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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 3,587,349 $ 1,663,170
Accounts receivable 155,448 24,642
Inventories (Note 2) 202,613 450,951
Stockpiles and mineralized material on leach pads (Note 2) 800,073 1,322,211
Prepaid expenses and other current assets (Note 3) 2,777,889 2,188,053
Total current assets 7,523,372 5,649,027
MINERAL RIGHTS AND PROPERTIES, Net 7,205,081 7,205,081
PROPERTIES, PLANT AND EQUIPMENT, Net (Note 4) 24,372,631 26,596,859
RECLAMATION BOND DEPOSIT 2,622,544 2,642,804
RETIREMENT OBLIGATION ASSET (Note 5) 899,621 1,107,120
OTHER ASSETS 12,000 12,000
TOTAL ASSETS 42,635,249 43,212,891
CURRENT LIABILITIES:    
Accounts payable 3,270,111 1,964,371
Accrued expenses (Note 6) 1,089,571 1,639,526
Long-term debt and capital lease obligations – current portion (Note 7) 6,398,794 8,538,336
Total current liabilities 10,758,476 12,142,233
LONG-TERM LIABILITIES:    
Long-term debt and capital lease obligations (Note 7) 4,440,255 4,759,213
Long-term reclamation liability (Note 5) 6,874,013 6,827,568
Other liabilities 708,884 724,407
Total long-term liabilities 12,023,152 12,311,188
Total liabilities $ 22,781,628 $ 24,453,421
COMMITMENTS AND CONTINGENCIES (Note 11)
STOCKHOLDERS’ EQUITY:    
Common stock, $.000666 par value, 3,950,000,000 shares authorized, 175,167,711 and 159,917,711 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively $ 116,662 $ 106,505
Additional paid-in capital 222,851,889 217,716,500
Accumulated deficit (203,114,930) (199,063,535)
Total stockholders’ equity 19,853,621 18,759,470
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 42,635,249 $ 43,212,891