Attached files
| file | filename |
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| EX-32.1 - EX 32.1 - LKA GOLD Inc /DE/ | exhibitthirtytwoone.htm |
| EX-31.2 - EX 31.2 - LKA GOLD Inc /DE/ | exhibitthirtyonetwo.htm |
| EX-31.1 - EX 31.1 - LKA GOLD Inc /DE/ | exhibitthirtyoneone.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 10-Q
____________________
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2015
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ____________ to____________
Commission File No. 000-17106
LKA GOLD INCORPORATED
(Exact name of registrant as specified in its charter)
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Delaware
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91-1428250
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(State or other jurisdiction of
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(I.R.S. Employer Identification No.)
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incorporation or organization)
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3724 47th Street Ct. N.W.
Gig Harbor, Washington 98335
(Address of principal executive offices)
(253) 514-6661
(Registrant’s telephone number, including area code)
N/A
(Former name, former address and former fiscal year,
if changed since last report)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [ ]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X]
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes [ ] No [X]
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS
Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.
Not applicable.
APPLICABLE ONLY TO CORPORATE ISSUERS
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: August 14, 2015 – 19,165,152 shares of common stock.
- 1 -
PART I
The Financial Statements of LKA Gold Incorporated, a Delaware corporation (the “Registrant,” the “Company” or “LKA”) required to be filed with this 10-Q Quarterly Report were prepared by management and commence below, together with related notes. In the opinion of management, the Financial Statements fairly present the financial condition of the Registrant.
- 2 -
LKA GOLD INCORPORATED
Consolidated Balance Sheets
(Unaudited)
ASSETS
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CURRENT ASSETS
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June 30,
2015
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December 31,
2014
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||||||
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Cash
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$ | 193,006 | $ | 698,745 | ||||
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Accounts receivable
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995 | 203,645 | ||||||
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Total Current Assets
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194,001 | 902,390 | ||||||
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FIXED ASSETS
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Land, equipment and mining claims
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849,140 | 811,085 | ||||||
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Accumulated deprecation
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(343,440 | ) | (327,705 | ) | ||||
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Total Fixed Assets, Net of Accumulated Depreciation
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505,700 | 483,380 | ||||||
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OTHER NON-CURRENT ASSETS
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Reclamation bonds
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123,597 | 123,597 | ||||||
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TOTAL ASSETS
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$ | 823,298 | $ | 1,509,367 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY
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CURRENT LIABILITIES
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||||||||
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Accounts payable
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$ | 253,566 | $ | 278,354 | ||||
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Accounts payable – related party
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11,928 | 6,533 | ||||||
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Note payable
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10,000 | 10,000 | ||||||
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Accrued wages and advances payable to officer
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76,067 | 76,067 | ||||||
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Total Current Liabilities
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351,561 | 370,954 | ||||||
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NON-CURRENT LIABILITIES
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||||||||
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Asset retirement obligation
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115,319 | 112,876 | ||||||
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Total Liabilities
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466,880 | 483,830 | ||||||
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STOCKHOLDERS' EQUITY
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Preferred stock; $0.001 par value, 50,000,000 shares authorized, 0 and
0 shares issued and outstanding, respectively
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- | - | ||||||
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Common stock, $0.001 par value, 50,000,000 shares authorized,
19,165,152 and 19,165,152 shares issued and 19,121,528 and 19,121,528
shares outstanding, respectively
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19,165 | 19,165 | ||||||
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Additional paid-in capital
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17,963,315 | 17,963,315 | ||||||
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Treasury stock; 43,624 and 43,624 shares at cost, respectively
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(86,692 | ) | (86,692 | ) | ||||
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Accumulated deficit
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(17,539,370 | ) | (16,870,251 | ) | ||||
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Total Stockholders' Equity
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356,418 | 1,025,537 | ||||||
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TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
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$ | 823,298 | $ | 1,509,367 | ||||
The accompanying notes are an integral part of these unaudited consolidated financial statements.
