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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES:    
Net income (loss) $ (9,099,380) $ (4,527,690)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation, amortization and depletion 4,643,513 5,789,517
Stock payments and stock-based compensation 18,900 152,431
Accretion of reclamation liability 139,334 192,880
(Gain)/Loss on sale of properties, plant, and equipment (357,037) 77,579
Amortization of debt discounts and issuance costs 182,471 464,391
Payment of interest expense and sales tax with common stock 299,379 0
Loss on payment of debt obligation with common stock 150,166 0
Net change in fair values of derivatives 0 (5,451)
Changes in operating assets and liabilities:    
Accounts receivable 1,677 322,406
Inventories 361,978 119,242
Stockpiles and mineralized material on leach pads 981,937 1,037,984
Prepaid expenses and other current assets (271,687) (654,724)
Other assets 0 19,411
Accounts payable (48,301) (650,075)
Accrued expenses and other liabilities (238,144) (1,909,098)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (3,235,194) 428,803
INVESTING ACTIVITIES:    
Proceeds from sale of properties, plant and equipment 3,277,011 117,065
Purchase of mineral rights and properties, plant and equipment (150,325) (4,861,914)
Decrease/(increase) in reclamation bond deposit 20,260 (100,000)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 3,146,946 (4,844,849)
FINANCING ACTIVITIES:    
Principal payments on long-term debt and capital lease obligations (5,648,610) (7,828,660)
Proceeds from long-term debt obligations 925,000 9,419,392
Proceeds from the issuance of common stock 4,180,944 0
Common stock issuance costs (585,703) 0
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (1,128,369) 1,590,732
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,216,617) (2,825,314)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,663,170 5,308,804
CASH AND CASH EQUIVALENTS, END OF PERIOD 446,553 2,483,490
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 321,405 995,292
Supplemental disclosure of non-cash investing and financing activities:    
Additions to reclamation liability and retirement obligation asset 0 659,295
Issuance of common stock for properties, plant and equipment 0 966,819
Issuance of common stock for settlement of long-term debt obligations 4,140,029 0
Dividends paid in common stock (par value) 0 7,887
Issuance of long-term debt obligations for purchase of mineral rights and properties, plant and equipment 3,200,000 2,046,745
Vested restricted common stock (par value) 36 40
Properties, plant and equipment purchases in accounts payable 0 24,268
Property transferred in satisfaction of accounts payable $ 1,100,000 $ 0