignability. The Issuer may not assign this Note.
This Note will be binding upon the Issuer and its successors and will inure to
the benefit of the Investor and its successors and assigns and may be assigned
by the Investor to anyone without the Issuers approval.
11. Governing
Law. This Note will be governed by, and construed and enforced in accordance
with, the laws of the State of Nevada, without regard to the conflict of laws
principles thereof. Any action brought by either party against the other
concerning the transactions contemplated by this Agreement shall be brought only
in the state courts of Florida or in the federal courts located in Miami-Dade
County, in the State of Florida. Both parties and the individuals signing this
Agreement agree to submit to the jurisdiction of such courts.
12. Delivery of Process by the Investor to the Issuer.
In the event of any action or proceeding by the Investor against the Issuer, and
only by the Investor against the Issuer, service of copies of summons and/or
complaint and/or any other process which may be served in any such action or
proceeding may be made by the Investor via U.S. Mail, overnight delivery service
such as FedEx or UPS, email, fax, or process server, or by mailing or otherwise
delivering a copy of such process to the Issuer at its last known attorney as
set forth in its most recent SEC filing.
13. Attorney Fees. If any attorney is employed by either
party with regard to any legal or equitable action, arbitration or other
proceeding brought by such party for enforcement of this Note or because of an
alleged dispute, breach, default or misrepresentation in connection with any of
the provisions of this Note, the prevailing party will be entitled to recover
from the other party reasonable attorneys' fees and other costs and expenses
incurred, in addition to any other relief to which the prevailing party may be
entitled.
14. Opinion of Counsel. In the event that an opinion of
counsel is needed for any matter related to this Note, the Investor has the
right to have any such opinion provided by its counsel. Investor also has the
right to have any such opinion provided by Issuers counsel.
15. Notices.
Any notice required or permitted hereunder (including Conversion Notices) must
be in writing and either personally served, sent by facsimile or email
transmission, or sent by overnight courier. Notices will be deemed effectively
delivered at the time of transmission if by facsimile or email, and if by
overnight courier the business day after such notice is deposited with the
courier service for delivery.
Issuer:
|
|
Investor:
|
James Briscoe |
|
JMJ Financial |
Liberty Star Uranium & Metals Corp. |
|
Its Principal |
Chief Executive Officer |
|
|
|
|
|
Date: ____________________________________ |
|
Date: ____________________________________ |
Exhibit 31.1
CERTIFICATION PURSUANT TO
SECTION 302 OF THE
SARBANES-OXLEY ACT OF 2002
I, James Briscoe, certify that:
1. |
I have reviewed this Quarterly Report on Form 10-Q of
Liberty Star Uranium & Metals Corp. |
|
|
2. |
Based on my knowledge, this report does not contain any
untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under
which such statements were made, not misleading with respect to the period
covered by this report; |
|
|
3. |
Based on my knowledge, the financial statements, and
other financial information included in this report, fairly present in all
material respects the financial condition, results of operations and cash
flows of the registrant as of, and for, the periods presented in this
report; |
|
|
4. |
I am responsible for establishing and maintaining
disclosure controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in the Exchange Act Rule 13a-15(f) and 15d-15(f)) for the
registrant and have: |
|
(a) |
designed such disclosure controls and procedures, or
caused such disclosure controls and procedures to be designed under my
supervision, to ensure that material information relating to the
registrant, including its consolidated subsidiaries, is made known to me
by others within those entities, particularly during the period in which
this report is being prepared; |
|
|
|
|
(b) |
designed such internal control over financial reporting,
or caused such internal control over financial reporting to be designed
under my supervision, to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally accepted
accounting principles; |
|
|
|
|
(c) |
evaluated the effectiveness of the registrants
disclosure controls and procedures and presented in this report my
conclusions about the effectiveness of the disclosure controls and
procedures, as of the end of the period covered by this report based on
such evaluation; and |
|
|
|
|
(d) |
disclosed in this report any change in the registrants
internal control over financial reporting that occurred during the
registrants most recent fiscal quarter that has materially affected, or
is reasonably likely to materially affect, the registrants internal
control over financial reporting; and |
5. |
I have disclosed, based on my most recent evaluation of
internal control over financial reporting, to the registrant s auditors
and the audit committee of the registrants board of
directors: |
|
(a) |
all significant deficiencies and material weaknesses in
the design or operation of internal controls over financial reporting
which are reasonably likely to adversely affect the registrants ability
to record, process, summarize and report financial information;
and |
|
|
|
|
(b) |
any fraud, whether or not material, that involves
management or other employees who have a significant role in the
registrants internal controls over financial
reporting. |
Dated: December 15, 2015
/s/ James Briscoe |
James Briscoe, Chairman, |
Chief Executive Officer, Chief Financial Officer, and
Director |
(Principal Executive Officer, Principal Financial Officer
and Principal Accounting Officer) |
Exhibit 32.1
CERTIFICATION PURSUANT TO
SECTION 906 OF THE
SARBANES-OXLEY ACT OF 2002
The undersigned, James Briscoe, hereby certifies, pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002, that:
(1) |
the quarterly report on Form 10-Q of Liberty Star Uranium
& Metals Corp. for the period ended October 31, 2015 (the Report
) fully complies with the requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and |
|
|
(2) |
the information contained in the Report fairly presents,
in all material respects, the financial condition and results of
operations of Liberty Star Uranium & Metals
Corp. |
Dated: December 15, 2015
/s/ James Briscoe |
James Briscoe, Chairman, |
Chief Executive Officer, Chief Financial Officer, and
Director |
(Principal Executive Officer, Principal Financial Officer
and Principal Accounting Officer) |
v3.3.1.900
X |
- DefinitionIf the value is true, then the document is an amendment to previously-filed/accepted document.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEnd date of current fiscal year in the format --MM-DD.
+ References
+ Details
Name: |
dei_CurrentFiscalYearEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gMonthDayItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThis is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.
+ References
+ Details
Name: |
dei_DocumentFiscalPeriodFocus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fiscalPeriodItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThis is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
+ Details
Name: |
dei_DocumentFiscalYearFocus |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gYearItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation 12B -Number 240 -Section 12b -Subsection 1
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
+ Details
Name: |
dei_EntityCommonStockSharesOutstanding |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionIndicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
+ Details
Name: |
dei_EntityCurrentReportingStatus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
+ Details
Name: |
dei_EntityFilerCategory |
Namespace Prefix: |
dei_ |
Data Type: |
dei:filerCategoryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation 12B -Number 240 -Section 12b -Subsection 1
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
+ References
+ Details
Name: |
dei_EntityVoluntaryFilers |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.
+ References
+ Details
Name: |
dei_EntityWellKnownSeasonedIssuer |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
|
Oct. 31, 2015 |
Jan. 31, 2015 |
Current: |
|
|
Cash and cash equivalents |
$ 4,377
|
$ 53,517
|
Advances |
1,152
|
1,052
|
Prepaid expenses |
76,216
|
88,288
|
Total current assets |
81,745
|
142,857
|
Property and equipment, net |
17,629
|
32,338
|
Total assets |
99,374
|
175,195
|
Current: |
|
|
Current portion of long-term debt |
2,153
|
6,149
|
Convertible promissory note, net of debt discount of $22,492 and $41,928 |
33,008
|
516,018
|
Accounts payable and accrued liabilities |
337,787
|
250,932
|
Accrued wages to related parties |
473,992
|
404,992
|
Derivative liability |
78,277
|
216,705
|
Total current liabilities |
925,217
|
1,394,796
|
Long-term: |
|
|
Long-term debt, net of current portion |
0
|
561
|
Long-term convertible note payable |
79,376
|
106,697
|
Total long-term liabilities |
79,376
|
107,258
|
Total liabilities |
1,004,593
|
1,502,054
|
Stockholders' deficit |
|
|
Common stock - $.00001 par value; 6,250,000,000 and 1,250,000,000 shares authorized; 1,498,470,660 and 920,001,430 shares issued and outstanding |
14,985
|
9,200
|
Stock subscription receivable |
(55,673)
|
(55,673)
|
Additional paid-in capital |
51,431,764
|
49,798,278
|
Accumulated deficit |
(52,296,295)
|
(51,078,664)
|
Total stockholders' deficit |
(905,219)
|
(1,326,859)
|
Total liabilities and shareholders' deficit |
$ 99,374
|
$ 175,195
|
X |
- DefinitionSum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionExcess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.30(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 31 -Article 5
+ Details
Name: |
us-gaap_AdditionalPaidInCapital |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.18) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 12 -Article 7
+ Details
Name: |
us-gaap_Assets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.9) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6801-107765
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765
+ Details
Name: |
us-gaap_AssetsCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_AssetsCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3044-108585
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAggregate 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.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5
+ Details
Name: |
us-gaap_CommonStockValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionCarrying amount of long-term convertible debt as of the balance sheet date, net of the amount due in the next twelve months or greater than the normal operating cycle, if longer. The debt is convertible into another form of financial instrument, typically the entity's common stock.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_ConvertibleDebtNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionCarrying value as of the balance sheet date of the portion of long-term debt due within one year or the operating cycle if longer identified as Convertible Notes Payable. Convertible Notes Payable is a written promise to pay a note which can be exchanged for a specified amount of another, related security, at the option of the issuer and the holder.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_ConvertibleNotesPayableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionCarrying value of amounts transferred to third parties for security purposes that are expected to be returned or applied towards payment within one year or during the operating cycle, if shorter.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_DepositsAssetsCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionFair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Current Liabilities -URI http://asc.fasb.org/extlink&oid=6509677
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41228-113958
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41271-113958
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13495-108611
+ Details
Name: |
us-gaap_DerivativeLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19-26) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_Liabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.32) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 25 -Article 7
+ Details
Name: |
us-gaap_LiabilitiesAndStockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionTotal obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.21) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_LiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LiabilitiesCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of obligation due after one year or beyond the normal operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22-26) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22, 23, 24, 25, 26, 27 -Article 5
+ Details
Name: |
us-gaap_LiabilitiesNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LiabilitiesNoncurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of long-term debt, after unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_LongTermDebtCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionCarrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_LongTermDebtNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe carrying amount of other receivables, net, due within one year of the balance sheet date (or one operating cycle, if longer) from third parties or arising from transactions not separately disclosed.
+ References
+ Details
Name: |
us-gaap_OtherReceivablesNetCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6787-107765
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 340 -SubTopic 10 -Section 05 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=51662447&loc=d3e5879-108316
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Current Assets -URI http://asc.fasb.org/extlink&oid=6509628
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765
+ Details
Name: |
us-gaap_PrepaidExpenseCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph a -Article 5
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 8 -Article 7
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe cumulative amount of the reporting entity's undistributed earnings or deficit.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.31(a)(3)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3
+ Details
Name: |
us-gaap_RetainedEarningsAccumulatedDeficit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionTotal of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E
+ Details
Name: |
us-gaap_StockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_StockholdersEquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
|
Oct. 31, 2015 |
Jan. 31, 2015 |
Debt Instrument, Unamortized Discount |
$ 22,492
|
$ 41,928
|
Common Stock, Par Value Per Share |
$ 0.00001
|
$ 0.00001
|
Common Stock, Shares Authorized |
6,250,000,000
|
1,250,000,000
|
Common Stock, Shares, Issued |
1,498,470,660
|
920,001,430
|
Common Stock, Shares, Outstanding |
1,498,470,660
|
920,001,430
|
X |
- DefinitionFace amount or stated value per share of common stock.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5
+ Details
Name: |
us-gaap_CommonStockParOrStatedValuePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5
+ Details
Name: |
us-gaap_CommonStockSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionTotal number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5
+ Details
Name: |
us-gaap_CommonStockSharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5
+ Details
Name: |
us-gaap_CommonStockSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400
+ Details
Name: |
us-gaap_DebtInstrumentUnamortizedDiscount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
|
3 Months Ended |
9 Months Ended |
Oct. 31, 2015 |
Oct. 31, 2014 |
Oct. 31, 2015 |
Oct. 31, 2014 |
Revenues |
$ 0
|
$ 0
|
$ 0
|
$ 0
|
Expenses: |
|
|
|
|
Geological and geophysical costs |
44,377
|
57,951
|
80,006
|
152,577
|
Salaries and benefits |
101,215
|
74,480
|
247,242
|
216,697
|
Public relations |
29,076
|
74,684
|
36,913
|
130,287
|
Depreciation |
6,416
|
6,489
|
19,012
|
20,978
|
Legal |
23,525
|
6,218
|
70,026
|
55,155
|
Professional services |
27,104
|
18,498
|
57,798
|
74,143
|
General and administrative |
48,274
|
62,809
|
139,079
|
173,921
|
Travel |
3,735
|
2,842
|
7,284
|
20,039
|
Net operating expenses |
283,722
|
303,971
|
657,360
|
843,797
|
Loss from operations |
(283,722)
|
(303,971)
|
(657,360)
|
(843,797)
|
Other income (expense): |
|
|
|
|
Interest income |
0
|
2
|
1
|
5
|
Interest expense |
(110,888)
|
(144,622)
|
(703,346)
|
(559,312)
|
Gain (loss) on settlement of debt |
0
|
0
|
72,308
|
5,322,943
|
Gain (loss) on change in fair value of derivative liability |
(13,233)
|
133,774
|
70,766
|
396,686
|
Total other income (expense) |
(124,121)
|
(10,846)
|
(560,271)
|
5,160,322
|
Net income (loss) |
$ (407,843)
|
$ (314,817)
|
$ (1,217,631)
|
$ 4,316,525
|
Basic net income (loss) per share of common stock |
$ 0.00
|
$ 0.00
|
$ 0.00
|
$ 0.00
|
Diluted net income (loss) per share of common stock |
$ 0.00
|
$ 0.00
|
$ 0.00
|
$ 0.00
|
Basic weighted average number of shares of common stock outstanding |
1,382,733,547
|
901,574,375
|
1,166,824,752
|
876,232,276
|
Diluted weighted average number of shares of common stock outstanding |
1,382,733,547
|
901,574,375
|
1,166,824,752
|
964,678,354
|
X |
- DefinitionThe amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_Depreciation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in the fair value of derivatives recognized in the income statement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a),(c),(d),(e) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959
+ Details
Name: |
us-gaap_DerivativeGainLossOnDerivativeNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.19) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.23) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 18 -Article 7
Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 20 -Article 5
Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 21 -Article 9
+ Details
Name: |
us-gaap_EarningsPerShareBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 18 -Article 7
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 20 -Article 5
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 21 -Article 9
+ Details
Name: |
us-gaap_EarningsPerShareDiluted |
Namespace Prefix: |
us-gaap_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionExploration expenses (including prospecting) related to the mining industry would be included in operating expenses. Exploration costs include costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of mineral reserves.
