SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of Asset Retirement Obligations

Balance at December 31, 2016	$	18,126,873
Accretion – six months June 30, 2017		841,767
Reclamation work – six months June 30, 2017		(278,907	)
Balance at June 30, 2017	$	18,689,733

McCoy [Member]

Schedule of assets acquired and liabilities assumed

Assets
Cash	$	2,935,800
Underground Mining Equipment		531,249
Surface Mining Equipment		36,218
Coal Preparation and Loading Facilities		58,681
Liabilities
Asset Retirement Obligation	$	3,561,848

ICG Knott County [Member]

Schedule of assets acquired and liabilities assumed

Assets
Cash	$	2,380,000
Underground Mining Equipment		1,533,937
Surface Mining Equipment		206,578
Land		178,683
Coal Preparation and Loading Facilities		200,236
Liabilities
Asset Retirement Obligation	$	4,499,434