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RESTATEMENT (Tables) | 6 Months Ended
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Jun. 30, 2013
RESTATEMENT |
Schedule of effects of the restatement adjustments on financial statements | Consolidated Balance Sheet
|  | June 30, 2013 |
|  | As Reported |  | Adjustment |  | As Restated |
|  | $ |  | $ |  | $ |
Assets |  |  |  |  |  |  |
Property, plant and equipment |  | 109,566,339 |  | (9,647,304 | ) | 99,919,035 |
Total Assets |  | 53,837,593 |  | (9,647,304 | ) | 44,190,289 |
Shareholders’ equity |  |  |  |  |  |  |
Accumulated deficit |  | (170,199,086 | ) | (9,647,304 | ) | (179,846,390 | )
Total shareholders’ equity |  | 46,316,280 |  | (9,647,304 | ) | 36,668,976 |
Total liabilities and shareholders’ equity |  | 53,837,593 |  | (9,647,304 | ) | 44,190,289 |
Consolidated Statement of Operations
|  | Three Months Ended June 30, 2013 |
|  | As Reported |  | Adjustment |  | As Restated |
|  | $ |  | $ |  | $ |
Mineral property expenses |  | 652,455 |  | 350,114 |  | 1,002,569 |
Total cost of uranium sales |  | 1,854,942 |  | 350,114 |  | 2,205,056 |
Loss from operations before corporate expenses |  | (1,854,942 | ) | (350,114 | ) | (2,205,056 | )
Loss from operations |  | (3,831,987 | ) | (350,114 | ) | (4,182,101 | )
Net loss |  | (3,846,586 | ) | (350,114 | ) | (4,196,700 | )
Basic and diluted net loss per common share |  | (0.19 | ) | (0.02 | ) | (0.21 | )
Consolidated Statement of Operations
|  | Six Months Ended June 30, 2013 |
|  | As Reported |  | Adjustment |  | As Restated |
|  | $ |  | $ |  | $ |
Mineral property expenses |  | 751,360 |  | 672,969 |  | 1,424,329 |
Total cost of uranium sales |  | 3,093,827 |  | 672,969 |  | 3,766,796 |
Loss from operations before corporate expenses |  | (3,093,827 | ) | (672,969 | ) | (3,766,796 | )
Loss from operations |  | (7,752,087 | ) | (672,969 | ) | (8,425,056 | )
Net loss |  | (7,997,178 | ) | (672,969 | ) | (8,670,147 | )
Basic and diluted net loss per common share |  | (0.43 | ) | (0.04 | ) | (0.47 | )
Consolidated Statement of Cash Flows
|  | Six Months Ended June 30, 2013 |
|  | As Reported |  | Adjustment |  | As Restated |
|  | $ |  | $ |  | $ |
Net Loss |  | (7,997,178 | ) | (672,969 | ) | (8,670,147 | )
Additions to uranium properties |  | (788,213 | ) | 672,969 |  | (115,244 | )
Consolidated Statement of Operations
|  | Three Months Ended June 30, 2012 |
|  | As Reported |  | Adjustment |  | As Restated |
|  | $ |  | $ |  | $ |
Mineral property expenses |  | 30,744 |  | 1,573,386 |  | 1,604,130 |
Total cost of uranium sales |  | 1,571,642 |  | 1,573,386 |  | 3,145,028 |
Loss from operations before corporate expenses |  | (1,571,642 | ) | (1,573,386 | ) | (3,145,028 | )
Loss from operations |  | (3,787,151 | ) | (1,573,386 | ) | (5,360,537 | )
Net Loss |  | (3,660,679 | ) | (1,573,386 | ) | (5,234,065 | )
Basic and diluted net loss per common share |  | (0.34 | ) | (0.15 | ) | (0.49 | )
Consolidated Statement of Operations
|  | Six Months Ended June 30, 2012 |
|  | As Reported |  | Adjustment |  | As Restated |
|  | $ |  | $ |  | $ |
Mineral property expenses |  | 57,459 |  | 2,176,581 |  | 2,234,040 |
Total cost of uranium sales |  | 2,227,129 |  | 2,176,581 |  | 4,403,710 |
Loss from operations before corporate expenses |  | (2,227,129 | ) | (2,176,581 | ) | (4,403,710 | )
Loss from operations |  | (7,487,658 | ) | (2,176,581 | ) | (9,664,239 | )
Net loss |  | (7,267,149 | ) | (2,176,581 | ) | (9,443,730 | )
Basic and diluted net loss per common share |  | (0.71 | ) | (0.21 | ) | (0.92 | )
Consolidated Statement of Cash Flows
|  | Six Months Ended June 30, 2012 |
|  | As Reported |  | Adjustment |  | As Restated |
|  | $ |  | $ |  | $ |
Net loss |  | (7,267,149 | ) | (2,176,581 | ) | (9,443,730 | )
Additions to uranium properties |  | (3,155,448 | ) | 2,176,581 |  | (978,867 | )

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22644-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22663-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22658-107794 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 154 -Paragraph 26 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 9 -Paragraph 26 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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