Document and Entity Information
Document and Entity Information | 18 Months Ended |
Jul. 31, 2015 | |
Document Type | S1 |
Amendment Flag | false |
Document Period End Date | Jul. 31, 2015 |
Trading Symbol | lbsr |
Entity Registrant Name | LIBERTY STAR URANIUM & METALS CORP. |
Entity Central Index Key | 1,172,178 |
Current Fiscal Year End Date | --01-31 |
Entity Filer Category | Smaller Reporting Company |
Entity Current Reporting Status | Yes |
Entity Voluntary Filers | No |
Entity Well Known Seasoned Issuer | No |
Document Fiscal Year Focus | 2,016 |
Document Fiscal Period Focus | FY |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Jul. 31, 2015 | Jan. 31, 2015 | Jan. 31, 2014 |
Current: | |||
Cash and cash equivalents | $ 1,897 | $ 53,517 | $ 55,089 |
Advances | 1,152 | 1,052 | 1,000 |
Deferred financing costs | 0 | 38,052 | |
Prepaid expenses | 80,477 | 88,288 | 9,109 |
Total current assets | 83,526 | 142,857 | 103,250 |
Property and equipment, net | 19,742 | 32,338 | 49,792 |
Total assets | 103,268 | 175,195 | 153,042 |
Current: | |||
Current portion of long-term debt | 3,708 | 6,149 | 5,594 |
Convertible promissory note, net of debt discount of $36,891 and $41,928 | 25,270 | 516,018 | 4,193,090 |
Accounts payable and accrued liabilities | 313,828 | 250,932 | 254,261 |
Accrued wages to related parties | 447,492 | 404,992 | 340,992 |
Accrued interest | 0 | 0 | 1,465,059 |
Derivative liability | 60,839 | 216,705 | 46,985 |
Total current liabilities | 851,137 | 1,394,796 | 6,305,981 |
Long-term: | |||
Long-term debt, net of current portion | 0 | 561 | 6,710 |
Long-term convertible note payable | 149,911 | 106,697 | 0 |
Total long-term liabilities | 149,911 | 107,258 | 6,710 |
Total liabilities | 1,001,048 | 1,502,054 | 6,312,691 |
Stockholders' deficit | |||
Common stock - $.00001 par value; 6,250,000,000 and 1,250,000,000 shares authorized; 1,247,761,119 and 920,001,430 shares issued and outstanding | 12,478 | 9,200 | 8,302 |
Stock subscription receivable | (55,673) | (55,673) | 0 |
Additional paid-in capital | 51,033,867 | 49,798,278 | 49,026,144 |
Accumulated deficit | (51,888,452) | (51,078,664) | (55,194,095) |
Total stockholders' deficit | (897,780) | (1,326,859) | (6,159,649) |
Total liabilities and shareholders' deficit | $ 103,268 | $ 175,195 | $ 153,042 |
CONDENSED CONSOLIDATED BALANCE3
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) | Jul. 31, 2015 | Jan. 31, 2015 | Jan. 31, 2014 |
Debt Instrument, Unamortized Discount | $ 36,891 | $ 41,928 | $ 34,584 |
Common Stock, Par Value Per Share | $ 0.00001 | $ 0.00001 | $ 0.00001 |
Common Stock, Shares Authorized | 6,250,000,000 | 1,250,000,000 | 1,250,000,000 |
Common Stock, Shares, Issued | 1,247,761,119 | 920,001,430 | 830,236,231 |
Common Stock, Shares, Outstanding | 1,247,761,119 | 920,001,430 | 830,236,231 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jul. 31, 2015 | Jul. 31, 2014 | Jul. 31, 2015 | Jul. 31, 2014 | Jan. 31, 2015 | Jan. 31, 2014 | |
Revenues | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Expenses: | ||||||
Geological and geophysical costs | 15,515 | 49,858 | 35,629 | 94,626 | 173,057 | 463,124 |
Salaries and benefits | 71,871 | 70,437 | 146,027 | 142,217 | 293,096 | 513,418 |
Public relations | 2,233 | 15,017 | 7,837 | 55,603 | 136,453 | 210,776 |
Depreciation | 6,298 | 6,203 | 12,596 | 14,489 | 27,324 | 32,827 |
Legal | 25,075 | 7,124 | 46,501 | 48,937 | 79,117 | 177,472 |
Professional services | 12,511 | 31,495 | 30,694 | 55,645 | 89,785 | 51,115 |
General and administrative | 57,995 | 64,453 | 90,805 | 111,112 | 223,128 | 268,236 |
Travel | 2,077 | 7,016 | 3,549 | 17,197 | 24,824 | 46,268 |
Net operating expenses | 193,575 | 251,603 | 373,638 | 539,826 | 1,046,784 | 1,763,236 |
Loss from operations | (193,575) | (251,603) | (373,638) | (539,826) | (1,046,784) | (1,763,236) |
Other income (expense): | ||||||
Interest income | 0 | 1 | 1 | 3 | 5 | 15 |
Interest expense | (158,362) | (129,472) | (592,458) | (414,690) | (643,430) | (522,953) |
Gain (loss) on settlement of debt | 72,308 | 0 | 72,308 | 5,322,943 | 5,322,943 | 0 |
Gain (loss) on change in fair value of derivative liability | 10,489 | (11,719) | 83,999 | 262,912 | 482,697 | (31,873) |
Total other income (expense) | (75,565) | (141,190) | (436,150) | 5,171,168 | 5,162,215 | (554,811) |
Net income (loss) | $ (269,140) | $ (392,793) | $ (809,788) | $ 4,631,342 | $ 4,115,431 | $ (2,318,047) |
Basic net income (loss) per share of common stock | $ 0 | $ 0 | $ 0 | $ 0.01 | $ 0 | $ 0 |
Diluted net income (loss) per share of common stock | $ 0 | $ 0 | $ 0 | $ 0.01 | $ 0 | $ 0 |
Basic weighted average number of shares of common stock outstanding | 1,154,233,598 | 879,594,977 | 1,058,515,905 | 863,351,209 | 884,138,341 | 803,439,114 |
Diluted weighted average number of shares of common stock outstanding | 1,154,233,598 | 879,594,977 | 1,058,515,905 | 906,509,670 | 1,004,926,936 | 803,439,114 |
CONDENSED CONSOLIDATED STATEME5
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 6 Months Ended | 12 Months Ended | ||
Jul. 31, 2015 | Jul. 31, 2014 | Jan. 31, 2015 | Jan. 31, 2014 | |
Cash flows from operating activities: | ||||
Net income (loss) | $ (809,788) | $ 4,631,342 | $ 4,115,431 | $ (2,318,047) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||
Depreciation | 12,596 | 14,489 | 27,324 | 32,827 |
Amortization of deferred financing charges | 0 | 22,831 | 38,052 | 7,611 |
Amortization of debt discount | 563,152 | 225,953 | 403,579 | 12,916 |
(Gain) loss on settlement of debt | (72,308) | (5,322,943) | (5,322,943) | 0 |
(Gain) loss on change in fair value of warrant liability | (83,999) | (262,912) | (482,697) | 31,873 |
Share based compensation | 5,616 | 5,616 | 11,232 | 240,622 |
Common shares issued for third party services | 0 | 17,500 | 54,000 | 61,938 |
Common shares issued pursuant to legal settlement | 17,500 | 0 | ||
Warrants issued for third party services | 0 | 6,440 | 0 | 29,823 |
Warrants issued pursuant to legal settlement | 6,440 | 0 | ||
Changes in assets and liabilities: | ||||
Prepaid expenses | 7,811 | 1,256 | (79,179) | (447) |
Other current assets | (100) | 0 | (52) | (1,000) |
Accounts payable and accrued expenses | 61,227 | 44,834 | (3,329) | 122,780 |
Accrued wages related parties | 44,169 | 32,000 | 64,000 | 64,000 |
Accrued interest | 25,705 | 157,680 | 190,283 | 492,442 |
Cash flows used in operating activities: | (245,919) | (425,914) | (960,359) | (1,222,662) |
Cash flows from investing activities: | ||||
Purchase of equipment | 0 | (6,369) | (9,870) | (1,418) |
Net cash used in investing activities | 0 | (6,369) | (9,870) | (1,418) |
Cash flows from financing activities: | ||||
Payments on long-term debt | (3,001) | (2,731) | (5,594) | (5,090) |
Cash paid on deferred financing costs | 0 | 0 | 0 | (15,500) |
Principal activity on convertible promissory notes | 150,000 | 75,000 | 500,000 | 450,000 |
Proceeds from the issuance of common stock, net of expenses | 47,300 | 474,250 | 474,251 | 732,043 |
Proceeds from long-term debt | 0 | 0 | ||
Net cash provided by financing activities | 194,299 | 546,519 | 968,657 | 1,161,453 |
Increase (decrease) in cash and cash equivalents | (51,620) | 114,236 | (1,572) | (62,627) |
Cash and cash equivalents, beginning of period | 53,517 | 55,089 | 55,089 | 117,716 |
Cash and cash equivalents, end of period | 1,897 | 169,325 | 53,517 | 55,089 |
Supplemental disclosure of cash flow information: | ||||
Income tax paid | 0 | 0 | 0 | 0 |
Interest paid | 3,602 | 6,916 | 10,587 | 17,595 |
Supplemental disclosure of non-cash items: | ||||
Cashless exercise of common stock purchase warrants | 0 | 61 | ||
Settlement of accounts payable through issuance of common stock | 0 | 20,000 | ||
Stock subscription receivable | 0 | 55,673 | 55,673 | 0 |
Resolutions of derivative liabilities due to debt conversions | 656,034 | 146,524 | 256,748 | 0 |
Warrants reclassed to derivative liabilities | 36,552 | 520,552 | 520,552 | 0 |
Debt discounts due to derivative liabilities | 411,247 | 325,031 | 382,173 | 0 |
Common stock issued for conversion of debt and interest | 638,656 | 242,918 | 424,180 | 0 |
Original issue discount | $ 10,500 | $ 10,500 | $ 28,750 | $ 47,500 |
CONSOLIDATED STATEMENTS OF STOC
CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (DEFICIT) - USD ($) | Common stock [Member] | Stock subscription receivable [Member] | Additional paid-in capital [Member] | Accumulated deficit [Member] | Total |
Beginning Balance at Jan. 31, 2013 | $ 7,408 | $ 47,912,449 | $ (52,876,048) | $ (4,956,191) | |
Beginning Balance (Shares) at Jan. 31, 2013 | 740,710,265 | ||||
Cashless exercise of common stock purchase warrants | $ 61 | (61) | |||
Cashless exercise of common stock purchase warrants (Shares) | 6,087,165 | ||||
Issuance of common stock and warrants private placement, net | $ 236 | 271,807 | 272,043 | ||
Issuance of common stock and warrants private placement, net (Shares) | 23,606,957 | ||||
Issuance of common shares for cash pursuant to investment agreement | $ 541 | 459,459 | 460,000 | ||
Issuance of common shares for cash pursuant to investment agreement (Shares) | 54,145,363 | ||||
Stock issued in exchange for services | $ 29 | 61,909 | 61,938 | ||
Stock issued in exchange for services (Shares) | 2,934,763 | ||||
Shares issued for deferred financing cost | $ 12 | 30,151 | 30,163 | ||
Shares issued for deferred financing cost (Shares) | 1,225,000 | ||||
Shares issued for settlement of accounts payable | $ 15 | 19,985 | 20,000 | ||
Shares issued for settlement of accounts payable (Shares) | 1,526,718 | ||||
Warrants issued for services | 7,682 | 7,682 | |||
Warrants issued for settlement of accounts payable | 22,141 | 22,141 | |||
Stock based compensation | 240,622 | 240,622 | |||
Net income | (2,318,047) | (2,318,047) | |||
Ending Balance at Jan. 31, 2014 | $ 8,302 | 49,026,144 | (55,194,095) | (6,159,649) | |
Ending Balance (Shares) at Jan. 31, 2014 | 830,236,231 | ||||
Issuance of common stock and warrants private placement, net | $ 64 | 72,936 | 73,000 | ||
Issuance of common stock and warrants private placement, net (Shares) | 6,424,979 | ||||
Issuance of common shares for cash pursuant to investment agreement | $ 343 | $ (55,673) | 456,581 | 401,251 | |
Issuance of common shares for cash pursuant to investment agreement (Shares) | 34,214,226 | ||||
Stock issued pursuant to legal settlement | $ 10 | 17,490 | 17,500 | ||
Stock issued pursuant to legal settlement (Shares) | 1,000,000 | ||||
Stock issued in exchange for services | $ 25 | 53,975 | 54,000 | ||
Stock issued in exchange for services (Shares) | 2,511,628 | ||||
Shares issued for conversion of notes | $ 456 | 423,724 | 424,180 | ||
Shares issued for conversion of notes (Shares) | 45,614,366 | ||||
Shares issued for deferred financing cost | 0 | ||||
Resolution of derivative liabilities due to debt conversions | 256,748 | 256,748 | |||
Warrants reclassified to derivative liabilities | (520,552) | (520,552) | |||
Stock based compensation | 11,232 | 11,232 | |||
Net income | 4,115,431 | 4,115,431 | |||
Ending Balance at Jan. 31, 2015 | $ 9,200 | $ (55,673) | $ 49,798,278 | $ (51,078,664) | (1,326,859) |
Ending Balance (Shares) at Jan. 31, 2015 | 920,001,430 | ||||
Net income | (809,788) | ||||
Ending Balance at Jul. 31, 2015 | $ (897,780) |
Interim financial statement dis
Interim financial statement disclosure | 6 Months Ended |
Jul. 31, 2015 | |
Interim financial statement disclosure [Text Block] | NOTE 1 – Interim financial statement disclosure The condensed consolidated financial statements included herein have been prepared by Liberty Star Uranium & Metals Corp. without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”) and should be read in conjunction with our annual report on Form 10-K for the year ended January 31, 2015 as filed with the SEC under the Securities and Exchange Act of 1934 (the “Exchange Act”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted, as permitted by the SEC, although we believe the disclosures which are made are adequate to make the information presented not misleading. The condensed consolidated financial statements reflect, in the opinion of management, all normal recurring adjustments necessary to present fairly our financial position at July 31, 2015 and the results of our operations and cash flows for the periods presented. Interim results are subject to significant seasonal variations and the results of operations for the three and six months ended July 31, 2015 are not necessarily indicative of the results to be expected for the full year. Certain amounts in the prior-year financial statements have been reclassified for comparative purposes to conform with the presentation in the current-year financial statements |
Organization
Organization | 12 Months Ended |
Jan. 31, 2015 | |
Organization [Text Block] | NOTE 1 – Organization Liberty Star Uranium & Metals Corp. (the “Company”, “we” or “Liberty Star”) was formerly Liberty Star Gold Corp. and formerly Titanium Intelligence, Inc. (“Titanium”). Titanium was incorporated on August 20, 2001 under the laws of the State of Nevada. On February 5, 2004 we commenced operations in the acquisition and exploration of mineral properties business. Big Chunk Corp. (“Big Chunk”) is our wholly owned subsidiary and was incorporated on December 14, 2003 in the State of Alaska. Big Chunk is engaged in the acquisition and exploration of mineral properties business in the State of Alaska. Redwall Drilling Inc. (“Redwall”) was our wholly owned subsidiary and was incorporated on August 31, 2007 in the State of Arizona. Redwall performed drilling services on the Company’s mineral properties. Redwall ceased drilling activities in July 2008 and was dissolved on March 30, 2010. We formed the wholly owned subsidiary, Hay Mountain Super Project LLC (“HMSP”) incorporated on October 24, 2014, to serve as the primary holding company for development of the potential ore bodies encompassed in the Hay Mountain area of interest in Arizona. In April 2007, we changed our name to Liberty Star Uranium & Metals Corp. We have not generated any revenues from operations. These consolidated financial statements include the results of operations and cash flows of Liberty Star Uranium & Metals Corp. and its wholly owned subsidiaries, Big Chunk and HMSP. All significant intercompany accounts and transactions were eliminated upon consolidation. These consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) with the on-going assumption that we will be able to realize our assets and discharge our liabilities in the normal course of business. However, certain conditions noted below currently exist which raise substantial doubt about our ability to continue as a going concern. These consolidated financial statements do not include any adjustments to the amounts and classifications of assets and liabilities that might be necessary should we be unable to continue as a going concern. Our operations have primarily been funded by the issuance of common stock and debt. Continued operations are dependent on our ability to complete equity financings or generate profitable operations in the future. Management’s plan in this regard is to secure additional funds through future equity financings, joint venture agreements or debt. Such financings may not be available, or may not be available on reasonable terms. |
Going concern
Going concern | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015 | Jan. 31, 2015 | |
Going concern [Text Block] | NOTE 2– Going concern The Company has incurred losses from operations, and requires additional funds for further exploratory activity and to maintain its claims prior to attaining a revenue generating status. There are no assurances that a commercially viable mineral deposit exists on any of our properties. In addition, the Company may not find sufficient ore reserves to be commercially mined. As such, there is substantial doubt about the Company’s ability to continue as a going concern. Management is working to secure additional funds through the exercise of stock warrants already outstanding, equity financings, debt financings or joint venture agreements. The condensed consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties. | NOTE 3 – Going concern The Company has incurred losses from operations and requires additional funds for further exploratory activity and to maintain its claims prior to attaining a revenue generating status. There are no assurances that a commercially viable mineral deposit exists on any of our properties. In addition, the Company may not find sufficient ore reserves to be commercially mined. As such, there is substantial doubt about the Company’s ability to continue as a going concern. Management is working to secure additional funds through the exercise of stock warrants already outstanding, equity financings, debt financings or joint venture agreements. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015 | Jan. 31, 2015 | |
Summary of Significant Accounting Policies [Text Block] | NOTE 3 – Summary of Significant Accounting Policies Fair Value ASC 820 Fair Value Measurements and Disclosures (“ASC 820”), defines fair value, establishes a framework for measuring fair value and enhances disclosures about fair value measurements. It defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable. Valuations may be obtained from, or corroborated by, third-party pricing services. Level 3: Unobservable inputs to measure fair value of assets and liabilities for which there is little, if any market activity at the measurement date, using reasonable inputs and assumptions based upon the best information at the time, to the extent that inputs are available without undue cost and effort. As of July 31, 2015 the significant inputs to the Company’s derivative liability calculation were Level 3 inputs. The following schedule summarizes the valuation of financial instruments at fair value in the balance sheets as of July 31, 2015 and January 31, 2015: Fair value measurements at reporting date using: Quoted prices in Significant active markets for Significant other unobservable identical liabilities observable inputs inputs Description Fair Value (Level 1) (Level 2) (Level 3) Warrant and convertible note derivative liability at July 31, 2015 $ 60,839 - - $ 60,839 Warrant and convertible note derivative liability at January 31, 2015 $ 216,705 - - $ 216,705 Our financial instruments consist of cash and cash equivalents, accounts payable, accrued liabilities, convertible notes payable, notes payable, and warrant liability. It is management’s opinion that we are not exposed to significant interest, currency or credit risks arising from these financial instruments. With the exception of the warrant liability, the fair value of these financial instruments approximates their carrying values based on their short maturities or for long-term debt based on borrowing rates currently available to us for loans with similar terms and maturities. Gains and losses recognized on changes in estimated fair value of the derivative liability are reported in other income (expense) as gain (loss) on change in fair value. | NOTE 2 – Summary of significant accounting policies The summary of significant accounting policies presented below is designed to assist in understanding the Company's consolidated financial statements. Such consolidated financial statements and accompanying notes are the representations of the Company’s management, who is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America in all material respects, and have been consistently applied in preparing the accompanying consolidated financial statements. The significant accounting policies adopted by the Company are as follows: Use of estimates The valuation of stock-based compensation, classification and valuation of common stock purchase warrants, classification and value of embedded conversion options, value of beneficial conversion features, valuation allowance on deferred tax assets, the determination of useful lives and recoverability of depreciable assets, accruals, and contingencies are significant estimates made by management. It is at least reasonably possible that a change in these estimates may occur in the near term. Principles of consolidation Cash and cash equivalents Mineral claim costs Long-lived assets and impairment of long-lived assets We review long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Recoverability of a long-lived asset group to be held and used in operations is measured by a comparison of the carrying amount to the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset group. If such asset group is considered to be impaired, the impairment loss is measured as the amount by which the carrying amount of the asset group exceeds its fair value. Long-lived assets to be disposed of are carried at the lower of cost or fair value less the costs of disposal. Convertible promissory notes Derivative liabilities The valuation of the derivative liability attached to the convertible debt is arrived at through the use of a Monte Carlo model that values the derivative liability within the notes. The technique applied generates a large number of possible (but random) price paths for the underlying (or underlyings) via simulation, and then calculates the associated payment value (cash, stock, or warrants) of the derivative features. The price of the underlying common stock is modeled such that it follows a geometric Brownian motion with constant drift, and elastic volatility (increasing as stock price decreases). The stock price is determined by a random sampling from a normal distribution. Since the underlying random process is the same, for enough price paths, the value of the derivative is derived from path dependent scenarios and outcomes. The features in the notes are analyzed and incorporated into the model included the conversion features with the reset provisions, the call/redemption/prepayment options, and the default provisions. Based on these features, there are six primary events that can occur; payments are made in cash; payments are made with stock; the note holder converts upon receiving a redemption notice; the note holder converts the note; the issuer redeems the note; or the Company defaults on the note. The model simulates the underlying economic factors that influenced which of these events would occur, when they were likely to occur, and the specific terms that would be in effect at the time (i.e. stock price, conversion price, etc.). Probabilities are assigned to each variable such as redemption likelihood, default likelihood, and timing and pricing of reset events over the remaining term of the notes based on management projections. This leads to a cash flow simulation over the life of the note. A discounted cash flow for each simulation is completed, and is compared to the discounted cash flow of the note without the embedded features, thus determining a value for the derivative liability. Common stock purchase warrants Stock based compensation Non-employee stock-based compensation is accounted for based on the fair value of the related stock or options or the fair value of the services on the grant date, whichever is more readily determinable. The fair value of options to be granted are estimated on the date of each grant using the Black-Scholes option pricing model and amortized ratably over the option's vesting periods, which approximates the service period. Environmental expenditures Fair Value of Financial Assets and Liabilities Level 1 Level 2 Level 3 Income taxes Net income (loss) per share Statement Presentation Recently issued accounting standards |