+ References
+ Details
Name: |
us-gaap_ExplorationExpenseMining |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionDifference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=49170532&loc=d3e12317-112629
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=49170532&loc=d3e12355-112629
+ Details
Name: |
us-gaap_GainsLossesOnExtinguishmentOfDebt |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.4) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_GeneralAndAdministrativeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of the cost of borrowed funds accounted for as interest expense.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882
+ Details
Name: |
us-gaap_InterestExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(b)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_InvestmentIncomeInterest |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_LegalFees |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe total expense recognized in the period for promotion, public relations, and brand or product advertising.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.4) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_MarketingAndAdvertisingExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=51831255
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.19) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.18) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.22) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831270
Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5
Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_NonoperatingIncomeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NonoperatingIncomeExpenseAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionGenerally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
+ References
+ Details
Name: |
us-gaap_OperatingExpenses |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OperatingExpensesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe net result for the period of deducting operating expenses from operating revenues.
+ References
+ Details
Name: |
us-gaap_OperatingIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionA fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07.2(a),(b),(c),(d)) -URI http://asc.fasb.org/extlink&oid=6488393&loc=d3e606610-122999
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 225 -Section 45 -Paragraph 3 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=6488370&loc=d3e13550-115849
+ Details
Name: |
us-gaap_ProfessionalFees |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_Revenues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionExpenditures for salaries other than officers. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. For commercial and industrial companies, excludes any direct and overhead labor that is included in cost of goods sold.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.4) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_SalariesAndWages |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionExpenses incurred for travel and entertainment during the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.4) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_TravelAndEntertainmentExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1505-109256
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details
Name: |
us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1448-109256
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Weighted-Average Number of Common Shares Outstanding -URI http://asc.fasb.org/extlink&oid=6528421
+ Details
Name: |
us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
|
9 Months Ended |
Oct. 31, 2015 |
Oct. 31, 2014 |
Cash flows from operating activities: |
|
|
Net income (loss) |
$ (1,217,631)
|
$ 4,316,525
|
Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
Depreciation |
19,012
|
20,978
|
Amortization of deferred financing charges |
0
|
34,247
|
Amortization of debt discount |
668,835
|
342,885
|
(Gain) loss on settlement of debt |
(72,308)
|
(5,322,943)
|
(Gain) loss on change in fair value of warrant liability |
(70,766)
|
(396,686)
|
Share based compensation |
37,491
|
8,424
|
Common shares issued for third party services |
10,320
|
71,500
|
Warrants issued for third party services |
0
|
6,440
|
Changes in assets and liabilities: |
|
|
Prepaid expenses |
12,072
|
(74,005)
|
Other current assets |
(100)
|
0
|
Accounts payable and accrued expenses |
86,855
|
3,355
|
Accrued wages related parties |
69,000
|
48,000
|
Accrued interest |
32,691
|
171,415
|
Cash flows used in operating activities: |
(424,529)
|
(769,865)
|
Cash flows from investing activities: |
|
|
Purchase of equipment |
(4,303)
|
(9,870)
|
Net cash used in investing activities |
(4,303)
|
(9,870)
|
Cash flows from financing activities: |
|
|
Payments on long-term debt |
(4,434)
|
(4,146)
|
Principal activity on convertible promissory notes |
200,000
|
400,000
|
Proceeds from the issuance of common stock, net of expenses |
184,126
|
474,250
|
Net cash provided by financing activities |
379,692
|
870,104
|
Increase (decrease) in cash and cash equivalents |
(49,140)
|
90,369
|
Cash and cash equivalents, beginning of period |
53,517
|
55,089
|
Cash and cash equivalents, end of period |
4,377
|
145,458
|
Supplemental disclosure of cash flow information: |
|
|
Income tax paid |
0
|
0
|
Interest paid |
7,169
|
7,970
|
Supplemental disclosure of non-cash items: |
|
|
Stock subscription receivable |
0
|
55,673
|
Resolutions of derivative liabilities due to debt conversions |
750,615
|
169,474
|
Warrants reclassed to derivative liabilities |
0
|
520,552
|
Debt discounts due to derivative liabilities |
497,031
|
325,030
|
Derivative liability for newly granted warrants |
49,553
|
6,440
|
Common stock issued for conversion of debt and interest |
778,459
|
279,720
|
Original issue discount |
$ 16,000
|
$ 23,750
|
X |
- DefinitionCommon shares issued for third party services
+ References
+ Details
Name: |
lbsr_CommonSharesIssuedForThirdPartyServices |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionDebt discounts due to derivative liabilities
+ References
+ Details
Name: |
lbsr_DebtDiscountsDueToDerivativeLiabilities |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionDerivative liability for newly granted warrants
+ References
+ Details
Name: |
lbsr_DerivativeLiabilityForNewlyGrantedWarrants |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_OriginalIssueDiscounts |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionResolutions of derivative liabilities due to debt conversions
+ References
+ Details
Name: |
lbsr_ResolutionsOfDerivativeLiabilitiesDueToDebtConversions |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionWarrants reclassed to derivative liabilities
+ References
+ Details
Name: |
lbsr_WarrantsReclassedToDerivativeLiabilities |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
+ Details
Name: |
us-gaap_AmortizationOfDebtDiscountPremium |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 8 -Article 9
+ Details
Name: |
us-gaap_AmortizationOfFinancingCosts |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3044-108585
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3521-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 230 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49171198&loc=d3e33268-110906
+ Details
Name: |
us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe value of the financial instrument(s) that the original debt is being converted into in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586
+ Details
Name: |
us-gaap_DebtConversionConvertedInstrumentAmount1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_Depreciation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in the fair value of derivatives recognized in the income statement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a),(c),(d),(e) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959
+ Details
Name: |
us-gaap_DerivativeGainLossOnDerivativeNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of expense (income) related to adjustment to fair value of warrant liability.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section 25 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6939902&loc=d3e20148-110875
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_FairValueAdjustmentOfWarrants |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionDifference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=49170532&loc=d3e12317-112629
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=49170532&loc=d3e12355-112629
+ Details
Name: |
us-gaap_GainsLossesOnExtinguishmentOfDebt |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the period in accrued salaries.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_IncreaseDecreaseInAccruedSalaries |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_IncreaseDecreaseInInterestPayableNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IncreaseDecreaseInOperatingCapitalAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in other current operating assets not separately disclosed in the statement of cash flows.
+ References
+ Details
Name: |
us-gaap_IncreaseDecreaseInOtherCurrentAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in other amounts due to the reporting entity, which are not otherwise defined in the taxonomy.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_IncreaseDecreaseInOtherReceivables |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_IncreaseDecreaseInPrepaidExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of cash paid for interest during the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4297-108586
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3536-108585
+ Details
Name: |
us-gaap_InterestPaid |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3521-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3574-108585
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInFinancingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3521-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3574-108585
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInInvestingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3521-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3536-108585
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=51831255
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.19) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.18) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.22) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831270
Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5
Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OtherNoncashInvestingAndFinancingItemsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow for acquisition of machinery and equipment.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3213-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Investing Activities -URI http://asc.fasb.org/extlink&oid=6516133
+ Details
Name: |
us-gaap_PaymentsToAcquireMachineryAndEquipment |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3255-108585
+ Details
Name: |
us-gaap_ProceedsFromConvertibleDebt |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cash inflow from the additional capital contribution to the entity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3255-108585
+ Details
Name: |
us-gaap_ProceedsFromIssuanceOfCommonStock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3291-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228
+ Details
Name: |
us-gaap_RepaymentsOfLongTermDebt |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585
+ Details
Name: |
us-gaap_ShareBasedCompensation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.3.1.900
Interim financial statement disclosure
|
9 Months Ended |
Oct. 31, 2015 |
Interim financial statement disclosure [Text Block] |
NOTE 1 – Interim financial statement disclosure
The condensed consolidated financial statements included herein have been prepared by Liberty Star Uranium & Metals Corp. without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”) and should be read in conjunction with our annual report on Form 10-K for the year ended January 31, 2015 as filed with the SEC under the Securities and Exchange Act of 1934 (the “Exchange Act”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted, as permitted by the SEC, although we believe the disclosures which are made are adequate to make the information presented not misleading. The condensed consolidated financial statements reflect, in the opinion of management, all normal recurring adjustments necessary to present fairly our financial position at October 31, 2015 and the results of our operations and cash flows for the periods presented.
Interim results are subject to significant seasonal variations and the results of operations for the three and nine months ended October 31, 2015 are not necessarily indicative of the results to be expected for the full year.
Certain amounts in the prior-year financial statements have been reclassified for comparative purposes to conform with the presentation in the current-year financial statements
|
X |
- DefinitionThe entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=35735333&loc=d3e288-107754
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51655414&loc=d3e18780-107790
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=18733093&loc=d3e5614-111684
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755
+ Details
Name: |
us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Going concern
|
9 Months Ended |
Oct. 31, 2015 |
Going concern [Text Block] |
NOTE 2– Going concern
The Company has incurred losses from operations, and requires additional funds for further exploratory activity and to maintain its claims prior to attaining a revenue generating status. There are no assurances that a commercially viable mineral deposit exists on any of our properties. In addition, the Company may not find sufficient ore reserves to be commercially mined. As such, there is substantial doubt about the Company’s ability to continue as a going concern.
Management is working to secure additional funds through the exercise of stock warrants already outstanding, equity financings, debt financings or joint venture agreements. The condensed consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties.
|
X |
- DefinitionThe entire disclosure when substantial doubt is raised about the ability to continue as a going concern. Includes, but is not limited to, principal conditions or events that raised substantial doubt about the ability to continue as a going concern, management's evaluation of the significance of those conditions or events in relation to the ability to meet its obligations, and management's plans that alleviated or are intended to mitigate the conditions or events that raise substantial doubt about the ability to continue as a going concern.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 40 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51888302&loc=SL51888449-203568
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 40 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51888302&loc=SL51888443-203568
+ Details
Name: |
us-gaap_SubstantialDoubtAboutGoingConcernTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Summary of Significant Accounting Policies
|
9 Months Ended |
Oct. 31, 2015 |
Summary of Significant Accounting Policies [Text Block] |
NOTE 3 – Summary of Significant Accounting Policies
Fair
Value
ASC 820 Fair Value Measurements and Disclosures (“ASC 820”), defines fair value, establishes a framework for measuring fair value and enhances disclosures about fair value measurements. It defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:
Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable. Valuations may be obtained from, or corroborated by, third-party pricing services.
