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Condensed Interim Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 1,166,356 $ 424,629
Accounts receivable 36,799 270,108
Inventories (NOTE 4 ) 3,903,664 4,673,189
Prepaid expenses and other current assets 49,113 45,983
TOTAL CURRENT ASSETS 5,155,932 5,413,909
INVENTORIES (NOTE 4 ) 843,868 1,081,425
PROPERTY AND EQUIPMENT, net (NOTE 5) 4,551,730 4,928,280
MINERAL PROPERTIES AND INTERESTS, net (NOTE 6) 3,616,493 3,679,652
RECLAMATION BONDS (NOTE 3) 1,036,172 947,116
TOTAL ASSETS 15,204,195 16,050,382
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 128,667 255,010
Royalties and upside participation payable (NOTE 7) 2,522,538 1,977,633
Accrued interest, prepaid forward gold contract 353,505 120,989
Accrued liabilities – officers and other wages (NOTE 11) 127,159 111,159
Notes payable, current portion (NOTE 8) 143,190 427,413
Settlement of consulting contract payable (NOTE 10) 200,000 200,000
Prepaid forward gold contract liability (NOTE 7) 8,262,715 10,263,438
Due to PDK in lieu of gold deliveries (NOTE 7) 9,231,500 5,771,000
TOTAL CURRENT LIABILITIES 20,969,274 19,126,642
LONG-TERM LIABILITIES    
Notes payable, net of current portion (NOTE 8)   116,098
Asset retirement obligation (NOTE 9) 1,429,365 1,362,294
TOTAL LONG-TERM LIABILITIES 1,429,365 1,478,392
TOTAL LIABILITIES 22,398,639 20,605,034
COMMITMENTS AND CONTINGENCIES (NOTES 3, 6 AND 12)
STOCKHOLDERS’ EQUITY (DEFICIT)    
Preferred Stock, $.001 par value; 10,000,000 shares authorized, none issued or outstanding
Common Stock, $.001 par value; 100,000,000 shares authorized; 26,831,603 and 26,831,603 shares issued and outstanding, respectively 26,833 26,833
Additional paid-in capital 9,666,275 9,666,275
Accumulated deficit (16,887,552) (14,247,760)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) (7,194,444) (4,554,652)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 15,204,195 $ 16,050,382