Mineral claims
Mineral claims | 12 Months Ended |
Jan. 31, 2015 | |
Mineral claims [Text Block] | NOTE 4– Mineral claims At January 31, 2015 we held a 100% interest in 211 standard federal lode mining claims on the Colorado Plateau Province of Northern Arizona (the “North Pipes Claims”). At January 31, 2015 we held a 100% interest in 95 standard federal lode mining claims located in the Tombstone region of Arizona. 29 federal lode mining claims are owned by JABA US Inc, an Arizona Corporation in which two of our directors are owners and 66 federal lode mining claims belong to Liberty Star Uranium & Metals Corp. At January 31, 2015 we held Arizona State Land Department Mineral Exploration Permits covering 2,367 acres in the Tombstone region of Arizona. At January 31, 2015 we held an option to explore 26 standard federal lode mining claims located in the East Silver Bell region of northwest Tucson, Arizona. The mineral claims are owned by JABA US Inc., an Arizona Corporation in which two of our directors are owners. At January 31, 2015 we held a 100% interest in 9 Alaska State mining claims in the Iliamna region of Southwestern Alaska, located on the north side of the Cook Inlet, approximately 200 miles southwest of the city of Anchorage, Alaska (the “Big Chunk Claims”). The transaction for 199 claims transferred to Northern Dynasty in conjunction with our loan settlement agreement has now closed, and is no longer pending. Title to mineral claims involves certain inherent risks due to difficulties of determining the validity of certain claims as well as potential for problems arising from the frequently ambiguous conveyance history characteristic of many mineral properties. All of the Company’s claims for mineral properties are in good standing as of January 31, 2015. |
Prepaid expenses
Prepaid expenses | 12 Months Ended |
Jan. 31, 2015 | |
Prepaid expenses [Text Block] | NOTE 5– Prepaid expenses At January 31, 2015, the company had prepaid approximately $70,000 relating to a private investor event scheduled for a future date. This amount is included in prepaid expenses as of January 31, 2015. |
Property and equipment
Property and equipment | 12 Months Ended |
Jan. 31, 2015 | |
Property and equipment [Text Block] | NOTE 6 – Property and equipment The balances of our major classes of depreciable assets and useful lives are: January 31, 2015 January 31, 2014 Geology Equipment ( 3 to 7 years) $ 264,734 $ 260,521 Vehicles and transportation equipment ( 5 years) 44,284 50,180 Office furniture and equipment ( 3 to 7 years) 81,061 75,404 390,079 386,105 Less: accumulated depreciation and amortization (357,741 ) (336,313 ) $ 32,338 $ 49,792 Depreciation expense was $27,324 and $32,827 for the years ended January 31, 2015 and January 31, 2014, respectively. |
Share-based compensation
Share-based compensation | 12 Months Ended |
Jan. 31, 2015 | |
Share-based compensation [Text Block] | NOTE 10 – Share-based compensation The 2010 Stock Option Plan was approved and adopted by the Board of Directors on August 10, 2010. The plan allows for up to 95,500,000 shares to be granted to key employees and non-employee consultants after specific objectives are met. The 2007 Stock Option Plan was approved and adopted by the Board of Directors on December 10, 2007. The plan allows for up to 2,500,000 shares to be granted to key employees and non-employee consultants after specific objectives are met. The 2004 Stock Option Plan was approved and adopted by the Board of Directors on December 27, 2004. The plan allows for up to 962,500 shares to be granted to key employees and non-employee consultants after specific objectives are met. Employees can receive incentive stock options and non-qualified stock options while non-employee consultants can receive only non-qualified stock options. The options granted vest under various provisions using graded vesting, not to exceed four years. The options granted have a term not to exceed ten years from the date of grant or five years for options granted to more than 10% stockholders. The option price set by the Plan Administration shall not be less than the fair market value per share of the common stock on the grant date or 110% of the fair market value per share of the common stock on the grant date for options granted to greater than 10% stockholders. Options remaining available for grant under the 2010 Stock Option Plan at January 31, 2015 and 2014 are 12,500,000 and 12,500,000. Options remaining available for grant under the 2007 Stock Option Plan at January 31, 2015 and 2014 are 50,000 and 50,000, respectively. Options remaining available for grant under the 2004 Stock Option Plan at January 31, 2015and 2014 are 127,626 and 32,876, respectively. In September 2013, there were 7,423,624 stock options granted at an exercise price of $0.0257 per share, exercisable until September 5, 2023 with a fair value net of forfeitures, at grant date of $210,300. The options granted were 100% vested for directors and shall vest in 25% immediately and 25% over four years increments on a yearly basis over the next four years for employees. In order to calculate the fair value of stock options at the date of grant, we use the Black-Scholes option pricing model. The volatility used was based on our historical volatility. The expected term was determined based on the simplified method outlined in Staff Accounting Bulletin No. 110. The risk-free interest rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. Remaining stock option expense to be recognized in future periods related to the award is $29,455. The following tables summarize the Company’s stock option activity during the years ended January 31, 2015 and 2014. Incentive stock options to employees and directors outstanding at January 31, 2015 are as follows: Weighted Weighted average Number of average remaining life Aggregate options exercise price (years) intrinsic value Outstanding, January 31, 2013 90,635,375 $ 0.047 $ - Granted 7,423,624 0.026 Cancelled (12,582,875 ) 0.041 Exercised - - Outstanding, January 31, 2014 85,476,124 $ 0.047 $ - Granted - - Cancelled (54,750 ) 6.710 Exercised - - Outstanding, January 31, 2015 85,421,374 $ 0.042 1.27 $ - Exercisable, January 31, 2015 84,010,886 $ 0.042 1.14 $ - The options cancelled during the year ended January 31, 2015 were a result of the options expiring. The options cancelled during the year ended January 31, 2014 were a result of employee terminations. The aggregate intrinsic value is calculated based on the stock price of $0.0086 and $0.0195 per share as of January 31, 2015 and 2014, respectively. We estimate the fair value of option awards on the grant date using the Black-Scholes valuation model. The Company uses historical volatility, disregarding identifiable periods of time in which share price was extraordinarily volatile due to certain events that are not expected to recur during the expected term, as its method to estimate expected volatility. The Company used the following assumptions to estimate the fair value of stock option grants to employees and non-employees: Expected Expected dividend Risk-free interest Grant date volatility yield Expected term rate Forfeiture rate January 10, 2012 128% 0% 10 years 2% 10% December 13, 2012 174% 0% 3 years 0.34% 0% January 1, 2013 173% 0% 3 years 0.36% 0% January 1, 2013 171% 0% 3 years 0.41% 0% September 5, 2013 221% 0% 6.25 years 2.15% 20% Share-based compensation expense is reported in our statement of operations as follows: January 31, 2015 January 31, 2014 Geological and geophysical costs $ 4,728 $ 2,610 Salaries and benefits 4,728 236,509 Investor relations 1,776 1,503 General and administrative - - $ 11,232 $ 240,622 At January 31, 2015 there is $29,455 unrecognized share-based compensation for all share-based awards outstanding with a weighted average remaining period for amortization of 2.8 years. Non-qualified stock options to non-employee consultants and vendors outstanding as of January 31, 2015 are as follows: Weighted Weighted average Number of average remaining life Aggregate options exercise price (years) intrinsic value Outstanding, January 31, 2013 903,500 $ 0.376 $ - Granted - - Expired - - Outstanding, January 31, 2014 903,500 $ 0.376 $ - Granted - - Expired (40,000 ) 1.678 Outstanding, January 31, 2015 863,500 $ 0.316 1.67 $ - Exercisable, January 31, 2015 863,500 $ 0.316 1.67 $ - The aggregate intrinsic value is calculated based on the stock price of $.0086 and $0.0195 per share for the years ended January 31, 2015 and 2014, respectively. |
Income taxes
Income taxes | 12 Months Ended |
Jan. 31, 2015 | |
Income taxes [Text Block] | NOTE 12 – Income taxes As of January 31 our deferred tax asset is as follows: January 31, 2015 January 31, 2014 Deferred Tax Assets $ 8,853,000 $ 10,243,000 Less Valuation Allowance (8,853,000 ) (10,243,000 ) $ - $ - Management has elected to provide a deferred tax asset valuation allowance equal to the potential benefit due to our history of losses. If we demonstrate the ability to generate future taxable income, management will re-evaluate the allowance. The decrease in the valuation allowance of $1,390,000 during the year ended January 31, 2015 primarily represents the utilization of net operating loss carry-forwards during the period to offset taxable income for the year. The change in the valuation allowance of $730,000 in the year ended January 31, 2014 primarily represents the benefit of the change in net operating loss carry-forwards during the period. As of January 31, 2015, our estimated net operating loss carry-forward is approximately $26,000,000 and will expire beginning in 2025 through 2034. Internal Revenue Code Section 382 limits the ability to utilize net operating losses if a 50% change in ownership occurs over a three year period. Such limitation of the net operating losses may have occurred but we have not analyzed it at this time as the deferred tax asset is fully reserved. We have federal and state net operating loss carry-forwards that are available to offset future taxable income. |
Related party transactions
Related party transactions | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015 | Jan. 31, 2015 | |
Related party transactions [Text Block] | NOTE 4 – Related party transactions We entered into the following transactions with related parties during the six months ended July 31, 2015: At July 31, 2015 we had a balance of accrued unpaid wages of $431,867 to Jim Briscoe, our Chairman of the Board, CEO, CFO and President. Additionally, we had a balance of accrued unpaid wages of $15,625 to a former President. | NOTE 13 – Related party transactions We entered into the following transactions with related parties during the year ended January 31, 2015: Paid or accrued $6,263 in rent. We rented an office from Jim Briscoe, our Chairman of the Board, CEO and CFO, and President on a month-to-month basis for $522 per month. At January 31, 2015 we had a balance of accrued unpaid wages of $389,367 to Jim Briscoe, our Chairman of the Board, CEO and CFO and President. At January 31, 2015, we had a balance of accrued unpaid wages of $15,625 to Larry Liang, our former President. We have an option to explore 26 standard federal lode mining claims at the East Silver Bell project and 29 standard federal lode mining claims at the Walnut Creek project from JABA US Inc., an Arizona Corporation in which two of our directors are owners. We are required to pay annual rentals to maintain the claims in good standing. During the year ended January 31, 2015 we paid $8,525 in rental fees to maintain the mineral claims in good standing. The original option agreement was for the period from April 11, 2008 through January 1, 2011 and has been extended through June 1, 2013 and now to June 1, 2015. This may additionally be extended in five year periods or increments in the future by any JABA director. We entered into the following transactions with related parties during the year ended January 31, 2014: Paid or accrued $6,263 in rent. We rented an office from Jim Briscoe, our Chairman of the Board, CEO and CFO, and President on a month-to-month basis for $522 per month. At January 31, 2014 we had a balance of accrued unpaid wages of $325,367 to Jim Briscoe, our Chairman of the Board, CEO and CFO and President. At January 31, 2014, we had a balance of accrued unpaid wages of $15,625 to Larry Liang, our former President. We recognized compensation expense of $67,500 for stock options granted to an officer. We have an option to explore 26 standard federal lode mining claims at the East Silver Bell project and 33 standard federal lode mining claims at the Walnut Creek project from JABA US Inc., an Arizona Corporation in which two of our directors are owners. We are required to pay annual rentals to maintain the claims in good standing. During the year ended January 31, 2014 we paid $8,260 in rental fees to maintain the mineral claims in good standing. |
Warrants
Warrants | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015 | Jan. 31, 2015 | |
Warrants [Text Block] | NOTE 5 – Warrants As of July 31, 2015, there were 92,662,187 whole share purchase warrants outstanding and exercisable. The warrants have a weighted average remaining life of 1.79 years and a weighted average exercise price of $0.012 per whole warrant for one common share. The warrants had an aggregate intrinsic value of $0 as of July 31, 2015. Warrants issued in private placement outstanding at July 31, 2015 is as follows: Weighted Number of whole share average exercise purchase warrants price per share Outstanding, January 31, 2015 59,566,708 $ 0.024 Issued 44,164,863 0.003 Expired (11,069,384 ) 0.040 Exercised - - Outstanding, July 31, 2015 92,662,187 $ 0.020 Exercisable, July 31, 2015 92,662,187 $ 0.012 During the six months ended July 31, 2015, the Company issued 5,882,352 warrants to an investor at an exercise price of $0.0048 with a three year term. The warrants were issued with common stock (one warrant for each common share purchased) and there is no additional accounting for these investor warrants. During the six months ended July 31, 2015, the Company issued 33,613,445 warrants to an investor at an exercise price of $0.0025 with a three year term. The warrants were issued with common stock (two warrants for each common share purchased) and there is no additional accounting for these investor warrants. During the six months ended July 31, 2015, the Company issued 1,846,154 warrants to an investor at an exercise price of $0.0023 with a three year term. The warrants were issued with common stock (one warrant for each common share purchased) and there is no additional accounting for these investor warrants. During the six months ended July 31, 2015, the Company issued 2,822,912 warrants to an investor, the Company’s CEO, at an exercise price of $0.0021 with a three year term. The warrants were issued with common stock (one warrant for each common share purchased) and there is no additional accounting for these investor warrants. | NOTE 11 – Warrants As of January 31, 2015, there were 59,566,708 whole share purchase warrants outstanding and exercisable. The warrants have a weighted average remaining life of 1.1 years and a weighted average exercise price of $0.024 per whole warrant for one common share. Whole share purchase warrants outstanding at January 31, 2015 and 2014 are as follows: Number of Weighted average whole share exercise purchase warrants price per share Outstanding, January 31, 2013 94,059,629 $ 0.055 Issued 25,556,792 0.016 Expired (46,579,478 ) 0.071 Exercised (14,595,214 ) 0.051 Outstanding, January 31, 2014 58,441,729 $ 0.026 Issued 6,924,979 0.017 Expired (5,800,000 ) 0.037 Exercised - - Outstanding, January 31, 2015 59,566,708 $ 0.024 Exercisable, January 31, 2015 59,566,708 $ 0.024 The weighted average intrinsic value for warrants outstanding was $0 and $109,275 as of January 31, 2015 and 2014, respectively. |
Derivative Liabilities
Derivative Liabilities | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015 | Jan. 31, 2015 | |
