SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Property Plant And Equipment Estimated Useful Lives [Table Text Block]

Property and equipment are carried at cost net of accumulated depreciation and amortization. Depreciation and amortization are computed on the straight-line method over the estimated useful lives of the assets, or the life of the lease, whichever is shorter, as follows:

	Estimated
	Useful Life (years)
Building and Building Improvements	5 – 40
Mining equipment	2 – 7
Office and shop furniture and equipment	3 – 7
Vehicles	5

Schedule of Change in Accounting Estimate [Table Text Block]

As a result of applying the new lease standard using a modified retrospective method, the following adjustments were made to accounts on the consolidated balance sheet as of January 1, 2019:

	Impact of Change in Accounting Policy
	As reported December 31, 2018		Adjustments			Adjusted January 1, 2019
Operating lease right-of-use assets	$	-	$	325,255		$	325,255
Total assets		4,136,978		325,255			4,462,233
Current portion of operating lease liabilities		-		92,396			92,396
Total current liabilities		1,430,323		92,396			1,522,719
Long-term operating lease liabilities		-		241,808			241,808
Deferred rent		8,949		(8,949	)		-
Total long-term liabilities		36,825,341		232,859			37,058,200
Total liabilities		38,255,664		325,255			38,580,919

Schedule of Modified Retrospective Method For Lease on Condensed Balance Sheet [Table Text Block]

As a result of applying ASU 2017-11 using a modified retrospective method, the following adjustments were made to accounts on the consolidated balance sheet as of January 1, 2019:

	Impact of Change in Accounting Policy
	As reported on December 31, 2018			Adjustments			Adjusted as of January 1, 2019
PIK Note payable, net	$	35,036,320		$	6,730,468		$	41,766,788
PIK Note derivative		1,780,072			(1,780,072	)		-
Total Long-Term Liabilities		36,825,341			4,950,396			41,775,737
Total liabilities		38,255,664			4,950,396			43,206,060
Accumulated deficit during the exploration stage		(87,810,354	)		(4,950,396	)		(92,760,750	)
Total stockholders’ deficit	$	(34,118,686	)	$	(4,950,396	)	$	(39,069,082	)