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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 362,093 $ 1,049,880
Accounts receivable 101,506 364,952
Deposits and prepaid expenses 153,110 371,206
Other current receivables 0 16,801
Total Current Assets 616,709 1,802,839
Property and Equipment, net 3,456,733 4,075,176
Other Assets    
Deposits 200,663 200,524
Assets Held for Sale 0 1,000
Total Other Assets 200,663 201,524
TOTAL ASSETS 4,274,105 6,079,539
Current Liabilities    
Accounts payable and accrued liabilities 784,798 622,331
Accrued PIK Note interest 1,001,593 961,395
Current portion of notes payable 78,769 234,149
Total Current Liabilities 1,865,160 1,817,875
Long-Term Liabilities    
Long-term portion of notes payable 5,297 13,073
PIK Notes payable, net of $12,875,047 (2017) and $15,143,123 (2016) debt discount 27,288,028 23,040,093
PIK Note derivative 564,749 2,176,552
Total Long-Term Liabilities 27,858,074 25,229,718
Total Liabilities 29,723,234 27,047,593
Commitments and Contingencies (Note 10)
Stockholders’ Deficit    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.001 par value, 250,000,000 shares authorized, 108,813,549 and 108,613,549 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 108,814 108,614
Shares issuable – 50,000 shares of Common stock 50 0
Additional paid-in capital 68,629,091 68,506,530
Accumulated deficit prior to the exploration stage (20,009,496) (20,009,496)
Accumulated deficit during the exploration stage (74,177,588) (69,573,702)
Total Stockholders’ Deficit (25,449,129) (20,968,054)
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) $ 4,274,105 $ 6,079,539