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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 823,724 $ 1,663,170
Accounts receivable   24,642
Inventories (Note 2) 151,379 450,951
Stockpiles and mineralized material on leach pads (Note 2) 343,543 1,322,211
Assets held for sale, Net (Note 4) 4,297,926 0
Prepaid expenses and other current assets (Note 3) 4,646,875 2,188,053
Total current assets 10,263,447 5,649,027
MINERAL RIGHTS AND PROPERTIES, Net 7,205,081 7,205,081
PROPERTIES, PLANT AND EQUIPMENT, Net (Note 4) 17,039,473 26,596,859
RECLAMATION BOND DEPOSIT 2,622,544 2,642,804
RETIREMENT OBLIGATION ASSET (Note 5) 692,123 1,107,120
OTHER ASSETS 12,000 12,000
TOTAL ASSETS 37,834,668 43,212,891
CURRENT LIABILITIES:    
Accounts payable 932,441 1,964,371
Accrued expenses (Note 6) 1,254,005 1,639,526
Long-term debt and capital lease obligations – current portion (Note 7) 6,498,515 8,538,336
Total current liabilities 8,684,961 12,142,233
LONG-TERM LIABILITIES:    
Long-term debt and capital lease obligations (Note 7) 2,069,920 4,759,213
Long-term reclamation liability (Note 5) 6,920,458 6,827,568
Other liabilities 693,359 724,407
Total long-term liabilities 9,683,737 12,311,188
Total liabilities 18,368,698 24,453,421
COMMITMENTS AND CONTINGENCIES (Note 11)
STOCKHOLDERS’ EQUITY:    
Common stock, $.000666 par value, 3,950,000,000 shares authorized, 182,125,752 and 159,917,711 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 121,296 106,505
Additional paid-in capital 225,314,388 217,716,500
Accumulated deficit (205,969,714) (199,063,535)
Total stockholders’ equity 19,465,970 18,759,470
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 37,834,668 $ 43,212,891