Liberty Star Uranium & Metals (LBSR) 10-Q 17 Jun 22 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Apr. 30, 2022	Jun. 17, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Apr. 30, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--01-31
Entity File Number	000-50071
Entity Registrant Name	LIBERTY STAR URANIUM & METALS CORP.
Entity Central Index Key	0001172178
Entity Tax Identification Number	90-0175540
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	2 East Congress Street Ste. 900
Entity Address, City or Town	Tucson
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85701
City Area Code	520
Local Phone Number	425-1433
Title of 12(b) Security	Common
Trading Symbol	LBSR
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,778,961

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Apr. 30, 2022	Jan. 31, 2022
Current:
Cash and cash equivalents	$ 121,856	$ 102,741
Prepaid expenses	30,617	13,066
Total current assets	152,473	115,807
Property and equipment, net	26,264	27,722
Total assets	178,737	143,529
Current:
Accounts payable and accrued liabilities	265,695	486,629
Accounts payable to related parties		51,119
Accrued wages to related parties	51,762	811,711
Note payable	24,750
Notes payable to related parties		13,121
Convertible promissory note, net of unamortized debt discount of $41,882 and $20,178	260,718	181,122
Derivative liability	815,452
Total current liabilities	1,418,377	1,543,702
Long-term:
Long-term debt - SBA	32,400	64,897
Total long-term liabilities	32,400	64,897
Total liabilities	1,450,777	1,608,599
Commitments and Contingencies (Note 10)
Stockholders’ deficit:
Common stock, value	136	135
Additional paid-in capital	55,884,807	56,503,616
Accumulated deficit	(57,156,984)	(57,968,822)
Total stockholders’ deficit	(1,272,040)	(1,465,070)
Total liabilities and stockholders’ deficit	178,737	143,529
Common Class A [Member]
Stockholders’ deficit:
Common stock, value	$ 1	$ 1

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Apr. 30, 2022	Jan. 31, 2022
Convertible promissory debt discount	$ 41,882	$ 20,178
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	24,800,000	24,800,000
Common stock, shares issued	13,603,056	13,458,752
Common stock, shares outstanding	13,603,056	13,458,752
Common Class A [Member]
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	200,000	200,000
Common stock, shares issued	102,000	102,000
Common stock, shares outstanding	102,000	102,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Income Statement [Abstract]
Revenues
Expenses:
Geological and geophysical costs	676	1,759
Salaries and benefits	43,770	36,559
Professional services	28,784	40,284
General and administrative	35,985	15,490
Net operating expenses	109,215	94,092
Loss from operations	(109,215)	(94,092)
Other income (expense):
Interest expense	(40,034)	(38,184)
Gain on forgiveness of SBA loan	32,851
Gain on settlement of debt	998,284
Gain (loss) on change in fair value of derivative liability	(70,048)	50,652
Total other income (expense)	921,053	12,468
Net income (loss)	$ 811,838	$ (81,624)
Net income (loss) per share of common stock - basic	$ 0.06	$ (0.01)
Net income (loss) per share of common stock - diluted	$ 0.06	$ (0.01)
Weighted average number of shares of common stock outstanding:
Basic	13,475,455	10,041,420
Diluted	13,595,094	10,041,420

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($)	Common Stock [Member]Common Class A [Member]	Common Stock [Member]	Common Stock To Be Issued [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Jan. 31, 2021	$ 1	$ 99	$ 15,000	$ 55,503,564	$ (57,530,141)	$ (2,011,477)
Balance, shares at Jan. 31, 2021	102,000	9,902,052
Shares issued for conversion of notes		$ 1		26,999		27,000
Shares issued for conversion of notes, shares		33,881
Reclass of APIC to derivative liabilities for tainted warrants				(293,528)		(293,528)
Resolution of derivative liabilities due to debt conversions and untainted warrants				17,406		17,406
Net income(loss)					(81,624)	(81,624)
Issuance of common stock and warrants in private placement and warrant exercises		$ 1	(15,000)	122,099		107,100
Issuance of common stock and warrants in private placement and warrant exercises, shares		116,230
Balance at Apr. 30, 2021	$ 1	$ 101		55,376,540	(57,611,765)	(2,235,123)
Balance, shares at Apr. 30, 2021	102,000	10,052,163
Balance at Jan. 31, 2022	$ 1	$ 135		56,503,616	(57,968,822)	(1,465,070)
Balance, shares at Jan. 31, 2022	102,000	13,458,752
Shares issued for conversion of notes		$ 1		44,999		$ 45,000
Shares issued for conversion of notes, shares		144,304				144,304
Options issued related to settlement agreement				44,706		$ 44,706
Reclass of APIC to derivative liabilities for tainted warrants				(731,226)		(731,226)
Resolution of derivative liabilities due to debt conversions and untainted warrants				22,712		22,712
Net income(loss)					811,838	811,838
Balance at Apr. 30, 2022	$ 1	$ 136		$ 55,884,807	$ (57,156,984)	$ (1,272,040)
Balance, shares at Apr. 30, 2022	102,000	13,603,056

