XML 20 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES    
Revenue - mining   $ 1,980,764
Revenue - real estate $ 19,294 39,757
Total revenues 19,294 2,020,521
COST AND EXPENSES    
Costs applicable to mining revenue 902,404 1,415,921
Real estate operating costs 17,133 52,429
Exploration and mine development 270,967 2,627,592
Mine claims and costs 264,535 296,433
Environmental and reclamation 348,051 372,696
General and administrative 660,863 1,085,108
Total cost and expenses 2,463,953 5,850,179
LOSS FROM OPERATIONS (2,444,659) (3,829,658)
OTHER INCOME (EXPENSE)    
Interest expense (456,082) (553,605)
Other income (expense), net 126,561 331,868
Total other expense, net (329,521) (221,737)
NET LOSS BEFORE INCOME TAXES (2,774,180) (4,051,395)
INCOME TAXES 0 0
NET LOSS (2,774,180) (4,051,395)
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (2,774,180) $ (4,051,395)
Net loss per common share – basic (in dollars per share) $ (0.01) $ (0.02)
Net loss per common share – diluted (in dollars per share) $ (0.01) $ (0.02)
Weighted average common shares outstanding — basic 186,841,454 162,851,273
Weighted average common shares outstanding — diluted 186,841,454 162,851,273