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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/30/22 Applied Minerals, Inc. 10-Q 9/30/22 72:11M DataTracks Svcs Ltd./FA |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 4.39M 2: EX-10.1 Material Contract HTML 77K 11: EX-10.10 Material Contract HTML 73K 3: EX-10.2 Material Contract HTML 73K 4: EX-10.3 Material Contract HTML 74K 5: EX-10.4 Material Contract HTML 65K 6: EX-10.5 Material Contract HTML 31K 7: EX-10.6 Material Contract HTML 35K 8: EX-10.7 Material Contract HTML 22K 9: EX-10.8 Material Contract HTML 22K 10: EX-10.9 Material Contract HTML 117K 16: EX-95 Mine-Safety Disclosure HTML 20K 12: EX-31.1 Certification -- §302 - SOA'02 HTML 23K 13: EX-31.2 Certification -- §302 - SOA'02 HTML 23K 14: EX-32.1 Certification -- §906 - SOA'02 HTML 19K 15: EX-32.2 Certification -- §906 - SOA'02 HTML 19K 22: R1 Cover Page HTML 66K 23: R2 Consolidated Balance Sheets HTML 126K 24: R3 Consolidated Balance Sheets (Parenthetical) HTML 42K 25: R4 Consolidated Statements of Operations HTML 86K 26: R5 Consolidated Statements of Changes in HTML 110K Stockholders' Deficit 27: R6 Consolidated Statements of Cash Flows HTML 124K 28: R7 Organization and Description of Business HTML 58K 29: R8 Going Concern and Basis of Presentation HTML 25K 30: R9 Basis of Reporting and Significant Accounting HTML 75K Policies 31: R10 Leases HTML 93K 32: R11 Deposits HTML 43K 33: R12 Notes Payable HTML 80K 34: R13 Convertible Debt HTML 135K 35: R14 Stockholders' Equity HTML 42K 36: R15 Options and Warrants to Purchase Common Stock HTML 268K 37: R16 Per Share Data HTML 25K 38: R17 Subsequent Events HTML 26K 39: R18 Basis of Reporting and Significant Accounting HTML 99K Policies (Policies) 40: R19 Basis of Reporting and Significant Accounting HTML 38K Policies (Tables) 41: R20 Leases (Tables) HTML 96K 42: R21 Deposit (Tables) HTML 42K 43: R22 Notes Payable (Tables) HTML 74K 44: R23 Convertible Debt (Tables) HTML 109K 45: R24 Options and Warrants to Purchase Common Stock HTML 262K (Tables) 46: R25 Organization and Description of Business (Details HTML 94K Textual) 47: R26 Basis of Reporting and Significant Accounting HTML 30K Policies (Details) 48: R27 Basis of Reporting and Significant Accounting HTML 28K Policies (Details Textual) 49: R28 Leases (Details) HTML 25K 50: R29 Leases (Details 1) HTML 35K 51: R30 Leases (Details 2) HTML 35K 52: R31 Leases (Details Textual) HTML 23K 53: R32 Deposits (Details) HTML 25K 54: R33 Notes Payable (Details) HTML 29K 55: R34 Notes Payable - Summary of Note Payable (Details) HTML 24K (Parenthetical) 56: R35 Notes Payable (Details Textual) HTML 69K 57: R36 Convertible Debt (Details) HTML 41K 58: R37 Convertible Debt (Details 1) HTML 34K 59: R38 Convertible Debt (Details Textual) HTML 96K 60: R39 Stockholders' Equity (Details Textual) HTML 89K 61: R40 Options and Warrants to Purchase Common Stock HTML 42K (Details) 62: R41 Options and Warrants to Purchase Common Stock HTML 41K (Details 1) 63: R42 Options and Warrants to Purchase Common Stock HTML 40K (Details 3) 64: R43 Options and Warrants to Purchase Common Stock HTML 51K (Details 4) 65: R44 Options and Warrants to Purchase Common Stock HTML 58K (Details Textual) 66: R45 Per Share Data (Details Textual) HTML 29K 67: R46 Subsequent Events (Details Textual) HTML 43K 70: XML IDEA XML File -- Filing Summary XML 111K 68: XML XBRL Instance -- amnl-20220930_htm XML 1.90M 69: EXCEL IDEA Workbook of Financial Reports XLSX 116K 18: EX-101.CAL XBRL Calculations -- amnl-20220930_cal XML 105K 19: EX-101.DEF XBRL Definitions -- amnl-20220930_def XML 827K 20: EX-101.LAB XBRL Labels -- amnl-20220930_lab XML 989K 21: EX-101.PRE XBRL Presentations -- amnl-20220930_pre XML 903K 17: EX-101.SCH XBRL Schema -- amnl-20220930 XSD 161K 71: JSON XBRL Instance as JSON Data -- MetaLinks 348± 508K 72: ZIP XBRL Zipped Folder -- 0001575872-22-001194-xbrl Zip 396K
Applied Minerals, Inc. |
i x |
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 |
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For the quarterly period ended |
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i ¨ |
Transition report under section 13 or 15(d) of the Exchange Act |
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For the transition period from |
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to |
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Commission File Number |
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i APPLIED MINERALS, INC. |
(Exact name of registrant as specified in its charter) |
i Delaware |
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i 82-0096527 |
(State or other jurisdiction of incorporation or organization) |
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(I. R. S. Employer Identification No.) |
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i 84628 |
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(Address of principal executive offices) |
