v2.3.0.15
Statements of Operations (Unaudited) (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Statements Of Operations    
REVENUES$ 0$ 0$ 0$ 0
OPERATING EXPENSES    
Exploration and development3,88919,29813,43340,820
General and administration221,965215,894661,218626,346
Depreciation and depletion5251154154
Total operating expenses225,905235,243674,804667,320
OPERATING (LOSS)(225,905)(235,243)(674,804)(667,320)
OTHER INCOME (EXPENSE)    
Interest expense(1,311)(95,380)(49,564)(297,700)
Loss on sale of securities(21,483)0(33,499)0
Accretion of note discount0(18,125)(6,458)(41,333)
Total other (expense)(22,794)(113,505)(89,521)(339,033)
Loss before income taxes(248,699)(348,748)(764,325)(1,006,353)
Income taxes0000
NET LOSS ON CONTINUING OPERATIONS(248,699)(348,748)(764,325)(1,006,353)
DISCONTINUED OPERATIONS,NET OF TAX    
Loss on discontinued operations (Bolivia) net of tax000(52,606)
Loss discontinued operations (Nevada) net of tax0354,0190151,331
Loss on sale of business unit (Bolivia) net of tax0(21,579)0(85,110)
Gain on legal settlement Nevada03,723,25103,723,251
NET (LOSS ) ON DISCONTINUED OPERATIONS04,055,69103,736,866
NET INCOME (LOSS)(248,699)3,706,943(764,325)2,730,513
Basic and diluted gain (loss) per share on continuing operations$ (0.02)$ 0.45$ (0.06)$ 0.47
Basic and diluted gain (loss) per share on discontinued operations$ 0$ 0.5$ 0$ 0.64
Weighted average shares outstanding - basic14,525,0448,166,13711,827,5615,870,196
Fully Diluted gain (loss) per share on continuing operations$ 0$ 0.27$ 0$ 0.24
Fully Diluted gain (loss) per share on discontined operations$ 0$ 0.29$ 0$ 0.32
Weighted average shares outstanding - Fully diluted013,808,002011,512,061
OTHER COMPREHENSIVE INCOME    
Unrealized gain (loss) on securities(216,840)188,000(1,074,400)188,000
NET COMPREHENSIVE INCOME (LOSS)$ (465,539)$ 3,894,943$ (1,838,725)$ 2,918,513