v2.4.0.6
Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash & cash equivalents $ 39,132 $ 118,835
Marketable securities 363,756 458,825
Prepaid expenses 1,100 1,100
Accounts receivable 725 6,744
Total current assets 404,713 585,504
PROPERTY AND EQUIPMENT    
Plant and mill - idle 3,980,000 3,980,000
Office equipment, net 0 51
Total property and equipment 3,980,000 3,980,051
Total Assets 4,384,713 4,565,555
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable and accrued expenses 2,341 43,244
Notes payable 0 15,000
Debentures (net) 0 50,000
Accrued interest payable 5,063 21,734
Total current liabilities 7,405 129,978
Total Liabilities 7,405 129,978
Commitments and contingencies      
STOCKHOLDERS' EQUITY    
Preferred stock, par value $.01 per share; 10,000,000 shares authorized, 80,000 and 648,887 issued and outstanding 800 800
Common stock, par value $.0001 per share; 2,000,000,000 authorized shares; 23,366,328 and 14,625,044  issued and outstanding shares, respectively 2,336 1,462
Additional paid-in capital 64,596,082 64,337,063
Accumulated (deficit) (59,944,921) (59,459,693)
Accumulated other comprehensive income (loss) (276,989) (444,055)
Total stockholders' equity 4,377,308 4,435,577
Total Liabilities and Stockholder's Equity $ 4,384,713 $ 4,565,555