Lake Victoria Mining Company, Inc.

CIK:0001402062|SEC Filings

Consolidated Statements of Comprehensive Loss - USD ($)	3 Months Ended
Consolidated Statements of Comprehensive Loss - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Revenue	$ 0	$ 0
Expenses
Depreciation	4,505	9,617
Exploration costs	41,869	32,386
General and administrative	22,513	67,606
Director fees	9,000	9,000
Professional and consulting fees	31,152	44,168
Salaries	94,830	122,829
Stock-based compensation	215,688	0
Travel and accommodation	6,419	6,006
Total Expenses	425,976	291,612
Loss Before Other Items	(425,976)	(291,612)
Other Income (Expenses)
Fair value adjustment to forward gold sale liability	(3,176)	0
Foreign exchange gain (loss)	108,255	(15,693)
Interest expense	(82)	(212)
Total Other Income (Expenses)	104,997	(15,905)
Net Loss and Comprehensive Loss	(320,979)	(307,517)
Net Loss and Comprehensive Loss Attributable to the Company	$ (320,979)	$ (307,517)
Net Loss Per Share - Basic and Diluted	$ 0.00	$ 0.00
Weighted Average Number of Common Shares Outstanding	152,392,067	114,554,067

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Operating Activities
Net Loss	$ (320,979)	$ (307,517)
Adjustments for non-cash expenses:
Depreciation	4,505	9,617
Fair value adjustment to forward gold sale liability	3,176	0
Stock-based compensation	215,688	0
Changes in operating assets and liabilities:
Decrease in prepaid expenses and other	6,834	7,116
Increase in accounts payable to related parties	36,468	123,366
Decrease in accounts payable	(50,476)	(107,084)
Increase in accrued expenses and other payables	7,301	34,647
Increase in deferred revenue	0	56,651
Net Cash Used In Operating Activities	(97,483)	(183,204)
Financing Activities
Repayment of note payable	(3,947)	(3,677)
Proceeds from loans payable	0	175,000
Net Cash Provided By (Used In) Financing Activities	(3,947)	171,323
Net Decrease In Cash and Cash Equivalents	(101,430)	(11,881)
Cash and Cash Equivalents, Beginning of Period	150,530	34,022
Cash and Cash Equivalents, End of Period	$ 49,100	$ 22,141

Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Mar. 31, 2015
Current Assets
Cash and cash equivalents	$ 49,100	$ 150,530
Prepaid expenses and other	4,514	11,348
Total Current Assets	53,614	161,878
Equipment	17,758	22,262
Mineral Properties	250,150	250,150
Total Assets	321,522	434,290
Current Liabilities
Accounts payable	839,538	890,014
Accounts payable to related party	540,697	504,228
Accrued expenses and other payables	324,917	317,616
Forward gold sale liability	131,953	128,777
Note payable	0	3,947
Total Liabilities	1,837,105	1,844,582
Stockholders' Deficiency
Preferred Stock, 100,000,000 shares authorized, $0.00001 par value; No shares issued and outstanding	0	0
Common Stock, 250,000,000 shares authorized, $0.00001 par value; 152,329,067 shares issued and outstanding (2015 - 152,329,067)	1,524	1,524
Additional Paid-in Capital	19,008,961	18,793,273
Deficit	(20,526,068)	(20,205,089)
Total Stockholders' Deficiency	(1,515,583)	(1,410,292)
Total Liabilities and Stockholders' Deficiency	$ 321,522	$ 434,290