Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Nov. 13, 2014 | |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-14 | ' |
Trading Symbol | 'sdrg | ' |
Entity Registrant Name | 'Silver Dragon Resources Inc. | ' |
Entity Central Index Key | '0001017290 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 279,733,758 |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Well Known Seasoned Issuer | 'No | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Interim_Condensed_Consolidated
Interim Condensed Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Current assets | ' | ' |
Cash | $13,811 | $226,937 |
Other receivables | 2,777 | 20,488 |
Deferred costs-current | 55,999 | 55,999 |
Prepaid expenses | 4,567 | 35,319 |
Total current assets | 77,154 | 338,743 |
Deferred costs | 0 | 42,000 |
Plant and equipment, net | 109,979 | 207,968 |
Equity investment | 2,610,784 | 3,680,774 |
Total assets | 2,797,917 | 4,269,485 |
Current liabilities | ' | ' |
Bank indebtedness | 918 | 0 |
Advance credit note | 1,069,279 | 1,069,279 |
Accounts payable | 724,951 | 722,700 |
Accrued liabilities | 969,040 | 704,590 |
Promissory note payable | 166,623 | 166,623 |
Convertible notes payable | 3,576,524 | 3,298,054 |
Related party payable | 155,365 | 0 |
Total current liabilities | 6,662,700 | 5,961,246 |
Long-term debt | 65,160 | 0 |
Total liabilities | 6,727,860 | 5,961,246 |
Capital stock | ' | ' |
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, none issued and outstanding | 0 | 0 |
Common stock, $0.0001 par value, 300,000,000 shares authorized (2013 - 300,000,000), 279,733,758 shares issued and outstanding (2013 - 267,999,611 issued and outstanding) | 28,088 | 26,915 |
Additional paid-in capital | 46,495,421 | 46,569,009 |
Treasury (nil shares; 2013-550,000 shares) | 0 | -209,000 |
Deficit accumulated during the exploration stage | -50,590,189 | -48,197,148 |
Accumulated comprehensive income | 136,737 | 118,463 |
Stockholders' deficit | -3,929,943 | -1,691,761 |
Total liabilities and stockholders' deficit | $2,797,917 | $4,269,485 |
Interim_Condensed_Consolidated1
Interim Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Preferred Stock, Par Value Per Share | $0.00 | $0.00 |
Preferred Stock, Shares Authorized | 20,000,000 | 20,000,000 |
Common Stock, Par Value Per Share | $0.00 | $0.00 |
Common Stock, Shares Authorized | 300,000,000 | 300,000,000 |
Common Stock, Shares, Issued | 279,733,758 | 267,999,611 |
Common Stock, Shares, Outstanding | 279,733,758 | 267,999,611 |
Treasury Stock, Shares | 550,000 | 550,000 |
Interim_Condensed_Consolidated2
Interim Condensed Consolidated Statements of Operations and Comprehensive Loss (USD $) | 3 Months Ended | 9 Months Ended | 221 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | |
Operating expenses | ' | ' | ' | ' | ' |
Exploration | $0 | $0 | $0 | $0 | $7,174,048 |
General and administrative | 234,979 | 135,672 | 832,161 | 935,239 | 31,620,380 |
Write-off of Mexican assets | 0 | 0 | 0 | 0 | 3,242,039 |
Total operating expenses | 234,979 | 135,672 | 832,161 | 935,239 | 42,036,467 |
Loss from operations | -234,979 | -135,672 | -832,161 | -935,239 | -42,036,467 |
Other (expenses) income | ' | ' | ' | ' | ' |
Gain on disposal of plant and equipment | 0 | 0 | 0 | 14,769 | 14,769 |
Interest expense | -108,090 | -210,200 | -490,890 | -360,187 | -4,022,551 |
Interest income | 0 | 0 | 0 | 0 | 85,553 |
Loss on settlement | 0 | 0 | 0 | 0 | -2,195,458 |
Net loss on equity investment | -363,503 | -313,916 | -1,069,990 | -767,228 | -4,607,127 |
Forgiveness of debt | 0 | 0 | 0 | 0 | 38,871 |
Loss on sale of interest in subsidiary | 0 | 0 | 0 | 0 | 1,816,733 |
(Loss) gain on sale of interest in mining property | 0 | -64,880 | 0 | -64,880 | 1,078,491 |
Non-recurring items | 0 | 0 | 0 | 0 | -713,269 |
Total other expenses | -471,593 | -588,996 | -1,560,880 | -1,177,526 | -8,503,988 |
Loss before income taxes | -706,572 | -724,668 | -2,393,041 | -2,112,765 | -50,540,455 |
Provision for income taxes | 0 | 0 | 0 | 0 | 0 |
Net loss from continuing operations, after tax | -706,572 | -724,668 | -2,393,041 | -2,112,765 | -50,540,455 |
Minority interest | 0 | 0 | 0 | 0 | 253,021 |
Loss from discontinued operations (net of tax) | 0 | 0 | 0 | 0 | -302,755 |
Net loss | -706,572 | -724,668 | -2,393,041 | -2,112,765 | -50,590,189 |
Other comprehensive income (loss): | ' | ' | ' | ' | ' |
Foreign exchange gain (loss) | 32,598 | -3,107 | 18,274 | 2,227 | 136,737 |
Comprehensive loss | ($673,974) | ($727,775) | ($2,374,767) | ($2,110,538) | ($50,453,452) |
Net loss per common share - basic and diluted | $0 | $0 | ($0.01) | ($0.01) | ' |
Weighted average number of common shares outstanding - basic and diluted | 274,139,927 | 267,999,611 | 269,987,923 | 267,999,611 | ' |
Interim_Condensed_Consolidated3
Interim Condensed Consolidated Statements of Stockholders Equity (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Deficit Accumulated During the Exploration Stage [Member] | Treasury Stock [Member] | Accumulated Comprehensive Income [Member] | Total |
Beginning Balance at Dec. 31, 2013 | $26,915 | $46,569,009 | ($48,197,148) | ($209,000) | $118,463 | ($1,691,761) |
Beginning Balance (Shares) at Dec. 31, 2013 | 267,999,611 | ' | ' | ' | ' | ' |
Shares cancelled | -10 | 10 | ' | ' | ' | ' |
Shares cancelled (Shares) | -100,000 | ' | ' | ' | ' | ' |
Treasury stock | -55 | -208,945 | ' | 209,000 | ' | ' |
Treasury stock (Shares) | -550,000 | ' | ' | ' | ' | ' |
Shares issued on conversion of notes | 1,238 | 135,347 | ' | ' | ' | 136,585 |
Shares issued on conversion of notes (Shares) | 12,384,147 | ' | ' | ' | ' | ' |
Accumulated comprehensive income | ' | ' | ' | ' | 18,274 | 18,274 |
Net loss | ' | ' | -2,393,041 | ' | ' | -2,393,041 |
Ending Balance at Sep. 30, 2014 | $28,088 | $46,495,421 | ($50,590,189) | ' | $136,737 | ($3,929,943) |
Ending Balance (Shares) at Sep. 30, 2014 | 279,733,758 | ' | ' | ' | ' | ' |
Interim_Condensed_Consolidated4
Interim Condensed Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | 221 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | |
Cash flows from operating activities | ' | ' | ' |
Net loss | ($2,393,041) | ($2,112,765) | ($50,590,189) |
Net loss from discontinued operations | 0 | 0 | 302,755 |
Net loss from continuing operations excluding minority interest | -2,393,041 | -2,112,765 | -50,287,434 |
Adjustments for: | ' | ' | ' |
Gain on disposal of plant and equipment | 0 | -14,769 | -14,769 |
Depreciation | 97,989 | 95,338 | 887,209 |
Amortization of deferred expenses | 42,000 | 42,000 | 433,825 |
Gain on sale of investment | 0 | 64,880 | -1,078,491 |
Net loss from equity investment | 1,069,990 | 767,228 | 4,607,127 |
Interest on convertible notes payable | 0 | 0 | 145,060 |
Shares issued for services | 0 | 0 | 8,590,071 |
Warrants and options issued for services | 0 | 0 | 3,991,090 |
Amortization of beneficial conversion feature | 0 | 0 | 2,337,940 |
Write-down of mineral rights | 0 | 0 | 3,411,309 |
Write-down of assets | 0 | 0 | 240,063 |
Other | 0 | 0 | -1,630,814 |
Changes in non-cash working capital: | ' | ' | ' |
Other receivables | 17,711 | 179,329 | -9,632 |
Prepaid expenses | 30,752 | 25,176 | 79,164 |
Accounts payable | 2,251 | 64,683 | 2,362,124 |
Accrued liabilities | 264,450 | 365,606 | 938,205 |
Other | 0 | 0 | 778,688 |
Net cash used in operating activities | -867,898 | -523,294 | -24,219,265 |
Cash flows from investing activities | ' | ' | ' |
Investments in mineral rights | 0 | 0 | -1,920,441 |
Proceeds from sale of investment | 0 | -64,880 | 1,099,140 |
Proceeds on disposal of plant and equipment | 0 | 14,769 | 14,769 |
Additional contribution to Sino-Top | 0 | 0 | -5,281,795 |
Acquisition of plant and equipment | 0 | 10,675 | -1,362,959 |
Other | 0 | 0 | 4,364,090 |
Net cash used in investing activities | 0 | -39,436 | -3,087,196 |
Cash flows from financing activities | ' | ' | ' |
Advances on credit note | 0 | 0 | 1,069,279 |
