Revenue Recognition

12 Months Ended

Dec. 31, 2019

Revenue Recognition and Deferred Revenue [Abstract]

REVENUE RECOGNITION

NOTE 18 – REVENUE RECOGNITION

Product sales for the years ended December 31, 2019 and 2018 are shown below. At December 31, 2019 and December 31, 2018, the Company did not have a gold sales receivable balance.

	Year ended December 31,
	2019			2018
Gold	$	1,010,080		$	248,344
Silver		11,928			3,060
Less: Royalties and participation payments		(125,591	)		(13,159	)
Other charges		(7,106	)		(8,776	)
Total	$	889,311		$	229,469

For the year ended December 31, 2019, all revenue was from sales to Asahi Refining. For the year ended December 31, 2018, all revenue was from sales to H&H Metals Corp.