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Cash flows from operating activities:
Net income (loss)	$ 811,838	$ (81,624)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation	1,458	1,459
Amortization of debt discounts	34,486	23,306
(Gain) loss on change in fair value of derivative liabilities	70,048	(50,652)
Gain on forgiveness of SBA loan	(32,851)
Gain on settlement of debt	(998,284)
Changes in assets and liabilities:
Prepaid expenses	7,199	(1,363)
Accounts payable and accrued expenses	(1,779)	18,274
Accrued interest		11,167
Cash flows used in operating activities:	(107,885)	(79,433)
Cash flows from financing activities:
Proceeds from notes payable		32,497
Proceeds from convertible promissory notes	127,000	60,000
Proceeds from the issuance of common stock and warrants		105,000
Proceeds from exercise of warrants		2,100
Net cash provided by financing activities	127,000	199,597
Increase in cash and cash equivalents	19,115	120,164
Cash and cash equivalents, beginning of period	102,741	6,718
Cash and cash equivalents, end of period	121,856	126,882
Supplemental disclosure of cash flow information:
Income tax paid
Interest paid
Supplemental disclosure of non-cash items:
Resolution of derivative liabilities due to debt conversions and untainted warrants	22,712	17,406
Reclass of APIC to derivative liabilities for tainted warrants	731,226	293,528
Debt discounts due to derivative liabilities	36,890	64,823
Common stock issued for conversion of debt and interest	45,000	27,000
Expenses paid by related party on behalf of the Company		22,376
Prepaid insurance financed with note payable	$ 24,750

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	NOTE 1 – Basis of Presentation The consolidated financial statements included herein have been prepared by Liberty Star Uranium & Metals Corp. (the “Company”, “we”, “our”) 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, 2022 as filed with the SEC under the Securities and Exchange Act of 1934 (the “Exchange Act”) on May 17, 2022. 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 omitted, as permitted by the SEC, although we believe the disclosures which are made are adequate to make the information presented not misleading. The consolidated financial statements reflect, in the opinion of management, all normal recurring adjustments necessary to present fairly our financial position at April 30, 2022 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 months ended April 30, 2022 are not necessarily indicative of the results to be expected for the full year.

Going concern

Going concern	3 Months Ended
	Apr. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going concern	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 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	3 Months Ended
	Apr. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	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. Schedule of Fair Value of Financial Instruments Fair value measurements at reporting date using: Description Fair Value Quoted prices in Significant Significant Warrant and convertible note derivative liability at April 30, 2022 $ 815,452 - - $ 815,452 Warrant and convertible note derivative liability at January 31, 2022 $ - - - $ - Our financial instruments consist of cash and cash equivalents, prepaid expenses, accounts payable, accrued liabilities, notes payable, convertible 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 derivative liability are reported in other income (expense) as gain (loss) on change in fair value of derivative liability. Income Taxes Income taxes are recorded using the asset and liability method. Under the asset and liability method, tax assets and liabilities are recognized for the tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Future tax assets and liabilities are measured using the enacted tax rates expected to apply when the asset is realized or the liability settled. The effect on future tax assets and liabilities of a change in tax rates is recognized in income in the period that enactment occurs. To the extent that the Company does not consider it more likely than not that a future tax asset will be recovered, it provides a valuation allowance against the excess. Interest and penalties associated with unrecognized tax benefits, if any, are classified as additional income taxes in the statement of operations. The current period net income will be offset against the prior periods net operating losses which were approximately $ 32 Reclassification Certain reclassifications may have been made to our prior year’s financial statements to conform to our current year presentation. These reclassifications had no effect on our previously reported results of operations or accumulated deficit.

Related party transactions

Related party transactions	3 Months Ended
	Apr. 30, 2022
Related Party Transactions [Abstract]
Related party transactions	NOTE 4 – Related party transactions Our CEO, Brett Gross, was elected as President and Chief Executive Officer on December 7, 2018 and received no compensation for these services during the three months ended April 30, 2022 and 2021. Accrued Wages As of April 30, 2022 and January 31, 2022, we had a balance of accrued unpaid wages of $ 15,625 36,137 Other On April 22, 2022, the Company reached terms of settlement of the litigation Case No. C20194139, involving our former CEO, James Briscoe, previously filed in the Superior Court of Arizona. Effective April 22, 2022, the Company’s board of directors voted on, accepted and the settlement is now hereby approved, ratified, and confirmed (See Note 10).

