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Segment Reporting | 6 Months Ended
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Jun. 30, 2014
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting Our management organizes the Company into two operating segments, mining and hospitality. Our mining segment consists of all activities and expenditures associated with mining. Our hospitality segment consists of hotel rooms, cottages, restaurant, bar and other services provided by Gold Hill Hotel. We evaluate the performance of our operating segments based on operating income (loss). All intercompany transactions have been eliminated, and intersegment revenues are not significant. Financial information relating to our reportable operating segments and reconciliation to the consolidated totals is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Revenue |  |  |  |  |  |  |
Mining | $ | 5,978,983 |  |  | $ | 6,811,516 |  |  | $ | 11,585,047 |  |  | $ | 10,479,438 |
Hospitality | 236,932 |  |  | 174,393 |  |  | 394,329 |  |  | 296,237 |
Total revenue | 6,215,915 |  |  | 6,985,909 |  |  | 11,979,376 |  |  | 10,775,675 |
Cost and Expenses |  |  |  |  |  |  |
Mining | (9,011,838 | ) |  | (12,360,332 | ) |  | (17,892,665 | ) |  | (21,681,917 | )
Hospitality | (304,846 | ) |  | (290,530 | ) |  | (591,145 | ) |  | (496,871 | )
Total cost and expenses | (9,316,684 | ) |  | (12,650,862 | ) |  | (18,483,810 | ) |  | (22,178,788 | )
Operating Income (Loss) |  |  |  |  |  |  |
Mining | (3,032,855 | ) |  | (5,548,816 | ) |  | (6,307,618 | ) |  | (11,202,479 | )
Hospitality | (67,914 | ) |  | (116,137 | ) |  | (196,816 | ) |  | (200,634 | )
Total loss from operations | (3,100,769 | ) |  | (5,664,953 | ) |  | (6,504,434 | ) |  | (11,403,113 | )
Other income (expense), net | (287,817 | ) |  | 140,629 |  |  | (709,132 | ) |  | 115,757 |
Net loss | $ | (3,388,586 | ) |  | $ | (5,524,324 | ) |  | $ | (7,213,566 | ) |  | $ | (11,287,356 | )
Depreciation, Depletion and Amortization |  |  |  |  |  |  |
Mining | $ | 1,629,530 |  |  | $ | 1,010,692 |  |  | $ | 3,234,179 |  |  | $ | 2,061,443 |
Hospitality | 29,293 |  |  | 32,418 |  |  | 64,954 |  |  | 64,836 |
Total depreciation, amortization and depletion | $ | 1,658,823 |  |  | $ | 1,043,110 |  |  | $ | 3,299,133 |  |  | $ | 2,126,279 |
Capital Expenditures |  |  |  |  |  |  |
Mining | $ | 231,285 |  |  | $ | 1,133,465 |  |  | $ | 2,091,127 |  |  | $ | 1,262,027 |
Hospitality | — |  |  | — |  |  | 83,477 |  |  | — |
Total capital expenditures | $ | 231,285 |  |  | $ | 1,133,465 |  |  | $ | 2,174,604 |  |  | $ | 1,262,027 |
| As of June 30, |  | As of December 31,
| 2014 |  | 2013
Assets |  |  |
Mining | $ | 51,548,469 |  |  | $ | 42,841,452 |
Hospitality | 1,164,824 |  |  | 1,158,544 |
| $ | 52,713,293 |  |  | $ | 43,999,996 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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