XML 61 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]    
REVENUES $ 8,268,005 $ 9,034,403
COST OF REVENUES 9,084,256 9,032,860
GROSS PROFIT (LOSS) (816,251) 1,543
OPERATING EXPENSES (INCOME):    
General and administrative 665,924 795,833
Salaries and benefits 518,758 375,788
Gain on sale of land 0 (700,000)
Gain on plant acquisition (Note 11) 0 (1,500,000)
Loss on abandonment of mineral properties 1,410,736 0
Other operating expenses 88,347 119,076
Professional fees 245,091 363,810
TOTAL OPERATING EXPENSES (INCOME) 2,928,856 (545,493)
INCOME (LOSS) FROM OPERATIONS (3,745,107) 547,036
OTHER INCOME (EXPENSE):    
Gain on tax settlement 0 110,778
Interest expense (78,344) (99,970)
Other income (expense) 150,560 (16,951)
TOTAL OTHER INCOME (EXPENSE) 72,216 (6,143)
INCOME (LOSS) BEFORE INCOME TAXES (3,672,891) 540,893
INCOME TAX BENEFIT - CURRENT 0 332,332
NET INCOME (LOSS) (3,672,891) 873,225
Preferred dividends (48,649) (48,649)
Net income (loss) available to common shareholders $ (3,721,540) $ 824,576
Net income (loss) per share of common stock basic and diluted: $ (.05) $ 0.01
Weighted average shares outstanding basic 69,004,897 67,978,132
Weighted average shares outstanding diluted 69,004,897 68,097,924