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(Zip Code) |
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( i 435) i 433-2059 |
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(Issuer’s Telephone Number, Including Area Code) |
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Large Accelerated Filer |
¨ |
Accelerated Filer |
¨ |
i Non-accelerated Filer |
¨ |
Smaller Reporting Company |
i x |
Emerging growth company |
i ¨ |
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Page(s) |
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Item 1. |
Consolidated Financial Statements |
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2 |
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(unaudited) |
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ASSETS |
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|
|
|
|
|
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Current Assets |
|
|
|
|
|
|
|
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Cash |
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$ |
i 729,828 |
|
|
$ |
i 74,253 |
|
Accounts receivable |
|
|
i 92,575 |
|
|
|
i 34,309 |
|
Deposits and prepaid expenses |
|
|
i 20,452 |
|
|
|
i 161,999 |
|
Total Current Assets |
|
|
i 842,855 |
|
|
|
i 270,561 |
|
|
|
|
|
|
|
|
|
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Land |
|
|
i 500,000 |
|
|
|
i 500,000 |
|
Operating lease right-of-use asset |
|
|
i - |
|
|
|
i 28,111 |
|
Finance lease right-of-use asset |
|
|
i 33,893 |
|
|
|
i 42,821 |
|
|
|
|
|
|
|
|
|
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Other Assets |
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|
|
|
|
|
|
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Deposits |
|
|
i 297,320 |
|
|
|
i 336,328 |
|
Total Other Assets |
|
|
i 297,320 |
|
|
|
i 336,328 |
|
|
|
|
|
|
|
|
|
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TOTAL ASSETS |
|
$ |
i 1,674,068 |
|
|
$ |
i 1,177,821 |
|
|
|
|
|
|
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|
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LIABILITIES AND STOCKHOLDERS’ DEFICIT |
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|
|
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|
|
|
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Current Liabilities |
|
|
|
|
|
|
|
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Accounts payable and accrued liabilities |
|
$ |
i 1,306,219 |
|
|
$ |
i 3,017,454 |
|
PIK Note interest accrual |
|
|
i 623,690 |
|
|
|
i 372,028 |
|
Current portion of PIK Notes payable, net of $ i 365,529 debt discount |
|
|
i 48,298,591 |
|
|
|
- |
|
Current portion of notes payable |
|
|
i 110,880 |
|
|
|
i 112,835 |
|
Current portion of finance lease liabilities |
|
|
i 12,519 |
|
|
|
i 11,986 |
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Current portion of operating lease liabilities |
|
|
i - |
|
|
|
i 29,085 |
|
Total Current Liabilities |
|
|
i 50,351,899 |
|
|
|
i 3,543,388 |
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|
|
|
|
|
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Long-Term Liabilities |
|
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|
|
|
|
|
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PIK Notes payable, net of $ i 681,102 debt discount |
|
|
- |
|
|
|
i 47,004,480 |
|
Deferred revenue |
|
|
i 1,000,000 |
|
|
|
i 1,000,000 |
|
Finance lease liabilities |
|
|
i 21,373 |
|
|
|
i 30,835 |
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Total Long-Term Liabilities |
|
|
i 1,021,373 |
|
|
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i 48,035,315 |
|
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|
|
|
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TOTAL LIABILITIES |
|
|
i 51,373,272 |
|
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i 51,578,703 |
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|
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Stockholders’ Deficit |
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|
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Preferred stock, $ i i 0.001 /
par value, i i 10,000,000 / shares authorized, and i i 164,000 /
and i i 262,000 / shares issued and outstanding at June
30, 2022 and December 31, 2021, respectively |
|
|
i 78 |
|
|
|
i 262 |
|
Common stock, $ i i 0.001 /
par value, i i 700,000,000 / shares authorized, and i i 366,974,683 /
and i i 217,655,150 / shares issued and outstanding at September
30, 2022 and December 31, 2021, respectively ( i i 208,818,846 /
reserved in Treasury) |
|
|
i 366,974 |
|
|
|
i 217,654 |
|
Additional paid-in capital |
|
|
i 76,937,697 |
|
|
|
i 74,686,581 |
|
Accumulated deficit prior to the exploration stage |
|
|
( i 20,009,496 |
) |
|
|
( i 20,009,496 |
) |
Accumulated deficit during the exploration stage |
|
|
( i 106,994,457 |
) |
|
|
( i 105,295,883 |
) |
Total Stockholders’ Deficit |
|
|
( i 49,699,204 |
) |
|
|
( i 50,400,882 |
) |
|
|
|
|
|
|
|
|
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TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT |
