XML 17 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
STATEMENT OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net income (loss) $ (2,284,370) $ (7,019,876)
Adjustments to reconcile net earnings (loss) to net cash (used in) operating activities:    
Issuance of common stock for services 519,228 8,928,984
Impairment of mining assets 360,000 $ 360,000
Issuance of common stock for compensation 689,128
Issuance of common stock for debt conversion 206,945
Issuance of common stock for legal award 1,335
Issuance of common stock from Treasury 4,000
Issuance of common stock for corporate development 490,000
Issuance of common stock for expense reimbursement 3,643
Issuance of common stock for consulting 46,250
Issuance of common stock for contract cancellations 726,700
Issuance of preferred stock for services 300
Increase (decrease) in operating assets and liabilities:    
Depreciation 67,722 $ 33,861
Accounts payable and accrued expenses (122,512) 62,424
Prepaid expenses (439,390) 17,500
Accrued compensation 22,000 (6,045,973)
Acquisition of fixed assets (12,944)  
Net cash (used in) operating activities (20,765) 379,815
Cash flows from financing activities:    
Payments of related party payable (6,428) (444,711)
Proceeds(payment) from notes payable (14,299) 68,500
Increase in directors loans payable 40,451  
Net cash provided by financing activities 19,724 (376,211)
Net increase (decrease) in cash and cash equivalents 3,604 $ 3,604
Cash and equivalents at beginning of period 3,604
Cash and equivalents at end of period $ 2,563 $ 3,604