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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES $ 97,162 $ 145,619 $ 101,444 $ 151,382
COST OF GOODS SOLD        
Production expenses 73,705 82,921 75,046 82,921
Mining tax 844 0 844 0
TOTAL COST OF GOODS SOLD 74,549 82,921 75,890 82,921
GROSS PROFIT 22,613 62,698 25,554 68,461
OPERATING EXPENSES        
Professional fees 26,320 36,732 75,142 58,732
Consulting fees 51,700 0 51,700 0
General and administrative expenses 238,384 39,560 309,327 60,160
Compensation and related costs 76,865 40,559 94,465 88,376
Stock based compensation 117,438 1,009,400 353,797 1,009,400
Depreciation 108 108 216 216
Management fee 0 99,200 0 191,263
TOTAL OPERATING EXPENSES 510,815 1,225,559 884,647 1,408,147
OTHER EXPENSE (INCOME)        
Loss ( gain ) on derivative liability 21,082 0 9,250 0
Interest on promissory notes 18,234 0 29,779 0
Amortization of debt discount 78,861 0 107,167 0
Loss on extinguishments of debt 97,898 0 97,898 0
Derivative expense 264,549 0 264,549 0
Interest income (142) 0 (228) 0
TOTAL OTHER (INCOME) EXPENSES 480,482 0 508,415  
LOSS FROM CONTINUING OPERATIONS (968,684) (1,162,861) (1,367,508) (1,339,686)
LOSS BEFORE PROVISION FOR INCOME TAXES (968,684) (1,162,861) (1,367,508) (1,339,686)
PROVISION FOR CORPORATE INCOME TAXES 0 (3,321) 0 (3,321)
NET LOSS (968,684) (1,166,182) (1,367,508) (1,343,007)
LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST (11,385) 25,396 (15,797) 25,396
LOSS ATTRIBUTABLE TO BRAZIL MINERALS INC. $ (957,299) $ (1,191,578) $ (1,351,711) $ (1,368,403)
NET LOSS PER SHARE: BASIC AND DILUTED ( in dollars per share) $ (0.01) $ 0.00 $ (0.02) $ 0.00
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED (in shares) 82,451,721 70,963,434 78,532,301 70,463,434