XTGRF — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2012-11-13

• Our company’s loss for the three months ended September 30, 2012 was $6,501 as compared to a net loss of $2,014,669 for the three months ended September 30, 2011, reduction in the quarterly loss of $2,008,168.

• Our company’s basic and diluted loss per share for the three months ended September 30, 2012 was $0.00 compared to a net loss of $0.05 per share for the three months ended September 30, 2011. The weighted average number of shares outstanding was 44,650,362 for the three months ended September 30, 20…

• We incurred expenses of $797,538 in the three months ended September 30, 2012 as compared to $1,827,795 in the three months ended September 30, 2011, a decrease of $1,030,257. The decrease in expenses in the three months ended September 30, 2012 can be primarily attributed to a decrease of $906,255 …

• General and administrative expenses (“G&A”) were $236,542 for the three months ended September 30, 2012, as compared to $374,280 for the three months ended September 30, 2011, included consulting fees, stock-based compensation, legal, auditor and regulatory filing fees, travel and promotional expens…

• Amortization for the three months ended September 30, 2012 was $76,205 as compared to $62,469 for the three months ended September 30, 2011, an increase of $13,736, due to equipment additions in 2011.

Text removed vs the prior filing · source: 10-Q · 2012-08-09

• Our company’s basic and diluted loss per share for the three months ended June 30, 2012 was $0.06 compared to a net loss of $0.03 per share for the three months ended June 30, 2011. The weighted average number of shares outstanding was 44,658,703 for the three months ended June 30, 2012 compared to …

• We incurred expenses of $2,351,173 in the three months ended June 30, 2012 as compared to $1,493,374 in the three months ended June 30, 2011, an increase of $857,799. The increase in expenses in the three months ended June 30, 2012 can be primarily attributed to an increase of $528,993 in exploratio…

• General and administrative expenses (“G&A”) were $623,505 for the three months ended June 30, 2012, as compared to $321,739 for the three months ended June 30, 2011, included consulting fees, stock-based compensation, legal, auditor and regulatory filing fees, travel and promotional expenses. The in…

• Amortization for the three months ended June 30, 2012 was $76,204 as compared to $49,164 for the three months ended June 30, 2011, an increase of $27,040, due to equipment additions in 2011.

• Exploration results during the quarter were primarily focused on our Kibi project including drilling of 4,444 meters and trenching of 1,352 meters, while 7,883 drill assays and 758 trenching assays were received from the lab.

Text added vs the prior filing · source: 10-Q · 2012-11-13

• Except for the foregoing, neither our company nor any of our subsidiaries was a party or of which any of our property was the subject in any material pending legal proceedings that exceeds 10% of our current assets and our subsidiaries on a consolidated basis during the quarter ended September 30, 2…

Text removed vs the prior filing · source: 10-Q · 2012-08-09

• the subcontractor in 2008. During the quarter ended March 31, 2010, we settled the lawsuit by paying the subcontractor $108,000 in return for the shares previously issued which we subsequently cancelled.

• Except for the foregoing, neither our company nor any of our subsidiaries was a party or of which any of our property was the subject in any material pending legal proceedings that exceeds 10% of our current assets and our subsidiaries on a consolidated basis during the quarter ended June 30, 2012.