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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
REVENUES $ 1,409,019 $ 879,169
OPERATING EXPENSES:    
Production costs 1,658,661 1,245,776
Exploration costs 247,980 201,234
General and administrative 1,594,907 2,265,805
Total Operating Expenses 3,501,548 3,712,815
Operating Loss (2,092,529) (2,833,646)
OTHER INCOME (EXPENSE):    
Interest expense, net including amortization of deferred financing cost and debt discount (1,873,124) (1,809,397)
Other income, net 682,414 1,355,332
Total Other Income (Expense) (1,190,710) (454,065)
NET LOSS (3,283,239) (3,287,711)
Deemed dividend on convertible Preferred Stock Series B due to BCF (280,121) (81,836)
Net Loss Attributable to Common Shareholders $ (3,563,360) $ (3,369,547)
Net Loss Per Common Share -Basic and Diluted $ (0.02) $ (0.02)
Weighted Average Common Shares Outstanding – Basic and Diluted 197,513,183 176,642,306