XML 1015 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
REVENUES $ 2,444,677 $ 4,013,134
OPERATING EXPENSES:    
Production costs 2,173,732 2,282,805
Exploration costs 508,861 981,045
General and administrative 3,683,330 4,069,508
Depreciation expense 1,316,537 1,348,860
(Gain) from disposition of land 0 (108,764)
Total Operating Expenses 7,682,460 8,573,454
Operating Loss (5,237,783) (4,560,320)
OTHER INCOME (EXPENSE):    
Interest expense, net, including amortization of deferred financing cost and debt discount (9,923,430) (6,339,473)
Other income 22,277 30,978
Total Other Income (Expense) (9,672,876) (3,079,452)
Net loss $ (14,910,659) $ (7,639,772)
Net Loss Per Share (Basic and Diluted) (in dollars per share) $ (0.13) $ (0.07)
Weighted Average Shares Outstanding (Basic and Diluted) (in shares) 118,977,573 103,124,288
PIK Note Derivative Liability [Member]    
OTHER INCOME (EXPENSE):    
Gain on revaluation of PIK Note derivative $ 228,277 $ 3,229,043