XML 31 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash Flows From Operating Activities:    
Net income (loss) $ (1,134,394) $ (1,309,200)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 968,888 999,737
Amortization of debt discount 93,450 70,590
Hillgrove advance earned credit 0 (120,329)
Accretion of asset retirement obligation 5,790 5,455
Common stock issued for services 0 54,000
Common stock payable for directors fees 175,000 168,750
Foreign exchange loss 32,600 0
Non-cash miscellaneous income (728) (1,595)
Change in:    
Accounts receivable 189,540 (129,446)
Inventories (59,072) 238,601
Other current assets 18,404 212,356
IVA receivable and other assets (58,539) (296,673)
Accounts payable 479,106 167,280
Accrued payroll, taxes and interest (28,412) (7,751)
Other accrued liabilities 45,610 (18,577)
Deferred revenues (18,681) 0
Income taxes payable 0 410,510
Payables to related parties 8,143 (17,871)
Net cash provided by operating activities 716,705 425,837
Cash Flows From Investing Activities:    
Redemption of reclamation bonds 0 12,810
Purchase of properties, plants and equipment (365,541) (595,839)
Net cash used by investing activities (365,541) (583,029)
Cash Flows From Financing Activities:    
Net proceeds (to) from factor (139,519) 136,617
Proceeds from notes payable to bank, net 25,248 36,645
Principal payments of long-term debt (211,529) (175,238)
Checks issued and payable (7,434) 35,682
Net cash provided by financing activities (333,234) 33,706
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 17,930 (123,486)
Cash and cash equivalents at beginning of year 10,057 133,543
Cash and cash equivalents at end of year 27,987 10,057
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid in cash (net of amount capitailzed) 14,632 14,694
Income taxes paid in cash 0 13,090
Noncash investing and financing activities:    
Properties, plants & equipment acquired with long-term debt 40,278 42,735
Imputed interest included in property, plant and equipment 0 26,796
Common stock payable issued to directors $ 168,750 $ 137,500