Bank indebtedness | 918 | 0 | 918 |
Proceeds from issuance of common stock and warrants | 0 | 0 | 18,168,492 |
Share issuance costs | 0 | 0 | -206,686 |
Related party loans payable | 155,365 | 161,927 | 1,537,333 |
Repayments of related party payables | 0 | 0 | -911,859 |
Minority interest | 0 | 0 | 253,021 |
Promissory note payable | 0 | 0 | 516,623 |
Write-down of promissory note payable | 0 | 0 | -350,000 |
Issuance of convertible notes payable | 415,055 | 407,706 | 7,056,331 |
Advances on long-term debt | 65,160 | 0 | 65,160 |
Other | 0 | 0 | -59,609 |
Net cash provided by financing activities | 636,498 | 569,633 | 27,139,003 |
Effect of exchange rate on cash | 18,274 | 2,227 | 181,269 |
(Decrease) increase in cash | -213,126 | 9,130 | 13,811 |
Cash - beginning of period | 226,937 | 13,406 | 0 |
Cash - end of period | $13,811 | $22,536 | $13,811 |
Nature_of_Business_and_Basis_o
Nature of Business and Basis of Presentation | 9 Months Ended |
Sep. 30, 2014 | |
Nature of Business and Basis of Presentation [Text Block] | ' |
1 . Nature of Business and Basis of Presentation | |
Silver Dragon Resources Inc. was incorporated on May 9, 1996 in the State of Delaware and its executive office is in Toronto, Canada. It carries out operations in Canada and China. Silver Dragon Resources Inc. and its subsidiaries (collectively referred to as “Silver Dragon” or the “Company”) are in the exploration stage as defined by Financial Accounting Standards Board’s (“FASB”) Accounting Standard Codification (“ASC”) 915 “Accounting and Reporting For Development Stage Entities”. | |
The Company’s strategy is to acquire and develop a portfolio of silver properties in proven silver districts globally. To date, the Company has generated no sales and has devoted its efforts primarily to financing, by issuing common shares and convertible debt, and exploring its properties. | |
The accompanying interim condensed consolidated financial statements of the Company have been prepared following accounting principles generally accepted in the United States (“US GAAP”), and are expressed in United States funds. In the opinion of management, all adjustments necessary for a fair presentation have been included. These interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements of the Company for the fiscal year ended December 31, 2013 filed in the Company’s Annual Report on Form 10-K. |
Going_Concern_and_Exploration_
Going Concern and Exploration Stage Activities | 9 Months Ended |
Sep. 30, 2014 | |
Going Concern and Exploration Stage Activities [Text Block] | ' |
2. Going Concern and Exploration Stage Activities | |
These interim condensed consolidated financial statements have been prepared in accordance with US GAAP applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next twelve months. | |
At September 30, 2014, the Company had a working capital deficit of $6,585,546 (December 31, 2013 – $5,622,503), had not yet achieved profitable operations, incurred a net loss of $2,393,041 for the nine-month period ended September 30, 2014 (2013 – $2,112,765), had accumulated losses of $50,590,189 since its inception, and expects to incur further losses in the development of its business. These factors and those noted below, cast substantial doubt as to the Company’s ability to continue as a going concern, which is dependent upon its ability to obtain the necessary financing to repay liabilities when they come due, and in the long run dependent upon achieving profitable operations. | |
Management has been unable to secure additional financing to meet its cash requirements, including ongoing capital, cash contributions for its equity investment and funds to repay all or certain of its convertible debt holders. There is no assurance of additional funding in any form, being available or available on acceptable terms. | |
In March of 2014, the Company received extensions of its obligations to repay the convertible debt holders from a date of March 31, 2014 to June 30, 2014. In addition, the Company had in place forbearance agreements with its convertible debt holders. The Company was not able to repay the obligations owing to the convertible debt holders on or before the June 30, 2014 deadline and thus is in default. Management continues to have discussions with the convertible debt holders in efforts to establish new deadlines for repayment and/or have them convert some or all of their convertible notes. The convertible debt holders continue to have the option to convert all or a portion of their notes, as some have during the current period. With the trading price at September 30, 2014, the Company did not have sufficient common stock to issue for a conversion of all the outstanding convertible debt. | |
As management was unable to secure additional financing and/or extend the payoff date for its convertible debt holders, the Company may be forced to dilute its equity investment which may still occur as a result of not having made the required contributions for its equity investment by June 15, 2014 or may ultimately file for bankruptcy. Since the dates to make the required contributions for the equity investment have elapsed, it is now the option of the other equity investors whether to dilute the Company’s 40% interest to 20%. The Company continues to have discussions with the other equity investors. Dilution may result in the Company’s operations being considered an investment company. The registration requirements for an investment company would be a significant financial and operational burden and is unlikely to be feasible for the Company. As a result of this risk, the Company may be required to significantly limit its business activities and dissolve. Subsequent to September 30, 2014, the Company announced that Sino-Top, its equity investment, had signed an understanding with Shengda Mining Co., Ltd. (“Shengda”), to be acquired subject to a third party evaluation and all other regulatory approvals and filings. As a result, there is no current effort to raise additional financing for its equity investment. | |
In addition, although there had been discussions between the Company and the private investor (“Investor”), there has been no resolution to the treatment of the $1,069,279 advance credit note received from the Investor. The Company may be required to return such funds, with or without interest, to the Investor. On September 19, 2014, the Investor filed a complaint to recover $1,014,140 of the advance credit note. The Company has retained counsel in Delaware and filed a Motion to Dismiss. Subsequently, dates for the plaintiff’s answering brief in response the Company’s Motion to Dismiss and the Company’s response to this brief, were proposed by the court. | |
Realization values may be substantially different from carrying values as shown. These interim condensed consolidated financial statements do not include any adjustments to reflect the future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result if the Company was unable to continue as a going concern. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2014 | |
Recent Accounting Pronouncements [Text Block] | ' |
3. Recent Accounting Pronouncements | |
There were various accounting standards and interpretations issued during the period ended September 30, 2014, none of which are expected to have a material impact on the Company’s consolidated financial position, operations, or cash flows. |
Financial_Instruments
Financial Instruments | 9 Months Ended |
Sep. 30, 2014 | |
Financial Instruments [Text Block] | ' |
4. Financial Instruments | |
The carrying value of cash, other receivables, bank indebtedness, advance credit note, accounts payable, accrued liabilities, promissory note payable, convertible notes payable and related party payable approximated their fair value as of September 30, 2014 and December 31, 2013, due to their short-term nature. The carrying value of the long-term debt approximated its fair value as of September 30, 2014, due to its market interest rate. | |
