XML 88 R40.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Schedule of Financial Information Relating to Reportable Operating Segments and Reconciliation to Condensed Consolidated Totals
Financial information relating to our reportable operating segments and reconciliation to the consolidated totals is as follows:
 
 
Year Ended
December 31,
 
2016
 
2015
 
2014
Revenues
 

 
 

 
 

Mining
$
4,944,627

 
$
18,245,633

 
$
24,736,929

Real estate
125,590

 
247,217

 
846,432

Total revenues
5,070,217

 
18,492,850

 
25,583,361

 
 
 
 
 
 
Cost and Expenses
 

 
 

 
 

Mining
$
(15,101,138
)
 
$
(30,575,729
)
 
$
(33,015,095
)
Real estate
(182,423
)
 
(342,634
)
 
(1,260,972
)
Total cost and expenses
(15,283,561
)
 
(30,918,363
)
 
(34,276,067
)
 
 
 
 
 
 
Operating Loss
 

 
 

 
 

Mining
$
(10,156,511
)
 
$
(12,330,096
)
 
$
(8,278,166
)
Real estate
(56,833
)
 
(95,417
)
 
(414,540
)
Total loss from operations
(10,213,344
)
 
(12,425,513
)
 
(8,692,706
)
Other expense, net
(2,751,360
)
 
1,971,086

 
(946,067
)
Net loss
$
(12,964,704
)
 
$
(10,454,427
)
 
$
(9,638,773
)
 
 
 
 
 
 
Capital Expenditures
 

 
 

 
 

Mining
$
340,491

 
$
7,478,782

 
$
6,475,782

Real estate
3,200,000

 
14,663

 
411,750

Total capital expenditures
$
3,540,491

 
$
7,493,445

 
$
6,887,532

 
 
 
 
 
 
Depreciation, Amortization and Depletion
 

 
 

 
 

Mining
$
5,763,293

 
$
7,607,677

 
$
6,744,008

Real estate
130,490

 
119,756

 
132,314

Total depreciation, amortization and depletion
$
5,893,783

 
$
7,727,433

 
$
6,876,322

 
 
As of December 31,
 
2016
 
2015
 
2014
Assets
 

 
 

 
 

Mining
$
27,829,802

 
$
41,886,124

 
$
45,029,258

Real estate
6,013,229

 
1,326,767

 
1,426,614

 
$
33,843,031

 
$
43,212,891

 
$
46,455,872