Stock options

Stock options	3 Months Ended
	Apr. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock options	NOTE 5 – Stock options Qualified and Non-qualified incentive stock options outstanding at April 30, 2022 are as follows: Schedule of Stock Option Activity Number of options Weighted average exercise price per share Outstanding, January 31, 2022 145,250 $ 2.965 Granted 118,760 16.97 Expired - - Exercised - - Outstanding, April 30, 2022 264,010 $ 9.27 Exercisable, April 30, 2022 264,010 $ 9.27 These options had a weighted average remaining life of 17.02 0 On April 22, 2022, the Company reached terms of settlement of the litigation Case No. C20194139, involving our former CEO, James Briscoe (see Note 14). As part of the terms of settlement, the Company will reinstate Mr. Briscoe’s stock options that expired following his resignation from the Board. This reinstatement will be on the same terms as originally issued, as evidenced in the August 10, 2010, Stock Option Agreement and October 11, 2016, Stock Option Agreement, each as adjusted for the February 25, 2021, reverse stock split, and pursuant to the Company’s 2010 Stock Option Plan, except for the option exercise window, which will be expanded to 30 years. A total of 118,760 105,000 19.00 13,760 1.50 44,706

Warrants

Warrants	3 Months Ended
	Apr. 30, 2022
Warrants
Warrants	NOTE 6 – Warrants As of April 30, 2022, there were 2,164,167 3.11 1.12 51,548 Stock warrants outstanding at April 30, 2022 are as follows: Schedule of Stock Warrants Outstanding Number of warrants Weighted average exercise price per share Outstanding, January 31, 2022 2,164,167 $ 2.16 Issued - - Expired - - Exercised - - Outstanding, April 30, 2022 2,164,167 $ 1.12 Exercisable, April 30, 2022 1,656,685 $ 0.86 As of May 18, 2022, the Company extended all warrants issued by the Company which expired or will expire during the year 2022. These warrants are extended for an additional three years. All other terms of the warrants remain unchanged, fully considering the reverse split effective on February 25, 2021

Derivative Liabilities

Derivative Liabilities	3 Months Ended
	Apr. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Liabilities	NOTE 7 – Derivative Liabilities The embedded conversion feature in the convertible debt instruments that the Company issued (See Note 8), that became convertible during the three months ended April 30, 2022, 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. These convertible notes 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 note when it became convertible and upon settlement, and warrants upon tainting, were as follows: ● The stock projections are based on the historical volatilities for each date. These volatilities were in the 75.4 187.4 ● 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 Using the results from the model, the Company recorded a derivative liability during the three months ended April 30, 2022 of $ 731,226 36,890 0 36,890 24,389 12,501 During the three months ended April 30, 2022, the Company recorded a reclassification from derivative liability to equity of $ 0 22,712 70,048 During the three months ended April 30,2021, the Company recorded a reclassification from derivative liability to equity of $ 0 17,406 50,652 The following table sets forth a reconciliation of changes in the fair value of the Company’s derivative liability: Schedule of Changes in Fair Value of Derivative Liabilities Three months ended April 30, 2022 2021 Beginning balance $ - $ - Total (gain) loss 70,048 (50,652 ) Settlements (22,712 ) (17,406 ) Additions recognized as debt discount 36,890 64,823 Additions due to tainted warrants 731,226 293,528 Ending balance $ 815,452 $ 290,293 Change in unrealized (gain) loss included in earnings relating to derivatives $ 70,048 $ (50,652 )

