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Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 43,504 $ 56,650
Certificates of deposit 253,552 252,954
Accounts receivable, net 335,186 438,391
Inventories 887,648 755,261
Note receivable - sale of land 0 400,000
Total current assets 1,519,890 1,903,256
Properties, plants and equipment, net 15,316,467 15,227,172
Restricted cash for reclamation bonds 57,247 57,247
IVA receivable and other assets 403,466 369,448
Total assets 17,297,070 17,557,123
Current liabilities:    
Checks issued and payable 45,637 46,482
Accounts payable 2,045,402 1,926,320
Due to factor 5,440 16,524
Accrued payroll, taxes and interest 262,463 159,037
Other accrued liabilities 378,010 353,911
Payables to related party 247,731 93,567
Deferred revenue 32,400 32,400
Notes payable to bank 113,125 183,917
Long-term debt, current portion, net of discount 725,317 705,460
Total current liabilities 3,855,525 3,517,618
Long-term debt, net of discount and current portion 968,443 1,027,730
Hillgrove advances payable 1,134,221 1,134,221
Stock payable to directors for services 206,250 175,000
Asset retirement obligations and accrued reclamation costs 279,257 277,720
Total liabilities 6,443,696 6,132,289
Commitments and contingencies (Note 4, and 7)
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; 68,427,171 and 68,227,171 shares issued and outstanding, respectively 684,271 682,271
Additional paid-in capital 36,540,874 36,406,874
Accumulated deficit (26,398,559) (25,691,099)
Total stockholders' equity 10,853,374 11,424,834
Total liabilities and stockholders' equity $ 17,297,070 $ 17,557,123