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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
PIK Note Derivative Liability [Member]    
Long-Term Liabilities    
PIK Note derivative $ 3,636,469 $ 10,035,625
Cash and cash equivalents 3,710,045 10,701,666
Accounts receivable 37,017 112,831
Deposits and prepaid expenses 85,096 289,644
Total Current Assets 3,832,158 11,104,141
Property and Equipment, net 5,648,853 7,055,874
Deferred Financing Costs 23,125 28,750
Deposits 269,133 268,937
Asset Held for Sale 445,180 0
Total Other Assets 737,438 297,687
TOTAL ASSETS 10,218,449 18,457,702
Accounts payable and accrued liabilities 1,979,208 2,608,364
Current portion of notes payable 28,598 246,894
Total Current Liabilities 2,007,806 2,855,258
Long-term portion of notes payable 39,193 59,145
PIK notes payable, net of $17,745,140 and $18,400,297 debt discount, respectively 15,849,586 13,024,439
PIK Note derivative 3,636,469 10,035,625
Total Long-Term Liabilities 19,525,248 23,119,209
Total Liabilities 21,533,054 25,974,467
Stockholders’ Deficit    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized, 96,766,329 and 95,054,552 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively 96,766 95,055
Additional paid-in capital 65,857,303 64,526,469
Accumulated deficit prior to the exploration stage (20,009,496) (20,009,496)
Accumulated deficit during the exploration stage (57,259,178) (52,128,793)
Total Stockholders’ Deficit (11,314,605) (7,516,765)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 10,218,449 $ 18,457,702