CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) |
3 Months Ended | 6 Months Ended | 12 Months Ended | |||
|---|---|---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Net revenues | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
| Operating expenses: | ||||||
| Compensation and related taxes | 769,279 | 1,237,618 | 1,647,691 | 2,312,510 | 4,797,984 | 5,337,910 |
| Exploration cost | 1,609,982 | 230,851 | 2,862,923 | 828,130 | 1,219,608 | 3,913,699 |
| Consulting fees | 883,501 | 699,859 | 1,678,286 | 1,222,405 | 2,418,726 | 2,289,394 |
| General and administrative expenses | 977,310 | 1,116,564 | 2,080,997 | 2,242,477 | 4,287,909 | 4,091,967 |
| Total operating expenses | 4,240,072 | 3,284,892 | 8,269,897 | 6,605,522 | 12,724,227 | 15,632,970 |
| Loss from operations | (4,240,072) | (3,284,892) | (8,269,897) | (6,605,522) | (12,724,227) | (15,632,970) |
| Other income (expenses): | ||||||
| Other income | 0 | 9,673 | 0 | 9,673 | 9,673 | 0 |
| Foreign currency gain (loss) | (434) | 500 | (1,531) | (10,655) | (10,029) | 0 |
| Interest expense and other finance costs | (2,660) | (2,056) | (6,160) | (4,978) | (380,987) | (5,406) |
| Interest income | 6,808 | 3,141 | 12,640 | 4,109 | 11,069 | 2,801 |
| Total other income (expenses) - net | 3,714 | 11,258 | 4,949 | (1,851) | (370,274) | (2,605) |
| Loss before provision for income taxes | (4,236,358) | (3,273,634) | (8,264,948) | (6,607,373) | (13,094,501) | (15,635,575) |
| Provision for income taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Net loss | $ (4,236,358) | $ (3,273,634) | (8,264,948) | (6,607,373) | (13,094,501) | (15,635,575) |
| Preferred deemed dividend | (1,068,624) | (3,599,565) | ||||
| Net loss available to common stockholders | $ (8,264,948) | $ (6,607,373) | $ (14,163,125) | $ (19,235,140) | ||
| Net loss per common share, basic and diluted (in dollars per share) | $ (0.13) | $ (0.12) | $ (0.25) | $ (0.23) | $ (0.50) | $ (0.75) |
| Weighted average common shares outstanding - basic and diluted (in shares) | 33,629,260 | 28,400,084 | 33,603,861 | 28,394,151 | 28,567,344 | 25,483,353 |