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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating expenses:        
Mine preparation costs $ 5,397 $ 12,308 $ 14,227 $ 31,697
Exploration expense 3,276 8,012
Management fees and salaries 45,900 54,600 97,425 109,756
Professional services 22,729 32,099 60,940 80,497
General and administration 51,737 74,724 104,096 214,300
Office supplies and other 7,330 8,844 15,899 12,135
Directors’ fees 15,100 3,600 16,300
Mineral property maintenance 31,486 31,487 62,973 62,973
Arbitration costs (Note 3) 9,303 31,305 17,078 64,733
Total operating expenses 173,882 263,743 376,238 600,403
Other (income) expense:        
Change in fair value of notes payable in gold (33,389) 19,235 2,975 (33,202)
Interest expense and finance costs – related party 154,779 141,005 307,187 279,031
Interest expense and finance costs 62,116 61,736 135,779 120,075
Gain on forgiveness of CARES Act PPP loan (51,135) (51,135)
Total other (income) expense 183,506 170,841 445,941 314,769
Net loss 357,388 434,584 822,179 915,172
Preferred dividends 1,896 1,896 3,771 3,771
Net loss available to common stockholders $ 359,284 $ 436,480 $ 825,950 $ 918,943
Net loss per common share – basic and diluted $ (0.00) $ (0.00) $ (0.00) $ (0.01)
Weighted average common shares outstanding – basic and diluted 321,412,413 172,346,094 182,762,134 170,684,356