GENERAL METALS CORP

CIK:0001060910|SEC Filings

Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
Consolidated Statements of Operations (USD $)	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Income Statement [Abstract]
Revenue	$ 0us-gaap_Revenues	$ 0us-gaap_Revenues	$ 0us-gaap_Revenues	$ 0us-gaap_Revenues
Operating expenses
Depreciation and amortization	0	397	0	647
General and administrative	3,662us-gaap_GeneralAndAdministrativeExpense	5,598us-gaap_GeneralAndAdministrativeExpense	20,442us-gaap_GeneralAndAdministrativeExpense	29,480us-gaap_GeneralAndAdministrativeExpense
Management and consulting	72,342us-gaap_OtherCostAndExpenseOperating	64,101us-gaap_OtherCostAndExpenseOperating	319,667us-gaap_OtherCostAndExpenseOperating	279,618us-gaap_OtherCostAndExpenseOperating
Exploration and development	2,992us-gaap_ExplorationExpense	(4,645)us-gaap_ExplorationExpense	77,745us-gaap_ExplorationExpense	88,169us-gaap_ExplorationExpense
Professional fees	11,735us-gaap_ProfessionalFees	9,191us-gaap_ProfessionalFees	66,591us-gaap_ProfessionalFees	72,642us-gaap_ProfessionalFees
Total expenses	90,731us-gaap_OperatingExpenses	74,642us-gaap_OperatingExpenses	484,445us-gaap_OperatingExpenses	470,556us-gaap_OperatingExpenses
(Loss) from operations	(90,731)us-gaap_OperatingIncomeLoss	(74,642)us-gaap_OperatingIncomeLoss	(484,445)us-gaap_OperatingIncomeLoss	(470,556)us-gaap_OperatingIncomeLoss
Other income (expenses)
Interest expense	(26,967)us-gaap_InterestExpense	(15,423)us-gaap_InterestExpense	(60,032)us-gaap_InterestExpense	(20,486)us-gaap_InterestExpense
Other income	30,926us-gaap_OtherIncome	2,500us-gaap_OtherIncome	30,926us-gaap_OtherIncome	2,500us-gaap_OtherIncome
Financing costs	11,314CIBG_FinancingCosts	(13,515)CIBG_FinancingCosts	(4,570)CIBG_FinancingCosts	(13,515)CIBG_FinancingCosts
Loss on change in fair value of derivatives	(20,168)us-gaap_UnrealizedGainLossOnDerivatives	(7,176)us-gaap_UnrealizedGainLossOnDerivatives	(20,168)us-gaap_UnrealizedGainLossOnDerivatives	(7,176)us-gaap_UnrealizedGainLossOnDerivatives
Gain on sale of mineral properties	0CIBG_GainOnSaleOfMineralProperties	0CIBG_GainOnSaleOfMineralProperties	0CIBG_GainOnSaleOfMineralProperties	0CIBG_GainOnSaleOfMineralProperties
Gain on disposal of assets	11,959us-gaap_GainLossOnDispositionOfAssets	0us-gaap_GainLossOnDispositionOfAssets	11,959us-gaap_GainLossOnDispositionOfAssets	0us-gaap_GainLossOnDispositionOfAssets
Realized gain/(loss) on sale of investments	0us-gaap_RealizedInvestmentGainsLosses	0us-gaap_RealizedInvestmentGainsLosses	0us-gaap_RealizedInvestmentGainsLosses	0us-gaap_RealizedInvestmentGainsLosses
Other than temporary impairment of investments	0	0	0	0
Gain/(loss) on foreign currency exchange	0	0	0	0
(Loss) before income taxes	(83,667)us-gaap_IncomeLossAttributableToParent	(108,256)us-gaap_IncomeLossAttributableToParent	(526,330)us-gaap_IncomeLossAttributableToParent	(509,233)us-gaap_IncomeLossAttributableToParent
Provision for income taxes	0us-gaap_IncomeTaxExpenseBenefit	0us-gaap_IncomeTaxExpenseBenefit	0us-gaap_IncomeTaxExpenseBenefit	0us-gaap_IncomeTaxExpenseBenefit
Net (loss)	$ (83,667)us-gaap_NetIncomeLoss	$ (108,256)us-gaap_NetIncomeLoss	$ (526,330)us-gaap_NetIncomeLoss	$ (509,233)us-gaap_NetIncomeLoss
Loss per common share:
Basic & Diluted	$ 0.00us-gaap_EarningsPerShareBasicAndDiluted	$ (0.01)us-gaap_EarningsPerShareBasicAndDiluted	$ (0.03)us-gaap_EarningsPerShareBasicAndDiluted	$ (0.03)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average shares outstanding:
Basic & Diluted	22,203,748	18,048,630	21,726,342	17,870,392