Long-term debt and convertible

Long-term debt and convertible promissory notes	3 Months Ended
	Apr. 30, 2022
Debt Disclosure [Abstract]
Long-term debt and convertible promissory notes	NOTE 8 – Long-term debt and convertible promissory notes Following is a summary of convertible promissory notes: Summary of Convertible Promissory Notes April 30, 2022 January 31, 2022 8 October 2021 October 2022 $ 24,300 $ 69,300 8 November 2021 November 2022 69,000 69,000 8 December 2021 December 2022 63,000 63,000 8 February 2022 February 2023 74,800 - 8 April 2022 April 2023 71,500 - Convertible note payable 302,600 201,300 Less debt discount (41,882 ) (20,178 ) Less current portion of convertible notes (260,718 ) (181,122 ) Long-term convertible notes payable $ - $ - On February 7, 2022, the Company entered into a convertible promissory note with Sixth Street in the aggregate principal amount of $ 74,800 8 9,800 February 7, 2023 180 75 10 On April 25, 2022, the Company entered into a convertible promissory note with Sixth Street in the aggregate principal amount of $ 71,500 8 8,000 April 25,2023 180 75 10 During the three months ended April 30, 2022 and 2021, the Company recorded debt discounts of $ 36,890 and $ 64,823 , respectively, due to the derivative liabilities, and original issue debt discounts of $ 19,300 and $ 3,000 , respectively, due to the convertible notes. The Company recorded amortization of these discounts of $ 34,486 and $ 23,306 for the three months ended April 30, 2022 and 2021, respectively. Notes Payable On June 22, 2020, the Company received loan proceeds of $ 32,300 100 3.75 30 monthly installments 158 On February 16, 2021, the Company received loan proceeds of $ 32,497 1 5 32,497 354 In April 2022, the Company entered into a Premium Finance Agreement related to an insurance policy. The policy premiums total $ 33,400 one year policy period 24,750 2,871 10.45 As of April 30, 2022, the notes payable, net balance was $ 57,150 , which include long term notes payable of $ 32,400 and current portion of notes payable of $ 24,750 , with accrued interest of $ 2,274 . As of January 31, 2022, the notes payable, net balance was $ 64,897 , which include term long notes payable of $ 64,897 and current portion of notes payable of $ 0 , with accrued interest of $ 2,287 .

Stockholders_ deficit

Stockholders’ deficit	3 Months Ended
	Apr. 30, 2022
Equity [Abstract]
Stockholders’ deficit	NOTE 9 – Stockholders’ deficit Common Stock Our undesignated 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. During the three months ended April 30, 2022, the Company issued a total of 144,304 45,000 0.3051 0.3207

Commitments and contingencies

Commitments and contingencies	3 Months Ended
	Apr. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	NOTE 10 – Commitments and contingencies We currently rent a storage space for $ 45 We are required to pay annual rentals for Liberty Star’s 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 $ 165 The rentals due by September 1, 2022 15,345 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 cost $500 per permit per year in non-refundable filing fees and are valid for 1 year and renewable for up to 5 years 2.00 1.00 10 20 15,793.24 29,355 Legal Matter On August 22, 2019 (and amended on December 23, 2019), the Company filed a complaint with the Superior Court of Arizona (Case No. C20194139), demanding the titles and possession of certain vehicles and equipment of the Company from our former CEO, as well as seeking recovery of damages from the former CEO in an amount of not less than $ 50,000 On February 18, 2020, our former CEO and his spouse (the “Counterclaimants”) filed a First Amended Answer: First Amended Complaint and Counterclaim with the Superior Court of Arizona seeking dismissal of the Company’s complaint and reimbursement of Counterclaimants’ On April 22, 2022, the Company reached terms of settlement of the litigation Case No. C20194139, involving our former CEO, James Briscoe, previously filed in the Superior Court of Arizona. Effective April 22, 2022, the Company’s board of directors voted on, accepted and the settlement is now hereby approved, ratified, and confirmed. A summary of the terms of that settlement is as follows: ● Mr. Briscoe drops his demand for “accrued wages” (see Note 4). ● Mr. Briscoe drops his claim for payment of his credit card debt (see Note 4). These balances were included in accounts payable and accrued liabilities on the consolidated balance sheet in prior period. ● Mr. Briscoe drops all other claims and waives and releases all claims, known or unknown. ● Mr. Briscoe will return title and possession of all the vehicles that he previously transferred to his name. Mr. Briscoe will also return to the Company all Company property identified in our First Amended Complaint. ● The Company will reinstate Mr. Briscoe’s stock options that expired following his resignation from the Board. This reinstatement will be on the same terms as originally issued, as evidenced in the August 10, 2010, Stock Option Agreement and October 11, 2016, Stock Option Agreement, each as adjusted for the February 25, 2021, reverse stock split, and pursuant to the Company’s 2010 Stock Option Plan, except for the option exercise window, which will be expanded to 30 years (see Note 5). ● The Company will pay Mr. Briscoe a sum of $ 29,627 ● Both parties will agree to a non-disparagement clause that expressly establishes prior consent to the Pima County Court’s jurisdiction for issuance of mandatory injunctive relief if an aggrieved Party reasonably believes this clause has been violated by the other Party whether such violation is done directly by the violating Party or via proxy. In connection with the settlement, we wrote off $ 1,072,667 29,677 44,706 998,284

