XML 14 R12.htm IDEA: XBRL DOCUMENT

Common Stock

6 Months Ended

Jun. 30, 2011

The Company's Articles of Incorporation authorize 60,000,000 shares of $0.01 par value common stock available for issuance with such rights and preferences, including liquidation, dividend, conversion and voting rights, as the Board of Directors may determine. At June 30, 2011, the number of common shares outstanding and reserved is as follows:

Common shares issued and outstanding		59,349,300

Allocated shares for:
Warrants to purchase common stock		600,000
United States Antimony Corporation 2000 stock plan		500,000
		1,100,000

Total outstanding and reserved		60,449,300
Authorized shares		60,000,000
Number of shares overallocated		(449,300)

In addition, the Company has shares of Series D stock of 1,751,005 and warrants for purchase of 111,185 shares of Series D stock that is convertible on a one to one basis for shares of common stock. However, such conversion is subject to the availability of authorized but unissued shares of common stock.

In order to ensure that the number of shares outstanding does not exceed the amount authorized, the Company has no plans on selling additional shares of common stock in the near future and will not authorize any grants under the stock plan. The Company plans to pursue increasing its authorized shares during the second half of 2011.

This element may be used to capture the complete disclosure pertaining to an entity's common stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation.

+ References+ Details