XML 79 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
REVENUES      
Revenue - Mining $ 24,736,929us-gaap_GoldProductsAndServicesRevenue $ 24,103,013us-gaap_GoldProductsAndServicesRevenue $ 4,504,457us-gaap_GoldProductsAndServicesRevenue
Revenue - Hospitality 846,432us-gaap_RevenueFromLeasedAndOwnedHotels 723,574us-gaap_RevenueFromLeasedAndOwnedHotels 634,159us-gaap_RevenueFromLeasedAndOwnedHotels
Total revenues 25,583,361us-gaap_Revenues 24,826,587us-gaap_Revenues 5,138,616us-gaap_Revenues
COST AND EXPENSES      
Costs applicable to mining revenue 19,126,632us-gaap_CostOfGoldProductsAndServices 26,495,665us-gaap_CostOfGoldProductsAndServices 3,554,727us-gaap_CostOfGoldProductsAndServices
Hospitality operating costs 1,260,972us-gaap_DirectCostsOfHotels 1,117,225us-gaap_DirectCostsOfHotels 928,897us-gaap_DirectCostsOfHotels
Exploration and mine development 2,658,473us-gaap_ExplorationExpenseMining 3,012,790us-gaap_ExplorationExpenseMining 11,901,250us-gaap_ExplorationExpenseMining
Mine claims and costs 3,750,866lode_CostsofMineralRights 3,735,267lode_CostsofMineralRights 3,280,059lode_CostsofMineralRights
Environmental and reclamation 1,107,170lode_EnvironmentalandReclamationExpenseMining 1,756,935lode_EnvironmentalandReclamationExpenseMining 3,123,994lode_EnvironmentalandReclamationExpenseMining
General and administrative 6,371,954us-gaap_GeneralAndAdministrativeExpense 9,641,507us-gaap_GeneralAndAdministrativeExpense 12,669,323us-gaap_GeneralAndAdministrativeExpense
Total cost and expenses 34,276,067us-gaap_CostsAndExpenses 45,759,389us-gaap_CostsAndExpenses 35,458,250us-gaap_CostsAndExpenses
LOSS FROM OPERATIONS (8,692,706)us-gaap_OperatingIncomeLoss (20,932,802)us-gaap_OperatingIncomeLoss (30,319,634)us-gaap_OperatingIncomeLoss
OTHER INCOME (EXPENSE)      
Change in fair value of derivatives (963,169)us-gaap_UnrealizedGainLossOnDerivatives 454,681us-gaap_UnrealizedGainLossOnDerivatives 438,519us-gaap_UnrealizedGainLossOnDerivatives
Interest expense (997,112)us-gaap_InterestExpense (1,157,535)us-gaap_InterestExpense (929,837)us-gaap_InterestExpense
Interest and other income 1,014,214us-gaap_InvestmentIncomeInterest 2,101us-gaap_InvestmentIncomeInterest 48,679us-gaap_InvestmentIncomeInterest
Gain on settlement of debt obligations 0us-gaap_OtherNonoperatingIncomeExpense 286,535us-gaap_OtherNonoperatingIncomeExpense 0us-gaap_OtherNonoperatingIncomeExpense
Total other expense, net (946,067)us-gaap_NonoperatingIncomeExpense (414,218)us-gaap_NonoperatingIncomeExpense (442,639)us-gaap_NonoperatingIncomeExpense
NET LOSS (9,638,773)us-gaap_NetIncomeLoss (21,347,020)us-gaap_NetIncomeLoss (30,762,273)us-gaap_NetIncomeLoss
DIVIDENDS ON CONVERTIBLE PREFERRED STOCK (3,672,785)us-gaap_PreferredStockDividendsAndOtherAdjustments (4,016,705)us-gaap_PreferredStockDividendsAndOtherAdjustments (4,370,247)us-gaap_PreferredStockDividendsAndOtherAdjustments
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (13,311,558)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (25,363,725)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (35,132,520)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Net loss per common share - basic (in usd per share) $ (0.17)us-gaap_EarningsPerShareBasic $ (0.42)us-gaap_EarningsPerShareBasic $ (0.87)us-gaap_EarningsPerShareBasic
Net loss per common share - diluted (in usd per share) $ (0.17)us-gaap_EarningsPerShareDiluted $ (0.42)us-gaap_EarningsPerShareDiluted $ (0.87)us-gaap_EarningsPerShareDiluted
Weighted average common shares outstanding - basic (in shares) 78,586,266us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 60,580,742us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 40,497,098us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted average common shares outstanding - diluted (in shares) 78,586,266us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 60,580,742us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 40,497,098us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding