XML 49 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Mining rights
6 Months Ended
Jun. 30, 2014
Mineral Industries Disclosures [Abstract]  
Mineral Industries Disclosures [Text Block]

As of June 30, 2014 and December 31, 2013, the Company had the following in Mining Rights:

 

   

June 30,

2014

   

December 31,

2013

 
             
Dodge Mines     433,000     $ 433,000  
Mining Development Cost     83,350       -  
Less amortization and accretion expense     -       -  
                 
Total Mining Rights   $ 516,350     $ 433,000  

 

As an exploration stage company which has yet to receive any revenue it is the assertion of management that to deplete the value of the mining rights or the recognize accretion cost as well as the amortization of the mining development cost would not fairly match the associated cost with revenue streams.  These costs will be matched pro-rata with sales using the unit-of-production method.

 

On January 6, 2014, MAB-Z completed the process to acquire the mineral and metal rights to 110 hectares (272 acres) contiguous with Dodge Mines.