|
$ |
i 1,674,068 |
|
|
$ |
i 1,177,821 |
|
3 |
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For the Three Months Ended September 30, |
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For the Nine Months Ended September 30, |
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||||||||||
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2021 |
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2022 |
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2021 |
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REVENUES |
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$ |
i 111,688 |
|
|
$ |
i 360,815 |
|
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$ |
i 295,838 |
|
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$ |
i 1,099,980 |
|
|
|
|
|
|
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|
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OPERATING EXPENSES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Production costs |
|
|
i 140,123 |
|
|
|
i 434,225 |
|
|
|
i 451,418 |
|
|
|
i 1,315,350 |
|
Exploration costs |
|
|
i 16,098 |
|
|
|
i 47,866 |
|
|
|
i 266,111 |
|
|
|
i 175,715 |
|
General and administrative |
|
|
i 341,847 |
|
|
|
i 443,503 |
|
|
|
i 1,082,953 |
|
|
|
i 1,244,975 |
|
|
|
|
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|
|
|
|
|
|
|
|
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Total Operating Expenses |
|
|
i 498,068 |
|
|
|
i 925,594 |
|
|
|
i 1,800,482 |
|
|
|
i 2,736,040 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Operating Loss |
|
|
( i 386,380 |
) |
|
|
( i 564,779 |
) |
|
|
( i 1,504,644 |
) |
|
|
( i 1,636,060 |
) |
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OTHER INCOME (EXPENSES): |
|
|
|
|
|
|
|
|
|
|
|
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|
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Interest expense, net (including amortization of deferred financing cost and debt discount) |
|
|
( i 643,933 |
) |
|
|
( i 474,579 |
) |
|
|
( i 1,596,548 |
) |
|
|
( i 1,401,878 |
) |
Gain on forgiveness of PPP loan |
|
|
- |
|
|
|
i - |
|
|
|
i - |
|
|
|
i 223,075 |
|
Gain on sale of iron oxide assets |
|
|
i 1,938,000 |
|
|
|
- |
|
|
|
i 1,938,000 |
|
|
|
i - |
|
Other income (expense) , net |
|
|
( i 716,800 |
) |
|
|
i 20,308 |
|
|
|
( i 535,382 |
) |
|
|
i 114,662 |
|
Total Other Income (Expense) |
|
|
i 577,267 |
|
|
|
( i 454,271 |
) |
|
|
( i 193,930 |
) |
|
|
( i 1,064,141 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
|
$ |
i 190,887 |
|
|
$ |
( i 1,019,050 |
) |
|
$ |
( i 1,698,574 |
) |
|
$ |
( i 2,700,201 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
Net Income ( Loss ) Per Common Share (Basic and Diluted) |
|
$ |
i i 0.00 / |
|
|
$ |
( i i 0.01 / |
) |
|
$ |
( i i 0.01 / |
) |
|
$ |
( i i 0.02 / |
) |
|
|
|
|
|
|
|
|
|
|
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|
|
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Weighted Average Common Shares Outstanding (Basic and Diluted) |
|
|
i i 321,090,805 / |
|
|
|
i i 199,138,961 / |
|
|
|
i i 276,820,927 / |
|
|
|
i i 194,202,348 / |
|
4 |
|
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Three Months Ended |
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|||||||||||||||||||||||||||||
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Common Stock Shares |
|
|
Common Stock Amount |
|
|
Preferred Stock Shares |
|
|
Preferred Stock Amount |
|
|
Additional Paid-in Capital |
|
|
Accumulated Deficit Prior to Exploration Stage |
|
|
Accumulated Deficit During Exploration Stage |
|
|
Total Stockholders’ Deficit |
|
||||||||
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|
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|
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||||||||
Balance, June 30, 2022 |
|
|
i 285,787,382 |
|
|
$ |
i 285,786 |
|
|
|
i 164,000 |
|
|
$ |
i 164 |
|
|
$ |
i 74,861,487 |
|
|
$ |
( i 20,009,496 |
) |
|
$ |
( i 107,185,344 |
) |
|
$ |
( i 52,047,403 |
) |
|
|
|
|
|
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|
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|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
Shares issued upon conversion of Series B Preferred Stock |
|
|
i 43,409,524 |
|
|
|
i 43,410 |
|
|
|
( i 86,000 |
) |
|
|
( i 86 |
) |
|
|
( i 43,324 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beneficial conversion feature on Convertible Series B Preferred Stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
i 51,929 |
|
|
|
- |
|
|
|
- |
|
|
|
i 51,929 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deemed dividend from beneficial conversion feature on Convertible Series B Preferred Stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
( i 51,929 |
) |
|
|
- |
|
|
|
- |
|
|
|
( i 51,929 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued as part of liability settlement |
|
|
i 17,777,777 |
|
|
|
i 17,778 |
|
|
|
- |
|
|
|
- |
|
|
|
i 56,889 |
|
|
|
- |
