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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUE:        
Concentrate sales
EXPENSES:        
General project costs 525,796 796,345 773,537 961,975
Consulting 117,617 437,617
Exploration expense 71,154 71,154
Officers and directors fees 85,077 63,000 156,845 126,000
Legal and professional 59,600 55,442 152,121 84,142
General and administrative 82,988 62,383 109,597 601,674
Loss on disposal of equipment 51,950
Total Expenses 942,232 977,170 1,752,821 1,773,791
OPERATING LOSS (942,232) (977,170) (1,752,821) (1,773,791)
OTHER INCOME (EXPENSE)        
Gain on extinguishment of DMRJ debt (Note 12) 24,916,561
Interest and other income 57 119
Interest expense (7,359) (17,684) (7,488) (27,454)
Interest expense - related parties (36,547) (31,412) (499,264)
Loss on settlement of consulting contract (Note 14) (900,000)
Loss on settlement of redeemable stock (Note 19) (63,094)
Financing expense (28,663)
Total Other Income (Expense) (7,359) (54,174) (1,030,657) 24,389,962
INCOME (LOSS) BEFORE INCOME TAXES (949,591) (1,031,344) (2,783,478) 22,616,171
INCOME TAXES
NET INCOME (LOSS) (949,591) (1,031,344) (2,783,478) 22,616,171
DEEMED CAPITAL CONTRIBUTION ON EXTINGUISHMENT OF PREFERRED STOCK (NOTE 12) 4,068,720
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (949,591) $ (1,031,344) $ (2,783,478) $ 26,684,891
BASIC NET INCOME (LOSS) PER SHARE $ (0.04) $ (0.05) $ (0.11) $ 1.5
DILUTED NET INCOME (LOSS) PER SHARE $ (0.04) $ (0.05) $ (0.11) $ 1.27
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING-BASIC 26,631,603 20,276,658 24,534,918 17,737,680
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING-DILUTED 26,631,603 20,276,658 24,534,918 21,042,408