Interest and Credit Risk | |
In the opinion of management, the Company is not exposed to significant interest or credit risks arising from its financial instruments. | |
Currency Risk | |
While the reporting currency is the United States Dollar, $74,981 of consolidated expenses for the nine-month period ended September 30, 2014 are denominated in Mexican Pesos; and $272,189 of consolidated expenses for the nine-month period ended September 30, 2014, are denominated in Canadian Dollars. As at September 30, 2014, $1,208,634 of the net monetary liabilities are denominated in Mexican Pesos; and $260,173 of the net monetary liabilities are denominated in Canadian Dollars. The Company has not entered into any hedging transactions to reduce the exposure to currency risk. |
Other_Receivables
Other Receivables | 9 Months Ended |
Sep. 30, 2014 | |
Other Receivables [Text Block] | ' |
5. Other Receivables | |
The current balance in other receivables includes commodity taxes receivable of $2,777 (December 31, 2013-$3,968). |
Plant_and_Equipment_net
Plant and Equipment, net | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Plant and Equipment, net [Text Block] | ' | ||||||||||||
6 . Plant and Equipment, net | |||||||||||||
September 30, | December 31, | ||||||||||||
Accumulated | 2014 | 2013 | |||||||||||
Cost | depreciation | Net book value | Net book value | ||||||||||
Computer hardware | $ | 40,559 | $ | 37,280 | $ | 3,279 | $ | 4,221 | |||||
Office equipment | 45,720 | 36,281 | 9,439 | 11,098 | |||||||||
Leasehold improvements | 381,558 | 284,297 | 97,261 | 192,649 | |||||||||
$ | 467,837 | $ | 357,858 | $ | 109,979 | $ | 207,968 | ||||||
During the nine-month period ended September 30, 2013, the Company disposed of certain leasehold improvements which had been fully depreciated, resulting in a gain of $14,769. The gain is disclosed in the interim condensed consolidated statements of operations and comprehensive loss under gain on disposal of plant and equipment. |
Equity_Investment
Equity Investment | 9 Months Ended | ||||||
Sep. 30, 2014 | |||||||
Equity Investment [Text Block] | ' | ||||||
7. Equity Investment | |||||||
Sanhe Sino-Top Resources & Technologies Ltd., China (“Sino-Top”) | |||||||
The Company owns 40% of Sino-Top, whose assets consist mainly of six exploration properties. | |||||||
The Company is required to fund its share of ongoing operations at Sino-Top. At a meeting of the board of directors for Sino-Top held on March 29, 2014, the 2014 budget was finalized. The total budget for 2014 is RMB171.0 million (approximately $27,856,000) and the Company’s contribution is RMB76.0 million (approximately $12,380,000). The Company’s investment in Sino-Top will be diluted to 20% if it does not make a contribution of RMB50.0 million (approximately $8,145,000) by April 8, 2014 (extended to April 15, 2014) and a further contribution of RMB26.0 million (approximately $4,235,000) by June 15, 2014, with no further required contributions. These are cumulative amounts and include past contributions which were not made by the Company. The Company was not able to meet these deadlines and has been in discussions with Sino-Top to satisfy its required contributions. The change in the equity interest, should it occur, would have to be approved by the Ministry of Commerce as a result of registration through the Administration of Industry and Commerce. | |||||||
Since the dates to make the required contributions for the equity investment have elapsed, it is now the option of the other equity investors whether to dilute the Company’s 40% interest to 20%. The Company continues to have discussions with the other equity investors. Refer to note 16 (a), Subsequent Events, for the announcement of an understanding signed for the sale of Sino-Top, subject to a third party evaluation and all other regulatory approvals and filings. | |||||||
30-Sep-14 | |||||||
Carrying value of investment at December 31, 2013 | $ | 3,680,774 | |||||
40% share of net loss for the nine-month period ended September 30, 2014 | (1,069,990 | ) | |||||
Carrying value of investment at September 30, 2014 | $ | 2,610,784 | |||||
Share of loss for the nine-month periods ended September 30: | |||||||
2014 | 2013 | ||||||
Exploration expenses | $ | (859,521 | ) | $ | (582,867 | ) | |
General and administrative expenses | (210,469 | ) | (184,361 | ) | |||
Share of loss for the period (at 40% | $ | (1,069,990 | ) | $ | (767,228 | ) | |
Summarized unaudited financial data of Sino Top for the nine-month periods ended September 30: | |||||||
2014 | 2013 | ||||||
Revenue | $ | - | $ | - | |||
Net loss | $ | (2,674,976 | ) | $ | (1,918,070 | ) | |
Current assets | $ | 4,273,644 | $ | 1,306,535 | |||
Total assets | $ | 5,333,806 | $ | 2,011,955 | |||
Current liabilities | $ | 4,336,456 | $ | 5,898,497 | |||
Total liabilities | $ | 4,336,456 | $ | 5,898,497 |
Advance_Credit_Note
Advance Credit Note | 9 Months Ended |
Sep. 30, 2014 | |
Advance Credit Note [Text Block] | ' |
8. Advance Credit Note | |
During the prior year’s fourth quarter, the Company received advances on a note, in the amount of $1,069,279, from an Investor. A significant portion of these funds were disbursed before the prior year-end, to settle certain outstanding obligations and payables. The Company and the Investor did not resolve definitive agreements, nor did the Investor fund the remaining amounts initially anticipated to be required to complete the initial closing. Due to funding delays by the Investor and changes in the Investor’s offer, the Company’s Board of Directors (the “Board”), determined in March 2014, not to proceed with the contemplated transaction. | |
On April 18, 2014, the Investor demanded that the Company refund $1,014,140 of the initial advances made to the Company in 2013 and asserted that the Company’s use of such advances was unauthorized. The Company disputed the Investor’s assertions. Subsequent to these assertions, on May 7, 2014, the Investor proposed to the Company the terms of a new transaction that would result in the prior advances being treated as a loan and the provision of additional loans to the Company, subject to a change in the Company’s board of directors and management. The Company did not accept the terms proposed. | |
On September 19, 2014, the Investor filed a complaint in the Court of the Chancery of the State of Delaware (the “Court”), to recover the $1,014,140. The Investor is seeking action for unjust enrichment, fraud and violations of the Delaware Uniform Fraudulent Transfer Act. The investor has also named Travellers International Inc. (“Travellers”), an Ontario company controlled by a director and chief executive officer of the Company and the director and chief executive officer of the Company. The Company has retained counsel in Delaware and has filed a Motion to Dismiss. Subsequently, the Court proposed a date of November 26, 2014 for the plaintiff to file his answering brief in response to this Motion to Dismiss and the Company to file its reply brief to the plaintiff’s answering brief, on or before December 12, 2014. |
Promissory_Note_Payable
Promissory Note Payable | 9 Months Ended |
Sep. 30, 2014 | |
Promissory Note Payable [Text Block] | ' |
9. Promissory Note Payable | |
In 2008, a promissory note was signed with a vendor in the amount of $166,623 with a carried interest rate of 5% per month, unsecured, and no maturity date. During the nine-month period ended September 30, 2014, the Company incurred interest of $74,981 (2013 - $74,981). |
LongTerm_Debt
Long-Term Debt | 9 Months Ended |
Sep. 30, 2014 | |
Long-Term Debt [Text Block] | ' |
10. Long-Term Debt | |