Derivative Liabilities [Text Block] | NOTE 6 – Derivative Liabilities The embedded conversion feature in the convertible debt instruments that the Company issued beginning in August 2013 (See Note 7), and became convertible beginning in February 2014, qualified it as a derivative instrument since the number of shares issuable under the note is indeterminate based on guidance in FASB ASC 815, Derivatives and Hedging. This convertible note tainted all other equity linked instruments including outstanding warrants and fixed rate convertible debt on the date that the instrument became convertible. The valuation of the derivative liability of the warrants was determined through the use of a Monte Carlo options model that values the liability of the warrants based on a risk-neutral valuation where the price of the option is its discounted expected value. The technique applied generates a large number of possible (but random) price paths for the underlying common stock via simulation, and then calculates the associated exercise value (i.e. “payoff”) of the option for each path. These payoffs are then averaged and discounted to a current valuation date resulting in the fair value of the option. The valuation of the derivative liability attached to the convertible debt was arrived at through the use of a Monte Carlo model that values the derivative liability within the notes. The technique applied generates a large number of possible (but random) price paths for the underlying (or underlyings) via simulation, and then calculates the associated payment value (cash, stock, or warrants) of the derivative features. The price of the underlying common stock is modeled such that it follows a geometric Brownian motion with constant drift, and elastic volatility (increasing as stock price decreases). The stock price is determined by a random sampling from a normal distribution. Since the underlying random process is the same, for enough price paths, the value of the derivative is derived from path dependent scenarios and outcomes. The features in the notes that were analyzed and incorporated into the model included the conversion features with the reset provisions, the call/redemption/prepayment options, and the default provisions. Based on these features, there are six primary events that can occur; payments are made in cash; payments are made with stock; the note holder converts upon receiving a redemption notice; the note holder converts the note; the issuer redeems the note; or the Company defaults on the note. The model simulates the underlying economic factors that influenced which of these events would occur, when they were likely to occur, and the specific terms that would be in effect at the time (i.e. stock price, conversion price, etc.). Probabilities were assigned to each variable such as redemption likelihood, default likelihood, and timing and pricing of reset events over the remaining term of the notes based on management projections. This led to a cash flow simulation over the life of the note. A discounted cash flow for each simulation was completed, and it was compared to the discounted cash flow of the note without the embedded features, thus determining a value for the derivative liability. Key inputs and assumptions used to value the convertible notes and warrants upon issuance or tainting and also as of July 31, 2015: • The stock projections are based on the historical volatilities for each date. These ranged in the 117 - 131% range. The stock price projection was modeled such that it follows a geometric Brownian motion with constant drift and a constant volatility, starting with the market stock price at each valuation date; • An event of default would not occur during the remaining term of the note; • Conversion of the notes to stock would be completed monthly after any holding period and would be limited based on: 5% of the last 6 months average trading volume and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. The effective discount was determined based on the historical trading history of the Company based on the specific pricing mechanism in each note; • The Company would not have funds available to redeem the notes during the remaining term of the convertible notes; • Discount rates were based on risk free rates in effect based on the remaining term and date of each valuation and instrument. • The holder would exercise the warrant at maturity if the stock price was above the exercise price; • The Holder would exercise the warrant after any holding period prior to maturity at target prices starting at 2 times the exercise price for the Warrants or higher subject to monthly limits of: 5% of the last 6 months average trading volume increasing by 1% per month and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. • For the warrants with reset features, the Company assumed it would issue equity linked instruments in the quarters ended 7/31/15 through 1/31/16 at 70% of market. Using the results from the model, the Company recorded a derivative liability of $36,552 for newly granted warrants and a derivative liability of $547,615 for the fair value of the convertible feature included in the Company’s convertible debt instruments for the six months ended July 31, 2015. The derivative liability recorded for the convertible feature created a debt discount of $411,247 which is being amortized over the remaining term of the note using the effective interest rate method and is classified as convertible debt on the balance sheet. Interest expense related to the amortization of this debt discount for the six months ended July 31, 2015, was $15,276. Additionally, $394,872 of debt discount was charged to interest expense as a result of the conversion of a portion of the underlying debt instrument. The remaining unamortized debt discount related to the derivative liability was $27,958 as of July 31, 2015. The Company recorded the change in the fair value of the derivative liability as a gain of $83,999 to reflect the value of the derivative liability for warrants and convertible notes as $60,839 as of July 31, 2015. The Company also recorded a reclassification from derivative liability to equity of $656,034 for the conversions of a portion of the Company’s convertible notes. The following table sets forth a reconciliation of changes in the fair value of the Company’s derivative liability: Six months ended July 31, 2015 2014 Beginning balance $ 216,705 $ 46,985 Total (gains) losses (83,999 ) (262,912 ) Settlements (656,034 ) (146,524 ) Additions 584,167 852,023 Ending balance $ 60,839 $ 489,572 Change in unrealized gains (losses) included in earnings relating to derivatives still held as of July 31, 2015 and 2014 $ (83,999 ) $ (262,912 ) | NOTE 8 – Derivative Liabilities The embedded conversion feature in the convertible debt instruments that the Company issued in August 2013 and November 2013 (See Note 7), that became convertible during the year ended January 31, 2015, qualified it as a derivative instrument since the number of shares issuable under the note is indeterminate based on guidance in FASB ASC 815, Derivatives and Hedging. This convertible note tainted all other equity linked instruments including outstanding warrants and fixed rate convertible debt on the date that the instrument became convertible. The valuation of the derivative liability of the warrants was determined through the use of a Monte Carlo options model that values the liability of the warrants based on a risk-neutral valuation where the price of the option is its discounted expected value. The technique applied generates a large number of possible (but random) price paths for the underlying common stock via simulation, and then calculates the associated exercise value (i.e. “payoff”) of the option for each path. These payoffs are then averaged and discounted to a current valuation date resulting in the fair value of the option. The valuation of the derivative liability attached to the convertible debt was arrived at through the use of a Monte Carlo model that values the derivative liability within the notes. The technique applied generates a large number of possible (but random) price paths for the underlying (or underlyings) via simulation, and then calculates the associated payment value (cash, stock, or warrants) of the derivative features. The price of the underlying common stock is modeled such that it follows a geometric Brownian motion with constant drift, and elastic volatility (increasing as stock price decreases). The stock price is determined by a random sampling from a normal distribution. Since the underlying random process is the same, for enough price paths, the value of the derivative is derived from path dependent scenarios and outcomes. The features in the notes that were analyzed and incorporated into the model included the conversion features with the reset provisions, the call/redemption/prepayment options, and the default provisions. Based on these features, there are six primary events that can occur; payments are made in cash; payments are made with stock; the note holder converts upon receiving a redemption notice; the note holder converts the note; the issuer redeems the note; or the Company defaults on the note. The model simulates the underlying economic factors that influenced which of these events would occur, when they were likely to occur, and the specific terms that would be in effect at the time (i.e. stock price, conversion price, etc.). Probabilities were assigned to each variable such as redemption likelihood, default likelihood, and timing and pricing of reset events over the remaining term of the notes based on management projections. This led to a cash flow simulation over the life of the note. A discounted cash flow for each simulation was completed, and it was compared to the discounted cash flow of the note without the embedded features, thus determining a value for the derivative liability. Key inputs and assumptions used to value the convertible notes and warrants upon issuance or tainting and also as of January 31, 2015: The stock projections are based on the historical volatilities for each date. These ranged in the 112-124% range. The stock price projection was modeled such that it follows a geometric Brownian motion with constant drift and a constant volatility, starting with the market stock price at each valuation date; An event of default would not occur during the remaining term of the note; Conversion of the notes to stock would be completed monthly after any holding period and would be limited based on: 25% of the last 6 months average trading volume and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. The effective discount was determined based on the historical trading history of the Company based on the specific pricing mechanism in each note; The Company would not have funds available to redeem the notes during the remaining term of the convertible notes; Discount rates were based on risk free rates in effect based on the remaining term and date of each valuation and instrument. The holder would exercise the warrant at maturity if the stock price was above the exercise price; The Holder would exercise the warrant after any holding period prior to maturity at target prices starting at 2 times the exercise price for the Warrants or higher subject to monthly limits of: 25% of the last 6 months average trading volume increasing by 1% per month and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. For the warrants with reset features, the Company assumed it would issue equity linked instruments in the quarters ended 1/31/15 through 7/31/15 at 70% of market. Using the results from the model, the Company recorded a derivative liability of $520,552 for the fair value of the tainted warrants previously classified in equity, a derivative liability of $6,440 for newly granted warrants (see note 11) and a derivative liability of $382,175 for the fair value of the convertible feature included in the Company’s convertible debt instruments. The derivative liability recorded for the convertible feature created a debt discount of $382,173 which is being amortized over the remaining term of the note using the effective interest rate method, and is classified as convertible debt on the balance sheet. Interest expense related to the amortization of this debt discount for the year ended January 31, 2015, was $172,968. Additionally, $182,348 of debt discount was charged to interest expense as a result of the conversion of a portion of the underlying debt instrument (See Note 7). The remaining unamortized debt discount related to the derivative liability was $26,859 as of January 31, 2015. The Company recorded the change in the fair value of the derivative liability as a gain of $482,697 to reflect the value of the derivative liability for warrants and convertible notes as $216,705 as of January 31, 2015. The Company also recorded a reclassification from derivative liability to equity of $256,748 for the conversions of a portion of the Company’s convertible notes. At January 31, 2014, we estimated the fair value of the derivative liability related to the warrants using level 3 inputs and the Black-Scholes valuation model. We used historical volatility as a method to estimate expected volatility. At January 31, 2014 we had 2,500,000 whole share purchase warrants outstanding that contain a full ratchet down anti-dilution provision which is triggered if we enter into any lower priced issuance than $0.0264 per common share. As a result of these provisions, these warrants were not considered indexed to our common stock and were classified as liabilities under ASC 815. We used the following assumptions to estimate the fair value of the derivative liability related to the warrants at January 31, 2014: Expected Expected dividend Expected Risk-free interest Description volatility yield term rate Derivative liability at January 31, 2014 209.37% 0% 2.5 0.69% The following table sets forth a reconciliation of changes in the fair value of the Company’s derivative liability: Year Ended January 31, 2015 2014 Beginning balance $ 46,985 $ 15,112 Total (gains) losses (482,697 ) 31,873 Settlements (256,748 ) - Additions 909,165 - Ending balance $ 216,705 $ 46,985 Change in unrealized (gains) losses included in earnings relating to derivatives still held as of January 31, 2015 and 2014 $ (482,697 ) $ 31,873 |
Convertible promissory notes
Convertible promissory notes | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015 | Jan. 31, 2015 | |
Convertible promissory notes [Text Block] | NOTE 7 – Convertible promissory notes Following is a summary of convertible promissory notes: July 31, January 31, 2015 2015 12% convertible note payable issued August 2013, $38,784 due September 2015 and $55,500 due February 2016 $ 62,161 $ 144,519 Convertible note payable issued November 2013, due November 2015 - 147,500 12% convertible note payable issued August 2014, due August 2015 - 157,792 10% convertible note payable issued October 2014, due October 2015 - 108,136 10% convertible note payable issued December 2014, due December 2016 149,911 106,697 212,072 664,644 Less debt discount (36,891 ) (41,928 ) Less current portion of convertible notes (25,270 ) (516,019 ) Long-term convertible notes payable $ 149,911 $ 106,697 We issued convertible promissory notes in private placements of our securities to institutional investors pursuant to exemptions from registration set out in Rule 506 of Regulation D under the Securities Act of 1933. On July 15, 2010 we issued a secured convertible promissory note bearing interest at a rate of 10% per annum compounded monthly (the “2010 Convertible Note”) to Northern Dynasty Minerals Ltd (“Northern Dynasty”). During the year ended January 31, 2012 the agreement with Northern Dynasty was amended to issue additional secured convertible promissory notes totaling $730,174 to reimburse Northern Dynasty for assessment work, rental fees, cash in lieu of assessment work and filing fees on the mineral claims that was paid in fiscal 2011 and fiscal 2012 because we could not come to an agreement on the earn-in option and joint venture agreement with Northern Dynasty. As part of the transaction noted above, Northern Dynasty could earn a 60% interest in our Big Chunk project in Alaska (the “Joint Venture Claims”) by spending $10,000,000 on those properties over six years. The borrowings from Northern Dynasty could be applied as part of Northern Dynasty’s earn-in requirements. Northern Dynasty’s minimum annual expenditures under the earn-in would be the minimum level necessary to keep the Joint Venture Claims in good standing. Northern Dynasty could elect to abandon the earn-in at any time on 30 days’ notice, so long as sufficient annual labor was performed, or a cash payment in lieu of labor was made, in order to fulfill the annual labor requirements for the Joint Venture Claims for a minimum of 12 months after termination of the earn-in. No such notice by Northern Dynasty was received. On November 14, 2012, we signed a loan settlement agreement with Northern Dynasty which would have discharged the $3,730,174 principal balance and $1,592,769 of accrued interest for the 2010 Convertible Note and would have terminated Northern Dynasty’s earn-in rights. In exchange for the settlement, we initiated the transfer of 199 Alaska mining claims to Northern Dynasty’s subsidiary, U5 Resources. However, MBGS, LLC filed liens against the claims before the transfer could be completed. In March 2014 Liberty Star and Big Chunk entered into a settlement agreement with MBGS, LLC, following a resolution conference conducted in Anchorage, Alaska whereby all Northern Dynasty claims recorded by MBGS, LLC were released. As a result of the settlement agreement with MBGS, LLC, the Company completed its loan settlement agreement with Northern Dynasty and discharged the principal balance and accrued interest for the 2010 Convertible Note and terminated Northern Dynasty’s earn-in-rights. A gain of $5,322,943 for the settlement of the Northern Dynasty debt and accrued interest was recorded in other income in April 2014. As of April 30, 2014, we had no principal or interest outstanding for the 2010 Convertible Note. In August 2013, we entered into a promissory note (the “August 2013 Note”) for a principal sum of $555,000 plus accrued and unpaid interest and any other fees. The consideration is up to $500,000, which would produce an original issue discount of $55,000 if all the consideration is received. The lender paid $150,000 upon closing pursuant to the terms of the August 2013 Note. The August 2013 Note has a maturity of one year from the delivery of each payment. The August 2013 Note may be convertible into shares of common stock of our company at any time from 180 days after the date of each payment of consideration, at a conversion price which is 70% of the average of the three lowest closing prices in the 20 trading days previous to the conversion. We may repay the August 2013 Note at any time on or before 90 days from the effective date of the August 2013 Note with an interest rate of 0%, after which we may not make any further payments on the August 2013 Note prior to the maturity date without written approval from the lender. If we elect not to repay the August 2013 Note on or before 90 days from the effective date of the August 2013 Note, a one-time interest charge of 12% will be applied to the principal sum. We elected not to pay the $150,000 portion of the August 2013 Note within 90 days from the effective date. After the $150,000 portion of the August 2013 Note became convertible, the note holder elected to convert the principal and interest totaling $186,480 into 17,937,915 shares of the company’s common stock during the months of February through May of 2014. On December 9, 2013, we received additional consideration of $75,000 pursuant to the terms of the August 2013 Note. We elected not to pay the $75,000 portion of the August 2013 Note within 90 days from the effective date. In June, July and August 2014, the note holder converted principal and interest totaling $93,240 into 9,983,507 shares of the Company’s common stock. On June 24, 2014 and September 3, 2014, we received additional consideration of $75,000 and $75,000, respectively, pursuant to the terms of the August 2013 Note. In December 2014 and January 2015, the note holder converted principal and interest totaling $41,961 into 5,900,000 shares of the Company’s common stock. On February 25, 2015, we received additional consideration of $50,000 pursuant to the terms of the August 2013 Note. During the three months ended April 30, 2015, the note holder converted principal and interest totaling $105,733 into 30,800,000 shares of the Company’s common stock. During the three months ended July 31, 2015, the note holder converted principal and interest totaling $38,784 into 31,715,187 shares of the Company’s common stock. As of July 31, 2015, we had $62,161 of principal and interest outstanding for the August 2013 Note. On November 18, 2013, we entered into a securities purchase agreement (the “November 2013 Note”), whereby we agreed to issue a convertible note to one lender in the principal amount of $250,000. The proceeds from the note were $225,000, which created an original issue discount of $25,000. The note was payable in full on November 18, 2014 and bears no interest except in an event of default. The lender may, at its option, after the 183rd day (after May 20, 2014) following the closing date, convert the principal amount or any portion of such principal amount of the note into shares of common stock of our company at the price equal to the lesser of (a) 100% of the volume weighted average price (VWAP), as reported on the closing date (November 18, 2013), and (b) 70% of the average of the 5 day VWAP immediately prior to the day of conversion. On November 13, 2014, we entered into an Assignment of Promissory Note & Acknowledgment, whereby we consented to an assignment of the note to another lender, pursuant to which $250,000 remains owing by the Company. The maturity date of the November 