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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Golden Star Enterprises Ltd (PK) | USOTC:GSPT | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.00129 | -43.14% | 0.0017 | 0.0017 | 0.0033 | 0.004 | 0.0011 | 0.0014 | 639,833 | 21:00:10 |
DELAWARE
|
52-2132622
|
|
(
STATE OF INCORPORATION)
|
(I.R.S. ID)
|
Securities registered pursuant to Section 12(b) of the Act:
|
||
COMMON STOCK | OTC: BB |
Large accelerated filer | o | Accelerated filer | o |
Non-accelerated filer | o | Smaller reporting company | x |
(Do not check if a smaller reporting company) |
Patents,trademarks,copyright
Formulas, reports, studies
Schematics, proprietary info
Website
Terralene brandname
|
Percent
Ownership
|
Entity | Nature of Ownership | ||
1.40%
|
Legacy Platinum Group Inc.
|
2,345,937 Shares of Common Stock *
|
||
0.50%
|
Bravo Enterprises Ltd.
|
703,750 Shares of Common Stock **
|
Property
|
December 31, 2012 | December 31, 2011 | ||||||
Cash | $ | 207 | $ | 61 |
Quarter
|
High
|
Low
|
||||||
2010 First Quarter
|
$ | 0.04 | $ | 0.02 | ||||
2010 Second Quarter
|
$ | 0.09 | $ | 0.02 | ||||
2010 Third Quarter
|
$ | 0.07 | $ | 0.03 | ||||
2010 Fourth Quarter
|
$ | 0.05 | $ | 0.03 | ||||
2011 First Quarter
|
$ | 0.00 | $ | 0.00 | ||||
2011 Second Quarter
|
$ | 0.06 | $ | 0.03 | ||||
2011 Third Quarter
|
$ | 0.07 | $ | 0.01 | ||||
2011 Fourth Quarter
|
$ | 0.01 | $ | 0.00 | ||||
2012 First Quarter
|
$ | 0.00 | $ | 0.00 | ||||
2012 Second Quarter
|
$ | 0.00 | $ | 0.00 | ||||
2012 Third Quarter
|
$ | 0.00 | $ | 0.00 | ||||
2012 Fourth Quarter
|
$ | 0.00 | $ | 0.00 |
Number
of options
|
Weighted Average Exercise Price
|
Weighted Average Remaining Contractual Life
|
||||||||||
Balance, December 31, 2009
|
3,002,517 | $ | 0.20 |
2.67 years
|
||||||||
Granted during 2010
|
14,516,667 | - | ||||||||||
Exercised during 2010
|
(14,516,667 | ) | - | |||||||||
Balance, December 31,2010
|
3,002,517 | - | ||||||||||
Granted during 2011
|
12,000,000 | 0.03 | ||||||||||
Exercised during 2011
|
(12,000,000 | ) | ||||||||||
Balance, December 31, 2011
|
3,002,517 | $ | 0.20 |
2.67 years
|
||||||||
Granted during 2012
|
15,000,000 | 0.03 | ||||||||||
Exercised during 2012
|
(15,000,000 | ) | ||||||||||
Balance, December 31, 2012
|
3,002,517 | $ | 0.20 |
2.67 years
|
Number
of options
|
Weighted Average Exercise Price
|
Weighted Average Remaining Contractual Life
|
||||||||||
Balance, December 31, 2009
|
3,002,517 | $ | 0.20 |
2.67 years
|
||||||||
Granted during 2010
|
14,516,667 | - | ||||||||||
Exercised during 2010
|
(14,516,667 | ) | - | |||||||||
Balance, December 31,2010
|
3,002,517 | - | ||||||||||
Granted during 2011
|
12,000,000 | 0.03 | ||||||||||
Exercised during 2011
|
(12,000,000 | ) | ||||||||||
Balance, December 31, 2011
|
3,002,517 | $ | 0.20 |
2.67 years
|
Fiscal Year Ended December 31
|
2012
|
2011
|
||||||
Revenue
|
$ |
Nil
|
$ |
Nil
|
||||
Operating Loss
|
(125,924 | ) | (359,281 | ) | ||||
Net Loss
|
(125,924 | ) | (393,813 | ) | ||||
BaBasic and diluted net loss per share
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0.00 | 0.01 | ||||||
CaCash dividends declared per share
|
- | - | ||||||
Cash, cash equivalents, & short term investments
|
207 | 61 | ||||||
Total assets
|
209,768 | 136,434 | ||||||
Long-term obligations
|
- | - | ||||||
Stockholders’ equity (deficit)
|
26,029 | 35,389 |
September 13,
|
||||||||||||
Year Ended
|
Year Ended
|
1993 (inception)
|
||||||||||
December 31, | December 31, | to December 31, | ||||||||||
2012
|
2011
|
2012
|
||||||||||
REVENUES
|
|
|||||||||||
Processing fees
|
$ | - | $ | - | $ | 98,425 | ||||||
Gaming Revenue
|
- | - | 18,596 | |||||||||
Sale of oil and gas interest
|
- | - | 47,501 | |||||||||
Interest income
|
- | - | 2,927 | |||||||||
TOTAL REVENUES
|
- | - | 167,449 | |||||||||
COST OF SALES –
Poker royalties and processing fees
|
- | - | 30,601 | |||||||||
GROSS PROFIT (LOSS)
|
- | - | 136,848 | |||||||||
GENERAL AND ADMINISTRATIVE EXPENSES
|
||||||||||||
Advertising and marketing
|
- | - | 93,895 | |||||||||
Consulting fees
|
23,958 | 232,863 | 7,860,699 | |||||||||
Depreciation and amortization
|
- | - | 132,569 | |||||||||
Exploration costs
|
- | - | 241,754 | |||||||||
Investor relations
|
10,625 | 26,128 | 768,088 | |||||||||
Litigation settlement
|
- | - | 52,169 | |||||||||
Loss on settlement of debt
|
- | - | 302,500 | |||||||||
Management fees
|
- | - | 378,447 | |||||||||
Office and general
|
50,284 | 51,468 | 792,028 | |||||||||
Poker Sponsorships
|
- | - | 52,500 | |||||||||
Professional fees
|
30,877 | 35,060 | 750,295 | |||||||||
Travel and accommodation
|
6,165 | 6,518 | 295,262 | |||||||||
Wages and salaries
|
4,015 | 7,243 | 272,308 | |||||||||
Write-off of website development costs
|
- | - | 425,682 | |||||||||
Write-down (recovery) of URL costs
|
- | - | 1,571,657 | |||||||||
Write-down of technology license
|
- | - | 2,055,938 | |||||||||
Write-down of film production and distribution costs
|
- | 1 | 90,763 | |||||||||
Write-off of other assets
|
- | - | 275,543 | |||||||||
TOTAL GENERAL AND ADMINISTRATIVE EXPENSES
|
125,924 | 359,281 | 16,412,097 | |||||||||
OTHER INCOME (EXPENSES)
|
||||||||||||
EQUITY LOSS FROM BRAVO ENTERPRISES LTD.
|
- | - | (1,394,280 | ) | ||||||||
WRITE-DOWN OF INVESTMENT IN BRAVO ENTERPRISES
|
- | - | (313,301 | ) | ||||||||
GAIN/(LOSS) ON SALE OF SECURITIES-RELATED PARTIES
|
- | - | 216,509 | |||||||||
(LOSS) ON IMPAIRMENT OF SECURITIES-RELATED PARTIES
|
- | (34,532 | ) | (115,602 | ) | |||||||
DILUTION GAIN – LEGACY PLATINUM GROUP INC.
