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Balance Sheets (Unaudited) (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 314,278 $ 448,861
Accounts receivable, less allowance for doubtful accounts of $7,600 1,094,839 745,418
Inventories 764,849 143,291
Other current assets 42,025 18,255
Deferred tax asset 471,074 493,000
Total current assets 2,687,065 1,848,825
Properties, plants and equipment, net 5,009,162 3,845,000
Restricted cash for reclamation bonds 74,311 74,311
Other assets 99,949 94,766
Total assets 7,870,487 5,862,902
Current liabilities:    
Accounts payable 928,028 410,242
Accrued payroll, taxes and interest 103,342 90,503
Other accrued liabilities 175,798 220,128
Payables to related parties 42,263 18,060
Long-term debt, current 84,012 45,389
Total current liabilities 1,333,443 784,322
Long-term debt, noncurrent 185,926 82,407
Accrued reclamation and remediation costs, noncurrent 107,500 107,500
Total liabilities 1,626,869 974,229
Stockholders' equity:    
Preferred stock $0.01 par value, 10,000,000 shares authorized:Series A: no shares issued and outstanding 0 0
Preferred stock $0.01 par value, 10,000,000 shares authorized:Series B: 750,000 shares issued and outstanding(liquidation preference $870,000) 7,500 7,500
Preferred stock $0.01 par value, 10,000,000 shares authorized:Series C: 177,904 shares issued and outstanding(liquidation preference $97,847) 1,779 1,779
Preferred stock $0.01 par value, 10,000,000 shares authorized:Series D: 1,751,005 shares issued and outstanding(liquidation preference and cumulative dividends of $4,673,284) 17,509 17,509
Common stock, $0.01 par vaue, 60,000,000 shares authorized;59,349,300 and 56,307,382 shares issued and outstanding, respectively 593,492 563,073
Stock subscriptions receivable (22,655) (82,563)
Additional paid-in capital 25,638,159 24,505,331
Accumulated deficit (19,992,166) (20,123,956)
Total stockholders' equity 6,243,618 4,888,673
Total liabilities and stockholders' equity $ 7,870,487 $ 5,862,902