Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2020 | Apr. 12, 2021 | Jun. 30, 2020 | |
Cover [Abstract] | |||
Entity Registrant Name | INCEPTION MINING INC. | ||
Entity Central Index Key | 0001416090 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2020 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issue | No | ||
Entity Voluntary Filer | No | ||
Entity Reporting Status Current | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business Flag | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 754,170 | ||
Entity Common Stock, Shares Outstanding | 115,020,722 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2020 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2020 | Dec. 31, 2019 |
Current Assets | ||
Cash and cash equivalents | $ 34,358 | $ 47,996 |
Accounts receivable | 11,870 | 20,538 |
Inventories | 736,749 | 855,069 |
Marketable securities | 118,166 | |
Prepaid expenses and other current assets | 22,281 | 11,864 |
Total Current Assets | 923,424 | 935,467 |
Property, plant and equipment, net | 413,811 | 443,348 |
Other assets | 163,095 | 36,802 |
Total Assets | 1,500,330 | 1,415,617 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 3,454,485 | 2,192,346 |
Accrued interest - related parties | 8,537,442 | 7,608,238 |
Secured borrowings, net | 149,590 | 211,066 |
Notes payable - related parties | 7,105,019 | 6,921,216 |
Convertible notes payable | 2,176,677 | 355,980 |
Derivative liabilities | 7,564,307 | 14,221,935 |
Total Current Liabilities | 28,987,520 | 31,560,781 |
Long-term note payable | 160,000 | 60,000 |
Convertible notes payable, net of current portion | 1,217,715 | 1,566,627 |
Mine reclamation obligation | 602,337 | 513,051 |
Total Liabilities | 30,967,572 | 33,650,459 |
Commitments and Contingencies | ||
Stockholders' Deficit | ||
Preferred stock, $0.00001 par value; 10,000,000 shares authorized, 51 shares issued and outstanding | 1 | 1 |
Common stock, $0.00001 par value; 500,000,000 shares authorized, 78,668,420 and 60,035,102 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively | 787 | 600 |
Additional paid-in capital | 5,882,614 | 5,309,544 |
Accumulated deficit | (34,668,784) | (37,011,083) |
Accumulated other comprehensive loss | (673,185) | (525,951) |
Total Controlling Interest | (29,458,567) | (32,226,889) |
Non-Controlling Interest | (8,675) | (7,953) |
Total Stockholders' Deficit | (29,467,242) | (32,234,842) |
Total Liabilities and Stockholders' Deficit | $ 1,500,330 | $ 1,415,617 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2020 | Dec. 31, 2019 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 0.00001 | $ 0.00001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 51 | 51 |
Preferred stock, shares outstanding | 51 | 51 |
Common stock, par value | $ 0.00001 | $ 0.00001 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 78,668,420 | 60,035,102 |
Common stock, shares outstanding | 78,668,420 | 60,035,102 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Income Statement [Abstract] | ||
Precious Metals Revenue | $ 4,143,908 | $ 4,955,027 |
Cost of goods sold | 2,826,448 | 3,656,127 |
Gross profit | 1,317,460 | 1,298,900 |
Operating Expenses | ||
General and administrative | 1,272,523 | 2,066,886 |
Depreciation and amortization | 8,036 | 35,718 |
Total Operating Expenses | 1,280,559 | 2,102,604 |
Income (Loss) from Operations | 36,901 | (803,704) |
Other Income/(Expenses) | ||
Other income (expense) | 21,113 | 67,988 |
Gain on sale of mine property | 471,083 | |
Change in derivative liability | 6,657,628 | 11,654,174 |
Change in marketable securities | 479,051 | |
Loss on extinguishment of debt | (531,194) | (410,120) |
Interest expense | (4,793,005) | (25,509,172) |
Total Other Income/(Expenses) | 2,304,676 | (14,197,130) |
Net Income (Loss) from Operations before Income Taxes | 2,341,577 | (15,000,834) |
Provision for Income Taxes | ||
NET INCOME (LOSS) | 2,341,577 | (15,000,834) |
NET INCOME (LOSS) - Non-Controlling Interest | 722 | (964) |
NET INCOME (LOSS) - Controlling Interest | $ 2,342,299 | $ (15,001,798) |
Net income (loss) per share - Basic | $ 0.03 | $ (0.26) |
Net income (loss) per share - Diluted | $ 0 | $ (0.26) |
Weighted average number of shares outstanding during the period - Basic | 68,440,532 | 57,056,526 |
Weighted average number of shares outstanding during the period - Diluted | 538,868,082 | 57,056,526 |
NET INCOME (LOSS) | $ 2,341,577 | $ (15,000,834) |
Other Comprehensive Income (Loss) | ||
Exchange differences arising on translating foreign operations | (147,234) | 31,183 |
Total Comprehensive Income (Loss) | 2,194,343 | (14,969,651) |
Total Comprehensive Income (Loss) - Non-Controlling Interest | (151) | (388) |
Total Comprehensive Income (Loss) - Controlling Interest | $ 2,194,192 | $ (14,970,039) |
Consolidated Statement of Stock
Consolidated Statement of Stockholders' Deficit - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] | Other Comprehensive Income [Member] | Non-controlling Interest [Member] | Total |
Balance at Dec. 31, 2018 | $ 1 | $ 541 | $ 4,490,866 | $ (22,009,285) | $ (557,134) | $ (8,917) | $ (18,083,928) |
Balance, shares at Dec. 31, 2018 | 51 | 54,093,505 | |||||
Shares issued for services | $ 20 | 245,830 | 245,850 | ||||
Shares issued for services, shares | 2,050,000 | ||||||
Shares issued for cash | $ 4 | 48,746 | 48,750 | ||||
Shares issued for cash, shares | 375,000 | ||||||
Shares issued with note payable | $ 34 | 512,103 | 512,137 | ||||
Shares issued with note payable, shares | 3,416,597 | ||||||
Shares issued with settlement of A/P | $ 1 | 11,999 | 12,000 | ||||
Shares issued with settlement of A/P, shares | 100,000 | ||||||
Foreign currency translation adjustment | 31,183 | 31,183 | |||||
Net Income (Loss) | (15,001,798) | 964 | (15,000,834) | ||||
Balance at Dec. 31, 2019 | $ 1 | $ 600 | 5,309,544 | (37,011,083) | (525,951) | (7,953) | (32,234,842) |
Balance, shares at Dec. 31, 2019 | 51 | 60,035,102 | |||||
Shares issued for services | $ 8 | 34,952 | 34,960 | ||||
Shares issued for services, shares | 800,000 | ||||||
Shares issued with note payable | $ 179 | 538,118 | 538,297 | ||||
Shares issued with note payable, shares | 17,833,942 | ||||||
Share cancellation | |||||||
Share cancellation, shares | (624) | ||||||
Foreign currency translation adjustment | (147,234) | (147,234) | |||||
Net Income (Loss) | 2,342,299 | (722) | 2,341,577 | ||||
Balance at Dec. 31, 2020 | $ 1 | $ 787 | $ 5,882,614 | $ (34,668,784) | $ (673,185) | $ (8,675) | $ (29,467,242) |
Balance, shares at Dec. 31, 2020 | 51 | 78,668,420 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Cash Flows from Operating Activities: | ||
Net Income (Loss) | $ 2,341,577 | $ (15,000,834) |
Adjustments to reconcile net income (loss) to net cash used in operations | ||
Depreciation and amortization expense | 49,794 | 212,006 |
Common stock issued for services | 34,960 | 245,850 |
Loss on extinguishment of debt | 531,194 | 410,120 |
Change in derivative liability | (6,657,628) | (11,654,174) |
Change in marketable securities | (479,051) | |
Gain on sale of mine property | (471,083) | |
Amortization of debt discount | 2,014,745 | 22,801,971 |
Changes in operating assets and liabilities: | ||
Accounts receivable | 9,222 | (14,990) |
Inventories | 118,320 | (284,455) |
Prepaid expenses and other current assets | (135,255) | 14,512 |
Accounts payable and accrued liabilities | 1,530,967 | 560,349 |
Accounts payable and accrued liabilities - related parties | 929,203 | 2,240,814 |
Secured borrowings | 163,226 | 38,986 |
Net Cash Provided By (Used In) Operating Activities | (19,809) | (429,845) |
Cash Flows from Investing Activities: | ||
Proceeds on sale of mine property | 249,660 | |
Proceeds on sale of marketable securities | 592,919 | |
Purchase of marketable securities | (10,613) | |
Purchase of property, plant and equipment | (11,818) | (1,723) |
Net Cash Provided By (Used In) Investing Activities | 820,148 | (1,723) |
Cash Flows from Financing Activities: | ||
Repayment of notes payable | (50,000) | |
Repayment of notes payable-related parties | (2,256,441) | (2,249,186) |
Repayment of convertible notes payable | (535,858) | (3,089,414) |
Repayment of secured borrowings | (224,702) | (45,143) |
Proceeds from notes payable | 150,000 | |
Proceeds from notes payable-related parties | 2,102,600 | 1,688,000 |
Proceeds from convertible notes payable | 4,075,975 | |
Proceeds from issuance of common stock | 48,750 | |
Net Cash Provided by (Used in) Financing Activities | (814,401) | 428,982 |
Effects of exchange rate changes on cash | 424 | (275) |
Net Change in Cash | (13,638) | (2,861) |
Cash at Beginning of Period | 47,996 | 50,857 |
Cash at End of Period | 34,358 | 47,996 |
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | 619,003 | 1,387,474 |
Cash paid for taxes | ||
Supplemental disclosure of non-cash investing and financing activities: | ||
Common stock issued for extinguishment of debt and accounts payable | 12,000 | |
Common stock issued for conversion of debt | 36,300 | |
Common stock issued for note commitment fee | 17,550 | |
Assets held to satisfy secured borrowings | 52,499 | 82,478 |
Recognition of debt discounts on convertible notes payable | 3,915,737 | |
Note payable issued for conversion of accounts payable | 40,000 | |
Warrants issued with convertible note payable | $ 1,711,394 |
Nature of Business
Nature of Business | 12 Months Ended |
Dec. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature of Business | 1. Nature of Business Inception Mining, Inc. (formerly known as Gold American Mining Corp.) was incorporated under the name of Golf Alliance Corporation and under the laws of the State of Nevada on July 2, 2007. Inception Mining, Inc. is a precious metal mineral acquisition, exploration and development company. Inception Development, Inc., its wholly owned subsidiary, was incorporated under the laws of the State of Idaho on January 28, 2013. Golf Alliance Corporation pursued its original business plan to provide opportunities for golfers to play on private golf courses normally closed to them due to the membership requirements of the private clubs. During the year ended July 31, 2010, the Company decided to redirect its business focus toward precious metal mineral acquisition and exploration. On March 5, 2010, the Company amended its articles of incorporation to (1) to change its name to Silver America, Inc. and (2) increased its authorized common stock from 100,000,000 to 500,000,000. On June 23, 2010 the Company amended its articles of incorporation to change its name to Gold American Mining Corp. On November 21, 2012, the Company implemented a 200 to 1 reverse stock split. Upon effectiveness of the stock split, each shareholder canceled 200 shares of common stock for every share of common stock owned as of November 21, 2012. This reverse stock split was effective on February 13, 2013. All share and per share references have been retroactively adjusted to reflect this 200 to 1 reverse stock split in the financial statements and in the notes to financial statements for all periods presented, to reflect the stock split as if it occurred on the first day of the first period presented. On February 25, 2013, Gold American Mining Corp. and its majority shareholder (the “Majority Shareholder”), and its wholly-owned subsidiary, Inception Development Inc. (the “Subsidiary”), entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) with Inception Resources, LLC, a Utah corporation (“Inception Resources”), pursuant to which Inception purchased the U.P. and Burlington Gold Mine in consideration of 16,000,000 shares of common stock of Inception, the assumption of promissory notes in the amount of $950,000 and the assignment of a 3% net royalty. Inception Resources was an entity owned by and under the control of the majority shareholder. This transaction is deemed an asset purchase by entities under common control. The Asset Purchase Agreement closed on February 25, 2013 (the “Closing”). Inception was a “shell company” (as such term is defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended) immediately prior to our acquisition of the gold mine pursuant to the terms of the Asset Purchase Agreement. As a result of such acquisition, the Company’s operations are now focused on the ownership and operation of the mine acquired from Inception Resources. Consequently, the Company believes that acquisition has caused us to cease to be a shell company as it no longer has nominal operations. On May 17, 2013, the Company amended its articles of incorporation to change its name to Inception Mining, Inc. (“Inception” or the “Company”). On October 2, 2015, the Company consummated a merger with Clavo Rico Ltd. (“Clavo Rico”). Clavo Rico is a privately held Turks and Caicos company with principal operations in Honduras, Central America. Clavo Rico operates the Clavo Rico mining concession through its subsidiaries Compañía Minera Cerros del Sur, S.A de C.V. and Compañía Minera Clavo Rico, S.A. de C.V. and holds other mining concessions. Pursuant to the agreement, the Company issued of 240,225,901 shares of common stock of Inception and assumed promissory notes in the amount of $5,488,980 and accrued interest of $3,434,426. Under this merger agreement, there was a change in control and it has been treated for accounting purposes as a reverse recapitalization with Clavo Rico, Ltd. being the surviving entity. Its workings include several historical underground operations dating back to the early Mayan and Spanish occupation. On January 11, 2016, the Company implemented a 5.5 to 1 reverse stock split. This reverse stock split was effective on May 26, 2016. All share and per share references have been retroactively adjusted to reflect this 5.5 to 1 reverse stock split in the financial statements and in the notes to financial statements for all periods presented, to reflect the stock split as if it occurred on the first day of the first period presented. Immediately before the Reverse Split, the Company had 266,669,980 shares of common stock outstanding. Immediately after the Reverse Split, the Company had 48,485,451 shares of common stock outstanding, pending fractional-share rounding-up calculations to adjust for the Reverse Split. The Company’s primary mine is located on the 200 hectare Clavo Rico Concession, located in southern Honduras. This mine was originally explored and exploited in the 16th century by the Spanish, and more recently has been operated by Compañía Minera Cerros del Sur, S.A. de C.V. as a small family business. In 2003, Clavo Rico’s predecessor purchased a 20% interest and later increased its ownership to 99.9%. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2020 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | 2. Summary of Significant Accounting Policies Going Concern - The Company’s existence is dependent upon management’s ability to develop profitable operations and to obtain additional funding sources. There can be no assurance that the Company’s financing efforts will result in profitable operations or the resolution of the Company’s liquidity problems. The accompanying statements do not include any adjustments that might result should the Company be unable to continue as a going concern. Management is currently working to make changes that will result in profitable operations and to obtain additional funding sources to meet the Company’s need for cash during the next twelve months and beyond. Use of Estimates – Principles of Consolidation - Basis of Presentation - Cash and Cash Equivalents - Inventories, Stockpiles and Mineralized Material on Leach Pads - Stockpiles - Mineralized Material on Leach Pads - The estimates of recoverable gold on the leach pads are calculated from the quantities of material placed on the leach pads (measured tons added to the leach pads), the grade of material placed on the leach pads (based on assay data) and a recovery percentage. Although the quantities of recoverable gold placed on the leach pads are reconciled by comparing the quantities and grades of material placed on leach pads to the quantities and grades quantities of gold actually recovered (metallurgical balancing), the nature of the leaching process inherently limits the ability to precisely monitor inventory levels. As a result, the metallurgical balancing process is constantly monitored and estimates are refined based on actual results over time. Variations between actual and estimated quantities resulting from changes in assumptions and estimates that do not result in write-downs to net realizable value are accounted for on a prospective basis. In-process Inventories - Finished Goods Inventories - Exploration and Development Costs - Extractive Activities- Mining The Company capitalizes costs for mining properties by individual property and defers such costs for later amortization only if the prospects for economic productions are reasonably certain. Capitalized costs are expensed in the period when the determination has been made that economic production does not appear reasonably certain. Mineral Rights and Properties - We review the carrying value of our mineral rights and properties for impairment whenever there are negative indicators of impairment. Our estimate of the gold price, mineralized materials, operating capital, and reclamation costs are subject to risks and uncertainties affecting the recoverability of our investment in the mineral claims and properties. Although we have made our best, most current estimate of these factors, it is possible that near term changes could adversely affect estimated net cash flows from our mineral claims and properties and possibly require future asset impairment write-downs. Where estimates of future net operating cash flows are not available and where other conditions suggest impairment, we assess recoverability of carrying value from other means, including net cash flows generated by the sale of the asset. We use the units-of-production method to deplete the mineral rights and properties. Fair Value Measurements - Fair value measurements do not include transaction costs. A fair value hierarchy is used to prioritize