|
- | - | 334,087 | |||||||||
PROPERTY OPTION LOSS
|
- | - | (600,000 | ) | ||||||||
TOTAL OTHER INCOME (EXPENSES)
|
- | (34,532 | ) | (1,872,587 | ) | |||||||
Loss before income taxes
|
(125,924 | ) | (393,813 | ) | (18,147,836 | ) | ||||||
Income Tax Provision
|
- | - | - | |||||||||
NET LOSS
|
$ | (125,924 | ) | $ | (393,813 | ) | $ | (18,147,836 | ) | |||
NET LOSS ATTRIBUTED TO NONCONTROLLING INTEREST
|
- | - | 479,978 | |||||||||
NET LOSS TO TERRALENE FUELS CORPORATION
|
$ | (125,924 | ) | $ | (393,813 | ) | $ | (17,667,858 | ) | |||
BASIC & DILUTED LOSS PER COMMON SHARE
|
$ | (0.00 | ) | $ | (0.01 | ) | ||||||
BASIC & DILUTED WEIGHTED AVG. COMMON SHARES | 97,100,061 | 57,486,554 |
Common Stock
|
Additional
|
Deferred
|
Deficit
During the
Accumulated
|
Accumulated
|
|
|||||||||||||||||||||||
Number of |
Paid-in
|
Compensation
|
Development
|
Comprehensive
|
Other | |||||||||||||||||||||||
Shares
|
Amount
|
Capital
|
(Note 6)
|
Stage
|
Loss
|
Total
|
||||||||||||||||||||||
$ | $ | $ | $ | $ | $ | |||||||||||||||||||||||
Balance, September 13, 1993 (date of inception)
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
September 30, 2003 – common stock issued for cash at $0.01 per share
|
100,000 | 10 | 990 | 0 | 0 | 0 | 1,000 | |||||||||||||||||||||
Net loss for the period ended December 31, 1993
|
0 | 0 | 0 | 0 | (1,000 | ) | 0 | (1,000 | ) | |||||||||||||||||||
Balance, December 31, 1993
|
100,000 | 10 | 990 | 0 | (1,000 | ) | 0 | 0 | ||||||||||||||||||||
Net loss for the years ended December 31, 1994 through 1997
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Net loss for the year ended December 31, 1998
|
0 | 0 | 0 | 0 | (10,797 | ) | 0 | (10,797 | ) | |||||||||||||||||||
Balance, December 31, 1998
|
100,000 | 10 | 990 | 0 | (11,797 | ) | 0 | (10,797 | ) | |||||||||||||||||||
January 6, 1999 – common stock issued for Rising Phoenix
|
||||||||||||||||||||||||||||
finders’ fee at $18.00 per share
|
13,333 | 1 | 239,999 | 0 | 0 | 0 | 240,000 | |||||||||||||||||||||
January 6, 1999 – common stock issued for cash and
|
||||||||||||||||||||||||||||
management remuneration at $18.00 per share
|
10,000 | 1 | 179,999 | 0 | 0 | 0 | 180,000 | |||||||||||||||||||||
January 28, 1999 – commons stock issued for services at $21.60 per share
|
10,000 | 1 | 215,999 | 0 | 0 | 0 | 216,000 | |||||||||||||||||||||
February 26, 1999 – common stock issued for services at $21.60 per share
|
8,333 | 1 | 179,999 | 0 | 0 | 0 | 180,000 | |||||||||||||||||||||
April 14, 1999 – common stock issued for cash (net of finance fee
|
||||||||||||||||||||||||||||
of $99,500) at $4.80 to $15.00 per share
|
118,792 | 12 | 900,488 | 0 | 0 | 0 | 900,500 | |||||||||||||||||||||
Less: fair value of warrants issued on financing
|
0 | 0 | (764,095 | ) | 0 | 0 | 0 | (764,095 | ) | |||||||||||||||||||
April 14, 1999 – warrants issued on financing
|
0 | 0 | 764,095 | 0 | 0 | 0 | 764,095 | |||||||||||||||||||||
April 23, 1999 – stock based compensation
|
0 | 0 | 210,706 | 0 | 0 | 0 | 210,706 | |||||||||||||||||||||
April 28, 1999 – common stock issued for technology licence
|
||||||||||||||||||||||||||||
finder’s fee at $18.00 per share
|
6,667 | 1 | 119,999 | 0 | 0 | 0 | 120,000 | |||||||||||||||||||||
June 15, 1999 – common stock issued for technology license at
|
||||||||||||||||||||||||||||
$18.00 per share
|
50,000 | 5 | 899,995 | 0 | 0 | 0 | 900,000 |
June 15, 1999 – common stock issued for services at $15.00 per share share
|
333 | 0 | 5,000 | 0 | 0 | 0 | 5,000 | |||||||||||||||||||||
June 30, 1999 – common stock issued for services at $15.60 per share hare
|
4,167 | 0 | 65,000 | 0 | 0 | 0 | 65,000 | |||||||||||||||||||||
July 15, 1999 – warrants issued for URL purchase
|
0 | 0 | 328,858 | 0 | 0 | 0 | 328,858 | |||||||||||||||||||||
July 20, 1999 – common stock issued for cash on exercise of
|
||||||||||||||||||||||||||||
warrants at $18.0 per share
|
13,333 | 1 | 239,999 | 0 | 0 | 0 | 240,000 | |||||||||||||||||||||
September 1, 1999 – warrants issued for URL purchase
|
0 | 0 | 220,146 | 0 | 0 | 0 | 220,146 | |||||||||||||||||||||
September 1, 1999 – common stock issued for cash on exercise
|
||||||||||||||||||||||||||||
of warrants at $18.00 per share
|
1,667 | 0 | 30,000 | 0 | 0 | 30,000 | ||||||||||||||||||||||
October 14, 1999 – common stock issued for cash on exercise of
|
667 | 0 | 10,000 | 0 | 0 | 0 | 10,000 | |||||||||||||||||||||
warrants at $15.00 per share
|
||||||||||||||||||||||||||||
October 22, 1999 – stock based compensation
|
0 | 0 | 42,963 | 0 | 0 | 0 | 42,963 | |||||||||||||||||||||
November 3, 1999 – common stock issued for cash on exercise
|
||||||||||||||||||||||||||||
of warrants at $15.00 per share
|
1,667 | 0 | 25,000 | 0 | 0 | 0 | 25,000 | |||||||||||||||||||||
November 9, 1999 – common stock issued for technology
|
||||||||||||||||||||||||||||
license at $ per share | 50,000 | 5 | 899,995 | 0 | 0 | 0 | 900,000 |
November 15, 1999 – common stock issued for cash on exercise
|
||||||||||||||||||||||||||||
of warrants at $15.00 per share
|
3,333 | 0 | 50,000 | 0 | 0 | 0 | 50,000 | |||||||||||||||||||||
November 19, 1999 – common stock issued for acquisition of
|
||||||||||||||||||||||||||||
URL’s at $18.00 per share
|
10,833 | 1 | 194,999 | 0 | 0 | 0 | 195,000 | |||||||||||||||||||||
November 24, 1999 – common stock issued for acquisition of
|
||||||||||||||||||||||||||||
URL’s at $18.00 per share
|
13,333 | 1 | 239,999 | 0 | 0 | 0 | 240,000 | |||||||||||||||||||||
November 25, 1999 – common stock issued for acquisition of
|
||||||||||||||||||||||||||||
URL’s at $18.00 per share
|
8,333 | 1 | 149,999 | 0 | 0 | 0 | 150,000 | |||||||||||||||||||||
November 25, 1999 – common stock issued for acquisition of
|
||||||||||||||||||||||||||||
URL’s at $18.00 per share
|
4,167 | 0 | 75,000 | 0 | 0 | 0 | 75,000 | |||||||||||||||||||||
November 29, 1999 – common stock issued for cash on exercise
|
||||||||||||||||||||||||||||
of warrants at $15.00 per share
|
667 | 0 | 10,000 | 0 | 0 | 0 | 10,000 | |||||||||||||||||||||
December 6, 1999 – common stock issued for cash on exercise
|
||||||||||||||||||||||||||||
of warrants at $15.00 per share
|
833 | 0 | 12,500 | 0 | 0 | 0 | 12,500 | |||||||||||||||||||||
December 9, 1999 – common stock issued for cash on exercise
|
||||||||||||||||||||||||||||
of warrants at $15.00 per share
|
833 | 0 | 12,500 | 0 | 0 | 0 | 12,500 | |||||||||||||||||||||
Dividends paid
|
0 | 0 | 0 | 0 | (219,978 | ) | 0 | (219,978 | ) | |||||||||||||||||||
Rounding adjustment
|
0 | 2 | (2 | ) | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Net loss
|
0 | 0 | 0 | 0 | (4,201,051 | ) | 0 | (4,201,051 | ) | |||||||||||||||||||
Balance, December 31, 1999
|
431,291 | 43 | 5,560,130 | 0 | (4,432,826 | ) | 0 | 1,127,347 | ||||||||||||||||||||
January 24, 2000 – common stock issued for cash on exercise
|
833 | 0 | 12,500 | 0 | 0 | 0 | 12,500 | |||||||||||||||||||||
of warrants at $15.00 per share
