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8. Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2014
Debt Disclosure [Abstract]  
Long - Term Debt
Long-Term debt at March 31, 2014 and December 31, 2013, is as follows:   March 31.     December 31,  
    2014     2013  
             
             
Note payable to BMT Leasing, bearing interest at 6.9%; payable in monthly installments of $3,555; maturing December 2014; collateralized by equipment.   $ 16,029     $ -  
                 
Note payable to Thermo Fisher Financial Co., bearing interest at 8.54%; payable in monthly installments of $2,792; maturing December 2013; collateralized by equipment.     -       5,583  
                 
Note payable to Stearns Bank, bearing interest at 6.9%; payable in monthly installments of $3,555; maturing December 2014; collateralized by equipment.     34,459       41,117  
                 
Note payable to Western States Equipment Co., bearing interest at 6.15%; payable in monthly installments of $2,032; maturing June 2015; collateralized by equipment.     29,276       34,861  
                 
Note payable to Catepillar Financial, bearing interest at 5.95%; payable in monthly installments of $827; maturing September 2015; collateralized by equipment.     14,963       16,440  
                 
Note payable toDe Lage Landen Financial Services, bearing interest at 5.30%; payable in monthly installments of $549; maturing  March 2016; collateralized by equipment.     13,089       13,945  
                 
Note payable to Phyllis Rice, bearing interest at 1%; payable in monthly installments of $2,000; maturing March 2015; collateralized by equipment.     31,808       33,808  
                 
Note payable to De Lage Landen Financial Services, bearing interest at 5.12%; payable in monthly installments of $697; maturing December 2014; collateralized by equipment.     7,548       8,797  
                 
Note payable to Catepillar Financial, bearing interest at 6.15%; payable in monthly installments of $766; maturing August 2014; collateralized by equipment.     4,518       5,921  
                 
Note payable to De Lage Landen Financial Services, bearing interest at 5.28%; payable in monthly installments of $709; maturing June 2014; collateralized by equipment.     2,872       4,186  
                 
Obligation payable for Soyatal Mine, non-interest bearing, annual payments of $200,000  through 2019, net of discount of $212,048     762,541       762,541  
                 
Note payable to Robert Detwiler, a shareholder, bearing interest at 10.0%, due January 31, 2016; collateralized by equipment.     50,000          
                 
Note payable to Robert Detwiler, a shareholder, bearing interest at 10.0%, due January 2, 2015; collateralized by equipment.     80,000       82,000  
                 
Note payable to Betsy Detwiler, a shareholder, bearing interest at 10.0%, due January 2, 2015; monthly payments of $1,000;collateralized by equipment.     120,000       120,000  
      1,167,103       1,129,199  
Less current portion     (399,391 )     (126,984 )
Long-term portion   $ 767,712     $ 1,002,215  

 

 

 

At March 31, 2014, principal payments on debt are due as follows:

 

Due by March 31,      
2015     399,391  
2016     119,032  
2017     60,952  
2018     139,199  
2019     172,962  
2020     183,339  
2021     92,228  
    $ 1,167,103