|
|
|
- |
|
|
|
i 74,667 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forgiveness of related party liabilities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
i 1,991,061 |
|
|
|
- |
|
|
|
- |
|
|
|
i 1,991,061 |
|
|
|
|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued to BMI Minerals Company |
|
|
i 20,000,000 |
|
|
|
i 20,000 |
|
|
|
- |
|
|
|
- |
|
|
|
i 42,000 |
|
|
|
- |
|
|
|
- |
|
|
|
i 62,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share issuance cost |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
( i 20,000 |
) |
|
|
- |
|
|
|
- |
|
|
|
( i 20,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock based compensation |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
i 49,584 |
|
|
|
- |
|
|
|
- |
|
|
|
i 49,584 |
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
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|
|
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|
|
|
|
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|
|
|
Net Income |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
i 190,887 |
|
|
|
i 190,887 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, September 30, 2022 |
|
|
i 366,974,683 |
|
|
$ |
i 366,974 |
|
|
|
i 78,000 |
|
|
$ |
i 78 |
|
|
$ |
i 76,937,697 |
|
|
$ |
( i 20,009,496 |
) |
|
$ |
( i 106,994,457 |
) |
|
$ |
( i 49,699,204 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, June 30, 2021 |
|
|
i 195,105,088 |
|
|
$ |
i 195,105 |
|
|
|
i 176,136 |
|
|
|
i 176 |
|
|
$ |
i 74,256,128 |
|
|
$ |
( i 20,009,496 |
) |
|
$ |
( i 103,693,795 |
) |
|
$ |
( i 49,251,882 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued upon conversion of Series B Preferred Stock |
|
|
i 9,638,661 |
|
|
|
i 9,638 |
|
|
|
( i 95,000 |
) |
|
|
( i 95 |
) |
|
|
( i 8,843 |
) |
|
|
- |
|
|
|
- |
|
|
|
i 700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares of Series B Preferred Stock issued in private placement |
|
|
- |
|
|
|
- |
|
|
|
i 176,000 |
|
|
|
i 176 |
|
|
|
i 199,824 |
|
|
|
- |
|
|
|
- |
|
|
|
i 200,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beneficial conversion feature on Convertible Series B Preferred Stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
i 112,525 |
|
|
|
- |
|
|
|
- |
|
|
|
i 112,525 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deemed dividend from beneficial conversion feature on Convertible Series B Preferred Stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
( i 112,525 |
) |
|
|
- |
|
|
|
- |
|
|
|
( i 112,525 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock option compensation expense |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
i 147,172 |
|
|
|
- |
|
|
|
- |
|
|
|
i 147,172 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
( i 1,019,050 |
) |
|
|
( i 1,019,050 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, September 30, 2021 |
|
|
i 204,743,749 |
|
|
$ |
i 204,743 |
|
|
|
i 257,136 |
|
|
$ |
i 257 |
|
|
$ |
i 74,594,281 |
|
|
$ |
( i 20,009,496 |
) |
|
$ |
( i 104,712,845 |
) |
|
$ |
( i 49,923,060 |
) |
5 |
|
|
Nine Months Ended |
|
|||||||||||||||||||||||||||||
|
|
Common Stock Shares |
|
|
Common Stock Amount |
|
|
Preferred Stock Shares |
|
|
Preferred Stock Amount |
|
|
Additional Paid-in Capital |
|
|
Accumulated Deficit Prior to Exploration Stage |
|
|
Accumulated Deficit During Exploration Stage |
|
|
Total Stockholders’ Deficit |
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Balance, December 31, 2021 |
|
|
i 217,655,150 |
|
|
$ |
i 217,654 |
|
|
|
i 262,000 |
|
|
$ |
i 262 |
|
|
$ |
i 74,686,581 |
|
|
$ |
( i 20,009,496 |
) |
|
$ |
( i 105,295,883 |
) |
|
$ |
( i 50,400,882 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued for conversion of Series B Preferred Stock |
|
|
i 96,797,312 |
|
|
|
i 96,798 |
|
|
|
( i 262,000 |
) |
|
|
( i 262 |
) |
|
|
( i 96,536 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares of Series B Preferred Stock issued in private placement |
|
|
- |
|
|
|
- |
|
|
|
i 78,000 |
|
|
|
i 78 |
|
|
|
i 74,922 |
|
|
|
- |
|
|
|
- |
|
|
|
i 75,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beneficial conversion feature on Convertible Series B Preferred Stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
i 77,876 |
|
|
|
- |
|
|
|
- |
|
|
|
i 77,876 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deemed dividend from beneficial conversion feature on Convertible Series B Preferred Stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
( i 77,876 |
) |
|
|
- |
|
|
|
- |
|
|
|
( i 77,876 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued as part of liability settlement |
|
|
i 22,222,221 |
|
|
|
i 22,222 |
|
|
|
- |
|
|
|
- |
|
|
|
i 106,223 |
|
|
|
- |
|
|
|
- |
|
|
|
i 128,445 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forgiveness of related party liability |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
i 1,991,061 |
|
|
|
- |
|
|
|
- |
|
|
|
i 1,991,061 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued to BMI Minerals Company |
|