Subsequent events

Subsequent events	3 Months Ended
	Apr. 30, 2022
Subsequent Events [Abstract]
Subsequent events	NOTE 11 – Subsequent events Shares Issued for Conversion of Notes On May 23, 2022, the Company issued a total of 98,386 24,300 2,520 0.2726 On May 31, 2022, the Company issued a total of 77,519 20,000 0.2580 On June 9, 2022, the Company issued a total of 80,518 20,500 0.2546

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 30, 2022
Accounting Policies [Abstract]
Fair Value	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. Schedule of Fair Value of Financial Instruments Fair value measurements at reporting date using: Description Fair Value Quoted prices in Significant Significant Warrant and convertible note derivative liability at April 30, 2022 $ 815,452 - - $ 815,452 Warrant and convertible note derivative liability at January 31, 2022 $ - - - $ - Our financial instruments consist of cash and cash equivalents, prepaid expenses, accounts payable, accrued liabilities, notes payable, convertible 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 derivative liability are reported in other income (expense) as gain (loss) on change in fair value of derivative liability.
Income Taxes	Income Taxes Income taxes are recorded using the asset and liability method. Under the asset and liability method, tax assets and liabilities are recognized for the tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Future tax assets and liabilities are measured using the enacted tax rates expected to apply when the asset is realized or the liability settled. The effect on future tax assets and liabilities of a change in tax rates is recognized in income in the period that enactment occurs. To the extent that the Company does not consider it more likely than not that a future tax asset will be recovered, it provides a valuation allowance against the excess. Interest and penalties associated with unrecognized tax benefits, if any, are classified as additional income taxes in the statement of operations. The current period net income will be offset against the prior periods net operating losses which were approximately $ 32
Reclassification	Reclassification Certain reclassifications may have been made to our prior year’s financial statements to conform to our current year presentation. These reclassifications had no effect on our previously reported results of operations or accumulated deficit.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Apr. 30, 2022
Accounting Policies [Abstract]
Schedule of Fair Value of Financial Instruments	Schedule of Fair Value of Financial Instruments Fair value measurements at reporting date using: Description Fair Value Quoted prices in Significant Significant Warrant and convertible note derivative liability at April 30, 2022 $ 815,452 - - $ 815,452 Warrant and convertible note derivative liability at January 31, 2022 $ - - - $ -

Stock options (Tables)

Stock options (Tables)	3 Months Ended
	Apr. 30, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	Qualified and Non-qualified incentive stock options outstanding at April 30, 2022 are as follows: Schedule of Stock Option Activity Number of options Weighted average exercise price per share Outstanding, January 31, 2022 145,250 $ 2.965 Granted 118,760 16.97 Expired - - Exercised - - Outstanding, April 30, 2022 264,010 $ 9.27 Exercisable, April 30, 2022 264,010 $ 9.27

Warrants (Tables)

Warrants (Tables)	3 Months Ended
	Apr. 30, 2022
Warrants
Schedule of Stock Warrants Outstanding	Stock warrants outstanding at April 30, 2022 are as follows: Schedule of Stock Warrants Outstanding Number of warrants Weighted average exercise price per share Outstanding, January 31, 2022 2,164,167 $ 2.16 Issued - - Expired - - Exercised - - Outstanding, April 30, 2022 2,164,167 $ 1.12 Exercisable, April 30, 2022 1,656,685 $ 0.86

Derivative Liabilities (Tables)

Derivative Liabilities (Tables)	3 Months Ended
	Apr. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Changes in Fair Value of Derivative Liabilities	The following table sets forth a reconciliation of changes in the fair value of the Company’s derivative liability: Schedule of Changes in Fair Value of Derivative Liabilities Three months ended April 30, 2022 2021 Beginning balance $ - $ - Total (gain) loss 70,048 (50,652 ) Settlements (22,712 ) (17,406 ) Additions recognized as debt discount 36,890 64,823 Additions due to tainted warrants 731,226 293,528 Ending balance $ 815,452 $ 290,293 Change in unrealized (gain) loss included in earnings relating to derivatives $ 70,048 $ (50,652 )

Long-term debt and convertibl_2

Long-term debt and convertible promissory notes (Tables)	3 Months Ended
	Apr. 30, 2022
Debt Disclosure [Abstract]
Summary of Convertible Promissory Notes	Following is a summary of convertible promissory notes: Summary of Convertible Promissory Notes April 30, 2022 January 31, 2022 8 October 2021 October 2022 $ 24,300 $ 69,300 8 November 2021 November 2022 69,000 69,000 8 December 2021 December 2022 63,000 63,000 8 February 2022 February 2023 74,800 - 8 April 2022 April 2023 71,500 - Convertible note payable 302,600 201,300 Less debt discount (41,882 ) (20,178 ) Less current portion of convertible notes (260,718 ) (181,122 ) Long-term convertible notes payable $ - $ -