Level 3: Unobservable inputs to measure fair value of assets and liabilities for which there is little, if any market activity at the measurement date, using reasonable inputs and assumptions based upon the best information at the time, to the extent that inputs are available without undue cost and effort.
As of October 31, 2015 the significant inputs to the Company’s derivative liability calculation were Level 3 inputs.
The following schedule summarizes the valuation of financial instruments at fair value in the balance sheets as of October 31, 2015 and January 31, 2015:
|
|
|
|
|
Fair value measurements at reporting date using: |
|
|
|
|
|
|
Quoted prices |
|
|
|
|
|
|
|
|
|
|
|
|
in |
|
|
|
|
|
Significant |
|
|
|
|
|
|
active markets |
|
|
Significant |
|
|
|
|
|
|
|
|
|
for |
|
|
other |
|
|
unobservable |
|
|
|
|
|
|
identical |
|
|
observable |
|
|
|
|
|
|
|
|
|
liabilities |
|
|
inputs |
|
|
inputs |
|
Description |
|
Fair Value |
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant and convertible note derivative liability at October 31, 2015 |
$ |
78,277
|
|
|
-
|
|
|
-
|
|
$ |
78,277
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant and convertible note derivative liability at January 31, 2015 |
$ |
216,705
|
|
|
-
|
|
|
-
|
|
$ |
216,705
|
|
Our financial instruments consist of cash and cash equivalents, accounts payable, accrued liabilities, convertible notes payable, notes payable, and warrant liability. It is management’s opinion that we are not exposed to significant interest, currency or credit risks arising from these financial instruments. With the exception of the warrant liability, the fair value of these financial instruments approximates their carrying values based on their short maturities or for long-term debt based on borrowing rates currently available to us for loans with similar terms and maturities. Gains and losses recognized on changes in estimated fair value of the derivative liability are reported in other income (expense) as gain (loss) on change in fair value.
|
X |
- DefinitionThe entire disclosure for all significant accounting policies of the reporting entity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=51655414&loc=d3e18861-107790
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51655414&loc=d3e18780-107790
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51655414&loc=d3e18726-107790
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=51655414&loc=d3e18743-107790
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=51655414&loc=d3e18854-107790
+ Details
Name: |
us-gaap_SignificantAccountingPoliciesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Related party transactions
|
9 Months Ended |
Oct. 31, 2015 |
Related party transactions [Text Block] |
NOTE 4 – Related party transactions
We entered into the following transactions with related parties during the nine months ended October 31, 2015:
We rented an office from Jim Briscoe, our Chairman of the Board, CEO and CFO, on a month-to-month basis for $522
per month. The total rent payments were $4,698
for the nine months ended October 31, 2015. No amount was due as of October 31, 2015.
At October 31, 2015 we had a balance of accrued unpaid wages of $458,367
to Jim Briscoe, our Chairman of the Board, CEO, CFO and President. Additionally, we had a balance of accrued unpaid wages of $15,625
to a former President.
During the three months ended October 31, 2015, we recognized $29,067
of compensation expense related to the five year extension of
77,500,000
options to directors of the Company, extending the expiration date from August 2015 to August 2020, at their original exercise price of $0.038.
|
X |
- DefinitionThe entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph b -Article 3A
+ Details
Name: |
us-gaap_RelatedPartyTransactionsDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Warrants
|
9 Months Ended |
Oct. 31, 2015 |
Warrants [Text Block] |
NOTE 5 – Warrants
As of October 31, 2015, there were
104,435,056
whole share purchase warrants outstanding and exercisable. The warrants have a weighted average remaining life of
1.85
years and a weighted average exercise price of $0.009
per whole warrant for one common share. The warrants had an aggregate intrinsic value of $0
as of October 31, 2015.
Warrants issued in private placements outstanding at October 31, 2015 is as follows:
|
|
Number of |
|
|
|
|
|
|
whole share |
|
|
Weighted |
|
|
|
purchase |
|
|
average exercise |
|
|
|
warrants |
|
|
price per share |
|
Outstanding, January 31, 2015 |
|
59,566,708
|
|
$ |
0.024
|
|
Issued |
|
62,093,885
|
|
|
0.003
|
|
Expired |
|
(17,225,537
|
) |
|
0.041
|
|
Exercised |
|
-
|
|
|
-
|
|
Outstanding, October 31, 2015 |
|
104,435,056
|
|
$ |
0.009
|
|
|
|
|
|
|
|
|
Exercisable, October 31, 2015 |
|
104,435,056
|
|
$ |
0.009
|
|
During the nine months ended October 31, 2015, the Company issued
5,882,352
warrants to an investor at an exercise price of $0.0048
with a three year term. The warrants were issued with common stock (one warrant for each common share purchased) and there is no additional accounting for these investor warrants.
During the nine months ended October 31, 2015, the Company issued
33,613,445
warrants to an investor at an exercise price of $0.0025
with a three year term. The warrants were issued with common stock (two warrants for each common share purchased) and there is no additional accounting for these investor warrants.
During the nine months ended October 31, 2015, the Company issued
1,846,154
warrants to an investor at an exercise price of $0.0023
with a three year term. The warrants were issued with common stock (one warrant for each common share purchased) and there is no additional accounting for these investor warrants.
During the nine months ended October 31, 2015, the Company issued
2,822,912
warrants to an investor, the Company’s CEO, at an exercise price of $0.0021
with a three year term. The warrants were issued with common stock (one warrant for each common share purchased) and there is no additional accounting for these investor warrants.
During the nine months ended October 31, 2015, the Company issued
16,077,170
warrants to an investor at an exercise price of $0.0022
with a three year term. The warrants were issued with common stock (one warrant for each common share purchased) and there is no additional accounting for these investor warrants.
During the nine months ended October 31, 2015, the Company issued
1,851,852
warrants to an investor at an exercise price of $0.0023
with a three year term. The warrants were issued with common stock (one warrant for each common share purchased) and there is no additional accounting for these investor warrants.
|
v3.3.1.900
Derivative Liabilities
|
9 Months Ended |
Oct. 31, 2015 |
Derivative Liabilities [Text Block] |
NOTE 6 – Derivative Liabilities
The embedded conversion feature in the convertible debt instruments that the Company issued beginning in August 2013 (See Note 7), and became convertible beginning in February 2014, qualified it as a derivative instrument since the number of shares issuable under the note is indeterminate based on guidance in FASB ASC 815, Derivatives and Hedging. This convertible note tainted all other equity linked instruments including outstanding warrants and fixed rate convertible debt on the date that the instrument became convertible.
The valuation of the derivative liability of the warrants was determined through the use of a Monte Carlo options model that values the liability of the warrants based on a risk-neutral valuation where the price of the option is its discounted expected value. The technique applied generates a large number of possible (but random) price paths for the underlying common stock via simulation, and then calculates the associated exercise value (i.e. “payoff”) of the option for each path. These payoffs are then averaged and discounted to a current valuation date resulting in the fair value of the option.
The valuation of the derivative liability attached to the convertible debt was arrived at through the use of a Monte Carlo model that values the derivative liability within the notes. The technique applied generates a large number of possible (but random) price paths for the underlying (or underlyings) via simulation, and then calculates the associated payment value (cash, stock, or warrants) of the derivative features. The price of the underlying common stock is modeled such that it follows a geometric Brownian motion with constant drift, and elastic volatility (increasing as stock price decreases). The stock price is determined by a random sampling from a normal distribution. Since the underlying random process is the same, for enough price paths, the value of the derivative is derived from path dependent scenarios and outcomes. The features in the notes that were analyzed and incorporated into the model included the conversion features with the reset provisions, the call/redemption/prepayment options, and the default provisions. Based on these features, there are six primary events that can occur; payments are made in cash; payments are made with stock; the note holder converts upon receiving a redemption notice; the note holder converts the note; the issuer redeems the note; or the Company defaults on the note. The model simulates the underlying economic factors that influenced which of these events would occur, when they were likely to occur, and the specific terms that would be in effect at the time (i.e. stock price, conversion price, etc.). Probabilities were assigned to each variable such as redemption likelihood, default likelihood, and timing and pricing of reset events over the remaining term of the notes based on management projections. This led to a cash flow simulation over the life of the note. A discounted cash flow for each simulation was completed, and it was compared to the discounted cash flow of the note without the embedded features, thus determining a value for the derivative liability.
Key inputs and assumptions used to value the convertible notes and warrants upon issuance or tainting and also as of October 31, 2015:
|
• |
The stock projections are based on the historical volatilities for each date. These ranged in the
131.9
-
146.9% range. The stock price projection was modeled such that it follows a geometric Brownian motion with constant drift and a constant volatility, starting with the market stock price at each valuation date;
|
|
• |
An event of default would not occur during the remaining term of the note;
|
|
• |
Conversion of the notes to stock would be completed monthly after any holding period and would be limited based on:
5% of the last
6
months average trading volume and the ownership limit identified in the contract assuming the underlying number of common shares increases at
1% per month. The effective discount was determined based on the historical trading history of the Company based on the specific pricing mechanism in each note;
|
|
• |
The Company would not have funds available to redeem the notes during the remaining term of the convertible notes;
|
|
• |
Discount rates were based on risk free rates in effect based on the remaining term and date of each valuation and instrument.
|
|
• |
The holder would exercise the warrant at maturity if the stock price was above the exercise price;
|
|
• |
The Holder would exercise the warrant after any holding period prior to maturity at target prices starting at 2 times the exercise price for the Warrants or higher subject to monthly limits of:
5% of the last
6
months average trading volume increasing by
1% per month and the ownership limit identified in the contract assuming the underlying number of common shares increases at
1% per month.
|
|
• |
For the warrants with reset features, the Company assumed it would issue equity linked instruments in the quarters ended 10/31/15 through 4/30/16 at
70% of market.
|
Using the results from the model, the Company recorded a derivative liability of $49,553
for newly granted warrants and a derivative liability of $633,399
for the fair value of the convertible feature included in the Company’s convertible debt instruments for the nine months ended October 31, 2015. The derivative liability recorded for the convertible feature created a debt discount of $497,031
which is being amortized over the remaining term of the note using the effective interest rate method and is classified as convertible debt on the balance sheet. Interest expense related to the amortization of this debt discount for the nine months ended October 31, 2015, was $21,906. Additionally, $487,369
of debt discount was charged to interest expense as a result of the conversion of a portion of the underlying debt instrument. The remaining unamortized debt discount related to the derivative liability was $14,595
as of October 31, 2015. The Company recorded the change in the fair value of the derivative liability as a gain of $70,766
to reflect the value of the derivative liability for warrants and convertible notes as $78,277
as of October 31, 2015. The Company also recorded a reclassification from derivative liability to equity of $750,615
for the conversions of a portion of the Company’s convertible notes.
The following table sets forth a reconciliation of changes in the fair value of the Company’s derivative liability:
|
|
Nine months ended October 31, |
|
|
|
2015 |
|
|
2014 |
|
Beginning balance |
$ |
216,705
|
|
$ |
46,985
|
|
Total (gains) losses |
|
(70,766
|
) |
|
(396,686
|
) |
Settlements |
|
(750,615
|
) |
|
(169,474
|
) |
Additions |
|
682,953
|
|
|
852,022
|
|
Ending balance |
$ |
78,277
|
|
$ |
332,847
|
|
|
|
|
|
|
|
|
Change in unrealized gains (losses) included in earnings relating to derivatives still held as of October 31, 2015 and 2014 |
$ |
(70,766
|
) |
$ |
(396,686
|
) |
|
X |
- DefinitionThe entire disclosure for derivatives and fair value of assets and liabilities.
+ References
+ Details
Name: |
us-gaap_DerivativesAndFairValueTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Convertible promissory notes
|
9 Months Ended |
Oct. 31, 2015 |
Convertible promissory notes [Text Block] |
NOTE 7 – Convertible promissory notes
Following is a summary of convertible promissory notes:
|
|
October 31, |
|
|
January 31, |
|
|
|
2015 |
|
|
2015 |
|
|
|
|
|
|
|
|
12% convertible note payable issued August 2013, $55,500
due August 2016
|
$ |
55,500
|
|
$ |
144,519
|
|
|
|
|
|
|
|
|
Convertible note payable issued November 2013, due November 2015 |
|
-
|
|
|
147,500
|
|
|
|
|
|
|
|
|
12% convertible note payable issued August 2014, due August 2015
|
|
-
|
|
|
157,792
|
|
|
|
|
|
|
|
|
10% convertible note payable issued October 2014, due October 2015
|
|
-
|
|
|
108,136
|
|
|
|
|
|
|
|
|
10% convertible note payable issued December 2014, due December 2016
|
|
79,376
|
|
|
106,697
|
|
|
|
|
|
|
|
|
|
|
134,876
|
|
|
664,644
|
|
|
|
|
|
|
|
|
Less debt discount |
|
(22,492
|
) |
|
(41,928
|
) |
|
|
|
|
|
|
|
Less current portion of convertible notes |
|
(33,008
|
) |
|
(516,019
|
) |
|
|
|
|
|
|
|
Long-term convertible notes payable |
$ |
79,376
|
|
$ |
106,697
|
|
We issued convertible promissory notes in private placements of our securities to institutional investors pursuant to exemptions from registration set out in Rule 506 of Regulation D under the Securities Act of 1933.
