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10-Q - FORM 10-Q - COLORADO GOLDFIELDS INC.d370282d10q.htm
EX-32.2 - EX-32.2 - COLORADO GOLDFIELDS INC.d370282dex322.htm
EX-32.1 - EX-32.1 - COLORADO GOLDFIELDS INC.d370282dex321.htm
EX-31.2 - EX-31.2 - COLORADO GOLDFIELDS INC.d370282dex312.htm
EX-31.1 - EX-31.1 - COLORADO GOLDFIELDS INC.d370282dex311.htm
EXCEL - IDEA: XBRL DOCUMENT - COLORADO GOLDFIELDS INC.Financial_Report.xls
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v2.4.0.6
Balance Sheets (USD $)
May 31, 2012
Aug. 31, 2011
ASSETS    
Cash $ 10,380 $ 11,838
Prepaid expenses and other 74,575 88,823
Total Current Assets 84,955 100,661
Non-Current Assets    
Property, plant and equipment, net (Note 3) 1,592,681 1,605,878
Mining rights and claims (Note 4) 192,847 294,722
Restricted cash (Note 3) 515,428 515,428
Deferred financing costs 21,836 28,805
Other 11,520 11,520
Total Non-Current Assets 2,334,312 2,456,353
Total Assets 2,419,267 2,557,014
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts payable 269,884 253,453
Accrued liabilities 712,079 1,023,340
Convertible notes, less unamortized discount of $197,437 and $285,693, (Note 7) 108,807 153,605
Derivative liabilities (Note 8) 527,749 529,146
Promissory note payable, including accrued interest (Note 6) 24,688  
Notes payable, including accrued interest - related parties (Note 5) 334,291 320,521
Mortgage notes payable, including accrued interest (Note 3) 468,605 453,575
Total Current Liabilities 2,446,103 2,733,640
Non-Current Liabilities    
Promissory note payable, including accrued interest (Note 6) 84,594  
Asset retirement obligation 691,635 656,570
Total Non-Current Liabilities 776,229 656,570
Total Liabilities 3,222,332 3,390,210
Contingencies and Commitments (Note 10)      
Stockholders' Deficit (Note 9)    
Additional paid in capital (1,341,566) 10,629,290
Donated capital 29,250 29,250
Deficit accumulated during the exploration stage (22,594,546) (19,204,248)
Total Stockholders' Deficit (803,065) (833,196)
Total Liabilities and Stockholders' Deficit 2,419,267 2,557,014
Class A Common Stock [Member]
   
Stockholders' Deficit (Note 9)    
Common stock 23,103,797 7,712,512
Total Stockholders' Deficit 23,103,797 7,712,512
Class B Common Stock [Member]
   
Stockholders' Deficit (Note 9)    
Common stock