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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 2,409,446 $ 5,973,079
Accounts receivable 14,629 634,643
Inventories 591,961 662,929
Stockpiles and mineralized material on leach pad 547,480 4,280,664
Prepaid expenses 2,396,747 2,808,623
Total current assets 5,960,263 14,359,938
MINERAL RIGHTS AND PROPERITES, Net 7,470,780 7,614,780
PROPERTIES, PLANT AND EQUIPMENT, Net 25,275,440 20,491,070
RECLAMATION BOND DEPOSIT 2,742,804 2,510,804
RETIREMENT OBLIGATION ASSET 2,491,956 2,803,318
OTHER ASSETS 58,753 84,635
TOTAL ASSETS 43,999,996 47,864,545
CURRENT LIABILITIES:    
Accounts payable 3,131,029 2,535,932
Accrued expenses 7,043,335 7,360,559
Long-term debt obligations and capital lease – current portion 2,675,800 7,720,764
Derivative liabilities 250,000 544,681
Total current liabilities 13,100,164 18,161,936
LONG-TERM LIABILITIES:    
Long-term debt and capital lease obligations 5,231,674 6,010,891
Long-term reclamation liability 5,424,410 4,597,156
Other liabilities 0 700,000
Total long-term liabilities 10,656,084 11,308,047
Total liabilities 23,756,248 29,469,983
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS’ EQUITY:    
Common stock, $.000666 par value, 3,950,000,000 shares authorized, 70,188,937 and 48,466,267 shares issued and outstanding at December 31, 2013 and 2012, respectively 46,746 32,279
Additional paid-in capital 199,167,304 175,985,559
Accumulated deficit (178,970,335) (157,623,315)
Total stockholders’ equity 20,243,748 18,394,562
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 43,999,996 47,864,545
7.5% Series A-1 Convertible Preferred Stock
   
STOCKHOLDERS’ EQUITY:    
Convertible Preferred Stock 16 16
7.5% Series A-2 Convertible Preferred Stock
   
STOCKHOLDERS’ EQUITY:    
Convertible Preferred Stock 1 4
7.5% Series B Convertible Preferred Stock
   
STOCKHOLDERS’ EQUITY:    
Convertible Preferred Stock $ 16 $ 19