SEGMENT AND GEOGRAPHIC INFORMATION |
7. SEGMENT AND GEOGRAPHIC INFORMATION The Company operates in a single reportable segment, being the exploration and development of mineral properties. The following tables present selected financial information by geographic location: | | | | | | | | | | | | Canada | | United States | | Total | September 30, 2022 | | | | | | | | | | Capitalized acquisition costs | | $ | — | | $ | 55,375,124 | | $ | 55,375,124 | Property and equipment | | | 7,465 | | | — | | | 7,465 | Current assets | | | 5,114,168 | | | 525,489 | | | 5,639,657 | Total assets | | $ | 5,121,633 | | $ | 55,900,613 | | $ | 61,022,246 | December 31, 2021 | | | | | | | | | | Capitalized acquisition costs | | $ | — | | $ | 55,375,124 | | $ | 55,375,124 | Property and equipment | | | 7,465 | | | — | | | 7,465 | Current assets | | | 7,439,101 | | | 483,250 | | | 7,922,351 | Total assets | | $ | 7,446,566 | | $ | 55,858,374 | | $ | 63,304,940 |
| | | | | | | Three Months Ended | | September 30, 2022 | | September 30, 2021 | Net gain for the period – Canada | | $ | 146,351 | | $ | 57,698 | Net loss for the period – United States | | | (441,611) | | | (1,706,611) | Net loss for the period | | $ | (295,260) | | $ | (1,648,913) |
| | | | | | | Nine Months Ended | | September 30, 2022 | | September 30, 2021 | Net loss for the period – Canada | | $ | (550,369) | | $ | (1,117,866) | Net loss for the period – United States | | | (1,659,143) | | | (3,846,933) | Net loss for the period | | $ | (2,209,512) | | $ | (4,964,799) |
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