|
||||||||||||||||||||||||||||
January 26, 2000 – common stock issued for cash on exercise
|
1,333 | 0 | 20,000 | 0 | 0 | 0 | 20,000 | |||||||||||||||||||||
of warrants at $15.00 per share
|
||||||||||||||||||||||||||||
January 31, 2000 – common stock issued for cash on exercise
|
833 | 0 | 12,500 | 0 | 0 | 0 | 12,500 | |||||||||||||||||||||
of warrants at $15.00 per share
|
||||||||||||||||||||||||||||
February 8, 2000 – common stock issued for cash on exercise
|
833 | 0 | 12,500 | 0 | 0 | 0 | 12,500 | |||||||||||||||||||||
of warrants at $15.00 per share
|
||||||||||||||||||||||||||||
February 9, 2000 – common stock issued for cash on exercise
|
833 | 0 | 12,500 | 0 | 0 | 0 | 12,500 | |||||||||||||||||||||
of warrants at $15.00 per share
|
||||||||||||||||||||||||||||
February 11, 2000 – common stock issued for cash on exercise
|
2,500 | 0 | 37,500 | 0 | 0 | 0 | 37,500 | |||||||||||||||||||||
of warrants at $15.00 per share
|
||||||||||||||||||||||||||||
February 18, 2000 – common stock issued for cash on exercise
|
2,500 | 0 | 37,500 | 0 | 0 | 0 | 37,500 | |||||||||||||||||||||
of warrants at $15.0 per share
|
||||||||||||||||||||||||||||
February 24, 2000 – common stock issued for deferred compensation at $51.00 per share
|
11,667 | 1 | 594,999 | (595,000 | ) | 0 | 0 | 0 | ||||||||||||||||||||
February 24, 2000 – common stock issued for interest in oil and gas property
|
63,333 | 6 | 1,519,994 | 0 | 0 | 0 | 1,520,000 | |||||||||||||||||||||
February 24, 2000 – common stock issued for cash on exercise
|
||||||||||||||||||||||||||||
of warrants at $15.00 per share
|
833 | 0 | 12,500 | 0 | 0 | 0 | 12,500 | |||||||||||||||||||||
February 28, 2000 – common stock issued for cash on exercise
|
||||||||||||||||||||||||||||
of warrants at $15.00 per share
|
1,667 | 0 | 25,000 | 0 | 0 | 0 | 25,000 | |||||||||||||||||||||
March 2, 2000 – common stock issued for cash on exercise
|
||||||||||||||||||||||||||||
of warrants at $15.00 per share
|
833 | 0 | 12,500 | 0 | 0 | 0 | 12,500 | |||||||||||||||||||||
March 8, 2000 – common stock issued for cash on exercise
|
||||||||||||||||||||||||||||
of warrants at $15.00 per share
|
833 | 0 | 12,500 | 0 | 0 | 0 | 12,500 | |||||||||||||||||||||
March 17, 2000 – common stock issued for cash on exercise
|
||||||||||||||||||||||||||||
of warrants at $15.00 per share
|
833 | 0 | 12,500 | 0 | 0 | 0 | 12,500 | |||||||||||||||||||||
March 24, 2000 – common stock issued for cash on exercise
|
||||||||||||||||||||||||||||
of warrants at $15.0 per share
|
1,667 | 0 | 25,000 | 0 | 0 | 0 | 25,000 | |||||||||||||||||||||
March 31, 2000 – common stock issued for cash on exercise
|
||||||||||||||||||||||||||||
of warrants at $15.0 per share
|
833 | 0 | 12,500 | 0 | 0 | 0 | 12,500 | |||||||||||||||||||||
April 12, 2000 – common stock issued for cash on exercise
|
||||||||||||||||||||||||||||
of warrants at $15.00 per share
|
833 | 0 | 12,500 | 0 | 0 | 0 | 12,500 | |||||||||||||||||||||
April 28, 2000 – common stock issued for cash on exercise
|
||||||||||||||||||||||||||||
of warrants at $15.00 per share
|
833 | 0 | 12,500 | 0 | 0 | 0 | 12,500 | |||||||||||||||||||||
August 10 2000 – common stock issued for services at $0.30
|
||||||||||||||||||||||||||||
per share
|
833 | 0 | 15,000 | 0 | 0 | 0 | 15,000 | |||||||||||||||||||||
October 5, 2000 – common stock issued for cash on exercise
|
||||||||||||||||||||||||||||
of warrants at $15.00 per share
|
667 | 0 | 10,000 | 0 | 0 | 0 | 10,000 | |||||||||||||||||||||
Deferred compensation expense recorded in the year
|
0 | 0 | 0 | 190,894 | 0 | 190,894 | ||||||||||||||||||||||
Rounding adjustment
|
0 | 3 | (3 | ) | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Net loss
|
0 | 0 | 0 | 0 | (1,350,249 | ) | 0 | (1,350,249 | ) |
Balance, December 31, 2000
|
526,621 | 53 | 7,982,620 | (404,106 | ) | (5,783,075 | ) | 0 | 1,795,492 | |||||||||||||||||||
Deferred compensation expense recorded in the year
|
0 | 0 | 0 | 208,246 | 0 | 0 | 208,246 | |||||||||||||||||||||
Net loss
|
0 | 0 | 0 | 0 | (1,495,844 | ) | 0 | (1,495,844 | ) | |||||||||||||||||||
Balance, December 31, 2001
|
526,621 | 53 | 7,982,620 | (195,860 | ) | (7,278,919 | ) | 0 | 507,894 | |||||||||||||||||||
November 6, 2002 – common stock issued for services at $1.20 per share
|
149,167 | 15 | 178,985 | 0 | 0 | 0 | 179,000 | |||||||||||||||||||||
Unrealized gain on available-for-sale securities
|
0 | 0 | 0 | 0 | 0 | 6,832 | 6,832 | |||||||||||||||||||||
Deferred compensation expense recorded in the year
|
0 | 0 | 0 | 71,896 | 0 | 0 | 71,896 | |||||||||||||||||||||
Net loss
|
0 | 0 | 0 | 0 | (1,025,820 | ) | 0 | (1,025,820 | ) | |||||||||||||||||||
Balance, December 31, 2002
|
675,788 | 68 | 8,161,605 | (123,964 | ) | (8,304,739 | ) | 6,832 | (260,198 | ) | ||||||||||||||||||
January 10, 2003 – common stock issued for deferred compensation at $.60
|
325,000 | 33 | 194,967 | (195,000 | ) | 0 | 0 | 0 | ||||||||||||||||||||
January 10, 2003 – common stock issued for services at $0.60
|
16,667 | 2 | 9,998 | 10,000 | ||||||||||||||||||||||||
January 14, 2003 – common stock issued to acquire “Miss Beverly Hills”
|
1,666,667 | 167 | 199,833 | 0 | 0 | 0 | 200,000 | |||||||||||||||||||||
January 21, 2003 – common stock issued for services at $0.36
|
833,333 | 83 | 299,917 | 0 | 0 | 0 | 300,000 | |||||||||||||||||||||
February 4, 2003 – return and cancellation of common stock
|
(1,666,667 | ) | (167 | ) | (199,833 | ) | 0 | 0 | 0 | (200,000 | ) | |||||||||||||||||
February 4, 2003 – return and cancellation of common stock
|
(416,667 | ) | (42 | ) | (149,958 | ) | 0 | 0 | 0 | (150,000 | ) | |||||||||||||||||
February 12, 2003 – common stock issued for exercise of stock options at $0.36
|
16,667 | 2 | 5,998 | 0 | 0 | 0 | 6,000 | |||||||||||||||||||||
February 19, 2003 – common stock issued for exercise of stock options at $0.36
|
16,667 | 2 | 5,998 | 0 | 0 | 0 | 6,000 | |||||||||||||||||||||
April 14, 2003 – common stock issued for exercise of stock options at $0.36
|
33,333 | 3 | 11,997 | 0 | 0 | 0 | 12,000 | |||||||||||||||||||||
May 2, 2003 – common stock issued for exercise of stock options at $0.36
|
163,333 | 16 | 58,784 | 0 | 0 | 0 | 58,800 | |||||||||||||||||||||
May 6, 2003 – common stock issued for exercise of stock options at $0.36
|
41,667 | 4 | 14,996 | 0 | 0 | 0 | 15,000 | |||||||||||||||||||||
May 16, 2003 – common stock issued for exercise of stock options at $0.36
|
33,333 | 3 | 11,997 | 0 | 0 | 0 | 12,000 | |||||||||||||||||||||
May 27, 2003 – return and cancellation of common stock
|
(41,667 | ) | (4 | ) | (14,996 | ) | 0 | 0 | 0 | (15,000 | ) | |||||||||||||||||
May 30, 2003 – common stock issued for exercise of stock options at $0.36
|
66,667 | 7 | 23,993 | 0 | 0 | 0 | 24,000 | |||||||||||||||||||||
June 11, 2003 – common stock issued for exercise of stock options at $0.42
|
145,833 | 15 | 61,235 | 0 | 0 | 0 | 61,250 | |||||||||||||||||||||
