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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 0 $ 11,863
Accounts receivable 25,596 24,795
Inventories 2,526,071 2,533,192
Prepaid expenses and other assets 159,146 172,300
Total Current Assets 2,710,813 2,742,150
Property and Equipment, at cost:    
Property and equipment 49,634,502 49,634,502
Less accumulated depreciation, depletion and amortization (6,750,488) (6,648,074)
Net Property and Equipment 42,884,014 42,986,428
Other Assets:    
Deposits 5,593 123,579
Restricted marketable securities 686,476 686,476
Debt issuance costs, net of accumulated amortization 0 54,604
Stockpiles and ore on leach pads 3,812,074 4,412,151
Total Other Assets 4,504,143 5,276,810
Total Assets 50,098,970 51,005,388
Current Liabilities:    
Accounts payable 4,536,436 4,490,509
Accrued expenses 2,038,288 1,845,712
Accrued interest 9,513,037 8,478,396
Copper derivatives settlement payable 16,106,691 16,106,691
Current maturity of long-term debt 6,183,499 6,183,499
Current maturities of senior long-term debt 23,257,826 23,257,826
Other current liabilities 243,983 379,194
Total Current Liabilities 61,879,760 60,741,827
Long-Term Liabilities:    
Deferred revenue, less current portion 4,607,891 4,623,366
Accrued reclamation costs 3,709,642 3,597,968
Other long-term liabilities 6,135 6,136
Total Long-Term Liabilities 8,323,668 8,227,470
Total Liabilities 70,203,428 68,969,297
Stockholders' Deficit:    
Common stock: $.01 par value, 400,000,000 shares authorized, 113,279,325 and 112,488,604 shares issued and outstanding as of March 31, 2013 and December 31, 2012, respectively 1,132,794 1,124,887
Additional paid-in-capital 122,310,420 122,308,030
Accumulated deficit (143,547,672) (141,396,826)
Total Stockholders' Deficit (20,104,458) (17,963,909)
Total Liabilities and Stockholders' Deficit $ 50,098,970 $ 51,005,388