8. Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Long - Term Debt

Long-Term debt at September 30, 2014 and December 31, 2013, is as follows:	September 30,			December 31,
	2014			2013
Note payable to BMT Leasing, bearing interest
at 13.38%; payable in monthly installments of $908; maturing
December 2015; collateralized by equipment.	$	11,588		$	-
Note payable to Thermo Fisher Financial Co., bearing interest
at 8.54%; payable in monthly installments of $2,792; maturing
December 2013; collateralized by equipment.		-			5,583
Note payable to Stearns Bank, bearing interest
at 6.9%; payable in monthly installments of $3,555; maturing
December 2014; collateralized by equipment.		10,546			41,117
Note payable to Western States Equipment Co., bearing interest
at 6.15%; payable in monthly installments of $2,032; maturing
June 2015; collateralized by equipment.		17,832			34,861
Note payable to Catepillar Financial, bearing interest at 5.95%;
payable in monthly installments of $827; maturing September 2015;
collateralized by equipment.		9,603			16,440
Note payable toDe Lage Landen Financial Services,
bearing interest at 5.30%; payable in monthly installments of $549;
maturing  March 2016; collateralized by equipment.		9,479			13,945
Note payable to Phyllis Rice, bearing interest
at 1%; payable in monthly installments of $2,000; maturing
March 2015; collateralized by equipment.		23,808			33,808
Note payable to De Lage Landen Financial Services,
bearing interest at 5.12%; payable in monthly installments of $697;
maturing December 2014; collateralized by equipment.		2,759			8,797
Note payable to Catepillar Financial, bearing interest
at 6.15%; payable in monthly installments of $766; maturing
August 2014; collateralized by equipment.		739			5,921
Note payable to De Lage Landen Financial Services,
bearing interest at 5.28%; payable in monthly installments of $709;
maturing June 2014; collateralized by equipment.		-			4,186
Obligation payable for Soyatal Mine, non-interest bearing,
annual payments of $200,000  through 2019, net of discount of $189,172		796,855			762,541
Note payable to Robert Detwiler, a shareholder, bearing interest at 10.0%,
due January 2, 2015; collateralized by equipment.		-			82,000
Note payable to Betsy Detwiler, a shareholder, bearing interest at 10.0%,
due January 2, 2015; monthly payments of $1,000;
collateralized by equipment.		-			120,000
		883,209			1,129,199
Less current portion		(169,903	)		(126,984	)
Long-term portion	$	713,306		$	1,002,215

Debt Outstanding

Due by September 30,
2015	$	169,903
2016		62,514
2017		60,952
2018		139,199
2019		172,962
2020		183,339
2021		94,340
	$	883,209