- 3 -
LKA GOLD INCORPORATED
Consolidated Statements of Operations
(Unaudited)
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For the Three Months Ended
June 30,
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For the Six Months Ended
June 30,
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|||||||||||||||
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2015
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2014
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2015
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2014
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REVENUES
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Sales - precious metals
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$ | - | $ | 257,047 | $ | 115,985 | $ | 441,083 | ||||||||
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EXPLORATION COSTS
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(257,932 | ) | (176,642 | ) | (581,798 | ) | (325,273 | ) | ||||||||
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GROSS MARGIN (DEFICIT)
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(257,932 | ) | 80,405 | (465,813 | ) | 115,810 | ||||||||||
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OPERATING EXPENSES
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General and administrative
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39,685 | 31,882 | 78,594 | 83,811 | ||||||||||||
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Officer salaries
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37,500 | 37,500 | 75,000 | 75,000 | ||||||||||||
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Professional and consulting
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26,197 | 26,243 | 48,926 | 226,786 | ||||||||||||
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Total Operating Expenses
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103,382 | 95,625 | 202,520 | 385,597 | ||||||||||||
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OPERATING LOSS
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(361,314 | ) | (15,220 | ) | (668,333 | ) | (269,787 | ) | ||||||||
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OTHER EXPENSE
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Interest expense, net
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(317 | ) | (2,317 | ) | (786 | ) | (4,217 | ) | ||||||||
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NET LOSS
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$ | (361,631 | ) | $ | (17,537 | ) | $ | (669,119 | ) | $ | (274,004 | ) | ||||
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BASIC NET LOSS PER SHARE
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$ | (0.02 | ) | $ | (0.00 | ) | $ | (0.03 | ) | $ | (0.02 | ) | ||||
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BASIC WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING
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19,165,152 | 15,449,187 | 19,165,152 | 15,436,810 | ||||||||||||
The accompanying notes are an integral part of these unaudited consolidated financial statements.
- 4 -
LKA GOLD INCORPORATED
Consolidated Statements of Cash Flows
(Unaudited)
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For the Six Months Ended
June 30,
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2015
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2014
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CASH FLOWS FROM OPERATING ACTIVITIES
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Net loss
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$ | (669,119 | ) | $ | (274,004 | ) | ||
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Items to reconcile net loss to net cash provided (used) by operating activities:
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Accretion of asset retirement obligation
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2,443 | 2,270 | ||||||
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Depreciation and amortization
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15,735 | 17,949 | ||||||
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Common stock and warrants issued for services
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- | 1,684 | ||||||
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Common shares issued for services
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- | 181,909 | ||||||
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Common shares issued for expenses
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- | 9,125 | ||||||
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Changes in operating assets and liabilities
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Decrease in accounts receivable
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202,650 | 38,638 | ||||||
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Decrease in accounts payable and accounts payable – related party
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(19,393 | ) | (31,542 | ) | ||||
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Increase in accrued expenses
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- | 21,025 | ||||||
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Net Cash Used in Operating Activities
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(467,684 | ) | (32,946 | ) | ||||
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CASH FLOWS FROM INVESTING ACTIVITIES
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Purchase of fixed assets
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(38,055 | ) | - | |||||
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Restricted cash
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- | 42,907 | ||||||
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Net Cash Provided by (Used in) Investing Activities
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(38,055 | ) | 42,907 | |||||
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CASH FLOWS FROM FINANCING ACTIVITIES
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Payment of preferred stock dividends
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- | (3,107 | ) | |||||
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Net Cash Used in Financing Activities
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- | (3,107 | ) | |||||
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DECREASE IN CASH
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(505,739 | ) | 6,854 | |||||
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CASH AT BEGINNING OF PERIOD
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698,745 | 8,740 | ||||||
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CASH AT END OF PERIOD
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$ | 193,006 | $ | 15,594 | ||||
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CASH PAID FOR:
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Interest
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$ | 600 | $ | 600 | ||||
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Income taxes
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$ | - | $ | - | ||||
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NON-CASH INVESTING AND FINANCING ACTIVITIES:
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Stock issued for accrued payables, related party
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$ | - | $ | 36,500 | ||||
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Common stock issued for conversion of preferred stock
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$ | - | $ | 44 | ||||
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Common stock issued for warrant settlement fees
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$ | - | $ | 6,080 | ||||
The accompanying notes are an integral part of these unaudited consolidated financial statements.
- 5 -
LKA GOLD INCORPORATED
Notes to the Consolidated Unaudited Financial Statements
June 30, 2015
NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
LKA Gold Incorporated (Formerly LKA International, Inc.) (“LKA” or the “Company”) is currently engaged in efforts to expand mine production and continues to seek additional investment opportunities.
The accompanying unaudited condensed consolidated financial statements have been prepared by LKA pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted in accordance with such rules and regulations. The information furnished in the interim condensed consolidated financial statements include normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements. Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim condensed consolidated financial statements be read in conjunction with LKA’s most recent audited financial statements. Operating results for the six months ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015.
Reclassifications
Certain prior year amounts have been reclassified to conform to the current year presentation.