|
i 20,000,000 |
|
|
|
i 20,000 |
|
|
|
- |
|
|
|
- |
|
|
|
i 42,000 |
|
|
|
- |
|
|
|
- |
|
|
|
i 62,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share issuance cost |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
( i 20,000 |
) |
|
|
- |
|
|
|
- |
|
|
|
( i 20,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of shares for debt issuance cost |
|
|
i 300,000 |
|
|
|
i 300 |
|
|
|
- |
|
|
|
- |
|
|
|
i 1,440 |
|
|
|
- |
|
|
|
- |
|
|
|
i 1,740 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of shares of common stock for consulting services |
|
|
i 10,000,000 |
|
|
|
i 10,000 |
|
|
|
- |
|
|
|
- |
|
|
|
i 60,000 |
|
|
|
- |
|
|
|
- |
|
|
|
i 70,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock option compensation expense |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
i 92,006 |
|
|
|
- |
|
|
|
- |
|
|
|
i 92,006 |
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
( i 1,698,574 |
) |
|
|
( i 1,698,574 |
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, September 30, 2022 |
|
|
i 366,974,683 |
|
|
$ |
i 366,974 |
|
|
|
i 78,000 |
|
|
$ |
i 78 |
|
|
$ |
i 76,937,697 |
|
|
$ |
( i 20,009,496 |
) |
|
$ |
( i 106,994,457 |
) |
|
$ |
( i 49,699,204 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2020 |
|
|
i 183,938,549 |
|
|
$ |
i 183,939 |
|
|
|
i 128,000 |
|
|
|
i 128 |
|
|
$ |
i 74,008,636 |
|
|
$ |
( i 20,009,496 |
) |
|
$ |
( i 102,012,644 |
) |
|
$ |
( i 47,829,437 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued upon conversion of Series B Preferred Stock |
|
|
i 15,805,934 |
|
|
|
i 15,805 |
|
|
|
( i 223,000 |
) |
|
|
( i 223 |
) |
|
|
( i 7,202 |
) |
|
|
- |
|
|
|
- |
|
|
|
i 8,380 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares of Series B Preferred Stock issued in private placement |
|
|
- |
|
|
|
- |
|
|
|
i 352,136 |
|
|
|
i 352 |
|
|
|
i 384,648 |
|
|
|
- |
|
|
|
- |
|
|
|
i 385,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beneficial conversion feature on Convertible Series B Preferred Stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
i 225,137 |
|
|
|
- |
|
|
|
- |
|
|
|
i 225,137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deemed dividend from beneficial conversion feature on Convertible Series B Preferred Stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
( i 225,137 |
) |
|
|
- |
|
|
|
- |
|
|
|
( i 225,137 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued for cashless option exercise |
|
|
i 3,836,475 |
|
|
|
i 3,836 |
|
|
|
- |
|
|
|
- |
|
|
|
( i 3,836 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued in lieu of employee bonus |
|
|
i 1,162,791 |
|
|
|
i 1,163 |
|
|
|
- |
|
|
|
- |
|
|
|
i 56,977 |
|
|
|
- |
|
|
|
- |
|
|
|
i 58,140 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock compensation expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i 155,058 |
|
|
|
|
|
|
|
|
|
|
|
i 155,058 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
( i 2,700,201 |
) |
|
|
( i 2,700,201 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, September 30, 2021 |
|
|
i 204,743,749 |
|
|
$ |
i 204,743 |
|
|
|
i 257,136 |
|
|
$ |
i 257 |
|
|
$ |
i 74,594,281 |
|
|
$ |
( i 20,009,496 |
) |
|
$ |
( i 104,712,845 |
) |
|
$ |
( i 49,923,060 |
) |
6 |
|
|
For the Nine Months Ended |
|
|||||
|
|
|
||||||
|
|
|
|
2021 |
|
|||
|
|
|
|
|
|
|
||
Cash Flows from Operating Activities: |
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ |
( i 1,698,574 |
) |
|
$ |
( i 2,700,201 |
) |
Adjustments to reconcile net loss to net cash used in operations: |
|
|
|
|
|
|
|
|
Depreciation of finance lease |
|
|
i 8,928 |
|
|
|
i 4,869 |
|
Amortization of debt discount |
|
|
i 9,566 |
|
|
|
i - |
|
Amortization of discount - PIK Notes |
|
|
i 315,573 |
|
|
|
i 299,426 |
|
Accrued interest on PIK Notes |
|
|
i 1,238,435 |
|
|
|
i 1,036,691 |
|
Stock issued for settlement of liabilities |
|
|
i 128,445 |
|
|
|
i - |
|
Stock based compensation expense |
|
|
i 162,006 |
|
|
|
i 213,199 |
|
Non-cash lease expense |
|
|
i 28,111 |
|
|
|
i 80,518 |
|
Gain on sale of obsolete equipment |
|
|
( i 50,000 |
) |
|
|
i - |
|
Gain on sale of iron oxide assets |
|
|
( i 1,938,000 |
) |
|
|
i - |
|
Stock issued for interest |
|
|
i - |
|
|
|
i 8,379 |
|
Gain on forgiveness of PPP loan |
|
|
i - |
|
|
|
( i 223,075 |
) |
Change in operating assets and liabilities: |
|
|
|
|
|
|
|
|
Accounts receivable |
|
|
( i 58,266 |
) |
|
|
i 43,302 |
|
Deposits and prepaids |
|
|
i 180,555 |
|
|
|
i 158,493 |
|
Operating lease liabilities |
|
|
( i 29,085 |
) |
|
|
( i 82,584 |
) |
Financing lease liabilities |
|
|
( i 9,076 |
) |
|
|
i - |
|
Accounts payable and accrued liabilities |
|
|
i 271,591 |
|
|
|
i 187,151 |
|
Net cash (used in) provided by operating activities |
|
|
( i 1,439,791 |
) |
|
|
( i 973,832 |
) |
|
|
|
|
|
|
|
|
|
Cash Flows from Investing Activities: |
|
|
|
|
|
|
|
|
Proceeds from sale of equipment |
|
|
i 50,000 |
|
|
|
i - |
|
Proceeds from sale of iron oxide assets |
|
|
i 1,938,000 |
|
|
|
i - |
|
