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CONSOLIDATED STATEMENTS OF CHANGES IN CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES:      
Net Loss $ (10,454,427) $ (9,638,773) $ (21,347,020)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation, amortization and depletion 7,727,433 6,876,322 4,821,575
(Gain)/Loss on sale of properties, plant, and equipment (158,148) 45,499 0
Loss on disposal of mineral rights and properties, plant, and equipment 0 0 1,015,496
Gain on settlement of debt 0 0 (286,535)
Stock payments and stock-based compensation 443,036 1,875,792 3,271,511
Accretion of reclamation liability 259,573 343,717 295,484
Write down of inventories and stockpiles, mineralized material on leach pad 0 0 1,514,574
Amortization of debt discounts and issuance costs 566,723 621,196 818,780
Net change in fair values of derivatives 0 963,169 (454,681)
Changes in operating assets and liabilities:      
Accounts receivable 297,764 (307,777) (2,103,093)
Inventories (22,716) 163,726 (291,351)
Stockpiles and mineralized material on leach pads 420,842 (1,195,573) 2,580,929
Prepaid expenses and other current assets (158,523) (115,926) 26,851
Other assets 20,872 25,881 25,882
Accounts payable 38,891 (333,320) (200,431)
Accrued expenses (1,977,933) (1,744,638) 32,776
NET CASH USED IN OPERATING ACTIVITIES (2,996,613) (2,420,705) (10,279,253)
INVESTING ACTIVITIES:      
Purchase of mineral rights and properties, plant and equipment (5,770,715) (2,624,691) (5,990,941)
Proceeds from sale of mineral rights and properties, plant and equipment 754,040 150,415 596,820
Change in reclamation bond deposit (100,000) (800,000) (1,282,000)
NET CASH USED IN INVESTING ACTIVITIES (5,116,675) (3,274,276) (6,676,121)
FINANCING ACTIVITIES:      
Principal payments on long-term debt and capital lease obligations (10,855,345) (6,993,213) (4,898,744)
Proceeds from long-term debt obligations 9,419,392 4,626,289 0
Proceeds from the issuance of common stock 6,000,000 10,993,282 18,750,000
Common stock issuance costs (96,393) (32,019) (459,515)
NET CASH PROVIDED BY FINANCING ACTIVITIES 4,467,654 8,594,339 13,391,741
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (3,645,634) 2,899,358 (3,563,633)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 5,308,804 2,409,446 5,973,079
CASH AND CASH EQUIVALENTS, END OF YEAR 1,663,170 5,308,804 2,409,446
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for interest 1,099,306 736,320 349,390
Cash paid for income taxes 0 0 0
Supplemental disclosure of non-cash investing and financing      
Conversion of Series A-1, A-2 and Series B convertible preferred stock 35,723 612 5,443
Dividends paid in common stock (par value) 7,887 1,502 1,443
Issuance of common stock for properties, plant and equipment 1,024,790 1,014,957 0
Additions to reclamation liability and retirement obligation asset 659,295 140,573 531,770
Effective repurchase of common stock with issuance of long-term debt obligation 0 783,118 0
Reduction of derivative with issuance of long term debt obligation 0 1,170,000 0
Reclamation bond deposit included in accrued expenses and other liabilities 0 100,000 1,000,000
Settlement of long-term debt obligations from gold transfers 0 0 2,723,107
Settlement of long-term debt obligations through transfer of properties, plant and equipment 0 0 1,028,180
Properties, plant and equipment purchases in current liabilities 531,985 402,803 934,789
Issuance of common stock for long-term debt obligations payment      
Supplemental disclosure of non-cash investing and financing      
Issuance of stock 0 274,119 1,915,000
Issuance of Series A-1 convertible preferred stock for mineral lease capitalized in prepaid expenses      
Supplemental disclosure of non-cash investing and financing      
Issuance of stock 0 0 2,047,575
Issuance of long-term debt and capital lease obligations for purchase of mineral rights and properties, plant and equipment      
Supplemental disclosure of non-cash investing and financing      
Issuance of long-term debt $ 2,046,745 $ 3,730,163 $ 4,472,840