NOTE 2 - RELATED PARTY TRANSACTIONS
Related Party Debt – Office Space
LKA pays a company owned by an officer and shareholder $1,500 per month for office rent and expenses. The affiliated company (Abraham & Co., Inc. a FINRA member and registered investment advisor) also executes LKA’s securities transactions and manages its investment portfolio. LKA owed Abraham & Co. $10,500 and $6,000 as of June 30, 2015 and December 31, 2014, respectively.
Related Party Debt – Accounts and Wages Payable
At June 30, 2015 and December 31, 2014, LKA owes $1,428 and $533, respectively, for purchases made on the personal credit card of LKA’s President, Kye Abraham. Additionally, LKA owed Kye Abraham $76,067 and $76,067 in unpaid salary at June 30, 2015 and December 31, 2014, respectively.
NOTE 3 - SIGNIFICANT EVENTS
Precious Metals Sales
During January through June 2015, LKA delivered a total of approximately 83.08 dry short tons of gold bearing vein material for processing at a net revenue value of $115,985. At June 30, 2015 and December 31, 2014, LKA had metal sales receivables of $995 and $203,645, respectively.
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NOTE 4 - NOTIFICATION OF POSSIBLE ENVIRONMENTAL REMEDIATION
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In 2002 the Federal Bureau of Land Management (the "BLM") advised LKA of its desire to extend to the Ute-Ulay Property certain environmental clean-up (“remediation”) activities that it is conducting on neighboring properties that LKA does not own. The BLM commissioned and obtained three engineering evaluation and cost analysis ("EE/CA") studies/reports on the Ute-Ulay and the neighboring public lands in 2002-2006. These EE/CA studies analyzed the current environmental state of the Ute-Ulay property and other properties in the area. The studies identified a large volume of mine tailings and metals loading of shallow ground water, with elevated levels of arsenic, cadmium and lead being present. The BLM’s most
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LKA GOLD INCORPORATED
Notes to the Consolidated Unaudited Financial Statements
June 30, 2015
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NOTE 4 - NOTIFICATION OF POSSIBLE ENVIRONMENTAL REMEDIATION (CONTINUED)
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recent study, “Value Engineering Study on the Ute Ulay Mine/Mill Site – Final Report” dated January 5, 2006, projected the costs of remediation and property stabilization on the Ute-Ulay property to be approximately $2.1 million. Based upon discussions with Hinsdale County, Colorado officials, Colorado Department of Public Health & Environment Ute-Ulay project supervisor, the Federal Environmental Protection Agency’s (the “EPA”) regional manager, and legal counsel, the actual costs associated with this effort are expected to be approximately $1.2 million; substantially below previous BLM estimates. Under the federal Comprehensive Environmental Response, Compensation and Liability Act ("CERCLA"), the EPA may either require a property owner to perform the necessary cleanup or the agencies may perform the work and seek recovery of costs against the property owner and previous owners. While it cannot be determined with absolute certainty until the project is completed, LKA’s status as a “de minimis” participant and the fact that remediation activities are focused on property located largely outside of LKA’s permitted operating area, LKA management expects this project will have a negligible impact on the LKA’s financial condition. Accordingly, pursuant to Generally Accepted Accounting Principles, and all discussions with the above named agencies to date, LKA management believes it is unlikely there will be a material impact to its financial statements and no liability for this project has been recorded as of June 30, 2015. Actual completion of remediation work at the site was completed in late 2013 by the EPA. The EPA has not yet issued its notice of final determination.
NOTE 5 - GOING CONCERN
LKA's consolidated financial statements are prepared using Generally Accepted Accounting Principles applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, LKA has recently accumulated significant losses and has negative working capital. All of these items raise substantial doubt about its ability to continue as a going concern. Management's plans with respect to alleviating the adverse financial conditions that caused management to express substantial doubt about the LKA's ability to continue as a going concern are as follows:
LKA is currently engaged in an intensive exploration program at the Golden Wonder mine with the objective of returning the mine to a producing status. The exploration program, which began in November, 2008, has involved extensive sampling/assaying for the purpose of identifying possible new production zones within the mine. During this evaluation period, sampling and analysis of exposed veins yielded encouraging results and some precious metals revenues. While encouraging, no conclusion can be drawn at this time about the commercial viability of the mine and LKA continues to pursue potential third party operator or lease agreements for the property.
In order to support continued operation of the mine, LKA entered into several financing transactions during the year ended December 31, 2014, and plans on raising additional funding during 2015 to support the continued exploration of the Golden Wonder mine. If LKA is not successful in the resumption of mine operations which produce positive cash flows from operations, LKA may be forced to continue to raise additional equity or debt financing to fund its ongoing obligations or risk ceasing doing business.