Net cash provided by (used in) in vestin g activities |
|
|
i 1,988,000 |
|
|
|
i - |
|
|
|
|
|
|
|
|
|
|
Cash Flows from Financing Activities: |
|
|
|
|
|
|
|
|
Payments on finance lease liability |
|
|
( i 5,882 |
) |
|
|
( i 6,029 |
) |
Proceeds from notes payable |
|
|
i 200,000 |
|
|
|
i - |
|
Proceeds from Paycheck Protection Program loan |
|
|
i - |
|
|
|
i 264,472 |
|
Payments on notes payable |
|
|
( i 90,917 |
) |
|
|
i - |
|
Proceeds from private placement of Series B Preferred Stock |
|
|
i 75,000 |
|
|
|
i 385,000 |
|
Proceeds from sale of shares of common stock , net of issuance costs |
|
|
i 42,000 |
|
|
|
i - |
|
Payments on insurance financing |
|
|
( i 112,835 |
) |
|
|
( i 133,081 |
) |
Net cash provided by (used in) financing activities |
|
|
i 107,366 |
|
|
|
i 510,362 |
|
|
|
|
|
|
|
|
|
|
Net change in cash |
|
|
i 655,575 |
|
|
|
( i 463,470 |
) |
|
|
|
|
|
|
|
|
|
Cash at beginning of period |
|
|
i 74,253 |
|
|
|
i 669,560 |
|
|
|
|
|
|
|
|
|
|
Cash at end of period |
|
$ |
i 729,828 |
|
|
$ |
i 206,090 |
|
|
|
|
|
|
|
|
|
|
Supplemental disclosure of cash flow information: |
|
|
|
|
|
|
|
|
Cash paid for interest |
|
$ |
i 31,470 |
|
|
$ |
i 6,037 |
|
Cash paid for income taxes |
|
$ |
i - |
|
|
$ |
i - |
|
|
|
|
|
|
|
|
|
|
Supplemental disclosure of non-cash financing activity: |
|
|
|
|
|
|
|
|
Capitalization of ROU asset and finance leas e liability |
|
$ |
i - |
|
|
$ |
i 51,733 |
|
Boral settlement payable |
|
$ |
( i 8,235 |
) |
|
$ |
i - |
|
Forgiveness of related party liabilities |
|
$ |
i 1,991,061 |
|
|
$ |
i -
|
|
Deemed dividend on convertible Preferred Stock Series B due to BCF |
|
$ |
i 77,876 |
|
|
$ |
i 225,137 |
|
Accrued PIK interest paid through issuance of PIK Notes |
|
$ |
i 986,774 |
|
|
$ |
i 943,990 |
|
Stock issued for cashless options exercised |
|
$ |
i 1,740 |
|
|
$ |
i 3,836 |
|
Common stock issued upon conversion of Series B Preferred Stock |
|
$ |
i 96,798 |
|
|
$ |
i - |
|
7 |
8 |
9 |
10 |
|
|
Estimated |
|
|
|
|
Useful Life (years) |
|
|
Building and Building Improvements |
|
|
i 5 – i 40 |
|
Mining equipment |
|
|
i 2 – i 7 |
|
Office and shop furniture and equipment |
|
|
i 3 – i 7 |
|
Vehicles |
|
|
i 5 |
|
11 |
12 |
13 |
Supplemental cash flow information related to leases: | Three
months ended September 30, 2022 | Nine months ended | ||||||
Finance
cash flows from finance lease | $ | ( i 3,161 | ) | $ | ( i 9,076 | ) | ||
Operating
cash flows from finance lease | $ | i 3,161 | $ | i 9,076 |
Supplemental balance sheet information related to leases: | As
of September 30, 2022 | |||
Finance lease Right-of-use assets | $ | i 33,893 | ||
Current
portion of finance lease liabilities | $ | i 12,519 | ||
Long-term finance lease liabilities | i 21,374 | |||
Total
finance lease liabilities | $ | i 33,893 | ||
Weighted
average remaining operating lease term | i 2.50 years | |||
Weighted average discount rate | i 6 | % |
2022 (remaining three months) | $ | i 3,525 | ||
2023 | i 14,099 | |||
2024
| i 14,099 | |||
2025 | i 4,700 | |||
Total
lease payments | i 36,423 | |||
Less: imputed interest | ( i 2,530 | ) | ||
Total
lease liabilities | $ | i 33,893 |
Cash Bond (Mine Permit deposit) | $ | i 297,320 | $ | i 297,160 | ||||
Office
Lease Security Deposit | i - | i 39,168 | ||||||
Total | $ | i 297,320 | $ | i 336,328 |
14 |
Note
payable to insurance companies, payable $ i 1,780 and $ i 12,804
monthly, (a) | $ | i - | $ | i 112,835 | ||||
Promissory
note (b) | $ | i 31,399 | $ | i - | ||||
Loan
payable (c) | $ | i 79,481 | $ | |||||
$ | i 110,880 | $ | i 112,835 | |||||
Less:
Current Portion | $ | ( i 110,880 | ) | $ | ( i 112,835 | ) | ||
Notes
Payable, Long-Term Portion | $ | i - | $ | i - |
(a) | In October 2021, the Company entered into two notes payable with interest rates of i 4.04% and i 6.29%
with an insurance company for liability insurance, payable in i 10 monthly installment payments, which started in November 2021. |
(b) | In January 2022, the Company entered into a promissory note agreement for $ i 90,000,
including an original issue discount of i 16.7% resulting in net proceeds of $ i 75,000. The annual interest rate is i 10%. Principal
and interest is due to the lender in seven equal monthly payments of $ i 14,142.50 commencing on June 24, 2022 until the promissory note is paid in full no later than i January
24, 2023. In the event of default, the lender will have the right to convert the outstanding principal and interest into stock at a price equal to ninety ( i 90) percent of the lowest trading price over a ten ( i 10)
day trading period immediately prior to the date of conversion. As part of entering into the promissory note agreement, the Company issued i 300,000 restricted shares of common stock under the lender. |
(c) | of principal and an origination fee of $ i 35,000 . Payment
of the loan includes one installment of $ i 1,215.19 followed by seventy-nine ( i 79)
weekly installments of $ i 2,025.32 totaling approximately $ i 165,000.
