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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 11,899,574 $ 19,060,378
Certificates of deposit 72,898 259,857
Accounts receivable, net 625,256 784,457
Inventories 1,386,109 1,375,068
Prepaid expenses and other current assets 92,369 137,599
Total current assets 14,076,206 21,617,359
Properties, plants and equipment, net 13,454,491 12,128,124
Restricted cash for reclamation bonds 55,061 57,288
IVA receivable and other assets 509,237 897,679
Total assets 28,094,995 34,700,450
CURRENT LIABILITIES:    
Accounts payable 456,935 628,803
Accrued liabilities 133,841 201,149
Accrued liabilities - directors 124,810 72,963
Royalties payable 153,429 435,075
Dividends payable 0 787,730
Long-term debt, current portion 28,443 94,150
Total current liabilities 897,458 2,219,870
NON-CURRENT LIABILITIES:    
Long-term debt, net of current portion 0 217,855
Stock payable to directors 38,542 61,459
Asset retirement obligations and accrued reclamation costs 1,638,027 332,011
Total liabilities 2,574,027 2,831,195
Preferred stock $0.01 par value, 10,000,000 shares authorized:    
Common stock, $0.01 par value, 150,000,000 shares authorized; 107,647,317 and 106,373,341 shares issued and outstanding, respectively 1,076,472 1,063,732
Additional paid-in capital 63,853,836 64,052,630
Shares to be returned to treasury 0 (202,980)
Accumulated deficit (39,418,619) (33,070,332)
Total stockholders' equity 25,520,968 31,869,255
Total liabilities and stockholders' equity 28,094,995 34,700,450
Series A Preferred Stock [Member]    
Preferred stock $0.01 par value, 10,000,000 shares authorized:    
Preferred stock, value 0 0
Series B Preferred Stock [Member]    
Preferred stock $0.01 par value, 10,000,000 shares authorized:    
Preferred stock, value 7,500 7,500
Series C Preferred Stock [Member]    
Preferred stock $0.01 par value, 10,000,000 shares authorized:    
Preferred stock, value 1,779 1,779
Series D Preferred Stock [Member]    
Preferred stock $0.01 par value, 10,000,000 shares authorized:    
Preferred stock, value $ 0 $ 16,926