7. Long-Term Debt

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Long - Term Debt

Long-Term debt at March 31, 2017 and December 31, 2016, is as follows:	March 31,			December 31,
	2017			2016
Note payable to First Security Bank, bearing interest at 6%;
payable in monthly installments of $917; maturing
September 2018; collateralized by equipment.	$	15,755		$	18,246
Note payable to Cat Financial Services, bearing interest at 6%;
payable in monthly installments of $1,300; maturing
August 2019; collateralized by equipment.		37,248			40,556
Note payable to Wells Fargo Bank, bearing interest at 4%;
payable in monthly installments of $477; maturing
December 2016; collateralized by equipment.		-			473
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.		18,195			20,581
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.		20,581			22,944
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.		762,167			776,319
Obligation payable for Guadalupe Mine, non-interest bearing,
annual payments from $60,000 to $149,078 through 2026, net of discount.		966,216			970,651
		1,834,308			1,863,916
Less current portion		(433,993	)		(391,046	)
Long-term portion	$	1,400,315		$	1,472,870

At March 31, 2017, principal payments on debt are due as follows:

Year Ending March 31,
2018		433,993
2019		272,496
2020		275,467
2021		172,936
2022		108,312
Thereafter		571,104
	$	1,834,308