the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is defined into the following three categories: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3: Unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement is disclosed and is determined based on the lowest level input that is significant to the fair value measurement. The carrying value of the Company’s cash, accounts payable, short-term borrowings (including convertible notes payable), and other current assets and liabilities approximate fair value because of their short-term maturity. The fair value of financial instruments on December 31, 2020 are summarized below: Level 1 Level 2 Level 3 Total Marketable securities $ 118,166 $ - $ - $ 118,166 Total Assets $ 118,166 $ - $ - $ 118,166 Warrant liabilities $ - $ - $ 22,914 $ 22,914 Debt derivative liabilities - - 7,541,393 7,541,393 Total Liabilities $ - $ - $ 7,564,307 $ 7,564,307 The fair value of financial instruments on December 31, 2019 are summarized below: Level 1 Level 2 Level 3 Total Marketable securities $ - $ - $ - $ - Total Assets $ - $ - $ - $ - Warrant liabilities $ - $ - $ 254,632 $ 254,632 Debt derivative liabilities - - 13,967,303 13,967,303 Total Liabilities $ - $ - $ 14,221,935 $ 14,221,935 The Company recognizes its marketable securities as level 1 and values its marketable securities using the methods discussed below. While the Company believes that its valuation methods are appropriate and consistent with other market participants, it recognizes that the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. The Company recognizes its derivative liabilities as level 3 and values its derivatives using the methods discussed below. While the Company believes that its valuation methods are appropriate and consistent with other market participants, it recognizes that the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. The primary assumptions that would significantly affect the fair values using the methods discussed below are that of volatility and market price of the underlying common stock of the Company. Marketable Securities Long-Lived Assets - Properties, Plant and Equipment - Building 7 to 15 years Vehicles and equipment 3 to 7 years Processing and laboratory 5 to 15 years Furniture and fixtures 2 to 3 years Reclamation Liabilities and Asset Retirement Obligations - Revenue Recognition - The Company generates revenue by selling gold and silver produced from its mining operations. The majority of the Company’s sales come from the sale of refined gold; however, the end product at the Company’s gold operations is generally doré bars. Doré is an alloy consisting primarily of gold but also containing silver and other metals. Doré is sent to refiners to produce bullion that meets the required market standard of 99.95% gold. Under the terms of the Company’s refining agreements, the doré bars are refined for a fee, and the Company’s share of the refined gold and silver is credited to its bullion account. The Company recognizes revenue for gold and silver from doré production when it satisfies the performance obligation of transferring gold and silver inventory to the customer, which generally occurs upon transfer of gold and silver bullion credits as this is the point at which the customer obtains the ability to direct the use and obtain substantially all of the remaining benefits of ownership of the asset. The Company generally recognizes the sale of gold bullion credits at the prevailing market price when gold bullion credits are delivered to the customer. The transaction price is determined based on the agreed upon market price and the number of ounces delivered. Payment is due upon delivery of gold bullion credits to the customer’s account. All accounts receivable amounts are due from a single customer. Substantially all mining revenues recorded in the current period also related to the same customer. As gold can be sold through numerous gold market traders worldwide, the Company is not economically dependent on a limited number of customers for the sale of its product. However, the Company has chosen to sell to only two customers at this time. Stock Issued for Goods and Services - Stock-Based Compensation - Income (Loss) per Common Share - Comprehensive Loss - Derivative Liabilities - Income Taxes - Deferred income taxes arise from temporary differences between the tax and financial statement recognition of revenue and expense. In evaluating the Company’s ability to recover its deferred tax assets, management considers all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax planning strategies and recent financial operations. In projecting future taxable income, the Company develops assumptions including the amount of future state and federal pretax operating income, the reversal of temporary differences, and the implementation of feasible and prudent tax planning strategies. These assumptions require significant judgment about the forecasts of future taxable income, and are consistent with the plans and estimates that the Company is using to manage the underlying businesses. The Company provides a valuation allowance for deferred tax assets for which the Company does not consider realization of such deferred tax assets to be more likely than not. Changes in tax laws and rates could also affect recorded deferred tax assets and liabilities in the future. Management is not aware of any such changes that would have a material effect on the Company’s results of operations, cash flows or financial position. Business Segments Operating Lease The Company incurred rent expense of $14,508 and $13,637 for the year ended December 31, 2020 and 2019. Reclassifications - Non-Controlling Interest Policy Recently Issued Accounting Pronouncements – |
Inventories, Stockpiles and Min
Inventories, Stockpiles and Mineralized Materials on Leach Pads | 12 Months Ended |
Dec. 31, 2020 | |
Inventory Disclosure [Abstract] | |
Inventories, Stockpiles and Mineralized Materials on Leach Pads | 3. Inventories, Stockpiles and Mineralized Materials on Leach Pads Inventories, stockpiles and mineralized materials on leach pads at December 31, 2020 and 2019 consisted of the following: December 31, 2020 December 31, 2019 Supplies $ 69,768 $ 62,912 Mineralized Material on Leach Pads 112,207 201,407 ADR Plant 153,307 92,404 Finished Ore 401,467 498,346 Total Inventories $ 736,749 $ 855,069 There were no stockpiles at December 31, 2020 and 2019. |
Marketable Securities Financial
Marketable Securities Financial Instruments | 12 Months Ended |
Dec. 31, 2020 | |
Investments, All Other Investments [Abstract] | |
Marketable Securities Financial Instruments | 4. Marketable Securities Financial Instruments The Company adopted the provisions of ASC subtopic 825-10, Financial Instruments The following table provides a summary of changes in fair value of the Company’s Level 1 financial assets as of December 31, 2020: Marketable Balance, December 31, 2019 $ - Transfers in upon initial fair value of marketable securities 227,165 Change in fair value of marketable securities 479,051 Sale of marketable securities (588,050 ) Balance, December 31, 2020 $ 118,166 |
Derivative Financial Instrument
Derivative Financial Instruments | 12 Months Ended |
Dec. 31, 2020 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments | 5. Derivative Financial Instruments The Company adopted the provisions of ASC subtopic 825-10, Financial Instruments The derivative liability as of December 31, 2020, in the amount of $7,564,307 has a level 3 classification under ASC 825-10. The following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities as of December 31, 2020 and 2019: Derivative Liabilities Balance, December 31, 2018 $ 2,547,806 Transfers in upon initial fair value of derivative liabilities 23,328,303 Change in fair value of derivative liabilities and warrant liability (11,654,174 ) Balance, December 31, 2019 $ 14,221,935 Change in fair value of derivative liabilities and warrant liability (6,657,628 ) Balance, December 31, 2020 $ 7,564,307 Debt derivatives – At December 31, 2020, the Company marked to market the fair value of the debt derivatives and determined a fair value of $7,541,393. The Company recorded a gain from change in fair value of debt derivatives of $6,425,910 for the year ended December 31, 2020. The fair value of the embedded derivatives was determined using the Binomial Option Pricing Model and the Monte Carlo Valuation Model. The Binomial Option Pricing Model was based on the following assumptions: (1) dividend yield of 0%, (2) expected volatility of 153.24%, (3) weighted average risk-free interest rate of 0.10% (4) expected life of 1.03 years, and (5) the quoted market price of the Company’s common stock at each valuation date. The Monte Carlo Valuation Model was based on the following assumptions: (1) expected volatility of 160.3%, (2) weighted average risk-free interest rate of 0.11% and (3) expected life of 1.38 years. At December 31, 2019, the Company marked to market the fair value of the debt derivatives and determined a fair value of $13,967,303. The Company recorded a gain from change in fair value of debt derivatives of $10,160,832 for the year ended December 31, 2019. The fair value of the embedded derivatives was determined using the Binomial Option Pricing Model and the Monte Carlo Valuation Model. The Binomial Option Pricing Model was based on the following assumptions: (1) dividend yield of 0%, (2) expected volatility of 225.30% to 256.89%, (3) weighted average risk-free interest rate of 1.58% to 1.59% (4) expected life of 1.39 to 2.03 years, and (5) the quoted market price of the Company’s common stock at each valuation date. The Monte Carlo Valuation Model was based on the following assumptions: (1) expected volatility of 260.9%, (2) weighted average risk-free interest rate of 1.59% and (3) expected life of 2.39 years. Based upon ASC 840-15-25 (EITF Issue 00-19, paragraph 11) the Company has adopted a sequencing approach regarding the application of ASC 815-40 to its outstanding convertible notes. Pursuant to the sequencing approach, the Company evaluates its contracts based upon earliest issuance date. Warrant liabilities – On May 20, 2019, the Company entered into a Note Purchase Agreement (the “Agreement”) with an investor (the “Investor”) through which the Investor purchased (i) a Senior Secured Redeemable Convertible Note (“Note”) with a face value of $4,250,000 that is convertible into shares of common stock of the Company and (ii) a warrant (“Warrant”) to purchase 9,250,000 shares of common stock of the Company. The warrant has a life of three years. The warrant is exercisable at the following prices – 3,750,000 shares of common stock at $0.40 per share, 3,000,000 shares of common stock at $0.50 per share and 2,500,000 shares of common stock at $0.60 per share. At December 31, 2020, the Company had a warrant liability of $22,914. The Company recorded a gain from change in fair value of warrant liability of $231,718 for the year ended December 31, 2020. The fair value of the embedded derivatives was determined using the Binomial Option Pricing Model and the Monte Carlo Valuation Model. The Binomial Option Pricing Model was based on the following assumptions: (1) dividend yield of 0%, (2) expected volatility of 176.22% to 218.59%, (3) weighted average risk-free interest rate of 0.13% to 0.17% (4) expected life of 1.61 to 2.82 years, and (5) the quoted market price of the Company’s common stock at each valuation date. The Monte Carlo Valuation Model was based on the following assumptions: (1) expected volatility of 160.3%, (2) weighted average risk-free interest rate of 0.11% and (3) expected life of 1.38 years. At December 31, 2019, the Company had a warrant liability of $254,632. The Company recorded a gain from change in fair value of warrant liability of $1,493,342 for the year ended December 31, 2019. The fair value of the embedded derivatives was determined using the Binomial Option Pricing Model and the Monte Carlo Valuation Model. The Binomial Option Pricing Model was based on the following assumptions: (1) dividend yield of 0%, (2) expected volatility of 210.75% to 226.32%, (3) weighted average risk-free interest rate of 1.55% to 1.56% (4) expected life of 2.86 to 4.07 years, and (5) the quoted market price of the Company’s common stock at each valuation date. The Monte Carlo Valuation Model was based on the following assumptions: (1) expected volatility of 222.6%, (2) weighted average risk-free interest rate of 1.60% and (3) expected life of 2.39 years. |
Properties, Plant and Equipment
Properties, Plant and Equipment, Net | 12 Months Ended |
Dec. 31, 2020 | |
Property, Plant and Equipment [Abstract] | |
Properties, Plant and Equipment, Net | 6. Properties, Plant and Equipment, Net Properties, plant and equipment at December 31, 2020 and 2019 consisted of the following: December 31, 2020 December 31, 2019 Land $ 273,248 $ 267,471 Buildings 2,388,274 2,337,775 Machinery and Equipment 971,374 946,777 Office Equipment and Furniture 48,827 42,191 Vehicles 85,921 84,105 Construction in Process 9,015 7,487 3,776,659 3,685,806 Less Accumulated Depreciation (3,362,848 ) (3,242,458 ) Total Property, Plant and Equipment $ 413,811 $ 443,348 During the years ended December 31, 2020 and 2019, the Company recognized depreciation expense of $49,794 and $212,006, respectively. The following table summarizes the allocation of depreciation expense between cost of goods sold and general and administrative expenses. Depreciation Allocation December 31, 2020 December 31, 2019 Cost of Goods Sold $ 41,758 $ 176,288 General and Administrative 8,036 35,718 Total $ 49,794 $ 212,006 On February 21, 2020, the Company sold the Up & Burlington property and mineral rights to Ounces High Exploration, Inc. in exchange for $250,000 in cash consideration and 66,974,252 shares of common stock of Hawkstone Mining Limited, a publicly-traded Australian company. The value of this property had previously been reduced to zero in previous years, so the Company recorded a gain on sale on mining property of $471,083. |
Mine Reclamation Liability
Mine Reclamation Liability | 12 Months Ended |
Dec. 31, 2020 | |
Mine Reclamation Liability | |
Mine Reclamation Liability | 7. Mine Reclamation Liability The Company is required to mitigate long-term environmental impacts by stabilizing, contouring, re-sloping, and re-vegetating various portions of our site after mining and mineral processing operations are completed. These reclamation efforts are conducted in accordance with plans reviewed and approved by the appropriate regulatory agencies. The fair value of the long-term liability of $602,337 and $513,051 as of December 31, 2020 and 2019, respectively, for our obligation to reclaim our mine facility is based on our most recent reclamation plan, as revised, submitted and approved by the Honduran Institute of Geology and Mines (INHGEOMIN) and Ministry of Natural Resources and Environment (SERNA). Such costs are based on management’s current estimate of then expected amounts for the remediation work, assuming the work is performed in accordance with current laws and regulations and using a credit adjusted risk free rate of 18.00% and an inflation rate of 5.3%. It is reasonably possible that, due to uncertainties associated with the application of laws and regulations by regulatory authorities and changes in reclamation or remediation technology, the ultimate cost of reclamation and remediation could change in the future. We periodically review the accrued reclamation liability for information indicating that our assumptions should change. The increase in the reclamation liability in 2020 and 2019 was related to the expansion of the heap leach facility and related infrastructure and accretion. Changes to the asset retirement obligation were as follows: December 31, 2020 December 31, 2019 Balance, Beginning of Year $ 513,051 $ 341,845 Liabilities incurred 89,286 171,206 Balance, End of Year $ 602,337 $ 513,051 |
Accounts Payable and Accrued Li
Accounts Payable and Accrued Liabilities | 12 Months Ended |
Dec. 31, 2020 | |
Payables and Accruals [Abstract] | |
Accounts Payable and Accrued Liabilities | 8. Accounts Payable and Accrued Liabilities Accounts Payable and accrued liabilities at December 31, 2020 and 2019 consisted of the following: December 31, 2020 December 31, 2019 Accounts Payable $ 719,070 $ 750,529 Accrued Liabilities 1,619,763 530,779 Accrued Salaries and Benefits 618,257 507,043 Customer Advances Payable 497,395 403,995 Total Accrued Liabilities $ 3,454,485 $ 2,192,346 |
Secured Borrowings
Secured Borrowings | 12 Months Ended |
Dec. 31, 2020 | |
Debt Disclosure [Abstract] | |
Secured Borrowings | 9. Secured Borrowings On June 26, 2019, the Company entered into four new financing arrangements with third parties for a combined principal amount of $247,571. The terms of the arrangements require the Company to pay the combined principal balance plus a guaranteed return of no less than 10 percent, or $24,757, for a total expected remittance of $272,328. The maturity date of the notes is June 25, 2020. The terms of repayment allow the Company to remit to the lender a certain quantity of gold to satisfy the liability though the Company expects to liquidate gold held and satisfy the liability in cash. As of December 31, 2019, the Company held 35 ounces of gold, valued at a cost of $49,257, to satisfy the liabilities upon maturity leaving a net obligation of $211,066, which is recorded on the Company’s balance sheet as secured borrowings. On June 25, 2020, the Company entered into two new financing arrangements with third parties for a combined principal amount of $172,663. The terms of the arrangements require the Company to pay the combined principal balance plus a guaranteed return of no less than 10 percent, or $17,266, for a total expected remittance of $189,929. The maturity date of the notes is December 26, 2020. On December 26, 2020, the Company entered into two new financing arrangements with third parties for a combined principal amount of $118,757. The terms of the arrangements require the Company to pay the combined principal balance plus a guaranteed return of no less than 10 percent, or $11,876, for a total expected remittance of $130,633. Also on that day, one of the lenders chose to liquidate a portion of his balance amounting to $83,006. This amount was not paid to the lender until January 2021. The maturity date of the notes is June 26, 2021. The terms of repayment allow the Company to remit to the lender a certain quantity of gold to satisfy the liability though the Company expects to liquidate gold held and satisfy the liability in cash. As of December 31, 2020, the Company held 29.315 ounces of gold, valued at a cost of $52,499, to satisfy the liabilities upon maturity leaving a net obligation of $149,590, which is recorded on the Company’s balance sheet as secured borrowings. Secured Borrowings December 31, 2020 December 31, 2019 Secured obligations $ 201,763 $ 247,571 Guaranteed interest 11,876 24,757 Deferred interest (11,550 ) (12,005 ) 202,089 260,323 Gold held as security (52,499 ) (49,257 ) Secured Borrowings, net $ 149,590 $ 211,066 |
