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