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Note 9 - Property & Equipment (Tables)
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment [Table Text Block]

The table below sets forth the book value by type of fixed asset as well as the estimated useful life:

 

Asset Type

 

Estimated
Useful Life

 

June 30, 2024

 

 

December 31, 2023

 

Mineral properties

 

N/A - Units of Production

 

$

11,700,726

 

 

$

11,700,726

 

Land

 

Not Depreciated

 

 

87,737

 

 

 

87,737

 

Buildings and improvements (years)

 

20 - 39

 

 

1,455,546

 

 

 

1,455,546

 

Machinery and equipment (years)

 

3 - 10

 

 

295,471

 

 

 

287,635

 

Vehicles (years)

 

5

 

 

135,862

 

 

 

135,862

 

Computer and office equipment (years)

 

5

 

 

22,902

 

 

 

23,571

 

Furniture & fixtures (years)

 

5

 

 

2,270

 

 

 

2,270

 

Less: Accumulated depreciation and amortization

 

 

 

 

(298,856

)

 

 

(244,864

)

Less: Accumulated impairment

 

 

 

 

(122,136

)

 

 

(122,136

)

Property & Equipment, net

 

 

 

$

13,279,522

 

 

$

13,326,347