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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 5,603,713 $ 19,177,138
Accounts receivable 880,473 724,642
Total Inventories 2,089,194 2,720,811
Foreign tax receivable 4,434,958 9,355,863
Other current assets 1,137,162 1,145,501
Total current assets 14,145,500 33,123,955
Property and equipment (net of accumulated depreciation and amortization of $12,239 and $119,154) 103,034 0
Right-of-use assets, net 848,822 550,473
Mining concessions 4,132,678 4,132,678
Deferred tax asset, net 4,264,115 2,970,410
Foreign tax receivable 11,768,613 0
Other assets 175,588 165,396
TOTAL ASSETS 35,438,350 40,942,912
Current liabilities:    
Accounts payable 2,768,634 2,057,880
Accrued expenses 7,727,621 5,756,961
Customer advances 0 9,350,000
Derivative liabilities 1,797,341 2,172,417
Note payable 9,750,000 0
Current portion of operating lease payable 104,117 28,868
Installment notes payable 2,259,432 1,968,251
Total current liabilities 24,407,145 21,334,377
Operating lease payable, less current portion 825,762 558,914
Deferred tax liability 334,236  
Asset retirement obligation 198,468 0
TOTAL LIABILITES 25,765,611 21,893,291
TEMPORARY EQUITY    
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Common Stock, $0.01 par value, 40,000,000 and 40,000,000 shares authorized 23,371,708 and 22,246,654 issued and outstanding 233,717 222,467
Preferred rights 40,000 40,000
Additional paid-in-capital 61,509,032 56,889,031
Treasury stock, 37,180 and 12,180 shares at cost (95,023) (34,773)
Accumulated other comprehensive income 697,700 112,078
Accumulated deficit (58,570,167) (44,036,663)
TOTAL STOCKHOLDERS' EQUITY 3,815,259 13,192,141
TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY 35,438,350 40,942,912
Series C Senior Convertible Preferred Stock    
TEMPORARY EQUITY    
Senior Convertible Preferred Stock 4,337,480 4,337,480
Series D Senior Convertible Preferred Stock    
TEMPORARY EQUITY    
Senior Convertible Preferred Stock 1,520,000 1,520,000
Series A Preferred Stock    
STOCKHOLDERS' EQUITY    
Preferred Stock $ 0 $ 1