XML 48 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 6 - Notes and Leases Payable - Summary of Note Payable (Details) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Note payable $ 118,252 $ 212,134
Less: Current Portion (118,252) (212,134)
Notes Payable, Long-Term Portion 0 0
Note Payable Mining Equipment [Member]    
Note payable [1] 9,210 13,073
Note Payable Insurance Company [Member]    
Note payable [2],[3] $ 109,042 $ 199,061
[1] On October 31, 2014, the Company purchased mining equipment for $65,120 by paying deposit and issuing a note in the amount of $57,900 with an interest rate of 5.2%. The note is collateralized by the mining equipment with payments of $1,339 for 48 months, which started on November 30, 2014.
[2] The Company signed a note payable with an insurance company dated October 17, 2016 for liability insurance, payable in monthly installments, including interest ranging from 2.6% - 4.15%
[3] The Company signed a note payable with an insurance company dated October 17, 2017 for liability insurance, payable in monthly installments, including interest ranging from 3.1% - 5.78%