XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current Assets    
Cash $ 168,929 $ 669,560
Accounts receivable 135,674 67,557
Deposits and prepaid expenses 79,504 190,698
Total Current Assets 384,107 927,815
Land 500,000 500,000
Operating lease right-of-use asset 83,044 136,308
Finance lease right-of-use asset 48,545 0
Other Assets    
Deposits 336,260 336,184
Total Other Assets 336,260 336,184
TOTAL ASSETS 1,351,956 1,900,307
Current Liabilities    
Accounts payable and accrued liabilities 2,691,758 2,632,156
Paycheck Protection Program Loan 264,472 223,075
PIK Note interest accrual 364,295 365,121
Current portion of notes payable 33,270 133,081
Current portion of finance lease liabilities 11,639 0
Current portion of operating lease liabilities 85,965 111,236
Total Current Liabilities 3,451,399 3,464,669
Long-Term Liabilities    
PIK Notes payable, net of $884,683 and $1,082,988 debt discount, respectively 46,115,533 45,235,990
Deferred revenue 1,000,000 1,000,000
Finance lease liabilities 36,906 0
Operating lease liabilities 0 29,085
Total Long-Term Liabilities 47,152,439 46,265,075
TOTAL LIABILITIES 50,603,838 49,729,744
Stockholders' Deficit    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, and 176,136 and 128,000 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 176 128
Common stock, $0.001 par value, 700,000,000 shares authorized, and 195,105,088 and 183,938,549 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively (91,785,167 reserved in Treasury) 195,105 183,939
Additional paid-in capital 74,256,128 74,008,636
Accumulated deficit prior to the exploration stage (20,009,496) (20,009,496)
Accumulated deficit during the exploration stage (103,693,795) (102,012,644)
Total Stockholders' Deficit (49,251,882) (47,829,437)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 1,351,956 $ 1,900,307