There can be no assurance that LKA will be able to achieve its business plans, raise any more required capital or secure the financing necessary to achieve its current operating plan. The ability of LKA to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the preceding paragraph and eventually attain profitable operations. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
NOTE 6 - SUBSEQUENT EVENTS
On July 9, 2015, LKA entered into an Exploration Agreement & Option (the “Agreement”) with Kinross Gold U.S.A., Inc. for the purpose of expanding THE Golden Wonder Mine exploration beyond LKA’s active workings. The Agreement, amongst its other provisions, grants Kinross a five-year exclusive right to
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LKA GOLD INCORPORATED
Notes to the Consolidated Unaudited Financial Statements
June 30, 2015
NOTE 6 - SUBSEQUENT EVENTS (CONTINUED)
explore, and if successful, develop any mineral resource(s) containing 50,000 or more ounces of gold on LKA’s properties above and adjacent to the Golden Wonder Mine located near Lake City, Colorado. If such a resource, or multiple resources, is discovered, LKA will have the option to enter into a joint venture with Kinross for the purpose of developing such resource(s) by reimbursing 40.25% of Kinross’ exploration expenses in return for a 35% interest in the joint venture. If a joint venture is formed, LKA’s contribution will also include all of LKA’s Golden Wonder mine properties. Additionally, LKA will receive a $1.8 million credit toward its joint venture contribution in exchange for certain mine infrastructure assets.
During the five-year exploration period, Kinross will, but is not obligated to, conduct exploration, at its own expense, while LKA will retain the exclusive right to continue exploration and development of any resources within a “Carve-Out Area” which is LKA’s current area of operation.
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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
Forward-looking Statements
Statements made in this Quarterly Report which are not purely historical are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and our business, including, without limitation, (i) our ability to raise capital, and (ii) statements preceded by, followed by or that include the words “may,” “would,” “could,” “should,” “expects,” “projects,” “anticipates,” “believes,” “estimates,” “plans,” “intends,” “targets” or similar expressions.
Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which we may conduct business, changes in the interest rate environment, international gold prices, legislation or regulatory requirements, conditions of the securities markets, our ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting our current or potential business and related matters.
Accordingly, results actually achieved may differ materially from expected results in these statements. Forward-looking statements speak only as of the date they are made. We do not undertake, and specifically disclaim, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.
Results of Operations
For The Three Months Ended June 30, 2015 Compared to The Three Months Ended June 30, 2014
Exploratory mining during the quarter was limited in order to focus resources on the underground drilling program. Limited mining operations resulted in approximately 31 dry tons of crushed vein material with an average grade of 2.16 oz (67.18 grams) gold per ton. This material was not shipped during the quarter. Substantial additional resources were directed toward augmentation of existing environmental protection infrastructure and the installation of a semi-automated water monitoring and sampling system below the mine’s 6th level pad.
During the three months ended June 30, 2015, we recognized no revenue from the sale of gold, compared to $257,047 in the three months ended June 30, 2014.
Exploration expenses increased $81,290, or approximately 46%, from $176,642 in the three months ended June 30, 2014, to $257,932 in the three months ended June 30, 2015. The increase is mainly due to increases in contract labor from increased mine exploration.
Professional fees, which included legal expenses associated with the Kinross contract, decreased by $46 during the three months ended June 30, 2015, compared to the three months ended June 30, 2014. Additionally, as part of the terms of our contract with Kinross, we incurred expenses (professional fees) related to surveying, relocating and filing certain Golden Wonder mining claims owned by the Company.
General and administrative expenses increased by $7,803, or approximately 25% in the three months ended June 30, 2015, mainly due to a decrease in investor relations expenses during the three months ended June 30, 2015 compared to the three months ended June 30, 2014.
We incurred an operating loss of $361,314 during the three months ended June 30, 2015, as compared to an operating loss of $15,220 in the three months ended June 30, 2014. The $346,094, or approximately 2,274%, increase is mainly due to the lack of revenue from gold sales in the three months ended June 30, 2015, compared to revenue of $257,047 during the three months ended June 30, 2014, as well as the $81,290 increase in exploration expenses during the three months ended June 30, 2015, compared to the three months ended June 30, 2014.
Interest expense decreased to $317 during the three months ended June 30, 2015, as compared to $2,317 in the three months ended June 30, 2014.
- 9 -
Net loss totaled $361,631, or $0.02 per share, in the three months ended June 30, 2015, compared to a net loss of $17,537, or $0.00 per share, in the three months ended June 30, 2014.
For The Six Months Ended June 30, 2015 Compared to The Six Months Ended June 30, 2014
During the six months ended June 30, 2015, we recognized revenue of $115,985 from gold sales, compared to $441,083 in the six months ended June 30, 2014, a decrease of $325,098, or approximately 74%. Gold sales result from our exploration mining activities at the Golden Wonder mine.
