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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 133,543 $ 123,683
Certificates of deposit 250,414 249,147
Accounts receivable, net of $4,031 allowance for doubtful accounts 422,673 454,674
Inventories 1,094,238 1,433,539
Other current assets 235,458 42,626
Total current assets 2,136,326 2,303,669
Properties, plants and equipment, net 16,030,333 13,511,803
Restricted cash for reclamation bonds 76,012 75,754
Other assets 17,530 653,805
Total assets 18,260,201 16,545,031
Current liabilities:    
Accounts payable 1,629,972 1,821,673
Due to factor 13,782 13,314
Accrued payroll, taxes and interest 221,446 135,245
Other accrued liabilities 141,545 38,811
Payables to related parties 32,396 8,357
Deferred revenue 78,730 78,730
Notes payable to bank 130,672 0
Long-term debt, current 181,287 159,278
Total current liabilities 2,429,830 2,255,408
Long-term debt, net of discount and current portion 1,717,745 715,328
Hillgrove advances payable 1,254,846 198,571
Stock payable to directors for services 137,500 125,000
Asset retirement obligation and accrued reclamation costs 260,327 255,190
Total liabilities 5,800,248 $ 3,549,497
Commitments and contingencies (Note 4 and 16)  
Stockholders' equity:    
Preferred stock $0.01 par value, 10,000,000 shares authorized: Series A: -0- shares issued and outstanding 0 $ 0
Series B: 750,000 shares issued and outstanding (liquidation preference $900,000 and $892,500, respectively) 7,500 7,500
Series C: 177,904 shares issued and outstanding (liquidation preference $97,847 both years) 1,779 1,779
Series D: 1,751,005 shares issued and outstanding (liquidation preference $4,879,029 and $4,837,880, respectively) 17,509 17,509
Common stock, $0.01 par vaue, 90,000,000 shares authorized; 66,316,278 and 66,027,453 shares issued and outstanding, respectively 663,162 660,274
Additional paid-in capital 35,890,733 35,740,671
Notes receivable for stock sales 0 (150,000)
Accumulated deficit (24,120,730) (23,282,199)
Total stockholders' equity 12,459,953 12,995,534
Total liabilities and stockholders' equity $ 18,260,201 $ 16,545,031