Notes Payable
Notes Payable | 12 Months Ended |
Dec. 31, 2020 | |
Debt Disclosure [Abstract] | |
Notes Payable | 10. Notes Payable Notes payable were comprised of the following as of December 31, 2020 and December 31, 2019: Notes Payable December 31, 2020 December 31, 2019 Phil Zobrist $ 60,000 $ 60,000 Small Business Administration 100,000 - Total Notes Payable 160,000 60,000 Less Short-Term Notes Payable - - Total Long-Term Notes Payable $ 160,000 $ 60,000 Bushnet PC – Phil Zobrist Small Business Administration |
Notes Payable - Related Parties
Notes Payable - Related Parties | 12 Months Ended |
Dec. 31, 2020 | |
Debt Disclosure [Abstract] | |
Notes Payable - Related Parties | 11. Notes Payable – Related Parties Notes payable – related parties were comprised of the following as of December 31, 2020 and December 31, 2019: Notes Payable - Related Parties Relationship December 31, 2020 December 31, 2019 Clavo Rico, Inc. Affiliate - Controlled by Director $ 3,377,980 $ 3,377,980 Claymore Management Affiliate - Controlled by Director 185,000 185,000 Debra D’ambrosio Immediate Family Member 50,000 57,000 Francis E. Rich IRA Immediate Family Member 50,000 100,000 Legends Capital Affiliate - Controlled by Director 715,000 755,000 LWB Irrev Trust Affiliate - Controlled by Director 1,101,000 1,101,000 MDL Ventures Affiliate - Controlled by Director 1,476,039 1,305,236 Pine Valley Investments Affiliate - Controlled by Director 150,000 - WOC Energy LLC Affiliate - Controlled by Director - 40,000 Total Notes Payable - Related Parties $ 7,105,019 $ 6,921,216 Clavo Rico, Incorporated Claymore Management D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – D. D’Ambrosio – Diamond 80, LLC – Francis E. Rich IRA – Francis E. Rich IRA – GAIA Ltd. Legends Capital Group LW Briggs Irrevocable Trust MDL Ventures Pine Valley Investments, LLC – Pine Valley Investments, LLC – Silverbrook Corporation WOC Energy, LLC – WOC Energy, LLC – |
Convertible Notes Payable
Convertible Notes Payable | 12 Months Ended |
Dec. 31, 2020 | |
Debt Disclosure [Abstract] | |
Convertible Notes Payable | 12. Convertible Notes Payable Convertible notes payable were comprised of the following as of December 31, 2020 and December 31, 2019: Convertible Notes Payable December 31, 2020 December 31, 2019 Antczak Polich Law LLC $ 320,123 $ 355,980 Investor 3,448,700 3,985,000 Scotia International 400,000 400,000 Total Convertible Notes Payable 4,168,823 4,740,980 Less Unamortized Discount (774,430 ) (2,818,373 ) Total Convertible Notes Payable, Net of Unamortized Debt Discount 3,394,393 1,922,607 Less Short-Term Convertible Notes Payable (2,176,677 ) (355,980 ) Total Long-Term Convertible Notes Payable, Net of Unamortized Debt Discount $ 1,217,715 $ 1,566,627 Antczak Polich Law, LLC Antczak Polich Law, LLC Investor Scotia International of Nevada, Inc. |
Stockholders' Deficit
Stockholders' Deficit | 12 Months Ended |
Dec. 31, 2020 | |
Equity [Abstract] | |
Stockholders' Deficit | 13. Stockholders’ Deficit Common Stock On January 14, 2019, in connection with the issuance of the Note to Labrys Fund LP, the Company issued to the Note Purchaser 130,000 shares of its common stock as commitment shares for the issuance of the note. These shares were valued at $0.135 per share for a total value of $17,550. On February 5, 2019, 100,000 shares of common stock were issued to a member of the board of directors of the Company as part of a conversion agreement for consulting services. These shares were valued at $0.12 per share for a value of $12,000. The Company recognized a loss on this settlement of $5,000 and reduced payables by $7,000. On March 12, 2019, 650,000 shares of common stock were issued to officers, former officers and members of the board of directors of the Company as payment for consulting services performed. These shares were valued at $0.189 per share for a value of $122,850. On March 28, 2019, the Company issued 375,000 shares of common stock to Richard Bass Jr. for $48,750 in cash. These shares were valued at $0.13 per share. On April 26, 2019, in connection with an extension of a Note to Labrys Fund LP, the Company issued to the Note Purchaser 300,000 shares of its common stock as an extension fee for the extension of the note. These shares were valued at $0.3399 per share for a total value of $101,970. On June 1, 2019, the Company issued 200,000 shares of common stock pursuant to a consulting agreement. Per this agreement, the Company will issue 200,000 shares of common stock each month for 11 months. This stock was valued at $0.11 per share for a value of $22,000. On July 1, 2019, the Company issued 200,000 shares of common stock pursuant to a consulting agreement. This stock was valued at $0.15 per share for a value of $30,000. On July 29, 2019, the Company issued to a Note Holder 2,986,597 shares of its common stock under a conversion notice. The conversion was for $265,000 in principle. The shares were valued at $0.11 per share for a total value of $328,526. The Company recognized a loss of extinguishment of debt of $40,350 on this conversion. On August 1, 2019, the Company issued 200,000 shares of common stock pursuant to a consulting agreement. This stock was valued at $0.08 per share for a value of $16,000. On September 1, 2019, the Company issued 200,000 shares of common stock pursuant to a consulting agreement. This stock was valued at $0.08 per share for a value of $16,000. On October 1, 2019, the Company issued 200,000 shares of common stock pursuant to a consulting agreement. This stock was valued at $0.08 per share for a value of $16,000. On November 1, 2019, the Company issued 200,000 shares of common stock pursuant to a consulting agreement. This stock was valued at $0.065 per share for a value of $13,000. On December 1, 2019, the Company issued 200,000 shares of common stock pursuant to a consulting agreement. This stock was valued at $0.05 per share for a value of $10,000. On January 1, 2020, the Company issued 200,000 shares of common stock pursuant to a consulting agreement. This stock was valued at $0.05 per share for a value of $10,000. On January 14, 2020, the Company issued to an Investor 1,645,000 shares of its common stock under a conversion notice. This conversion notice was a true-up notice based on the original conversion notice of July 29, 2019, so no additional note value was converted. The shares were valued at $0.055 per share for a total value of $90,475. The Company recognized a loss of extinguishment of debt of $90,475 on this conversion. On February 1, 2020, the Company issued 200,000 shares of common stock pursuant to a consulting agreement. This stock was valued at $0.045 per share for a value of $9,000. On February 11, 2020, the Company issued to an Investor 1,000,000 shares of its common stock under a conversion notice. This conversion notice was a true-up notice based on the original conversion notice of July 29, 2019, so no additional note value was converted. The shares were valued at $0.0295 per share for a total value of $29,500. The Company recognized a loss of extinguishment of debt of $29,500 on this conversion. On February 27, 2020, the Company issued to an Investor 1,415,500 shares of its common stock under a conversion notice. This conversion notice was a true-up notice based on the original conversion notice of July 29, 2019, so no additional note value was converted. The shares were valued at $0.038 per share for a total value of $53,789. The Company recognized a loss of extinguishment of debt of $53,789 on this conversion. On March 1, 2020, the Company issued 200,000 shares of common stock pursuant to a consulting agreement. This stock was valued at $0.05 per share for a value of $10,000. On March 31, 2020, the Company issued to an Investor 1,279,500 shares of its common stock under a conversion notice. This conversion notice was a true-up notice based on the original conversion notice of July 29, 2019, so no additional note value was converted. The shares were valued at $0.035 per share for a total value of $44,783. The Company recognized a loss of extinguishment of debt of $44,783 on this conversion. On April 1, 2020, the Company issued 200,000 shares of common stock pursuant to a consulting agreement. This stock was valued at $0.0298 per share for a value of $5,960. On April 13, 2020, the Company issued to an Investor 1,083,500 shares of its common stock under a conversion notice. The conversion was for $15,000 in principal. The shares were valued at $0.06 per share for a total value of $65,010. The Company recognized a loss of extinguishment of debt of $57,737 on this conversion. On April 28, 2020, the Company issued to an Investor 228,694 shares of its common stock under a conversion notice. This conversion notice was a true-up notice based on the original conversion notice of April 13, 2020, so no additional note value was converted. The shares were valued at $0.052 per share for a total value of $11,892. The Company recognized a loss of extinguishment of debt of $11,892 on this conversion. On May 22, 2020, the Company issued to an Investor 962,275 shares of its common stock under a conversion notice. This conversion notice was a true-up notice based on a previous conversion notice, so no additional note value was converted. The shares were valued at $0.034 per share for a total value of $32,717. The Company recognized a loss of extinguishment of debt of $37,815 on this conversion. On May 26, 2020, a shareholder returned 624 shares of common stock to the Company and were immediately cancelled. There was no compensation paid by the Company. On August 7, 2020, the Company issued to an Investor 1,007,588 shares of its common stock under a conversion notice. This conversion notice was a true-up notice based on a previous conversion notice, so no additional note value was converted. The shares were valued at $0.0153 per share for a total value of $23,678. The Company recognized a loss of extinguishment of debt of $27,681 on this conversion. On September 9, 2020, the Company issued to an Investor 1,311,017 shares of its common stock under a conversion notice. This conversion notice was a true-up notice based on a previous conversion notice, so no additional note value was converted. The shares were valued at $0.0118 per share for a total value of $26,745. The Company recognized a loss of extinguishment of debt of $30,275 on this conversion. On October 5, 2020, the Company issued to an Investor 1,258,480 shares of its common stock under a conversion notice. This conversion notice was a true-up notice based on a previous conversion notice, so no additional note value was converted. The shares were valued at $0.0100 per share for a total value of $27,687. The Company recognized a loss of extinguishment of debt of $30,270 on this conversion. On October 29, 2020, the Company issued to an Investor 1,372,750 shares of its common stock under a conversion notice. This conversion notice was a true-up notice based on a previous conversion notice, so no additional note value was converted. The shares were valued at $0.0082 per share for a total value of $26,082. The Company recognized a loss of extinguishment of debt of $28,130 on this conversion. On November 25, 2020, the Company issued to an Investor 1,418,416 shares of its common stock under a conversion notice. The conversion was for $8,500 in principal. The shares were valued at $0.0080 per share for a total value of $28,226. The Company recognized a loss of extinguishment of debt of $21,608 on this conversion. On December 1, 2020, the Company issued to an Investor 524,250 shares of its common stock under a conversion notice. This conversion notice was a true-up notice based on the original conversion notice of November 25, 2020, so no additional note value was converted. The shares were valued at $0.0194 per share for a total value of $10,170. The Company recognized a loss of extinguishment of debt of $10,170 on this conversion. On December 22, 2020, the Company issued to an Investor 1,489,671 shares of its common stock under a conversion notice. The conversion was for $5,800 in principal. The shares were valued at $0.005453 per share for a total value of $27,857. The Company recognized a loss of extinguishment of debt of $23,140 on this conversion. On December 29, 2020, the Company issued to an Investor 1,837,301 shares of its common stock under a conversion notice. The conversion was for $7,000 in principal. The shares were valued at $0.005336 per share for a total value of $39,686. The Company recognized a loss of extinguishment of debt of $33,930 on this conversion. Warrants On May 20, 2019, the Company entered into a Note Purchase Agreement (the “Agreement”) with an investor (the “Investor”) through which the Investor purchased (i) a Senior Secured Redeemable Convertible Note (“Note”) with a face value of $4,250,000 that is convertible into shares of common stock of the Company and (ii) a warrant (“Warrant”) to purchase 9,250,000 shares of common stock of the Company. The warrant has a life of three years. The warrant is exercisable at the following prices – 3,750,000 shares of common stock at $0.40 per share, 3,000,000 shares of common stock at $0.50 per share and 2,500,000 shares of common stock at $0.60 per share. These warrants’ relative fair value, based on cash proceeds allocation, was $1,711,394, which has been recorded warrant derivative liabilities. The Company re-valued the warrants at December 31, 2020 for $20,103 and recorded a gain on the change in derivative liabilities of $222,800. The following tables summarize the warrant activity during the years ended December 31, 2020 and 2019: Stock Warrants Number of Warrants Weighted Average Exercise Price Balance at December 31, 2018 1,043,637 $ 1.12 Granted 9,250,000 0.49 Exercised - - Forfeited (680,000 ) - Balance at December 31, 2019 9,613,637 0.53 Granted - - Exercised - - Forfeited (63,637 ) 5.23 Balance at December 31, 2020 9,550,000 $ 0.49 2020 Outstanding Warrants Warrants Exercisable Range of Exercise Price Number Outstanding at December 31, 2020 Weighted Average Remaining Contractual Life Weighted Average Exercise Price Number Exercisable at December 31, 2020 Weighted Average Exercise Price $ 0.40 - 0.75 9,550,000 1.41 years $ 0.49 9,550,000 $ 0.49 |
Net Loss Per Common Share
Net Loss Per Common Share | 12 Months Ended |
Dec. 31, 2020 | |
Earnings Per Share [Abstract] | |