Exploration expenses increased $256,525, or approximately 79%, from $325,273 in the six months ended June 30, 2014, to $581,798 in the six months ended June 30, 2015, mainly due to a $109,004 increase in contract labor from increased mine exploration.
Professional fees decreased by $177,860, or approximately 78%, mainly due to the recognition of $183,593 in non-cash equity compensation expense to consultants during the six months ended June 30, 2014.
General and administrative expenses decreased by $5,217, or approximately 6% in the six months ended June 30, 2015, mainly due to a $15,076 decrease in investor relations expenses, partially offset by a $7,433 increase in travel related expenses, during the six months ended June 30, 2015 compared to the six months ended June 30, 2014.
We incurred an operating loss of $668,333 during the six months ended June 30, 2015, as compared to an operating loss of $269,787 in the six months ended June 30, 2014. The $398,546, or approximately 148%, increase is mainly due to the $256,525 increase in exploration costs and $325,098 decrease in revenue during the six months ended June 30, 2015 compared to the six months ended June 30, 2014, partially offset by the $177,860 decrease in professional fees.
Interest expense decreased to $786 during the six months ended June 30, 2015, as compared to $4,217 in the six months ended June 30, 2014.
Net loss totaled $669,119, or $0.03 per share, in the six months ended June 30, 2015, compared to a net loss of $274,004, or $0.02 per share, in the six months ended June 30, 2014.
Liquidity
Current assets at June 30, 2015 totaled $194,001. As of that date, we had $193,006 in cash and $995 in accounts receivable, as compared to $698,745 in cash and $203,645 in accounts receivable at December 31, 2014.
During the six months ended June 30, 2015, our operating activities used net cash of $467,684, compared to $32,946 in the comparable 2014 period. Investing activities used cash of $38,055 for the purchase of fixed assets during the period ended June 30, 2015, compared to providing cash of $42,907 from changes in restricted cash in the comparable 2014 period. Financing activities did not provide any cash during the six months ended June 30, 2015, compared to $3,107 cash used by financing activities during the six months ended June 30, 2014.
At June 30, 2015, the Company had a working capital deficit of $157,560, as compared to $531,436 working capital at December 31, 2014.
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
Not required.
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Item 4. Controls and Procedures.
Evaluation of disclosure controls and procedures
Our management, with the participation of our chief executive officer and chief financial officer, evaluated the effectiveness of our disclosure controls and procedures as defined in Rule 13a-15(e) under the Exchange Act as of the end of the period covered by this Quarterly Report on Form 10-Q. In designing and evaluating the disclosure controls and procedures, our management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs. The design of any disclosure controls and procedures also is based in part upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.
Based on that evaluation, our chief executive officer and chief financial officer concluded that, as of June 30, 2015, our disclosure controls and procedures were not effective as the Company lacks appropriate segregation of duties and has an insufficient number of employees responsible for the accounting and financial reporting functions. A controls system cannot provide absolute assurance, however, that the objectives of the controls system are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected.
Changes in internal control over financial reporting
Our management, with the participation of the chief executive officer and chief financial officer, has concluded that there were no significant changes in our internal controls over financial reporting that occurred during our last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
PART II - OTHER INFORMATION
None; not applicable.
Item 1A. Risk Factors.
Not required.
None; not applicable
None; not applicable
None, not applicable.
During the three months ended June 30, 2015, there were no material changes to the procedures by which security holders may recommend nominees to the Registrant’s Board of Directors.
- 11 -
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31.1
31.2
32.1
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Certification of Kye Abraham Pursuant to Section 302 of the Sarbanes-Oxley Act.
Certification of Nanette Abraham Pursuant to Section 302 of the Sarbanes-Oxley Act.
Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
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101.INS
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XBRL Instance Document*
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101.PRE.
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XBRL Taxonomy Extension Presentation Linkbase*
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101.LAB
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XBRL Taxonomy Extension Label Linkbase*
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101.DEF
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XBRL Taxonomy Extension Definition Linkbase*
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101.CAL
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XBRL Taxonomy Extension Calculation Linkbase*
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101.SCH
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XBRL Taxonomy Extension Schema*
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*Pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed “furnished” and not “filed” or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, or deemed “furnished” and not “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise are not subject to liability under these sections.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized
LKA GOLD INCORPORATED
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Date:
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August 17, 2015
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By:
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/s/Kye Abraham
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Kye Abraham, President, Chairman of the Board and Director
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Date:
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August 17, 2015
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By:
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/s/Nanette Abraham
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Nanette Abraham, Secretary, Treasurer and Director
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