In August 2013, we entered into a promissory note (the “August 2013 Note”) for a principal sum of $555,000
plus accrued and unpaid interest and any other fees. The consideration is up to $500,000, which would produce an original issue discount of $55,000
if all the consideration is received. The lender paid $150,000
upon closing pursuant to the terms of the August 2013 Note. The August 2013 Note has a maturity of one year from the delivery of each payment. The August 2013 Note may be convertible into shares of common stock of our company at any time from
180
days after the date of each payment of consideration, at a conversion price which is
70% of the average of the three lowest closing prices in the
20
trading days previous to the conversion. We may repay the August 2013 Note at any time on or before
90
days from the effective date of the August 2013 Note with an interest rate of
0%, after which we may not make any further payments on the August 2013 Note prior to the maturity date without written approval from the lender. If we elect not to repay the August 2013 Note on or before
90
days from the effective date of the August 2013 Note, a one-time interest charge of
12% will be applied to the principal sum. We elected not to pay the $150,000
portion of the August 2013 Note within
90
days from the effective date. After the $150,000
portion of the August 2013 Note became convertible, the note holder elected to convert the principal and interest totaling $186,480
into
17,937,915
shares of the company’s common stock during the months of February through May of 2014. On December 9, 2013, we received additional consideration of $75,000
pursuant to the terms of the August 2013 Note. We elected not to pay the $75,000
portion of the August 2013 Note within
90
days from the effective date. In June, July and August 2014, the note holder converted principal and interest totaling $93,240
into
9,983,507
shares of the Company’s common stock. On June 24, 2014 and September 3, 2014, we received additional consideration of $75,000
and $75,000, respectively, pursuant to the terms of the August 2013 Note. In December 2014 and January 2015, the note holder converted principal and interest totaling $41,961
into
5,900,000
shares of the Company’s common stock. On February 25, 2015, we received additional consideration of $50,000
with $5,500
of original issue discount pursuant to the terms of the August 2013 Note. During the three months ended April 30, 2015, the note holder converted principal and interest totaling $105,733
into
30,800,000
shares of the Company’s common stock. During the three months ended July 31, 2015, the note holder converted principal and interest totaling $38,784
into
31,715,187
shares of the Company’s common stock. On August 28, 2015, we received additional consideration of $50,000
with $5,500
of original issue discount pursuant to the terms of the August 2013 Note. During the three months ended October 31, 2015, the note holder converted principal and interest totaling $62,160
into
60,642,857
shares of the Company’s common stock. As of October 31, 2015, we had $55,500
of principal and interest outstanding for the August 2013 Note.
On November 18, 2013, we entered into a securities purchase agreement (the “November 2013 Note”), whereby we agreed to issue a convertible note to one lender in the principal amount of $250,000. The proceeds from the note were $225,000, which created an original issue discount of $25,000. The note was payable in full on November 18, 2014 and bears no interest except in an event of default. The lender may, at its option, after the 183rd day (after May 20, 2014) following the closing date, convert the principal amount or any portion of such principal amount of the note into shares of common stock of our company at the price equal to the lesser of (a)
100% of the volume weighted average price (VWAP), as reported on the closing date (November 18, 2013), and (b)
70% of the average of the
5
day VWAP immediately prior to the day of conversion. On November 13, 2014, we entered into an Assignment of Promissory Note & Acknowledgment, whereby we consented to an assignment of the note to another lender, pursuant to which $250,000
remains owing by the Company. The maturity date of the November 2013 Note was extended to November 18, 2015. From November 2014 through January 2015, the new noteholder converted principal of $102,500
into
11,792,944
shares of the Company’s common stock. During the three months ended April 30, 2015, the new noteholder converted principal of $125,001
into
29,248,823
shares of the Company’s common stock. During the three months ended July 31, 2015, the new noteholder converted principal and interest of $28,046
into
18,995,113
shares of the Company’s common stock. As of October 31, 2015, we had $0
of principal and interest outstanding for the November 2013 Note.
In August 2014, we received $150,000
pursuant to the terms of a convertible promissory note (the “August 2014 Note”) dated August 26, 2014. The Note bears interest at
12%, is due on August 26, 2015, and is convertible after
180
days at a
45% discount to the average of the daily VWAP prices for the previous
10
trading days before the date of conversion During the three months ended April 30, 2015, the new noteholder converted principal of $160,834
into
56,676,739
shares of the Company’s common stock. As of October 31, 2015, we had $0
of principal and interest outstanding for this Note.
On October 14, 2014, we entered into a securities purchase agreement, whereby we agreed to issue a convertible note (the “October 2014 Note”) to one lender in the principal amount of $105,000. The Note is payable in full on October 14, 2015, bears interest at the rate of
10% per annum, and includes a $5,000
original issuance discount. The Note may be convertible into shares of common stock of our company at any time from
180
days after the execution date of the Note at a price per share of
40% discount to the average of the daily VWAP for the previous five trading days before the date of conversion. During the three months ended April 30, 2015, the note holder converted principal and interest totaling $57,000
into
26,000,000
shares of the Company’s common stock. During the three months ended July 31, 2015, the note holder converted principal and interest totaling $53,901
into
48,878,264
shares of the Company’s common stock. As of October 31, 2015, we had $0
of principal and interest outstanding for this Note.
On December 3, 2014, we entered into a note purchase agreement, whereby we agreed to issue a convertible note (the “December 2014 Note”) to lender in the principal amount of $210,000, with a $10,000
original issuance discount. The initial purchase price was $105,000
of consideration of which $100,000
was received our company and $5,000
was retained through the original issue discount. An additional $50,000
was received on February 27, 2015 with a $2,500
original issue discount. An additional $30,000
was received on June 11, 2015 with a $1,500
original issue discount. An additional $20,000
was received on July 9, 2015 with a $1,000
original issue discount. The Note bears interest at
10%, is due on December 3, 2016, and is convertible after six months of advance of funds at a
37.5% discount to the average of the daily VWAP prices for the previous
5
trading days before the date of conversion. During the three months ended July 31, 2015, the note holder converted principal and interest totaling $69,357
into
61,028,598
shares of the Company’s common stock. During the three months ended October 31, 2015, the note holder converted principal and interest totaling $77,643
into
77,194,959
shares of the Company’s common stock. As of October 31, 2015, we had of $79,376
of principal and interest outstanding for this Note.
During the nine months ended October 31, 2015 and 2014, the Company recorded debt discounts of $497,031
and $325,030, respectively, due to the derivative liabilities, and original issue debt discounts of $16,000
and $23,750, respectively, due to the convertible notes. The Company recorded amortization of these discounts of $668,835
and $342,885
for the nine months ended October 31, 2015 and 2014, respectively.
In November of 2013, the Company recorded $45,663
of deferred financing costs, of which $15,500
was paid in cash and $30,163
paid with common stock, related to the November 18, 2013 convertible note. The Company recorded amortization of these deferred financing costs of $0
and $34,247
for the nine months ended October 31, 2015 and 2014, respectively.
The Company recognized a gain on settlement of debt of $72,308
during the nine months ended October 31, 2015 as a result of convertible note conversions during the nine months ended October 31, 2015.
|
X |
- DefinitionThe entire disclosure for long-term debt.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details
Name: |
us-gaap_LongTermDebtTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Stockholders deficit
|
9 Months Ended |
Oct. 31, 2015 |
Stockholders deficit [Text Block] |
NOTE 8 – Stockholders’ deficit
Our common shares are all of the same class, are voting and entitle stockholders to receive dividends as defined. Upon liquidation or wind-up, stockholders are entitled to participate equally with respect to any distribution of net assets or any dividends that may be declared.
On July 15, 2015 the Company’s shareholders approved an amendment to the Company’s articles of incorporation to increase the number of authorized common shares from
1,250,000,000
to
6,250,000,000.
Between February 2014 and July 2014, pursuant to the investment agreement with KVM, KVM purchased
34,214,226
shares for $456,923, of which $55,673
is still owed to the Company and is reflected as a stock subscription receivable as of October 31, 2015.
During the three months ending April 30, 2015, $105,733
of the August 2013 Note were converted into
30,800,000
shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.00194
to $0.00574.
During the three months ending April 30, 2015, $125,001
of the November 2013 Note were converted into
29,248,823
shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from
0.00274
to $0.00609
During the three months ending April 30, 2015, $160,834
of the August 2014 Note were converted into
56,676,739
shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.00193
to $0.00416.
During the three months ending April 30, 2015, $57,000
of the October 2014 Note were converted into
26,000,000
shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.00192
to $0.00216.
During the three months ended April 30, 2015, the Company issued
2,941,176
units to an investor for total proceeds of $10,000. Each unit consists of one share of the Company’s common stock and two warrants to purchase one share each of the Company’s common stock. The warrants have an exercise price of $0.0048
and have a three year term (see note 5).
During the three months ending July 31, 2015, $38,784
of the August 2013 Note were converted into
31,715,187
shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.00112
to $0.00135.
During the three months ending July 31, 2015, $28,046
of the November 2013 Note were converted into
18,995,113
shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from
0.00147
to $0.00148
During the three months ending July 31, 2015, $53,901
of the October 2014 Note were converted into
48,878,264
shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.00101
to $0.00127.
During the three months ending July 31, 2015, $69,357
of the December 2014 Note were converted into
61,028,598
shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.00104
to $0.00121.
During the three months ended July 31, 2015, the Company issued
1,846,154
units to an investor for proceeds of $3,000. Each unit consists of one share of the Company’s common stock and one warrant to purchase one share each of the Company’s common stock. The warrants have an exercise price of $0.002275
and have a three year term (see note 5).
During the three months ended July 31, 2015, the Company issued
16,806,723
units to an investor for proceeds of $30,000. Each unit consists of one share of the Company’s common stock and two warrants to purchase one share each of the Company’s common stock. The warrants have an exercise price of $0.002499
and have a three year term (see note 5).
During the three months ended July 31, 2015, the Company issued
2,822,912
units to an investor, the Company’s CEO, for proceeds of $4,300. Each unit consists of one share of the Company’s common stock and one warrant to purchase one share each of the Company’s common stock. The warrants have an exercise price of $0.002130
and have a three year term (see note 5).
During the three months ended October 31, 2015, $77,643
of the December 2014 Note were converted into
77,194,959
shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.00090
to $0.00115.
During the three months ended October 31, 2015, $62,160
of the August 2013 Note were converted into
60,642,857
shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.00098
to $0.00105.
During the three months ended October 31, 2015, the Company issued
16,077,170
units to an investor for total proceeds of $25,000. Each unit consists of one share of the Company’s common stock and one warrant to purchase one share of the Company’s common stock. The warrants have an exercise price of $0.00218
and have a three year term (see note 5).
During the three months ended October 31, 2015, the Company issued
1,851,852
units to an investor for total proceeds of $3,000. Each unit consists of one share of the Company’s common stock and one warrant to purchase one share of the Company’s common stock. The warrants have an exercise price of $0.00227
and have a three year term (see note 5).
During the three months ended October 31, 2015, the Company issued
5,733,000
shares to a former service provider for services totaling $10,320.
On June 20, 2015, we entered into an investment agreement (the “Investment Agreement”) with Tangiers Investment Group, LLC (the “Investor”), whereby the Investor has agreed to invest up to $8,000,000
to purchase shares of our common stock. Subject to the terms and conditions of the Investment Agreement and a registration rights agreement, we may, in our sole discretion, deliver a notice to the Investor which states the dollar amount which we intend to sell to the Investor on a certain date. The amount that we shall be entitled to sell to Investor shall be equal to one hundred and fifty percent (
150%) of the average daily volume (U.S. market only) of the common stock for the ten (10) trading days prior to the applicable notice date so long as such amount does not exceed an accumulative amount per month of $100,000. The minimum amount shall be equal to $5,000. In connection with the Investment Agreement, we also entered into a registration rights agreement dated June 20, 2015, whereby we agreed to file a Registration Statement on Form S-1 with the Securities and Exchange Commission within thirty (30) days of the date of the registration rights agreement and to have the Registration Statement declared effective by the Securities and Exchange Commission within ninety (90) days after we have filed the Registration Statement. We filed Form S-1 on July 2, 2015 and Form S-1 Amendment No. 1 on July 29, 2015, for registration of
100,000,000
shares of the Company’s common stock under the Investment Agreement, which was declared effective by the Securities and Exchange Commission on August 5, 2015.
