Gold Torrent, Inc.

CIK:0001463792|SEC Filings

Interim Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Income
Interest Received	$ 2,594		$ 2,594
Expenses
Accounting and legal	34,811	21,311	209,132	96,864
Advertising and promotion			12,049
Amortization	1,840		5,521
Bank charges and interest	289,434	208	290,227	1,792
Executive compensation and payroll (Note 8)	411,991	121,250	1,134,166	363,750
Development	1,330,321	308,731	3,488,082	723,091
Insurance	64,118		278,013
Licenses and fees	17,289	4,614	28,980	55,113
Office	43,206	1,588	112,612	7,908
Professional Services	19,940		43,682
Property Tax			1,432
Share-based payments	125,000		2,449,000
Travel and transport	18,780	8,743	57,322	31,938
Loss before Other Items	(2,356,730)	(466,445)	8,110,218	(1,280,456)
Gain on settlement of debt				66,000
Net Loss and Comprehensive Loss for the Period	(2,354,136)	(466,445)	(8,107,624)	(1,214,456)
Attributed to non-controlling interest	(557,387)		(2,099,173)
Attributed to stockholders of the company	$ (1,796,749)	$ (466,445)	$ (6,008,451)	$ (1,214,456)
Weighted average number of common shares outstanding	20,093,093	12,651,858	19,084,723	14,189,586
Basic and diluted loss per share	$ (0.09)	$ (0.04)	$ (0.31)	$ (0.09)

Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash Flow from Operating Activities
Net loss for the period	$ (8,107,624)	$ (1,214,456)
Items not involving cash:
Share- based payments	2,449,000
Gain on settlement of debt		(66,000)
Accrued interest on debt	185,459
Amortization	5,521
Changes in non-cash working capital items:
Advances receivable	(747,639)
Prepaids and deposits	127,651	90,713
Accounts payable and accrued liabilities	(103,910)	110,954
Payroll liabilities	98,363
Cash Used in Operating Activities	(6,093,179)	(1,078,789)
Cash Flow from Investing Activity
Purchase of property, plant and equipment	(1,560,028)	(100,507)
Cash used in Investing Activity	(1,560,028)	(100,507)
Cash Flow from Financing Activities
Proceeds from issuance of common stock	884,975	1,210,000
Proceeds from long-term debt	6,500,000
Repayment of shareholders’ loan		(93,793)
Cash provided by financing Activities	7,384,975	1,116,207
Decrease in Cash	(268,232)	(63,089)
Cash, Beginning of Period	1,584,684	265,315
Cash, End of Period	1,316,452	202,226
Supplemental Information
Taxes paid
Interest paid
Interest received	2,594
Shares cancelled	$ 59,000

Interim Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Mar. 31, 2017
Current
Cash	$ 1,316,452	$ 1,584,684
Advances receivable	747,639
Prepaids and deposits	25,836	153,487
Total Current Assets	2,089,927	1,738,171
Long Term Assets
Mineral property interest (Note 4)	4,285,714	405,406
Land and other property	104,034
Property, plant and equipment (Note 5)	1,855,879
Total Non Current Assets	6,245,627	405,406
Total Assets	8,335,554	2,143,577
Current
Accounts payable (Note 6)	309,829	356,274
Accrued liabilities	603,566	475,573
Payroll liabilities	98,364
Total Current Liabilities	1,011,759	831,847
Long Term Liabilities
Long-term debt (Note 7)	8,500,000	2,000,000
Total Liabilities	9,511,759	2,831,847
Stockholders' Equity (Deficiency)
Common Stock (Note 9)	20,111	33,087
Preferred Stock
Additional Paid-in Capital	5,746,214	3,057,263
Contributed Surplus (Notes 9 and 10)	866,808	208,808
Non-controlling Interest (Note 4)	2,186,541
Deficit	(9,995,879)	(3,987,428)
Total Stockholders' Equity (Deficiency)	(1,176,205)	(688,270)
Total Liabilities and Stockholders' Equity (Deficiency)	$ 8,335,554	$ 2,143,577