Schedule of Fair Value of Finan

Schedule of Fair Value of Financial Instruments (Details) - USD ($)	Apr. 30, 2022	Jan. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Warrant and convertible note derivative liability	$ 815,452
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Warrant and convertible note derivative liability
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Warrant and convertible note derivative liability
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Warrant and convertible note derivative liability	$ 815,452

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Jan. 31, 2022
Accounting Policies [Abstract]
Net operating loss	$ (109,215)	$ (94,092)	$ 32,000,000

Related party transactions (Det

Related party transactions (Details Narrative) - USD ($)	Apr. 30, 2022	Jan. 31, 2022
Related Party Transaction [Line Items]
Employee-related liabilities, current	$ 51,762	$ 811,711
Former President [Member]
Related Party Transaction [Line Items]
Employee-related liabilities, current	15,625	15,625
Patricia Madaris, CFO [Member]
Related Party Transaction [Line Items]
Employee-related liabilities, current	$ 36,137	$ 36,137

Schedule of Stock Option Activi

Schedule of Stock Option Activity (Details)	3 Months Ended
	Apr. 30, 2022$ / sharesshares
Share-Based Payment Arrangement [Abstract]
Number of options, outstanding | shares	145,250
Weighted average exercise price per share, outstanding | $ / shares	$ 2.965
Number of options, granted | shares	118,760
Weighted average exercise price per share, granted | $ / shares	$ 16.97
Number of options, expired | shares
Weighted average exercise price per share, expired | $ / shares
Number of options, exercised | shares
Weighted average exercise price per share, exercised | $ / shares
Number of options, outstanding | shares	264,010
Weighted average exercise price per share, outstanding | $ / shares	$ 9.27
Number of options, exercisable | shares	264,010
Weighted average exercise price per share, exercisable | $ / shares	$ 9.27

Stock options (Details Narrativ

Stock options (Details Narrative) - $ / shares	Apr. 30, 2022	Apr. 22, 2022	Apr. 30, 2022
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Weighted average remaining life, terms	17 years 7 days
Weighted average, intrinsic value	$ 0
Options exercise price			$ 16.97
Mr. Briscoe [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Stock options, granted		118,760
Mr. Briscoe [Member] | Exercise Price $19.00 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Stock options, granted		105,000
Options exercise price		$ 19
Mr. Briscoe [Member] | Exercise Price $1.50 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Stock options, granted		13,760
Options exercise price		$ 1.50
Option, grants		$ 44,706

Schedule of Stock Warrants Outs

Schedule of Stock Warrants Outstanding (Details) - Warrant [Member]	3 Months Ended
	Apr. 30, 2022$ / sharesshares
Number of warrants, Outstanding | shares	2,164,167
Weighted average exercise price, Outstanding | $ / shares	$ 2.16
Number of warrants, Issued | shares
Weighted average exercise price, Issued | $ / shares
Number of warrants, Expired | shares
Weighted average exercise price, Expired | $ / shares
Number of warrants, Exercised | shares
Weighted average exercise price, Exercised | $ / shares
Number of warrants, Outstanding | shares	2,164,167
Weighted average exercise price, Outstanding | $ / shares	$ 1.12
Number of warrants, Exercisable | shares	1,656,685
Weighted average exercise price, Exercisable | $ / shares	$ 0.86

Warrants (Details Narrative)

Warrants (Details Narrative) - USD ($)	May 18, 2022	Apr. 30, 2022
Subsequent Event [Line Items]
Share purchase warrants exercisable		2,164,167
Warrants weighted average remaining life		3 years 1 month 9 days
Weighted average exercise price of warrant		$ 1.12
Weighted average intrinsic value for warrants outstanding		$ 51,548
Subsequent Event [Member]
Subsequent Event [Line Items]
Warrants expiration extend, description	the Company extended all warrants issued by the Company which expired or will expire during the year 2022. These warrants are extended for an additional three years. All other terms of the warrants remain unchanged, fully considering the reverse split effective on February 25, 2021

Schedule of Changes in Fair Val

Schedule of Changes in Fair Value of Derivative Liabilities (Details) - USD ($)	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Beginning balance
Total (gain) loss	70,048	(50,652)
Settlements	(22,712)	(17,406)
Additions recognized as debt discount	36,890	64,823
Additions due to tainted warrants	731,226	293,528
Ending balance	815,452	290,293
Change in unrealized (gain) loss included in earnings relating to derivatives	$ 70,048	$ (50,652)

