XML 20 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 488,657 $ 2,066,718
Assets held for sale, Net (Note 3) 5,363,403 5,363,403
Prepaid expenses and other current assets (Note 4) 2,712,202 301,387
Total current assets 8,564,262 7,731,508
MINERAL RIGHTS AND PROPERTIES, Net (Note 5) 7,205,081 7,205,081
PROPERTIES, PLANT AND EQUIPMENT, Net (Note 6) 9,742,120 12,781,733
RECLAMATION BOND DEPOSIT (Note 7) 2,622,544 2,622,544
RETIREMENT OBLIGATION ASSET (Note 8) 203,274 282,745
OTHER ASSETS 274,444 340,302
TOTAL ASSETS 28,611,725 30,963,913
CURRENT LIABILITIES:    
Accounts payable 405,146 321,302
Accrued expenses (Note 9) 1,674,733 496,651
Long-term debt – current portion (Note 10) 309,843 291,532
Total current liabilities 2,389,722 1,109,485
LONG-TERM LIABILITIES:    
Long-term debt (Note 10) 8,857,870 9,971,421
Long-term reclamation liability (Note 8) 7,441,091 7,417,680
Other liabilities 538,140 600,228
Total long-term liabilities 16,837,101 17,989,329
Total liabilities 19,226,823 19,098,814
COMMITMENTS AND CONTINGENCIES (Note 20)
STOCKHOLDERS’ EQUITY:    
Preferred Stock, $.000666 par value, 50,000,000 shares authorized, no shares issued 0 0
Common stock, $.000666 par value, 790,000,000 shares authorized, 75,338,273 and 47,236,103 shares issued and outstanding at December 31, 2018 and 2017, respectively 50,175 31,459
Additional paid-in capital 241,419,897 234,438,057
Accumulated deficit (232,085,170) (222,604,417)
Total stockholders’ equity 9,384,902 11,865,099
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 28,611,725 $ 30,963,913