9. Debt

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Debt

Long-Term debt at Jume 30, 2019 and December 31, 2018 is as follows:	June 30,			December 31,
	2019			2018
Note payable to Zeo Inc., non interest bearing,
payable in 11 quarterly installments of $8,300 with a final payment of $8,700; (1)
maturing December 2022; uncollateralized.	$	100,000		$	100,000
Note payable to Cat Financial Services, bearing interest at 6%;
payable in monthly installments of $1,300; maturing
August 2019; collateralized by equipment.		5,321			14,022
Note payable to Cat Financial Services, bearing interest at 6%;
payable in monthly installments of $778; maturing
December 2022; collateralized by equipment.		30,071			34,390
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.		2,005			5,851
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.		4,569			8,371
Note payable to Phyllis Rice, bearing interest
at 1%; payable in monthly installments of $2,000; originally maturing
March 2015; collateralized by equipment.		6,146			12,146
Obligation payable for Soyatal Mine, non-interest bearing,
annual payments of $100,000 or $200,000 through 2020, net of discount
of $19,156 and $23,321, respectively. (2)		618,078			639,747
Obligation payable for Guadalupe Mine, non-interest bearing,
annual payments from $60,000 to $149,078 through 2026, net of discount
of $238,572 and $252,444, respectively. (3)		913,908			918,663
		1,680,098			1,733,190
Less current portion		(761,663	)		(705,460	)
Long-term portion	$	918,435		$	1,027,730

(1) Payments starting the fourth quarter of 2019.

(2) At June 30, 2019, the Company has not made $432,069 of principal payments due in previous periods on this note. At June 30, 2019, all but $47,619 of the balance is classified as a current liability. The creditor has agreed to accept payments of $2,500 USD per month through June 30, 2020, at which time the parties may agree to an extension of that payment schedule, or modify the payment schedule. The note holder has accepted, and was paid, $7,500 USD as payment for the months of April, May, and June of 2019

(3) At June 30, 2019, the Company is delinquent in $59,308 of principal payments on this note .    At June 30, 2019, the delinquent balance is classified as a current liability.  The Company is currently working with the lenders to modify the payment terms to cure the delinquent status. The Company has not received notice from the lenders indicating default on the loan.

At June 30, 2019, principal payments on debt are due as follows:

12 Months Ending June 30,	Principal Payment		Discount			Net
2020	$	824,100	$	(62,437	)	$	761,663
2021		240,956		(48,238	)		192,718
2022		191,009		(39,188	)		151,821
2023		179,735		(32,594	)		147,141
2024		149,077		(25,605	)		123,472
Thereafter		333,912		(30,629	)		303,283
	$	1,918,789	$	(238,691	)	$	1,680,098