9. Debt

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Debt

Long-Term debt at September 30, 2018 and December 31, 2017, is as follows:	September 30,			December 31,
	2018			2017
Note payable to First Security Bank, bearing interest at 6%;
payable in monthly installments of $917; maturing
September 2018; collateralized by equipment.	$	-		$	8,054
Note payable to Cat Financial Services, bearing interest at 6%;
payable in monthly installments of $1,300; maturing
August 2019; collateralized by equipment.		16,453			27,096
Note payable to Cat Financial Services, bearing interest at 6%;
payable in monthly installments of $778; maturing
December 2022; collateralized by equipment.		35,596			40,278
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.		7,749			13,344
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.		10,246			15,776
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.		661,988			715,709
Obligation payable for Guadalupe Mine, non-interest bearing,
annual payments from $60,000 to $149,078 through 2026, net of discount.		924,792			951,711
		1,670,970			1,786,114
Less current portion		(669,407	)		(546,988	)
Long-term portion	$	1,001,563		$	1,239,126

At September 30, 2018, principal payments on debt are due as follows:

12 Months Ending September 30,
	Principal Payment		Discount			Net
2019		744,149		(74,742	)		669,407
2020		284,331		(58,282	)		226,049
2021		182,197		(45,336	)		136,861
2022		157,692		(37,610	)		120,082
2023		153,087		(30,922	)		122,165
Thereafter		444,910		(48,504	)		396,406
	$	1,966,366	$	(295,396	)	$	1,670,970