• Filing Date: 2019-02-14
  • Form Type: S-1/A
  • Description: General form for registration of securities under the Securities Act of 1933 (Amendment)
v3.10.0.1
PROPERTY AND EQUIPMENT (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Property And Equipment    
Property, Plant and Equipment
   

September 30,

2018

   

December 31,

2017

 
Processing and rail facility   $ 2,802,855     $ 2,914,422  
Underground equipment     9,346,692       8,887,045  
Surface equipment     4,532,724       3,957,603  
Mining rights (Less: accumulated amortization of $181,385)     2,036,567       -  
Land     -       178,683  
Less: Accumulated depreciation     (6,600,108 )     (4,820,569 )
                 
Total Property and Equipment, Net   $ 12,118,730     $ 11,117,184  
    2017     2016  
Processing and rail facility   $ 2,914,422     $ 2,914,422  
Underground equipment     8,887,045       7,500,512  
Surface equipment     3,957,603       3,751,054  
Land     178,683       178,683  
Less: Accumulated depreciation     (4,820,569 )     (2,262,855 )
                 
Total Property and Equipment, Net   $ 11,117,184     $ 12,081,816  
Property, Plant and Equipment, Estimated Useful Lives
Processing and Rail Facilities 20 years  
Surface Equipment 7 years  
Underground Equipment 5 years  
Mining Rights 5 years  
Processing and Rail Facilities   20 years
Surface Equipment   7 years
Underground Equipment   5 years