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Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 43,318 $ 133,543
Certificates of deposit 251,641 250,414
Accounts receivable, net of $4,031 allowance for doubtful accounts 520,117 422,673
Inventories (Note 3) 738,118 1,094,238
Other current assets 164,684 235,458
Total current assets 1,717,878 2,136,326
Properties, plants and equipment, net 15,879,575 16,030,333
Restricted cash for reclamation bonds 76,014 76,012
Other assets 32,520 17,530
Total assets 17,705,987 18,260,201
Current liabilities:    
Accounts payable 1,658,225 1,629,972
Due to factor 132,893 13,782
Accrued payroll, taxes and interest 225,462 221,446
Other accrued liabilities 184,434 141,545
Payables to related parties 42,676 32,396
Deferred revenue 78,730 78,730
Notes payable to bank 100,000 130,672
Foreign income tax payable (Note 12) 423,490
Long-term debt, current portion, net of discount 368,563 181,287
Total current liabilities 3,214,473 2,429,830
Long-term debt, net of discount and current portion 1,514,318 1,717,745
Hillgrove advances payable (Note 9) 1,145,158 1,254,846
Common stock payable to directors for services 112,500 137,500
Asset retirement obligations and accrued reclamation costs 264,418 260,327
Total liabilities 6,250,867 5,800,248
Stockholders' equity:    
Preferred stock $0.01 par value, 10,000,000 shares authorized: Series A: -0- shares issued and outstanding
Series B: 750,000 shares issued and outstanding (liquidation preference $909,375 and $907,500 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 $5,014,692 and $4,879,029 respectively) 17,509 17,509
Common stock, $0.01 par value, 90,000,000 shares authorized; 66,866,278 and 66,316,278 shares issued and outstanding, respectively 668,662 663,162
Additional paid-in capital 36,022,733 35,890,733
Accumulated deficit (25,263,063) (24,120,730)
Total stockholders' equity 11,455,120 12,459,953
Total liabilities and stockholders' equity $ 17,705,987 $ 18,260,201