The lender has been provided a security interest in certain inventory and equipment. Excluded is the Company’s Alpine mill and related equipment. |
15 |
Key Terms |
|
Series 2023 Notes |
|
Series A Notes |
Inception Date |
|
i 08/01/2013 |
|
i 11/03/2014 |
Cash Received |
|
$ i 10,500,000 |
|
$ i 12,500,000 |
Principal (Initial Liability) |
|
$ i 10,500,000 |
|
$ i 19,848,486 |
Maturity (Term) |
|
Matures on i August 1, 2023, but convertible into shares of the Company’s common stock at the discretion of the holder or by the Company based on the market price of the Company’s stock; |
|
Matures on i May 1, 2023 but extends to August 1, 2023 if the Series 2023 Notes are still outstanding. Convertible into shares of the Company’s common stock at the discretion of the holder or by the Company based on the market price of the Company’s
stock; |
Exercise Price |
|
$ i 0.43 as adjusted downward based on anti-dilution provisions/down-round protection |
|
$ i 0.23 as adjusted downward based on anti-dilution provisions/down-round protection; |
Stated Interest |
|
i 10% per annum through December 14, 2017, 3% per annum thereafter, due semiannually; |
|
i 10% per annum through December 14, 2017, 3% per annum thereafter, due semiannually; |
|
|
Series 2023 Notes |
|
|
Series A Notes |
|
|
Total |
|
|||
PIK Note Payable, Gross |
|
$ |
i 18,294,121 |
|
|
$ |
i 30,369,999 |
|
|
$ |
i 48,664,120 |
|
Less: Discount |
|
|
i - |
|
|
|
( i 365,529 |
) |
|
|
( i 365,529 |
) |
PIK Note Payable, Net |
|
$ |
i 18,294,121 |
|
|
$ |
i 30,004,470 |
|
|
$ |
i 48,298,591 |
|
|
|
Series 2023 Notes |
|
|
Series A Notes |
|
|
Total |
|
|||
PIK Note Payable, Gross |
|
$ |
i 17,759,822 |
|
|
$ |
i 29,925,760 |
|
|
$ |
i 47,685,582 |
|
Less: Discount |
|
|
i - |
|
|
|
( i 681,102 |
) |
|
|
( i 681,102 |
) |
PIK Note Payable, Net |
|
$ |
i 17,759,822 |
|
|
$ |
i 29,244,658 |
|
|
$ |
i 47,004,480 |
|
16 |
● | Maturity :
May 1, 2023. |
● | Exercise Price : $0.40 per share and will be adjusted from time to time pursuant anti-dilution provisions. |
● | Stated Interest : 10% payable semi-annually in arrears through December 14, 2017, 3% payable semi-annually in arrears thereafter. |
● | Liquidated
Damages : The Company is required to pay the noteholders 1% of the principal amount of the Series A Notes if a Registration statement is not filed and effective within 90 days of the inception date (and further damages for every 30 days thereafter). |
● | The number of shares issuable under the Notes may be affected by the anti-dilution provisions of the Notes. The antidilution provisions adjust the Exercise Price of the Notes in the event of stock dividends and splits, issuance below the market price of the common stock, issuances below the conversion price of the Notes, pro rata distribution of assets, rights plans, tender
offers, and exchange offers. |
17 |
18 |
19 |
Shares Issuable | ||||||||
upon Exercise of | Weighted
Average | |||||||
Outstanding Warrants | Exercise Price | |||||||
Outstanding
at December 31, 2021 | i 11,000,000 | $ | i 0.10 | |||||
Issued | i 10,860,000 | i 0.046 | ||||||
Exercised | i - | i - | ||||||
Forfeited | i - | i - | ||||||
i 21,860,000 | $ | i 0.0526 |
20 |
Warrants Outstanding and Exercisable | ||||||||||||||||||
Weighted
Average | ||||||||||||||||||
Shares Issuable upon Exercise of | Remaining Contractual Life | Weighted
Average | ||||||||||||||||
Exercise Price | Outstanding Warrants | (years) | Exercise Price | |||||||||||||||
$ | i 0.10 | i 11,000,000 | i 0.20 | $ | i 0.10 | |||||||||||||
$ | i 0.005 | i 9,860,000 | i 4.86 | i 0.005 | ||||||||||||||
$ | i 0.001 | i 1,000,000 | i 4.86 | $ | i 0.001 | |||||||||||||
i 21,860,000 | i 2.51 | $ | i 0.0526 |
21 |
Shares
Issued Upon Exercise of Options | Weighted Average Exercise Price | |||||||
Outstanding
at December 31, 2021 | i 52,790,845 | $ | i 0.25 | |||||
Granted | i 4,000,000 | i 0.001 | ||||||
Exercised | i - | i - | ||||||
Forfeited | ( i 3,854,653 | ) | i 0.79 | |||||
Outstanding
at September 30, 2022 | i 52,936,192 | $ | i 0.19 |
Options Outstanding | Options Exercisable | |||||||||||||||||||||||