During the three months ended October 31, 2015, the Company issued an aggregate of
89,209,703
shares of common stock for total proceeds of $108,826
to Tangiers Investment Group, LLC under the Investment Agreement.
At October 31, 2015 there were
363,500
non-qualified stock options outstanding with a weighted average exercise price of $0.697
per option; of those options
363,500
are exercisable. At October 31, 2015 there were
85,421,374
incentive stock options outstanding with a weighted average exercise price of $0.042
per option; of those options,
84,951,211
are exercisable with a weighted average exercise price of $0.042.
During the Nine Months Ended October 31, 2015 we recognized $8,424
of compensation expense related to incentive and non-qualified stock options previously granted to officers, employees and consultants. Additionally, we recognized $29,067
of compensation expense related to the five year extension of
77,500,000
options to directors of the Company, extending the expiration date from August 2015 to August 2020, at their original exercise price of $0.038.
|
X |
- DefinitionThe entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770
Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644
Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656
Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644
Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494
Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644
Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644
Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E
Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C
+ Details
Name: |
us-gaap_StockholdersEquityNoteDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Subsequent events
|
9 Months Ended |
Oct. 31, 2015 |
Subsequent events [Text Block] |
NOTE 9 – Subsequent events
In November 2015, $60,900
of the December 2014 Note was converted into
44,126,582
shares of the Company’s common stock.
In November 2015, the Company issued
10,790,297
shares of common stock for proceeds of $20,925
to Tangiers Investment Group, LLC under the Investment Agreement.
On November 2, 2015, we entered into a promissory note (the “November 2015 Note”) for a principal sum of up to $500,000. The consideration is up to $450,000, which would produce an original issue discount of $50,000
if all the consideration is received. The lender paid $50,000
upon closing pursuant to the terms of the November 2015 Note. The maturity date is two years from the effective date of each payment, as well as any unpaid interest and other fees. The November 2015 Note may be convertible into shares of common stock of our company at any time at a conversion price of
70% of the average of the three lowest closing prices in the
20
trading days previous to the conversion. We may repay the November 2015 Note at any time on or before
90
days from the effective date of the November 2015 with an interest rate of
0%, after which we may not make any further payments on the November 2015 Note prior to the maturity date without written approval from the lender. If we elect not to repay the November 2015 Note on or before
90
days from the effective date of the November 2015, a one-time interest charge of
12% will be applied to the principal sum.
The Company filed a Form S-1 on November 4, 2015, and a Form S-1, Amendment No. 1 on November 25, 2015, to register an additional
350,000,000
shares under the Investment Agreement, and is subject to approval by the Securities and Exchange Commission.
On December 4, 2015, the Company issued
1,655,629
units to an investor for proceeds of $5,000. Each unit consists of one share of the Company’s common stock and one warrant to purchase one share each of the Company’s common stock. The warrants have an exercise price of $0.00423
and have a three year term (see note 5).
|
X |
- DefinitionThe entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
+ References
+ Details
Name: |
us-gaap_SubsequentEventsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Summary of Significant Accounting Policies (Policies)
|
9 Months Ended |
Oct. 31, 2015 |
Fair Value [Policy Text Block] |
Fair
Value
ASC 820 Fair Value Measurements and Disclosures (“ASC 820”), defines fair value, establishes a framework for measuring fair value and enhances disclosures about fair value measurements. It defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:
Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable. Valuations may be obtained from, or corroborated by, third-party pricing services.
Level 3: Unobservable inputs to measure fair value of assets and liabilities for which there is little, if any market activity at the measurement date, using reasonable inputs and assumptions based upon the best information at the time, to the extent that inputs are available without undue cost and effort.
As of October 31, 2015 the significant inputs to the Company’s derivative liability calculation were Level 3 inputs.
The following schedule summarizes the valuation of financial instruments at fair value in the balance sheets as of October 31, 2015 and January 31, 2015:
|
|
|
|
|
Fair value measurements at reporting date using: |
|
|
|
|
|
|
Quoted prices |
|
|
|
|
|
|
|
|
|
|
|
|
in |
|
|
|
|
|
Significant |
|
|
|
|
|
|
active markets |
|
|
Significant |
|
|
|
|
|
|
|
|
|
for |
|
|
other |
|
|
unobservable |
|
|
|
|
|
|
identical |
|
|
observable |
|
|
|
|
|
|
|
|
|
liabilities |
|
|
inputs |
|
|
inputs |
|
Description |
|
Fair Value |
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant and convertible note derivative liability at October 31, 2015 |
$ |
78,277
|
|
|
-
|
|
|
-
|
|
$ |
78,277
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant and convertible note derivative liability at January 31, 2015 |
$ |
216,705
|
|
|
-
|
|
|
-
|
|
$ |
216,705
|
|
Our financial instruments consist of cash and cash equivalents, accounts payable, accrued liabilities, convertible notes payable, notes payable, and warrant liability. It is management’s opinion that we are not exposed to significant interest, currency or credit risks arising from these financial instruments. With the exception of the warrant liability, the fair value of these financial instruments approximates their carrying values based on their short maturities or for long-term debt based on borrowing rates currently available to us for loans with similar terms and maturities. Gains and losses recognized on changes in estimated fair value of the derivative liability are reported in other income (expense) as gain (loss) on change in fair value.
|
X |
- DefinitionDisclosure of accounting policy for fair value measurements of financial and non-financial assets, liabilities and instruments classified in shareholders' equity. Disclosures include, but are not limited to, how an entity that manages a group of financial assets and liabilities on the basis of its net exposure measures the fair value of those assets and liabilities.
+ References
+ Details
Name: |
us-gaap_FairValueMeasurementPolicyPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Summary of Significant Accounting Policies (Tables)
|
9 Months Ended |
Oct. 31, 2015 |
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] |
|
|
|
|
|
Fair value measurements at reporting date using: |
|
|
|
|
|
|
Quoted prices |
|
|
|
|
|
|
|
|
|
|
|
|
in |
|
|
|
|
|
Significant |
|
|
|
|
|
|
active markets |
|
|
Significant |
|
|
|
|
|
|
|
|
|
for |
|
|
other |
|
|
unobservable |
|
|
|
|
|
|
identical |
|
|
observable |
|
|
|
|
|
|
|
|
|
liabilities |
|
|
inputs |
|
|
inputs |
|
Description |
|
Fair Value |
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant and convertible note derivative liability at October 31, 2015 |
$ |
78,277
|
|
|
-
|
|
|
-
|
|
$ |
78,277
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant and convertible note derivative liability at January 31, 2015 |
$ |
216,705
|
|
|
-
|
|
|
-
|
|
$ |
216,705
|
|
|
X |
- DefinitionTabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258
+ Details
Name: |
us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Warrants (Tables)
|
9 Months Ended |
Oct. 31, 2015 |
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block] |
|
|
Number of |
|
|
|
|
|
|
whole share |
|
|
Weighted |
|
|
|
purchase |
|
|
average exercise |
|
|
|
warrants |
|
|
price per share |
|
Outstanding, January 31, 2015 |
|
59,566,708
|
|
$ |
0.024
|
|
Issued |
|
62,093,885
|
|
|
0.003
|
|
Expired |
|
(17,225,537
|
) |
|
0.041
|
|
Exercised |
|
-
|
|
|
-
|
|
Outstanding, October 31, 2015 |
|
104,435,056
|
|
$ |
0.009
|
|
|
|
|
|
|
|
|
Exercisable, October 31, 2015 |
|
104,435,056
|
|
$ |
0.009
|
|
|
X |
- DefinitionSchedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block]
+ References
+ Details
Name: |
lbsr_ScheduleOfStockholdersEquityNoteWarrantsOrRightsActivityTextBlock |
Namespace Prefix: |
lbsr_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Derivative Liabilities (Tables)
|
9 Months Ended |
Oct. 31, 2015 |
Derivative Instruments, Gain (Loss) [Table Text Block] |
|
|
Nine months ended October 31, |
|
|
|
2015 |
|
|
2014 |
|
Beginning balance |
$ |
216,705
|
|
$ |
46,985
|
|
Total (gains) losses |
|
(70,766
|
) |
|
(396,686
|
) |
Settlements |
|
(750,615
|
) |
|
(169,474
|
) |
Additions |
|
682,953
|
|
|
852,022
|
|
Ending balance |
$ |
78,277
|
|
$ |
332,847
|
|
|
|
|
|
|
|
|
Change in unrealized gains (losses) included in earnings relating to derivatives still held as of October 31, 2015 and 2014 |
$ |
(70,766
|
) |
$ |
(396,686
|
) |
|
X |
- DefinitionTabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959
+ Details
Name: |
us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Convertible promissory notes (Tables)
|
9 Months Ended |
Oct. 31, 2015 |
Schedule of Convertible Debt [Table Text Block] |
|
|
October 31, |
|
|
January 31, |
|
|
|
2015 |
|
|
2015 |
|
|
|
|
|
|
|
|
12% convertible note payable issued August 2013, $55,500
due August 2016
|
$ |
55,500
|
|
$ |
144,519
|
|
|
|
|
|
|
|
|
Convertible note payable issued November 2013, due November 2015 |
|
-
|
|
|
147,500
|
|
|
|
|
|
|
|
|
12% convertible note payable issued August 2014, due August 2015
|
|
-
|
|
|
157,792
|
|
|
|
|
|
|
|
|
10% convertible note payable issued October 2014, due October 2015
|
|
-
|
|
|
108,136
|
|
|
|
|
|
|
|
|
10% convertible note payable issued December 2014, due December 2016
|
|
79,376
|
|
|
106,697
|
|
|
|
|
|
|
|
|
|
|
134,876
|
|
|
664,644
|
|
|
|
|
|
|
|
|
Less debt discount |
|
(22,492
|
) |
|
(41,928
|
) |
|
|
|
|
|
|
|
Less current portion of convertible notes |
|
(33,008
|
) |
|
(516,019
|
) |
|
|
|
|
|
|
|
Long-term convertible notes payable |
$ |
79,376
|
|
$ |
106,697
|
|
|
X |
- DefinitionTabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components.
