Notes Payable - Equipment (Tables)

3 Months Ended

Mar. 31, 2016

Notes Payable Equipment [Abstract]

Schedule of the equipment notes payable

	March 31,  2016			December 31, 2015
Note payable to Komatsu Financial, collateralized by a Komatsu Telehandler lift, due in 48 monthly installments of $2,441 including interest at 4.99%.	$	90,096			91,080
Note payable to CAT Financial, collateralized by five pieces of used mining equipment, including three haul trucks, a loader and a grader, due in 36 monthly installments of $49,242 including interest at 4.68%. Interest only payments during four months of each year increase the remaining payment amounts due to $82,096.		1,270,922			1,347,751
Note payable to HCE Funding, collateralized by a Perkins Elmer AA machine, due in one installment of $7,600 and 22 installments of $520, including interest at 5.00%.		3,974			5,472
Note payable to Komatsu Financial, collateralized by a Komatsu D275 dozer, due in one monthly installment of $21,000 and 47 monthly installments of $11,674 including interest at 2.99%.		369,503			388,055
Note payable to Komatsu Financial, collateralized by a Komatsu PC400 Excavator, due in 24 monthly installments of $1,647 including interest at 2.5%.		4,920			9,743
Note payable to Komatsu Financial, collateralized by a Komatsu PC400, due in 12 monthly installments of $3,223, beginning in April 2016, including interest at 1.16%.		38,674			38,674
Note payable to Star Capital, LLC collateralized by a 2009 Multiquip generator, due in 24 monthly installments of $1,412, beginning in March 2016, including interest at 11.4%.		28,992			-
		1,807,081			1,880,775
Current portion		(842,603	)		(803,388	)
Long Term portion	$	964,478		$	1,077,387

Schedule of principal payments

Principal payments are as follows for the twelve months ended March 31,
2017	$	842,603
2018		822,932
2019		131,879
2020		9,667
Total	$	1,807,081