XML 34 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Goldrich Mining Company(An Exploration Stage Company) Consolidated Balance Sheets (Interim period unaudited) (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 801,749 $ 16,993
Prepaid expenses 87,415 58,780
Deferred financing costs 46,386 23,632
Other current assets 52,819 52,819
Total current assets 988,369 152,224
Property, plant, equipment, and mining claims:    
Equipment, net of accumulated depreciation 172,892 273,550
Mining properties and claims 582,166 582,166
Total property, plant, equipment and mining claims 755,058 855,716
Other assets:    
Investment in joint venture 55,300 55,300
Total other assets 55,300 55,300
Total assets 1,798,727 1,063,240
Current liabilities:    
Accounts payable and accrued liabilities 345,460 516,178
Related party deferred compensation 40,000 115,000
Related party payable 89,155 115,894
Notes payable in gold, net 764,217 701,729
Dividend payable on preferred stock 22,083 22,083
Total current liabilities 1,260,915 1,470,884
Long-term liabilities:    
Note payable, net of discount 245,266  
Remediation liability and asset retirement obligation 641,566 635,850
Total long-term liabilities 886,832 635,850
Total liabilities 2,147,747 2,106,734
Stockholders' deficit:    
Preferred stock; no par value, 8,999,800 shares authorized; no shares issued or outstanding 0 0
Convertible preferred stock series A; 5% cumulative dividends, no par value, 1,000,000 shares authorized; 175,000 shares issued and outstanding, respectively, $350,000 liquidation preferences 175,000 175,000
Convertible preferred stock series B; no par value, 300 shares authorized, 200 shares issued and outstanding, $200,000 liquidation preference 57,758  
Common stock; $.10 par value, 200,000,000 shares authorized; 118,565,719 and 95,656,719 issued and outstanding, respectively 11,856,572 9,565,672
Additional paid-in capital 13,750,033 14,724,619
Deficit accumulated during the exploration stage (26,188,383) (25,508,785)
Total stockholders' deficit (349,020) (1,043,494)
Total liabilities and stockholders' deficit $ 1,798,727 $ 1,063,240