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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES        
Revenue - mining $ 0 $ 1,106,196 $ 0 $ 4,544,951
Revenue - real estate 26,960 28,599 73,624 101,641
Total revenues 26,960 1,134,795 73,624 4,646,592
COST AND EXPENSES        
Costs applicable to mining revenue 846,443 829,558 2,663,188 3,507,795
Real estate operating costs 19,396 31,367 59,342 176,120
Exploration and mine development 240,020 589,351 782,124 4,027,859
Mine claims and costs 235,535 358,886 744,528 929,196
Environmental and reclamation 152,075 296,493 669,390 1,026,427
General and administrative 571,931 696,586 2,189,828 2,744,626
Total cost and expenses 2,065,400 2,802,241 7,108,400 12,412,023
LOSS FROM OPERATIONS (2,038,440) (1,667,446) (7,034,776) (7,765,431)
OTHER INCOME (EXPENSE)        
Interest expense (442,610) (165,212) (1,297,546) (603,307)
Other income (expense), net (15,961) (360,543) 128,409 (730,642)
Total other expense, net (458,571) (525,755) (1,169,137) (1,333,949)
LOSS BEFORE INCOME TAXES (2,497,011) (2,193,201) (8,203,913) (9,099,380)
INCOME TAXES 0 0 0 0
NET LOSS $ (2,497,011) $ (2,193,201) $ (8,203,913) $ (9,099,380)
Net loss per common share – basic (in dollars per share) $ (0.01) $ (0.01) $ (0.04) $ (0.05)
Net loss per common share – diluted (in dollars per share) $ (0.01) $ (0.01) $ (0.04) $ (0.05)
Weighted average common shares outstanding, basic (in shares) 217,990,163 182,134,873 193,902,517 174,173,436
Weighted average common shares outstanding — diluted (in shares) 217,990,163 182,134,873 196,902,517 174,173,436