2013 Note was extended to November 18, 2015. From November 2014 through January 2015, the new noteholder converted principal of $102,500 into 11,792,944 shares of the Company’s common stock. During the three months ended April 30, 2015, the new noteholder converted principal of $125,001 into 29,248,823 shares of the Company’s common stock. During the three months ended July 31, 2015, the new noteholder converted principal and interest of $28,046 into 18,995,113 shares of the Company’s common stock. As of July 31, 2015, we had $0 of principal and interest outstanding for the November 2013 Note. In August 2014, we received $150,000 pursuant to the terms of a convertible promissory note (the “August 2014 Note”) dated August 26, 2014. The Note bears interest at 12%, is due on August 26, 2015, and is convertible after 180 days at a 45% discount to the average of the daily VWAP prices for the previous 10 trading days before the date of conversion During the three months ended April 30, 2015, the new noteholder converted principal of $160,834 into 56,676,739 shares of the Company’s common stock. As of July 31, 2015, we had $0 of principal and interest outstanding for this Note. On October 14, 2014, we entered into a securities purchase agreement, whereby we agreed to issue a convertible note (the “October 2014 Note”) to one lender in the principal amount of $105,000. The Note is payable in full on October 14, 2015, bears interest at the rate of 10% per annum, and includes a $5,000 original issuance discount. The Note may be convertible into shares of common stock of our company at any time from 180 days after the execution date of the Note at a price per share of 40% discount to the average of the daily VWAP for the previous five trading days before the date of conversion. During the three months ended April 30, 2015, the note holder converted principal and interest totaling $57,000 into 26,000,000 shares of the Company’s common stock. During the three months ended July 31, 2015, the note holder converted principal and interest totaling $53,901 into 48,878,264 shares of the Company’s common stock. As of July 31, 2015, we had $0 of principal and interest outstanding for this Note. On December 3, 2014, we entered into a note purchase agreement, whereby we agreed to issue a convertible note (the “December 2014 Note”) to lender in the principal amount of $210,000, with a $10,000 original issuance discount. The initial purchase price was $105,000 of consideration of which $100,000 was received our company and $5,000 was retained through the original issue discount. An additional $50,000 was received on February 27, 2015 with a $2,500 original issue discount. An additional $30,000 was received on June 11, 2015 with a $1,500 original issue discount. An additional $20,000 was received on July 9, 2015 with a $1,000 original issue discount. The Note bears interest at 10%, is due on December 3, 2016, and is convertible after six months of advance of funds at a 37.5% discount to the average of the daily VWAP prices for the previous 5 trading days before the date of conversion. During the three months ended July 31, 2015, the note holder converted principal and interest totaling $69,357 into 61,028,598 shares of the Company’s common stock. As of July 31, 2015, we had of $149,911 of principal and interest outstanding for this Note. During the six months ended July 31, 2015 and 2014, the Company recorded debt discounts of $411,247 and $325,031, respectively, due to the derivative liabilities, and original issue debt discounts of $10,500 and $10,500, respectively, due to the convertible notes. The Company recorded amortization of these discounts of $563,152 and $225,953 for the six months ended July 31, 2015 and 2014, respectively. In November of 2013, the Company recorded $45,663 of deferred financing costs, of which $15,500 was paid in cash and $30,163 paid with common stock, related to the November 18, 2013 convertible note. The Company recorded amortization of these deferred financing costs of $0 and $22,831 for the six months ended July 31, 2015 and 2014, respectively. The Company recognized a gain on settlement of debt of $72,308 during the three and six month ended July 31, 2015 as a result of convertible note conversions during the three months ended July 31, 2015. | NOTE 7 – Long-term debt and convertible promissory notes Note payable to Ford Credit is payable in monthly installments of $544 including interest at a fixed rate of 9.49% through maturity in February 2016. The principal balance at January 31, 2015 and 2014 is $6,710 and $12,304, respectively. The carrying amount of the vehicle that serves as collateral is $6,891 and $14,410 at January 31, 2015 and 2014, respectively. The following is a summary of the principal maturities of long-term debt during the next five years: Minimum future debt payments For the year ending January 31, 2016 $ 6,149 2017 561 2018 and thereafter - $ 6,710 Less: current maturities 6,149 $ 561 Following is a summary of convertible promissory notes: January 31, January 31, 2015 2014 10% convertible note payable with Northern Dynasty Minerals Ltd (“Northern Dynasty”) issued July 15, 2010 $ - $ 3,730,174 12% convertible note payable issued August 2013, $51,279 due in June 2015 and $93,240 due in September 2015 144,519 247,500 Convertible note payable issued November 2013, due November 2015 147,500 250,000 12% convertible note payable issued August 2014, due August 2015 157,791 - 10% convertible note payable issued October 2014, due October 2015 108,136 - 10% convertible note payable issued December 2014, due December 2016 106,697 - 664,643 4,227,674 Less debt discount (41,928 ) (34,584 ) Less current portion of convertible notes (516,018 ) (4,193,090 ) Long-term convertible notes payable $ 106,697 $ - We issued convertible promissory notes in private placements of our securities to institutional investors pursuant to exemptions from registration set out in Rule 506 of Regulation D under the Securities Act of 1933. On July 15, 2010 we issued a secured convertible promissory note bearing interest at a rate of 10% per annum compounded monthly (the “2010 Convertible Note”) to Northern Dynasty Minerals Ltd (“Northern Dynasty”). During the year ended January 31, 2012 the agreement with Northern Dynasty was amended to issue additional secured convertible promissory notes totaling $730,174 to reimburse Northern Dynasty for assessment work, rental fees, cash in lieu of assessment work and filing fees on the mineral claims that was paid in fiscal 2011 and fiscal 2012 because we could not come to an agreement on the earn-in option and joint venture agreement with Northern Dynasty. As part of the transaction noted above, Northern Dynasty could earn a 60% interest in our Big Chunk project in Alaska (the “Joint Venture Claims”) by spending $10,000,000 on those properties over six years. The borrowings from Northern Dynasty could be applied as part of Northern Dynasty’s earn-in requirements. Northern Dynasty’s minimum annual expenditures under the earn-in would be the minimum level necessary to keep the Joint Venture Claims in good standing. Northern Dynasty could elect to abandon the earn-in at any time on 30 days’ notice, so long as sufficient annual labor was performed, or a cash payment in lieu of labor was made, in order to fulfill the annual labor requirements for the Joint Venture Claims for a minimum of 12 months after termination of the earn-in. No such notice by Northern Dynasty was received. On November 14, 2012, we signed a loan settlement agreement with Northern Dynasty which would have discharged the $3,730,174 principal balance and $1,592,769 of accrued interest for the 2010 Convertible Note and would have terminated Northern Dynasty’s earn-in rights. In exchange for the settlement, we initiated the transfer of 199 Alaska mining claims to Northern Dynasty’s subsidiary, U5 Resources. However, MBGS, LLC filed liens against the claims before the transfer could be completed. In March 2014 Liberty Star and Big Chunk entered into a settlement agreement with MBGS, LLC, following a resolution conference conducted in Anchorage, Alaska whereby all Northern Dynasty claims recorded by MBGS, LLC were released. As a result of the settlement agreement with MBGS, LLC, the Company completed its loan settlement agreement with Northern Dynasty and discharged the principal balance and accrued interest for the 2010 Convertible Note and terminated Northern Dynasty’s earn-in-rights. A gain of $5,322,943 for the settlement of the Northern Dynasty debt and accrued interest was recorded in other income in April 2014. As of January 31, 2015, we had no principal or interest outstanding for the 2010 Convertible Note. In August 2013, we entered into a promissory note (the “August 2013 Note”) for a principal sum of $555,000 plus accrued and unpaid interest and any other fees. The consideration is up to $500,000, which would produce an original issue discount of $55,000 if all the consideration is received. The lender paid $150,000 upon closing pursuant to the terms of the August 2013 Note. The August 2013 Note has a maturity of one year from the delivery of each payment. The August 2013 Note may be convertible into shares of common stock of our company at any time from 180 days after the date of each payment of consideration, at a conversion price which is 70% of the average of the three lowest closing prices in the 20 trading days previous to the conversion. We may repay the August 2013 Note at any time on or before 90 days from the effective date of the August 2013 Note with an interest rate of 0%, after which we may not make any further payments on the August 2013 Note prior to the maturity date without written approval from the lender. If we elect not to repay the August 2013 Note on or before 90 days from the effective date of the August 2013 Note, a one-time interest charge of 12% will be applied to the principal sum. We elected not to pay the $150,000 portion of the August 2013 Note within 90 days from the effective date. After the $150,000 portion of the August 2013 Note became convertible, the note holder elected to convert the principal and interest totaling $186,480 into 17,937,915 shares of the company’s common stock during the months of February through May of 2014. On December 9, 2013, we received additional consideration of $75,000 pursuant to the terms of the August 2013 Note. We elected not to pay the $75,000 portion of the August 2013 Note within 90 days from the effective date. In June, July and August 2014, the note holder converted principal and interest totaling $93,240 into 9,983,507 shares of the Company’s common stock. On June 24, 2014 and September 3, 2014, we received additional consideration of $75,000 and $75,000, respectively, pursuant to the terms of the August 2013 Note. In December 2014 and January 2015, the note holder converted principal and interest totaling $41,961 of the $75,000 of consideration received on June 24, 2014 into 5,900,000 shares of the Company’s common stock. As of January 31, 2015, we had $144,519 outstanding for the August 2013 Note. On November 18, 2013, we entered into a securities purchase agreement (the “November 2013 Note”), whereby we agreed to issue a convertible note to one lender in the principal amount of $250,000. The proceeds from the note were $225,000, which created an original issue discount of $25,000. The note was payable in full on November 18, 2014 and bears no interest except in an event of default. The lender may, at its option, after the 183rd day (after May 20, 2014) following the closing date, convert the principal amount or any portion of such principal amount of the note into shares of common stock of our company at the price equal to the lesser of (a) 100% of the volume weighted average price (VWAP), as reported on the closing date (November 18, 2013), and (b) 70% of the average of the 5 day VWAP immediately prior to the day of conversion. On November 13, 2014, we entered into an Assignment of Promissory Note & Acknowledgment, whereby we consented to an assignment of the note to another lender, pursuant to which $250,000 remains owing by the Company. The maturity date of the November 2013 Note was extended to November 18, 2015. From November 2014 through January 2015, the new noteholder converted principal of $102,500 into 11,792,944 shares of the Company’s common stock. As of January 31, 2015, we had $147,500 principal outstanding for the November 2013 Note. In August 2014, we received $150,000 pursuant to the terms of a convertible promissory note (the “August 2014 Note”) dated August 26, 2014. The Note bears interest at 12%, is due on August 26, 2015, and is convertible after 180 days at a 45% discount to the average of the daily VWAP prices for the previous 10 trading days before the date of conversion. As of January 31, 2015, we had $157,791 principal and interest outstanding for this Note. On October 14, 2014, we entered into a securities purchase agreement, whereby we agreed to issue a convertible note (the “October 2014 Note”) to one lender in the principal amount of $105,000. The Note is payable in full on October 14, 2015 and bears interest at the rate of 10% per annum. There is a $5,000 original issuance discount on the Note. The Note may be convertible into shares of common stock of our company at any time from 180 days after the execution date of the Note at a price per share of 40% discount to the average of the daily VWAP for the previous five trading days before the date of conversion. As of January 31, 2015, we had $108,136 principal and interest outstanding for this Note. On December 3, 2014, we entered into a note purchase agreement, whereby we agreed to issue a convertible note (the “December 2014 Note”) to lender in the principal amount of $210,000. There is a $10,000 original issuance discount on the Note. The initial purchase price was $105,000 of consideration of which $100,000 was received our company and $5,000 was retained through the original issue discount.. The Note bears interest at 10%, is due on December 3, 2016, and is convertible after six month at a 37.5% discount to the average of the daily VWAP prices for the previous 5 trading days before the date of conversion. As of January 31, 2015, we had $106,697 principal and interest outstanding for this Note. During the years ended January 31, 2015 and 2014, the Company recorded debt discounts of $382,173 and $0, respectively, due to the derivative liabilities, and original issue debt discounts of $28,750 and $47,500, respectively, due to the convertible notes. The Company recorded amortization of these discounts of $403,579 and $12,916 for the years ended January 31, 2015 and 2014, respectively. In November of 2013, the Company recorded $45,663 of deferred financing costs, of which $15,500 was paid in cash and $30,163 paid with common stock, related to the November 18, 2013 convertible note. The Company recorded amortization of these deferred financing costs of $38,052 and $7,611 for the years ended January 31, 2015 and 2014, respectively. |
Stockholders deficit
Stockholders deficit | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015 | Jan. 31, 2015 | |
Stockholders deficit [Text Block] | NOTE 8 – Stockholders’ deficit Our common shares are all of the same class, are voting and entitle stockholders to receive dividends as defined. Upon liquidation or wind-up, stockholders are entitled to participate equally with respect to any distribution of net assets or any dividends that may be declared. On July 15, 2015 the Company’s shareholders approved an amendment to the Company’s articles of incorporation to increase the number of authorized common shares from 1,250,000,000 to 6,250,000,000. Between February 2014 and July 2014, pursuant to the investment agreement with KVM, KVM purchased 34,214,226 shares for $456,923, of which $55,673 is still owed to the Company and is reflected as a stock subscription receivable as of July 31, 2015. During the three months ending April 30, 2015, $105,733 of the August 2013 Note were converted into 30,800,000 shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.00194 to $0.00574. During the three months ending April 30, 2015, $125,001 of the November 2013 Note were converted into 29,248,823 shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from 0.00274 to $0.00609 During the three months ending April 30, 2015, $160,834 of the August 2014 Note were converted into 56,676,739 shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.00193 to $0.00416. During the three months ending April 30, 2015, $57,000 of the October 2014 Note were converted into 26,000,000 shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.00192 to $0.00216. During the three months ended April 30, 2015, the Company issued 2,941,176 units to an investor for total proceeds of $10,000. Each unit consists of one share of the Company’s common stock and two warrants to purchase one share each of the Company’s common stock. The warrants have an exercise price of $0.0048 and have a three year term (see note 5). During the three months ending July 31, 2015, $38,784 of the August 2013 Note were converted into 31,715,187 shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.00112 to $0.00135. During the three months ending July 31, 2015, $28,046 of the November 2013 Note were converted into 18,995,113 shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from 0.00147 to $0.00148 During the three months ending July 31, 2015, $53,901 of the October 2014 Note were converted into 48,878,264 shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.00101 to $0.00127. During the three months ending July 31, 2015, $69,357 of the December 2014 Note were converted into 61,028,598 shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.00104 to $0.00121. During the three months ended July 31, 2015, the Company issued 1,846,154 units to an investor for proceeds of $3,000. Each unit consists of one share of the Company’s common stock and one warrant to purchase one share each of the Company’s common stock. The warrants have an exercise price of $0.002275 and have a three year term (see note 5). During the three months ended July 31, 2015, the Company issued 16,806,723 units to an investor for proceeds of $30,000. Each unit consists of one share of the Company’s common stock and two warrants to purchase one share each of the Company’s common stock. The warrants have an exercise price of $0.002499 and have a three year term (see note 5). During the three months ended July 31, 2015, the Company issued 2,822,912 units to an investor, the Company’s CEO, for proceeds of $4,300. Each unit consists of one share of the Company’s common stock and one warrant to purchase one share each of the Company’s common stock. The warrants have an exercise price of $0.002130 and have a three year term (see note 5). On June 20, 2015, we entered into an investment agreement (the “Agreement”) with Tangiers Investment Group, LLC (the “Investor”), whereby the Investor has agreed to invest up to $8,000,000 to purchase shares of our common stock. Subject to the terms and conditions of the Agreement and a registration rights agreement, we may, in our sole discretion, deliver a notice to the Investor which states the dollar amount which we intend to sell to the Investor on a certain date. The amount that we shall be entitled to sell to Investor shall be equal to one hundred and fifty percent ( 150%) of the average daily volume (U.S. market only) of the common stock for the ten (10) trading days prior to the applicable notice date so long as such amount does not exceed an accumulative amount per month of $100,000. The minimum amount shall be equal to $5,000. In connection with the Agreement, we also entered into a registration rights agreement dated June 20, 2015, whereby we agreed to file a Registration Statement on Form S-1 with the Securities and Exchange Commission within thirty (30) days of the date of the registration rights agreement and to have the Registration Statement declared effective by the Securities and Exchange Commission within ninety (90) days after we have filed the Registration Statement. We filed Form S-1 on July 2, 2015 and Form S-1 Amendment No. 1 on July 29, 2015, which was declared effective by the Securities and Exchange Commission on August 5, 2015. At July 31, 2015 there were 863,500 non-qualified stock options outstanding with a weighted average exercise price of $0.316 per option; of those options 863,500 are exercisable. At July 31, 2015 there were 85,421,374 incentive stock options