XML 37 R25.htm IDEA: XBRL DOCUMENT v3.19.1
9. Debt (Tables)
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Long - Term Debt
Long-Term debt at March 31, 2019 and December 31, 2018 is as follows:   March 31,     December 31,  
    2019     2018  
Note payable to Zeo Inc., non interest bearing, payable in 11 quarterly installments of $8,300 with a final payment of $8,700; maturing December 2022; uncollateralized.   $ 100,000     $ 100,000  
                 
Note payable to Cat Financial Services, bearing interest at 6%; payable in monthly installments of $1,300; maturing August 2019; collateralized by equipment.     9,088       14,022  
                 
Note payable to Cat Financial Services, bearing interest at 6%; payable in monthly installments of $778; maturing December 2022; collateralized by equipment.     31,940       34,390  
                 
Note payable to De Lage Landen Financial Services, bearing interest at 3.51%; payable in monthly installments of $655; maturing September 2019; collateralized by equipment.     3,294       5,851  
                 
Note payable to De Lage Landen Financial Services, bearing interest at 3.51%; payable in monthly installments of $655; maturing December 2019; collateralized by equipment.     5,844       8,371  
               
Note payable to Phyllis Rice, bearing interest at 1%; payable in monthly installments of $2,000; originally maturing March 2015; collateralized by equipment.     9,146       12,146  
               
Obligation payable for Soyatal Mine, non-interest bearing, annual payments of $100,000 or $200,000 through 2020, net of discount of $19,156 and $23,321, respectively. In addition, the Company is deliquent on payments of $392,069 related to this loan.     623,913       639,747  
               
Obligation payable for Guadalupe Mine, non-interest bearing, annual payments from $60,000 to $149,078 through 2026, net of discount of $238,572 and $252,444, respectively. In addition, the Company is delinquent on payments of $32,539 related to this loan.     910,535       918,663  
      1,693,760       1,733,190  
Less current portion     (725,317 )     (705,460 )
Long-term portion   $ 968,443     $ 1,027,730  
Debt Outstanding
3 Months Ending March 31,   Principal Payment     Discount     Net  
2020   $ 791,908     $ (66,591 )   $ 725,317  
2021     264,928       (51,140 )     213,788  
2022     190,396       (40,765 )     149,631  
2023     182,996       (34,266 )     148,730  
2024     149,078       (27,378 )     121,700  
Thereafter     371,181       (36,587 )     334,594  
    $ 1,950,487     $ (256,727 )   $ 1,693,760