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Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 24,550 $ 10,057
Certificates of deposit 252,298 251,641
Accounts receivable, net 541,284 552,119
Inventories 806,441 855,637
Other current assets 30,748 23,101
Total current assets 1,655,321 1,692,555
Properties, plants and equipment, net 15,417,160 15,695,966
Restricted cash for reclamation bonds 63,274 63,274
Foreign value added tax refund receivable 365,120 276,500
Other assets 32,520 37,703
Total assets 17,533,395 17,765,998
Current liabilities:    
Checks issued and payable 22,906 35,682
Accounts payable 1,864,415 1,797,251
Due to factor 170,870 150,399
Accrued payroll, taxes and interest 173,333 213,695
Other accrued liabilities 154,659 122,968
Payables to related parties 16,759 14,525
Deferred revenue 78,730 78,730
Notes payable to bank 192,144 167,317
Income taxes payable (Note 11) 462,152 410,510
Long-term debt, current portion, net of discount 462,524 391,046
Total current liabilities 3,598,492 3,382,123
Long-term debt, net of discount and current portion 1,341,780 1,472,869
Hillgrove advances payable (Note 8) 1,134,201 1,134,221
Common stock payable to directors for services 87,500 168,750
Asset retirement obligations and accrued reclamation costs 268,677 265,782
Total liabilities 6,430,650 6,423,745
Commitments and contingencies (Note 5 and 11)
Stockholders' equity:    
Preferred stock $0.01 par value, 10,000,000 shares authorized: Series A: -0- shares issued and outstanding 0 0
Series B: 750,000 shares issued and outstanding (liquidation preference $909,375 and $907,500 respectively) 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 $5,014,692 and $4,920,178 respectively) 17,509 17,509
Common stock, $0.01 par value, 90,000,000 shares authorized; 67,488,153 and 67,066,278 shares issued and outstanding, respectively 674,881 670,662
Additional paid-in capital 36,239,264 36,074,733
Accumulated deficit (25,838,188) (25,429,930)
Total stockholders' equity 11,102,745 11,342,253
Total liabilities and stockholders' equity $ 17,533,395 $ 17,765,998