Consolidated Statements of Cash Flows (USD $)	6 Months Ended
Consolidated Statements of Cash Flows (USD $)	Jan. 31, 2015	Jan. 31, 2014
Operating activities
Net loss	$ (526,330)us-gaap_NetIncomeLoss	$ (509,233)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss
Stock issued for services	107,000	119,493
Stock issued for payment of interest on debt	0	0
Non-cash financing costs and amortization of debt discount	78,120us-gaap_AmortizationOfFinancingCosts	29,897us-gaap_AmortizationOfFinancingCosts
Depreciation and amortization	0	647
Stock-based compensation	122,698us-gaap_ShareBasedCompensation	0us-gaap_ShareBasedCompensation
Change in assets and liabilities
(Increase)/decrease in other current assets	0	0
(Increase)/decrease in prepaid expenses	13,500	(7,938)
Increase/(decrease) in accounts payable	(84,605)	118,990
Increase/(decrease) in related party accounts payable	5,893	0
Increase/(decrease) in accrued liabilities	92,549	85,863
Net cash used by operating activities	(191,175)	(162,281)
Investment activities
Deposit on reclamation bond	2,044us-gaap_PaymentsForOtherDeposits	808us-gaap_PaymentsForOtherDeposits
Net cash provided/(used) by investment activities	2,044	808
Financing activities
Proceeds from loans from related parties	16,000us-gaap_ProceedsFromRelatedPartyDebt	17,850us-gaap_ProceedsFromRelatedPartyDebt
Repayments of loans from related parties	0us-gaap_RepaymentsOfRelatedPartyDebt	(5,000)us-gaap_RepaymentsOfRelatedPartyDebt
Proceeds from deposit on joint venture	75,000CIBG_ProceedsFromDepositOnJointVenture	0CIBG_ProceedsFromDepositOnJointVenture
Proceeds from issuance of debt	20,000	0
Repayments of debt	(1,951)us-gaap_RepaymentsOfLongTermDebt	(2,299)us-gaap_RepaymentsOfLongTermDebt
Proceeds from issuance of convertible debt	50,000us-gaap_ProceedsFromConvertibleDebt	25,000us-gaap_ProceedsFromConvertibleDebt
Proceeds from the sale of stock	31,200	122,250
Net cash provided by financing activities	190,249	157,801
Net increase / (decrease) in cash	1,118	(3,672)
Cash, beginning of period	4,624	4,717
Cash (Cash overdraft), end of period	5,742	1,045
Supplemental Information:
Interest paid	26,061us-gaap_InterestPaidNet	2,320us-gaap_InterestPaidNet
Income taxes paid	0us-gaap_IncomeTaxesPaid	0us-gaap_IncomeTaxesPaid
Non-cash activities:
Stock issued for service as prepaid expenses	(183,186)	0
Stock issued for payment of interest on debt	(640)	0
Reverse expense to other income	(28,426)CIBG_ReverseExpenseToOtherIncome	0CIBG_ReverseExpenseToOtherIncome
Settlement of debt with asset	(11,959)CIBG_SettlementOfDebtWithAsset	0CIBG_SettlementOfDebtWithAsset
Stock issued as conversion of debt	$ (57,365)	$ 0

Consolidated Balance Sheets (USD $)	Jan. 31, 2015	Apr. 30, 2014
Current assets
Cash and cash equivalents	$ 5,742	$ 4,624
Prepaid expenses	0us-gaap_PrepaidExpenseCurrent	13,500us-gaap_PrepaidExpenseCurrent
Total current assets	5,742us-gaap_AssetsCurrent	18,124us-gaap_AssetsCurrent
Other assets
Land	67,742us-gaap_Land	67,742us-gaap_Land
Mineral property	613,941us-gaap_MineralPropertiesGross	613,941us-gaap_MineralPropertiesGross
Deposit on mineral claim purchase	373,599us-gaap_DepositAssets	373,599us-gaap_DepositAssets
Property and equipment, net	0us-gaap_PropertyPlantAndEquipmentNet	0us-gaap_PropertyPlantAndEquipmentNet
Other assets	32,386us-gaap_OtherAssets	34,430us-gaap_OtherAssets
Total other assets	1,087,668us-gaap_AssetsNoncurrent	1,089,712us-gaap_AssetsNoncurrent
Total assets	1,093,410us-gaap_Assets	1,107,836us-gaap_Assets
Current Liabilities
Accounts payable	424,681us-gaap_AccountsPayableCurrent	501,472us-gaap_AccountsPayableCurrent
Notes payable, current portion	7,488us-gaap_NotesPayableCurrent	5,864us-gaap_NotesPayableCurrent
Convertible debt, net of discount $50,000 (2015) and $2,742 (2014)	53,167us-gaap_ConvertibleDebt	22,376us-gaap_ConvertibleDebt
Short-term loan payable	10,000	0
Mineral claims purchase and joint venture deposit liability	500,000	425,000
Accrued liabilities	359,232us-gaap_AccruedLiabilitiesCurrent	266,683us-gaap_AccruedLiabilitiesCurrent
Accounts payable to related parties	80,354	74,461
Derivative liability	20,168us-gaap_DerivativeLiabilities	30,844us-gaap_DerivativeLiabilities
Loan from related parties	16,000us-gaap_DueToRelatedPartiesCurrent	0us-gaap_DueToRelatedPartiesCurrent
Total current liabilities	1,471,090us-gaap_LiabilitiesCurrent	1,326,700us-gaap_LiabilitiesCurrent
Long-term liabilities
Notes payable, net of current portion	30,889us-gaap_LongTermNotesPayable	24,464us-gaap_LongTermNotesPayable
Total long-term liabilities	30,889us-gaap_LiabilitiesNoncurrent	24,464us-gaap_LiabilitiesNoncurrent
Total liabilities	1,501,979us-gaap_Liabilities	1,351,164us-gaap_Liabilities
Commitments and Contingencies
Stockholders' equity/(deficit)
Preferred stock, authorized 50,000,000 shares, par value $0.001, zero issued and outstanding	0us-gaap_PreferredStockValue	0us-gaap_PreferredStockValue
Common stock, authorized 500,000,000 shares, par value $0.001, issued and outstanding on January 31, 2015 and April 30, 2014 is 22,429,574 and 20,260,229 respectively	22,430us-gaap_CommonStockValue	20,260us-gaap_CommonStockValue
Additional paid-in capital	12,929,067	12,570,148
Accumulated deficit	(13,360,066)	(12,833,736)
Total stockholders' equity/(deficit)	(408,569)us-gaap_StockholdersEquity	(243,328)us-gaap_StockholdersEquity
Total liabilities and stockholders' equity/(deficit)	$ 1,093,410	$ 1,107,836