Derivative Liabilities (Details

Derivative Liabilities (Details Narrative)	3 Months Ended
	Apr. 30, 2022USD ($)	Apr. 30, 2021USD ($)	Jan. 31, 2022USD ($)
Derivative [Line Items]
Derivative liabilities	$ 815,452
Gain (loss) on derivative liability	19,300	$ 3,000
Gain (loss) on derivative liability	$ (70,048)	50,652
Derivative Liability [Member]
Derivative [Line Items]
Conversion note, description	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
Percentage of exercise price for warrant, description	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
Derivative loss	$ 0
Amortization of debt discount	36,890
Interest expense	24,389
Gain (loss) on derivative liability	12,501
Reclassification of derivative liability to equity	0	0
Reclassification due to conversion of convertible notes	22,712	17,406
Gain (loss) on derivative liability	70,048	$ 50,652
Derivative Liability [Member] | Convertible Debt [Member]
Derivative [Line Items]
Derivative liabilities	36,890
Derivative Liability [Member] | Warrant [Member]
Derivative [Line Items]
Derivative liabilities	$ 731,226
Minimum [Member] | Measurement Input, Price Volatility [Member]
Derivative [Line Items]
Fair value assumptions, measurement input, percentages	0.754
Maximum [Member] | Measurement Input, Price Volatility [Member]
Derivative [Line Items]
Fair value assumptions, measurement input, percentages	1.874

Summary of Convertible Promisso

Summary of Convertible Promissory Notes (Details) - USD ($)	Apr. 30, 2022	Jan. 31, 2022
Debt Instrument [Line Items]
Convertible note payable	$ 302,600	$ 201,300
Less debt discount	(41,882)	(20,178)
Less current portion of convertible notes	(260,718)	(181,122)
Long-term convertible notes payable
Convertible Debt One [Member]
Debt Instrument [Line Items]
Convertible note payable	24,300	69,300
Convertible Debt Two [Member]
Debt Instrument [Line Items]
Convertible note payable	69,000	69,000
Convertible Debt Three [Member]
Debt Instrument [Line Items]
Convertible note payable	63,000	63,000
Convertible Debt Four [Member]
Debt Instrument [Line Items]
Convertible note payable	74,800
Convertible Debt Five [Member]
Debt Instrument [Line Items]
Convertible note payable	$ 71,500

Summary of Convertible Promis_2

Summary of Convertible Promissory Notes (Details) (Parenthetical)	3 Months Ended
	Apr. 30, 2022
Convertible Debt One [Member]
Debt Instrument [Line Items]
Convertible notes payable, interest rate	8.00%
Debt issuance date	2021-10
Debt maturity date	2022-10
Convertible Debt Two [Member]
Debt Instrument [Line Items]
Convertible notes payable, interest rate	8.00%
Debt issuance date	2021-11
Debt maturity date	2022-11
Convertible Debt Three [Member]
Debt Instrument [Line Items]
Convertible notes payable, interest rate	8.00%
Debt issuance date	2021-12
Debt maturity date	2022-12
Convertible Debt Four [Member]
Debt Instrument [Line Items]
Convertible notes payable, interest rate	8.00%
Debt issuance date	2022-02
Debt maturity date	2023-02
Convertible Debt Five [Member]
Debt Instrument [Line Items]
Convertible notes payable, interest rate	8.00%
Debt issuance date	2022-04
Debt maturity date	2023-04

