v2.4.0.8
Condensed Balance Sheets (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash $ 1,454 $ 16,216
Accounts receivable 20,242 13,735
Total current assets 21,696 29,951
Investments in mineral properties, net of accumulated amortization of $185,457 and $132,499, respectively 400,000 1,582,324
Capitalized financing costs, net of amortization of $38,724 and $6,737, respectively 171,353 41,263
Total assets 593,049 1,653,538
Current liabilities:    
Accounts payable and other liabilities 827,441 567,629
Short term note from officer 0 39,200
Note payable - current, net of discount of $81,041 and $0 at September 30, 2013 and December 31, 2012, respectively 110,259 0
Accrued interest 117,599 41,073
Derivative liability 0 559
Total current liabilities 1,055,299 648,461
Long term liabilities:    
Note payable, net of discount of $161,916 and $178,471 at September 30, 2013 and December 31, 2012, respectively 538,425 359,529
Convertible debenture 428,306 633,306
Total long term liabilities 966,731 992,835
Total liabilities 2,022,030 1,641,296
Stockholders' equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized, 72,067,441 and 47,620,406 shares issued and outstanding as of September 30, 2013 and December 31, 2012, respectively 72,068 47,621
Common stock to be issued; 11,918,020 and 6,423,708 shares as of September 30, 2013 and December 31, 2012 11,918 6,424
Additional paid-in capital 14,481,090 13,731,097
Accumulated comprehensive gain (loss) 0 4,706
Accumulated deficit (15,994,057) (13,777,606)
Total stockholders' equity (1,428,981) 12,242
Total liabilities and stockholders' equity $ 593,049 $ 1,653,538