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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2012
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of additional disclosures of cash flow information

 

 
   Year Ended December 31,  
 
   2012   2011   2010  

Cash paid during the period for:

                    

Interest

   $ 14,100   $ 19,000   $ 25,400  

The following non-cash transactions occurred in 2012, 2011 and 2010 and such transactions are summarized as follows:

                    

Common stock issued to acquire Neutron Energy, Inc. 

   $ 16,577,000   $ —   $ —  
               

Common stock issued for loan origination fees

   $ 160,000   $ —   $ —  
               

Capital lease additions

   $ 106,200   $ —   $ —  
               

Common stock issued for deferred compensation

   $ —   $ 697,027   $ —  
               

Restricted common stock issued for services

   $ 39   $ 17   $ 28  
               

Restricted share issuance of Common Stock in connection with a cash conservation plan

   $ —   $ —   $ 106,500  
Schedule of change in the balance of the restoration and reclamation liability

 

 
   December 31,  
 
   2012   2011  

Reserve for future restoration and reclamation costs at January 1,

   $ 4,735,759   $ 5,043,645  

Changes in cash flow estimates

     1,444,406     1,101,234  

Costs incurred

     (1,767,289 )   (1,530,303 )

Accretion expense

     85,181     121,183  
           

Reserve for future restoration and reclamation costs at December 31,

   $ 4,498,057   $ 4,735,759