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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUE:        
Concentrate sales $ 103,195 $ 195,574 $ 103,195 $ 195,574
EXPENSES:        
General project costs 263,002 98,327 1,036,539 1,060,302
Consulting 437,617
Exploration expense 3,140 74,294
Officers and directors fees 84,096 63,000 240,941 189,000
Legal and professional 18,199 39,736 170,320 123,878
General and administrative 66,358 39,114 175,955 640,788
Loss on disposal of equipment 51,950
Total Expenses 434,795 240,177 2,187,616 2,013,968
OPERATING LOSS (331,600) (44,603) (2,084,421) (1,818,394)
OTHER INCOME (EXPENSE)        
Gain on extinguishment of DMRJ debt (Note 12) 24,916,561
Interest and other income 1,827 57 1,827 176
Interest expense (20,575) (11,649) (28,063) (39,103)
Interest expense - related parties (35,577) (31,412) (534,841)
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) (18,748) (47,169) (1,049,405) 24,342,793
INCOME (LOSS) BEFORE INCOME TAXES (350,348) (91,772) (3,133,826) 22,524,399
INCOME TAXES
NET INCOME (LOSS) (350,348) (91,772) (3,133,826) 22,524,399
DEEMED CAPITAL CONTRIBUTION ON EXTINGUISHMENT OF PREFERRED STOCK (NOTE 12) 4,068,720
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (350,348) $ (91,772) $ (3,133,826) $ 26,593,119
BASIC NET INCOME (LOSS) PER SHARE $ (0.01) $ 0 $ (0.12) $ 1.42
DILUTED NET INCOME (LOSS) PER SHARE $ (0.01) $ 0 $ (0.12) $ 1.2
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING-BASIC 26,631,603 20,581,603 25,241,493 18,696,072
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING-DILUTED 26,631,603 20,581,603 25,241,493 22,078,058