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9. Long-Term Debt | 12 Months Ended
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Dec. 31, 2014
Debt Disclosure [Abstract] |
Long - Term Debt |
Long-Term debt at December 31, 2014 and 2013, is as follows: |  |  |  |  |  |
|  | 2014 |  |  | 2013 |
Note payable to Wells Fargo Bank, bearing interest at 4%; payable in monthly installments of $477; maturing December 2016; collateralized by equipment. |  | $ | 10,245 |  |  | $ | - |
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 2015; collateralized by equipment. |  |  | - |  |  |  | 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. |  |  | 11,977 |  |  |  | 34,861 |
Note payable to BMT Leasing, bearing interest at 13.38%; payable in monthly installments of $786; maturing December 2015; collateralized by equipment. |  |  | 9,254 |  |  |  | - |
Note payable to Catepillar Financial, bearing interest at 5.95%; payable in monthly installments of $827; maturing September 2015; collateralized by equipment. |  |  | 8,051 |  |  |  | 16,440 |
Note payable to De Lage Landen Financial Services, bearing interest at 5.30%; payable in monthly installments of $549; maturing March 2016; collateralized by equipment. |  |  | 7,951 |  |  |  | 13,945 |
Note payable to Phyllis Rice, bearing interest at 1%; payable in monthly installments of $2,000; maturing March 2015; collateralized by equipment. |  |  | 18,146 |  |  |  | 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. |  |  | 689 |  |  |  | 8,797 |
Note payable to Catepillar Financial, bearing interest at 6.15%; payable in monthly installments of $766; maturing August 2014; collateralized by equipment. |  |  | - |  |  |  | 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. |  |  | - |  |  |  | 4,186 |
Obligation payable for Soyatal Mine, non-interest bearing, annual payments of $100,000 or $200,000 (see Note 8) through 2019, net of discount |  |  | 808,293 |  |  |  | 762,541 |
Note payable to Robert Detwiler, a shareholder, bearing interest at 10%, due January 2, 2015; collateralized by equipment. |  |  | - |  |  |  | 82,000 |
Note payable to Betsy Detwiler, a shareholder, bearing interest at 10%, due January 2, 2015; monthly payments of $1,000; |  |  | - |  |  |  | 120,000 |
|  |  | 874,606 |  |  |  | 1,129,199 |
Less current portion |  |  | (159,278 | ) |  |  | (126,984 | )
Long-term portion |  | $ | 715,328 |  |  | $ | 1,002,215 |
At December 31, 2014, principal payments on debt are due as follows:
Year Ending December 31, |  |  |
2015 |  |  | 159,278 |
2016 |  |  | 107,035 |
2017 |  |  | 100,000 |
2018 |  |  | 174,589 |
2019 |  |  | 200,000 |
2020 |  |  | 200,000 |
2021 |  |  | 100,000 |
Less remaining discount (see Note 8) |  |  | (166,296 | )
|  | $ | 874,606 |

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
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