+ References
+ Details
Name: |
us-gaap_ConvertibleDebtTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
v3.3.1.900
Warrants (Narrative) (Details)
|
9 Months Ended |
Oct. 31, 2015
USD ($)
yr
shares
|
Warrants 1 |
104,435,056
|
Warrants 2 | yr |
1.85
|
Warrants 3 |
$ 0.009
|
Warrants 4 |
$ 0
|
Warrants 5 | shares |
5,882,352
|
Warrants 6 |
$ 0.0048
|
Warrants 7 | shares |
33,613,445
|
Warrants 8 |
$ 0.0025
|
Warrants 9 | shares |
1,846,154
|
Warrants 10 |
$ 0.0023
|
Warrants 11 | shares |
2,822,912
|
Warrants 12 |
$ 0.0021
|
Warrants 13 | shares |
16,077,170
|
Warrants 14 |
$ 0.0022
|
Warrants 15 | shares |
1,851,852
|
Warrants 16 |
$ 0.0023
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_WarrantsZeroThreeZeroSevenOneZeroCRXQkEightFZerodJzH |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_WarrantsZeroThreeZeroSevenOneZeroKtEightZThreelhmFourzzk |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_WarrantsZeroThreeZeroSevenOneZeroLSSixDmqvRMrxv |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_WarrantsZeroThreeZeroSevenOneZeroNineyFivegKCBqZeromtOne |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_WarrantsZeroThreeZeroSevenOneZeroOnefWvOnefgmdPZq |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_WarrantsZeroThreeZeroSevenOneZeroPgSixSixfDZbbSevenyr |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_WarrantsZeroThreeZeroSevenOneZeroSixFiveqqSevenEightHFournhpv |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_WarrantsZeroThreeZeroSevenOneZeroZerosMdOneTdWKEightRT |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_WarrantsZeroThreeZeroSevenOneZerogwThreeJSSixGlJVzV |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_WarrantsZeroThreeZeroSevenOneZerogxltnJSixPkWrSix |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_WarrantsZeroThreeZeroSevenOneZerokxsWpgHqfzFr |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_WarrantsZeroThreeZeroSevenOneZeromSevenSixwkxWHCSixVc |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_WarrantsZeroThreeZeroSevenOneZeroxEightkEightOneyVPQyqP |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_WarrantsZeroThreeZeroSevenOneZeroxNkXnNfSEightJCZ |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_WarrantsZeroThreeZeroSevenOneZerozHrtXOneFivemxxZT |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_WarrantsZeroThreeZeroSevenOneZerozsNVNJThreelBnMG |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Derivative Liabilities (Narrative) (Details)
|
9 Months Ended |
Oct. 31, 2015
USD ($)
mo
|
Derivative Liabilities 1 |
131.9
|
Derivative Liabilities 2 |
146.90%
|
Derivative Liabilities 3 |
5.00%
|
Derivative Liabilities 4 | mo |
6
|
Derivative Liabilities 5 |
1.00%
|
Derivative Liabilities 6 |
5.00%
|
Derivative Liabilities 7 | mo |
6
|
Derivative Liabilities 8 |
1.00%
|
Derivative Liabilities 9 |
1.00%
|
Derivative Liabilities 10 |
70.00%
|
Derivative Liabilities 11 |
$ 49,553
|
Derivative Liabilities 12 |
633,399
|
Derivative Liabilities 13 |
497,031
|
Derivative Liabilities 14 |
21,906
|
Derivative Liabilities 15 |
487,369
|
Derivative Liabilities 16 |
14,595
|
Derivative Liabilities 17 |
70,766
|
Derivative Liabilities 18 |
78,277
|
Derivative Liabilities 19 |
$ 750,615
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZeroDVhpdSixfTKSevenSixt |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities 17
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZeroDgDVFournXyrEightdx |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities 12
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZeroFTQMJTpQVCTThree |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZeroFourcSZGRJLZeroDwn |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZeroJtRJTwoZOneTPdEightk |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities 16
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZeroLSixqFourhbzgSlcSix |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities 15
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZeroLxRnVyQFiveGnZP |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities 10
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZeroTPhTbEightwGqlFourX |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities 13
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZeroThreeWTWZerortLpNVR |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZeroVQtEightGSevenZeroKEightHfFour |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities 18
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZeroXwFoursLJchWhsn |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities 11
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZeroZerorTPnybDSixCyr |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities 14
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZerobvDDSixPZWFourNHOne |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZerofFourcLXThreeVxfvTT |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities 19
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZerogEightsZeronDcTwozqKN |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZerohPPTTwosTwonQJTf |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZerokZerorMWSixhFourgfDq |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZeromrcZDsvMKrbG |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_DerivativeLiabilitiesZeroThreeZeroSevenOneZeronNineSevenNHbwdHtQM |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Convertible promissory notes (Narrative) (Details)
|
9 Months Ended |
Oct. 31, 2015
USD ($)
d
shares
|
Convertible Promissory Notes 1 |
$ 555,000
|
Convertible Promissory Notes 2 |
500,000
|
Convertible Promissory Notes 3 |
55,000
|
Convertible Promissory Notes 4 |
$ 150,000
|
Convertible Promissory Notes 5 | d |
180
|
Convertible Promissory Notes 6 |
70.00%
|
Convertible Promissory Notes 7 | d |
20
|
Convertible Promissory Notes 8 | d |
90
|
Convertible Promissory Notes 9 |
0.00%
|
Convertible Promissory Notes 10 | d |
90
|
Convertible Promissory Notes 11 |
12.00%
|
Convertible Promissory Notes 12 |
$ 150,000
|
Convertible Promissory Notes 13 | d |
90
|
Convertible Promissory Notes 14 |
$ 150,000
|
Convertible Promissory Notes 15 |
$ 186,480
|
Convertible Promissory Notes 16 | shares |
17,937,915
|
Convertible Promissory Notes 17 |
$ 75,000
|
Convertible Promissory Notes 18 |
$ 75,000
|
Convertible Promissory Notes 19 | d |
90
|
Convertible Promissory Notes 20 |
$ 93,240
|
Convertible Promissory Notes 21 | shares |
9,983,507
|
Convertible Promissory Notes 22 |
$ 75,000
|
Convertible Promissory Notes 23 |
75,000
|
Convertible Promissory Notes 24 |
$ 41,961
|
Convertible Promissory Notes 25 | shares |
5,900,000
|
Convertible Promissory Notes 26 |
$ 50,000
|
Convertible Promissory Notes 27 |
5,500
|
Convertible Promissory Notes 28 |
$ 105,733
|
Convertible Promissory Notes 29 | shares |
30,800,000
|
Convertible Promissory Notes 30 |
$ 38,784
|
Convertible Promissory Notes 31 | shares |
31,715,187
|
Convertible Promissory Notes 32 |
$ 50,000
|
Convertible Promissory Notes 33 |
5,500
|
Convertible Promissory Notes 34 |
$ 62,160
|
Convertible Promissory Notes 35 | shares |
60,642,857
|
Convertible Promissory Notes 36 |
$ 55,500
|
Convertible Promissory Notes 37 |
250,000
|
Convertible Promissory Notes 38 |
225,000
|
Convertible Promissory Notes 39 |
$ 25,000
|
Convertible Promissory Notes 40 |
100.00%
|
Convertible Promissory Notes 41 |
70.00%
|
Convertible Promissory Notes 42 | d |
5
|
Convertible Promissory Notes 43 |
$ 250,000
|
Convertible Promissory Notes 44 |
$ 102,500
|
Convertible Promissory Notes 45 | shares |
11,792,944
|
Convertible Promissory Notes 46 |
$ 125,001
|
Convertible Promissory Notes 47 | shares |
29,248,823
|
Convertible Promissory Notes 48 |
$ 28,046
|
Convertible Promissory Notes 49 | shares |
18,995,113
|
Convertible Promissory Notes 50 |
$ 0
|
Convertible Promissory Notes 51 |
$ 150,000
|
Convertible Promissory Notes 52 |
12.00%
|
Convertible Promissory Notes 53 | d |
180
|
Convertible Promissory Notes 54 |
45.00%
|
Convertible Promissory Notes 55 | d |
10
|
Convertible Promissory Notes 56 |
$ 160,834
|
Convertible Promissory Notes 57 | shares |
56,676,739
|
Convertible Promissory Notes 58 |
$ 0
|
Convertible Promissory Notes 59 |
$ 105,000
|
Convertible Promissory Notes 60 |
10.00%
|
Convertible Promissory Notes 61 |
$ 5,000
|
Convertible Promissory Notes 62 | d |
180
|
Convertible Promissory Notes 63 |
40.00%
|
Convertible Promissory Notes 64 |
$ 57,000
|
Convertible Promissory Notes 65 | shares |
26,000,000
|
Convertible Promissory Notes 66 |
$ 53,901
|
Convertible Promissory Notes 67 | shares |
48,878,264
|
Convertible Promissory Notes 68 |
$ 0
|
Convertible Promissory Notes 69 |
210,000
|
Convertible Promissory Notes 70 |
10,000
|
Convertible Promissory Notes 71 |
105,000
|
Convertible Promissory Notes 72 |
100,000
|
Convertible Promissory Notes 73 |
5,000
|
Convertible Promissory Notes 74 |
50,000
|
Convertible Promissory Notes 75 |
2,500
|
Convertible Promissory Notes 76 |
30,000
|
Convertible Promissory Notes 77 |
1,500
|
Convertible Promissory Notes 78 |
20,000
|
Convertible Promissory Notes 79 |
$ 1,000
|
Convertible Promissory Notes 80 |
10.00%
|
Convertible Promissory Notes 81 |
37.50%
|
Convertible Promissory Notes 82 | d |
5
|
Convertible Promissory Notes 83 |
$ 69,357
|
Convertible Promissory Notes 84 | shares |
61,028,598
|
Convertible Promissory Notes 85 |
$ 77,643
|
Convertible Promissory Notes 86 | shares |
77,194,959
|
Convertible Promissory Notes 87 |
$ 79,376
|
Convertible Promissory Notes 88 |
497,031
|
Convertible Promissory Notes 89 |
325,030
|
Convertible Promissory Notes 90 |
16,000
|
Convertible Promissory Notes 91 |
23,750
|
Convertible Promissory Notes 92 |
668,835
|
Convertible Promissory Notes 93 |
342,885
|
Convertible Promissory Notes 94 |
45,663
|
Convertible Promissory Notes 95 |
15,500
|
Convertible Promissory Notes 96 |
30,163
|
Convertible Promissory Notes 97 |
0
|
Convertible Promissory Notes 98 |
34,247
|
Convertible Promissory Notes 99 |
$ 72,308
|
X |
- DefinitionConvertible Promissory Notes 61
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoBTwoBvVThreeqwThJx |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 73
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoBTwoTSvqNZeroVFivelW |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 31
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoCFourFourhttpKtQwM |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 23
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoCSixvbEightdwThreeOneFry |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 97
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoCpMDmvTwoFiveZeroTpn |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 71
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoCycHHZerohGThreeSnThree |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 12
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoDJKScTwoQtCSixbn |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 22
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoDSixqSevenGQEightxrQBk |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 57
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoDTwokgvLGLGWmZ |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 54
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoFFourcCZyWPtBht |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 67
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoFRFivemmzTllnWP |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 24
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoGJThreeZeroDhWrzlBW |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 60
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoGThreeXTdynJKzDNine |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 74
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoGpPTPknnkBLTwo |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 66
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoHPRmQnGcwCpp |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 90
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoHTLvFourZerorCLxFOne |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 95
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoJThreefPFivemTbxwsh |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 8
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoJTwoVVVvMzJXLQ |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 47
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoJmVQvVsNineFrFJ |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 99
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoJtSKDtvThreehPlC |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 21
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoJvFPpbNinesxSixdw |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 26
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoKDTbcDTHCnSevenx |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 87
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoLThreeQHzyrTKVxFive |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 51
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoMZPFourLRQSixKtsEight |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 89
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoNEightEightnmLKVSevenSevenxz |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 63
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoNLKMDdQJwCML |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 84
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoOneTwoQJVltkfFourvg |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 68
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoOnesZerovSSevenOneQvdFourN |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 75
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoPCxyPtEightqhvVc |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 52
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoRQFourZfGmCvmTn |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 41
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoRyTVhLzGBCFQ |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 96
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoSMDvtPztLrLn |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 11
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoSevenBWSevenThreeBlqEightKnV |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 94
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoSevenGZeroGqWDTwotTwoTs |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 88
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoSevenHDFZeroFLVSevenZeromc |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 49
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoSevenlxSixJhFourwBrKR |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 55
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoSixPgvzgTJvmTwos |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 19
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoTCThreepZeroEightEightSxJEightD |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 20
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoTSFDJLbCThreeXKEight |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 93
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoTZFwtFourREightnXRN |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 16
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoThreeRnOneWvqyOnepss |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 76
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoThreeSOneGkTNbSevenwCm |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 82
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoThreeZeroRTwoMhlZeroNinekvF |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 70
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoThreemfmZerosgDSevenzwQ |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 79
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoThreetTBzfbThreeZeroOnekx |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 43
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoTqpTwoMyOneNinecMFivey |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 56
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoTwoTVLQlvkNineTwoNX |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 98
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoTypFourqCsVFourThreeNinem |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 53
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoVCSevenqFourzbZerozNineEightZero |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 86
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoWKkGRTwoyGkCTS |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 48
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoWQqThreegXlmLEighthT |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 77
