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Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 203,324 $ 123,683
Certificates of deposit 250,414 249,147
Accounts receivable, net 757,444 454,674
Inventories 2,210,028 1,433,539
Other current assets (note 6) 313,751 42,626
Total current assets 3,734,961 2,303,669
Properties, plants and equipment, net 15,883,827 13,511,803
Restricted cash for reclamation bonds 75,755 75,754
Other assets 15,484 653,805
Total assets 19,710,027 16,545,031
Current liabilities:    
Accounts payable 2,016,380 1,821,673
Due to factor 272,889 13,314
Accrued payroll, taxes and interest 137,292 135,245
Other accrued liabilities 109,577 38,811
Payables to related parties 34,942 8,357
Deferred revenue 212,718 115,962
Note payable to bank (Note 7) 92,502 0
Long-term debt, current 215,824 159,278
Total current liabilities 3,092,124 2,292,640
Long-term debt, net of discount 1,665,749 715,328
Hillgrove advances payable 1,175,751 161,339
Stock payable to directors for services 112,500 125,000
Asset retirement obligations and accrued reclamation costs 259,043 255,190
Total liabilities $ 6,305,167 $ 3,549,497
Commitments and contingencies (Note 4 and 6)
Stockholders' equity:    
Preferred stock $0.01 par value, 10,000,000 shares authorized: Series A: -0- shares issued and outstanding $ 0 $ 0
Series B: 750,000 shares issued and outstanding (liquidation preference $900,000 and $892,500, respectively) 7,500 7,500
Series C: 177,904 shares issued and outstanding (liquidation preference $97,847) 1,779 1,779
Series D: 1,751,005 shares issued and outstanding (liquidation preference $4,837,880 and $4,796,731, respectively) 17,509 17,509
Common stock, $0.01 par value, 90,000,000 shares authorized; 66,316,278 and 66,027,453 shares issued and outstanding, respectively 663,162 660,274
Additional paid-in capital 35,890,733 35,740,671
Notes receivable from stock sales 0 (150,000)
Accumulated deficit (23,175,823) (23,282,199)
Total stockholders' equity 13,404,860 12,995,534
Total liabilities and stockholders' equity $ 19,710,027 $ 16,545,031