June 23, 2003 – common stock issued for exercise of stock options at $0.42
|
16,667 | 2 | 6,998 | 0 | 0 | 0 | 7,000 | |||||||||||||||||||||
June 26, 2003 - common stock issued for exercise of stock options at $0.42
|
16,667 | 2 | 6,998 | 0 | 0 | 0 | 7,000 | |||||||||||||||||||||
July 16, 2003 - common stock issued for exercise of stock options at $0.42
|
37,500 | 4 | 15,746 | 0 | 0 | 0 | 15,750 | |||||||||||||||||||||
July 17, 2003 - common stock issued for exercise of stock options at $0.42
|
25,000 | 3 | 10,497 | 0 | 0 | 0 | 10,500 | |||||||||||||||||||||
July 28, 2003 - common stock issued for exercise of stock options at $0.42
|
12,500 | 1 | 5,249 | 0 | 0 | 0 | 5,250 | |||||||||||||||||||||
August 1, 2003 - common stock issued for exercise of stock options at $0.42
|
50,000 | 5 | 20,995 | 0 | 0 | 0 | 21,000 | |||||||||||||||||||||
August 8, 2003 - common stock issued for exercise of stock options at $0.42
|
16,667 | 2 | 6,998 | 0 | 0 | 0 | 7,000 | |||||||||||||||||||||
August 11, 2003 - common stock issued for exercise of stock options at $0.42
|
45,833 | 5 | 19,245 | 0 | 0 | 0 | 19,250 | |||||||||||||||||||||
August 14, 2003 - common stock issued for exercise of stock options at $0.42
|
8,333 | 1 | 3,499 | 0 | 0 | 0 | 3,500 | |||||||||||||||||||||
August 14, 2003 - common stock issued for exercise of stock options at $0.48
|
91,667 | 9 | 43,991 | 0 | 0 | 0 | 44,000 | |||||||||||||||||||||
August 29, 2003 - common stock issued for exercise of stock options at $0.48
|
25,000 | 3 | 11,997 | 0 | 0 | 0 | 12,000 | |||||||||||||||||||||
August 29, 2003 - common stock issued for exercise of stock options at $0.42
|
8,333 | 1 | 3,499 | 0 | 0 | 0 | 3,500 | |||||||||||||||||||||
October 13, 2003 – common stock issued for debt settlement at $0.54
|
338,426 | 34 | 182,716 | 0 | 0 | 0 | 182,750 | |||||||||||||||||||||
October 13, 2003 – common stock issued for exercise of stock options at $0.04
|
66,667 | 7 | 47,993 | 0 | 0 | 0 | 48,000 | |||||||||||||||||||||
October 22 , 2003 – common stock issued for exercise of stock options at $0.72
|
46,111 | 5 | 33,195 | 0 | 0 | 0 | 33,200 | |||||||||||||||||||||
October 22, 2003 – common stock issued for interest in mining property at $0.48
|
25,000 | 3 | 26,997 | 0 | 0 | 0 | 27,000 | |||||||||||||||||||||
October 24 , 2003 – common stock issued for exercise of stock options at $0.72
|
30,904 | 3 | 22,248 | 0 | 0 | 0 | 22,251 | |||||||||||||||||||||
November 26, 2003 – common stock issued for exercise of stock options at $0.72
|
55,556 | 6 | 39,994 | 0 | 0 | 0 | 40,000 | |||||||||||||||||||||
December 2, 2003 – common stock issued for exercise of stock options at $0.72
|
78,540 | 8 | 56,541 | 0 | 0 | 0 | 56,549 | |||||||||||||||||||||
December 16, 2003 – return and cancellation of common stock
|
(5,556 | ) | (1 | ) | (2,332 | ) | 0 | 0 | 0 | (2,333 | ) | |||||||||||||||||
Stock-based compensation
|
0 | 0 | 364,300 | 0 | 0 | 0 | 364,300 | |||||||||||||||||||||
Unrealized loss on available-for-sale securities
|
0 | 0 | 0 | 0 | 0 | (6,947 | ) | (6,947 | ) | |||||||||||||||||||
Deferred compensation expense
|
0 | 0 | 0 | 130,332 | 0 | 0 | 130,332 | |||||||||||||||||||||
Rounding adjustment
|
0 | (5 | ) | 5 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Net loss
|
0 | 0 | 0 | 0 | (1,279,867 | ) | 0 | (1,279,867 | ) |
Balance, December 31, 2003
|
2,899,769 | 290 | 9,623,900 | (188,632 | ) | (9,584,606 | ) | (115 | ) | (149,163 | ) | |||||||||||||||||
January 10, 2004 - common stock issued for deferred compensation at $0.90
|
111,111 | 11 | 99,989 | (100,000 | ) | 0 | 0 | 0 | ||||||||||||||||||||
January 14, 2004 – common stock issued for debt at $0.72
|
452,778 | 45 | 325,955 | 0 | 0 | 0 | 326,000 | |||||||||||||||||||||
March 26, 2004 – common stock issued for services at $0.36
|
22,222 | 2 | 7,998 | 0 | 0 | 0 | 8,000 | |||||||||||||||||||||
May 21, 2004 – common stock issued for exercise of stock options at $0.18
|
144,444 | 14 | 25,986 | 0 | 0 | 0 | 26,000 | |||||||||||||||||||||
June 8, 2004 – common stock issued for exercise of stock options at $0.18
|
83,333 | 8 | 14,992 | 0 | 0 | 0 | 15,000 | |||||||||||||||||||||
June 9, 2004 – common stock issued for exercise of stock options at $0.18
|
55,556 | 6 | 9,994 | 0 | 0 | 0 | 10,000 | |||||||||||||||||||||
June 17, 2004 - common stock issued for debt at $0.18
|
344,444 | 34 | 61,966 | 0 | 0 | 0 | 62,000 | |||||||||||||||||||||
June 29, 2004 – common stock issued for exercise of stock options at $0.18
|
50,000 | 5 | 8,995 | 0 | 0 | 0 | 9,000 | |||||||||||||||||||||
July 6, 2004 – return and cancellation of common stock
|
(72,222 | ) | (7 | ) | (12,993 | ) | 0 | 0 | 0 | (13,000 | ) | |||||||||||||||||
July 6, 2004 – common stock issued for exercise of stock options at $0.18
|
88,889 | 9 | 15,991 | 0 | 0 | 0 | 16,000 | |||||||||||||||||||||
September 27, 2004–common stock issued for exercise of stock options at $2.16
|
166,667 | 17 | 359,983 | 0 | 0 | 0 | 360,000 | |||||||||||||||||||||
September 28, 2004–common stock issued for exercise of stock options at $2.16
|
111,111 | 11 | 239,989 | 0 | 0 | 0 | 240,000 | |||||||||||||||||||||
October 1, 2004 – common stock issued for services at $1.80
|
7,222 | 1 | 12,999 | (13,000 | ) | 0 | 0 | 0 | ||||||||||||||||||||
October 1, 2004 – common stock issued for services at $1.80
|
97,222 | 10 | 174,990 | (175,000 | ) | 0 | 0 | 0 | ||||||||||||||||||||
October 18, 2004 – common stock issued for stock dividend (Note 6)
|
445,811 | 45 | 641,923 | 0 | (641,968 | ) | 0 | 0 | ||||||||||||||||||||
October 25, 2004 – common stock issued for property at $1.08
|
5,556 | 1 | 5,999 | 0 | 0 | 0 | 6,000 | |||||||||||||||||||||
November 29, 2004 - common stock issued for property rights at $1.26
|
55,556 | 6 | 69,994 | 0 | 0 | 0 | 70,000 | |||||||||||||||||||||
December 1, 2004 – common stock issued for services at $1.26
|
5,556 | 1 | 6,999 | 0 | 0 | 0 | 7,000 | |||||||||||||||||||||
December 1, 2004 – common stock issued for services at $1.26
|
5,556 | 1 | 6,999 | 0 | 0 | 0 | 7,000 | |||||||||||||||||||||
December 15, 2004 – common stock issued for property rights
|
55,556 | 6 | 59,994 | 0 | 0 | 0 | 60,000 | |||||||||||||||||||||
Share reconciliation after dividend issue
|
(20 | ) | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Stock based compensation
|
0 | 0 | 552,100 | 0 | 0 | 0 | 552,100 | |||||||||||||||||||||
Unrealized loss on available-for-sale securities
|
0 | 0 | 0 | 0 | 0 | (1,112 | ) | (1,112 | ) | |||||||||||||||||||
Deferred compensation expense
|
0 | 0 | 0 | 203,917 | 0 | 0 | 203,917 | |||||||||||||||||||||
Rounding adjustment
|
0 | (2 | ) | 1 | 0 | 0 | 0 | (1 | ) | |||||||||||||||||||
Net loss
|
0 | 0 | 0 | 0 | (1,883,337 | ) | 0 | (1,883,337 | ) | |||||||||||||||||||
Balance, December 31, 2004
|
5,136,117 | 514 | 12,314,743 | (272,715 | ) | (12,109,911 | ) | (1,227 | ) | (68,596 | ) | |||||||||||||||||
February 15, 2005 - common stock issued for stock options at $0.54
|
