XML 53 R44.htm IDEA: XBRL DOCUMENT v2.4.1.9
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Schedule of Benefit for Income Taxes and Effective Income Tax Rate
The provision (benefit) for income taxes from continued operations for the years ended December 31, 2014, 2013 and 2012 consist of the following:
 
 
2014
 
2013
 
2012
Current:
 

 
 

 
 

Federal
$

 
$

 
$

 
 
 
 
 
 
Deferred:
 

 
 

 
 

Federal

 

 

 
 
 
 
 
 
Income taxes provision
$

 
$

 
$

 
 
 
 
 
 
Federal statutory rate
(34.0
)%
 
(34.0
)%
 
(34.0
)%
Change in valuation allowance
32.0
 %
 
32.0
 %
 
33.9
 %
Other
2.0
 %
 
2.0
 %
 
0.1
 %
 
 %
 
 %
 
 %
Schedule of Deferred Tax Assets
Deferred income taxes at December 31, 2014 and 2013 consisted of the following:
 
 
December 31, 2014
 
December 31, 2013
Asset retirement obligation
$
1,458,464

 
$
997,035

Mineral rights and properties, plant, and equipment
(747,474
)
 
(846,679
)
Mining exploration, development, claims, and permit costs
8,404,645

 
7,812,828

Derivatives - change in fair value
(39,722
)
 
30,600

Stock-based compensation

 
1,720,564

Net operating loss carryforward
49,441,098

 
45,411,753

Transaction costs
1,077,037

 
1,392,079

Other
198,039

 
194,145

Valuation allowance
(59,792,087
)
 
(56,712,325
)
Total net deferred tax assets
$

 
$