Long-term debt and convertibl_3

Long-term debt and convertible promissory notes (Details Narrative)	Apr. 25, 2022USD ($)Integer	Feb. 07, 2022USD ($)Integer	Feb. 16, 2021USD ($)	Jun. 22, 2020USD ($)	Apr. 30, 2022USD ($)	Jan. 31, 2022USD ($)	Apr. 30, 2022USD ($)	Apr. 30, 2021USD ($)
Short-Term Debt [Line Items]
Original Issue Discount					$ 19,300		$ 19,300	$ 3,000
Debt Instrument, Unamortized Discount, Noncurrent					41,882	$ 20,178	41,882
Amortization of Debt Discount (Premium)							34,486	23,306
Gain on forgiveness of SBA loan							32,851
Notes Payable					57,150	64,897	57,150
Notes Payable, Noncurrent					32,400	64,897	32,400
Notes payables, current					24,750		$ 24,750
Accrued interest					$ 2,274	$ 2,287
SBA's Economic Injury Disaster Loan Program [Member]
Short-Term Debt [Line Items]
Proceeds from Loan Originations				$ 32,300
Debt Instrument, Fee Amount				$ 100
Line of Credit Facility, Interest Rate During Period				3.75%
Debt Instrument, Term				30 years
Debt Instrument, Frequency of Periodic Payment				monthly installments
Debt Instrument, Periodic Payment				$ 158
PPP Loan [Member]
Short-Term Debt [Line Items]
Proceeds from Loan Originations			$ 32,497
Line of Credit Facility, Interest Rate During Period			1.00%
Debt Instrument, Term			5 years
Gain on forgiveness of SBA loan			$ 32,497
Interest and Debt Expense			$ 354
Premium Finance Agreement [Member]
Short-Term Debt [Line Items]
Debt instrument, interest rate					10.45%		10.45%
Debt Instrument, Periodic Payment					$ 2,871
Insurance policy premiums					$ 33,400
Insurance policy premiums description					one year policy period
Insurance financed					$ 24,750
Convertiable Promissory Note [Member]
Short-Term Debt [Line Items]
Debt instrument, face value	$ 71,500	$ 74,800
Debt instrument, interest rate	8.00%	8.00%
Original Issue Discount	$ 8,000	$ 9,800
Debt Instrument, Maturity Date	Apr. 25, 2023	Feb. 7, 2023
Debt Instrument, Convertible, Threshold Consecutive Trading Days | Integer	180	180
February 2022 Note [Member]
Short-Term Debt [Line Items]
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger		75.00%
Debt Instrument, Convertible, Threshold Trading Days | Integer		10
April 2022 Note [Member]
Short-Term Debt [Line Items]
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger	75.00%
Debt Instrument, Convertible, Threshold Trading Days | Integer	10
Convertible Debt [Member]
Short-Term Debt [Line Items]
Debt Instrument, Unamortized Discount, Noncurrent					$ 36,890		$ 36,890	$ 64,823

Stockholders_ deficit (Details

Stockholders’ deficit (Details Narrative) - USD ($)	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Company issued common stock for conversions	144,304
Stock Issued During Period, Value, Conversion of Convertible Securities	$ 45,000	$ 27,000
Minimum [Member]
Debt Instrument, Convertible, Conversion Price	$ 0.3051
Maximum [Member]
Debt Instrument, Convertible, Conversion Price	$ 0.3207

Commitments and contingencies (

Commitments and contingencies (Details Narrative)	Apr. 22, 2022USD ($)	Aug. 22, 2019USD ($)	Apr. 30, 2022USD ($)a$ / shares	Apr. 30, 2021USD ($)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Lease due date			Sep. 1, 2022
Written off liabilities			$ 1,072,667
Debt, Current			29,677
APIC, Share-Based Payment Arrangement, Option, Increase for Cost Recognition			44,706
[custom:GainOnSettlementOfDebt]			$ 998,284
Former Chief Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Loss contingency damages sought value		$ 50,000
James Briscoe [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Debt Instrument, Periodic Payment	$ 29,627
AZ MEP [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Project validity description			AZ MEP permits cost $500 per permit per year in non-refundable filing fees and are valid for 1 year and renewable for up to 5 years
AZ MEP [Member] | Phase 1 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Minimum work expenditure requirements			$ 29,355
AZ MEP [Member] | First Year [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Rental fee per acre | $ / shares			$ 2
Minimum work expenditure requirements			$ 10
AZ MEP [Member] | Three Through Five Year [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Rental fee per acre | $ / shares			$ 1
AZ MEP [Member] | Second Year [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Minimum work expenditure requirements			$ 10
AZ MEP [Member] | Third Year [Membe]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Minimum work expenditure requirements			20
AZ MEP [Member] | Fourth Year [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Minimum work expenditure requirements			20
AZ MEP [Member] | Fifth Year [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Minimum work expenditure requirements			20
Tombstone Project [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Annual rental			$ 165
Project validity description			The rentals due by September 1, 2022 for the period from September 1, 2022 through September 1, 2023 of $15,345 have not been paid yet, but we plan to pay when due
Accrued Rent			$ 15,345
Area of land | a			15,793.24
Tombstone Region of Arizona [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Payments for Rent			$ 45

Subsequent events (Details Narr

Subsequent events (Details Narrative) - USD ($)	Jun. 09, 2022	May 31, 2022	May 23, 2022	Apr. 30, 2022	Apr. 30, 2021
Subsequent Event [Line Items]
Interest Expense				$ 40,034	$ 38,184
Subsequent Event [Member]
Subsequent Event [Line Items]
Number of common stock shares issued in conversion		77,519	98,386
Number of common stock shares issued in conversion, value		$ 20,000	$ 24,300
Interest Expense			$ 2,520
Conversion exercise price per share	$ 0.2546	$ 0.2580	$ 0.2726
Conversion of common stock, shares	80,518
Conversion of common stock, value	$ 20,500