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6. Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2012

These assets, with the exception of land which is not depreciable, are being depreciated over their remaining useful lives.

		December 31, 2012

Buildings	$	164,726
Furniture & fixtures		24,023
Vehicles		131,376
Mining equipment		423,453
Plants/property improvements		3,928,356
Computers		37,018
Lab equipment		65,675
Total fixed assets	$	4,774,626
Less depreciation		(126,810	)
Net fixed assets	$	4,647,816

Land	$	585,040
Congo right to use	$	360,000
Mining property	$	3,720,011
Net property and equipment	$	9,312,867

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References+ Details