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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended
--- | ---
Mar. 31, 2016 | Mar. 31, 2015
REVENUES |  |
Revenue - Mining | $ 1,980,764 | $ 5,927,174
Revenue - real estate | 39,757 | 110,243
Total revenues | 2,020,521 | 6,037,417
COST AND EXPENSES |  |
Costs applicable to mining revenue | 1,415,921 | 3,717,911
Real estate operating costs | 52,429 | 200,027
Exploration and mine development | 2,627,592 | 603,194
Mine claims and costs | 296,433 | 421,065
Environmental and reclamation | 372,696 | 623,154
General and administrative | 1,085,108 | 2,145,234
Total cost and expenses | 5,850,179 | 7,710,585
LOSS FROM OPERATIONS | (3,829,658) | (1,673,168)
OTHER INCOME (EXPENSE) |  |
Interest expense | (553,605) | (223,673)
Other income (expense), net | 331,868 | 3,185,955
Total other income (expense), net | (221,737) | 2,962,282
NET INCOME (LOSS) BEFORE INCOME TAXES | (4,051,395) | 1,289,114
INCOME TAXES | 0 | 0
NET INCOME (LOSS) | (4,051,395) | 1,289,114
DIVIDENDS ON CONVERTIBLE PREFERRED STOCK |  | (898,832)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS | $ (4,051,395) | $ 390,282
Net income (loss) per common share – basic (in dollars per share) | $ (0.02) | $ 0.01
Net income (loss) per common share – diluted (in dollars per share) | $ (0.02) | $ 0.01
Weighted average common shares outstanding — basic | 162,851,273 | 82,492,914
Weighted average common shares outstanding — diluted | 162,851,273 | 136,101,769

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