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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 56,650 $ 27,987
Certificates of deposit 252,954 252,298
Accounts receivable 438,391 362,579
Inventories 755,261 914,709
Note receivable - sale of land 400,000 0
Other current assets 0 4,697
Total current assets 1,903,256 1,562,270
Properties, plants and equipment, net 15,227,172 15,132,897
Restricted cash for reclamation bonds 57,247 63,345
IVA receivable and other assets 369,448 372,742
Total assets 17,557,123 17,131,254
Current liabilities:    
Checks issued and payable 46,482 28,248
Accounts payable 1,926,320 2,276,357
Due to factor 16,524 10,880
Accrued payroll, taxes and interest 159,037 185,283
Other accrued liabilities 353,911 168,578
Payables to related party 93,567 22,668
Deferred revenue 32,400 60,049
Notes payable to bank 183,917 192,565
Income taxes payable (Note 14) 0 443,110
Long-term debt, current portion, net of discount 705,460 546,988
Total current liabilities 3,517,618 3,934,726
Long-term debt, net of discount and current portion 1,027,730 1,239,126
Hillgrove advances payable (Note 10) 1,134,221 1,134,221
Stock payable to directors for services 175,000 175,000
Asset retirement obligation and accrued reclamation costs 277,720 271,572
Total liabilities 6,132,289 6,754,645
Commitments and contingencies (Note 4, 10 and 16)
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 $930,000 and $922,500 respectively) 7,500 7,500
Series C: 177,904 shares issued and outstanding (liquidation preference $97,847 both years) 1,779 1,779
Series D: 1,751,005 shares issued and outstanding (liquidation preference $5,002,470 and $4,961,324 respectively) 17,509 17,509
Common stock, $0.01 par value, 90,000,000 shares authorized; 68,227,171 and 67,488,153 shares issued and outstanding, respectively 682,271 674,881
Additional paid-in capital 36,406,874 36,239,264
Accumulated deficit (25,691,099) (26,564,324)
Total stockholders' equity 11,424,834 10,376,609
Total liabilities and stockholders' equity $ 17,557,123 $ 17,131,254