143,056 | 14 | 77,236 | 0 | 0 | 0 | 77,250 | |||||||||||||||||||||
February 25, 2005 - common stock issued for stock options at $0.54
|
27,778 | 3 | 14,997 | 0 | 0 | 0 | 15,000 | |||||||||||||||||||||
April 7, 2005 - common stock issued for stock options at $0.54
|
27,778 | 3 | 14,997 | 0 | 0 | 0 | 15,000 | |||||||||||||||||||||
April 8, 2005 - common stock issued for stock options at $0.54
|
83,333 | 8 | 44,992 | 0 | 0 | 0 | 45,000 | |||||||||||||||||||||
May 17, 2005 - common stock issued for stock options at $0.54
|
83,333 | 8 | 44,992 | 0 | 0 | 0 | 45,000 | |||||||||||||||||||||
June 28, 2005 - common stock issued for consulting at $0.36
|
166,667 | 17 | 59,983 | (60,000 | ) | 0 | 0 | 0 | ||||||||||||||||||||
July 5, 2005 - common stock issued for stock options at $0.36
|
186,111 | 19 | 66,981 | 0 | 0 | 0 | 67,000 | |||||||||||||||||||||
July 22, 2005 - common stock issued for stock options at $0.36
|
55,556 | 6 | 19,994 | 0 | 0 | 0 | 20,000 | |||||||||||||||||||||
July 26, 2005 - common stock issued for stock options at $0.36
|
138,889 | 14 | 49,986 | 0 | 0 | 0 | 50,000 | |||||||||||||||||||||
August 10, 2005 - common stock issued for stock options at $0.36
|
109,722 | 11 | 39,489 | 0 | 0 | 0 | 39,500 | |||||||||||||||||||||
July 13, 2005 - common stock issued for private placement at $0.36
|
152,778 | 15 | 54,985 | 0 | 0 | 0 | 55,000 | |||||||||||||||||||||
July 12, 2005 - common stock issued for consulting services at $0.36
|
5,555,556 | 556 | 1,999,444 | (2,000,000 | ) | 0 | 0 | 0 | ||||||||||||||||||||
Stock0based compensation
|
0 | 0 | 743,500 | 0 | 0 | 0 | 743,500 | |||||||||||||||||||||
Unrealized gain on available-for-sale securities
|
0 | 0 | 0 | 0 | 0 | 1,112 | 1,112 | |||||||||||||||||||||
Deferred compensation expense
|
0 | 0 | 0 | 520,208 | 0 | 0 | 520,208 | |||||||||||||||||||||
Rounding adjustment
|
0 | (1 | ) | 1 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Net loss
|
0 | 0 | 0 | 0 | (1,842,055 | ) | 0 | (1,842,055 | ) | |||||||||||||||||||
Balance, December 31, 2005
|
11,866,674 | 1,187 | 15,546,320 | (1,812,507 | ) | (13,951,966 | ) | (115 | ) | (217,081 | ) | |||||||||||||||||
January 18, 2006 - common stock issued for property options at $0.36
|
555,556 | 56 | 199,944 | 0 | 0 | 0 | 200,000 | |||||||||||||||||||||
January 27, 2006 - common stock issued for stock options at $0.36
|
56,944 | 6 | 20,494 | 0 | 0 | 0 | 20,500 | |||||||||||||||||||||
January 31, 2006 - common stock issued for stock options at $0.54
|
27,778 | 3 | 14,997 | 0 | 0 | 0 | 15,000 | |||||||||||||||||||||
February 2, 2006 - common stock issued for stock options at $0.54
|
131,094 | 13 | 70,777 | 0 | 0 | 0 | 70,790 |
February 6, 2006 - common stock issued for stock options at $0.36
|
127,778 | 13 | 45,987 | 0 | 0 | 0 | 46,000 | |||||||||||||||||||||
February 9, 2006 - common stock issued for stock options at $0.54
|
88,889 | 9 | 47,991 | 0 | 0 | 0 | 48,000 | |||||||||||||||||||||
February 27, 2006 - common stock issued for property options at $0.36
|
555,556 | 56 | 199,944 | 0 | 0 | 0 | 200,000 | |||||||||||||||||||||
March 30, 2006 - common stock issued for consulting services at $0.54
|
16,667 | 2 | 8,998 | 0 | 0 | 0 | 9,000 | |||||||||||||||||||||
April 1, 2006 - common stock issued for property options at $0.36
|
555,556 | 56 | 199,944 | 0 | 0 | 0 | 200,000 | |||||||||||||||||||||
April 24, 2006 - common stock issued for stock options at $0.36
|
61,111 | 6 | 21,994 | 0 | 0 | 0 | 22,000 | |||||||||||||||||||||
May 8, 2006 - common stock issued for stock options at $0.36
|
111,111 | 11 | 39,989 | 0 | 0 | 0 | 40,000 | |||||||||||||||||||||
June 2, 2006 - common stock issued for consulting services at $0.18
|
972,222 | 97 | 192,403 | (192,500 | ) | 0 | 0 | 0 | ||||||||||||||||||||
June 22, 2006 – common stock issued for stock options at $0.18
|
41,667 | 4 | 7,496 | 0 | 0 | 0 | 7,500 | |||||||||||||||||||||
September 19, 2006 – common stock issued for stock options at $0.09
|
60,000 | 6 | 5,394 | 0 | 0 | 0 | 5,400 | |||||||||||||||||||||
December 13, 2006 – common stock issued for stock options at $0.09
|
200,000 | 20 | 17,980 | 0 | 0 | 0 | 18,000 | |||||||||||||||||||||
December 14, 2006 – common stock issued for consulting services at $0.19
|
100,000 | 10 | 18,990 | 0 | 0 | 0 | 19,000 | |||||||||||||||||||||
Stock based compensation
|
0 | 0 | 66,600 | 0 | 0 | 0 | 66,600 | |||||||||||||||||||||
Unrealized gain on available-for-sale securities
|
0 | 0 | 0 | 0 | 0 | (569 | ) | (569 | ) | |||||||||||||||||||
Deferred compensation expense
|
0 | 0 | 0 | 1,854,517 | 0 | 0 | 1,854,517 | |||||||||||||||||||||
Rounding adjustment
|
21 | (2 | ) | 2 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
Net loss
|
0 | 0 | 0 | 0 | (2,954,033 | ) | 0 | (2,954,033 | ) |
Balance, December 31, 2006
|
15,528,624 | 1,553 | 16,726,244 | (150,490 | ) | (16,905,999 | ) | (684 | ) | (329,376 | ) | |||||||||||||||||
February 1, 2007 – common stock issued for stock options at $0.09
|
170,000 | 17 | 15,283 | 0 | 0 | 0 | 15,300 | |||||||||||||||||||||
April 3, 2007 – common stock issued for stock options at $0.09
|
305,000 | 30 | 27,420 | 0 | 0 | 0 | 27,450 | |||||||||||||||||||||
April 13, 2007 – common stock issued for stock options at $0.09
|
265,000 | 27 | 23,823 | 0 | 0 | 0 | 23,850 | |||||||||||||||||||||
April 30, 2007 – common stock issued for stock options at $0.09
|
250,000 | 25 | 22,475 | 0 | 0 | 0 | 22,500 | |||||||||||||||||||||
April 30, 2007 – common stock issued for consulting services at $0.30
|
7,500 | 1 | 2,249 | 0 | 0 | 0 | 2,250 | |||||||||||||||||||||
June 1, 2007 - common stock issued for private placement at $0.25
|
200,000 | 20 | 49,980 | 0 | 0 | 0 | 50,000 | |||||||||||||||||||||
June 11, 2007 - return and cancellation of common stock
|
(30,000 | ) | (3 | ) | (2,697 | ) | 0 | 0 | 0 | (2,700 | ) | |||||||||||||||||
June 21, 2007 - common stock issued for stock options at $0.09
|
140,000 | 14 | 12,586 | 0 | 0 | 0 | 12,600 | |||||||||||||||||||||
June 26, 2007 – common stock issued for stock options at $0.10
|
200,000 | 20 | 19,980 | 0 | 0 | 0 | 20,000 | |||||||||||||||||||||
July 13, 2007 - common stock issued for stock options at $0.10
|
50,000 | 5 | 4,995 | 0 | 0 | 0 | 5,000 | |||||||||||||||||||||
July 30, 2007 - return and cancellation of common stock
|
(50,000 | ) | (5 | ) | (4,995 | ) | 0 | 0 | 0 | (5,000 | ) | |||||||||||||||||
August 15, 2007 - common stock issued for deferred compensation at $0.18
|
200,000 | 20 | 35,980 | (36,000 | ) | 0 | 0 | 0 | ||||||||||||||||||||
October 26, 2007 - commons stock issued for stock options at $0.09
|
30,000 | 3 | 2,697 | 0 | 0 | 0 | 2,700 | |||||||||||||||||||||
October 26, 2007 - commons stock issued for stock options at $0.10
|
500,000 | 50 | 49,950 | 0 | 0 | 0 | 50,000 | |||||||||||||||||||||
November 1, 2007 - return and cancellation of common stock
|
(250,000 | ) | (25 | ) | (24,975 | ) | 0 | 0 | 0 | (25,000 | ) | |||||||||||||||||
November 2, 2007 - commons stock issued for stock options at $0.10