The Company has in place an agreement with Sino-Top, who will provide up to RMB1.0 million (approximately $163,000), repayable within two years from date of advance. The debt bears interest at the rate of 12% per annum and is unsecured. During the nine-month period ended September 30, 2014, the Company received a total of RMB400,000 (approximately $65,000) in two tranches of RMB200,000 (approximately $32,500), on July 24, 2014 and September 18, 2014, respectively. The funds are being used to fund the operations at the Company’s China office. Refer to note 16 (b), Subsequent Events, for details on a further advance of RMB200,000 (approximately $32,700). |
Convertible_Notes_Payable
Convertible Notes Payable | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Convertible Notes Payable [Text Block] | ' | |||||||||||||||
11. Convertible Notes Payable | ||||||||||||||||
Secured | Convertible | Convertible | ||||||||||||||
Convertible | Redeemable | Promissory | Convertible | Total | ||||||||||||
Promissory | Notes (b) | Notes (c) | Notes (d) | |||||||||||||
Note (a) | ||||||||||||||||
Balance, December 31, 2013 | $ | 2,728,940 | $ | 271,510 | $ | 204,094 | $ | 93,510 | $ | 3,298,054 | ||||||
Conversion of notes for shares | - | - | (28,125 | ) | (108,460 | ) | (136,585 | ) | ||||||||
Interest and other charges | 248,270 | 88,753 | 63,082 | 14,950 | 415,055 | |||||||||||
Balance, September 30, 2014 | $ | 2,977,210 | $ | 360,263 | $ | 239,051 | $ | - | $ | 3,576,524 | ||||||
(a) | On November 27, 2013, the Company and the lender entered into a fourth supplemental letter of agreement, pursuant to which the lender agreed that, if the Company pays $2,500,000 (the agreed “Payoff Amount”), by a fixed time on March 31, 2014, such payment would constitute payment in full of any and all obligations due and owing to the lender pursuant to certain secured convertible promissory note issued by the Company to the lender and certain other agreements between the two parties. All other terms and conditions of the original letter of agreement remained in full force and effect. | |||||||||||||||
On March 27, 2014, the Company and the lender agreed to replace reference to the Payoff Amount and accept an amount equal to $2,750,000, so long as such payment was made on or before June 30, 2014. All other terms and conditions of the payoff letter remained in full force and effect. | ||||||||||||||||
In consideration of the foregoing, the lender agreed, from the date of the letter of agreement through the payoff date (the “Payoff Date”), to forbear from exercising any right or remedy in respect of the secured convertible promissory note and certain other agreements between the parties, including without limitation any right to conversion, right to delivery of shares, right to assignment, purchase right or remedy arising as a result of any default or event of default. The parties had also agreed to a mutual release of claims, subject to and effective upon the receipt and collection of the Payoff Amount as set forth in the letter of agreement. If the Payoff Amount was not paid by the Payoff Date, the lender’s agreement shall be deemed cancelled. | ||||||||||||||||
The Company was not able to make payment on or before June 30, 2014. As of September 30, 2014, the Company continues to be in default of the payment required on this secured convertible promissory note. The lender continues to have the option to convert all or a portion of its secured convertible promissory note into common shares of the Company. | ||||||||||||||||
(b) | On November 8, 2013, the Company entered into a third letter supplemental letter of agreement with the lender pursuant to which the lender agreed to extend the Payoff Date for the convertible redeemable notes owed from September 30, 2013 to March 31, 2014. All other terms and conditions of the original Letter of Agreement remain in full force and effect. | |||||||||||||||
On March 25, 2014, the Company and the lender agreed to replace all references to March 31, 2014 in the payoff letter with June 30, 2014. The Company paid the lender $10 in consideration for this extension to the Payoff Date. All other terms and conditions of the payoff letter remained in full force and effect. | ||||||||||||||||
In consideration of the foregoing, the lender agreed, from the date of the letter of agreement through the Payoff Date, to forbear from exercising any right or remedy in respect of the convertible redeemable notes and certain other agreements between the parties, including without limitation any right to conversion, right to delivery of shares, right to assignment, purchase right or remedy arising as the result of any default or event of default. The parties had also agreed to a mutual release of claims, subject to and effective upon receipt and collection of the Payoff Amount as set forth in the letter of agreement. If the Payoff Amount was not paid by the Payoff Date, the lender’s agreement shall be deemed cancelled. | ||||||||||||||||
The Company was not able to make payment on or before June 30, 2014. As of September 30, 2014, the Company continues to be in default of the payment required on these convertible redeemable notes. The lender continues to have the option to convert all or a portion of its convertible redeemable note into common shares of the Company. | ||||||||||||||||
(c) | On November 8, 2013, the Company entered into a third supplemental letter of agreement with the lender, pursuant to which the lender agreed to extend the Payoff Date for the convertible promissory notes owed from September 30, 2013 to March 31, 2014. In consideration for the extension to the Payoff Date, the Company agreed to increase the outstanding balance of the convertible promissory notes and other obligations by $10. All other terms and conditions of the original letter agreements remained in full force and effect. | |||||||||||||||
On March 25, 2014, the Company and the lender agreed to replace all references to March 31, 2014 in the payoff letter with June 30, 2014. The Company paid the lender $10 in consideration for this extension to the Payoff Date. All other terms and conditions of the payoff letter remained in full force and effect. | ||||||||||||||||
In consideration of the foregoing, the lender agreed, from the date of the letter of agreement through the Payoff Date, to forbear from exercising any right or remedy in respect of the convertible promissory notes and certain other agreements between the parties, including without limitation any right to conversion, right to delivery of shares, right to assignment, purchase right or remedy arising as the result of any default or event of default. The parties had also agreed to a mutual release of claims, subject to and effective upon receipt and collection of the Payoff Amount as set forth in the letter of agreement. If the Payoff Amount was not paid by the Payoff Date, the lender’s agreement shall be deemed cancelled. | ||||||||||||||||
The Company was not able to make payment on or before June 30, 2014. As of September 30, 2014, the Company continues to be in default of the required payment on the convertible promissory notes. The lender may impose penalties for non-payment. The lender continues to have the option to convert all or a portion of its convertible promissory notes into common shares of the Company. | ||||||||||||||||
On August 18, 2014, the lender converted a portion of one of their notes, totaling $28,125 for 2,500,000 common shares of the Company. | ||||||||||||||||
(d) | On November 8, 2013, the Company entered into a third supplemental letter of agreement with the lender, pursuant to which the lender agreed to extend the Payoff Date for the convertible notes owed from September 30, 2013 to March 31, 2014. | |||||||||||||||
On March 25, 2014, the Company and the lender agreed to replace all references to March 31, 2014 in the payoff letter with June 30, 2014. The Company paid the lender $10 in consideration for this extension to the Payoff Date. All other terms and conditions of the payoff letter remained in full force and effect. | ||||||||||||||||
