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Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 27,576 $ 10,057
Certificates of deposit 252,298 251,641
Accounts receivable, net 496,397 552,119
Inventories 939,880 855,637
Other current assets 23,890 23,101
Total current assets 1,740,041 1,692,555
Properties, plants and equipment, net 15,338,206 15,695,966
Restricted cash for reclamation bonds 63,275 63,274
Foreign value added tax refund receivable 365,120 276,500
Other assets 32,520 37,703
Total assets 17,539,162 17,765,998
Current liabilities:    
Checks issued and payable 48,408 35,682
Accounts payable 2,199,458 1,797,251
Due to factor 163,737 150,399
Accrued payroll, taxes and interest 162,833 213,695
Other accrued liabilities 153,273 122,968
Payables to related parties 16,322 14,525
Deferred revenue 78,730 78,730
Notes payable to bank 103,026 167,317
Income taxes payable (Note 11) 459,510 410,510
Long-term debt, current portion, net of discount 495,134 391,046
Total current liabilities 3,880,431 3,382,123
Long-term debt, net of discount and current portion 1,282,981 1,472,869
Hillgrove advances payable (Note 8) 1,134,196 1,134,221
Common stock payable to directors for services 131,250 168,750
Asset retirement obligations and accrued reclamation costs 270,124 265,782
Total liabilities 6,698,982 6,423,745
Commitments and contingencies (Note 5 and 11)
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 $909,375 and $907,500 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 $5,014,692 and $4,920,178 respectively) 17,509 17,509
Common stock, $0.01 par value, 90,000,000 shares authorized; 67,488,153 and 67,066,278 shares issued and outstanding, respectively 674,881 670,662
Additional paid-in capital 36,239,264 36,074,733
Accumulated deficit (26,100,753) (25,429,930)
Total stockholders' equity 10,840,180 11,342,253
Total liabilities and stockholders' equity $ 17,539,162 $ 17,765,998