XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 1,626 $ 1,199
Prepaid expenses 35,447 35,447
Total current assets 37,073 36,646
Mining and mineral rights 3,883,524 3,883,524
Total Assets 3,920,597 3,920,170
Current liabilities:    
Senior secured promissory note payable, related party 2,229,187 2,229,187
Promissory notes payable - related party 477,500 477,500
Convertible notes payable, including $584,608 and $219,597 from related parties at March 31, 2021 and December 31, 2020, respectively 684,608 319,597
Accrual for settlement of lawsuits 3,400,170 3,357,622
Accounts payable 1,354,122 1,400,631
Accrued interest - Related party $1,629,587 and $1,565,405 at March 31, 2021 and December 31, 2020 2,542,988 2,422,063
Total current liabilities 10,688,575 10,206,600
Commitments and Contingencies (Note 6)
Preferred stock, 50,000,000 shares authorized: Series A, $.001 par value, 10,000,000 shares issued and outstanding at March 31, 2021 and December 31, 2020 10,000,000 10,000,000
Shareholders’ deficit:    
Common stock, $0.001 par value, 500,000,000 shares authorized: 2,672,807 issued and outstanding at March 31, 2021 and December 31, 2020 2,673 2,673
Additional paid-in capital 88,061,299 88,061,299
Accumulated deficit (104,831,950) (104,350,402)
Total shareholders’ deficit (16,767,978) (16,286,430)
Total Liabilities and Shareholders’ deficit $ 3,920,597 $ 3,920,170