CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
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REVENUES | ||||
Total revenues | $ 32,281 | $ 26,960 | $ 83,946 | $ 73,624 |
COSTS AND EXPENSES | ||||
Mine claims and costs | (291,602) | 235,535 | (20,346) | 744,528 |
Environmental and reclamation | 88,612 | 152,075 | 208,866 | 669,390 |
General and administrative | 801,157 | 571,931 | 2,355,320 | 2,189,828 |
Total costs and expenses | 1,570,111 | 2,065,400 | 5,448,404 | 7,108,400 |
LOSS FROM OPERATIONS | (1,537,830) | (2,038,440) | (5,364,458) | (7,034,776) |
OTHER INCOME (EXPENSE) | ||||
Interest expense | (340,548) | (442,610) | (1,054,775) | (1,297,546) |
Other income (expense) | (166,732) | (15,961) | (526,113) | 128,409 |
Total other expense, net | (507,280) | (458,571) | (1,580,888) | (1,169,137) |
LOSS BEFORE INCOME TAXES | (2,045,110) | (2,497,011) | (6,945,346) | (8,203,913) |
INCOME TAXES | 0 | 0 | 0 | 0 |
NET LOSS | $ (2,045,110) | $ (2,497,011) | $ (6,945,346) | $ (8,203,913) |
Net loss per common share – basic (in dollars per share) | $ (0.03) | $ (0.06) | $ (0.13) | $ (0.21) |
Net loss per common share – diluted (in dollars per share) | $ (0.03) | $ (0.06) | $ (0.13) | $ (0.21) |
Weighted average common shares outstanding — basic (in shares) | 58,531,058 | 43,598,033 | 54,755,753 | 39,380,503 |
Weighted average common shares outstanding — diluted (in shares) | 58,531,058 | 43,598,033 | 54,755,753 | 39,380,503 |
Mining | ||||
REVENUES | ||||
Total revenues | $ 0 | $ 0 | $ 0 | $ 0 |
COSTS AND EXPENSES | ||||
Costs of goods and services sold | 717,155 | 846,443 | 2,174,618 | 2,663,188 |
Real Estate | ||||
REVENUES | ||||
Total revenues | 32,281 | 26,960 | 83,946 | 73,624 |
COSTS AND EXPENSES | ||||
Costs of goods and services sold | 12,887 | 19,396 | 29,858 | 59,342 |
Exploration and mine development | ||||
COSTS AND EXPENSES | ||||
Costs of goods and services sold | $ 241,902 | $ 240,020 | $ 700,088 | $ 782,124 |
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- Definition Costs of Mineral Rights No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The charge against earnings in the period for known or estimated future costs arising from requirements to perform environmental remediation activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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