outstanding with a weighted average exercise price of $0.042 per option; of those options, 84,481,049 are exercisable with a weighted average exercise price of $0.042. During the six months ended July 31, 2015 we recognized $5,616 of compensation expense related to incentive and non-qualified stock options previously granted to officers, employees and consultants. | NOTE 9 – Common stock Our common shares are all of the same class, are voting and entitle stockholders to receive dividends as defined. Upon liquidation or wind-up, stockholders are entitled to participate equally with respect to any distribution of net assets or any dividends that may be declared. On January 19, 2012, we entered into a financing agreement with Fairhills Capital Offshore Ltd., whereby Fairhills Capital will provide for a non-brokered financing arrangement of up to $10,000,000. The financing allows but does not require us to issue and sell up to the number of shares of common stock having an aggregate purchase price of $10,000,000 to Fairhills Capital. Subject to the terms and conditions of the financing agreement and a registration rights agreement, we may, in our sole discretion, deliver a notice to Fairhills Capital which states the dollar amount which we intend to sell to Fairhills Capital on a certain date. The amount that we shall be entitled to sell to Fairhills Capital shall be equal to two hundred percent ( 200%) of the average daily volume (U.S. market only) of the common stock for the ten (10) trading days prior to the applicable notice date. Our common stock will be valued at a 27.5% discount from the weighted average trading price of our stock for the five (5) trading days before Fairhills Capital receives our notice of sale. The shares that we sell to Fairhills Capital must be registered stock, among other conditions of investment. In connection with the Investment Agreement, we also entered into a registration rights agreement with Fairhills. Pursuant to this registration rights agreement, we registered with the Securities and Exchange Commission 185,000,000 shares of the common stock underlying the Investment Agreement. On November 13, 2012, we filed a 424B prospectus with the Securities Exchange Commission, acknowledging the assignment of all the rights under our investment agreement with Fairhills Capital Offshore Ltd. (Fairhills) to Deer Valley Management, LLC (Deer Valley). The Investment Agreement and other associated agreements were assigned by Fairhills to Deer Valley on November 6, 2012, and Liberty Star consented to the assignment. Fairhills and Deer Valley share the same ownership and management and there has not been any substantial change to our arrangement under the Investment Agreement as a result of the Assignment. In February, March and April, 2013, we issued 22,874,405 shares for gross proceeds of $200,000 related to the investment agreement with Deer Valley Management, LLC. In February, 2013, we sold 3,448,276 units to one investor for gross proceeds of $40,000. Each unit consisted of one common share of our company and one non-transferable share purchase warrant. Each share purchase warrant entitles the investor to purchase one additional common share of our company at a price of $0.0162 until February 7, 2016. In February, 2013, we issued 1,526,718 units to one vendor in exchange for the settlement of accounts payable of $20,000. Each unit consisted of one common share of our company and one non-transferable share purchase warrant. Each share purchase warrant entitles the investor to purchase one additional common share of our company at a price of $0.0183 until February 15, 2016. The fair value of the warrants issue was $22,141. In April, 2013, one investor exercised 3,033,618 of the May 2007 common stock purchase warrants using the cashless exercise provision. We issued 2,500,000 shares of common stock and cancelled 533,618 common stock purchase warrants pursuant to the cashless exercise provision. No cash proceeds were received. In May, June and July, 2013, we issued 31,270,958 shares for gross proceeds of $255,000 related to the investment agreement with Deer Valley Management, LLC. As of July 31, 2013, we had not yet received payment for one transaction valued at $25,000. As of October 31, 2013, we received the final payment for this transaction, plus $5,000 from Deer Valley Management, LLC for the inconvenience of paying late. In August 2013, we decided to terminate the investment agreement with Deer Valley Management, LLC due to their violation of the payment terms pursuant to the investment agreement. As of the time of the termination of the investment agreement, we had issued a total of 113,815,732 and had received gross proceeds of $1,635,000. No further shares issuances to Deer Valley Management, LLC are expected to occur. In May, June and July, 2013, we sold 18,001,166 units to six investors for gross proceeds of $182,043. Each unit consisted of one common share of our company and one non-transferable share purchase warrant. The share purchase warrants entitle the investors to purchase one additional common share of our company at prices ranging between of $0.0116 and $0.0173 until July 30, 2016. In June 2013, one investor exercised 4,263,989 of the May 2007 common stock purchase warrants using the cashless exercise provision. We issued 3,587,165 shares of common stock and cancelled 678,824 common stock purchase warrants pursuant to the cashless exercise provision. No cash proceeds were received. In August 2013, the company entered into an agreement with an investor relations firm to issue 5,023,256 common shares in exchange for investor relations services, with 50% (2,511,628) issued in October 2013 at a fair value of $54,000, and the remaining 2,511,628 shares to be held by the Company until the Company chose to continue with additional services. These additional services were accepted by the Company during the year ended January 31, 2015, and the 2,511,628 common shares held by the Company were released and classified as issued and outstanding effective July 31, 2014, with an expense of $54,000 recorded for their fair value. In August 2013, we issued 423,135 shares to an individual in exchange for services valued at $7,938. Additionally, warrants with a fair value of $7,682 were also issued to this individual. The warrants entitle the investor to purchase 423,135 shares of the Company’s common stock and have an exercise price of $0.0263. The warrants have a term of three years and expire August 2, 2016. In September 2013, we sold 2,157,497 units to one investor for gross proceeds of $50,000. Each unit consisted of one common share of our company and one non-transferable share purchase warrant. Each share purchase warrant entitles the investor to purchase one additional common share of our company at a price of $0.0324 until September 5, 2016. On October 30, 2013, the Company entered into an investment agreement with KVM Capital Partners LLC, a New York limited liability company (“KVM”). Pursuant to the agreement, KVM has agreed to purchase up to $8,000,000 of our common stock over a period of up to thirty-six (36) months. The purchase price per share to be paid by KVM shall be calculated at a twenty percent ( 20%) discount to the lowest volume weighted average price of the common stock as reported by Bloomberg, L.P. during the five (5) consecutive trading days immediately prior to the receipt by KVM of the put notice. We initially reserved 244,500,000 shares of our common stock for issuance under the KVM Investment Agreement. In connection with the KVM Investment Agreement, we also entered into a registration rights agreement with KVM, pursuant to which we are obligated to file a registration statement with the SEC covering 244,500,000 shares of our common stock underlying the KVM Investment Agreement within 21 days after the closing of the transaction. In addition, we are obligated to use all commercially reasonable efforts to have the registration statement declared effective by the SEC and maintain the effectiveness of such registration statement until termination of the KVM Investment Agreement. On November 6, 2013, we filed form S-1 related to the KVM investment agreement. Between February 2014 and July 2014, pursuant to the KVM investment agreement, KVM purchased 34,214,226 shares for $456,924, of which $55,673 is still owed to the Company and is reflected as a stock subscription receivable as of January 31, 2015. On November 14, 2014, we filed a Post-Effective Amendment to deregister the remaining unsold securities, which became effective on December 2, 2014. In January 2014, we issued 1,225,000 shares to an individual in exchange for services valued at $30,163. The company recorded the value as deferred financing cost. In March 2014, the Company issued 1,000,000 units of common stock to a designee of MBGS, LLC, pursuant to a settlement agreement with Northern Dynasty which discharged the $3,730,174 principal balance and $1,592,769 of accrued interest for the 2010 Convertible Note (See Note 7). Each unit consists of one share of the Company’s common stock and a warrant to purchase one-half share of the Company’s common stock. The fair value of the common stock issued was $17,500, which was recorded as an expense upon issuance of the units. The 500,000 warrants, which have an exercise price of $0.028 and have a three year term with a fair value of $6,440. The fair value was expensed and a derivative liability was recorded for the fair value of the warrant on the date of issuance of the units. The change in the fair value of the derivative liability between the date of issuance and the year ended January 31, 2015 was recorded in other income and expense. On December 15, 2014, we entered into an investment agreement with Tangiers Investment Group, LLC (“TIG”), whereby TIG has agreed to invest up to $8,000,000 to purchase shares of our common stock. Subject to the terms and conditions of the agreement and a registration rights agreement, we may, in our sole discretion, deliver a notice to TIG which states the dollar amount which we intend to sell to TIG on a certain date. The amount that we shall be entitled to sell to TIG shall be equal to one hundred and fifty percent ( 150%) of the average daily volume of the common stock for the ten trading days prior to the applicable notice date so long as such amount does not exceed an accumulative amount per month of $100,000 unless a prior approval of TIG is obtained by our company from TIG. The minimum amount shall be equal to $5,000. In connection with the agreement, we also entered into a registration rights agreement dated December 15, 2014, whereby we agreed to file a Registration Statement on Form S-1 with the Securities and Exchange Commission within thirty (30) days of the date of the registration rights agreement and to have the Registration Statement declared effective by the Securities and Exchange Commission within ninety (90) days after we have filed the Registration Statement. We filed the Form S-1 with the Securities and Exchange Commission on January 16, 2015. During the year ended January 31, 2015, $321,680 of the August 2013 Note was converted into 33,821,422 shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.006 to $0.012. From November 2014 through January 2015, the holder of the November 2013 Note converted principal of $102,500 into 11,792,944 shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.006 to $0.011. During the year ended January 31, 2015, the Company issued 6,424,979 units to three investors for total proceeds of $73,000. Each unit consists of one share of the Company’s common stock and a warrant to purchase one share of the Company’s common stock. The warrants have exercise prices ranging from $0.015 to $0.021 and have a three year term. At January 31, 2015 there were 863,500 non-qualified stock options outstanding with a weighted average exercise price of $0.316 per option; of those options 863,500 are exercisable. At January 31, 2015 there were 85,421,374 incentive stock options outstanding with a weighted average exercise price of $0.042 per option; of those options 84,010,886 are exercisable with a weighted average exercise price of $0.042. During the year ended January 31, 2015 we recognized $11,232 of compensation expense related to incentive and non-qualified stock options previously granted to officers, employees and consultants. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Jan. 31, 2015 | |
Commitments and Contingencies [Text Block] | NOTE 14 – Commitments and Contingencies We are required to perform annual assessment work in order to maintain the Big Chunk Alaska State mining claims. If annual assessment work is not performed the Company must pay the assessment amount in cash in order to maintain the claims. Completion of annual assessment work in the amount of $400 per ¼ section (160 acre) claim or $100 per ¼ -¼ section (40 acre) claim extends the claims for a one-year period from the staking of claims. Assessment work performed in excess of the required amount may be carried forward for up to four years to satisfy future obligations. The Company estimates that the required annual assessments per year to maintain the claims from 2014 forward will be $3,600. Sufficient assessment work has been performed for Big Chunk to maintain the claims beyond the next labor year. The annual state rentals for the Big Chunk Alaska State mining claims vary from $70 to $280 per mineral claim. The rental period begins at noon September 1st through the following September 1st and annual rental payments are due on November 30th of each year. The rentals of $6,120, to extend the Big Chunk claims through September 1, 2015 were paid in November 2014. The estimated state rentals due by November 30, 2015 for the period from September 1, 2015 through September 1, 2016 are $6,120. Alaska State production royalty is three percent of net income. State law prescribes that after a 3.5 -year exemption from state taxes a metal mine is liable for a 15% state licensing tax on net income from the mine. We are required to pay annual rentals for our federal lode mining claims for the North Pipes project in the State of Arizona. The rental period begins at noon on September 1st through the following September 1st and rental payments are due by the first day of the rental period. The annual rentals are $140 per claim. The rentals of $60,340 for the period from September 1, 2013 to September 1, 2014 have been paid. The rentals due by September 1, 2014 for the period from September 1, 2014 through September 1, 2015 of $52,640 have not been paid. The rentals due by September 1, 2015 for the period from September 1, 2015 through September 1, 2015 of have not been paid. We are required to pay annual rentals for our federal lode mining claims for the North Pipes project in the State of Arizona. The rental period begins at noon on September 1st through the following September 1st and rental payments are due by the first day of the rental period. The annual rentals are $155 per claim. The rentals of $32,705 for the period from September 1, 2014 to September 1, 2015 have been paid. The rentals due by September 1, 2015 for the period from September 1, 2015 through September 1, 2016 of $32,705 have not been paid. We are required to pay annual rentals for our federal lode mining claims for our East Silver Bell project in the State of Arizona. The rental period begins at noon on September 1st through the following September 1st and rental payments are due by the first day of the rental period. The annual rental is $155 per claim. The rentals of $4,030 for the period from September 1, 2014 to September 1, 2015 have been paid. The annual rentals due by September 1, 2015 of $4,030 are required to maintain the East Silver Bell claims are for the period from September 1, 2015 through September 1, 2016 have not been paid. There is no requirement for annual assessment or exploration work on the federal lode mining claims. There are no royalties associated with the federal lode mining claims. We are required to pay annual rentals for our federal lode mining claims for the Tombstone project in the State of Arizona. The rental period begins at noon on September 1st through the following September 1st and rental payments are due by the first day of the rental period. The annual rentals are $155 per claim. The rentals and initial filing fees of $10,230 for the period from September 1, 2014 to September 1, 2015 have been paid. The rentals due by September 1, 2015 for the period from September 1, 2015 through September 1, 2016 of $10,230 have not been paid. We are required to pay annual rentals for our Arizona State Land Department Mineral Exploration Permits (“AZ MEP”) at our Tombstone Hay Mountain project in the State of Arizona. AZ MEP permits are valid for 1 year and renewable for up to 5 years. The rental fee is $2.00 per acre for the first year, which includes the second year, and $1.00 per acre per year for years three through five. The minimum work expenditure requirements are $10 per acre per year for years one and two and $20 per acre per year for years three through five. If the minimum work expenditure requirement is not met the applicant can pay the equal amount in fees to the Arizona State Land Department to keep the AZ MEP permits current. The rental period begins on September 30th through the following September 29th for our Phase 1 permits, and September 14th through September 13th for our Phase 2 permits. On February 7, 2014 we added a new AZ MEP with 480 acres and an initial rental payment of $960.00 with estimated work expenditures of $4,800 due by February 6, 2015 Rental payments are due by the first day of the rental period. We hold AZ MEP permits for 2,366.88 acres at our Tombstone project. We will need to pay rental fees for our Phase 1 AZ MEP’s before September 29, 2014 in the amount of $3,346.88. Required minimum work expenditures for the period ended September 29, 2014 is $36,937.60. The annual rental due by September 13, 2014 to maintain the Phase 2 AZ MEP permits was $540. We also included $800 to cover minimum work expenditure requirements which were due September 13, 2014 to maintain our Phase 2 AZ MEP permits. A civil action was pending in the Alaska Superior Court in Anchorage, Alaska, that concerned title to some Alaska state mining claims owned by Big Chunk Corp., a subsidiary of Liberty Star. In that action Big Chunk and Liberty Star requested a judicial determination that certain lien claim notices recorded by a party named MBGS, LLC, against the mining claims were void; and MBGS sought an order enforcing the lien claims. Liberty Star and Big Chunk filed a motion for summary judgment to invalidate the lien claims. As was anticipated, MBGS opposed this motion. The lien claims were based on a debt alleged by MBGS to be due from Liberty Star. The existence of this alleged debt was disputed. In March 2014 Liberty Star and Big Chunk entered into a settlement agreement with MBGS, LLC, following a resolution conference conducted in Anchorage, Alaska whereby all lien claims for the Northern Dynasty transfer were released. As a result of those claims released by MBGS, LLC, in May 2014 the company completed its loan settlement agreement with Northern Dynasty and discharged the principal balance and accrued interest for the 2010 Convertible Note which also terminated Northern Dynasty’s earn-in-rights. On June 1, 2011 we rented a warehouse located at Building No. 1, 7900 South Kolb Road, Tucson, Arizona 85706. We rent this warehouse space for $3,645 per month. The lease was in effect until May 31, 2014 with an option to extend for two additional years. The lease was not renewed and is currently on a month to month basis. In addition to using the warehouse for standard purposes, such as storage of our exploration equipment, supplies and samples, the warehouse space also includes office facilities for the use of field geologists and geotechs. |
Fair value of financial instrum
Fair value of financial instruments | 12 Months Ended |
Jan. 31, 2015 | |
