Asset Retirement Obligations

12 Months Ended

Dec. 31, 2014

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations

11. Asset Retirement Obligations

Following is a reconciliation of the aggregate reclamation liability associated with MAB-Z's reclamation plan for our mining projects:

	December 31,		December 31,
	2014		2013
Long-term reclamation liability — beginning of period	$	-	$	-
Additional obligations incurred		83,350		-
Accretion of reclamation liability		-		-
Long-term reclamation liability — end of period	$	83,350	$	-

Following is a reconciliation of the aggregate retirement obligation asset associated with our reclamation plan for our mining projects:

	December 31,		December 31,
	2014		2013
Retirement obligation asset — beginning of period	$	-	$	-
Additional obligations incurred		83,350		-
Amortization of retirement obligation asset		-		-
Retirement obligation asset — end of period	$	83,350	$	-

As fully described in Note 3, on December 28, 2014, the Company deconsolidated MAB-C, a VIE due to the fact that the Company no longer has the power to direct the activities that most significantly impact MAB-C’s economic performance.