Net Loss Per Common Share | 14. Net Loss Per Common Share Basic earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted income (loss) per share reflects the potential dilution that could occur if stock options, warrants, and convertible securities to issue common stock were exercised or converted into common stock, if not anti-dilutive. The following is a reconciliation of the numerator and denominator used in the basic and diluted computation of net income per share: For the Year Ended Numerator 12/31/2020 12/31/2019 Net Income (Loss) - Controlling Interest $ 2,342,299 $ (15,001,798 ) Amortization of Debt Discounts 1,980,295 - Interest Expense 1,015,328 - Loss on conversion 531,194 - Change in Derivative Liabilities (6,396,866 ) - Adjusted Net Loss - Controlling Interest $ (2,870,049 ) $ (15,001,798 ) Denominator Shares Shares Basic Weighted Average Number of Shares Outstanding during Period 68,440,532 57,056,526 Dilutive Shares 470,427,550 - Diluted Weighted Average Number of Shares Outstanding during Period 538,868,082 57,056,526 Diluted Net Loss per Share $ (0.00 ) $ (0.26 ) |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 15. Income Taxes The Company accounts for income taxes under FASB Codification Topic 740-10-25 (“ASC 740-10-25”). Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The provision for income tax expense (recovery) is comprised the following amounts: Tax Reconciliations 12/31/2020 12/31/2019 Tax at Statutory Rate $ (608,810 ) $ 3,900,467 Meals and Entertainment (668 ) (800 ) Depreciation 36,227 36,227 Change in Derivative Liability 1,730,983 3,030,085 Amortization of Debt Discount (523,834 ) (5,928,512 ) Accrued Interest (522,058 ) (321,440 ) Change in Valuation of Allowance (111,840 ) (716,027 ) Tax Provision $ - $ - The components of deferred income tax in the accompanying balance sheets are as follows: Deferred Tax Assets 12/31/2020 12/31/2019 (21% Federal, 5% Average Corporate Rate) Net Operating Loss Carry-forwards $ 8,103,894 $ 7,992,723 Depreciation 181,135 217,362 Accrued Interest 522,058 321,440 Valuation Allowance (8,807,087 ) (8,531,525 ) Deferred Tax Assets $ - $ - As of December 31, 2020 and December 31, 2019, the Company had net operating loss carry-forwards for U.S. federal income tax purposes of approximately $31,168,823 and $30,741,241, respectively. A portion of the federal amount, $1,710,000, is subject to an annual limitation of approximately $17,000 as a result of a change in the Company’s ownership through February 2013, as defined by Federal Internal Revenue Code Section 382 and the related income tax regulations. As a result of the 20-year federal carry-forward period and the limitation, approximately, $1,400,000 of the net operating loss will expire unutilized. These net operating loss carry-forwards will expire through the year ending 2040. The valuation allowance was established to reduce the deferred tax asset to the amount that will more likely than not be realized. This is necessary due to the Company’s continued operating losses and the uncertainty of the Company’s ability to utilize all of the net operating loss carry-forwards before they will expire through the year 2040. The Company is subject to income tax in the U.S. federal jurisdiction. The Company has not been audited by the U.S. Internal Revenue Service in connection with income taxes. The Company’s tax years beginning with the year ended June 30, 2012 through December 31, 2020 generally remain open to examination by the Internal Revenue Service until its net operating loss carryforwards are utilized and the applicable statutes of limitation have expired. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2020 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | 16. Related Party Transactions Consulting Agreement Employment Agreements The Company has an employment agreement with its chief executive officer, Trent D’Ambrosio. The employment agreement was effective as of April 1, 2019 and provides for compensation of $300,000 annually. Additionally, the employment agreement provides for benefits and an optional annual bonus to be determined by the Board of Directors. Notes Payable – |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 17. Commitments and Contingencies Litigation The Company at times is subject to other legal proceedings that arise in the ordinary course of business. The following is a summary of pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of operations of the Company. One of the Company’s subsidiaries, Compañía Minera Clavo Rico, S.A. de C.V., has been served with notice of a labor dispute brought in Honduras by one of the Company’s former employees. The complaint alleges that the former employee was terminated from his position with the Company’s subsidiary and is entitled to certain statutory compensation. The Company has responded with its assertion that the employee voluntarily resigned and was not involuntarily terminated. The case was heard in Honduras by a labor judge and the Company has appealed the ruling in this case. On March 4, 2020, one of the Company’s subsidiaries, Compañía Minera Clavo Rico, S.A. de C.V., was served with notice of a civil litigation brought in Honduras by Empresa Agregados y Concretos S.A. (“Agrecon”) for an amount of approximately $930,000. The complaint alleges a dispute regarding the amounts owed by the Company to Agrecon under a certain Material Crushing Agreement. The Company has responded disputing the amount owed and placed $125,000 in a dedicated account while the case is being litigated and until the court makes its determination on any amounts owed. The Servicio de Administración de Rentas (“SAR,” the tax authority in Honduras) is completing an audit of the Company’s tax returns for 2017 and 2018 that may result in additional income tax liability. The Company is cooperating with SAR, and will evaluate actions based on the results. In the opinion of management, as of December 31, 2020, the amount of ultimate liability with respect to such matters, if any, is not likely to have a material impact on the Company’s business, financial position, results of operations or liquidity. However, as the outcome of litigation and other claims is difficult to predict significant changes in the estimated exposures could exist. |
Concentrations
Concentrations | 12 Months Ended |
Dec. 31, 2020 | |
Risks and Uncertainties [Abstract] | |
Concentrations | 18. Concentrations We generally sell a significant portion of our mineral production to a relatively small number of customers. For the year ended December 31, 2020, most of our consolidated product revenues were attributable to A-Mark Precious Metals and to Asahi Refining, Inc., our current and only two customers as of December 31, 2020. We are not dependent upon any one purchaser and have alternative purchasers readily available at competitive market prices if there is a disruption in services or other events that cause us to search for other ways to sell our production. The Company currently is producing all of its precious metals from one mine located in Honduras. This location has most of the Company’s fixed assets and inventories. It would cause considerable disruption to the Company’s operations and revenue if this mine was disrupted or closed. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2020 | |
Subsequent Events [Abstract] | |
Subsequent Events | 19. Subsequent Events Management has evaluated subsequent events, in accordance with FASB ASC Topic 855, “Subsequent Events,” through the date which the consolidated financial statements were available to be issued and there are no material subsequent events, except as noted below. On January 5, 2021, the Company issued to an Investor 2,493,479 shares of its common stock under a conversion notice pursuant to the term of the original secured Convertible Promissory Note entered into on May 20, 2019. The issuance was made in reliance on the exemption from registration provided by Sections 3(a)(9) and 4(a)(2) of the Securities Act as the common stock was issued in exchange for debt securities of the Company held by the Investor, there was no additional consideration for the exchange, there was no remuneration for the solicitation of the exchange, there was no general solicitation, and the transactions did not involve a public offering. On January 15, 2021, the Company issued to an Investor 2,598,468 shares of its common stock under a conversion notice pursuant to the term of the original secured Convertible Promissory Note entered into on May 20, 2019. The issuance was made in reliance on the exemption from registration provided by Sections 3(a)(9) and 4(a)(2) of the Securities Act as the common stock was issued in exchange for debt securities of the Company held by the Investor, there was no additional consideration for the exchange, there was no remuneration for the solicitation of the exchange, there was no general solicitation, and the transactions did not involve a public offering. On January 26, 2021, the Company issued to an Investor 2,624,715 shares of its common stock under a conversion notice pursuant to the term of the original secured Convertible Promissory Note entered into on May 20, 2019. The issuance was made in reliance on the exemption from registration provided by Sections 3(a)(9) and 4(a)(2) of the Securities Act as the common stock was issued in exchange for debt securities of the Company held by the Investor, there was no additional consideration for the exchange, there was no remuneration for the solicitation of the exchange, there was no general solicitation, and the transactions did not involve a public offering. On February 5, 2021, the Company issued to an Investor 2,598,468 shares of its common stock under a conversion notice pursuant to the term of the original secured Convertible Promissory Note entered into on May 20, 2019. The issuance was made in reliance on the exemption from registration provided by Sections 3(a)(9) and 4(a)(2) of the Securities Act as the common stock was issued in exchange for debt securities of the Company held by the Investor, there was no additional consideration for the exchange, there was no remuneration for the solicitation of the exchange, there was no general solicitation, and the transactions did not involve a public offering. On February 9, 2021, the Company issued to an Investor 2,755,951 shares of its common stock under a conversion notice pursuant to the term of the original secured Convertible Promissory Note entered into on May 20, 2019. The issuance was made in reliance on the exemption from registration provided by Sections 3(a)(9) and 4(a)(2) of the Securities Act as the common stock was issued in exchange for debt securities of the Company held by the Investor, there was no additional consideration for the exchange, there was no remuneration for the solicitation of the exchange, there was no general solicitation, and the transactions did not involve a public offering. On February 18, 2021, the Company issued to an Investor 2,677,209 shares of its common stock under a conversion notice pursuant to the term of the original secured Convertible Promissory Note entered into on May 20, 2019. The issuance was made in reliance on the exemption from registration provided by Sections 3(a)(9) and 4(a)(2) of the Securities Act as the common stock was issued in exchange for debt securities of the Company held by the Investor, there was no additional consideration for the exchange, there was no remuneration for the solicitation of the exchange, there was no general solicitation, and the transactions did not involve a public offering. On February 23, 2021, the Company issued to an Investor 2,703,456 shares of its common stock under a conversion notice pursuant to the term of the original secured Convertible Promissory Note entered into on May 20, 2019. The issuance was made in reliance on the exemption from registration provided by Sections 3(a)(9) and 4(a)(2) of the Securities Act as the common stock was issued in exchange for debt securities of the Company held by the Investor, there was no additional consideration for the exchange, there was no remuneration for the solicitation of the exchange, there was no general solicitation, and the transactions did not involve a public offering. On March 2, 2021, the Company issued to an Investor 2,677,209 shares of its common stock under a conversion notice pursuant to the term of the original secured Convertible Promissory Note entered into on May 20, 2019. The issuance was made in reliance on the exemption from registration provided by Sections 3(a)(9) and 4(a)(2) of the Securities Act as the common stock was issued in exchange for debt securities of the Company held by the Investor, there was no additional consideration for the exchange, there was no remuneration for the solicitation of the exchange, there was no general solicitation, and the transactions did not involve a public offering. On March 10, 2021, the Company issued to an Investor 2,834,692 shares of its common stock under a conversion notice pursuant to the term of the original secured Convertible Promissory Note entered into on May 20, 2019. The issuance was made in reliance on the exemption from registration provided by Sections 3(a)(9) and 4(a)(2) of the Securities Act as the common stock was issued in exchange for debt securities of the Company held by the Investor, there was no additional consideration for the exchange, there was no remuneration for the solicitation of the exchange, there was no general solicitation, and the transactions did not involve a public offering. On March 11, 2021, the Company issued to an Investor 2,913,434 shares of its common stock under a conversion notice pursuant to the term of the original secured Convertible Promissory Note entered into on May 20, 2019. The issuance was made in reliance on the exemption from registration provided by Sections 3(a)(9) and 4(a)(2) of the Securities Act as the common stock was issued in exchange for debt securities of the Company held by the Investor, there was no additional consideration for the exchange, there was no remuneration for the solicitation of the exchange, there was no general solicitation, and the transactions did not involve a public offering. On March 16, 2021, the Company issued to an Investor 3,018,422 shares of its common stock under a conversion notice pursuant to the term of the original secured Convertible Promissory Note entered into on May 20, 2019. The issuance was made in reliance on the exemption from registration provided by Sections 3(a)(9) and 4(a)(2) of the Securities Act as the common stock was issued in exchange for debt securities of the Company held by the Investor, there was no additional consideration for the exchange, there was no remuneration for the solicitation of the exchange, there was no general solicitation, and the transactions did not involve a public offering. On March 25, 2021, the Company issued to an Investor 3,149,658 shares of its common stock under a conversion notice pursuant to the term of the original secured Convertible Promissory Note entered into on May 20, 2019. The issuance was made in reliance on the exemption from registration provided by Sections 3(a)(9) and 4(a)(2) of the Securities Act as the common stock was issued in exchange for debt securities of the Company held by the Investor, there was no additional consideration for the exchange, there was no remuneration for the solicitation of the exchange, there was no general solicitation, and the transactions did not involve a public offering. On April 6, 2021, the Company issued to an Investor 3,307,141 shares of its common stock under a conversion notice pursuant to the term of the original secured Convertible Promissory Note entered into on May 20, 2019. The issuance was made in reliance on the exemption from registration provided by Sections 3(a)(9) and 4(a)(2) of the Securities Act as the common stock was issued in exchange for debt securities of the Company held by the Investor, there was no additional consideration for the exchange, there was no remuneration for the solicitation of the exchange, there was no general solicitation, and the transactions did not involve a public offering. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2020 | |
Accounting Policies [Abstract] | |
Going Concern | Going Concern - The Company’s existence is dependent upon management’s ability to develop profitable operations and to obtain additional funding sources. There can be no assurance that the Company’s financing efforts will result in profitable operations or the resolution of the Company’s liquidity problems. The accompanying statements do not include any adjustments that might result should the Company be unable to continue as a going concern. Management is currently working to make changes that will result in profitable operations and to obtain additional funding sources to meet the Company’s need for cash during the next twelve months and beyond. |
Use of Estimates | Use of Estimates |
Principles of Consolidation | Principles of Consolidation - |
Basis of Presentation | Basis of Presentation - |
Cash and Cash Equivalents | Cash and Cash Equivalents - |
Inventories, Stockpiles and Mineralized Material on Leach Pads | Inventories, Stockpiles and Mineralized Material on Leach Pads - Stockpiles - Mineralized Material on Leach Pads - The estimates of recoverable gold on the leach pads are calculated from the quantities of material placed on the leach pads (measured tons added to the leach pads), the grade of material placed on the leach pads (based on assay data) and a recovery percentage. Although the quantities of recoverable gold placed on the leach pads are reconciled by comparing the quantities and grades of material placed on leach pads to the quantities and grades quantities of gold actually recovered (metallurgical balancing), the nature of the leaching process inherently limits the ability to precisely monitor inventory levels. As a result, the metallurgical balancing process is constantly monitored and estimates are refined based on actual results over time. Variations between actual and estimated quantities resulting from changes in assumptions and estimates that do not result in write-downs to net realizable value are accounted for on a prospective basis. In-process Inventories - Finished Goods Inventories - |
Exploration and Development Costs | Exploration and Development Costs - Extractive Activities- Mining The Company capitalizes costs for mining properties by individual property and defers such costs for later amortization only if the prospects for economic productions are reasonably certain. Capitalized costs are expensed in the period when the determination has been made that economic production does not appear reasonably certain. |
Mineral Rights and Properties | Mineral Rights and Properties - We review the carrying value of our mineral rights and properties for impairment whenever there are negative indicators of impairment. Our estimate of the gold price, mineralized materials, operating capital, and reclamation costs are subject to risks and uncertainties affecting the recoverability of our investment in the mineral claims and properties. Although we have made our best, most current estimate of these factors, it is possible that near term changes could adversely affect estimated net cash flows from our mineral claims and properties and possibly require future asset impairment write-downs. Where estimates of future net operating cash flows are not available and where other conditions suggest impairment, we assess recoverability of carrying value from other means, including net cash flows generated by the sale of the asset. We use the units-of-production method to deplete the mineral rights and properties. |