Fair value of financial instruments [Text Block] | NOTE 15 – Fair value of financial instruments Fair value measurements at reporting date using: Quoted prices in Significant active markets for Significant other unobservable identical liabilities observable inputs inputs Description Fair Value (Level 1) (Level 2) (Level 3) Warrant and convertible note derivative liability at January 31, 2015 $ 216,705 - - $ 216,705 Warrant and convertible note derivative liability at January 31, 2014 $ 46,985 - - $ 46,985 Our financial instruments consist of cash and cash equivalents, accounts payable, accrued liabilities, convertible notes payable, notes payable, and derivative liability. It is management's opinion that we are not exposed to significant interest, currency or credit risks arising from these financial instruments. With the exception of the derivative liability, the fair value of these financial instruments approximates their carrying values based on their short maturities or for long-term debt based on borrowing rates currently available to us for loans with similar terms and maturities. Gains and losses recognized on changes in estimated fair value of the warrant liability are reported in other income (expense) as gain (loss) on change in fair value. |
Changes in officers and directo
Changes in officers and directors | 12 Months Ended |
Jan. 31, 2015 | |
Changes in officers and directors [Text Block] | NOTE 16 – Changes in officers and directors On August 28, 2013, Larry Liang, resigned as the president and a director of our company. On the same date, we appointed James Briscoe as president of our company. On October 20, 2014, we appointed Brett Gross as a director of our company. |
Subsequent events
Subsequent events | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015 | Jan. 31, 2015 | |
Subsequent events [Text Block] | NOTE 9 – Subsequent events In August, September and October of 2015, $77,643 of the December 2014 Note was converted into 77,194,959 shares of the Company’s common stock. In August and September 2015, the company issued an aggregate of 89,209,703 shares of common stock for total proceeds of $108,826 to Tangiers Investment Group, LLC under the investment agreement dated June 20, 2015. In August 2015, the Company issued 16,077,170 units to an investor for total proceeds of $25,000. Each unit consists of one share of the Company’s common stock and one warrant to purchase one share of the Company’s common stock. The warrants have an exercise price of $0.00218 and have a three year term. In August 2015, the Company issued 5,733,000 shares to a former service provider for accrued services totaling $10,320. In August and September 2015, an aggregate of $62,160 of the August 2013 Note was converted into an aggregate of 60,642,857 shares of the Company’s common stock. In August 2015, we received additional consideration of $50,000 with $5,500 of original issue discount under the terms of the August 2013 Note. An Amendment to this Note was executed in August 2015 to include this additional consideration under the Note. In September 2015, the Company issued 1,851,852 common shares to an investor for procees of $3,000. | NOTE 17– Subsequent events Between February and April 2015, $125,000 of the December 2014 Note was converted into 29,248,823 shares of the Company’s common stock. Between February and April 2015, $105,734 of the August 2013 Note was converted into 30,800,000 shares of the Company’s common stock. In March and April 2015, $160,833 of the August 2014 Note was converted into 56,676,739 shares of the Company’s common stock. In April 2015, $52,320 of the October 2014 Note was converted into 26,000,000 shares of the Company’s common stock. |
Summary of Significant Accoun25
Summary of Significant Accounting Policies (Policies) | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015 | Jan. 31, 2015 | |
Fair Value [Policy Text Block] | Fair Value ASC 820 Fair Value Measurements and Disclosures (“ASC 820”), defines fair value, establishes a framework for measuring fair value and enhances disclosures about fair value measurements. It defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable. Valuations may be obtained from, or corroborated by, third-party pricing services. Level 3: Unobservable inputs to measure fair value of assets and liabilities for which there is little, if any market activity at the measurement date, using reasonable inputs and assumptions based upon the best information at the time, to the extent that inputs are available without undue cost and effort. As of July 31, 2015 the significant inputs to the Company’s derivative liability calculation were Level 3 inputs. The following schedule summarizes the valuation of financial instruments at fair value in the balance sheets as of July 31, 2015 and January 31, 2015: Fair value measurements at reporting date using: Quoted prices in Significant active markets for Significant other unobservable identical liabilities observable inputs inputs Description Fair Value (Level 1) (Level 2) (Level 3) Warrant and convertible note derivative liability at July 31, 2015 $ 60,839 - - $ 60,839 Warrant and convertible note derivative liability at January 31, 2015 $ 216,705 - - $ 216,705 Our financial instruments consist of cash and cash equivalents, accounts payable, accrued liabilities, convertible notes payable, notes payable, and warrant liability. It is management’s opinion that we are not exposed to significant interest, currency or credit risks arising from these financial instruments. With the exception of the warrant liability, the fair value of these financial instruments approximates their carrying values based on their short maturities or for long-term debt based on borrowing rates currently available to us for loans with similar terms and maturities. Gains and losses recognized on changes in estimated fair value of the derivative liability are reported in other income (expense) as gain (loss) on change in fair value. | Fair Value of Financial Assets and Liabilities Level 1 Level 2 Level 3 |
Use of estimates [Policy Text Block] | Use of estimates The valuation of stock-based compensation, classification and valuation of common stock purchase warrants, classification and value of embedded conversion options, value of beneficial conversion features, valuation allowance on deferred tax assets, the determination of useful lives and recoverability of depreciable assets, accruals, and contingencies are significant estimates made by management. It is at least reasonably possible that a change in these estimates may occur in the near term. | |
Principles of consolidation [Policy Text Block] | Principles of consolidation | |
Cash and cash equivalents [Policy Text Block] | Cash and cash equivalents | |
Mineral claim costs [Policy Text Block] | Mineral claim costs | |
Long-lived assets and impairment of long-lived assets [Policy Text Block] | Long-lived assets and impairment of long-lived assets We review long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Recoverability of a long-lived asset group to be held and used in operations is measured by a comparison of the carrying amount to the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset group. If such asset group is considered to be impaired, the impairment loss is measured as the amount by which the carrying amount of the asset group exceeds its fair value. Long-lived assets to be disposed of are carried at the lower of cost or fair value less the costs of disposal. | |
Convertible promissory notes [Policy Text Block] | Convertible promissory notes | |
Derivative liabilities [Policy Text Block] | Derivative liabilities The valuation of the derivative liability attached to the convertible debt is arrived at through the use of a Monte Carlo model that values the derivative liability within the notes. The technique applied generates a large number of possible (but random) price paths for the underlying (or underlyings) via simulation, and then calculates the associated payment value (cash, stock, or warrants) of the derivative features. The price of the underlying common stock is modeled such that it follows a geometric Brownian motion with constant drift, and elastic volatility (increasing as stock price decreases). The stock price is determined by a random sampling from a normal distribution. Since the underlying random process is the same, for enough price paths, the value of the derivative is derived from path dependent scenarios and outcomes. The features in the notes are analyzed and incorporated into the model included the conversion features with the reset provisions, the call/redemption/prepayment options, and the default provisions. Based on these features, there are six primary events that can occur; payments are made in cash; payments are made with stock; the note holder converts upon receiving a redemption notice; the note holder converts the note; the issuer redeems the note; or the Company defaults on the note. The model simulates the underlying economic factors that influenced which of these events would occur, when they were likely to occur, and the specific terms that would be in effect at the time (i.e. stock price, conversion price, etc.). Probabilities are assigned to each variable such as redemption likelihood, default likelihood, and timing and pricing of reset events over the remaining term of the notes based on management projections. This leads to a cash flow simulation over the life of the note. A discounted cash flow for each simulation is completed, and is compared to the discounted cash flow of the note without the embedded features, thus determining a value for the derivative liability. | |
Common stock purchase warrants [Policy Text Block] | Common stock purchase warrants | |
Stock based compensation [Policy Text Block] | Stock based compensation Non-employee stock-based compensation is accounted for based on the fair value of the related stock or options or the fair value of the services on the grant date, whichever is more readily determinable. The fair value of options to be granted are estimated on the date of each grant using the Black-Scholes option pricing model and amortized ratably over the option's vesting periods, which approximates the service period. | |
Environmental expenditures [Policy Text Block] | Environmental expenditures | |
Income taxes [Policy Text Block] | Income taxes | |
Net income (loss) per share [Policy Text Block] | Net income (loss) per share | |
Statement Presentation [Policy Text Block] | Statement Presentation | |
Recently issued accounting standards [Policy Text Block] | Recently issued accounting standards |
Summary of Significant Accoun26
Summary of Significant Accounting Policies (Tables) | 6 Months Ended |
Jul. 31, 2015 | |
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] | Fair value measurements at reporting date using: Quoted prices in Significant active markets for Significant other unobservable identical liabilities observable inputs inputs Description Fair Value (Level 1) (Level 2) (Level 3) Warrant and convertible note derivative liability at July 31, 2015 $ 60,839 - - $ 60,839 Warrant and convertible note derivative liability at January 31, 2015 $ 216,705 - - $ 216,705 |
Property and equipment (Tables)
Property and equipment (Tables) | 12 Months Ended |
Jan. 31, 2015 | |
Schedule of Property, Plant and Equipment [Table Text Block] | January 31, 2015 January 31, 2014 Geology Equipment ( 3 to 7 years) $ 264,734 $ 260,521 Vehicles and transportation equipment ( 5 years) 44,284 50,180 Office furniture and equipment ( 3 to 7 years) 81,061 75,404 390,079 386,105 Less: accumulated depreciation and amortization (357,741 ) (336,313 ) $ 32,338 $ 49,792 |
Share-based compensation (Table
Share-based compensation (Tables) | 12 Months Ended |
Jan. 31, 2015 | |
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | Weighted Weighted average Number of average remaining life Aggregate options exercise price (years) intrinsic value Outstanding, January 31, 2013 90,635,375 $ 0.047 $ - Granted 7,423,624 0.026 Cancelled (12,582,875 ) 0.041 Exercised - - Outstanding, January 31, 2014 85,476,124 $ 0.047 $ - Granted - - Cancelled (54,750 ) 6.710 Exercised - - Outstanding, January 31, 2015 85,421,374 $ 0.042 1.27 $ - Exercisable, January 31, 2015 84,010,886 $ 0.042 1.14 $ - |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Expected Expected dividend Risk-free interest Grant date volatility yield Expected term rate Forfeiture rate January 10, 2012 128% 0% 10 years 2% 10% December 13, 2012 174% 0% 3 years 0.34% 0% January 1, 2013 173% 0% 3 years 0.36% 0% January 1, 2013 171% 0% 3 years 0.41% 0% September 5, 2013 221% 0% 6.25 years 2.15% 20% |
Schedule of Share-based Compensation, Activity [Table Text Block] | January 31, 2015 January 31, 2014 Geological and geophysical costs $ 4,728 $ 2,610 Salaries and benefits 4,728 236,509 Investor relations 1,776 1,503 General and administrative - - $ 11,232 $ 240,622 |
Schedule of Share-based Compensation, Non-vested Stock Options, Activity [Table Text Block] | Weighted Weighted average Number of average remaining life Aggregate options exercise price (years) intrinsic value Outstanding, January 31, 2013 903,500 $ 0.376 $ - Granted - - Expired - - Outstanding, January 31, 2014 903,500 $ 0.376 $ - Granted - - Expired (40,000 ) 1.678 Outstanding, January 31, 2015 863,500 $ 0.316 1.67 $ - Exercisable, January 31, 2015 863,500 $ 0.316 1.67 $ - |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Jan. 31, 2015 | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | January 31, 2015 January 31, 2014 Deferred Tax Assets $ 8,853,000 $ 10,243,000 Less Valuation Allowance (8,853,000 ) (10,243,000 ) $ - $ - |
Warrants (Tables)
Warrants (Tables) | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015 | Jan. 31, 2015 | |
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block] | Weighted Number of whole share average exercise purchase warrants price per share Outstanding, January 31, 2015 59,566,708 $ 0.024 Issued 44,164,863 0.003 Expired (11,069,384 ) 0.040 Exercised - - Outstanding, July 31, 2015 92,662,187 $ 0.020 Exercisable, July 31, 2015 92,662,187 $ 0.012 | Number of Weighted average whole share exercise purchase warrants price per share Outstanding, January 31, 2013 94,059,629 $ 0.055 Issued 25,556,792 0.016 Expired (46,579,478 ) 0.071 Exercised (14,595,214 ) 0.051 Outstanding, January 31, 2014 58,441,729 $ 0.026 Issued 6,924,979 0.017 Expired (5,800,000 ) 0.037 Exercised - - Outstanding, January 31, 2015 59,566,708 $ 0.024 Exercisable, January 31, 2015 59,566,708 $ 0.024 |
Derivative Liabilities (Tables)
Derivative Liabilities (Tables) | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015 | Jan. 31, 2015 | |
Derivative Instruments, Gain (Loss) [Table Text Block] | Six months ended July 31, 2015 2014 Beginning balance $ 216,705 $ 46,985 Total (gains) losses (83,999 ) (262,912 ) Settlements (656,034 ) (146,524 ) Additions 584,167 852,023 Ending balance $ 60,839 $ 489,572 Change in unrealized gains (losses) included in earnings relating to derivatives still held as of July 31, 2015 and 2014 $ (83,999 ) $ (262,912 ) | Year Ended January 31, 2015 2014 Beginning balance $ 46,985 $ 15,112 Total (gains) losses (482,697 ) 31,873 Settlements (256,748 ) - Additions 909,165 - Ending balance $ 216,705 $ 46,985 Change in unrealized (gains) losses included in earnings relating to derivatives still held as of January 31, 2015 and 2014 $ (482,697 ) $ 31,873 |
Schedule of Share-based Payment Award, Warrants, Valuation Assumptions [Table Text Block] | Expected Expected dividend Expected Risk-free interest Description volatility yield term rate Derivative liability at January 31, 2014 209.37% 0% 2.5 0.69% |
Convertible promissory notes (T
Convertible promissory notes (Tables) | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015 | Jan. 31, 2015 | |
Schedule of Convertible Debt [Table Text Block] | July 31, January 31, 2015 2015 12% convertible note payable issued August 2013, $38,784 due September 2015 and $55,500 due February 2016 $ 62,161 $ 144,519 Convertible note payable issued November 2013, due November 2015 - 147,500 12% convertible note payable issued August 2014, due August 2015 - 157,792 10% convertible note payable issued October 2014, due October 2015 - 108,136 10% convertible note payable issued December 2014, due December 2016 149,911 106,697 212,072 664,644 Less debt discount (36,891 ) (41,928 ) Less current portion of convertible notes (25,270 ) (516,019 ) Long-term convertible notes payable $ 149,911 $ 106,697 | January 31, January 31, 2015 2014 10% convertible note payable with Northern Dynasty Minerals Ltd (“Northern Dynasty”) issued July 15, 2010 $ - $ 3,730,174 12% convertible note payable issued August 2013, $51,279 due in June 2015 and $93,240 due in September 2015 144,519 247,500 Convertible note payable issued November 2013, due November 2015 147,500 250,000 12% convertible note payable issued August 2014, due August 2015 157,791 - 10% convertible note payable issued October 2014, due October 2015 108,136 - 10% convertible note payable issued December 2014, due December 2016 106,697 - 664,643 4,227,674 Less debt discount (41,928 ) (34,584 ) Less current portion of convertible notes (516,018 ) (4,193,090 ) Long-term convertible notes payable $ 106,697 $ - |
Schedule of Debt [Table Text Block] | Minimum future debt payments For the year ending January 31, 2016 $ 6,149 2017 561 2018 and thereafter - $ 6,710 Less: current maturities 6,149 $ 561 |
Fair value of financial instr33
Fair value of financial instruments (Tables) | 12 Months Ended |
Jan. 31, 2015 | |
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis [Table Text Block] | Fair value measurements at reporting date using: Quoted prices in Significant active markets for Significant other unobservable identical liabilities observable inputs inputs Description Fair Value (Level 1) (Level 2) (Level 3) Warrant and convertible note derivative liability at January 31, 2015 $ 216,705 - - $ 216,705 Warrant and convertible note derivative liability at January 31, 2014 $ 46,985 - - $ 46,985 |
Summary of Significant Accoun34
Summary of Significant Accounting Policies (Narrative) (Details) | 12 Months Ended |
Jan. 31, 2015USD ($)yrshares | |
Summary Of Significant Accounting Policies 1 | $ 0 |
Summary Of Significant Accounting Policies 2 | 0 |
Summary Of Significant Accounting Policies 3 | $ 500 |
Summary Of Significant Accounting Policies 4 | 3 |
Summary Of Significant Accounting Policies 5 | yr | 7 |
Summary Of Significant Accounting Policies 6 | shares | 1,345,666 |
Summary Of Significant Accounting Policies 7 | shares | 119,442,929 |
Mineral claims (Narrative) (Det
Mineral claims (Narrative) (Details) | 12 Months Ended |
Jan. 31, 2015ami | |
Mineral Claims 1 | 100.00% |
Mineral Claims 2 | 211 |
Mineral Claims 3 | 100.00% |
Mineral Claims 4 | 95 |
Mineral Claims 5 | 29 |
Mineral Claims 6 | 66 |
Mineral Claims 7 | a | 2,367 |
Mineral Claims 8 | 26 |
Mineral Claims 9 | 100.00% |
Mineral Claims 10 | 9 |
Mineral Claims 11 | 200 |
Mineral Claims 12 | 199 |
Prepaid expenses (Narrative) (D
Prepaid expenses (Narrative) (Details) | 12 Months Ended |
Jan. 31, 2015USD ($) | |
Prepaid Expenses 1 | $ 70,000 |
Property and equipment (Narrati
Property and equipment (Narrative) (Details) | 12 Months Ended |
Jan. 31, 2015USD ($) | |
Property And Equipment 1 | $ 27,324 |
Property And Equipment 2 | $ 32,827 |
Share-based compensation (Narra
Share-based compensation (Narrative) (Details) | 12 Months Ended |
Jan. 31, 2015USD ($)yr$ / sharesshares | |
Share-based Compensation 1 | shares | 95,500,000 |
Share-based Compensation 2 | shares | 2,500,000 |
Share-based Compensation 3 | shares | 962,500 |
Share-based Compensation 4 | 10.00% |
Share-based Compensation 5 | 110.00% |
Share-based Compensation 6 | 10.00% |
Share-based Compensation 7 | 12,500,000 |
Share-based Compensation 8 | 12,500,000 |
Share-based Compensation 9 | 50,000 |
Share-based Compensation 10 | 50,000 |
Share-based Compensation 11 | 127,626 |
Share-based Compensation 12 | 32,876 |
Share-based Compensation 13 | shares | 7,423,624 |
Share-based Compensation 14 | $ / shares | $ 0.0257 |
Share-based Compensation 15 | $ 210,300 |
Share-based Compensation 16 | 100.00% |
Share-based Compensation 17 | 25.00% |
Share-based Compensation 18 | 25.00% |
Share-based Compensation 19 | $ 29,455 |
Share-based Compensation 20 | $ 0.0086 |
Share-based Compensation 21 | $ / shares | $ 0.0195 |
Share-based Compensation 22 | $ 29,455 |
Share-based Compensation 23 | yr | 2.8 |
Share-based Compensation 24 | $ 0.0086 |
Share-based Compensation 25 | $ / shares | $ 0.0195 |
Income taxes (Narrative) (Detai
Income taxes (Narrative) (Details) | 12 Months Ended |
Jan. 31, 2015USD ($) | |
Income Taxes 1 | $ 1,390,000 |
Income Taxes 2 | 730,000 |
Income Taxes 3 | $ 26,000,000 |
Income Taxes 4 | 50.00% |
Related party transactions (Nar
Related party transactions (Narrative) (Details) | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015USD ($)$ / mo | Jan. 31, 2015USD ($)$ / mo | |
Related Party Transactions 1 | $ 6,263 | |