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoWSevenbqHNineMfPnlThree |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 69
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoWbtlSRFourJtwGN |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 33
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoWpnFourvkkkcEightdr |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 38
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoWrDtNwdTTxpX |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 17
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoWtFivePBBSixRMThreeZeroQ |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 58
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoXFivesyFivetNSevenEighttHc |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 40
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoXKThreePkNineCtJczL |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 18
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoZGdkxFiveztptFt |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 83
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoZTwodThreeZeromzwxMThreew |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 29
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoZZZFourqWZerowGNinecD |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 5
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoZeroPXNgzMTKkyG |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 30
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoZeroZerovzDdNOnevSevenFh |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 72
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwobvbMMpPMGTNw |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 46
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwocEightHRmFstFourVZerop |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 10
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoctnNineSevenRMHwOneThreeSeven |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 81
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwodBHOneThreexgcFourDFSix |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 34
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwodDFouryySixNineVkNinedc |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 42
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwodpdcZeropNinetxHmTwo |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 13
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwogHNinexDTfThreeEightZeroRx |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 78
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwogNgQTwoxlKXLxS |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 92
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwogktkZQsgTyVTwo |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 25
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwokBJTNineCgCZpFourl |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 36
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwokSevennmDZccSPfl |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 65
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwokWVSixXpcSixLJhs |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 64
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwolnxZqXPgFourxTwos |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 1
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwomfGZbwKzqFourBk |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 6
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwomlTwoKlgmdWFWSix |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 15
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwonKNDOneRfFivewFourQOne |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 37
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwonMNEightFivevSDGVnG |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 28
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwonNinecxRSFtKTGNine |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 44
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwonTrcVnZeroBThreekSixN |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 39
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwonZkSixrBdnJdPk |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 80
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwopBJZTZerotXNyDFive |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 14
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwopEightxLRJynZerorBc |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 91
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwopglRxMSevenZTvfM |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 7
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoqGvdXRbcSixxEightg |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 45
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoqOneXNFqFqNineZVF |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 59
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoqOnebCSwvqXdWs |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 2
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTworXZGVdQEightTTPq |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 3
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTworvGhWTCbqFDp |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 35
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwotJHZerokHRnSevenGhs |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 85
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwovFourkdSevenOnevJZerocsk |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 32
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwovTROneKQcxSLSevenQ |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 9
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwovZeroPKThreehHCVFourHT |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 62
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwowhqZerocsFxCMThreeH |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 27
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwoyTzZTwosZeroOnemMns |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 50
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwozDwqpcTwoCKgOneT |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes 4
+ References
+ Details
Name: |
lbsr_ConvertiblePromissoryNotesZeroThreeZeroSevenOneThreeFiveSevenTwozMNineySevenSevendRfTlp |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Stockholders deficit (Narrative) (Details)
|
9 Months Ended |
Oct. 31, 2015
USD ($)
$ / shares
shares
|
Stockholders Deficit 1 |
1,250,000,000
|
Stockholders Deficit 2 |
6,250,000,000
|
Stockholders Deficit 3 | shares |
34,214,226
|
Stockholders Deficit 4 |
$ 456,923
|
Stockholders Deficit 5 |
55,673
|
Stockholders Deficit 6 |
$ 105,733
|
Stockholders Deficit 7 | shares |
30,800,000
|
Stockholders Deficit 8 |
$ 0.00194
|
Stockholders Deficit 9 |
0.00574
|
Stockholders Deficit 10 |
$ 125,001
|
Stockholders Deficit 11 | shares |
29,248,823
|
Stockholders Deficit 12 |
0.00274
|
Stockholders Deficit 13 |
$ 0.00609
|
Stockholders Deficit 14 |
$ 160,834
|
Stockholders Deficit 15 | shares |
56,676,739
|
Stockholders Deficit 16 |
$ 0.00193
|
Stockholders Deficit 17 |
0.00416
|
Stockholders Deficit 18 |
$ 57,000
|
Stockholders Deficit 19 | shares |
26,000,000
|
Stockholders Deficit 20 |
$ 0.00192
|
Stockholders Deficit 21 |
$ 0.00216
|
Stockholders Deficit 22 | shares |
2,941,176
|
Stockholders Deficit 23 |
$ 10,000
|
Stockholders Deficit 24 |
0.0048
|
Stockholders Deficit 25 |
$ 38,784
|
Stockholders Deficit 26 | shares |
31,715,187
|
Stockholders Deficit 27 |
$ 0.00112
|
Stockholders Deficit 28 |
0.00135
|
Stockholders Deficit 29 |
$ 28,046
|
Stockholders Deficit 30 | shares |
18,995,113
|
Stockholders Deficit 31 |
0.00147
|
Stockholders Deficit 32 |
$ 0.00148
|
Stockholders Deficit 33 |
$ 53,901
|
Stockholders Deficit 34 | shares |
48,878,264
|
Stockholders Deficit 35 |
$ 0.00101
|
Stockholders Deficit 36 |
0.00127
|
Stockholders Deficit 37 |
$ 69,357
|
Stockholders Deficit 38 | shares |
61,028,598
|
Stockholders Deficit 39 |
$ 0.00104
|
Stockholders Deficit 40 |
$ 0.00121
|
Stockholders Deficit 41 | shares |
1,846,154
|
Stockholders Deficit 42 |
$ 3,000
|
Stockholders Deficit 43 |
$ 0.002275
|
Stockholders Deficit 44 | shares |
16,806,723
|
Stockholders Deficit 45 |
$ 30,000
|
Stockholders Deficit 46 |
$ 0.002499
|
Stockholders Deficit 47 | shares |
2,822,912
|
Stockholders Deficit 48 |
$ 4,300
|
Stockholders Deficit 49 |
0.002130
|
Stockholders Deficit 50 |
$ 77,643
|
Stockholders Deficit 51 | shares |
77,194,959
|
Stockholders Deficit 52 |
$ 0.00090
|
Stockholders Deficit 53 |
0.00115
|
Stockholders Deficit 54 |
$ 62,160
|
Stockholders Deficit 55 | shares |
60,642,857
|
Stockholders Deficit 56 |
$ 0.00098
|
Stockholders Deficit 57 |
$ 0.00105
|
Stockholders Deficit 58 | shares |
16,077,170
|
Stockholders Deficit 59 |
$ 25,000
|
Stockholders Deficit 60 |
$ 0.00218
|
Stockholders Deficit 61 | shares |
1,851,852
|
Stockholders Deficit 62 |
$ 3,000
|
Stockholders Deficit 63 |
$ 0.00227
|
Stockholders Deficit 64 | shares |
5,733,000
|
Stockholders Deficit 65 |
$ 10,320
|
Stockholders Deficit 66 |
$ 8,000,000
|
Stockholders Deficit 67 |
150.00%
|
Stockholders Deficit 68 |
$ 100,000
|
Stockholders Deficit 69 |
$ 5,000
|
Stockholders Deficit 70 | shares |
100,000,000
|
Stockholders Deficit 71 | shares |
89,209,703
|
Stockholders Deficit 72 |
$ 108,826
|
Stockholders Deficit 73 |
363,500
|
Stockholders Deficit 74 | $ / shares |
$ 0.697
|
Stockholders Deficit 75 |
363,500
|
Stockholders Deficit 76 |
85,421,374
|
Stockholders Deficit 77 | $ / shares |
$ 0.042
|
Stockholders Deficit 78 |
84,951,211
|
Stockholders Deficit 79 |
$ 0.042
|
Stockholders Deficit 80 |
8,424
|
Stockholders Deficit 81 |
$ 29,067
|
Stockholders Deficit 82 | shares |
77,500,000
|
Stockholders Deficit 83 |
$ 0.038
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroBWsRxTwoOneLQzTT |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroCJFoursFivedTwodFourPrz |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroChgZeroNineTFivelfdNineX |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroCrmkRNSixkWcXt |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroDOneWLwSevenTLTwosmZero |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroEightSVHfHrLtDRFour |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroEightlnTEightThreeVnRJgh |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroFourHgFourTwosSevenpJPPg |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroFourvGshFiveWTEightfym |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroHQlZeroztclhTCr |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroHThgOneqMHXSixSh |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroJOneCFgrmFourEightZeroQk |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroJznXzgWBOneLTW |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroLQdVrKvpvZerokQ |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroMNineNgSTwoFlsLZl |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroNFourKQwDVHGwNineR |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroNKFourQyFCfKgFiven |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroNMSixgxbmyTwyq |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroNNineFiveDDnzFXThreery |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroNineDgKFiveRTpvzLEight |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroNineEightzrdBbWyPThreeN |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroNineFTqTbLFourwpSixk |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroNineQxTJrkFivekGQC |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroNkxcTEightHFourSevenQLFour |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroNsgTSevenNWSevenZeroQtTwo |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroQFourSixBlSDqTVSevenc |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroQmCLTwoHTQEightnwx |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroREightvVEightVMVTqML |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroRGTwoZRCxSevennznn |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroSFivewdgZeroNinegNhzS |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroSLDFourNZHFgMbz |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroSixXKTwoHBFdfhST |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroSixsQZeroSCfrNcSixm |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroTHdWmZeroNineTpFRx |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroTSPqbCREightdZlf |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroThreeEightFourDNwWxSHgm |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroThreeNineWOneOneFiveFourOnekFivelSeven |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroThreeTwogQNEightqGTmThreeR |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroTmlTwomhZfhNineTwoT |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroTwoMFourSixThreevOneRRdBThree |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroVJRzpxfcqFourhP |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroVThreeWGzJZxRDLZero |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroVhJHFmGFTlVTwo |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroWCWhQHmFoursBzT |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroWOneGPQPwSnmZh |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroWTxTwoHRqKTwoOneVZero |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroWdxNSevenFiveHSpdZp |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroXVZThreeKxThreeWJZeroPT |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroXkZeroFivebRqdbrcJ |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroZXThreegVKTsRTwobZero |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroZeroHCKHGcSlFiveJOne |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroZeroTwoZbSixLnnThreeMBW |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroZeroTwqpxVThreegfCV |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroZglTwfSXDZeroTwoN |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroZmBNinenFtTFourHtEight |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerobEightSevenqKkNyHSixBt |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerobQkDFourFourtgJmJH |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerodVtNineMFournPThreeJWR |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerodpNglFNinePEightMFiveQ |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerohxDQVCEightDcNTx |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerokVSSxTwondGdgOne |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerolThreedEightCzBSwQBThree |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerolppDKZeroFiveMFivefcP |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerolvgnNinedThStsb |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeromwZeroThreenlSNHCFivew |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeromxTwoxdZeroZdFgOnev |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeronxkmdmwJsZPW |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroptqJmQEightSXhFiveSeven |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroqmSevenJJFourThJHrw |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroqqRdkkskmSSevenK |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerorRZeroGtXckrczS |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerosxWTEightZeroyNcHNineL |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerotCygmrwTThreemSixT |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerotFiveEightmncZpEightOneyZ |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerovBLqZTtGSixJRQ |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerowntZeroQvZeroGpwrH |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerowqpmqTphdPSixd |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerowtvlTgFdZNineJC |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroxwyPkFSixGpkvg |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroyThreeFourWEightEightZOnevDfk |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroycThreeSsOneSevenHTwoCFivex |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZeroyzRkLSevenqQJrzd |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_StockholdersDeficitZeroThreeZeroSevenOneZerozXNNBVrEightKWwTwo |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Subsequent events (Narrative) (Details)
|
9 Months Ended |
Oct. 31, 2015
USD ($)
d
shares
|
Subsequent Events 1 |
$ 60,900
|
Subsequent Events 2 | shares |
44,126,582
|
Subsequent Events 3 | shares |
10,790,297
|
Subsequent Events 4 |
$ 20,925
|
Subsequent Events 5 |
500,000
|
Subsequent Events 6 |
450,000
|
Subsequent Events 7 |
50,000
|
Subsequent Events 8 |
$ 50,000
|
Subsequent Events 9 |
70.00%
|
Subsequent Events 10 | d |
20
|
Subsequent Events 11 | d |
90
|
Subsequent Events 12 |
0.00%
|
Subsequent Events 13 | d |
90
|
Subsequent Events 14 |
12.00%
|