Fair Value Measurements | Fair Value Measurements - Fair value measurements do not include transaction costs. A fair value hierarchy is used to prioritize the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is defined into the following three categories: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3: Unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement is disclosed and is determined based on the lowest level input that is significant to the fair value measurement. The carrying value of the Company’s cash, accounts payable, short-term borrowings (including convertible notes payable), and other current assets and liabilities approximate fair value because of their short-term maturity. The fair value of financial instruments on December 31, 2020 are summarized below: Level 1 Level 2 Level 3 Total Marketable securities $ 118,166 $ - $ - $ 118,166 Total Assets $ 118,166 $ - $ - $ 118,166 Warrant liabilities $ - $ - $ 22,914 $ 22,914 Debt derivative liabilities - - 7,541,393 7,541,393 Total Liabilities $ - $ - $ 7,564,307 $ 7,564,307 The fair value of financial instruments on December 31, 2019 are summarized below: Level 1 Level 2 Level 3 Total Marketable securities $ - $ - $ - $ - Total Assets $ - $ - $ - $ - Warrant liabilities $ - $ - $ 254,632 $ 254,632 Debt derivative liabilities - - 13,967,303 13,967,303 Total Liabilities $ - $ - $ 14,221,935 $ 14,221,935 The Company recognizes its marketable securities as level 1 and values its marketable securities using the methods discussed below. While the Company believes that its valuation methods are appropriate and consistent with other market participants, it recognizes that the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. The Company recognizes its derivative liabilities as level 3 and values its derivatives using the methods discussed below. While the Company believes that its valuation methods are appropriate and consistent with other market participants, it recognizes that the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. The primary assumptions that would significantly affect the fair values using the methods discussed below are that of volatility and market price of the underlying common stock of the Company. |
Marketable Securities | Marketable Securities |
Long-Lived Assets | Long-Lived Assets - |
Properties, Plant and Equipment | Properties, Plant and Equipment - Building 7 to 15 years Vehicles and equipment 3 to 7 years Processing and laboratory 5 to 15 years Furniture and fixtures 2 to 3 years |
Reclamation Liabilities and Asset Retirement Obligations | Reclamation Liabilities and Asset Retirement Obligations - |
Revenue Recognition | Revenue Recognition - The Company generates revenue by selling gold and silver produced from its mining operations. The majority of the Company’s sales come from the sale of refined gold; however, the end product at the Company’s gold operations is generally doré bars. Doré is an alloy consisting primarily of gold but also containing silver and other metals. Doré is sent to refiners to produce bullion that meets the required market standard of 99.95% gold. Under the terms of the Company’s refining agreements, the doré bars are refined for a fee, and the Company’s share of the refined gold and silver is credited to its bullion account. The Company recognizes revenue for gold and silver from doré production when it satisfies the performance obligation of transferring gold and silver inventory to the customer, which generally occurs upon transfer of gold and silver bullion credits as this is the point at which the customer obtains the ability to direct the use and obtain substantially all of the remaining benefits of ownership of the asset. The Company generally recognizes the sale of gold bullion credits at the prevailing market price when gold bullion credits are delivered to the customer. The transaction price is determined based on the agreed upon market price and the number of ounces delivered. Payment is due upon delivery of gold bullion credits to the customer’s account. All accounts receivable amounts are due from a single customer. Substantially all mining revenues recorded in the current period also related to the same customer. As gold can be sold through numerous gold market traders worldwide, the Company is not economically dependent on a limited number of customers for the sale of its product. However, the Company has chosen to sell to only two customers at this time. |
Stock Issued for Goods and Services | Stock Issued for Goods and Services - |
Stock-Based Compensation | Stock-Based Compensation - For stock-based transactions, compensation expense is recognized over the requisite service period, which is generally the vesting period, based on the estimated fair value on the grant date of the award. |
Income (Loss) per Common Share | Income (Loss) per Common Share - |
Comprehensive Loss | Comprehensive Loss - |
Derivative Liabilities | Derivative Liabilities - |
Income Taxes | Income Taxes - Deferred income taxes arise from temporary differences between the tax and financial statement recognition of revenue and expense. In evaluating the Company’s ability to recover its deferred tax assets, management considers all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax planning strategies and recent financial operations. In projecting future taxable income, the Company develops assumptions including the amount of future state and federal pretax operating income, the reversal of temporary differences, and the implementation of feasible and prudent tax planning strategies. These assumptions require significant judgment about the forecasts of future taxable income, and are consistent with the plans and estimates that the Company is using to manage the underlying businesses. The Company provides a valuation allowance for deferred tax assets for which the Company does not consider realization of such deferred tax assets to be more likely than not. Changes in tax laws and rates could also affect recorded deferred tax assets and liabilities in the future. Management is not aware of any such changes that would have a material effect on the Company’s results of operations, cash flows or financial position. |
Business Segments | Business Segments |
Operating Lease | Operating Lease The Company incurred rent expense of $14,508 and $13,637 for the year ended December 31, 2020 and 2019. |
Reclassifications | Reclassifications - |
Non-Controlling Interest Policy | Non-Controlling Interest Policy |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements – |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Accounting Policies [Abstract] | |
Schedule of Fair Value of Financial Instruments | The fair value of financial instruments on December 31, 2020 are summarized below: Level 1 Level 2 Level 3 Total Marketable securities $ 118,166 $ - $ - $ 118,166 Total Assets $ 118,166 $ - $ - $ 118,166 Warrant liabilities $ - $ - $ 22,914 $ 22,914 Debt derivative liabilities - - 7,541,393 7,541,393 Total Liabilities $ - $ - $ 7,564,307 $ 7,564,307 The fair value of financial instruments on December 31, 2019 are summarized below: Level 1 Level 2 Level 3 Total Marketable securities $ - $ - $ - $ - Total Assets $ - $ - $ - $ - Warrant liabilities $ - $ - $ 254,632 $ 254,632 Debt derivative liabilities - - 13,967,303 13,967,303 Total Liabilities $ - $ - $ 14,221,935 $ 14,221,935 |
Schedule of Property and Equipment Useful Lives | Depreciation is computed using the straight-line method over estimated useful lives as follows: Building 7 to 15 years Vehicles and equipment 3 to 7 years Processing and laboratory 5 to 15 years Furniture and fixtures 2 to 3 years |
Inventories, Stockpiles and M_2
Inventories, Stockpiles and Mineralized Materials on Leach Pads (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Inventory Disclosure [Abstract] | |
Schedule of Inventories | Inventories, stockpiles and mineralized materials on leach pads at December 31, 2020 and 2019 consisted of the following: December 31, 2020 December 31, 2019 Supplies $ 69,768 $ 62,912 Mineralized Material on Leach Pads 112,207 201,407 ADR Plant 153,307 92,404 Finished Ore 401,467 498,346 Total Inventories $ 736,749 $ 855,069 |
Marketable Securities Financi_2
Marketable Securities Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Investments, All Other Investments [Abstract] | |
Summary of Changes in Fair Value of Level 1 Financial Assets | The following table provides a summary of changes in fair value of the Company’s Level 1 financial assets as of December 31, 2020: Marketable Balance, December 31, 2019 $ - Transfers in upon initial fair value of marketable securities 227,165 Change in fair value of marketable securities 479,051 Sale of marketable securities (588,050 ) Balance, December 31, 2020 $ 118,166 |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Summary of Changes in Fair Value of Level 3 Financial Liabilities | The following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities as of December 31, 2020 and 2019: Derivative Liabilities Balance, December 31, 2018 $ 2,547,806 Transfers in upon initial fair value of derivative liabilities 23,328,303 Change in fair value of derivative liabilities and warrant liability (11,654,174 ) Balance, December 31, 2019 $ 14,221,935 Change in fair value of derivative liabilities and warrant liability (6,657,628 ) Balance, December 31, 2020 $ 7,564,307 |
Properties, Plant and Equipme_2
Properties, Plant and Equipment, Net (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Properties and Equipment | Properties, plant and equipment at December 31, 2020 and 2019 consisted of the following: December 31, 2020 December 31, 2019 Land $ 273,248 $ 267,471 Buildings 2,388,274 2,337,775 Machinery and Equipment 971,374 946,777 Office Equipment and Furniture 48,827 42,191 Vehicles 85,921 84,105 Construction in Process 9,015 7,487 3,776,659 3,685,806 Less Accumulated Depreciation (3,362,848 ) (3,242,458 ) Total Property, Plant and Equipment $ 413,811 $ 443,348 |
Summary of Allocation of Depreciation Expense | The following table summarizes the allocation of depreciation expense between cost of goods sold and general and administrative expenses. Depreciation Allocation December 31, 2020 December 31, 2019 Cost of Goods Sold $ 41,758 $ 176,288 General and Administrative 8,036 35,718 Total $ 49,794 $ 212,006 |
Mine Reclamation Liability (Tab
Mine Reclamation Liability (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Mine Reclamation Liability | |
Schedule of Changes in Assets Retirement Obligation | Changes to the asset retirement obligation were as follows: December 31, 2020 December 31, 2019 Balance, Beginning of Year $ 513,051 $ 341,845 Liabilities incurred 89,286 171,206 Balance, End of Year $ 602,337 $ 513,051 |
Accounts Payable and Accrued _2
Accounts Payable and Accrued Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Payables and Accruals [Abstract] | |
Schedule of Accounts Payable and Accrued Liabilities | Accounts Payable and accrued liabilities at December 31, 2020 and 2019 consisted of the following: December 31, 2020 December 31, 2019 Accounts Payable $ 719,070 $ 750,529 Accrued Liabilities 1,619,763 530,779 Accrued Salaries and Benefits 618,257 507,043 Customer Advances Payable 497,395 403,995 Total Accrued Liabilities $ 3,454,485 $ 2,192,346 |
Secured Borrowings (Tables)
Secured Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Secured Borrowings Abstract | |
Schedule of Secured Borrowings | Secured Borrowings December 31, 2020 December 31, 2019 Secured obligations $ 201,763 $ 247,571 Guaranteed interest 11,876 24,757 Deferred interest (11,550 ) (12,005 ) 202,089 260,323 Gold held as security (52,499 ) (49,257 ) Secured Borrowings, net $ 149,590 $ 211,066 |
Notes Payable (Tables)
Notes Payable (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Debt Disclosure [Abstract] | |
Schedule of Notes Payable | Notes payable were comprised of the following as of December 31, 2020 and December 31, 2019: Notes Payable December 31, 2020 December 31, 2019 Phil Zobrist $ 60,000 $ 60,000 Small Business Administration 100,000 - Total Notes Payable 160,000 60,000 Less Short-Term Notes Payable - - Total Long-Term Notes Payable $ 160,000 $ 60,000 |
Notes Payable - Related Parti_2
Notes Payable - Related Parties (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Debt Disclosure [Abstract] | |
Schedule of Notes Payable Related Parties | Notes payable – related parties were comprised of the following as of December 31, 2020 and December 31, 2019: Notes Payable - Related Parties Relationship December 31, 2020 December 31, 2019 Clavo Rico, Inc. Affiliate - Controlled by Director $ 3,377,980 $ 3,377,980 Claymore Management Affiliate - Controlled by Director 185,000 185,000 Debra D’ambrosio Immediate Family Member 50,000 57,000 Francis E. Rich IRA Immediate Family Member 50,000 100,000 Legends Capital Affiliate - Controlled by Director 715,000 755,000 LWB Irrev Trust Affiliate - Controlled by Director 1,101,000 1,101,000 MDL Ventures Affiliate - Controlled by Director 1,476,039 1,305,236 Pine Valley Investments Affiliate - Controlled by Director 150,000 - WOC Energy LLC Affiliate - Controlled by Director - 40,000 Total Notes Payable - Related Parties $ 7,105,019 $ 6,921,216 |
Convertible Notes Payable (Tabl
Convertible Notes Payable (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Debt Disclosure [Abstract] | |
Schedule of Convertible Notes Payable | Convertible notes payable were comprised of the following as of December 31, 2020 and December 31, 2019: Convertible Notes Payable December 31, 2020 December 31, 2019 Antczak Polich Law LLC $ 320,123 $ 355,980 Investor 3,448,700 3,985,000 Scotia International 400,000 400,000 Total Convertible Notes Payable 4,168,823 4,740,980 Less Unamortized Discount (774,430 ) (2,818,373 ) Total Convertible Notes Payable, Net of Unamortized Debt Discount 3,394,393 1,922,607 Less Short-Term Convertible Notes Payable (2,176,677 ) (355,980 ) Total Long-Term Convertible Notes Payable, Net of Unamortized Debt Discount $ 1,217,715 $ 1,566,627 |
Stockholders' Deficit (Tables)
Stockholders' Deficit (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Equity [Abstract] | |
Schedule of Warrants Activity | The following tables summarize the warrant activity during the years ended December 31, 2020 and 2019: Stock Warrants Number of Warrants Weighted Average Exercise Price Balance at December 31, 2018 1,043,637 $ 1.12 Granted 9,250,000 0.49 Exercised - - Forfeited (680,000 ) - Balance at December 31, 2019 9,613,637 0.53 Granted - - Exercised - - Forfeited (63,637 ) 5.23 Balance at December 31, 2020 9,550,000 $ 0.49 |
Schedule of Warrants Outstanding and Exercisable | 2020 Outstanding Warrants Warrants Exercisable Range of Exercise Price Number Outstanding at December 31, 2020 Weighted Average Remaining Contractual Life Weighted Average Exercise Price Number Exercisable at December 31, 2020 Weighted Average Exercise Price $ 0.40 - 0.75 9,550,000 1.41 years $ 0.49 9,550,000 $ 0.49 |
Net Loss Per Common Share (Tabl
Net Loss Per Common Share (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Earnings Per Share [Abstract] | |
Schedule of Reconciliation Basic and Diluted Computation of Net Loss Per Share | The following is a reconciliation of the numerator and denominator used in the basic and diluted computation of net income per share: For the Year Ended Numerator 12/31/2020 12/31/2019 Net Income (Loss) - Controlling Interest $ 2,342,299 $ (15,001,798 ) Amortization of Debt Discounts 1,980,295 - Interest Expense 1,015,328 - Loss on conversion 531,194 - Change in Derivative Liabilities (6,396,866 ) - Adjusted Net Loss - Controlling Interest $ (2,870,049 ) $ (15,001,798 ) Denominator Shares Shares Basic Weighted Average Number of Shares Outstanding during Period 68,440,532 57,056,526 Dilutive Shares 470,427,550 - Diluted Weighted Average Number of Shares Outstanding during Period 538,868,082 57,056,526 Diluted Net Loss per Share $ (0.00 ) $ (0.26 ) |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | |
Schedule of Provision for Income Tax Expense (Recovery) | The provision for income tax expense (recovery) is comprised the following amounts: Tax Reconciliations 12/31/2020 12/31/2019 Tax at Statutory Rate $ (608,810 ) $ 3,900,467 Meals and Entertainment (668 ) (800 ) Depreciation 36,227 36,227 Change in Derivative Liability 1,730,983 3,030,085 Amortization of Debt Discount (523,834 ) (5,928,512 ) Accrued Interest (522,058 ) (321,440 ) Change in Valuation of Allowance (111,840 ) (716,027 ) Tax Provision $ - $ - |
Schedule of Components of Deferred Income Tax | The components of deferred income tax in the accompanying balance sheets are as follows: Deferred Tax Assets 12/31/2020 12/31/2019 (21% Federal, 5% Average Corporate Rate) Net Operating Loss Carry-forwards $ 8,103,894 $ 7,992,723 Depreciation 181,135 217,362 Accrued Interest 522,058 321,440 Valuation Allowance (8,807,087 ) (8,531,525 ) Deferred Tax Assets $ - $ - |
Nature of Business (Details Nar
Nature of Business (Details Narrative) - USD ($) | Jan. 11, 2016 | Oct. 02, 2015 | Feb. 25, 2013 | Feb. 13, 2013 | Nov. 21, 2012 | Dec. 31, 2020 | Dec. 31, 2019 | Mar. 05, 2010 | Dec. 31, 2003 |
Common stock authorized | 500,000,000 | 500,000,000 | 100,000,000 | ||||||
Reverse stock split description | 5.5 to 1 reverse stock split | 200 to 1 reverse stock split | 200 to 1 reverse stock split | ||||||
Cancellation of stock split shares, description | Upon effectiveness of the stock split, each shareholder canceled 200 shares of common stock for every share of common stock owned as of November 21, 2012. | ||||||||
Description of equity interests issued or issuable to acquire the entity | Inception purchased the U.P. and Burlington Gold Mine in consideration of 16,000,000 shares of common stock of Inception, the assumption of promissory notes in the amount of $950,000 and the assignment of a 3% net royalty. | ||||||||
Stock issued during period for consideration of acquisition, shares | 16,000,000 | ||||||||
Promissory note issued to related party | $ 950,000 | ||||||||
Percentage of net royalty | 3.00% | ||||||||
Shares issued for conversion of debt | $ 12,000 | ||||||||
Common stock, shares outstanding | 78,668,420 | 60,035,102 | |||||||
Percentage of equity ownership interest rate | 99.90% | ||||||||
Immediately Before Reverse Split [Member] | |||||||||
Common stock, shares outstanding | 266,669,980 | ||||||||
Immediately After Reverse Split [Member] | |||||||||
Common stock, shares outstanding | 48,485,451 | ||||||||
Clavo Rico Ltd [Member] | |||||||||
Shares issued for conversion of debt, shares | 240,225,901 | ||||||||
Shares issued for conversion of debt | $ 5,488,980 | ||||||||
Accrued interest | $ 3,434,426 | ||||||||
Percentage of equity ownership interest rate | 20.00% |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details Narrative) | 12 Months Ended | |
Dec. 31, 2020USD ($)Segmentshares | Dec. 31, 2019USD ($) | |
Accounting Policies [Abstract] | ||
Accumulated deficit | $ (34,668,784) | $ (37,011,083) |
Working capital deficit | 28,064,096 | |
Cash for operating activities | (19,809) | (429,845) |
Cash equivalents | ||
Cash deposit insured by fdic | $ 250,000 | |
