XML 62 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Goldrich Mining Company Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:    
Net loss $ (1,953,383)us-gaap_NetIncomeLoss $ (1,940,121)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 156,485us-gaap_DepreciationAndAmortization 256,995us-gaap_DepreciationAndAmortization
Loss on disposal of equipment and mining property 1,464us-gaap_GainLossOnSaleOfOtherAssets 13,658us-gaap_GainLossOnSaleOfOtherAssets
Stock based compensation 143,075us-gaap_ShareBasedCompensation 58,975us-gaap_ShareBasedCompensation
Gain on extinguishment of debt (165,662)us-gaap_GainsLossesOnExtinguishmentOfDebt  
Amortization of discount on note receivable   (7,591)us-gaap_OtherDepreciationAndAmortization
Amortization of discount on note payable and notes payable in gold 142,120fil_AmortizationOfDiscountOnNotePayableAndNotesPayableInGold 93,825fil_AmortizationOfDiscountOnNotePayableAndNotesPayableInGold
Amortization of deferred financing costs 40,097us-gaap_AmortizationOfFinancingCosts 20,510us-gaap_AmortizationOfFinancingCosts
Accretion of asset retirement obligation 11,432us-gaap_AssetRetirementObligationAccretionExpense 10,996us-gaap_AssetRetirementObligationAccretionExpense
Change in:    
Prepaid expenses (11,356)us-gaap_IncreaseDecreaseInPrepaidExpense 1,552us-gaap_IncreaseDecreaseInPrepaidExpense
Gold inventory (68,656)us-gaap_IncreaseDecreaseInInventories  
Other current assets (6,277)us-gaap_IncreaseDecreaseInOtherCurrentAssets 12us-gaap_IncreaseDecreaseInOtherCurrentAssets
Accounts payable and accrued liabilities (330,231)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 209,802us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Related party deferred compensation (115,000)us-gaap_IncreaseDecreaseInDueToRelatedParties 58,500us-gaap_IncreaseDecreaseInDueToRelatedParties
Related party payable 44,765us-gaap_IncreaseDecreaseInNotesPayableRelatedPartiesCurrent 12,816us-gaap_IncreaseDecreaseInNotesPayableRelatedPartiesCurrent
Accrued remediation costs 578,000fil_IncreasseDecreaseAccruedRemediationCosts 300,000fil_IncreasseDecreaseAccruedRemediationCosts
Net cash used - operating activities (1,533,127)us-gaap_NetCashProvidedByUsedInOperatingActivities (910,071)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Payment on a receivable for equipment sale   332,067us-gaap_PaymentsToAcquireOtherReceivables
Proceeds from the sale of equipment   250us-gaap_ProceedsFromSaleOfMachineryAndEquipment
Purchases of equipment (1,711)us-gaap_PaymentsToAcquireMachineryAndEquipment  
Net cash provided (used) - investing activities (1,711)us-gaap_NetCashProvidedByUsedInInvestingActivities 332,317us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Payments on related party debt   (21,000)us-gaap_RepaymentsOfRelatedPartyDebt
Payments on notes payable in gold (62,642)us-gaap_RepaymentsOfNotesPayable  
Purchases of gold to satisfy notes payable in gold (15,000)us-gaap_RepaymentsOfOtherDebt  
Proceeds from issuance of common stock and warrants, net of offering costs 1,371,023us-gaap_ProceedsFromIssuanceOfCommonStock  
Proceeds from issuance of notes payable in gold, net   571,352us-gaap_ProceedsFromIssuanceOfSecuredDebt
Proceeds from issuance of note payable with warrants 285,000fil_ProceedsFromIssuanceOfNotePayableWithWarrants  
Proceeds from issuance of preferred stock 200,000us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock  
Financing costs of note payable (54,511)us-gaap_PaymentsOfFinancingCosts  
Net cash provided - financing activities 1,723,870us-gaap_NetCashProvidedByUsedInFinancingActivities 550,352us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase (decrease) in cash and cash equivalents 189,032us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (27,402)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 16,993us-gaap_CashAndCashEquivalentsAtCarryingValue 44,395us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year 206,025us-gaap_CashAndCashEquivalentsAtCarryingValue 16,993us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flow information:    
Cash paid for interest 47,413us-gaap_InterestPaid  
Non-cash investing and financing activities:    
Warrants issued with notes payable 41,795fil_WarrantsIssuedWithNotesPayable 7,590fil_WarrantsIssuedWithNotesPayable
Payment received from receivable from equipment sale   284,629fil_PaymentReceivedFromReceivableFromEquipmentSale
Beneficial conversion feature on preferred stock 50,000fil_BeneficialConversionFeatureOnPreferredStock  
Warrants issued with preferred stock $ 92,242us-gaap_StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants