XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 783,759 $ 1,203,048
Interest receivable 826 4,459
Prepaid expenses and deposits 328,728 335,201
Total current assets 1,113,313 1,542,708
PROPERTY AND EQUIPMENT:    
Buildings and leasehold improvements 836,454 836,454
Equipment 1,922,038 1,922,038
Office equipment 344,657 344,657
Total property and equipment, gross 3,103,149 3,103,149
Less accumulated depreciation 2,673,628 2,627,864
Total property and equipment, net 429,521 475,285
OTHER ASSETS:    
Available-for-sale securities 5,911 975
Reclamation deposits 1,184,966 1,184,966
Total other assets 1,190,877 1,185,941
Total assets 2,733,711 3,203,934
CURRENT LIABILITIES:    
Accounts payable 619,061 389,973
Payroll and payroll taxes payable 40,745 13,756
Dividends payable 1,299 52,890
Term loan payable 1,355,000  
Total current liabilities 2,016,105 456,619
LONG-TERM LIABILITIES:    
Asset retirement obligation 541,161 528,250
Total liabilities 2,557,266 984,869
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Preferred shares — no par value, 10,000,000 shares authorized; Series B 6% convertible preferred shares — $1,000 stated value, 3,093 and 3,526 shares issued and outstanding, respectively   3,526,000
Common shares — $0.001 par value, 100,000,000 shares authorized; 30,893,704 and 29,814,040 shares issued and outstanding, respectively 35,857 29,814
Additional paid-in capital 91,728,505 87,949,096
Accumulated deficit (91,582,663) (89,275,655)
Accumulated other comprehensive losses (5,254) (10,190)
Total stockholders' equity 176,445 2,219,065
Total liabilities and stockholders' equity $ 2,733,711 $ 3,203,934