|
250,000 | 25 | 24,975 | 0 | 0 | 0 | 25,000 | |||||||||||||||||||||
November 7, 2007 - common stock issued for stock options at $0.10
|
400,000 | 40 | 39,960 | 0 | 0 | 0 | 40,000 | |||||||||||||||||||||
November 7, 2007 - return and cancellation of common stock
|
(100,000 | ) | (10 | ) | (9,990 | ) | 0 | 0 | 0 | (10,000 | ) | |||||||||||||||||
November 20, 2007 - return and cancellation of common stock
|
(250,000 | ) | (25 | ) | (24,975 | ) | 0 | 0 | 0 | (25,000 | ) | |||||||||||||||||
November 21, 2007 - commons stock issued for stock options at $0.10
|
250,000 | 25 | 24,975 | 0 | 0 | 0 | 25,000 | |||||||||||||||||||||
November 21, 2007 - common stock issued for private placement at $0.20
|
25,000 | 2 | 4,998 | 0 | 0 | 0 | 5,000 | |||||||||||||||||||||
December 20, 2007 - return and cancellation of common stock
|
(150,000 | ) | (15 | ) | (14,985 | ) | 0 | 0 | 0 | (15,000 | ) | |||||||||||||||||
Stock based compensation
|
0 | 0 | 228,000 | 0 | 0 | 0 | 228,000 | |||||||||||||||||||||
Unrealized gain on available-for-sale securities
|
0 | 0 | 0 | 0 | 0 | 587,218 | 587,218 | |||||||||||||||||||||
Deferred compensation expense
|
0 | 0 | 0 | 84,668 | 0 | 0 | 84,668 | |||||||||||||||||||||
Rounding adjustment
|
170 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Net Loss
|
0 | 0 | 0 | 0 | (422,958 | ) | 0 | (422,958 | ) | |||||||||||||||||||
Balance, December 31, 2007
|
17,941,294 | 1,794 | 17,233,953 | (101,822 | ) | (17,328,957 | ) | 586,534 | 391,502 |
February 27, 2008 – common stock issued for director services at $0.11
|
30,000 | 3 | 3,297 | 3,300 | ||||||||||||||||||||||||
May 16, 2008 - commons stock issued for stock options at $0.10
|
250,000 | 25 | 24,975 | 25,000 | ||||||||||||||||||||||||
June 2, 2008 - commons stock issued for stock options at $0.10
|
375,500 | 37 | 37,513 | 37,550 | ||||||||||||||||||||||||
June 4, 2008 - commons stock issued for stock options at $0.10
|
37,000 | 4 | 3,696 | 3,700 | ||||||||||||||||||||||||
June 18, 2008 – common stock issued for director services at $0.14
|
25,000 | 2 | 3,498 | 3,500 | ||||||||||||||||||||||||
July 21, 2008 - commons stock issued for stock options at $0.10
|
158,230 | 16 | 15,807 | 15,823 | ||||||||||||||||||||||||
September 16, 2008 – common stock issued for director services at $0.04
|
25,000 | 2 | 998 | 1,000 | ||||||||||||||||||||||||
Unrealized gain on available-for-sale securities
|
379,702 | 379,702 | ||||||||||||||||||||||||||
Deferred compensation expense
|
75,293 | 75,293 | ||||||||||||||||||||||||||
Net Loss
|
(245,550 | ) | (245,550 | ) | ||||||||||||||||||||||||
Balance, December 31, 2008
|
18,842,024 | 1,883 | 17,323,737 | (26,529 | ) | (17,574,507 | ) | 966,236 | 690,820 | |||||||||||||||||||
August 10, 2009 - commons stock issued for stock options at $0.04
|
100,000 | 10 | 3,990 | 4,000 | ||||||||||||||||||||||||
October 6, 2009 - common stock issued for stock options at $0.02
|
25,000 | 2 | 498 | 500 | ||||||||||||||||||||||||
October 22, 2009 - common stock issued for stock options at $0.02
|
2,500,000 | 250 | 49,750 | 50,000 | ||||||||||||||||||||||||
November 25, 2009 - common stock issued for stock options at $0.06
|
100,000 | 10 | 5,990 | 6,000 | ||||||||||||||||||||||||
November 30, 2009 - common stock issued for services at $0.07
|
700,000 | 70 | 48,930 | (49,000 | ) | 0 | ||||||||||||||||||||||
December 4, 2009 - common stock issued for stock options at $0.05
|
400,000 | 40 | 19,960 | 20,000 | ||||||||||||||||||||||||
December 16, 2009 - common stock issued for stock options at $0.05
|
275,000 | 28 | 13,722 | 13,750 | ||||||||||||||||||||||||
December 30, 2009 - common stock issued for stock options at $0.03
|
500,000 | 50 | 14,950 | 15,000 | ||||||||||||||||||||||||
Unrealized gain on available-for-sale securities
|
(704,024 | ) | (704,024 | ) | ||||||||||||||||||||||||
Write down of securities
|
(34,170 | ) | (34,170 | ) | ||||||||||||||||||||||||
Realized gain of sale of securities
|
(179,618 | ) | (179,618 | ) | ||||||||||||||||||||||||
Deferred compensation expense
|
30,320 | 30,320 | ||||||||||||||||||||||||||
Net Loss
|
(36,170 | ) | (36,170 | ) |
Balance, December 31,2009 (Restated)
|
23,442,024 | 2,343 | 17,481,527 | (45,209 | ) | (17,610,677 | ) | 48,424 | (123,592 | ) | ||||||||||||||||||
January 25 , 2010 - common stock issued for stock options at $0.04
|
515,000 | 52 | 20,548 | 20,600 | ||||||||||||||||||||||||
April 15 , 2010 - common stock issued for stock options at $0.02
|
1,150,000 | 115 | 22,885 | 23,000 | ||||||||||||||||||||||||
April 20, 2010 - common stock issued for stock options at $0.02
|
2,435,000 | 244 | 48,456 | 48,700 | ||||||||||||||||||||||||
April 26, 2010 - common stock issued for stock options at $0.02
|
700,000 | 70 | 13,930 | 14,000 | ||||||||||||||||||||||||
May 12, 2010 - common stock issued for stock options at $0.02
|
1,325,000 | 132 | 26,368 | 26,500 | ||||||||||||||||||||||||
May 26, 2010 - common stock issued for services at $0.04
|
1,500,000 | 150 | 59,850 | (60,000 | ) | 0 | ||||||||||||||||||||||
August 12, 2010- common stock issued for stock options @ $0.03
|
5,200,000 | 520 | 155,480 | 156,000 | ||||||||||||||||||||||||
October 27, 2010 - common stock issued for options at $0.03
|
250,000 | 25 | 7,475 | 7,500 | ||||||||||||||||||||||||
October 27, 2010 - common stock issued for services at $0.05
|
50,000 | 5 | 2,495 | 2,500 | ||||||||||||||||||||||||
November 4, 2010 - cancellation of common stock issued for stock options at $0.03
|
(500,000 | ) | (50 | ) | (14,950 | ) | (15,000 | ) | ||||||||||||||||||||
November 4, 2010 - common stock issued for options at $0.03
|
500,000 | 50 | 14,950 | 15,000 | ||||||||||||||||||||||||
November 24, 2010 - common stock issued for services at $0.03
|
2,941,667 | 294 | 87,956 | 88,250 | ||||||||||||||||||||||||
December 9, 2010 - common stock issued for services at $0.03
|
415,000 | 42 | 12,408 | 12,450 | ||||||||||||||||||||||||
December 9, 2010 - common stock issued for acquisition at $0.025
|
5,000,000 | 500 | 124,500 | 125,000 | ||||||||||||||||||||||||
December 9, 2010 - cancellation of common stock issued for stock options at $0.03
|
(800,000 | ) | (80 | ) | (23,920 | ) | (24,000 | ) | ||||||||||||||||||||
December 9, 2010 - common stock issued for options at $0.03
|
800,000 | 80 | 23,920 | 24,000 | ||||||||||||||||||||||||
Unrealized gain on available-for-sale securities
|
2,890 | 2,890 | ||||||||||||||||||||||||||
Write down of securities
|
(47,069 | ) | (47,069 | ) | ||||||||||||||||||||||||
Deferred compensation expense
|
49,074 | 49,074 | ||||||||||||||||||||||||||
Net Loss
|
(399,390 | ) | (399,390 | ) | ||||||||||||||||||||||||
Balance, December 31, 2010
|
44,923,691 | 4,492 | 18,063,878 | (56,135 | ) | (18,010,067 | ) | 4,245 | 6,413 | |||||||||||||||||||
January 13, 2011 - common stock issued for services at $0.03
|
275,000 | 28 | 8,222 | 8,250 | ||||||||||||||||||||||||