Market standard percentage gold | 99.95% | |
Common share equivalents diluted loss per share | shares | 11,101,927 | |
Number of operating segment | Segment | 1 | |
Operating lease, rent expense | $ 14,508 | $ 13,637 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Schedule of Fair Value of Financial Instruments (Details) - USD ($) | Dec. 31, 2020 | Dec. 31, 2019 |
Marketable securities | $ 118,166 | |
Total Assets | 118,166 | |
Warrant liabilities | 22,914 | 254,632 |
Debt derivative liabilities | 7,541,393 | 13,967,303 |
Total Liabilities | 7,564,307 | 14,221,935 |
Level 1 [Member] | ||
Marketable securities | 118,166 | |
Total Assets | 118,166 | |
Warrant liabilities | ||
Debt derivative liabilities | ||
Total Liabilities | ||
Level 2 [Member] | ||
Marketable securities | ||
Total Assets | ||
Warrant liabilities | ||
Debt derivative liabilities | ||
Total Liabilities | ||
Fair Value, Inputs, Level 3 [Member] | ||
Marketable securities | ||
Total Assets | ||
Warrant liabilities | 22,914 | 254,632 |
Debt derivative liabilities | 7,541,393 | 13,967,303 |
Total Liabilities | $ 7,564,307 | $ 14,221,935 |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies - Schedule of Property and Equipment Useful Lives (Details) | 12 Months Ended |
Dec. 31, 2020 | |
Building [Member] | Minimum [Member] | |
Properties, plant and equipment useful lives | 7 years |
Building [Member] | Maximum [Member] | |
Properties, plant and equipment useful lives | 15 years |
Vehicles and Equipment [Member] | Minimum [Member] | |
Properties, plant and equipment useful lives | 3 years |
Vehicles and Equipment [Member] | Maximum [Member] | |
Properties, plant and equipment useful lives | 7 years |
Processing and Laboratory [Member] | Minimum [Member] | |
Properties, plant and equipment useful lives | 5 years |
Processing and Laboratory [Member] | Maximum [Member] | |
Properties, plant and equipment useful lives | 15 years |
Furniture and Fixtures [Member] | Minimum [Member] | |
Properties, plant and equipment useful lives | 2 years |
Furniture and Fixtures [Member] | Maximum [Member] | |
Properties, plant and equipment useful lives | 3 years |
Inventories, Stockpiles and M_3
Inventories, Stockpiles and Mineralized Materials on Leach Pads (Details Narrative) - USD ($) | Dec. 31, 2020 | Dec. 31, 2019 |
Inventory Disclosure [Abstract] | ||
Stockpiles |
Inventories, Stockpiles and M_4
Inventories, Stockpiles and Mineralized Materials on Leach Pads - Schedule of Inventories (Details) - USD ($) | Dec. 31, 2020 | Dec. 31, 2019 |
Inventory Disclosure [Abstract] | ||
Supplies | $ 69,768 | $ 62,912 |
Mineralized Material on Leach Pads | 112,207 | 201,407 |
ADR Plant | 153,307 | 92,404 |
Finished Ore | 401,467 | 498,346 |
Total Inventories | $ 736,749 | $ 855,069 |
Marketable Securities Financi_3
Marketable Securities Financial Instruments - Summary of Changes in Fair Value of Level 1 Financial Assets (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Marketable securities, Beginning balance | ||
Change in fair value of marketable securities | 479,051 | |
Marketable securities, Ending balance | 118,166 | |
Level 1 [Member] | ||
Marketable securities, Beginning balance | ||
Transfers in upon initial fair value of marketable securities | 227,165 | |
Change in fair value of marketable securities | 479,051 | |
Sale of marketable securities | (588,050) | |
Marketable securities, Ending balance | $ 118,166 |
Derivative Financial Instrume_3
Derivative Financial Instruments (Details Narrative) | 12 Months Ended | ||
Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | May 20, 2019USD ($)$ / sharesshares | |
Derivative liability | $ 7,541,393 | $ 13,967,303 | |
Fair value derivative liability | 7,541,393 | 13,967,303 | |
Outstanding balance | 160,000 | 60,000 | |
Warrant liability | 22,914 | 254,632 | |
Note Purchase Agreement [Member] | Convertible Notes Payable [Member] | |||
Outstanding balance | $ 4,250,000 | ||
Exercise of warrant | shares | 9,520,000 | ||
Note Purchase Agreement [Member] | Convertible Notes Payable [Member] | Warrant 1 [Member] | |||
Exercise of warrant | shares | 3,750,000 | ||
Warrant exercise price | $ / shares | $ 0.40 | ||
Note Purchase Agreement [Member] | Convertible Notes Payable [Member] | Warrant 2 [Member] | |||
Exercise of warrant | shares | 3,000,000 | ||
Warrant exercise price | $ / shares | $ 0.50 | ||
Note Purchase Agreement [Member] | Convertible Notes Payable [Member] | Warrant 3 [Member] | |||
Exercise of warrant | shares | 2,500,000 | ||
Warrant exercise price | $ / shares | $ 0.60 | ||
Debt Derivative Liability [Member] | |||
Gain from change in fair value of debt derivatives | $ 6,425,910 | $ 10,160,832 | |
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Expected Dividend Rate [Member] | |||
Fair value of assumptions, percentage | 0 | 0 | |
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Price Volatility [Member] | |||
Fair value of assumptions, percentage | 153.24 | ||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Price Volatility [Member] | Minimum [Member] | |||
Fair value of assumptions, percentage | 225.30 | ||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Price Volatility [Member] | Maximum [Member] | |||
Fair value of assumptions, percentage | 256.89 | ||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||
Fair value of assumptions, percentage | 0.10 | ||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member] | |||
Fair value of assumptions, percentage | 1.58 | ||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member] | |||
Fair value of assumptions, percentage | 1.59 | ||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Expected Term [Member] | |||
Fair value of assumptions, expected life | 1 year 11 days | ||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Expected Term [Member] | Minimum [Member] | |||
Fair value of assumptions, expected life | 1 year 4 months 20 days | ||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Expected Term [Member] | Maximum [Member] | |||
Fair value of assumptions, expected life | 2 years 11 days | ||
Debt Derivative Liability [Member] | The Monte Carlo Valuation Model [Member] | Measurement Input, Price Volatility [Member] | |||
Fair value of assumptions, percentage | 160.3 | 260.9 | |
Debt Derivative Liability [Member] | The Monte Carlo Valuation Model [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||
Fair value of assumptions, percentage | 0.11 | 1.59 | |
Debt Derivative Liability [Member] | The Monte Carlo Valuation Model [Member] | Measurement Input, Expected Term [Member] | |||
Fair value of assumptions, expected life | 1 year 4 months 17 days | 2 years 4 months 20 days | |
Warrant Liability [Member] | |||
Gain from change in fair value of warrant liability | $ 231,718 | $ 1,493,342 | |
Warrant Liability [Member] | Measurement Input, Expected Dividend Rate [Member] | |||
Fair value of assumptions, percentage | 0 | 0 | |
Warrant Liability [Member] | Measurement Input, Price Volatility [Member] | |||
Fair value of assumptions, percentage | 160.3 | 222.6 | |
Warrant Liability [Member] | Measurement Input, Price Volatility [Member] | Minimum [Member] | |||
Fair value of assumptions, percentage | 176.22 | 210.75 | |
Warrant Liability [Member] | Measurement Input, Price Volatility [Member] | Maximum [Member] | |||
Fair value of assumptions, percentage | 218.59 | 226.32 | |
Warrant Liability [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||
Fair value of assumptions, percentage | 0.11 | 1.60 | |
Warrant Liability [Member] | Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member] | |||
Fair value of assumptions, percentage | 0.13 | 1.55 | |
Warrant Liability [Member] | Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member] | |||
Fair value of assumptions, percentage | 0.17 | 1.56 | |
Warrant Liability [Member] | Measurement Input, Expected Term [Member] | |||
Fair value of assumptions, expected life | 1 year 4 months 17 days | 2 years 4 months 20 days | |
Warrant Liability [Member] | Measurement Input, Expected Term [Member] | Minimum [Member] | |||
Fair value of assumptions, expected life | 1 year 7 months 10 days | 2 years 10 months 10 days | |
Warrant Liability [Member] | Measurement Input, Expected Term [Member] | Maximum [Member] | |||
Fair value of assumptions, expected life | 2 years 9 months 25 days | 4 years 26 days | |
ASC 825-10 [Member] | |||
Derivative liability | $ 7,564,307 |
Derivative Financial Instrume_4
Derivative Financial Instruments - Summary of Changes in Fair Value of Level 3 Financial Liabilities (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Derivative liabilities, beginning balances | $ 14,221,935 | $ 2,547,806 |
Transfers in upon initial fair value of derivative liabilities | 23,328,303 | |
Change in fair value of derivative liabilities and warrant liability | (6,657,628) | (11,654,174) |
Derivative liabilities, ending balances | $ 7,564,307 | $ 14,221,935 |
Properties, Plant and Equipme_3
Properties, Plant and Equipment, Net (Details Narrative) - USD ($) | Feb. 21, 2020 | Dec. 31, 2020 | Dec. 31, 2019 |
Depreciation expense | $ 49,794 | $ 212,006 | |
Cash consideration received from sale of property | 249,660 | ||
Gain on sale of mine property | $ 471,083 | ||
Ounces High Exploration, Inc [Member] | |||
Cash consideration received from sale of property | $ 250,000 | ||
Common stock received from sale of property | 66,974,252 |
Properties, Plant and Equipme_4
Properties, Plant and Equipment, Net - Schedule of Properties and Equipment (Details) - USD ($) | Dec. 31, 2020 | Dec. 31, 2019 |
Property, Plant and Equipment [Abstract] | ||
Land | $ 273,248 | $ 267,471 |
Buildings | 2,388,274 | 2,337,775 |
Machinery and Equipment | 971,374 | 946,777 |
Office Equipment and Furniture | 48,827 | 42,191 |
Vehicles | 85,921 | 84,105 |
Construction in Process | 9,015 | 7,487 |
Total Property, Plant and Equipment | 3,776,659 | 3,685,806 |
Less Accumulated Depreciation | (3,362,848) | (3,242,458) |
Total Property, Plant and Equipment | $ 413,811 | $ 443,348 |
Properties, Plant and Equipme_5
Properties, Plant and Equipment, Net - Summary of Allocation of Depreciation Expense (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Depreciation expense | $ 49,794 | $ 212,006 |
Cost of Goods Sold [Member] | ||
Depreciation expense | 41,758 | 176,288 |
General and Administrative [Member] | ||
Depreciation expense | $ 8,036 | $ 35,718 |
Mine Reclamation Liability (Det
Mine Reclamation Liability (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Fair value of long-term liability | $ 602,337 | $ 513,051 |
Inflation Rate [Member] | ||
Inflation rate | 5.30% | |
Measurement Input, Risk Free Interest Rate [Member] | ||
Fair value of assumptions, percentage | 18.00% |
Mine Reclamation Liability - Sc
Mine Reclamation Liability - Schedule of Changes in Assets Retirement Obligation (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Mine Reclamation Liability | ||
Balance, Beginning of Year | $ 513,051 | $ 341,845 |
Liabilities incurred | 89,286 | 171,206 |
Balance, End of Year | $ 602,337 | $ 513,051 |
Accounts Payable and Accrued _3
Accounts Payable and Accrued Liabilities - Schedule of Accounts Payable and Accrued Liabilities (Details) - USD ($) | Dec. 31, 2020 | Dec. 31, 2019 |
Payables and Accruals [Abstract] | ||
Accounts Payable | $ 719,070 | $ 750,529 |
Accrued Liabilities | 1,619,763 | 530,779 |
Accrued Salaries and Benefits | 618,257 | 507,043 |
Customer Advances Payable | 497,395 | 403,995 |
Total Accrued Liabilities | $ 3,454,485 | $ 2,192,346 |
Secured Borrowings (Details Nar
Secured Borrowings (Details Narrative) | Dec. 26, 2020USD ($) | Jun. 25, 2020USD ($) | Jun. 26, 2019USD ($) | Dec. 31, 2020USD ($)Number | Dec. 31, 2019USD ($)Number |
Ounces of gold | Number | 29 | 35 | |||
Gold held cost | $ 52,499 | $ 49,257 | |||
Secured borrowings | $ 149,590 | $ 211,066 | |||
Four New Arrangements [Member] | |||||
Debt instrument face amount | $ 247,571 | ||||
Debt instrument description | The terms of the arrangements require the Company to pay the combined principal balance plus a guaranteed return of no less than 10 percent, or $24,757, for a total expected remittance of $272,328. The maturity date of the notes is June 25, 2020. The terms of repayment allow the Company to remit to the lender a certain quantity of gold to satisfy the liability though the Company expects to liquidate gold held and satisfy the liability in cash. | ||||
Guaranteed return, amount | $ 24,757 | ||||
Payments of expected remittance | $ 272,328 | ||||
Debt instrument, maturity date | Jun. 25, 2020 | ||||
Two New Arrangements [Member] | |||||
Debt instrument face amount | $ 118,757 | $ 172,663 | |||
Debt instrument description | The terms of the arrangements require the Company to pay the combined principal balance plus a guaranteed return of no less than 10 percent, or $11,876, for a total expected remittance of $130,633. Also on that day, one of the lenders chose to liquidate a portion of his balance amounting to $83,006. This amount was not paid to the lender until January 2021. The maturity date of the notes is June 26, 2021. The terms of repayment allow the Company to remit to the lender a certain quantity of gold to satisfy the liability though the Company expects to liquidate gold held and satisfy the liability in cash. | The terms of the arrangements require the Company to pay the combined principal balance plus a guaranteed return of no less than 10 percent, or $17,266, for a total expected remittance of $189,929. The maturity date of the notes is December 26, 2020 | |||
Guaranteed return, amount | $ 11,876 | $ 17,266 | |||
Payments of expected remittance | $ 130,633 | $ 189,929 | |||
Debt instrument, maturity date | Jun. 26, 2021 | Dec. 26, 2020 | |||
Repayment of secured borrowing | $ 83,006 |
Secured Borrowings - Schedule o
Secured Borrowings - Schedule of Secured Borrowings (Details) - USD ($) | Dec. 31, 2020 | Dec. 31, 2019 |
Debt Disclosure [Abstract] | ||
Secured obligations | $ 201,763 | $ 247,571 |
Guaranteed interest | 11,876 | 24,757 |
Deferred interest | (11,550) | (12,005) |
Secured Borrowings, gross | 202,089 | 260,323 |
Gold held as security | (52,499) | (49,257) |
Secured Borrowings, net | $ 149,590 | $ 211,066 |
Notes Payable (Details Narrativ
Notes Payable (Details Narrative) | Oct. 18, 2020USD ($) | Apr. 17, 2020USD ($) | Oct. 02, 2016 | Oct. 02, 2015 | Jan. 11, 2013USD ($) | Dec. 31, 2020USD ($)Number$ / shares | Dec. 31, 2019USD ($) | Dec. 16, 2020USD ($) | Dec. 31, 2015USD ($) |
Outstanding balance | $ 160,000 | $ 60,000 | |||||||
Gain on extinguishment of debt | (531,194) | (410,120) | |||||||
Derivative liability | 7,541,393 | $ 13,967,303 | |||||||
Promissory Note [Member] | Small Business Administration [Member] | |||||||||
Unsecured short-term promissory note | $ 100,000 | ||||||||
Debt instruments maturity date | Apr. 16, 2022 | ||||||||
Debt instruments interest rate | 1.00% | ||||||||
Proceeds from debt | $ 100,000 | ||||||||
Accrued interest | 707 | ||||||||
Outstanding balance | 100,000 | ||||||||
Bushnet PC [Member] | Unsecured Short-Term Promissory Note [Member] | |||||||||
Unsecured short-term promissory note | $ 50,000 | ||||||||
Debt instruments maturity date | Apr. 18, 2021 | ||||||||
Debt instruments interest rate | 5.00% | ||||||||
Proceeds from debt | $ 52,500 | ||||||||
Accrued interest | 0 | $ 2,500 | |||||||
Outstanding balance | 0 | ||||||||
Phil Zobrist [Member] | Unsecured Promissory Note [Member] | |||||||||
Unsecured short-term promissory note | $ 60,000 | ||||||||
Debt instruments maturity date | Dec. 31, 2024 | Dec. 31, 2016 | |||||||
Debt instruments interest rate | 18.00% | 0.00% | |||||||
Proceeds from debt | $ 60,000 | ||||||||
Accrued interest | 86,134 | $ 29,412 | |||||||
Outstanding balance | $ 60,000 | ||||||||
Debt instruments conversion price per share | $ / shares | $ 0.99 | ||||||||
Percentage of debt discount | 50.00% | ||||||||
Number of conversion trading days | Number | 20 | ||||||||
Gain on extinguishment of debt | $ 121,337 | ||||||||
Derivative liability | $ 11,842 | ||||||||
Phil Zobrist [Member] | Unsecured Promissory Note [Member] | Pre-Split [Member] | |||||||||
Debt instruments conversion price per share | $ / shares | $ 0.18 |
Notes Payable - Schedule of Not
Notes Payable - Schedule of Notes Payable (Details) - USD ($) | Dec. 31, 2020 | Dec. 31, 2019 |
Total Notes Payable | $ 160,000 | $ 60,000 |
Less Short-Term Notes Payable | ||
Total Long-Term Notes Payable | 160,000 | 60,000 |
Phil Zobrist [Member] | ||
Total Notes Payable | 60,000 | 60,000 |
Small Business Administration [Member] | ||
Total Notes Payable | $ 100,000 |
Notes Payable - Related Parti_3
Notes Payable - Related Parties (Details Narrative) | Dec. 22, 2020USD ($) | Nov. 30, 2020USD ($) | Nov. 23, 2020USD ($) | Nov. 19, 2020USD ($) | Nov. 12, 2020USD ($) | Oct. 23, 2020USD ($) | Oct. 01, 2020USD ($) | Sep. 15, 2020USD ($) | Aug. 31, 2020USD ($) | Aug. 18, 2020USD ($) | Aug. 03, 2020USD ($) | Jul. 17, 2020USD ($) | Jul. 16, 2020USD ($) | Jul. 09, 2020USD ($) | Jun. 18, 2020USD ($) | Jun. 15, 2020USD ($) | May 27, 2020USD ($) | May 24, 2020USD ($) | May 12, 2020USD ($) | May 05, 2020USD ($) | Apr. 01, 2020USD ($) | Mar. 24, 2020USD ($) | Mar. 13, 2020USD ($) | Feb. 29, 2020USD ($) | Feb. 10, 2020USD ($) | Feb. 10, 2020USD ($) | Jan. 16, 2020USD ($) | Jan. 10, 2020USD ($) | Jan. 02, 2020USD ($) | Jan. 02, 2020USD ($) | Dec. 30, 2019USD ($) | May 21, 2019USD ($) | Apr. 05, 2019USD ($) | Sep. 30, 2018USD ($) | Nov. 06, 2017USD ($) | Apr. 03, 2017USD ($) | Oct. 02, 2015 | Oct. 02, 2015 | Oct. 01, 2014 | Feb. 14, 2013USD ($) | Mar. 18, 2011USD ($) | Dec. 31, 2020USD ($)Number$ / shares | Dec. 31, 2019USD ($) | Dec. 31, 2015USD ($) | Dec. 30, 2020USD ($) | Dec. 12, 2020USD ($) | Oct. 21, 2020USD ($) | Sep. 10, 2020USD ($) | Aug. 26, 2020USD ($) | Aug. 12, 2020USD ($) | Jul. 22, 2020USD ($) | May 21, 2020USD ($) | Mar. 26, 2020USD ($) | Mar. 18, 2020USD ($) | Feb. 28, 2020USD ($) | Feb. 24, 2020USD ($) | Jan. 29, 2020USD ($) | Jan. 14, 2020USD ($) | Jan. 11, 2020USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2003 |
