8. Long-Term Debt

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Long - Term Debt

Long-Term debt at September 30, 2016, and December 31, 2015, is as follows:	September 30,			December 31,
	2016			2015
Note payable to First Security Bank, bearing interest at 6%;
payable in monthly installments of $917; maturing
September 2018; collateralized by equipment.	$	20,700		$	27,845
Note payable to Cat Financial Services, bearing interest at 6%;
payable in monthly installments of $1,300; maturing
August 2019; collateralized by equipment.		41,647
Note payable to Wells Fargo Bank, bearing interest at 4%;
payable in monthly installments of $477; maturing
December 2016; collateralized by equipment.		1,865			5,399
Note payable toDe Lage Landen Financial Services,
bearing interest at 5.30%; payable in monthly installments of $549;
maturing March 2016; collateralized by equipment.					2,171
Note payable to De Lage Landen Financial Services,
bearing interest at 3.51%; payable in monthly installments of $655;
maturing September 2019; collateralized by equipment.		21,766			27,587
Note payable to De Lage Landen Financial Services,
bearing interest at 3.51%; payable in monthly installments of $655;
maturing December 2019; collateralized by equipment.		24,115			29,300
Note payable to Phyllis Rice, bearing interest
at 1%; payable in monthly installments of $2,000; maturing
March 2015; collateralized by equipment.		14,146			14,146
Obligation payable for Soyatal Mine, non-interest bearing,
annual payments of $100,000 or $200,000 through 2019, net of discount.		787,557			820,272
Obligation payable for Guadalupe Mine, non-interest bearing,
annual payments from $60,000 to $149,078 through 2026, net of discount.		971,085			972,312
		1,882,881			1,899,032
Less current portion		(368,563	)		(181,287	)
Long-term portion	$	1,514,318		$	1,717,745

At September 30, 2016, principal payments on debt are due as follows:

Year Ending June 30,
2017	$	368,563
2018		236,822
2019		304,169
2020		217,748
2021		128,742
2022		111,467
2023		118,155
2024		125,244
2025		132,759
2026		139,212
	$	1,882,881