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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 900,577 $ 1,803,131
Accounts receivable 264,457 176,205
Deposits and prepaid expenses $ 251,095 322,922
Other current receivables 94,647
Total Current Assets $ 1,416,129 2,396,905
Property and Equipment, net 4,937,849 5,206,825
Deposits 269,272 269,202
Assets Held for Sale 380,999 445,180
Total Other Assets 650,271 714,382
TOTAL ASSETS 7,004,249 8,318,112
Current Liabilities    
Accounts payable and accrued liabilities 1,649,528 1,623,152
Current portion of notes payable 128,168 210,429
Total Current Liabilities 1,777,696 1,833,581
Long-Term Liabilities    
Long-term portion of notes payable 28,135 33,688
PIK Notes payable, net of $17,084,480 and $17,572,885 debt discount, respectively 18,180,058 17,051,636
PIK Note derivative 3,104,942 5,138,857
Total Long-Term Liabilities 21,313,135 22,224,181
Total Liabilities $ 23,090,831 $ 24,057,762
Commitments and Contingencies (Note 10)
Stockholders’ (Deficit)    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 200,000,000 shares authorized, 97,286,772 and 97,144,736 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively $ 97,287 $ 97,145
Additional paid-in capital 66,296,699 66,106,631
Accumulated deficit prior to the exploration stage (20,009,496) (20,009,496)
Accumulated deficit during the exploration stage (62,471,072) (61,933,930)
Total Stockholders’ (Deficit) (16,086,582) (15,739,650)
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) $ 7,004,249 $ 8,318,112