Gain/loss on extinguishment of debt | $ (531,194) | $ (410,120) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized debt discount | 2,014,745 | 22,801,971 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payments for notes payable related parties | 2,102,600 | 1,688,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ownership percentage | 99.90% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative liability | $ 7,541,393 | $ 13,967,303 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MDL Ventures, LLC [Member] | Unsecured Convertible Note Payable Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 18.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instruments conversion price per share | $ / shares | $ 0.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Percentage of discount to average common stock period prior to conversion | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of conversion trading days | Number | 20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain/loss on extinguishment of debt | $ 1,487,158 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 476,039 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ownership percentage | 100.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pine Valley Investments, LLC [Member] | Unsecured Convertible Note Payable Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Dec. 31, 2020 | Jul. 5, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | 5.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 200,000 | $ 100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | $ 10,000 | $ 10,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | 110,000 | 60,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pine Valley Investments, LLC [Member] | Unsecured Convertible Note Payable Agreement Two [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pre-Split [Member] | MDL Ventures, LLC [Member] | Unsecured Convertible Note Payable Agreement [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instruments conversion price per share | $ / shares | $ 0.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Clayo Rico Incorporated [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 3,377,980 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | $ 5,127,509 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Claymore Management [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 18.00% | 18.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 185,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt | $ 185,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense | $ 151,355 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instruments conversion price per share | $ / shares | $ 0.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Percentage of discount to average common stock period prior to conversion | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of conversion trading days | Number | 20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain/loss on extinguishment of debt | $ 448,369 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized debt discount | 36,513 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 185,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | $ 326,249 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Claymore Management [Member] | Pre-Split [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instruments conversion price per share | $ / shares | $ 0.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on January 30, 2020 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Jan. 30, 2020 | Jan. 30, 2020 | Jan. 30, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | 5.00% | 5.00% | 5.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 165,000 | $ 70,000 | $ 70,000 | $ 57,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | $ 0 | $ 8,250 | $ 3,500 | $ 2,850 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 173,250 | $ 73,500 | $ 59,850 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on January 30, 2020 [Member] | Debra D'Ambrosio [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on January 30, 2020 [Member] | Debra D'Ambrosio [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on February 29, 2020 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Feb. 29, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | 5.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 187,000 | $ 187,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | $ 9,350 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 196,350 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on March 30, 2020 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Mar. 30, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 125,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | $ 6,250 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 131,250 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on April 15, 2020 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Apr. 15, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 58,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | $ 2,925 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 61,425 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on April 30, 2020 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Apr. 30, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 161,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | $ 8,050 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 169,050 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on July 15, 2020 One [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Jul. 15, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 15,300 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 7,650 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 160,650 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on July 15, 2020 One [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Jul. 15, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 40,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | $ 2,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 42,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on August 15, 2020 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Aug. 15, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 27,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | $ 1,350 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 28,350 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on August 15, 2020 One [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Aug. 15, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 27,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | $ 1,350 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 28,350 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
nsecured Short-Term Promissory Note Due on January 15, 2021 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Jan. 15, 2021 | Jan. 15, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 500.00% | 5.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 66,000 | $ 50,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 50,000 | $ 3,300 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 2,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 69,300 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on September 15, 2020 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Sep. 15, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 90,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | $ 4,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 94,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on September 15, 2020 One [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Sep. 15, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 80,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | $ 4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 84,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on September 30, 2020 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Sep. 30, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 116,100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | $ 5,805 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 121,905 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on October 15, 2020 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Oct. 15, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | $ 5,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 105,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on October 30, 2020 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Oct. 30, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 17,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | $ 850 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 17,850 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note Due on December 15, 2020 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Dec. 15, 2020 | Dec. 15, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | 5.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 123,150 | $ 73,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | $ 3,650 | 0 | $ 7,050 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 130,200 | $ 76,650 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
nsecured Short-Term Promissory Note Two Due on January 15, 2021 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note [Member] | WOC Energy, LLC [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Jun. 30, 2020 | Sep. 30, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | 5.00% | 4.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 40,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | $ 500 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 10,500 | $ 10,000 | $ 20,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payments for notes payable related parties | $ 2,000 | $ 2,000 | $ 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Promissory Note [Member] | Legends Capital Group [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 18.00% | 18.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense | 504,806 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Promissory Note [Member] | Legends Capital Group [Member] | October 2011 and September 2012 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 765,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt | $ 765,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Promissory Note [Member] | Legends Capital [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instruments conversion price per share | $ / shares | $ 0.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Percentage of discount to average common stock period prior to conversion | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of conversion trading days | Number | 20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain/loss on extinguishment of debt | $ 2,564,130 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized debt discount | 150,987 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 715,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 1,221,012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 40,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Promissory Note [Member] | LW Briggs Irrevocable Trust [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 18.00% | 18.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense | 814,784 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instruments conversion price per share | $ / shares | $ 0.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Percentage of discount to average common stock period prior to conversion | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of conversion trading days | Number | 20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain/loss on extinguishment of debt | $ 2,564,130 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized debt discount | 217,303 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 1,101,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | $ 1,855,636 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Promissory Note [Member] | LW Briggs Irrevocable Trust [Member] | December 2010 and January 2013 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 1,101,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt | $ 1,101,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Promissory Note [Member] | Silverbrook Corporation [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 18.00% | 18.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense | 1,209,606 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instruments conversion price per share | $ / shares | $ 0.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Percentage of discount to average common stock period prior to conversion | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of conversion trading days | Number | 20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain/loss on extinguishment of debt | $ 4,656,189 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized debt discount | 439,733 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | $ 2,227,980 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Promissory Note [Member] | Silverbrook Corporation [Member] | March 2011 and February 2015 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 2,227,980 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt | $ 2,227,980 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Promissory Note [Member] | Pre-Split [Member] | Legends Capital [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instruments conversion price per share | $ / shares | $ 0.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Promissory Note [Member] | Pre-Split [Member] | LW Briggs Irrevocable Trust [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instruments conversion price per share | $ / shares | 0.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Promissory Note [Member] | Pre-Split [Member] | Silverbrook Corporation [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instruments conversion price per share | $ / shares | $ 0.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Short-Term Promissory Note One [Member] | WOC Energy, LLC [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Dec. 15, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | 5.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 50,000 | $ 50,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | $ 9,000 | $ 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 59,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
GAIA Ltd. [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding principal, percentage | 100.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
GAIA Ltd. [Member] | Unsecured Short-Term Promissory Note [Member] | December 2011 and October 2012 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 1,150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from debt | $ 1,150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
GAIA Ltd. [Member] | New Convertible Note [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Dec. 31, 2016 | Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 18.00% | 18.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense | $ 724,463 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instruments conversion price per share | $ / shares | $ 0.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Percentage of discount to average common stock period prior to conversion | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of conversion trading days | Number | 20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain/loss on extinguishment of debt | $ 2,524,747 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized debt discount | 226,974 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
GAIA Ltd. [Member] | New Convertible Note [Member] | Pre-Split [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instruments conversion price per share | $ / shares | $ 0.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
GAIA Ltd. [Member] | Extended Maturity [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Dec. 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Clayo Rico Incorporated [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 18.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
D. D'Ambrosio [Member] | Unsecured Short-Term Promissory Note Due on December 15, 2020 [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | $ 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Diamond 80, LLC [Member] | Unsecured Short-Term Promissory Note [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 7.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 50,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | $ 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 4,200 | $ 75 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 49,000 | $ 1,075 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Francis E. Rich IRA [Member] | Unsecured Short-Term Promissory Note [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Feb. 14, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 15.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | 0 | $ 15,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal payment | $ 115,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Francis E. Rich IRA [Member] | Unsecured Short-Term Promissory Note Two [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Apr. 23, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt interest rate | 5.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured promissory note | $ 50,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross balance notes | 50,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on note | $ 336 |
Notes Payable - Related Parti_4
Notes Payable - Related Parties - Schedule of Notes Payable Related Parties (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Note payable - related party | $ 7,105,019 | $ 6,921,216 |
Clavo Rico Incorporated [Member] | ||
Relationship | Affiliate - Controlled by Director | Affiliate - Controlled by Director |
Note payable - related party | $ 3,377,980 | $ 3,377,980 |
Claymore Management [Member] | ||
