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Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 12,381 $ 27,987
Certificates of deposit 252,717 252,298
Accounts receivable, net 412,546 362,579
Inventories 641,094 914,709
Other current assets 0 4,697
Total current assets 1,318,738 1,562,270
Properties, plants and equipment, net 14,950,140 15,132,897
Restricted cash for reclamation bonds 63,345 63,345
IVA receivable and other assets 418,351 372,742
Total assets 16,750,574 17,131,254
Current liabilities:    
Checks issued and payable 11,045 28,248
Accounts payable 2,292,559 2,276,357
Due to factor 12,750 10,880
Accrued payroll, taxes and interest 195,298 185,283
Other accrued liabilities 195,849 168,578
Payables to related parties 105,904 22,668
Deferred revenue 60,165 60,049
Notes payable to bank 97,117 192,565
Income taxes payable (Note 11) 493,110 443,110
Long-term debt, current portion, net of discount 598,658 546,988
Total current liabilities 4,062,455 3,934,726
Long-term debt, net of discount and current portion 1,159,895 1,239,126
Hillgrove advances payable 1,134,196 1,134,221
Common stock payable to directors for services 218,750 175,000
Asset retirement obligations and accrued reclamation costs 273,109 271,572
Total liabilities 6,848,405 6,754,645
Commitments and contingencies (Note 7)
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 both years) 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; 67,488,063 shares issued and outstanding 674,881 674,881
Additional paid-in capital 36,239,264 36,239,264
Accumulated deficit (27,038,764) (26,564,324)
Total stockholders' equity 9,902,169 10,376,609
Total liabilities and stockholders' equity $ 16,750,574 $ 17,131,254