In consideration of the foregoing, the lender agreed, from the date of the letter of agreement through the Payoff Date, to forbear from exercising any right or remedy in respect of the convertible notes and certain other agreements between the parties, including without limitation any right to conversion, right to delivery of shares, right to assignment, purchase right or remedy arising as the result of any default or event of default. The parties have also agreed to a mutual release of claims, subject to and effective upon receipt and collection of the Payoff Amount as set forth in the letter of agreement. If the Payoff Amount is not paid by the Payoff Date, the lender’s agreement shall be deemed cancelled. | ||||||||||||||||
The Company was not able to make payment on or before June 30, 2014. As of September 30, 2014, the Company continues to be in default of the required payment on these convertible notes. The lender continues to have the option to convert all or a portion of its convertible notes into common shares of the Company. | ||||||||||||||||
From July 22, 2014 to August 20, 2014, the lender converted their notes in full, with accrued interest, a total of $108,460 for 9,884,147 common shares of the Company. |
Related_Party_Transactions_and
Related Party Transactions and Balances | 9 Months Ended | ||||||
Sep. 30, 2014 | |||||||
Related Party Transactions and Balances [Text Block] | ' | ||||||
12. Related Party Transactions and Balances | |||||||
30-Sep-14 | 31-Dec-13 | ||||||
Related party payable, non-interest bearing, due on demand and unsecured. | $ | 155,365 | $ | - | |||
During the nine-month period ended September 30, 2014, the Company incurred $243,000 (2013 - $243,000) in management fees paid to Travellers, an Ontario Company controlled by a director and officer of the Company, for services as chief executive officer and $48,000 (2013-$54,000) of accrued fees to a director for management services. As at September 30, 2014, unpaid remuneration in the amount of $27,000 (December 31, 2013-$nil) is included in accounts payable and $162,000 (December 31, 2013-$nil) is included in accrued liabilities in relation to the chief executive officer and unpaid remuneration of $138,000 (December 31, 2013-$102,000) in relation to a director for management services is included in accrued liabilities. | |||||||
During the nine-month period ended September 30, 2014, the Company incurred $46,945 (2013-$54,947) in rent paid to a company controlled by a director and officer. Included in prepaid expenses is a rental deposit of $4,567 (December 31, 2013-$4,809). Also included under prepaid expenses as at September 30, 2014, is a prepayment for the chief executive officer’s services paid to Travellers of $nil (December 31, 2013-$30,510). | |||||||
These transactions were in the normal course of operations and have been recorded at the exchange amounts which the parties believe to be fair value. |
Capital_Stock
Capital Stock | 9 Months Ended | ||||||
Sep. 30, 2014 | |||||||
Capital Stock [Text Block] | ' | ||||||
13. Capital Stock | |||||||
Common Stock | |||||||
On May 27, 2014, 650,000 shares of the Company were cancelled, without the return of cash or property. In addition, during the nine-month period ended September 30, 2014, a total of 12,384,147 shares of the Company were issued on the conversion of notes. | |||||||
Warrants | |||||||
As at September 30, 2014, 2,225,000 warrants were outstanding, having an exercise price of $0.06 per share with an average remaining contractual life of 0.47 years. | |||||||
Weighted | |||||||
Number of | average exercise | ||||||
warrants | price | ||||||
Balance, December 31, 2013 | 12,235,000 | $ | 0.38 | ||||
Expired during the nine-month period ended September 30, 2014 | (10,010,000 | ) | (0.45 | ) | |||
Balance, September 30, 2014 | 2,225,000 | $ | 0.06 |
Supplemental_Cash_Flow_Informa
Supplemental Cash Flow Information | 9 Months Ended | |||||||||
Sep. 30, 2014 | ||||||||||
Supplemental Cash Flow Information [Text Block] | ' | |||||||||
14. Supplemental Cash Flow Information | ||||||||||
For the period from May 9, | ||||||||||
Issuance of convertible notes payable | September 30, | September 30, | 1996 (date of inception) | |||||||
2014 | 2013 | through September 30, 2014 | ||||||||
Issuance of convertible notes payable | $ | - | $ | 122,500 | $ | 5,037,500 | ||||
Cash advances | - | - | 1,794,493 | |||||||
Interest accrued and other charges | 415,055 | 285,206 | 1,082,739 | |||||||
Notes receivable | - | - | (4,952,500 | ) | ||||||
Cash repayments on notes receivable | - | - | 2,392,143 | |||||||
Deferred charges | - | - | 807,869 | |||||||
Settlement of notes payable and receivable | - | - | 894,087 | |||||||
$ | 415,055 | $ | 407,706 | $ | 7,056,331 | |||||
For the nine-month period ended September 30, 2014, there were no cash payments for income taxes (2013-$nil) and no cash payments for interest expense (2013-$nil). In addition, the Company converted $136,585 of convertible notes payable into 12,384,147 common shares as disclosed under note 13. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
Commitments and Contingencies [Text Block] | ' | ||||
15. Commitments and Contingencies | |||||
(a) | On December 19, 2011, the Company entered into a three year office lease agreement with a company controlled by a director and officer of the Company for office space, which was amended during the first quarter of 2012 to commence from June 1, 2012 and end on May 31, 2015. The future minimum commitments under the lease obligations for office premises are as follows: | ||||
2014 | $ | 15,285 | |||
2015 | 25,477 | ||||
$ | 40,762 | ||||
In addition, the Company is required to pay its proportionate share of realty taxes and certain other occupancy costs under the terms of the lease. | |||||
(b) | The Company has committed to provide capital contributions to cover expenses proportionate to its equity interest in Sino-Top. | ||||
(c) | The Company’s Mexican subsidiary was subjected to irregularities that it was seeking to redress. Legal proceedings were heard and decided on an ex parte basis, without notice to the Company that resulted in its Mexican subsidiary losing title to its mineral assets. In December 2010, the Company became aware of this situation, and took steps through the courts in Mexico to redress the situation. It included a Constitutional Rights Claim before the Federal Court in the City of Durango, premised on procedural irregularities. On May 22, 2012, the Court ruled against the Constitutional Rights Claim. As a result, the Company determined that it will not pursue any further recourse with regard to this matter, and accordingly, will never recover the Mexican Concessions. Management is considering its options of whether to incur the costs of dissolving the Mexican subsidiary. |
Subsequent_Events
Subsequent Events | 9 Months Ended | |
Sep. 30, 2014 | ||
Subsequent Events [Text Block] | ' | |
16. Subsequent Events | ||
(a) | On October 7, 2014, the Company announced that its Foreign Cooperative Joint Venture in China, Sino-Top, has signed an understanding with Shengda Mining Co., Ltd (“Shengda”) to be acquired subject to a third party evaluation and all other regulatory approvals and filings. Shengda is the majority shareholder of Sino-Top. | |
(b) | On November 4, 2014, the Company received a further advance of RMB200,000 (approximately $32,700) from Sino-Top for the Company’s operations in its China office. |
Segmented_Information
Segmented Information | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Segmented Information [Text Block] | ' | ||||||||||||
17. Segmented Information | |||||||||||||
As at September 30, 2014 | Corporate | Mexico | China | Total | |||||||||
Equity investment | $ | - | $ | - | $ | 2,610,784 | $ | 2,610,784 | |||||
