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Segment Reporting

3 Months Ended

Mar. 31, 2019

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 inter-segment revenues are not significant. Financial information relating to our reportable operating segments and reconciliation to the consolidated totals is as follows:    

	Three Months Ended   March 31,
	2019				2018
Revenue
Mining	$	—			$	—
Real estate	37,598				22,850
Total revenue	37,598				22,850
Costs and Expenses
Mining	(1,596,031		)		(1,903,361		)
Real estate	(10,424		)		(7,091		)
Total costs and expenses	(1,606,455		)		(1,910,452		)
Operating Income (Loss)
Mining	(1,596,031		)		(1,903,361		)
Real estate	27,174				15,759
Total loss from operations	(1,568,857		)		(1,887,602		)
Other income (expense), net	(266,208		)		(597,301		)
Net loss	$	(1,835,065	)		$	(2,484,903	)
Capital Expenditures
Mining	$	—			$	—
Real estate	365,000				—
Total capital expenditures	$	365,000			$	—
Depreciation, Amortization, and Depletion
Mining	$	583,507			$	824,463
Real estate	3,414				2,465
Total depreciation, amortization, and depletion	$	586,921			$	826,928

	As of March 31,				As of December 31,
	2019				2018
Assets
Mining	$	20,346,142			$	21,166,231
Real estate	7,808,965				7,445,494
Total assets	$	28,155,107			$	28,611,725

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- References

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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