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7. Long-Term Debt
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Long - Term Debt

 

Long-Term debt at September 30, 2017 and December 31, 2016, is as follows:   September 30,     December 31,  
    2017     2016  
Note payable to First Security Bank, bearing interest at 6%;            
payable in monthly installments of $917; maturing            
September 2018; collateralized by equipment.   $ 10,660     $ 18,246  
Note payable to Cat Financial Services, bearing interest at 6%;                
payable in monthly installments of $1,300; maturing                
August 2019; collateralized by equipment.     30,545       40,556  
Note payable to Wells Fargo Bank, bearing interest at 4%;                
payable in monthly installments of $477; maturing                
December 2016; collateralized by equipment.     -       473  
Note payable to De Lage Landen Financial Services,                
bearing interest at 3.51%; payable in monthly installments of $655;                
maturing September 2019; collateralized by equipment.     14,567       20,581  
Note payable to De Lage Landen Financial Services,                
bearing interest at 3.51%; payable in monthly installments of $655;                
maturing December 2019; collateralized by equipment.     16,985       22,944  
Note payable to Phyllis Rice, bearing interest                
at 1%; payable in monthly installments of $2,000; maturing                
March 2015; collateralized by equipment.     14,146       14,146  
Obligation payable for Soyatal Mine, non-interest bearing,                
 annual payments of $100,000 or $200,000 through 2019, net of discount.     731,862       776,319  
Obligation payable for Guadalupe Mine, non-interest bearing,                
 annual payments from $60,000 to $149,078 through 2026, net of discount.     959,350       970,651  
      1,778,115       1,863,916  
Less current portion     (495,134 )     (391,046 )
Long-term portion   $ 1,282,981     $ 1,472,870  

 

 

 

Year Ending September 30,          
2018     495,134      
2019     307,810      
2020     215,795      
2021     128,742      
2022     111,467      
Thereafter     519,167      
    $ 1,778,115