14. Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes Tables

Schedule of Components of Income Tax Expense (Benefit)

	2014		2013		2012
Federal
Current	$	-	$	-	$	-
Deferred		-		196,113		151,915
Total			$	196,113	$	151,915
State
Current	$	-	$	-	$	-
Deferred		-		33,338		15,192
Total			$	33,338	$	15,192
Foreign	$	-	$	-	$	-
Total provision	$	-	$	229,451	$	167,107

Domestic and foreign components of income (loss) from operations before income taxes

	2014			2013			2012
Domestic	$	(345,293	)	$	163,632		$	301,391
Foreign		(1,250,162	)		(1,575,351	)		(692,820	)
Total		(1,595,455	)		(1,411,719	)		(391,429	)

Deferred tax assets

	2014			2013			2012
Deferred tax asset:
Other	$	-		$	-		$	11,151
Foreign exploration costs		127,936			168,401			208,855
Foreign net operating loss carry forward		1,926,341			232,723			374,110
Foreign other		-			42,612			217,887
Federal and state net  operating
loss carry forward		337,890			35,424			39,824
Deferred tax asset		2,392,167			479,160			851,827
Valuation allowance (foreign)		(1,926,341	)		(279,235	)		(605,496	)
Valuation allowance (federal)		(266,711	)		(71,786	)		-
Total deferred tax asset		199,115			128,139			246,331
Deferred tax liability:
Property, plant, and equipment		(197,593	)		(128,139	)		(16,880	)
Other		(1,522	)
Total deferred tax liability		(199,115	)		(128,139	)		(16,880	)
Net Deferred Tax Asset	$	-		$	-		$	229,451

Schedule of Effective Income Tax Rate Reconciliation

Computed expected tax provision (benefit)	$	(558,409	)	-35.0	%	$	(494,102	)	-35.0	%	$	(137,000	)	-35.0	%
Foreign taxes		62,508		3.9	%		78,768		5.6	%		34,641		8.9	%
Other (1)		(1,346,130	)	-84.4	%		899,260		63.7	%		61,770		15.8	%
Change in valuation allowance U.S.		194,925		12.2	%		71,786		5.1	%		207,696		53.1	%
Change in valuation allowance Foreign		1,647,106		103.2	%
Release of valuation allowance Foreign							(326,261	)	-23.1	%		-		0.0	%
Total	$	-		-		$	229,451		16	%	$	167,107		42.7	%
(1) In 2014 and 2013 there were revisions to estimates of foreign net operating loss carry forwards.