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14. Income Taxes | 12 Months Ended
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Dec. 31, 2015
Related Party Transactions [Abstract] |
Income Taxes | Domestic and foreign components of income (loss) from operations before income taxes for the years ended December 31, 2015 and 2014, are as follows:
|  | 2015 |  |  | 2014 |
Domestic |  | $ | 982,901 |  |  | $ | (345,293 | )
Foreign |  |  | (1,821,432 | ) |  |  | (1,250,162 | )
Total |  | $ | (838,531 | ) |  |  | (1,595,455 | )
At December 31, 2015 and 2014, the Company had net deferred tax assets as follows:
|  | 2015 |  |  | 2014 |
Deferred tax asset: |  |  |  |  |  |
Foreign exploration costs |  | $ | 87,494 |  |  |  | 127,936 |
Foreign net operating loss carry forward |  |  | 2,515,954 |  |  |  | 1,926,341 |
loss carry forward |  |  | 185,472 |  |  |  | 337,890 |
Deferred tax asset |  |  | 2,788,920 |  |  |  | 2,392,167 |
Valuation allowance (foreign) |  |  | (2,515,954 | ) |  |  | (1,926,341 | )
Valuation allowance (federal) |  |  | (90,220 | ) |  |  | (266,711 | )
Total deferred tax asset |  |  | 182,746 |  |  |  | 199,115 |
Deferred tax liability: |  |  |  |  |  |  |  |
Property, plant, and equipment |  |  | (181,224 | ) |  |  | (197,593 | )
Other |  |  | (1,522 | ) |  |  | (1,522 | )
Total deferred tax liability |  |  | (182,746 | ) |  |  | (199,115 | )
Net Deferred Tax Asset |  | $ | - |  |  | $ | - |
At December 31, 2015, the Company has United States net operating loss carry forwards of approximately $186,000 that expire at various dates between 2030 and 2035. In addition, the Company has Montana state net operating loss carry forwards of approximately $2,313,000 which expire between 2017 and 2022, and Idaho state net operating loss carry forwards of approximately $940,000, which expire between 2033 and 2035. The Company has approximately $8.4 million of Mexican net operating loss carry forwards which expire between 2022 and 2025. At December 31 2015 and 2014, the Company had deferred tax assets arising principally from net operating loss carry forwards for income tax purposes. As management cannot determine that it is more likely than not the benefit of the net deferred tax asset will be realized, a valuation allowance equal to 100% of the net deferred tax asset has been recorded at December 31, 2015 and 2014. The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax loss for the years ended December 31, 2015 and 2014, due to the following:
|  | 2015 |  |  | 2014 |
Computed expected tax provision (benefit) |  | $ | (293,486 | ) |  |  | 35 | % |  | $ | (558,409 | ) |  |  | 35 | %
State taxes |  |  | (32,283 | ) |  |  | 4 | % |  |  |  |  |  |  |  |
Foreign taxes |  |  | 91,072 |  |  |  | -11 | % |  |  | 62,508 |  |  |  | -4 | %
Other (1) |  |  | (178,414 | ) |  |  | 21 | % |  |  | (1,346,130 | ) |  |  | 84 | %
Change in valuation allowance U.S. |  |  | (176,502 | ) |  |  | 21 | % |  |  | 194,925 |  |  |  | -12 | %
Change in valuation allowance Foreign |  |  | 589,613 |  |  |  | -70 | % |  |  | 1,647,106 |  |  |  | -103 | %
Total |  | $ | (0 | ) |  |  | 0 | % |  | $ | (0 | ) |  | $ | 0 |
(1) In 2015 and 2014 there were revisions to estimates of foreign net operating loss carry forwards and adjsutments made based upon the US Income tax return filed. |
During the year ended December 31, 2015, Mexican Tax authorities (‘SAT’) initiated an audit of the Company's Mexican subsidiary’s return for the year ended December 31, 2013. Management has reviewed its tax positions and does not believe it is reasonably possible that its unrecognized tax benefits would materially change in the next twelve months. If an issue addressed during the SAT audit is resolved in a manner inconsistent with management expectations, the Company would adjust its net operating loss carryforward, or accrue any penalties, interest, and tax associated with the audit. The audit is expected to be complete during 2016. During the years ended December 31, 2015 and 2014, there were no material uncertain tax positions taken by the Company. The Company United States income tax filings are subject to examination for the years 2013 through 2015, and 2011 and 2015 in Mexico. In the event that the Company is assessed penalties and or interest, penalties will be charged to other operating expense and interest will be charged to interest expense.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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