XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 5,883 $ 3,762
Prepaid expenses 63,329 107,883
Total current assets 69,212 111,645
Mineral interests:    
Mineral interests 626,428 626,428
Total mineral interests 626,428 626,428
Other assets:    
Investment in CGL LLC 25,000 25,000
Total other assets 25,000 25,000
Total assets 720,640 763,073
Current liabilities:    
Accounts payable and accrued liabilities 1,931,786 1,857,927
Interest payable 790,699 674,800
Interest payable – related party 1,838,386 1,531,199
Related party payable 1,130,173 1,017,403
Notes payable 1,088,421 1,088,421
Notes payable – related party 4,094,737 4,064,211
Notes payable in gold 484,755 481,780
Dividends payable on preferred stock 30,618 30,618
Total current liabilities 11,389,575 10,746,359
Long-term liabilities:    
Subscription payable 40,000 40,000
Remediation and asset retirement obligation 272,050 268,677
Total long-term liabilities 312,050 308,677
Total liabilities 11,701,625 11,055,036
Stockholders’ deficit:    
Convertible preferred stock series F; no par value, 300 shares authorized, 153 and 153 shares issued and outstanding, $50,000 liquidation preference
Common stock; $0.10 par value, 750,000,000 shares authorized; 185,448,412 and 179,787,595 issued and outstanding, respectively 18,544,841 17,978,760
Additional paid-in capital 10,447,652 10,880,576
Accumulated deficit (40,244,653) (39,422,474)
Total stockholders’ deficit (10,980,985) (10,291,963)
Total liabilities and stockholders’ deficit 720,640 763,073
Series A Preferred Stock [Member]    
Stockholders’ deficit:    
Convertible preferred stock series F; no par value, 300 shares authorized, 153 and 153 shares issued and outstanding, $50,000 liquidation preference 150,000 150,000
Series B Preferred Stock [Member]    
Stockholders’ deficit:    
Convertible preferred stock series F; no par value, 300 shares authorized, 153 and 153 shares issued and outstanding, $50,000 liquidation preference 57,758 57,758
Series C Preferred Stock [Member]    
Stockholders’ deficit:    
Convertible preferred stock series F; no par value, 300 shares authorized, 153 and 153 shares issued and outstanding, $50,000 liquidation preference 52,588 52,588
Series D Preferred Stock [Member]    
Stockholders’ deficit:    
Convertible preferred stock series F; no par value, 300 shares authorized, 153 and 153 shares issued and outstanding, $50,000 liquidation preference
Series E Preferred Stock [Member]    
Stockholders’ deficit:    
Convertible preferred stock series F; no par value, 300 shares authorized, 153 and 153 shares issued and outstanding, $50,000 liquidation preference 10,829 10,829
Series F Preferred Stock [Member]    
Stockholders’ deficit:    
Convertible preferred stock series F; no par value, 300 shares authorized, 153 and 153 shares issued and outstanding, $50,000 liquidation preference