Related Party Transactions 2 | $ / mo | 522 | |
Related Party Transactions 3 | $ 389,367 | |
Related Party Transactions 4 | $ 15,625 | |
Related Party Transactions 5 | 26 | |
Related Party Transactions 6 | 29 | |
Related Party Transactions 7 | $ 8,525 | |
Related Party Transactions 8 | $ 6,263 | |
Related Party Transactions 9 | $ / mo | 522 | |
Related Party Transactions 10 | $ 325,367 | |
Related Party Transactions 11 | 15,625 | |
Related Party Transactions 12 | $ 67,500 | |
Related Party Transactions 13 | 26 | |
Related Party Transactions 14 | 33 | |
Related Party Transactions 15 | $ 8,260 | |
Related Party Transactions 1 | $ / mo | 522 | |
Related Party Transactions 2 | $ 3,132 | |
Related Party Transactions 3 | 431,867 | |
Related Party Transactions 4 | $ 15,625 |
Warrants (Narrative) (Details)
Warrants (Narrative) (Details) | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015USD ($)yrshares | Jan. 31, 2015USD ($)yr | |
Warrants 1 | 59,566,708 | |
Warrants 2 | yr | 1.1 | |
Warrants 3 | $ 0.024 | |
Warrants 4 | 0 | |
Warrants 5 | $ 109,275 | |
Warrants 1 | 92,662,187 | |
Warrants 2 | yr | 1.79 | |
Warrants 3 | $ 0.012 | |
Warrants 4 | $ 0 | |
Warrants 5 | shares | 5,882,352 | |
Warrants 6 | $ 0.0048 | |
Warrants 7 | shares | 33,613,445 | |
Warrants 8 | $ 0.0025 | |
Warrants 9 | shares | 1,846,154 | |
Warrants 10 | $ 0.0023 | |
Warrants 11 | shares | 2,822,912 | |
Warrants 12 | $ 0.0021 |
Derivative Liabilities (Narrati
Derivative Liabilities (Narrative) (Details) | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015USD ($)mo | Jan. 31, 2015USD ($)mo | |
Derivative Liabilities 1 | 112.00% | |
Derivative Liabilities 2 | 25.00% | |
Derivative Liabilities 3 | mo | 6 | |
Derivative Liabilities 4 | 1.00% | |
Derivative Liabilities 5 | 2 | |
Derivative Liabilities 6 | 25.00% | |
Derivative Liabilities 7 | mo | 6 | |
Derivative Liabilities 8 | 1.00% | |
Derivative Liabilities 9 | 1.00% | |
Derivative Liabilities 10 | 70.00% | |
Derivative Liabilities 11 | $ 520,552 | |
Derivative Liabilities 12 | 6,440 | |
Derivative Liabilities 13 | 382,173 | |
Derivative Liabilities 14 | 382,173 | |
Derivative Liabilities 15 | 172,968 | |
Derivative Liabilities 16 | 182,348 | |
Derivative Liabilities 17 | 26,859 | |
Derivative Liabilities 18 | 482,697 | |
Derivative Liabilities 19 | 216,705 | |
Derivative Liabilities 20 | $ 256,748 | |
Derivative Liabilities 21 | 2,500,000 | |
Derivative Liabilities 22 | $ 0.0264 | |
Derivative Liabilities 1 | 117 | |
Derivative Liabilities 2 | 131.00% | |
Derivative Liabilities 3 | 5.00% | |
Derivative Liabilities 4 | mo | 6 | |
Derivative Liabilities 5 | 1.00% | |
Derivative Liabilities 6 | 2 | |
Derivative Liabilities 7 | 5.00% | |
Derivative Liabilities 8 | mo | 6 | |
Derivative Liabilities 9 | 1.00% | |
Derivative Liabilities 10 | 1.00% | |
Derivative Liabilities 11 | 70.00% | |
Derivative Liabilities 12 | $ 36,552 | |
Derivative Liabilities 13 | 547,615 | |
Derivative Liabilities 14 | 411,247 | |
Derivative Liabilities 15 | 15,276 | |
Derivative Liabilities 16 | 394,872 | |
Derivative Liabilities 17 | 27,958 | |
Derivative Liabilities 18 | 83,999 | |
Derivative Liabilities 19 | 60,839 | |
Derivative Liabilities 20 | $ 656,034 |
Convertible promissory notes (N
Convertible promissory notes (Narrative) (Details) | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015USD ($)dmoshares | Jan. 31, 2015USD ($)dmoshares | |
Long-term Debt And Convertible Promissory Notes 1 | $ 544 | |
Long-term Debt And Convertible Promissory Notes 2 | 9.49% | |
Long-term Debt And Convertible Promissory Notes 3 | $ 6,710 | |
Long-term Debt And Convertible Promissory Notes 4 | 12,304 | |
Long-term Debt And Convertible Promissory Notes 5 | 6,891 | |
Long-term Debt And Convertible Promissory Notes 6 | $ 14,410 | |
Long-term Debt And Convertible Promissory Notes 7 | 506 | |
Long-term Debt And Convertible Promissory Notes 8 | 10.00% | |
Long-term Debt And Convertible Promissory Notes 9 | $ 730,174 | |
Long-term Debt And Convertible Promissory Notes 10 | 60.00% | |
Long-term Debt And Convertible Promissory Notes 11 | $ 10,000,000 | |
Long-term Debt And Convertible Promissory Notes 12 | d | 30 | |
Long-term Debt And Convertible Promissory Notes 13 | mo | 12 | |
Long-term Debt And Convertible Promissory Notes 14 | $ 3,730,174 | |
Long-term Debt And Convertible Promissory Notes 15 | $ 1,592,769 | |
Long-term Debt And Convertible Promissory Notes 16 | 199 | |
Long-term Debt And Convertible Promissory Notes 17 | $ 5,322,943 | |
Long-term Debt And Convertible Promissory Notes 18 | 555,000 | |
Long-term Debt And Convertible Promissory Notes 19 | 500,000 | |
Long-term Debt And Convertible Promissory Notes 20 | 55,000 | |
Long-term Debt And Convertible Promissory Notes 21 | $ 150,000 | |
Long-term Debt And Convertible Promissory Notes 22 | d | 180 | |
Long-term Debt And Convertible Promissory Notes 23 | 70.00% | |
Long-term Debt And Convertible Promissory Notes 24 | d | 20 | |
Long-term Debt And Convertible Promissory Notes 25 | d | 90 | |
Long-term Debt And Convertible Promissory Notes 26 | 0.00% | |
Long-term Debt And Convertible Promissory Notes 27 | d | 90 | |
Long-term Debt And Convertible Promissory Notes 28 | 12.00% | |
Long-term Debt And Convertible Promissory Notes 29 | $ 150,000 | |
Long-term Debt And Convertible Promissory Notes 30 | d | 90 | |
Long-term Debt And Convertible Promissory Notes 31 | $ 150,000 | |
Long-term Debt And Convertible Promissory Notes 32 | $ 186,480 | |
Long-term Debt And Convertible Promissory Notes 33 | shares | 17,937,915 | |
Long-term Debt And Convertible Promissory Notes 34 | $ 75,000 | |
Long-term Debt And Convertible Promissory Notes 35 | $ 75,000 | |
Long-term Debt And Convertible Promissory Notes 36 | d | 90 | |
Long-term Debt And Convertible Promissory Notes 37 | $ 93,240 | |
Long-term Debt And Convertible Promissory Notes 38 | shares | 9,983,507 | |
Long-term Debt And Convertible Promissory Notes 39 | $ 75,000 | |
Long-term Debt And Convertible Promissory Notes 40 | 75,000 | |
Long-term Debt And Convertible Promissory Notes 41 | 41,961 | |
Long-term Debt And Convertible Promissory Notes 42 | $ 75,000 | |
Long-term Debt And Convertible Promissory Notes 43 | shares | 5,900,000 | |
Long-term Debt And Convertible Promissory Notes 44 | $ 144,519 | |
Long-term Debt And Convertible Promissory Notes 45 | 250,000 | |
Long-term Debt And Convertible Promissory Notes 46 | 225,000 | |
Long-term Debt And Convertible Promissory Notes 47 | $ 25,000 | |
Long-term Debt And Convertible Promissory Notes 48 | 100.00% | |
Long-term Debt And Convertible Promissory Notes 49 | 70.00% | |
Long-term Debt And Convertible Promissory Notes 50 | d | 5 | |
Long-term Debt And Convertible Promissory Notes 51 | $ 250,000 | |
Long-term Debt And Convertible Promissory Notes 52 | $ 102,500 | |
Long-term Debt And Convertible Promissory Notes 53 | shares | 11,792,944 | |
Long-term Debt And Convertible Promissory Notes 54 | $ 147,500 | |
Long-term Debt And Convertible Promissory Notes 55 | $ 150,000 | |
Long-term Debt And Convertible Promissory Notes 56 | 12.00% | |
Long-term Debt And Convertible Promissory Notes 57 | d | 180 | |
Long-term Debt And Convertible Promissory Notes 58 | 45.00% | |
Long-term Debt And Convertible Promissory Notes 59 | d | 10 | |
Long-term Debt And Convertible Promissory Notes 60 | $ 157,791 | |
Long-term Debt And Convertible Promissory Notes 61 | $ 105,000 | |
Long-term Debt And Convertible Promissory Notes 62 | 10.00% | |
Long-term Debt And Convertible Promissory Notes 63 | $ 5,000 | |
Long-term Debt And Convertible Promissory Notes 64 | d | 180 | |
Long-term Debt And Convertible Promissory Notes 65 | 40.00% | |
Long-term Debt And Convertible Promissory Notes 66 | $ 108,136 | |
Long-term Debt And Convertible Promissory Notes 67 | 210,000 | |
Long-term Debt And Convertible Promissory Notes 68 | 10,000 | |
Long-term Debt And Convertible Promissory Notes 69 | 105,000 | |
Long-term Debt And Convertible Promissory Notes 70 | 100,000 | |
Long-term Debt And Convertible Promissory Notes 71 | $ 5,000 | |
Long-term Debt And Convertible Promissory Notes 72 | 10.00% | |
Long-term Debt And Convertible Promissory Notes 73 | 37.50% | |
Long-term Debt And Convertible Promissory Notes 74 | d | 5 | |
Long-term Debt And Convertible Promissory Notes 75 | $ 106,697 | |
Long-term Debt And Convertible Promissory Notes 76 | 382,173 | |
Long-term Debt And Convertible Promissory Notes 77 | 0 | |
Long-term Debt And Convertible Promissory Notes 78 | 28,750 | |
Long-term Debt And Convertible Promissory Notes 79 | 47,500 | |
Long-term Debt And Convertible Promissory Notes 80 | 403,579 | |
Long-term Debt And Convertible Promissory Notes 81 | 12,916 | |
Long-term Debt And Convertible Promissory Notes 82 | 45,663 | |
Long-term Debt And Convertible Promissory Notes 83 | 15,500 | |
Long-term Debt And Convertible Promissory Notes 84 | 30,163 | |
Long-term Debt And Convertible Promissory Notes 85 | 38,052 | |
Long-term Debt And Convertible Promissory Notes 86 | $ 7,611 | |
Convertible Promissory Notes 1 | 10.00% | |
Convertible Promissory Notes 2 | $ 730,174 | |
Convertible Promissory Notes 3 | 60.00% | |
Convertible Promissory Notes 4 | $ 10,000,000 | |
Convertible Promissory Notes 5 | d | 30 | |
Convertible Promissory Notes 6 | mo | 12 | |
Convertible Promissory Notes 7 | $ 3,730,174 | |
Convertible Promissory Notes 8 | $ 1,592,769 | |
Convertible Promissory Notes 9 | 199 | |
Convertible Promissory Notes 10 | $ 5,322,943 | |
Convertible Promissory Notes 11 | 555,000 | |
Convertible Promissory Notes 12 | 500,000 | |
Convertible Promissory Notes 13 | 55,000 | |
Convertible Promissory Notes 14 | $ 150,000 | |
Convertible Promissory Notes 15 | d | 180 | |
Convertible Promissory Notes 16 | 70.00% | |
Convertible Promissory Notes 17 | d | 20 | |
Convertible Promissory Notes 18 | d | 90 | |
Convertible Promissory Notes 19 | 0.00% | |
Convertible Promissory Notes 20 | d | 90 | |
Convertible Promissory Notes 21 | 12.00% | |
Convertible Promissory Notes 22 | $ 150,000 | |
Convertible Promissory Notes 23 | d | 90 | |
Convertible Promissory Notes 24 | $ 150,000 | |
Convertible Promissory Notes 25 | $ 186,480 | |
Convertible Promissory Notes 26 | shares | 17,937,915 | |
Convertible Promissory Notes 27 | $ 75,000 | |
Convertible Promissory Notes 28 | $ 75,000 | |
Convertible Promissory Notes 29 | d | 90 | |
Convertible Promissory Notes 30 | $ 93,240 | |
Convertible Promissory Notes 31 | shares | 9,983,507 | |
Convertible Promissory Notes 32 | $ 75,000 | |
Convertible Promissory Notes 33 | 75,000 | |
Convertible Promissory Notes 34 | $ 41,961 | |
Convertible Promissory Notes 35 | shares | 5,900,000 | |
Convertible Promissory Notes 36 | $ 50,000 | |
Convertible Promissory Notes 37 | $ 105,733 | |
Convertible Promissory Notes 38 | shares | 30,800,000 | |
Convertible Promissory Notes 39 | $ 38,784 | |
Convertible Promissory Notes 40 | shares | 31,715,187 | |
Convertible Promissory Notes 41 | $ 62,161 | |
Convertible Promissory Notes 42 | 250,000 | |
Convertible Promissory Notes 43 | 225,000 | |
Convertible Promissory Notes 44 | $ 25,000 | |
Convertible Promissory Notes 45 | 100.00% | |
Convertible Promissory Notes 46 | 70.00% | |
Convertible Promissory Notes 47 | d | 5 | |
Convertible Promissory Notes 48 | $ 250,000 | |
Convertible Promissory Notes 49 | $ 102,500 | |
Convertible Promissory Notes 50 | shares | 11,792,944 | |
Convertible Promissory Notes 51 | $ 125,001 | |
Convertible Promissory Notes 52 | shares | 29,248,823 | |
Convertible Promissory Notes 53 | $ 28,046 | |
Convertible Promissory Notes 54 | shares | 18,995,113 | |
Convertible Promissory Notes 55 | $ 0 | |
Convertible Promissory Notes 56 | $ 150,000 | |
Convertible Promissory Notes 57 | 12.00% | |
Convertible Promissory Notes 58 | d | 180 | |
Convertible Promissory Notes 59 | 45.00% | |
Convertible Promissory Notes 60 | d | 10 | |
Convertible Promissory Notes 61 | $ 160,834 | |
Convertible Promissory Notes 62 | shares | 56,676,739 | |
Convertible Promissory Notes 63 | $ 0 | |
Convertible Promissory Notes 64 | $ 105,000 | |
Convertible Promissory Notes 65 | 10.00% | |
Convertible Promissory Notes 66 | $ 5,000 | |
Convertible Promissory Notes 67 | d | 180 | |
Convertible Promissory Notes 68 | 40.00% | |
Convertible Promissory Notes 69 | $ 57,000 | |
Convertible Promissory Notes 70 | shares | 26,000,000 | |
Convertible Promissory Notes 71 | $ 53,901 | |
Convertible Promissory Notes 72 | shares | 48,878,264 | |
Convertible Promissory Notes 73 | $ 0 | |
Convertible Promissory Notes 74 | 210,000 | |
Convertible Promissory Notes 75 | 10,000 | |
Convertible Promissory Notes 76 | 105,000 | |
Convertible Promissory Notes 77 | 100,000 | |
Convertible Promissory Notes 78 | 5,000 | |
Convertible Promissory Notes 79 | 50,000 | |
Convertible Promissory Notes 80 | 2,500 | |
Convertible Promissory Notes 81 | 30,000 | |
Convertible Promissory Notes 82 | 1,500 | |
Convertible Promissory Notes 83 | 20,000 | |
Convertible Promissory Notes 84 | $ 1,000 | |
Convertible Promissory Notes 85 | 10.00% | |
Convertible Promissory Notes 86 | 37.50% | |
Convertible Promissory Notes 87 | d | 5 | |
Convertible Promissory Notes 88 | $ 69,357 | |
Convertible Promissory Notes 89 | shares | 61,028,598 | |
Convertible Promissory Notes 90 | $ 149,911 | |
Convertible Promissory Notes 91 | 411,247 | |
Convertible Promissory Notes 92 | 325,031 | |
Convertible Promissory Notes 93 | 10,500 | |
Convertible Promissory Notes 94 | 10,500 | |
Convertible Promissory Notes 95 | 563,152 | |
Convertible Promissory Notes 96 | 225,953 | |
Convertible Promissory Notes 97 | 45,663 | |
Convertible Promissory Notes 98 | 15,500 | |
Convertible Promissory Notes 99 | 30,163 | |
Convertible Promissory Notes 100 | 0 | |
Convertible Promissory Notes 101 | 22,831 | |
Convertible Promissory Notes 102 | $ 72,308 |
Stockholders deficit (Narrative
Stockholders deficit (Narrative) (Details) | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015USD ($)$ / sharesshares | Jan. 31, 2015USD ($)d$ / sharesshares | |
Common Stock 1 | $ 10,000,000 | |
Common Stock 2 | $ 10,000,000 | |
Common Stock 3 | 200.00% | |
Common Stock 4 | 27.50% | |
Common Stock 5 | shares | 185,000,000 | |
Common Stock 6 | shares | 22,874,405 | |
Common Stock 7 | $ 200,000 | |
Common Stock 8 | shares | 3,448,276 | |
Common Stock 9 | $ 40,000 | |
Common Stock 10 | $ 0.0162 | |
Common Stock 11 | shares | 1,526,718 | |
Common Stock 12 | $ 20,000 | |
Common Stock 13 | 0.0183 | |
Common Stock 14 | $ 22,141 | |
Common Stock 15 | 3,033,618 | |
Common Stock 16 | shares | 2,500,000 | |
Common Stock 17 | 533,618 | |
Common Stock 18 | shares | 31,270,958 | |
Common Stock 19 | $ 255,000 | |
Common Stock 20 | 25,000 | |
Common Stock 21 | $ 5,000 | |
Common Stock 22 | 113,815,732 | |
Common Stock 23 | $ 1,635,000 | |
Common Stock 24 | shares | 18,001,166 | |
Common Stock 25 | $ 182,043 | |
Common Stock 26 | 0.0116 | |
Common Stock 27 | $ 0.0173 | |
Common Stock 28 | 4,263,989 | |
Common Stock 29 | shares | 3,587,165 | |
Common Stock 30 | 678,824 | |
Common Stock 31 | shares | 5,023,256 | |
Common Stock 32 | 50.00% | |
Common Stock 33 | (2,511,628) | |
Common Stock 34 | $ 54,000 | |
Common Stock 35 | shares | 2,511,628 | |
Common Stock 36 | shares | 2,511,628 | |
Common Stock 37 | $ 54,000 | |
Common Stock 38 | shares | 423,135 | |
Common Stock 39 | $ 7,938 | |
Common Stock 40 | $ 7,682 | |
Common Stock 41 | shares | 423,135 | |
Common Stock 42 | $ 0.0263 | |
Common Stock 43 | shares | 2,157,497 | |
Common Stock 44 | $ 50,000 | |
Common Stock 45 | 0.0324 | |
Common Stock 46 | $ 8,000,000 | |
Common Stock 47 | 20.00% | |
Common Stock 48 | shares | 244,500,000 | |
Common Stock 49 | shares | 244,500,000 | |
Common Stock 50 | d | 21 | |
Common Stock 51 | shares | 34,214,226 | |
Common Stock 52 | $ 456,924 | |
Common Stock 53 | $ 55,673 | |
Common Stock 54 | shares | 1,225,000 | |
Common Stock 55 | $ 30,163 | |
Common Stock 56 | shares | 1,000,000 | |
Common Stock 57 | $ 3,730,174 | |
Common Stock 58 | 1,592,769 | |
Common Stock 59 | $ 17,500 | |
Common Stock 60 | shares | 500,000 | |
Common Stock 61 | $ 0.028 | |
Common Stock 62 | 6,440 | |
Common Stock 63 | $ 8,000,000 | |
Common Stock 64 | 150.00% | |
Common Stock 65 | $ 100,000 | |
Common Stock 66 | 5,000 | |
Common Stock 67 | $ 321,680 | |
Common Stock 68 | shares | 33,821,422 | |
Common Stock 69 | $ 0.006 | |
Common Stock 70 | 0.012 | |
Common Stock 71 | $ 102,500 | |
Common Stock 72 | shares | 11,792,944 | |
Common Stock 73 | $ 0.006 | |
Common Stock 74 | $ 0.011 | |
Common Stock 75 | shares | 6,424,979 | |
Common Stock 76 | $ 73,000 | |
Common Stock 77 | 0.015 | |
Common Stock 78 | $ 0.021 | |
Common Stock 79 | 863,500 | |
Common Stock 80 | $ / shares | $ 0.316 | |
Common Stock 81 | 863,500 | |
Common Stock 82 | 85,421,374 | |
Common Stock 83 | $ / shares | $ 0.042 | |
Common Stock 84 | 84,010,886 | |
Common Stock 85 | $ 0.042 | |
Common Stock 86 | $ 11,232 | |
Stockholders Deficit 1 | 1,250,000,000 | |
Stockholders Deficit 2 | 6,250,000,000 | |
Stockholders Deficit 3 | shares | 34,214,226 | |
Stockholders Deficit 4 | $ 456,923 | |
Stockholders Deficit 5 | 55,673 | |
Stockholders Deficit 6 | $ 105,733 | |
Stockholders Deficit 7 | shares | 30,800,000 | |
Stockholders Deficit 8 | $ 0.00194 | |
Stockholders Deficit 9 | 0.00574 | |
Stockholders Deficit 10 | $ 125,001 | |
Stockholders Deficit 11 | shares | 29,248,823 | |
Stockholders Deficit 12 | 0.00274 | |
Stockholders Deficit 13 | $ 0.00609 | |
Stockholders Deficit 14 | $ 160,834 | |
Stockholders Deficit 15 | shares | 56,676,739 | |
Stockholders Deficit 16 | $ 0.00193 | |
Stockholders Deficit 17 | 0.00416 | |
Stockholders Deficit 18 | $ 57,000 | |
Stockholders Deficit 19 | shares | 26,000,000 | |
Stockholders Deficit 20 | $ 0.00192 | |
Stockholders Deficit 21 | $ 0.00216 | |
Stockholders Deficit 22 | shares | 2,941,176 | |
Stockholders Deficit 23 | $ 10,000 | |
Stockholders Deficit 24 | 0.0048 | |
Stockholders Deficit 25 | $ 38,784 | |
Stockholders Deficit 26 | shares | 31,715,187 | |
Stockholders Deficit 27 | $ 0.00112 | |
Stockholders Deficit 28 | 0.00135 | |
Stockholders Deficit 29 | $ 28,046 | |
Stockholders Deficit 30 | shares | 18,995,113 | |
Stockholders Deficit 31 | 0.00147 | |
Stockholders Deficit 32 | $ 0.00148 | |
Stockholders Deficit 33 | $ 53,901 | |
Stockholders Deficit 34 | shares | 48,878,264 | |
Stockholders Deficit 35 | $ 0.00101 | |
Stockholders Deficit 36 | 0.00127 | |
Stockholders Deficit 37 | $ 69,357 | |
Stockholders Deficit 38 | shares | 61,028,598 | |
Stockholders Deficit 39 | $ 0.00104 | |
Stockholders Deficit 40 | $ 0.00121 | |
Stockholders Deficit 41 | shares | 1,846,154 | |
Stockholders Deficit 42 | $ 3,000 | |
Stockholders Deficit 43 | $ 0.002275 | |
Stockholders Deficit 44 | shares | 16,806,723 | |
Stockholders Deficit 45 | $ 30,000 | |
Stockholders Deficit 46 | $ 0.002499 | |
Stockholders Deficit 47 | shares | 2,822,912 | |
Stockholders Deficit 48 | $ 4,300 | |
Stockholders Deficit 49 | 0.002130 | |
Stockholders Deficit 50 | $ 8,000,000 | |
Stockholders Deficit 51 | 150.00% | |
Stockholders Deficit 52 | $ 100,000 | |
Stockholders Deficit 53 | $ 5,000 | |
Stockholders Deficit 54 | 863,500 | |
Stockholders Deficit 55 | $ / shares | $ 0.316 | |
Stockholders Deficit 56 | 863,500 | |
Stockholders Deficit 57 | 85,421,374 | |
Stockholders Deficit 58 | $ / shares | $ 0.042 | |
Stockholders Deficit 59 | 84,481,049 | |
Stockholders Deficit 60 | $ 0.042 | |
Stockholders Deficit 61 | $ 5,616 |
Commitments and Contingencies (
Commitments and Contingencies (Narrative) (Details) | 12 Months Ended |
Jan. 31, 2015USD ($)ayr$ / mo | |
Commitments And Contingencies 1 | $ 400 |
Commitments And Contingencies 2 | 100 |
Commitments And Contingencies 3 | 3,600 |
Commitments And Contingencies 4 | 70 |
Commitments And Contingencies 5 | 280 |
Commitments And Contingencies 6 | 6,120 |
Commitments And Contingencies 7 | $ 6,120 |
Commitments And Contingencies 8 | 3.5 |
Commitments And Contingencies 9 | 15.00% |
Commitments And Contingencies 10 | $ 140 |
Commitments And Contingencies 11 | 60,340 |
Commitments And Contingencies 12 | 52,640 |
Commitments And Contingencies 13 | 155 |
Commitments And Contingencies 14 | 32,705 |
Commitments And Contingencies 15 | 32,705 |
Commitments And Contingencies 16 | 155 |
Commitments And Contingencies 17 | 4,030 |
Commitments And Contingencies 18 | 4,030 |
Commitments And Contingencies 19 | 155 |
Commitments And Contingencies 20 | 10,230 |
Commitments And Contingencies 21 | $ 10,230 |
Commitments And Contingencies 22 | yr | 1 |
Commitments And Contingencies 23 | yr | 5 |
Commitments And Contingencies 24 | $ 2 |
Commitments And Contingencies 25 | 1 |
