XML 19 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 136,625 $ 488,657
Assets held for sale, Net (Note 2) 6,902,600 5,363,403
Prepaid expenses and other current assets (Note 3) 4,661,519 2,712,202
Total current assets 11,700,744 8,564,262
MINERAL RIGHTS AND PROPERTIES, Net 5,690,885 7,205,081
PROPERTIES, PLANT AND EQUIPMENT, Net (Note 4) 8,579,054 9,742,120
RECLAMATION BOND DEPOSIT 2,669,211 2,622,544
RETIREMENT OBLIGATION ASSET (Note 5) 169,395 203,274
INVESTMENT IN PREFERRED SHARES (Note 16) 4,995,000 0
OTHER ASSETS 383,693 274,444
TOTAL ASSETS 34,187,982 28,611,725
CURRENT LIABILITIES:    
Accounts payable 602,277 405,146
Accrued expenses and other liabilities (Note 6) 1,636,888 1,674,733
Deferred liabilities (Note 16) 8,045,000 0
Long-term debt– current portion (Note 7) 318,827 309,843
Total current liabilities 10,602,992 2,389,722
LONG-TERM LIABILITIES:    
Long-term debt (Note 7) 7,722,811 8,857,870
Long-term reclamation liability (Note 8) 7,042,493 7,441,091
Other liabilities 554,252 538,140
Total long-term liabilities 15,319,556 16,837,101
Total liabilities 25,922,548 19,226,823
COMMITMENTS AND CONTINGENCIES (Note 10)
STOCKHOLDERS’ EQUITY:    
Preferred Stock, $.000666 par value, 50,000,000 shares authorized; 1,274 and 0 shares issued and outstanding at June 30, 2019, and December 31, 2018, respectively 1 0
Common stock, $.000666 par value, 790,000,000 shares authorized, 85,500,000 and 75,338,273 shares issued and outstanding at June 30, 2019, and December 31, 2018, respectively 56,943 50,175
Additional paid-in capital 244,206,469 241,419,897
Accumulated deficit (235,997,979) (232,085,170)
Total stockholders’ equity 8,265,434 9,384,902
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 34,187,982 $ 28,611,725