Range of per share exercise price | Shares | Weighted average remaining contractual life (years) | Per share weighted average exercise price | Shares | Weighted average remaining contractual life (years) | Per
share weighted average exercise price | ||||||||||||||||||
$ i 0.001 - $ i 0.08 | i 42,409,881 | i 4.68 | $ | i 0.05 | i 42,409,881 | i 4.68 | $ | i 0.05 | ||||||||||||||||
$ i 0.10
- $ i 0.84 | i 6,784,251 | i 1.32 | i 0.34 | i 6,784,251 | i 1.32 | i 0.34 | ||||||||||||||||||
$ i 1.10
- $ i 1.66 | i 3,742,060 | i 0.26 | i 1.57 | i 3,742,060 | i 0.26 | i 1.57 | ||||||||||||||||||
i 52,936,192 | i 2.89 | $ | i 0.19 | i 52,936,192 | i 2.89 | $ | i 0.19 |
22 |
23 |
Three Months Ended September 30, | Variance | |||||||||||||||
2022 | 2021 | $ | % | |||||||||||||
REVENUES | $ | 111,688 | $ | 360,815 | $ | (249,127 | ) | (69 | )% | |||||||
OPERATING
EXPENSES: | ||||||||||||||||
Production costs | 140,123 | 434,225 | (294,102 | ) | (68 | )% | ||||||||||
Exploration
costs | 16,098 | 47,866 | (31,768 | ) | (66 | )% | ||||||||||
General
and administrative | 341,847 | 443,503 | (101,656 | ) | (23 | )% | ||||||||||
Total
Operating Expenses | 498,068 | 925,594 | (427,526 | ) | (46 | )% | ||||||||||
Operating
Loss | (386,380 | ) | (564,779 | ) | (178,399 | ) | (32 | )% | ||||||||
OTHER
INCOME (EXPENSE): | ||||||||||||||||
Interest expense, net (including amortization of deferred financing cost and debt discount) | (643,933 | ) | (474,579 | ) | (169,354 | ) | 36 | % | ||||||||
Gain
on sale of iron oxide assets | 1,938,000 | - | 1,938,000 | 100 | % | |||||||||||
Other income (expense) , net | (716,800 | ) | 20,308 | (737,108
| ) | (3,630 | )% | |||||||||
Total
Other Income (Expense) | 577,267 | (454,271 | ) | (1,031,538 | ) | (227
| )% | |||||||||
NET
INCOME (LOSS) | $ | 190,887 | $ | (1,019,050 | ) | $ | (1,209,937 | ) | (119 | )% |
24 |
25 |
Nine Months Ended September 30, | Variance | |||||||||||||||
2022 | 2021 | $ | % | |||||||||||||
REVENUES | $ | 295,838 | $ | 1,099,980 | $ | (804 ,142 | ) | (73 | )% | |||||||
OPERATING
EXPENSES: | ||||||||||||||||
Production
costs | 451,418 | 1,315,350 | (863,932 | ) | (66 | )% | ||||||||||
Exploration
costs | 266,111 | 175,715 | 90,396 | 51 | % | |||||||||||
General
and administrative | 1,082,953 | 1,244,975 | (162,022 | ) | (13 | )% | ||||||||||
Total
Operating Expenses | 1,800,482 | 2,736,040 | (935,558 | ) | (34 | )% | ||||||||||
Operating
Loss | (1,504,644 | ) | (1,636,060 | ) | (131,416) | (8 | )% | |||||||||
OTHER
INCOME (EXPENSE): | ||||||||||||||||
Interest
expense, net (including amortization of deferred financing cost and debt discount) | (1,596,548 | ) | (1,401,878 | ) | 194,670 | 14 | % | |||||||||
Gain
on forgiveness of PPP loan | - | 223,075 | (223,075 | ) | (100 | )% | ||||||||||
Gain
on sale of iron oxide assets | 1,938,000 | - | 1,938,000 | (100 | )% | |||||||||||
Other income (expense) , net | (535,382 | ) | 114,662 | (650,044 | ) | (570 | )% | |||||||||
Total
Other Income Expense | (193,930 | ) | (1,064,141 | ) | (870,211 | ) | (82 | )% | ||||||||
NET
LOSS | $ | (1,698,574 | ) | $ | (2,700,201 | ) | $ | ( 1,001,627
| ) | (37 | )% |
26 |
27 |
28 |
29 |
30 |
31 |
APPLIED
MINERALS, INC. | ||
Dated: November 30, 2022 | ||
Chief Executive Officer | ||
Dated: November 30, 2022 | ||
Chief Financial Officer |
32 |
This ‘10-Q’ Filing | Date | Other Filings | ||
---|---|---|---|---|
12/21/32 | ||||
12/21/27 | ||||
11/29/23 | ||||
8/1/23 | ||||
5/1/23 | ||||
1/24/23 | ||||
Filed on: | 11/30/22 | |||
11/11/22 | 8-K | |||
11/3/22 | 8-K | |||
10/19/22 | ||||
10/7/22 | ||||
10/1/22 | ||||
For Period end: | 9/30/22 | NT 10-Q | ||
8/9/22 | ||||
6/30/22 | 10-Q | |||
6/24/22 | ||||
5/3/22 | ||||
4/18/22 | 10-K | |||
12/31/21 | 10-K, 5, NT 10-K | |||
12/15/21 | ||||
9/30/21 | 10-Q, 8-K, NT 10-Q | |||
6/30/21 | 10-Q, NT 10-Q | |||
5/24/21 | ||||
5/14/21 | ||||
2/17/21 | ||||
12/31/20 | 10-K, 8-K | |||
12/15/20 | ||||
3/25/20 | ||||
3/11/20 | ||||
11/1/19 | ||||
11/1/18 | ||||
12/22/17 | 3, 8-K | |||
12/14/17 | 3, 4, 4/A | |||
12/7/16 | 8-K, DEF 14A, PRE 14A | |||
11/5/14 | 4, 8-K, DEFR14A | |||
11/3/14 | 4 | |||
6/30/13 | 10-Q | |||
11/20/12 | 4, 8-K | |||
List all Filings |