Subsequent Events 15 | shares |
350,000,000
|
Subsequent Events 16 | shares |
1,655,629
|
Subsequent Events 17 |
$ 5,000
|
Subsequent Events 18 |
$ 0.00423
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwoEightXTZeroWFiveZeroKWEightZOne |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwoFgOneFournMJvVTXv |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwoFivefZdkVFivexSixrEightF |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwoJRHwGlflFiveZHFour |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwoKRnLNThreeWLZSixDX |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwoMFivepcSlbFQTng |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwoMPQmTwoQpVhSevenZerom |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwoNtXNQKVSixckTFour |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwoSSNzcgLOnetThreeXc |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwoTJyqFiveGBKTFiveNM |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwoTqwWWWEightPshxS |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwoVWKFiveGQdZFivehTP |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwocThreefzsBLqLwyC |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTworxZeroNineRPmDSevenNSevenQ |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwovTRHgTwoTEightGFzd |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwovgTQRvTwoTwokQsK |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwoyVKFivePspFiveWkKQ |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:decimalItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
lbsr_SubsequentEventsZeroThreeZeroSevenOneThreeFiveSevenTwozBcbFPnHvThreeWy |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Fair Value, Liabilities Measured on Recurring Basis (Details)
|
9 Months Ended |
Oct. 31, 2015
USD ($)
|
Summary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 1 |
$ 78,277
|
Summary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 2 |
0
|
Summary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 3 |
0
|
Summary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 4 |
78,277
|
Summary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 5 |
216,705
|
Summary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 6 |
0
|
Summary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 7 |
0
|
Summary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 8 |
$ 216,705
|
X |
- DefinitionSummary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 7
+ References
+ Details
Name: |
lbsr_FairValueLiabilitiesMeasuredOnRecurringBasisZeroThreeZeroSevenOneZeroEightOneSevenmtGyHvHlZero |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionSummary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 6
+ References
+ Details
Name: |
lbsr_FairValueLiabilitiesMeasuredOnRecurringBasisZeroThreeZeroSevenOneZeroFourwFThreeXSevenFiveqqSevenGSix |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionSummary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 5
+ References
+ Details
Name: |
lbsr_FairValueLiabilitiesMeasuredOnRecurringBasisZeroThreeZeroSevenOneZeroTNinegxWWvMxOnePNine |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionSummary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 3
+ References
+ Details
Name: |
lbsr_FairValueLiabilitiesMeasuredOnRecurringBasisZeroThreeZeroSevenOneZerofKwfFiveSVnFivewFourV |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionSummary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 2
+ References
+ Details
Name: |
lbsr_FairValueLiabilitiesMeasuredOnRecurringBasisZeroThreeZeroSevenOneZerofkMNinentXwrmzm |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionSummary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 8
+ References
+ Details
Name: |
lbsr_FairValueLiabilitiesMeasuredOnRecurringBasisZeroThreeZeroSevenOneZerogcCdNTwohCsRrH |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionSummary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 1
+ References
+ Details
Name: |
lbsr_FairValueLiabilitiesMeasuredOnRecurringBasisZeroThreeZeroSevenOneZerohfkQQxzbpPJThree |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionSummary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 4
+ References
+ Details
Name: |
lbsr_FairValueLiabilitiesMeasuredOnRecurringBasisZeroThreeZeroSevenOneZeromsPTKEightTwoZeroTBcs |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity (Details)
|
9 Months Ended |
Oct. 31, 2015
USD ($)
|
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 1 |
$ 59,566,708
|
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 2 |
0.024
|
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 3 |
$ 62,093,885
|
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 4 |
0.003
|
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 5 |
$ (17,225,537)
|
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 6 |
0.041
|
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 7 |
$ 0
|
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 8 |
0
|
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 9 |
$ 104,435,056
|
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 10 |
0.009
|
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 11 |
$ 104,435,056
|
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 12 |
0.009
|
X |
- DefinitionWarrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 5
+ References
+ Details
Name: |
lbsr_ScheduleOfStockholdersaposEquityNoteWarrantsOrRightsActivityZeroThreeZeroSevenOneZeroEightNineznFiverDpZeroFiveWz |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWarrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 10
+ References
+ Details
Name: |
lbsr_ScheduleOfStockholdersaposEquityNoteWarrantsOrRightsActivityZeroThreeZeroSevenOneZeroEightVfFourpxgzMFKD |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWarrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 7
+ References
+ Details
Name: |
lbsr_ScheduleOfStockholdersaposEquityNoteWarrantsOrRightsActivityZeroThreeZeroSevenOneZeroFKmfJHchXsGF |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWarrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 3
+ References
+ Details
Name: |
lbsr_ScheduleOfStockholdersaposEquityNoteWarrantsOrRightsActivityZeroThreeZeroSevenOneZeroFiveWSixqEightnnvEightFourgh |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWarrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 1
+ References
+ Details
Name: |
lbsr_ScheduleOfStockholdersaposEquityNoteWarrantsOrRightsActivityZeroThreeZeroSevenOneZeroNineWmGFFEightwDxSixr |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWarrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 9
+ References
+ Details
Name: |
lbsr_ScheduleOfStockholdersaposEquityNoteWarrantsOrRightsActivityZeroThreeZeroSevenOneZeroZHbCFFiveREightTEightVG |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWarrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 4
+ References
+ Details
Name: |
lbsr_ScheduleOfStockholdersaposEquityNoteWarrantsOrRightsActivityZeroThreeZeroSevenOneZeroZWBrTmRSFCBL |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWarrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 11
+ References
+ Details
Name: |
lbsr_ScheduleOfStockholdersaposEquityNoteWarrantsOrRightsActivityZeroThreeZeroSevenOneZeroZZZPSevenRmRHXLp |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWarrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 8
+ References
+ Details
Name: |
lbsr_ScheduleOfStockholdersaposEquityNoteWarrantsOrRightsActivityZeroThreeZeroSevenOneZerofTnSxhWkKkgThree |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWarrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 12
+ References
+ Details
Name: |
lbsr_ScheduleOfStockholdersaposEquityNoteWarrantsOrRightsActivityZeroThreeZeroSevenOneZerotqSxQLNineREightSevenZeroFour |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWarrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 2
+ References
+ Details
Name: |
lbsr_ScheduleOfStockholdersaposEquityNoteWarrantsOrRightsActivityZeroThreeZeroSevenOneZerozpGxslnxtNdM |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:pureItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Derivative Instruments, Gain (Loss) (Details)
|
9 Months Ended |
Oct. 31, 2015
USD ($)
|
Derivative Liabilities Derivative Instruments, Gain (loss) 1 |
$ 216,705
|
Derivative Liabilities Derivative Instruments, Gain (loss) 2 |
46,985
|
Derivative Liabilities Derivative Instruments, Gain (loss) 3 |
(70,766)
|
Derivative Liabilities Derivative Instruments, Gain (loss) 4 |
(396,686)
|
Derivative Liabilities Derivative Instruments, Gain (loss) 5 |
(750,615)
|
Derivative Liabilities Derivative Instruments, Gain (loss) 6 |
(169,474)
|
Derivative Liabilities Derivative Instruments, Gain (loss) 7 |
682,953
|
Derivative Liabilities Derivative Instruments, Gain (loss) 8 |
852,022
|
Derivative Liabilities Derivative Instruments, Gain (loss) 9 |
78,277
|
Derivative Liabilities Derivative Instruments, Gain (loss) 10 |
332,847
|
Derivative Liabilities Derivative Instruments, Gain (loss) 11 |
(70,766)
|
Derivative Liabilities Derivative Instruments, Gain (loss) 12 |
$ (396,686)
|
X |
- DefinitionDerivative Liabilities Derivative Instruments, Gain (loss) 9
+ References
+ Details
Name: |
lbsr_DerivativeInstrumentsGainlossZeroThreeZeroSevenOneZeroBTWgZqFKvTnR |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities Derivative Instruments, Gain (loss) 10
+ References
+ Details
Name: |
lbsr_DerivativeInstrumentsGainlossZeroThreeZeroSevenOneZeroGNgcZThreewKFourTwoZerog |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities Derivative Instruments, Gain (loss) 11
+ References
+ Details
Name: |
lbsr_DerivativeInstrumentsGainlossZeroThreeZeroSevenOneZeroSmvyGwVhqsdw |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities Derivative Instruments, Gain (loss) 12
+ References
+ Details
Name: |
lbsr_DerivativeInstrumentsGainlossZeroThreeZeroSevenOneZerogPxKHbwSWEighttF |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities Derivative Instruments, Gain (loss) 5
+ References
+ Details
Name: |
lbsr_DerivativeInstrumentsGainlossZeroThreeZeroSevenOneZerogcTwonfzdtFzSixW |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities Derivative Instruments, Gain (loss) 2
+ References
+ Details
Name: |
lbsr_DerivativeInstrumentsGainlossZeroThreeZeroSevenOneZerokzsyGTTwoFivevTMs |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities Derivative Instruments, Gain (loss) 8
+ References
+ Details
Name: |
lbsr_DerivativeInstrumentsGainlossZeroThreeZeroSevenOneZeronGyddLEightxftPNine |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities Derivative Instruments, Gain (loss) 3
+ References
+ Details
Name: |
lbsr_DerivativeInstrumentsGainlossZeroThreeZeroSevenOneZeronrWVThreekGVWFourtz |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities Derivative Instruments, Gain (loss) 4
+ References
+ Details
Name: |
lbsr_DerivativeInstrumentsGainlossZeroThreeZeroSevenOneZeropTwSevenEightCxKyLOneEight |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities Derivative Instruments, Gain (loss) 7
+ References
+ Details
Name: |
lbsr_DerivativeInstrumentsGainlossZeroThreeZeroSevenOneZeropwfrdThreeqTsrFiveSix |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities Derivative Instruments, Gain (loss) 1
+ References
+ Details
Name: |
lbsr_DerivativeInstrumentsGainlossZeroThreeZeroSevenOneZerosdpZCbVhSevenhlq |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDerivative Liabilities Derivative Instruments, Gain (loss) 6
+ References
+ Details
Name: |
lbsr_DerivativeInstrumentsGainlossZeroThreeZeroSevenOneZerovhzTSixTLZeroyJcK |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.3.1.900
Schedule of Convertible Debt (Details)
|
9 Months Ended |
Oct. 31, 2015
USD ($)
|
Convertible Promissory Notes Schedule Of Convertible Debt 1 |
12.00%
|
Convertible Promissory Notes Schedule Of Convertible Debt 2 |
$ 55,500
|
Convertible Promissory Notes Schedule Of Convertible Debt 3 |
55,500
|
Convertible Promissory Notes Schedule Of Convertible Debt 4 |
144,519
|
Convertible Promissory Notes Schedule Of Convertible Debt 5 |
0
|
Convertible Promissory Notes Schedule Of Convertible Debt 6 |
$ 147,500
|
Convertible Promissory Notes Schedule Of Convertible Debt 7 |
12.00%
|
Convertible Promissory Notes Schedule Of Convertible Debt 8 |
$ 0
|
Convertible Promissory Notes Schedule Of Convertible Debt 9 |
$ 157,792
|
Convertible Promissory Notes Schedule Of Convertible Debt 10 |
10.00%
|
Convertible Promissory Notes Schedule Of Convertible Debt 11 |
$ 0
|
Convertible Promissory Notes Schedule Of Convertible Debt 12 |
$ 108,136
|
Convertible Promissory Notes Schedule Of Convertible Debt 13 |
10.00%
|
Convertible Promissory Notes Schedule Of Convertible Debt 14 |
$ 79,376
|
Convertible Promissory Notes Schedule Of Convertible Debt 15 |
106,697
|
Convertible Promissory Notes Schedule Of Convertible Debt 16 |
134,876
|
Convertible Promissory Notes Schedule Of Convertible Debt 17 |
664,644
|
Convertible Promissory Notes Schedule Of Convertible Debt 18 |
(22,492)
|
Convertible Promissory Notes Schedule Of Convertible Debt 19 |
(41,928)
|
Convertible Promissory Notes Schedule Of Convertible Debt 20 |
(33,008)
|
Convertible Promissory Notes Schedule Of Convertible Debt 21 |
(516,019)
|
Convertible Promissory Notes Schedule Of Convertible Debt 22 |
79,376
|
Convertible Promissory Notes Schedule Of Convertible Debt 23 |
$ 106,697
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 14
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwoCWKrvyNinePzSixmTwo |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 1
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwoCbThreesqdqBWBsD |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 21
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwoChHqnSSixCHWTR |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 2
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwoEightNinefSRhfzFiveRhEight |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 12
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwoGxNDFourNhPSRHC |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 23
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwoHTwonTwoBdmJGlqz |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 6
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwoNSixcmdStWvNTK |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 5
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwoNinenTwoVDRPlSixFiveHm |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 17
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwoQHTrDWmhOneQTk |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 13
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwoRCBksSevenZeroBDgPg |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 8
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwoRTwoOneSevenDDSevenncTwoBk |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 16
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwoTfDVZeroWDrVkZT |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 10
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwoXThreeTFiveTHtWfGTwoH |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 3
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwoZcFourEightThreeFiveVSixwThreedSix |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 7
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwofMrCBlBcMNSevenL |
Namespace Prefix: |
lbsr_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 9
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwomfGOnetVZkdFourNineb |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 4
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwopVZThreepDhOneZerohTM |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 15
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwoqRvnRVJHThreekHNine |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 18
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTworcFourFivegVSevensMHfJ |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 11
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwotfgZeroZeroQTvEightrxEight |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 19
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwotswkSixDxgnCWg |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 20
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwovhHbKfLFivexGyR |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionConvertible Promissory Notes Schedule Of Convertible Debt 22
+ References
+ Details
Name: |
lbsr_ScheduleOfConvertibleDebtZeroThreeZeroSevenOneThreeFiveSevenTwowznmFMgVySwg |
Namespace Prefix: |
lbsr_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
Liberty Star Uranium and... (QB) (USOTC:LBSR)
Historical Stock Chart
From Sep 2024 to Oct 2024
Liberty Star Uranium and... (QB) (USOTC:LBSR)
Historical Stock Chart
From Oct 2023 to Oct 2024