February 1, 2011 - common stock issued for options at $0.03
|
2,400,000 | 240 | 71,760 | 72,000 | ||||||||||||||||||||||||
March 2, 2011 - common stock issued for options at $0.03
|
3,450,000 | 345 | 103,155 | 103,500 | ||||||||||||||||||||||||
April 18, 2011 - common stock issued for options at $0.035
|
1,650,000 | 165 | 57,585 | 57,750 | ||||||||||||||||||||||||
May 23, 2011- common stock issued for options at $0.03
|
4,500,000 | 450 | 134,550 | 135,000 | ||||||||||||||||||||||||
December 27, 2011 - common stock issued for services at $0.002
|
15,000,000 | 1,500 | 28,500 | (30,000 | ) | 0 | ||||||||||||||||||||||
Unrealized gain on available-for-sale securities
|
32,186 | 32,186 | ||||||||||||||||||||||||||
Write down of securities
|
(34,532 | ) | (34,532 | ) | ||||||||||||||||||||||||
Deferred compensation expense
|
48,635 | 48,635 | ||||||||||||||||||||||||||
Net Loss
|
(393,813 | ) | (393,813 | ) | ||||||||||||||||||||||||
Balance, December 31, 2011
|
72,198,691 | 7,220 | 18,467,650 | (37,500 | ) | (18,403,880 | ) | 1,899 | 35,389 | |||||||||||||||||||
February 3, 2012 - shares issued for Terralene agreement at $0.025
|
2,000,000 | 200 | 49,800 | 50,000 | ||||||||||||||||||||||||
February 3, 2012 - shares issued for options at $0.0025
|
5,000,000 | 500 | 12,000 | 12,500 | ||||||||||||||||||||||||
May 18, 2012 - shares issued for options at $0.002
|
5,200,000 | 520 | 9,880 | 10,400 | ||||||||||||||||||||||||
September 6, 2012- common stock issued for options at $0.001
|
4,800,000 | 480 | 4,320 | 4,800 | ||||||||||||||||||||||||
September 20, 2012 - common stock issued for services at $0.001
|
50,000,000 | 5,000 | 45,000 | (50,000 | ) | 0 | ||||||||||||||||||||||
Unrealized (loss) gain on available-for-sale securities
|
4,281 | 4,281 | ||||||||||||||||||||||||||
Deferred compensation expense
|
34,583 | 34,583 | ||||||||||||||||||||||||||
Net Loss
|
(125,924 | ) | (125,924 | ) | ||||||||||||||||||||||||
Balance, December 31, 2012
|
139,198,691 | 13,920 | 18,588,650 | (52,917 | ) | (18,529,804 | ) | 6,180 | 26,029 |
September 13,
|
||||||||||||
Year ended
|
Year ended
|
1993 (inception)
|
||||||||||
December 31,
|
December 31,
|
to December 31,
|
||||||||||
2012
|
2011
|
2012
|
||||||||||
OPERATING ACTIVITIES
|
|
|||||||||||
Net loss
|
$ | (125,924 | ) | $ | (393,813 | ) | $ | (18,147,836 | ) | |||
Adjustments to reconcile net loss to net cash used in operating activities:
|
||||||||||||
Depreciation
|
- | - | 132,569 | |||||||||
Fees and services paid for with shares
|
34,584 | 254,135 | 5,541,252 | |||||||||
Loss on settlement of debt
|
- | - | 302,500 | |||||||||
Stock-based compensation
|
- | - | 2,208,169 | |||||||||
Non-cash component of URL write-down
|
- | - | 1,214,193 | |||||||||
Resource property acquisition and exploration costs
|
- | - | 763,000 | |||||||||
Film production and development costs
|
- | - | (90,763 | ) | ||||||||
Write-down of technology license
|
- | - | 2,055,938 | |||||||||
Write-off of website development costs
|
- | - | 206,876 | |||||||||
Write-down of film production & development costs
|
- | 1 | 90,763 | |||||||||
Write-off of other assets
|
- | - | 9,657 | |||||||||
Equity loss from Bravo Enterprises Ltd.
|
- | - | 1,394,280 | |||||||||
Write-down of investment in Bravo Enterprises Ltd.
|
- | - | 313,301 | |||||||||
(Gain)/Loss on sale of marketable securities
|
- | - | (216,509 | ) | ||||||||
Loss on impairment of securities
|
- | 34,532 | 115,602 | |||||||||
Dilution gain – Legacy Platinum Group Inc.
|
- | - | (334,087 | ) | ||||||||
Net changes in operating assets and liabilities
|
(28,181 | ) | 6,744 | 294,626 | ||||||||
CASH FLOWS USED IN OPERATING ACTIVITIES
|
(119,521 | ) | (98,401 | ) | (4,146,469 | ) | ||||||
INVESTING ACTIVITIES
|
||||||||||||
Deposit
|
- | - | (75,000 | ) | ||||||||
Technology license
|
- | - | (135,938 | ) | ||||||||
Acquisition of furniture and equipment
|
- | - | (32,696 | ) | ||||||||
Website development costs
|
- | - | (306,876 | ) | ||||||||
Other intangible assets
|
(18,907 | ) | (6,212 | ) | (39,965 | ) | ||||||
Purchase of securities – related parties
|
- | - | (75,603 | ) | ||||||||
Net proceeds from sale of securities – related parties
|
- | - | 380,238 | |||||||||
Net cash on disposition of Legacy Platinum Group Inc.
|
- | - | 209,955 | |||||||||
CASH FLOWS (USED IN) INVESTING ACTIVITIES
|
(18,907 | ) | (6,212 | ) | (75,885 | ) | ||||||
FINANCING ACTIVITIES
|
||||||||||||
Net advances (to)/ from related parties
|
138,574 | 103,850 | 1,097,138 | |||||||||
Net proceeds on sale of common stock
|
- | - | 3,125,423 | |||||||||
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES
|
138,574 | 103,850 | 4,222,561 | |||||||||
NET (DECREASE) INCREASE IN CASH
|
146 | (763 | ) | 207 | ||||||||
CASH, BEGINNING OF YEAR
|
61 | 824 | - | |||||||||
CASH , END OF YEAR
|
$ | 207 | $ | 61 | $ | 207 |
Year ended
December 31,
|
For the period from
January 1,
1996 to
December 31,
|
|||||||||||
2012
|
2011
|
2012
|
||||||||||
NET LOSS
|
$ | (125,924 | ) | $ | (393,813 | ) | $ | (18,147,836 | ) | |||
Unrealized (loss) gain on related party securities
|
4,281 | (2,346 | ) | 6,180 | ||||||||
TOTAL OTHER COMPREHENSIVE INCOME (LOSS), net of tax | 4,281 | (2,346 | ) | 6,180 | ||||||||
COMPREHENSIVE (LOSS ) | $ | (121,643 | ) | $ | (396,159 | ) | $ | (18,141,656 | ) |
* |
Level 1 – inputs are based upon unadjusted quoted prices for identical instruments traded in active markets.
|
* |
Level 2 – inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
|
*
|
Level 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques
|
Fair Value Measurements
|
||||||||||||||||
Level 1
|
Level 2
|
Level 3
|
Total Fair Value
|
|||||||||||||
Assets
|
||||||||||||||||
Cash
|
$ | 207 | $ | - | $ | - | $ | 207 | ||||||||
Available securities
|
9,442 | - | - | 9,442 | ||||||||||||
Intangible Assets
|
- | - | 200,119 | 200,119 | ||||||||||||
Total
|
$ | 9,649 | $ | - | $ | 200,119 | $ | 209,768 | ||||||||
Liabilities
|
||||||||||||||||
Current and long-term debt
|
$ | 183,739 | $ | - | $ | - | $ | 183,739 | ||||||||
Total
|
$ | 183,739 | $ | - | $ | - | $ | 183,739 |
December 31 ,
|
December 31,
|
|||||||
2012
|
2011
|
|||||||
2,345,937 (2011-2,345,937) shares of Legacy Platinum Group Inc.
|
$ | 1,877 | $ | 3,754 | ||||
703,750 (2011- 703,750) shares of Bravo Enterprises Ltd.
|
7,565 | 1,407 | ||||||
$ | 9,442 | $ | 5,161 |
Patents, trademarks, copyright
Formulas, reports, studies
Schematics, proprietary info
Website
Terralene brandname
|
a)
|
On May 15, 2010, the Company entered into an agreement with Domain Land Holdings Ltd. (“Domain”), a private company controlled by a significant shareholder, with a two-year term, whereby Domain provides investment-banking services to the Company (valued at $30,000) in exchange for 750,000 restricted shares of the Company’s common stock. During the year ended December 31, 2011, a total of $5,625 has been expensed (December 31, 2011 - $15,000).