Total assets | $ | 187,133 | $ | - | $ | 2,610,784 | $ | 2,797,917 | |||||
Nine-month period ended September 30, 2014 | Corporate | Mexico | China | Total | |||||||||
Revenues | $ | - | $ | - | $ | - | $ | - | |||||
Depreciation | $ | ( 97,989 | ) | $ | - | $ | - | $ | ( 97,989 | ) | |||
Loss before income tax | $ | ( 1,248,070 | ) | $ | ( 74,981 | ) | $ | ( 1,069,990 | ) | $ | ( 2,393,041 | ) | |
As at December 31, 2013 | Corporate | Mexico | China | Total | |||||||||
Equity investment | $ | - | $ | - | $ | 3,680,774 | $ | 3,680,774 | |||||
Total assets | $ | 588,711 | $ | - | $ | 3,680,774 | $ | 4,269,485 | |||||
Nine-month period ended September 30, 2013 | Corporate | Mexico | China | Total | |||||||||
Revenues | $ | - | $ | - | $ | - | $ | - | |||||
Depreciation | $ | (95,338 | ) | $ | - | $ | - | $ | (95,338 | ) | |||
Loss before income tax | $ | (1,270,556 | ) | $ | (74,981 | ) | $ | (767,228 | ) | $ | (2,112,765 | ) |
Plant_and_Equipment_net_Tables
Plant and Equipment, net (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Schedule of Plant and Equipment, net [Table Text Block] | ' | ||||||||||||
September 30, | December 31, | ||||||||||||
Accumulated | 2014 | 2013 | |||||||||||
Cost | depreciation | Net book value | Net book value | ||||||||||
Computer hardware | $ | 40,559 | $ | 37,280 | $ | 3,279 | $ | 4,221 | |||||
Office equipment | 45,720 | 36,281 | 9,439 | 11,098 | |||||||||
Leasehold improvements | 381,558 | 284,297 | 97,261 | 192,649 | |||||||||
$ | 467,837 | $ | 357,858 | $ | 109,979 | $ | 207,968 |
Equity_Investment_Tables
Equity Investment (Tables) | 9 Months Ended | ||||||
Sep. 30, 2014 | |||||||
Schedule of Equity Method Investments [Table Text Block] | ' | ||||||
30-Sep-14 | |||||||
Carrying value of investment at December 31, 2013 | $ | 3,680,774 | |||||
40% share of net loss for the nine-month period ended September 30, 2014 | (1,069,990 | ) | |||||
Carrying value of investment at September 30, 2014 | $ | 2,610,784 | |||||
Schedule of Net Income (Loss) 40% Share, Equity Investment [Table Text Block] | ' | ||||||
2014 | 2013 | ||||||
Exploration expenses | $ | (859,521 | ) | $ | (582,867 | ) | |
General and administrative expenses | (210,469 | ) | (184,361 | ) | |||
Share of loss for the period (at 40% | $ | (1,069,990 | ) | $ | (767,228 | ) | |
Schedule of Summarized Unaudited Financial Data of Sino Top [Table Text Block] | ' | ||||||
2014 | 2013 | ||||||
Revenue | $ | - | $ | - | |||
Net loss | $ | (2,674,976 | ) | $ | (1,918,070 | ) | |
Current assets | $ | 4,273,644 | $ | 1,306,535 | |||
Total assets | $ | 5,333,806 | $ | 2,011,955 | |||
Current liabilities | $ | 4,336,456 | $ | 5,898,497 | |||
Total liabilities | $ | 4,336,456 | $ | 5,898,497 |
Convertible_Notes_Payable_Tabl
Convertible Notes Payable (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Schedule of Convertible Debt [Table Text Block] | ' | |||||||||||||||
Secured | Convertible | Convertible | ||||||||||||||
Convertible | Redeemable | Promissory | Convertible | Total | ||||||||||||
Promissory | Notes (b) | Notes (c) | Notes (d) | |||||||||||||
Note (a) | ||||||||||||||||
Balance, December 31, 2013 | $ | 2,728,940 | $ | 271,510 | $ | 204,094 | $ | 93,510 | $ | 3,298,054 | ||||||
Conversion of notes for shares | - | - | (28,125 | ) | (108,460 | ) | (136,585 | ) | ||||||||
Interest and other charges | 248,270 | 88,753 | 63,082 | 14,950 | 415,055 | |||||||||||
Balance, September 30, 2014 | $ | 2,977,210 | $ | 360,263 | $ | 239,051 | $ | - | $ | 3,576,524 |
Related_Party_Transactions_and1
Related Party Transactions and Balances (Tables) | 9 Months Ended | ||||||
Sep. 30, 2014 | |||||||
Schedule of Related Party Transactions [Table Text Block] | ' | ||||||
30-Sep-14 | 31-Dec-13 | ||||||
Related party payable, non-interest bearing, due on demand and unsecured. | $ | 155,365 | $ | - |
Capital_Stock_Tables
Capital Stock (Tables) | 9 Months Ended | ||||||
Sep. 30, 2014 | |||||||
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block] | ' | ||||||
Weighted | |||||||
Number of | average exercise | ||||||
warrants | price | ||||||
Balance, December 31, 2013 | 12,235,000 | $ | 0.38 | ||||
Expired during the nine-month period ended September 30, 2014 | (10,010,000 | ) | (0.45 | ) | |||
Balance, September 30, 2014 | 2,225,000 | $ | 0.06 |
Supplemental_Cash_Flow_Informa1
Supplemental Cash Flow Information (Tables) | 9 Months Ended | |||||||||
Sep. 30, 2014 | ||||||||||
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | ' | |||||||||
For the period from May 9, | ||||||||||
Issuance of convertible notes payable | September 30, | September 30, | 1996 (date of inception) | |||||||
2014 | 2013 | through September 30, 2014 | ||||||||
Issuance of convertible notes payable | $ | - | $ | 122,500 | $ | 5,037,500 | ||||
Cash advances | - | - | 1,794,493 | |||||||
Interest accrued and other charges | 415,055 | 285,206 | 1,082,739 | |||||||
Notes receivable | - | - | (4,952,500 | ) | ||||||
Cash repayments on notes receivable | - | - | 2,392,143 | |||||||
Deferred charges | - | - | 807,869 | |||||||
Settlement of notes payable and receivable | - | - | 894,087 | |||||||
$ | 415,055 | $ | 407,706 | $ | 7,056,331 |
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | ' | ||||
2014 | $ | 15,285 | |||
2015 | 25,477 | ||||
$ | 40,762 |
Segmented_Information_Tables
Segmented Information (Tables) | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||
Schedule of Segment Reporting Information, Total Assets[Table Text Block] | ' | ' | ' | ||||||||||||||||||||||||||||||||||||
As at September 30, 2014 | Corporate | Mexico | China | Total | As at December 31, 2013 | Corporate | Mexico | China | Total | ||||||||||||||||||||||||||||||
Equity investment | $ | - | $ | - | $ | 2,610,784 | $ | 2,610,784 | Equity investment | $ | - | $ | - | $ | 3,680,774 | $ | 3,680,774 | ||||||||||||||||||||||
Total assets | $ | 187,133 | $ | - | $ | 2,610,784 | $ | 2,797,917 | Total assets | $ | 588,711 | $ | - | $ | 3,680,774 | $ | 4,269,485 | ||||||||||||||||||||||
Schedule of Revenue from External Customers [Table Text Block] | ' | ' | ' | ||||||||||||||||||||||||||||||||||||
Nine-month period ended September 30, 2014 | Corporate | Mexico | China | Total | Nine-month period ended September 30, 2013 | Corporate | Mexico | China | Total | ||||||||||||||||||||||||||||||
Revenues | $ | - | $ | - | $ | - | $ | - | Revenues | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||
Depreciation | $ | ( 97,989 | ) | $ | - | $ | - | $ | ( 97,989 | ) | Depreciation | $ | (95,338 | ) | $ | - | $ | - | $ | (95,338 | ) | ||||||||||||||||||
Loss before income tax | $ | ( 1,248,070 | ) | $ | ( 74,981 | ) | $ | ( 1,069,990 | ) | $ | ( 2,393,041 | ) | Loss before income tax | $ | (1,270,556 | ) | $ | (74,981 | ) | $ | (767,228 | ) | $ | (2,112,765 | ) |
Going_Concern_and_Exploration_1
Going Concern and Exploration Stage Activities (Narrative) (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Going Concern And Exploration Stage Activities 1 | $6,585,546 |
Going Concern And Exploration Stage Activities 2 | 5,622,503 |
Going Concern And Exploration Stage Activities 3 | 2,393,041 |
Going Concern And Exploration Stage Activities 4 | 2,112,765 |
Going Concern And Exploration Stage Activities 5 | 50,590,189 |
Going Concern And Exploration Stage Activities 6 | 40.00% |
Going Concern And Exploration Stage Activities 7 | 20.00% |
Going Concern And Exploration Stage Activities 8 | 1,069,279 |
Going Concern And Exploration Stage Activities 9 | $1,014,140 |
Financial_Instruments_Narrativ
Financial Instruments (Narrative) (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Financial Instruments 1 | $74,981 |
Financial Instruments 2 | 272,189 |
Financial Instruments 3 | 1,208,634 |
Financial Instruments 4 | $260,173 |
Other_Receivables_Narrative_De
Other Receivables (Narrative) (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Other Receivables 1 | $2,777 |
Other Receivables 2 | $3,968 |
