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12. Related Party Transactions | 12 Months Ended
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Dec. 31, 2018
Notes |
12. Related Party Transactions | 12. Related Party Transactions At December 31, 2018 and 2017, the Company had the following notes and interest payable to related parties:
|  | December 31, 2018 |  | December 31, 2017
Mine Systems Design (“MSD”), a company in which our Company’s Vice President owns 10.4%, 12% interest, monthly payments of $4,910 through March 2019 | $ | 14,696 | $ | 68,299
John Swallow, Company president, 5% interest, monthly payments of $5,834 with balloon payment of $387,904 in February 2019 |  | - |  | 441,163
John Swallow, Company president, 5% interest, principal and interest due February 2019 |  | - |  | 192,677
Ophir Holdings LLC, a company owned by three of the Company’s Officers, 6% interest, monthly payments of $3,777 with a balloon payment of $183,559 in February 2020 |  | 222,131 |  | -
Margaret Bathgate, shareholder, 5% interest, principal and interest due January 2018 |  | - |  | 100,000
|  | 236,827 |  | 802,139
Accrued interest payable |  |  |  | 10,772
Total |  | 236,827 |  | 812,911
Current portion |  | 47,591 |  | 211,829
Long term portion | $ | 189,236 | $ | 601,082
Related party interest expense for the years ending December 31, 2018 and 2017 was $40,624 and $53,864, respectively. At December 31, 2018, $47,591 of related party debt is payable in 2019 and the remaining $189,236 is payable in 2020. On January 1, 2018, Ophir Holdings, LLC converted its gold forward contract (see Note 14) to a conventional debt structure at 6% interest. During the years ended December 31, 2018 and 2017, the Company paid $40,500 and $10,500, respectively, to the Company’s chairman of the board, Del Steiner for consulting purposes. As of December 31, 2018 and 2017, gold sales receivable from H&H Metals, who owns 4% of the Company’s outstanding common stock, were $74,673 and $307,796, respectively. Concentrate sales to H&H Metals were $3,305,731 and $4,200,211, during the years ended December 31, 2018 and 2017, respectively.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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