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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES $ 222,204 $ 45,102 $ 518,272 $ 384,565
OPERATING EXPENSES:        
Production costs 396,301 216,081 846,338 661,239
Exploration costs 56,909 49,062 144,588 126,658
General and administrative 501,178 705,847 1,936,301 2,636,528
Total Operating Expenses 954,388 970,990 2,927,227 3,424,425
Operating Loss (732,184) (925,888) (2,408,955) (3,039,860)
OTHER INCOME (EXPENSES):        
Interest expense, net (including amortization of deferred financing cost and debt discount) (463,462) (420,799) (1,363,330) (1,344,650)
Change in fair value (23,000) 0 (23,000) 0
Other income, net 54,855 596 1,355,205 2,963
Total Other Income (Expenses) (431,607) (420,203) (31,125) (1,341,687)
NET LOSS (1,163,791) (1,346,091) (2,440,080) (4,381,547)
Deemed dividend on Series B Convertible preferred stock (23,187) 0 (23,187) 0
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (1,186,978) $ (1,346,091) $ (2,463,267) $ (4,381,547)
Net Loss Per Common Share (Basic and Diluted) $ (0.01) $ (0.01) $ (0.01) $ (0.02)
Weighted Average Common Shares Outstanding (Basic and Diluted) 175,638,549 175,513,549 175,616,195 175,513,549