v2.4.0.8
Condensed Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash $ 148 $ 16,216
Accounts receivable 20,386 13,735
Total current assets 20,534 29,951
Investments in mineral properties, net of accumulated amortization of $167,675 and $132,499, respectively 1,590,328 1,582,324
Capitalized financing costs, net of amortization of $15,256 and $6,737, respectively 186,244 41,263
Total assets 1,797,106 1,653,538
Current liabilities:    
Accounts payable and other liabilities 795,925 567,629
Short term note from officer 39,200 39,200
Note payable - current, net of discount of $26,250 and $0 at June 30, 2013 and December 31, 2012, respectively 78,750 0
Accrued interest 92,677 41,073
Derivative liability 17,396 559
Total current liabilities 1,023,948 648,461
Long term liabilities:    
Note payable, net of discount of $174,063 and $178,471 at June 30, 2013 and December 31, 2012, respectively 443,937 359,529
Convertible debenture 493,306 633,306
Total long term liabilities 937,243 992,835
Total liabilities 1,961,191 1,641,296
Stockholders' equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized, 62,215,597 and 47,620,406 shares issued and outstanding as of June 30, 2013 and December 31, 2012, respectively 62,216 47,621
Common stock to be issued; 6,433,034 and 6,423,708 shares as of June 30, 2013 and December 31, 2012 6,434 6,424
Additional paid-in capital 14,230,611 13,731,097
Accumulated comprehensive gain (loss) (12,131) 4,706
Accumulated deficit (14,451,215) (13,777,606)
Total stockholders' equity (164,085) 12,242
Total liabilities and stockholders' equity $ 1,797,106 $ 1,653,538