XML 36 R24.htm IDEA: XBRL DOCUMENT v3.2.0.727
8. Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Long - Term Debt
Long-Term debt at June 30, 2015 and December 31, 2014, is as follows:   June 30,     December 31,  
    2015     2014  
Note payable to  Wells Fargo Bank, bearing interest at 4%;            
payable in monthly installments of $477; maturing            
December 2016; collateralized by equipment.   $ 7,482     $ 10,245  
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  
Note payable to BMT Leasing, bearing interest                
at 13.38%; payable in monthly installments of $786; maturing                
December 2015; collateralized by equipment.     4,346       9,254  
Note payable to Catepillar Financial, bearing interest at 5.95%;                
payable in monthly installments of $827; maturing September 2015;                
collateralized by equipment.     3,243       8,051  
Note payable toDe Lage Landen Financial Services,                
bearing interest at 5.30%; payable in monthly installments of $549;                
maturing  March 2016; collateralized by equipment.     5,359       7,951  
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  
Note payable to Phyllis Rice, bearing interest                
at 1%; payable in monthly installments of $2,000; maturing                
March 2015; collateralized by equipment.     14,146       18,146  
Obligation payable for Soyatal Mine, non-interest bearing,                
annual payments of $100,000 or $200,000  through 2019, net of discount.     829,542       808,293  
      864,118 -   874,606  
Less current portion     (232,071 )     (159,278 )
Long-term portion   $ 632,047     $ 715,328  
Debt Outstanding
Year Ending June 30,      
2016   $ 232,071  
2017     102,321  
2018     174,589  
2019     200,000  
2020     155,137  
         
    $ 864,118