Plant_and_Equipment_net_Narrat
Plant and Equipment, net (Narrative) (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Plant And Equipment, Net 1 | $14,769 |
Equity_Investment_Narrative_De
Equity Investment (Narrative) (Details) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2014 | |
USD ($) | CNY | |
Equity Investment 1 | 40.00% | 40.00% |
Equity Investment 2 | ' | 171,000,000 |
Equity Investment 3 | 27,856,000 | ' |
Equity Investment 4 | ' | 76,000,000 |
Equity Investment 5 | 12,380,000 | ' |
Equity Investment 6 | 20.00% | 20.00% |
Equity Investment 7 | ' | 50,000,000 |
Equity Investment 8 | 8,145,000 | ' |
Equity Investment 9 | ' | 26,000,000 |
Equity Investment 10 | $4,235,000 | ' |
Equity Investment 11 | 40.00% | 40.00% |
Equity Investment 12 | 20.00% | 20.00% |
Advance_Credit_Note_Narrative_
Advance Credit Note (Narrative) (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Advance Credit Note 1 | $1,069,279 |
Advance Credit Note 2 | 1,014,140 |
Advance Credit Note 3 | $1,014,140 |
Promissory_Note_Payable_Narrat
Promissory Note Payable (Narrative) (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Promissory Note Payable 1 | $166,623 |
Promissory Note Payable 2 | 5.00% |
Promissory Note Payable 3 | 74,981 |
Promissory Note Payable 4 | $74,981 |
LongTerm_Debt_Narrative_Detail
Long-Term Debt (Narrative) (Details) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2014 | |
USD ($) | CNY | |
Long-term Debt 1 | ' | 1,000,000 |
Long-term Debt 2 | 163,000 | ' |
Long-term Debt 3 | 12.00% | 12.00% |
Long-term Debt 4 | ' | 400,000 |
Long-term Debt 5 | 65,000 | ' |
Long-term Debt 6 | ' | 200,000 |
Long-term Debt 7 | 32,500 | ' |
Long-term Debt 8 | ' | 200,000 |
Long-term Debt 9 | $32,700 | ' |
Convertible_Notes_Payable_Narr
Convertible Notes Payable (Narrative) (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Convertible Notes Payable 1 | $2,500,000 |
Convertible Notes Payable 2 | 2,750,000 |
Convertible Notes Payable 3 | 10 |
Convertible Notes Payable 4 | 10 |
Convertible Notes Payable 5 | 10 |
Convertible Notes Payable 6 | 28,125 |
Convertible Notes Payable 7 | 2,500,000 |
Convertible Notes Payable 8 | 10 |
Convertible Notes Payable 9 | $108,460 |
Convertible Notes Payable 10 | 9,884,147 |
Related_Party_Transactions_and2
Related Party Transactions and Balances (Narrative) (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Related Party Transactions And Balances 1 | $243,000 |
Related Party Transactions And Balances 2 | 243,000 |
Related Party Transactions And Balances 3 | 48,000 |
Related Party Transactions And Balances 4 | 54,000 |
Related Party Transactions And Balances 5 | 27,000 |
Related Party Transactions And Balances 6 | 0 |
Related Party Transactions And Balances 7 | 162,000 |
Related Party Transactions And Balances 8 | 0 |
Related Party Transactions And Balances 9 | 138,000 |
Related Party Transactions And Balances 10 | 102,000 |
Related Party Transactions And Balances 11 | 46,945 |
Related Party Transactions And Balances 12 | 54,947 |
Related Party Transactions And Balances 13 | 4,567 |
Related Party Transactions And Balances 14 | 4,809 |
Related Party Transactions And Balances 15 | 0 |
Related Party Transactions And Balances 16 | $30,510 |
Capital_Stock_Narrative_Detail
Capital Stock (Narrative) (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Y | |
Capital Stock 1 | 650,000 |
Capital Stock 2 | 12,384,147 |
Capital Stock 3 | 2,225,000 |
Capital Stock 4 | $0.06 |
Capital Stock 5 | 0.47 |
Supplemental_Cash_Flow_Informa2
Supplemental Cash Flow Information (Narrative) (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Supplemental Cash Flow Information 1 | $0 |
Supplemental Cash Flow Information 2 | 0 |
Supplemental Cash Flow Information 3 | $136,585 |
Supplemental Cash Flow Information 4 | 12,384,147 |
Subsequent_Events_Narrative_De
Subsequent Events (Narrative) (Details) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2014 | |
USD ($) | CNY | |
Subsequent Events 1 | ' | 200,000 |
Subsequent Events 2 | $32,700 | ' |
Schedule_of_Plant_and_Equipmen
Schedule of Plant and Equipment, net (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Plant And Equipment, Net Schedule Of Plant And Equipment, Net 1 | $40,559 |
Plant And Equipment, Net Schedule Of Plant And Equipment, Net 2 | 37,280 |
Plant And Equipment, Net Schedule Of Plant And Equipment, Net 3 | 3,279 |
Plant And Equipment, Net Schedule Of Plant And Equipment, Net 4 | 4,221 |
Plant And Equipment, Net Schedule Of Plant And Equipment, Net 5 | 45,720 |
Plant And Equipment, Net Schedule Of Plant And Equipment, Net 6 | 36,281 |
Plant And Equipment, Net Schedule Of Plant And Equipment, Net 7 | 9,439 |
Plant And Equipment, Net Schedule Of Plant And Equipment, Net 8 | 11,098 |
Plant And Equipment, Net Schedule Of Plant And Equipment, Net 9 | 381,558 |
Plant And Equipment, Net Schedule Of Plant And Equipment, Net 10 | 284,297 |
Plant And Equipment, Net Schedule Of Plant And Equipment, Net 11 | 97,261 |
Plant And Equipment, Net Schedule Of Plant And Equipment, Net 12 | 192,649 |
Plant And Equipment, Net Schedule Of Plant And Equipment, Net 13 | 467,837 |
Plant And Equipment, Net Schedule Of Plant And Equipment, Net 14 | 357,858 |
Plant And Equipment, Net Schedule Of Plant And Equipment, Net 15 | 109,979 |
Plant And Equipment, Net Schedule Of Plant And Equipment, Net 16 | $207,968 |
Schedule_of_Equity_Method_Inve
Schedule of Equity Method Investments (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Equity Investment Schedule Of Equity Method Investments 1 | $3,680,774 |
Equity Investment Schedule Of Equity Method Investments 2 | 40.00% |
Equity Investment Schedule Of Equity Method Investments 3 | -1,069,990 |
Equity Investment Schedule Of Equity Method Investments 4 | $2,610,784 |
Schedule_of_Net_Income_Loss_40
Schedule of Net Income (Loss) 40% Share, Equity Investment (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Equity Investment Schedule Of Net Income (loss) 40% Share, Equity Investment 1 | ($859,521) |
Equity Investment Schedule Of Net Income (loss) 40% Share, Equity Investment 2 | -582,867 |
Equity Investment Schedule Of Net Income (loss) 40% Share, Equity Investment 3 | -210,469 |
Equity Investment Schedule Of Net Income (loss) 40% Share, Equity Investment 4 | -184,361 |
Equity Investment Schedule Of Net Income (loss) 40% Share, Equity Investment 5 | 40.00% |
Equity Investment Schedule Of Net Income (loss) 40% Share, Equity Investment 6 | -1,069,990 |
Equity Investment Schedule Of Net Income (loss) 40% Share, Equity Investment 7 | ($767,228) |
Schedule_of_Summarized_Unaudit
Schedule of Summarized Unaudited Financial Data of Sino Top (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Equity Investment Schedule Of Summarized Unaudited Financial Data Of Sino Top 1 | $0 |
Equity Investment Schedule Of Summarized Unaudited Financial Data Of Sino Top 2 | 0 |
Equity Investment Schedule Of Summarized Unaudited Financial Data Of Sino Top 3 | -2,674,976 |
Equity Investment Schedule Of Summarized Unaudited Financial Data Of Sino Top 4 | -1,918,070 |
Equity Investment Schedule Of Summarized Unaudited Financial Data Of Sino Top 5 | 4,273,644 |
Equity Investment Schedule Of Summarized Unaudited Financial Data Of Sino Top 6 | 1,306,535 |
Equity Investment Schedule Of Summarized Unaudited Financial Data Of Sino Top 7 | 5,333,806 |
Equity Investment Schedule Of Summarized Unaudited Financial Data Of Sino Top 8 | 2,011,955 |
Equity Investment Schedule Of Summarized Unaudited Financial Data Of Sino Top 9 | 4,336,456 |
Equity Investment Schedule Of Summarized Unaudited Financial Data Of Sino Top 10 | 5,898,497 |
Equity Investment Schedule Of Summarized Unaudited Financial Data Of Sino Top 11 | 4,336,456 |
Equity Investment Schedule Of Summarized Unaudited Financial Data Of Sino Top 12 | $5,898,497 |
Schedule_of_Convertible_Debt_D
Schedule of Convertible Debt (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Convertible Notes Payable Schedule Of Convertible Debt 1 | $2,728,940 |