|
b)
|
On May 15, 2010, the Company entered into an agreement with 103244 Alberta Ltd. (“1063244”), a private company controlled by a significant shareholder, with a two-year term, whereby 1063244 provides investor relations services to the Company (valued at $30,000) in exchange for 750,000 restricted shares of the Company’s common stock. During the year ended December 31, 2012, a total of $5,625 has been expensed (December 31, 2011 - $15,000).
|
c)
|
On October 1, 2011, the Company entered into an agreement with a consultant, for a two year term, whereby the consultant provides consulting services to the Company (valued at $10,000) in exchange for 5,000,000 restricted shares of the Company’s common stock. During the year ended December 31, 2012, $5,000 was expensed (December 31, 2011 - $1,250).
|
d)
|
On October 1, 2011, the Company entered into an agreement with Palisades Financial Ltd. (“Palisades”), a private company controlled by a significant shareholder, with a two-year term, whereby Palisades provides investment-banking services to the Company (valued at $10,000) in exchange for 5,000,000 restricted shares of the Company’s common stock. During the year ended December 31, 2012, $5,000 was expensed (December 31, 2011 - $1,250).
|
e)
|
On October 1, 2011 the Company entered into an agreement with Compte de Sierge Accomodative Corp. Limited (“Compte”), a private company controlled by a significant shareholder, with a two-year term, whereby Compte provides investor relations services to the Company (valued at $10,000) in exchange for 5,000,000 restricted shares of the Company’s common stock. During the year ended December 31, 2012, $5,000 was expensed (December 31, 2011 - $1,250).
|
f)
|
On August 30, 2012, the Company entered into an agreement with Domain Land Holdings Ltd. (“Domain”), a private company controlled by a significant shareholder, with a two-year term, whereby Domain provides consulting services to the Company (valued at $25,000) in exchange for 25,000,000 restricted shares of the Company’s common stock. During the year ended December 31, 2012, $4,167 was expensed (December 31, 2011 - $Nil).
|
g)
|
On August 30, 2012, the Company entered into an agreement with a consultant, with a two-year term, whereby the consultant provides consulting services to the Company (valued at $25,000) in exchange for 25,000,000 restricted shares of the Company’s common stock..During the year ended December 31, 2012, $4,167 was expensed (December 31, 2011 - $Nil).
|
Number
of options
|
Weighted Average Exercise Price
|
Weighted Average Remaining Contractual Life
|
||||||||||
Balance, December 31, 2009
|
3,002,517 | $ | 0.20 |
2.67 years
|
||||||||
Granted during 2010
|
14,516,667 | - | ||||||||||
Exercised during 2010
|
(14,516,667 | ) | - | |||||||||
Balance, December 31,2010
|
3,002,517 | - | ||||||||||
Granted during 2011
|
12,000,000 | 0.03 | ||||||||||
Exercised during 2011
|
(12,000,000 | ) | ||||||||||
Balance, December 31, 2011
|
3,002,517 | $ | 0.20 |
2.67 years
|
||||||||
Granted during 2012
|
15,000,000 | 0.03 | ||||||||||
Exercised during 2012
|
(15,000,000 | ) | ||||||||||
Balance, December 31, 2012
|
3,002,517 | $ | 0.20 |
2.67 years
|
Number
of options
|
Weighted Average Exercise Price
|
Weighted Average Remaining Contractual Life
|
||||||||||
Balance, December 31, 2009
|
3,002,517 | $ | 0.20 |
2.67 years
|
||||||||
Granted during 2010
|
14,516,667 | - | ||||||||||
Exercised during 2010
|
(14,516,667 | ) | - | |||||||||
Balance, December 31,2010
|
3,002,517 | - | ||||||||||
Granted during 2011
|
12,000,000 | 0.03 | ||||||||||
Exercised during 2011
|
(12,000,000 | ) | ||||||||||
Balance, December 31, 2011
|
3,002,517 | $ | 0.20 |
2.67 years
|
December 31,
2012
|
December 31,
2011
|
|||||||
Significant shareholders
|
$ | 121,400 | $ | 62,606 |
Payments
|
2013
|
2014
|
2015
|
TOTAL
|
||||||||||||
Office Rent
|
$ | 30,000 | $ | 30,000 | $ | 30,000 | $ | 90,000 |
Year ended
December 31, 2012
|
Year ended
December 31, 2011
|
|||||||
Loss before income taxes
|
$ | (125,924 | ) | $ | (393,813 | ) | ||
Combined federal and state corporate tax rate
|
42.7 | % | 42.7 | % | ||||
Expected tax expense (recovery)
|
(53,770 | ) | (168,158 | ) | ||||
Non-deductible stock based compensation
|
97,000 | 97,000 | ||||||
Change in valuation allowance
|
8,000 | 8,000 | ||||||
Income tax provision
|
$ | - | $ | - |
2012
|
2011
|
|||||||
Non-capital loss carry forwards
|
$ | 7,273,000 | $ | 7,273,000 | ||||
Valuation allowance
|
(7,273,000 | ) | (7,273,000 | ) | ||||
Net deferred tax asset
|
$ | - | $ | - |
2012
|
2011
|
|||||||
Interest
|
$ | - | $ | - | ||||
Income taxes
|
$ | - | $ | - |
Name and Address
|
Age
|
Position
|
|
Date of Appointment
|
||
Jaclyn Cruz
|
37
|
President & Director & CEO
|
November 18, 2008
|
|||
Matt Kelly
|
39
|
Secretary, Treasurer
& Director & CFO
|
February 1, 2012
|
Name and
Principal
Position
|
Year
|
Salary (US$)
|
Bonus (US$)
|
Stock Awards (US$)
|
Option Awards (US$)
|
Non-Equity Incentive Plan Compensation (US$)
|
Nonqualified Deferred Compensation Earnings (US$)
|
All Other Compensation (US$)
|
Total (US
$)
|
|||||||||||||||||||||||||
Jaclyn
|
2009
|
1,000 | 0 | 1,000 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Cruz
|
2010
|
6,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
President
|
2011
|
4,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
2012
|
3,015 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||
Matt
Kelly
|
2011
|
1,000 | 0 | 750 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Secretay
|
2012
|
1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Sharon
|
||||||||||||||||||||||||||||||||||
Deutsch
|
||||||||||||||||||||||||||||||||||
Director
|
2011
|
1,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
**
|
2012
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Name of
|
Amount & Nature of
|
Percent of Class
|
|||||||
Title of Class
|
Beneficial Owner
|
Beneficial Owner
|
Common Stock
|
|||||||
|
||||||||||
Jaclyn Cruz
|
P.O. Box 63
|
25,000 | 0.00 | % | ||||||
President/.Director/CEO
|
Farmingville, New York
|
|||||||||
11738 | ||||||||||
Sharon Deutsch
|
35 South Ocean Avenue
|
- | 0.00 | % | ||||||
Secretary /Director /CFO
|
Patchogue, New York
|
|||||||||
(resigned February 1, 2012)
|
11772
|
|||||||||
Matt Kelly
|
123 Van Horne Ave.
|
- | 0.00 | % | ||||||
Secretary /Director /CFO
|
Holbrook, New York
|
|||||||||
(appointed February 1, 2012)
|
11741
|
|||||||||
All directors and Officers as a group
|
|
25,000 | 0.00 | % |
2012
|
2011
|
|||||||
Significant shareholders
|
$ | 121,400 | $ | 62,606 |
2012: | $18,600 |
2011: | $19,100 |
2012: | $0 |
2011: | $0 |
2012: | $0 |
2011: | $0 |
2012: | $0 |
2011: | $0 |
Exhibit 31.1 - |
Section 906 Certification of Periodic Report of the Chief
Executive Officer
|
Exhibit 31.2 - |
Section 906 Certification of Periodic Report of the Chief
Financial Officer
|
Exhibit 32.1 - |
Section 302 Certification of Periodic Report of the Chief
Executive Officer
|
Exhibit 32.2 - |
Section 302 Certification of Periodic Report of the Chief
Financial Officer
|
101.INS **
|
XBRL Instance Document
|
101.SCH **
|
XBRL Taxonomy Extension Schema Document
|
101.CAL **
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
101.DEF **
|
XBRL Taxonomy Extension Definition Linkbase Document
|
101.LAB **
|
XBRL Taxonomy Extension Label Linkbase Document
|
101.PRE **
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
Terralene Fuels Corporation
a Delaware corporation
|
|||
By:
|
/s/: Jaclyn Cruz | ||
Jaclyn Cruz
|
|||
Its: | President and Director |
/s/: Jaclyn Cruz | Date: April 15, 2013 | ||
Jaclyn Cruz | |||
President and Director | |||
/s/: Matt Kelly | Date: April 15, 2013 | ||
Matt Kelly, | |||
Secretary & Treasurer and Director |
1 Year Golden Star Enterprises (PK) Chart |
1 Month Golden Star Enterprises (PK) Chart |
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