Relationship | Affiliate - Controlled by Director | Affiliate - Controlled by Director |
Note payable - related party | $ 185,000 | $ 185,000 |
Debra D'Ambrosio [Member] | ||
Relationship | Immediate Family Member | Immediate Family Member |
Note payable - related party | $ 50,000 | $ 57,000 |
Francis E. Rich IRA [Member] | ||
Relationship | Immediate Family Member | Immediate Family Member |
Note payable - related party | $ 50,000 | $ 100,000 |
Legends Capital [Member] | ||
Relationship | Affiliate - Controlled by Director | Affiliate - Controlled by Director |
Note payable - related party | $ 715,000 | $ 755,000 |
LW Briggs Irrevocable Trust [Member] | ||
Relationship | Affiliate - Controlled by Director | Affiliate - Controlled by Director |
Note payable - related party | $ 1,101,000 | $ 1,101,000 |
MDL Ventures, LLC [Member] | ||
Relationship | Affiliate - Controlled by Director | Affiliate - Controlled by Director |
Note payable - related party | $ 1,476,039 | $ 1,305,236 |
Pine Valley Investments [Member] | ||
Relationship | Affiliate - Controlled by Director | Affiliate - Controlled by Director |
Note payable - related party | $ 150,000 | |
WOC Energy, LLC [Member] | ||
Relationship | Affiliate - Controlled by Director | Affiliate - Controlled by Director |
Note payable - related party | $ 40,000 |
Convertible Notes Payable (Deta
Convertible Notes Payable (Details Narrative) | Apr. 14, 2020USD ($) | Jul. 30, 2019USD ($) | May 20, 2019USD ($)$ / sharesshares | May 20, 2019USD ($)$ / sharesshares | Jan. 10, 2019USD ($)Number$ / shares | Dec. 01, 2018USD ($)$ / shares | Aug. 01, 2018USD ($)$ / shares | Dec. 31, 2020USD ($)shares | Dec. 31, 2019USD ($) | Jul. 29, 2019USD ($)$ / shares |
Number of common stock shares issued, value | $ 48,750 | |||||||||
Gain/loss on extinguishment of debt | $ (531,194) | (410,120) | ||||||||
Amortized debt discount | 2,014,745 | 22,801,971 | ||||||||
Unsecured Convertible Promissory Note [Member] | Antczak Polich Law, LLC [Member] | ||||||||||
Aggregate principal amount | $ 130,000 | $ 300,000 | ||||||||
Debt instruments maturity date | Dec. 1, 2019 | Aug. 1, 2019 | ||||||||
Debt instruments interest rate | 8.00% | 8.00% | ||||||||
Legal fees | $ 130,000 | $ 300,000 | 109,878 | |||||||
Debt instruments conversion price per share | $ / shares | $ 0.75 | $ 0.75 | ||||||||
Gross balance note | 300,000 | |||||||||
Accrued interest | 60,099 | |||||||||
Unsecured Convertible Promissory Note [Member] | Scotia International of Nevada, Inc [Member] | ||||||||||
Aggregate principal amount | $ 400,000 | |||||||||
Debt instruments maturity date | Jan. 10, 2022 | |||||||||
Debt instruments interest rate | 6.00% | |||||||||
Debt instruments conversion price per share | $ / shares | $ 0.50 | |||||||||
Gross balance note | 400,000 | |||||||||
Accrued interest | 47,408 | |||||||||
Amortized debt discount | 30,241 | |||||||||
Trading days | Number | 10 | |||||||||
Unsecured Convertible Promissory Note One [Member] | Antczak Polich Law, LLC [Member] | ||||||||||
Legal fees | 109,878 | |||||||||
Gross balance note | 20,123 | |||||||||
Accrued interest | 13,779 | |||||||||
Secured Convertible Promissory Note [Member] | Warrant 1 [Member] | ||||||||||
Number shares warrant purchase | shares | 3,750,000 | 3,750,000 | ||||||||
Warrant exercise price | $ / shares | $ 0.40 | $ 0.40 | ||||||||
Secured Convertible Promissory Note [Member] | Warrant 2 [Member] | ||||||||||
Number shares warrant purchase | shares | 3,000,000 | 3,000,000 | ||||||||
Warrant exercise price | $ / shares | $ 0.50 | $ 0.50 | ||||||||
Secured Convertible Promissory Note [Member] | Warrant 3 [Member] | ||||||||||
Number shares warrant purchase | shares | 2,500,000 | 2,500,000 | ||||||||
Warrant exercise price | $ / shares | $ 0.60 | $ 0.60 | ||||||||
Secured Convertible Promissory Note [Member] | Convertible Notes Payable [Member] | ||||||||||
Aggregate principal amount | $ 4,250,000 | $ 4,250,000 | 36,300 | |||||||
Debt instruments maturity date | May 20, 2022 | |||||||||
Debt instruments interest rate | 20.00% | 20.00% | ||||||||
Debt instruments conversion price per share | $ / shares | $ 0.01 | $ 0.01 | ||||||||
Gross balance note | 3,448,700 | $ 265,000 | ||||||||
Accrued interest | 1,264,969 | |||||||||
Debt default interest rate | 24.00% | 24.00% | ||||||||
Proceeds from debt | $ 500,000 | $ 3,000,000 | ||||||||
Description on conversion price | The Note is convertible into common stock, at holder's option, at 100% of market price less $0.01 per share. Market price means the mathematical average of the five lowest individually daily volume weighted average prices of the common stock from the period beginning on the issuance date and ending on the maturity date. The conversion price has a floor price of $0.01 per share of common stock | |||||||||
Number shares warrant purchase | shares | 9,250,000 | 9,250,000 | ||||||||
Warrant term | 3 years | 3 years | ||||||||
Proceeds from Warrants | $ 1,788,038 | |||||||||
Fair value of warrants | 1,211,962 | |||||||||
Early payoff penalty | 140.00% | |||||||||
Number of shares issued | shares | 17,833,942 | |||||||||
Number of common stock shares issued, value | $ 2,986,597 | |||||||||
Number of common stock price per share | $ / shares | $ 0.11 | |||||||||
Gain/loss on extinguishment of debt | $ 40,350 | $ 303,149 | $ 531,194 | |||||||
Amortized debt discount | $ 1,984,504 | |||||||||
Increased interest rate | 20.00% | |||||||||
Secured Convertible Promissory Note [Member] | Convertible Notes Payable [Member] | 2020 [Member] | ||||||||||
Debt instrument principal payment | $ 200,000 | |||||||||
Secured Convertible Promissory Note [Member] | Convertible Notes Payable [Member] | 2021 [Member] | ||||||||||
Debt instrument principal payment | $ 2,400,000 | |||||||||
Forbearance Agreement [Member] | Convertible Notes Payable [Member] | 2020 [Member] | ||||||||||
Debt instrument principal payment | $ 200,000 | |||||||||
Forbearance Agreement [Member] | Convertible Notes Payable [Member] | 2021 [Member] | ||||||||||
Debt instrument principal payment | 2,400,000 | |||||||||
Forbearance Agreement [Member] | Convertible Notes Payable [Member] | 2022 [Member] | ||||||||||
Debt instrument principal payment | $ 500,000 |
Convertible Notes Payable - Sch
Convertible Notes Payable - Schedule of Convertible Notes Payable (Details) - USD ($) | Dec. 31, 2020 | Dec. 31, 2019 |
Less Short-Term Convertible Notes Payable | $ (2,176,677) | $ (355,980) |
Antczak Polich Law, LLC [Member] | ||
Total Convertible notes payable | 320,123 | 355,980 |
Investor [Member] | ||
Total Convertible notes payable | 3,448,700 | 3,985,000 |
Scotia International [Member] | ||
Total Convertible notes payable | 400,000 | 400,000 |
Convertible Notes Payable [Member] | ||
Total Convertible notes payable | 4,168,823 | 4,740,980 |
Less Unamortized Discount | (774,430) | (2,818,373) |
Total Convertible Notes Payable, Net of Unamortized Debt Discount | 3,394,393 | 1,922,607 |
Less Short-Term Convertible Notes Payable | (2,176,677) | (355,980) |
Total Long-Term Convertible Notes Payable, Net of Unamortized Debt Discount | $ 1,217,715 | $ 1,566,627 |
Stockholders' Deficit (Details
Stockholders' Deficit (Details Narrative) - USD ($) | Dec. 29, 2020 | Dec. 22, 2020 | Dec. 01, 2020 | Nov. 25, 2020 | Oct. 29, 2020 | Oct. 05, 2020 | Sep. 09, 2020 | Aug. 07, 2020 | May 26, 2020 | May 22, 2020 | Apr. 28, 2020 | Apr. 13, 2020 | Apr. 01, 2020 | Mar. 31, 2020 | Mar. 01, 2020 | Feb. 27, 2020 | Feb. 11, 2020 | Feb. 01, 2020 | Jan. 14, 2020 | Jan. 02, 2020 | Dec. 01, 2019 | Nov. 01, 2019 | Oct. 01, 2019 | Sep. 01, 2019 | Aug. 01, 2019 | Jul. 29, 2019 | Jul. 01, 2019 | Jun. 01, 2019 | May 20, 2019 | Apr. 26, 2019 | Mar. 28, 2019 | Mar. 12, 2019 | Feb. 05, 2019 | Jan. 14, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | Jun. 30, 2020 | Mar. 03, 2020 |
Number of common stock shares issued, shares | $ 48,750 | |||||||||||||||||||||||||||||||||||||
Gain/loss on extinguishment of debt | $ (531,194) | (410,120) | ||||||||||||||||||||||||||||||||||||
Change in derivative liabilities | 6,657,628 | $ 11,654,174 | ||||||||||||||||||||||||||||||||||||
Common Stock [Member] | ||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued | 375,000 | |||||||||||||||||||||||||||||||||||||
Number of common stock shares issued, shares | $ 4 | |||||||||||||||||||||||||||||||||||||
Share cancellation, shares | $ 624 | |||||||||||||||||||||||||||||||||||||
Convertible Notes Payable [Member] | ||||||||||||||||||||||||||||||||||||||
Issued shares per share price | $ 0.005336 | $ 0.005453 | $ 0.0194 | $ 0.0080 | $ 0.0082 | $ 0.0100 | $ 0.0204 | $ 0.0235 | $ 0.034 | $ 0.052 | $ 0.06 | $ 0.038 | $ 0.0295 | $ 0.055 | $ 0.035 | |||||||||||||||||||||||
Gain/loss on extinguishment of debt | $ 33,930 | $ 23,140 | $ 10,170 | $ 21,608 | $ 28,130 | $ 30,270 | $ 30,275 | $ 27,681 | $ 37,815 | $ 11,892 | $ 57,737 | $ 44,783 | $ 53,789 | $ 29,500 | $ 90,475 | |||||||||||||||||||||||
Common stock issued was converted | 1,837,301 | 1,489,671 | 524,250 | 1,418,416 | 1,372,750 | 1,258,480 | 1,311,017 | 1,007,588 | 962,275 | 228,694 | 1,083,500 | 1,279,500 | 1,415,500 | 1,000,000 | 1,645,000 | |||||||||||||||||||||||
Common stock issued was converted value | $ 39,686 | $ 27,857 | $ 10,170 | $ 28,226 | $ 26,082 | $ 27,687 | $ 26,745 | $ 23,678 | $ 32,717 | $ 11,892 | $ 65,010 | $ 44,783 | $ 53,789 | $ 29,500 | $ 90,475 | |||||||||||||||||||||||
Aggregate principal amount | $ 7,000 | $ 5,800 | $ 8,500 | $ 11,000 | $ 11,000 | $ 11,000 | $ 15,000 | $ 4,250,000 | ||||||||||||||||||||||||||||||
Consulting Agreement [Member] | ||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||
Number of common stock shares issued, shares | $ 5,960 | $ 10,000 | $ 9,000 | $ 10,000 | $ 10,000 | $ 13,000 | $ 16,000 | $ 16,000 | $ 16,000 | $ 30,000 | $ 22,000 | |||||||||||||||||||||||||||
Issued shares per share price | $ 0.0298 | $ 0.045 | $ 0.05 | $ 0.05 | $ 0.065 | $ 0.08 | $ 0.08 | $ 0.08 | $ 0.15 | $ 0.11 | $ 0.05 | |||||||||||||||||||||||||||
Note Purchase Agreement [Member] | Convertible Notes Payable [Member] | Warrant [Member] | ||||||||||||||||||||||||||||||||||||||
Number shares warrant purchase | 9,250,000 | |||||||||||||||||||||||||||||||||||||
Warrant term | 3 years | |||||||||||||||||||||||||||||||||||||
Fair value of warrants | $ 1,711,394 | 20,103 | ||||||||||||||||||||||||||||||||||||
Change in derivative liabilities | $ 222,800 | |||||||||||||||||||||||||||||||||||||
Note Purchase Agreement [Member] | Convertible Notes Payable [Member] | Warrant 1 [Member] | ||||||||||||||||||||||||||||||||||||||
Exercise of warrant | 3,750,000 | |||||||||||||||||||||||||||||||||||||
Warrant exercise price | $ 0.40 | |||||||||||||||||||||||||||||||||||||
Note Purchase Agreement [Member] | Convertible Notes Payable [Member] | Warrant 2 [Member] | ||||||||||||||||||||||||||||||||||||||
Exercise of warrant | 3,000,000 | |||||||||||||||||||||||||||||||||||||
Warrant exercise price | $ 0.50 | |||||||||||||||||||||||||||||||||||||
Note Purchase Agreement [Member] | Convertible Notes Payable [Member] | Warrant 3 [Member] | ||||||||||||||||||||||||||||||||||||||
Exercise of warrant | 2,500,000 | |||||||||||||||||||||||||||||||||||||
Warrant exercise price | $ 0.60 | |||||||||||||||||||||||||||||||||||||
Board of Directors [Member] | ||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued | 100,000 | |||||||||||||||||||||||||||||||||||||
Number of common stock shares issued, shares | $ 12,000 | |||||||||||||||||||||||||||||||||||||
Issued shares per share price | $ 0.12 | |||||||||||||||||||||||||||||||||||||
Gain/loss on extinguishment of debt | $ 5,000 | |||||||||||||||||||||||||||||||||||||
Reduction payable | $ 7,000 | |||||||||||||||||||||||||||||||||||||
Officers Former Officers and Member Board of Directors [Member] | ||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued | 650,000 | |||||||||||||||||||||||||||||||||||||
Number of common stock shares issued, shares | $ 122,850 | |||||||||||||||||||||||||||||||||||||
Issued shares per share price | $ 0.189 | |||||||||||||||||||||||||||||||||||||
Richard Bass Jr [Member] | ||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued | 375,000 | |||||||||||||||||||||||||||||||||||||
Number of common stock shares issued, shares | $ 48,750 | |||||||||||||||||||||||||||||||||||||
Issued shares per share price | $ 0.13 | |||||||||||||||||||||||||||||||||||||
Note Holder [Member] | ||||||||||||||||||||||||||||||||||||||
Issued shares per share price | $ 0.11 | |||||||||||||||||||||||||||||||||||||
Gain/loss on extinguishment of debt | $ 40,350 | |||||||||||||||||||||||||||||||||||||
Common stock issued was converted | 2,986,597 | |||||||||||||||||||||||||||||||||||||
Common stock issued was converted value | $ 265,000 | |||||||||||||||||||||||||||||||||||||
Aggregate principal amount | $ 328,526 | |||||||||||||||||||||||||||||||||||||
Labrys Fund LP [Member] | ||||||||||||||||||||||||||||||||||||||
Number of common stock shares issued | 300,000 | 130,000 | ||||||||||||||||||||||||||||||||||||
Number of common stock shares issued, shares | $ 101,970 | $ 17,550 | ||||||||||||||||||||||||||||||||||||
Issued shares per share price | $ 0.3399 | $ 0.135 |
Stockholders' Deficit - Schedul
Stockholders' Deficit - Schedule of Warrants Activity (Details) - Warrant [Member] - $ / shares | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Number of Warrants, Beginning Balance | 9,613,637 | 1,043,637 |
Number of Warrants, Granted | 9,250,000 | |
Number of Warrants, Exercised | ||
Number of Warrants, Forfeited | (63,637) | (680,000) |
Number of Warrants, Ending Balance | 9,550,000 | 9,613,637 |
Weighted Average Exercise Price, Beginning Balance | $ 0.53 | $ 1.12 |
Weighted Average Exercise Price, Granted | 0.49 | |
Weighted Average Exercise Price, Exercised | ||
Weighted Average Exercise Price, Forfeited | 5.23 | |
Weighted Average Exercise Price, Ending Balance | $ 0.49 | $ 0.53 |
Stockholders' Deficit - Sched_2
Stockholders' Deficit - Schedule of Warrants Outstanding and Exercisable (Details) - Warrant [Member] | 12 Months Ended |
Dec. 31, 2020$ / sharesshares | |
Outstanding Warrants, Range of Exercise Price Minimum | $ 0.40 |
Outstanding Warrants, Range of Exercise Price Maximum | $ 0.75 |
Number of Warrants, Ending Balance | shares | 9,550,000 |
Weighted Average Remaining Contractual Life | 1 year 4 months 28 days |
Warrants Outstanding, Weighted Average Exercise Price | $ 0.49 |
Number of Warrants Exercisable Ending Balance | shares | 9,550,000 |
Warrants Exercisable, Weighted Average Exercise Price | $ 0.49 |
Net Loss Per Common Share - Sch
Net Loss Per Common Share - Schedule of Reconciliation Basic and Diluted Computation of Net Loss Per Share (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Earnings Per Share [Abstract] | ||
Net Income (Loss) - Controlling Interest | $ 2,342,299 | $ (15,001,798) |
Amortization of Debt Discounts | 1,980,295 | |
Interest Expense | 1,015,328 | |
Loss on conversion | 531,194 | |
Change in Derivative Liabilities | (6,396,866) | |
Adjusted Net Loss - Controlling Interest | $ (2,870,049) | $ (15,001,798) |
Basic Weighted Average Number of Shares Outstanding during Period | 68,440,532 | 57,056,526 |
Dilutive Shares | 470,427,550 | |
Diluted Weighted Average Number of Shares Outstanding during Period | 538,868,082 | 57,056,526 |
Diluted Net Loss per Share | $ 0 | $ (0.26) |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Income Tax Disclosure [Abstract] | ||
Net operating loss carry-forwards | $ 31,168,823 | $ 30,741,241 |
Federal tax amount | 1,710,000 | |
Annual limitation amount | $ 17,000 | |
Net operating loss, unutilized | $ 1,400,000 | |
Net operating loss carry-forwards expiration date | 2040 |
Income Taxes - Schedule of Prov
Income Taxes - Schedule of Provision for Income Tax Expense (Recovery) (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Income Tax Disclosure [Abstract] | ||
Tax at Statutory Rate | $ (608,810) | $ 3,900,467 |
Meals and Entertainment | (668) | (800) |
Depreciation | 36,227 | 36,227 |
Change in Derivative Liability | 1,730,983 | 3,030,085 |
Amortization of Debt Discount | (523,834) | (5,928,512) |
Accrued Interest | (522,058) | (321,440) |
Change in Valuation of Allowance | (111,840) | (76,027) |
Tax Provision |
Income Taxes - Schedule of Comp
Income Taxes - Schedule of Components of Deferred Income Tax (Details) - USD ($) | Dec. 31, 2020 | Dec. 31, 2019 |
Income Tax Disclosure [Abstract] | ||
Net Operating Loss Carry-forwards | $ 8,103,894 | $ 7,992,723 |
Depreciation | 181,135 | 217,362 |
Accrued Interest | 522,058 | 321,440 |
Valuation Allowance | (8,807,087) | (8,531,525) |
Deferred Tax Assets |
Income Taxes - Schedule of Co_2
Income Taxes - Schedule of Components of Deferred Income Tax (Details) (Parenthetical) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Income Tax Disclosure [Abstract] | ||
Percentage of statutory rate | 21.00% | 21.00% |
Average Corporate Rate | 5.00% | 5.00% |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | Apr. 02, 2019 | Oct. 31, 2017 | Feb. 28, 2014 | Dec. 31, 2020 |
Notes Payable [Member] | ||||
Due from related parties | $ 2,102,600 | |||
Due to related parties | 2,256,441 | |||
Employment Agreement [Member] | ||||
Compensation | $ 300,000 | |||
Stockholder/Director [Member] | ||||
Accrued consulting fees | $ 1,035,000 | |||
Consulting Services [Member] | ||||
Payment of consulting fees per month | $ 25,000 | $ 18,000 |
Commitments and Contingencies (
Commitments and Contingencies (Details Narrative) - Agrecon [Member] | 1 Months Ended |
Mar. 04, 2020USD ($) | |
Litigation amount | $ 930,000 |
Litigation, awarded value | $ 125,000 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - shares | Apr. 06, 2021 | Mar. 25, 2021 | Mar. 16, 2021 | Mar. 11, 2021 | Mar. 10, 2021 | Mar. 02, 2021 | Feb. 23, 2021 | Feb. 18, 2021 | Feb. 09, 2021 | Feb. 05, 2021 | Jan. 26, 2021 | Jan. 15, 2021 | Jan. 05, 2021 |
Subsequent Event [Member] | Secured Convertible Promissory Note [Member] | |||||||||||||
Common stock issued to investor under conversion | 3,307,141 | 3,149,658 | 3,018,422 | 2,913,434 | 2,834,692 | 2,677,209 | 2,703,456 | 2,677,209 | 2,755,951 | 2,598,468 | 2,624,715 | 2,598,468 | 2,493,479 |