Commitments And Contingencies 26 | 10 |
Commitments And Contingencies 27 | $ 20 |
Commitments And Contingencies 28 | a | 480 |
Commitments And Contingencies 29 | $ 960 |
Commitments And Contingencies 30 | $ 4,800 |
Commitments And Contingencies 31 | a | 2,366.88 |
Commitments And Contingencies 32 | $ 3,346.88 |
Commitments And Contingencies 33 | 36,937.60 |
Commitments And Contingencies 34 | 540 |
Commitments And Contingencies 35 | $ 800 |
Commitments And Contingencies 36 | 7,900 |
Commitments And Contingencies 37 | $ / mo | 3,645 |
Subsequent events (Narrative) (
Subsequent events (Narrative) (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015 | Jan. 31, 2015 | |
Subsequent Events 1 | $ 125,000 | |
Subsequent Events 2 | 29,248,823 | |
Subsequent Events 3 | $ 105,734 | |
Subsequent Events 4 | 30,800,000 | |
Subsequent Events 5 | $ 160,833 | |
Subsequent Events 6 | 56,676,739 | |
Subsequent Events 7 | $ 52,320 | |
Subsequent Events 8 | 26,000,000 | |
Subsequent Events 1 | $ 77,643 | |
Subsequent Events 2 | 77,194,959 | |
Subsequent Events 3 | 89,209,703 | |
Subsequent Events 4 | $ 108,826 | |
Subsequent Events 5 | 16,077,170 | |
Subsequent Events 6 | $ 25,000 | |
Subsequent Events 7 | $ 0.00218 | |
Subsequent Events 8 | 5,733,000 | |
Subsequent Events 9 | $ 10,320 | |
Subsequent Events 10 | $ 62,160 | |
Subsequent Events 11 | 60,642,857 | |
Subsequent Events 12 | $ 50,000 | |
Subsequent Events 13 | $ 5,500 | |
Subsequent Events 14 | 1,851,852 | |
Subsequent Events 15 | $ 3,000 |
Fair Value, Liabilities Measure
Fair Value, Liabilities Measured on Recurring Basis (Details) | 6 Months Ended |
Jul. 31, 2015USD ($) | |
Summary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 1 | $ 60,839 |
Summary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 2 | 0 |
Summary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 3 | 0 |
Summary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 4 | 60,839 |
Summary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 5 | 216,705 |
Summary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 6 | 0 |
Summary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 7 | 0 |
Summary Of Significant Accounting Policies Fair Value, Liabilities Measured On Recurring Basis 8 | $ 216,705 |
Schedule of Property, Plant and
Schedule of Property, Plant and Equipment (Details) | 12 Months Ended |
Jan. 31, 2015USD ($)yr | |
Property And Equipment Schedule Of Property, Plant And Equipment 1 | $ 3 |
Property And Equipment Schedule Of Property, Plant And Equipment 2 | yr | 7 |
Property And Equipment Schedule Of Property, Plant And Equipment 3 | $ 264,734 |
Property And Equipment Schedule Of Property, Plant And Equipment 4 | $ 260,521 |
Property And Equipment Schedule Of Property, Plant And Equipment 5 | yr | 5 |
Property And Equipment Schedule Of Property, Plant And Equipment 6 | $ 44,284 |
Property And Equipment Schedule Of Property, Plant And Equipment 7 | 50,180 |
Property And Equipment Schedule Of Property, Plant And Equipment 8 | $ 3 |
Property And Equipment Schedule Of Property, Plant And Equipment 9 | yr | 7 |
Property And Equipment Schedule Of Property, Plant And Equipment 10 | $ 81,061 |
Property And Equipment Schedule Of Property, Plant And Equipment 11 | 75,404 |
Property And Equipment Schedule Of Property, Plant And Equipment 12 | 390,079 |
Property And Equipment Schedule Of Property, Plant And Equipment 13 | 386,105 |
Property And Equipment Schedule Of Property, Plant And Equipment 14 | (357,741) |
Property And Equipment Schedule Of Property, Plant And Equipment 15 | (336,313) |
Property And Equipment Schedule Of Property, Plant And Equipment 16 | 32,338 |
Property And Equipment Schedule Of Property, Plant And Equipment 17 | $ 49,792 |
Schedule of Share-based Compens
Schedule of Share-based Compensation, Stock Options, Activity (Details) | 12 Months Ended |
Jan. 31, 2015USD ($) | |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 1 | $ 90,635,375 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 2 | 0.047 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 3 | $ 0 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 4 | $ 7,423,624 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 5 | 0.026 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 6 | $ (12,582,875) |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 7 | 0.041 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 8 | $ 0 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 9 | 0 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 10 | $ 85,476,124 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 11 | 0.047 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 12 | $ 0 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 13 | 0 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 14 | 0 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 15 | $ (54,750) |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 16 | 6.710 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 17 | $ 0 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 18 | 0 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 19 | $ 85,421,374 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 20 | 0.042 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 21 | 1.27 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 22 | $ 0 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 23 | $ 84,010,886 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 24 | 0.042 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 25 | 1.14 |
Share-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 26 | $ 0 |
Schedule of Share-based Payment
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) | 12 Months Ended |
Jan. 31, 2015yr | |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 1 | 128.00% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 2 | 0.00% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 3 | 10 |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 4 | 2.00% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 5 | 10.00% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 6 | 174.00% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 7 | 0.00% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 8 | 3 |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 9 | 0.34% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 10 | 0.00% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 11 | 173.00% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 12 | 0.00% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 13 | 3 |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 14 | 0.36% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 15 | 0.00% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 16 | 171.00% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 17 | 0.00% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 18 | 3 |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 19 | 0.41% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 20 | 0.00% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 21 | 221.00% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 22 | 0.00% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 23 | 6.25 |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 24 | 2.15% |
Share-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 25 | 20.00% |
Schedule of Share-based Compe51
Schedule of Share-based Compensation, Activity (Details) | 12 Months Ended |
Jan. 31, 2015USD ($) | |
Share-based Compensation Schedule Of Share-based Compensation, Activity 1 | $ 4,728 |
Share-based Compensation Schedule Of Share-based Compensation, Activity 2 | 2,610 |
Share-based Compensation Schedule Of Share-based Compensation, Activity 3 | 4,728 |
Share-based Compensation Schedule Of Share-based Compensation, Activity 4 | 236,509 |
Share-based Compensation Schedule Of Share-based Compensation, Activity 5 | 1,776 |
Share-based Compensation Schedule Of Share-based Compensation, Activity 6 | 1,503 |
Share-based Compensation Schedule Of Share-based Compensation, Activity 7 | 0 |
Share-based Compensation Schedule Of Share-based Compensation, Activity 8 | 0 |
Share-based Compensation Schedule Of Share-based Compensation, Activity 9 | 11,232 |
Share-based Compensation Schedule Of Share-based Compensation, Activity 10 | $ 240,622 |
Schedule of Share-based Compe52
Schedule of Share-based Compensation, Non-vested Stock Options, Activity (Details) | 12 Months Ended |
Jan. 31, 2015USD ($) | |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 1 | $ 903,500 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 2 | 0.376 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 3 | $ 0 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 4 | 0 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 5 | 0 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 6 | 0 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 7 | 0 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 8 | $ 903,500 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 9 | 0.376 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 10 | $ 0 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 11 | 0 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 12 | 0 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 13 | $ (40,000) |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 14 | 1.678 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 15 | $ 863,500 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 16 | 0.316 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 17 | 1.67 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 18 | $ 0 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 19 | $ 863,500 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 20 | 0.316 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 21 | 1.67 |
Share-based Compensation Schedule Of Share-based Compensation, Non-vested Stock Options, Activity 22 | $ 0 |
Schedule of Deferred Tax Assets
Schedule of Deferred Tax Assets and Liabilities (Details) | 12 Months Ended |
Jan. 31, 2015USD ($) | |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 1 | $ 8,853,000 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 2 | 10,243,000 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 3 | (8,853,000) |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 4 | (10,243,000) |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 5 | 0 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 6 | $ 0 |
Schedule of Stockholders' Equit
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity (Details) | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015USD ($) | Jan. 31, 2015USD ($) | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 1 | $ 94,059,629 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 2 | 0.055 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 3 | $ 25,556,792 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 4 | 0.016 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 5 | $ (46,579,478) | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 6 | 0.071 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 7 | $ (14,595,214) | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 8 | 0.051 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 9 | $ 58,441,729 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 10 | 0.026 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 11 | $ 6,924,979 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 12 | 0.017 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 13 | $ (5,800,000) | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 14 | 0.037 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 15 | $ 0 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 16 | 0 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 17 | $ 59,566,708 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 18 | 0.024 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 19 | $ 59,566,708 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 20 | 0.024 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 1 | $ 59,566,708 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 2 | 0.024 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 3 | $ 44,164,863 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 4 | 0.003 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 5 | $ (11,069,384) | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 6 | 0.040 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 7 | $ 0 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 8 | 0 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 9 | $ 92,662,187 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 10 | 0.020 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 11 | $ 92,662,187 | |
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 12 | 0.012 |
Derivative Instruments, Gain (L
Derivative Instruments, Gain (Loss) (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015 | Jan. 31, 2015 | |
Derivative Liabilities Derivative Instruments, Gain (loss) 1 | $ 46,985 | |
Derivative Liabilities Derivative Instruments, Gain (loss) 2 | 15,112 | |
Derivative Liabilities Derivative Instruments, Gain (loss) 3 | (482,697) | |
Derivative Liabilities Derivative Instruments, Gain (loss) 4 | 31,873 | |
Derivative Liabilities Derivative Instruments, Gain (loss) 5 | (256,748) | |
Derivative Liabilities Derivative Instruments, Gain (loss) 6 | 0 | |
Derivative Liabilities Derivative Instruments, Gain (loss) 7 | 909,165 | |
Derivative Liabilities Derivative Instruments, Gain (loss) 8 | 0 | |
Derivative Liabilities Derivative Instruments, Gain (loss) 9 | 216,705 | |
Derivative Liabilities Derivative Instruments, Gain (loss) 10 | 46,985 | |
Derivative Liabilities Derivative Instruments, Gain (loss) 11 | (482,697) | |
Derivative Liabilities Derivative Instruments, Gain (loss) 12 | $ 31,873 | |
Derivative Liabilities Derivative Instruments, Gain (loss) 1 | $ 216,705 | |
Derivative Liabilities Derivative Instruments, Gain (loss) 2 | 46,985 | |
Derivative Liabilities Derivative Instruments, Gain (loss) 3 | (83,999) | |
Derivative Liabilities Derivative Instruments, Gain (loss) 4 | (262,912) | |
Derivative Liabilities Derivative Instruments, Gain (loss) 5 | (656,034) | |
Derivative Liabilities Derivative Instruments, Gain (loss) 6 | (146,524) | |
Derivative Liabilities Derivative Instruments, Gain (loss) 7 | 584,167 | |
Derivative Liabilities Derivative Instruments, Gain (loss) 8 | 852,023 | |
Derivative Liabilities Derivative Instruments, Gain (loss) 9 | 60,839 | |
Derivative Liabilities Derivative Instruments, Gain (loss) 10 | 489,572 | |
Derivative Liabilities Derivative Instruments, Gain (loss) 11 | (83,999) | |
Derivative Liabilities Derivative Instruments, Gain (loss) 12 | $ (262,912) |
Schedule of Share-based Payme56
Schedule of Share-based Payment Award, Warrants, Valuation Assumptions (Details) | 12 Months Ended |
Jan. 31, 2015 | |
Derivative Liabilities Schedule Of Share-based Payment Award, Warrants, Valuation Assumptions 1 | 209.37% |
Derivative Liabilities Schedule Of Share-based Payment Award, Warrants, Valuation Assumptions 2 | 0.00% |
Derivative Liabilities Schedule Of Share-based Payment Award, Warrants, Valuation Assumptions 3 | 2.5 |
Derivative Liabilities Schedule Of Share-based Payment Award, Warrants, Valuation Assumptions 4 | 0.69% |
Schedule of Convertible Debt (D
Schedule of Convertible Debt (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jul. 31, 2015 | Jan. 31, 2015 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 1 | 10.00% | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 2 | $ 0 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 3 | $ 3,730,174 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 4 | 12.00% | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 5 | $ 51,279 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 6 | 93,240 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 7 | 144,519 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 8 | 247,500 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 9 | 147,500 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 10 | $ 250,000 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 11 | 12.00% | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 12 | $ 157,791 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 13 | $ 0 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 14 | 10.00% | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 15 | $ 108,136 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 16 | $ 0 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 17 | 10.00% | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 18 | $ 106,697 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 19 | 0 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 20 | 664,643 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 21 | 4,227,674 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 22 | (41,928) | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 23 | (34,584) | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 24 | (516,018) | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 25 | (4,193,090) | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 26 | 106,697 | |
Long-term Debt And Convertible Promissory Notes Convertible Debt 27 | $ 0 | |
Convertible Promissory Notes Schedule Of Convertible Debt 1 | 12.00% | |
Convertible Promissory Notes Schedule Of Convertible Debt 2 | $ 38,784 | |
Convertible Promissory Notes Schedule Of Convertible Debt 3 | 55,500 | |
Convertible Promissory Notes Schedule Of Convertible Debt 4 | 62,161 | |
Convertible Promissory Notes Schedule Of Convertible Debt 5 | 144,519 | |
Convertible Promissory Notes Schedule Of Convertible Debt 6 | 0 | |
Convertible Promissory Notes Schedule Of Convertible Debt 7 | $ 147,500 | |
Convertible Promissory Notes Schedule Of Convertible Debt 8 | 12.00% | |
Convertible Promissory Notes Schedule Of Convertible Debt 9 | $ 0 | |
Convertible Promissory Notes Schedule Of Convertible Debt 10 | $ 157,792 | |
Convertible Promissory Notes Schedule Of Convertible Debt 11 | 10.00% | |
Convertible Promissory Notes Schedule Of Convertible Debt 12 | $ 0 | |
Convertible Promissory Notes Schedule Of Convertible Debt 13 | $ 108,136 | |
Convertible Promissory Notes Schedule Of Convertible Debt 14 | 10.00% | |
Convertible Promissory Notes Schedule Of Convertible Debt 15 | $ 149,911 | |
Convertible Promissory Notes Schedule Of Convertible Debt 16 | 106,697 | |
Convertible Promissory Notes Schedule Of Convertible Debt 17 | 212,072 | |
Convertible Promissory Notes Schedule Of Convertible Debt 18 | 664,644 | |
Convertible Promissory Notes Schedule Of Convertible Debt 19 | (36,891) | |
Convertible Promissory Notes Schedule Of Convertible Debt 20 | (41,928) | |
Convertible Promissory Notes Schedule Of Convertible Debt 21 | (25,270) | |
Convertible Promissory Notes Schedule Of Convertible Debt 22 | (516,019) | |
Convertible Promissory Notes Schedule Of Convertible Debt 23 | 149,911 | |
Convertible Promissory Notes Schedule Of Convertible Debt 24 | $ 106,697 |
Schedule of Debt (Details)
Schedule of Debt (Details) | 12 Months Ended |
Jan. 31, 2015USD ($) | |
Long-term Debt And Convertible Promissory Notes Schedule Of Debt 1 | $ 6,149 |
Long-term Debt And Convertible Promissory Notes Schedule Of Debt 2 | 561 |
Long-term Debt And Convertible Promissory Notes Schedule Of Debt 3 | 0 |
Long-term Debt And Convertible Promissory Notes Schedule Of Debt 4 | 6,710 |
Long-term Debt And Convertible Promissory Notes Schedule Of Debt 5 | 6,149 |
Long-term Debt And Convertible Promissory Notes Schedule Of Debt 6 | $ 561 |
Fair Value, Liabilities Measu59
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis (Details) | 12 Months Ended |
Jan. 31, 2015USD ($) | |
Fair Value Of Financial Instruments Fair Value, Liabilities Measured On Recurring And Nonrecurring Basis 1 | $ 216,705 |
Fair Value Of Financial Instruments Fair Value, Liabilities Measured On Recurring And Nonrecurring Basis 2 | 0 |
Fair Value Of Financial Instruments Fair Value, Liabilities Measured On Recurring And Nonrecurring Basis 3 | 0 |
Fair Value Of Financial Instruments Fair Value, Liabilities Measured On Recurring And Nonrecurring Basis 4 | 216,705 |
Fair Value Of Financial Instruments Fair Value, Liabilities Measured On Recurring And Nonrecurring Basis 5 | 46,985 |
Fair Value Of Financial Instruments Fair Value, Liabilities Measured On Recurring And Nonrecurring Basis 6 | 0 |
Fair Value Of Financial Instruments Fair Value, Liabilities Measured On Recurring And Nonrecurring Basis 7 | 0 |
Fair Value Of Financial Instruments Fair Value, Liabilities Measured On Recurring And Nonrecurring Basis 8 | $ 46,985 |