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6. Notes Payable: Schedule of Debt (Tables) | 12 Months Ended
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Dec. 31, 2015
Tables/Schedules |
Schedule of Debt |
At December 31, 2015 and 2014 notes payable are as follows | 2015 | 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, monthly payments of $459 | $ | 42,726 | $ | 46,337
Property, 15 month note payable, 5% interest per annum, collateralized by property, one remaining payment of $175,000, elimination upon cancellation of deed of trust |  | - |  | 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, collateralized by property, monthly payments of $1,124 |  | 105,196 |  | 107,336
Tailings pump, 36 month note payable, 17.53% interest per annum, collateralized by pump, monthly payments of $3,268 |  | 76,097 |  |
Mineral property, 10 quarterly payments, 0.0% interest rate discounted at 10%, collateralized by property, quarterly payments of $125,000 |  | 1,125,000 |  |
Total notes payable |  | 1,349,019 |  | 328,673
Due within one year |  | 572,806 |  | 180,385
Due after one year | $ | 776,213 | $ | 148,288

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- References No definition available. + Details
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