Convertible Notes Payable Schedule Of Convertible Debt 2 | 271,510 |
Convertible Notes Payable Schedule Of Convertible Debt 3 | 204,094 |
Convertible Notes Payable Schedule Of Convertible Debt 4 | 93,510 |
Convertible Notes Payable Schedule Of Convertible Debt 5 | 3,298,054 |
Convertible Notes Payable Schedule Of Convertible Debt 6 | 0 |
Convertible Notes Payable Schedule Of Convertible Debt 7 | 0 |
Convertible Notes Payable Schedule Of Convertible Debt 8 | -28,125 |
Convertible Notes Payable Schedule Of Convertible Debt 9 | -108,460 |
Convertible Notes Payable Schedule Of Convertible Debt 10 | -136,585 |
Convertible Notes Payable Schedule Of Convertible Debt 11 | 248,270 |
Convertible Notes Payable Schedule Of Convertible Debt 12 | 88,753 |
Convertible Notes Payable Schedule Of Convertible Debt 13 | 63,082 |
Convertible Notes Payable Schedule Of Convertible Debt 14 | 14,950 |
Convertible Notes Payable Schedule Of Convertible Debt 15 | 415,055 |
Convertible Notes Payable Schedule Of Convertible Debt 16 | 2,977,210 |
Convertible Notes Payable Schedule Of Convertible Debt 17 | 360,263 |
Convertible Notes Payable Schedule Of Convertible Debt 18 | 239,051 |
Convertible Notes Payable Schedule Of Convertible Debt 19 | 0 |
Convertible Notes Payable Schedule Of Convertible Debt 20 | $3,576,524 |
Schedule_of_Related_Party_Tran
Schedule of Related Party Transactions (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Related Party Transactions And Balances Schedule Of Related Party Transactions 1 | $155,365 |
Related Party Transactions And Balances Schedule Of Related Party Transactions 2 | $0 |
Schedule_of_Stockholders_Equit
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Capital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 1 | $12,235,000 |
Capital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 2 | 0.38 |
Capital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 3 | -10,010,000 |
Capital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 4 | -0.45 |
Capital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 5 | $2,225,000 |
Capital Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 6 | 0.06 |
Schedule_of_Cash_Flow_Suppleme
Schedule of Cash Flow, Supplemental Disclosures (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 1 | $0 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 2 | 122,500 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 3 | 5,037,500 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 4 | 0 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 5 | 0 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 6 | 1,794,493 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 7 | 415,055 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 8 | 285,206 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 9 | 1,082,739 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 10 | 0 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 11 | 0 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 12 | -4,952,500 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 13 | 0 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 14 | 0 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 15 | 2,392,143 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 16 | 0 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 17 | 0 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 18 | 807,869 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 19 | 0 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 20 | 0 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 21 | 894,087 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 22 | 415,055 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 23 | 407,706 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 24 | $7,056,331 |
Schedule_of_Future_Minimum_Ren
Schedule of Future Minimum Rental Payments for Operating Leases (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 1 | $15,285 |
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 2 | 25,477 |
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 3 | $40,762 |
Schedule_of_Segment_Reporting_
Schedule of Segment Reporting Information, Total Assets[Table Text Block] (Details) (USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2014 | Dec. 31, 2013 | |
Segmented Information Schedule Of Segment Reporting Information, Total Asset 1 | $0 | ' |
Segmented Information Schedule Of Segment Reporting Information, Total Asset 2 | 0 | ' |
Segmented Information Schedule Of Segment Reporting Information, Total Asset 3 | 2,610,784 | ' |
Segmented Information Schedule Of Segment Reporting Information, Total Asset 4 | 2,610,784 | ' |
Segmented Information Schedule Of Segment Reporting Information, Total Asset 5 | 187,133 | ' |
Segmented Information Schedule Of Segment Reporting Information, Total Asset 6 | 0 | ' |
Segmented Information Schedule Of Segment Reporting Information, Total Asset 7 | 2,610,784 | ' |
Segmented Information Schedule Of Segment Reporting Information, Total Asset 8 | 2,797,917 | ' |
Segmented Information Schedule Of Segment Reporting Information, Total Asset 1 | ' | 0 |
Segmented Information Schedule Of Segment Reporting Information, Total Asset 2 | ' | 0 |
Segmented Information Schedule Of Segment Reporting Information, Total Asset 3 | ' | 3,680,774 |
Segmented Information Schedule Of Segment Reporting Information, Total Asset 4 | ' | 3,680,774 |
Segmented Information Schedule Of Segment Reporting Information, Total Asset 5 | ' | 588,711 |
Segmented Information Schedule Of Segment Reporting Information, Total Asset 6 | ' | 0 |
Segmented Information Schedule Of Segment Reporting Information, Total Asset 7 | ' | 3,680,774 |
Segmented Information Schedule Of Segment Reporting Information, Total Asset 8 | ' | $4,269,485 |
Schedule_of_Revenue_from_Exter
Schedule of Revenue from External Customers (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Segmented Information Schedule Of Revenue From External Customers 1 | $0 | ' |
Segmented Information Schedule Of Revenue From External Customers 2 | 0 | ' |
Segmented Information Schedule Of Revenue From External Customers 3 | 0 | ' |
Segmented Information Schedule Of Revenue From External Customers 4 | 0 | ' |
Segmented Information Schedule Of Revenue From External Customers 5 | 97,989 | ' |
Segmented Information Schedule Of Revenue From External Customers 6 | 0 | ' |
Segmented Information Schedule Of Revenue From External Customers 7 | 0 | ' |
Segmented Information Schedule Of Revenue From External Customers 8 | 97,989 | ' |
Segmented Information Schedule Of Revenue From External Customers 9 | 1,248,070 | ' |
Segmented Information Schedule Of Revenue From External Customers 10 | 74,981 | ' |
Segmented Information Schedule Of Revenue From External Customers 11 | 1,069,990 | ' |
Segmented Information Schedule Of Revenue From External Customers 12 | 2,393,041 | ' |
Segmented Information Schedule Of Revenue From External Customers 1 | ' | 0 |
Segmented Information Schedule Of Revenue From External Customers 2 | ' | 0 |
Segmented Information Schedule Of Revenue From External Customers 3 | ' | 0 |
Segmented Information Schedule Of Revenue From External Customers 4 | ' | 0 |
Segmented Information Schedule Of Revenue From External Customers 5 | ' | -95,338 |
Segmented Information Schedule Of Revenue From External Customers 6 | ' | 0 |
Segmented Information Schedule Of Revenue From External Customers 7 | ' | 0 |
Segmented Information Schedule Of Revenue From External Customers 8 | ' | -95,338 |
Segmented Information Schedule Of Revenue From External Customers 9 | ' | -1,270,556 |
Segmented Information Schedule Of Revenue From External Customers 10 | ' | -74,981 |
Segmented Information Schedule Of Revenue From External Customers 11 | ' | -767,228 |
Segmented Information Schedule Of Revenue From External Customers 12 | ' | ($2,112,765) |