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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 72,167 $ 47,652
Accounts receivable 17,870 27,265
Deposits and prepaid expenses 149,602 205,922
Total Current Assets 239,639 280,839
Property and Equipment, net 2,479,247 2,802,391
Other Assets - Deposits 216,863 240,934
TOTAL ASSETS 2,935,749 3,324,164
Current Liabilities    
Accounts payable and accrued liabilities 970,580 963,609
PIK Note interest accrual 318,464 57,334
Current portion of notes payable 118,252 212,134
Total Current Liabilities 1,407,296 1,233,077
Long-Term Liabilities    
PIK Notes payable, net of $7,542,091 and $9,755,832 debt discount, respectively 35,520,026 33,244,605
PIK Note derivative 10,227,191 2,047,264
Total Long-Term Liabilities 45,747,217 35,291,869
TOTAL LIABILITIES 47,154,513 36,524,946
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, 400,000,000 shares authorized, 150,388,549 and 140,763,549 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively 150,389 140,764
Additional paid-in capital 72,200,686 71,152,311
Accumulated deficit prior to the exploration stage (20,009,496) (20,009,496)
Accumulated deficit during the exploration stage (96,560,343) (84,484,361)
Total Stockholders’ (Deficit) (44,218,764) (33,200,782)
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) $ 2,935,749 $ 3,324,164