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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES $ 143,593 $ 218,936 $ 296,069 $ 339,463
OPERATING EXPENSES:        
Production costs 230,488 219,453 450,038 445,158
Exploration costs 42,045 43,829 87,679 77,596
General and administrative 800,187 1,118,111 1,435,122 1,930,681
Total Operating Expenses 1,072,720 1,381,393 1,972,839 2,453,435
Operating Loss (929,127) (1,162,457) (1,676,770) (2,113,972)
OTHER INCOME (EXPENSES):        
Interest expense, net (including amortization of deferred financing cost and debt discount) (454,281) (531,371) (899,868) (923,851)
Other income, net 94 953 1,300,349 2,367
Total Other Income (Expenses) (454,187) (530,418) 400,481 (921,484)
NET LOSS $ (1,383,314) $ (1,692,875) $ (1,276,289) $ (3,035,456)
Net Loss Per Common Share (Basic and Diluted) $ (0.01) $ (0.01) $ (0.01) $ (0.02)
Weighted Average Common Shares Outstanding (Basic and Diluted) 175,638,549 175,513,549 175,604,895 175,513,549