XML 39 R17.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Segment Reporting | 6 Months Ended
--- | ---
Jun. 30, 2016
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting Our management organizes the Company into two operating segments: mining and real estate. Our mining segment consists of all activities and expenditures associated with mining. Our real estate segment consists of land, real estate rental properties and the 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,
| 2016 |  | 2015 |  | 2016 |  | 2015
Revenue |  |  |  |  |  |  |
Mining | $ | 1,457,991 |  |  | $ | 5,442,027 |  |  | $ | 3,438,755 |  |  | $ | 11,369,201 |
Real estate | 33,285 |  |  | 46,264 |  |  | 73,042 |  |  | 156,507 |
Total revenue | 1,491,276 |  |  | 5,488,291 |  |  | 3,511,797 |  |  | 11,525,708 |
Cost and Expenses |  |  |  |  |  |  |
Mining | (3,667,279 | ) |  | (6,606,019 | ) |  | (9,465,029 | ) |  | (14,117,248 | )
Real estate | (92,324 | ) |  | (61,267 | ) |  | (144,753 | ) |  | (261,294 | )
Total cost and expenses | (3,759,603 | ) |  | (6,667,286 | ) |  | (9,609,782 | ) |  | (14,378,542 | )
Operating Loss |  |  |  |  |  |  |
Mining | (2,209,288 | ) |  | (1,163,992 | ) |  | (6,026,274 | ) |  | (2,748,047 | )
Real estate | (59,039 | ) |  | (15,003 | ) |  | (71,711 | ) |  | (104,787 | )
Total loss from operations | (2,268,327 | ) |  | (1,178,995 | ) |  | (6,097,985 | ) |  | (2,852,834 | )
Other income (expense), net | (586,457 | ) |  | (330,451 | ) |  | (808,194 | ) |  | 2,632,502 |
Net income (loss) | $ | (2,854,784 | ) |  | $ | (1,509,446 | ) |  | $ | (6,906,179 | ) |  | $ | (220,332 | )
Depreciation, Depletion and Amortization |  |  |  |  |  |  |
Mining | $ | 1,580,201 |  |  | $ | 1,890,467 |  |  | $ | 3,240,713 |  |  | $ | 3,780,575 |
Real estate | 82,345 |  |  | 32,120 |  |  | 114,465 |  |  | 55,517 |
Total depreciation, amortization and depletion | $ | 1,662,546 |  |  | $ | 1,922,587 |  |  | $ | 3,355,178 |  |  | $ | 3,836,092 |
Capital Expenditures |  |  |  |  |  |  |
Mining | $ | 156,815 |  |  | $ | 143,272 |  |  | $ | 334,840 |  |  | $ | 3,651,623 |
Real estate | 2,261,263 |  |  | — |  |  | 2,261,263 |  |  | 14,663 |
Total capital expenditures | $ | 2,418,078 |  |  | $ | 143,272 |  |  | $ | 2,596,103 |  |  | $ | 3,666,286 |
| As of June 30, |  | As of December 31,
| 2016 |  | 2015
Assets |  |  |
Mining | $ | 34,996,561 |  |  | $ | 41,886,124 |
Real estate | 2,838,107 |  |  | 1,326,767 |
Total assets | $ | 37,834,668 |  |  | $ | 43,212,891 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: 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=68060357&loc=d3e9038-108599 Reference 3: 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=68060357&loc=d3e8971-108599 Reference 4: 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=68060357&loc=d3e8595-108599 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=68060357&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 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: 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=68060357&loc=d3e8844-108599 Reference 8: 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=68060357&loc=d3e8984-108599 Reference 9: 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=68060357&loc=d3e9031-108599 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=68060357&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 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: 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=68060357&loc=d3e8864-108599 Reference 13: 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=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration