XML 66 R27.htm IDEA: XBRL DOCUMENT v3.2.0.727
9. Notes Payable: Schedule of Debt (Tables)
6 Months Ended
Jun. 30, 2015
Tables/Schedules  
Schedule of Debt

 

At June 30, 2015 and December 31, 2014 notes payable are as follows

June 30,

 2015

December 31, 2014

Property with shop 36 month note payable, 4.91% interest rate payable monthly, remaining principal of note due in one payment at end of term in June 2016, monthly payments of $474

$

44,552

$

46,337

Property, 15 month note payable, 5% interest per annum, collateralized by property, one remaining payment of $175,000

 

175,000

 

175,000

Property 120 month note payable, 11.0% interest rate payable monthly, remaining principal of note due in one payment at end of term in March 2021, collateralized by property, monthly payments of $1,122

 

106,472

 

107,336

Tailings pump, 35 month note payable, 17.5% interest rate payable monthly, monthly payments of $3,268, collateralized by equipment

 

89,052

 

 

Total notes payable

$

415,076

$

328,673