XML 15 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
ASSETS  
Cash and cash equivalents$ 511,070$ 448,861
Accounts receivable, less allowance for doubtful accounts of $7,600371,120745,418
Inventories1,242,326143,291
Other receivable279,1930
Other current assets106,45118,255
Deferred tax asset471,074493,000
Total current assets2,981,2341,848,825
Properties, plants and equipment, net5,621,5793,845,000
Restricted cash for reclamation bonds74,32074,311
Other assets94,76794,766
Total assets8,771,9005,862,902
LIABILITIES AND STOCKHOLDERS' EQUITY  
Accounts payable1,127,649410,242
Accrued payroll, taxes and interest78,20190,503
Other accrued liabilities183,804220,128
Payables to related parties46,21818,060
Long-term debt, current84,01245,389
Total current liabilities1,519,884784,322
Long-term debt, noncurrent173,19782,407
Accrued reclamation and remediation costs, noncurrent107,500107,500
Total liabilities1,800,581974,229
Stockholders' equity:  
Preferred stock $0.01 par value, 10,000,000 shares authorized:Series A: no shares issued and outstanding00
Preferred stock $0.01 par value, 10,000,000 shares authorized:Series B: 750,000 shares issued and outstanding(liquidation preference $870,000)7,5007,500
Preferred stock $0.01 par value, 10,000,000 shares authorized:Series C: 177,904 shares issued and outstanding(liquidation preference $97,847)1,7791,779
Preferred stock $0.01 par value, 10,000,000 shares authorized:Series D: 1,751,005 shares issued and outstanding(liquidation preference and cumulative dividends of $4,673,284)17,50917,509
Common stock, $0.01 par vaue, 60,000,000 shares authorized;59,349,300 and 56,307,382 shares issued and outstanding, respectively593,492563,073
Stock subscriptions receivable0(82,563)
Additional paid-in capital25,635,12924,505,331
Accumulated deficit(19,284,090)(20,123,956)
Total stockholders' equity6,971,3194,888,673
Total liabilities and stockholders' equity$ 8,771,900$ 5,862,902