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7. Property, Plant, and Equipment

3 Months Ended

Mar. 31, 2016

Notes

7. Property, Plant, and Equipment

7.   Property, Plant, and Equipment

Property, plant and equipment at March 31, 2016 and December 31, 2015, consisted of the following:

		March 31, 2016		December 31, 2015
Mill
Mill land	$	225,289	$	225,289
Mill building		536,193		536,193
Milling equipment		4,209,440		4,209,440
		4,970,922		4,970,922
Less accumulated depreciation		(285,420)		(285,420)
Total mill		4,685,502		4,685,502
Building and equipment at cost		382,188		362,188
Less accumulated depreciation		(219,836)		(217,738)
Total building and equipment		162,352		144,450
Land
Bear Creek		196,204		196,204
Little Baldy		72,139		72,139
BOW		230,449		230,449
Eastern Star		250,817		250,817
Gillig		79,137		79,137
Highwater		40,133		40,133
Total Land		868,879		868,879
Total	$	5,716,733	$	5,698,831

In the three month period ended March 31, 2015 $3,852 of interest was capitalized for the mill expansion project. No interest was capitalized for the mill expansion in 2016.

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- References

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.13-14)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2921-110230

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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