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Consolidated Balance Sheets (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 2,376,701 $ 5,427
Certificates of deposit (Note 4) 242,800 0
Accounts receivable, less allowance for doubtful accounts of $4,031 and $7,600, respectively 491,735 1,438,564
Inventories 1,454,633 1,066,813
Other current assets 57,659 56,208
Deferred tax asset 470,869 396,558
Total current assets 5,094,397 2,963,570
Properties, plants and equipment, net 8,342,025 6,047,004
Restricted cash for reclamation bonds 74,782 74,777
Other assets 155,036 54,766
Total assets 13,666,240 9,140,117
Current liabilities:    
Checks issued and payable 0 113,908
Deferred revenue 31,668 43,760
Accounts payable 970,845 994,940
Due to factor 240,446 146,589
Accrued payroll, taxes and interest 93,105 141,928
Other accrued liabilities 32,434 119,292
Payables to related parties 13,382 331,978
Long-term debt, current 305,911 79,631
Total current liabilities 1,687,791 1,972,026
Long-term debt, noncurrent 136,993 158,218
Asset retirement and accrued reclamation costs 247,530 241,500
Total liabilities 2,072,314 2,371,744
Stockholders' equity:    
Preferred stock $0.01 par value, 10,000,000 shares authorized: Series A: no shares issued and outstanding 0 0
Series B: 750,000 shares issued and outstanding (liquidation preference $877,500) 7,500 7,500
Series C: 177,904 shares issued and outstanding (liquidation preference $97,847) 1,779 1,779
Series D: 1,751,005 shares issued and outstanding (liquidation preference and cumulative dividends of $4,714,433) 17,509 17,509
Common stock, $0.01 par vaue, 90,000,000 shares authorized; 61,786,822 and 59,349,300 shares issued and outstanding, respectively 617,868 593,492
Additional paid-in capital 30,723,895 25,635,129
Accumulated deficit (19,774,625) (19,487,036)
Total stockholders' equity 11,593,926 6,768,373
Total liabilities and stockholders' equity $ 13,666,240 $ 9,140,117