XML 14 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Balance Sheets - USD ($)
Mar. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash $ 41,510 $ 132,509
Accounts Receivable 89,834
Inventories (Note 4) 2,666,439 $ 2,553,807
Prepaid expenses and other current assets 37,647 45,752
Total Current Assets 2,835,430 2,732,068
PROPERTY AND EQUIPMENT, net (Note 5) 4,632,808 4,584,394
MINERAL PROPERTIES AND INTERESTS, net (Note 6) 1,287,983 1,314,006
RECLAMATION BONDS 1,418,547 1,418,070
TOTAL ASSETS 10,174,768 10,048,538
CURRENT LIABILITIES    
Accounts payable and accrued expenses 751,179 754,064
Accrued liabilities-officer wages (Note 13) 353,885 308,885
Interest payable (Note 7) 120,000 97,500
Interest payable - related party (Note 9) 5,732,846 5,230,779
Convertible debt (Note 7) 600,000 600,000
Notes payable - equipment (Note 8) 842,603 803,388
Note payable - related party (Note 9) 13,590,492 13,040,492
Total Current Liabilities 21,991,005 20,835,108
LONG-TERM LIABILITIES    
Asset retirement obligation (Note 11) 919,725 901,597
Notes payable - equipment (Note 8) 964,478 1,077,387
Total Long-Term Liabilities 1,884,203 1,978,984
TOTAL LIABILITIES $ 23,875,208 $ 22,814,092
COMMITMENTS (Note 13)
STOCKHOLDERS' (DEFICIT) (Note 3)    
Common stock, $0.001 par value, 100,000,000 shares authorized; 13,356,603 shares issued and outstanding $ 13,228 $ 13,228
Additional paid-in capital 9,120,018 9,120,018
Accumulated deficit (22,835,268) (21,900,382)
Total Stockholders' (Deficit) (13,700,440) (12,765,554)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) 10,174,768 10,048,538
Series A Preferred Stock    
STOCKHOLDERS' (DEFICIT) (Note 3)    
Preferred Stock, $0.001 par value, 10,000,000 shares authorized $ 958 $ 958
Series A-1 Preferred Stock    
STOCKHOLDERS' (DEFICIT) (Note 3)    
Preferred Stock, $0.001 par value, 10,000,000 shares authorized
Series A-2 Preferred Stock    
STOCKHOLDERS' (DEFICIT) (Note 3)    
Preferred Stock, $0.001 par value, 10,000,000 shares authorized $ 180 $ 180
Series B Preferred Stock    
STOCKHOLDERS' (DEFICIT) (Note 3)    
Preferred Stock, $0.001 par value, 10,000,000 shares authorized $ 444 $ 444