8. Long-Term Debt

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Long-Term Debt

Long-Term debt at December 31, 2019 and December 31, 2018 is as follows:

	December 31,			December 31,
	2019			2018
Note payable to Zeo Inc., non interest bearing,
payable in 11 quarterly installments of $8,300, starting the first quarter of 2020,
with a final payment of $8,700; 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.		-			14,022
Note payable to Cat Financial Services, bearing interest at 6%;
payable in monthly installments of $778; maturing
December 2022; collateralized by equipment.		26,250			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.		-			5,851
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.		700			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 2019, net of discount.		-			639,747
Obligation payable for Guadalupe Mine, non-interest bearing,
annual payments from $60,000 to $149,078 through 2026, net of discount.		-			918,663
		133,096			1,733,190
Less current portion		(56,334	)		(705,460	)
Long-term portion	$	76,762		$	1,027,730

At December 31, 2019, principal payments on debt are due as follows:

12 Months Ending December 31,	Principal Payment
2020	$	56,334
2021		41,187
2022		33,915
2023		1,660
	$	133,096

In the fourth quarter 2019, the Company abandoned the Soyatal and Guadalupe mineral properties in Mexico. The balances of the related debt, net of discount, on the date of abandonment is $603,743 and $922,780, respectively. The carrying value of the mineral properties, less the outstanding related notes payable balances resulted in a loss of $1,410,736 recognized on the abandonment of mineral properties.