Cover
Cover - shares | 6 Months Ended | |
Jun. 30, 2022 | Aug. 22, 2022 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2022 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2022 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 000-55219 | |
Entity Registrant Name | Inception Mining Inc. | |
Entity Central Index Key | 0001416090 | |
Entity Tax Identification Number | 35-2302128 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 5330 South 900 East | |
Entity Address, Address Line Two | Suite 280 | |
Entity Address, City or Town | Murray | |
Entity Address, State or Province | UT | |
Entity Address, Postal Zip Code | 84117 | |
City Area Code | 801 | |
Local Phone Number | 312-8113 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 244,634,016 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Current Assets | ||
Cash and cash equivalents | $ 33,495 | $ 55,273 |
Accounts receivable | 21,911 | 12,026 |
Inventories | 527,115 | 455,438 |
Prepaid expenses and other current assets | 48,942 | 20,271 |
Total Current Assets | 631,463 | 543,008 |
Property, plant and equipment, net | 451,880 | 431,271 |
Right of use operating lease asset | 29,644 | 36,182 |
Other assets | 160,730 | 161,576 |
Total Assets | 1,273,717 | 1,172,037 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 6,697,960 | 5,834,816 |
Accrued interest - related parties | 10,092,094 | 9,520,067 |
Operating lease liability - current portion | 13,293 | 13,076 |
Note payable - current portion | 37,891 | |
Notes payable - related parties | 2,542,551 | 2,077,811 |
Convertible notes payable - net of discount | 3,747,763 | 3,747,457 |
Derivative liabilities | 3,402,949 | 4,048,650 |
Total Current Liabilities | 26,496,610 | 25,279,768 |
Long-term note payable | 60,000 | 91,667 |
Long-term notes payable - related parties, net of current portion | 5,378,980 | 5,378,980 |
Operating lease liability, net of current portion | 16,351 | 23,106 |
Mine reclamation obligation | 710,848 | 674,074 |
Total Liabilities | 32,662,789 | 31,447,595 |
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, 235,250,345 and 162,421,850 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively | 2,352 | 1,624 |
Additional paid-in capital | 8,138,735 | 7,881,439 |
Accumulated deficit | (38,882,150) | (37,508,429) |
Accumulated other comprehensive loss | (637,311) | (639,949) |
Total Controlling Interest | (31,378,373) | (30,265,314) |
Non-Controlling Interest | (10,699) | (10,244) |
Total Stockholders’ Deficit | (31,389,072) | (30,275,558) |
Total Liabilities and Stockholders’ Deficit | $ 1,273,717 | $ 1,172,037 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2022 | Dec. 31, 2021 |
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 | 235,250,345 | 162,421,850 |
Common stock, shares outstanding | 235,250,345 | 162,421,850 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Income Statement [Abstract] | ||||
Precious Metals Income | $ 470,198 | $ 1,012,575 | $ 1,365,387 | $ 2,541,904 |
Cost of goods sold | 510,679 | 435,477 | 1,239,578 | 1,677,125 |
Gross profit (loss) | (40,481) | 577,098 | 125,809 | 864,779 |
Operating Expenses | ||||
General and administrative | 236,160 | 351,260 | 564,764 | 641,364 |
Depreciation and amortization | 1,194 | 2,571 | 2,653 | 4,599 |
Total Operating Expenses | 237,354 | 353,831 | 567,417 | 645,963 |
Income (Loss) from Operations | (277,835) | 223,267 | (441,608) | 218,816 |
Other Income/(Expenses) | ||||
Other income (expense) | 1,782 | (5,506) | 7,667 | 6,896 |
Gain on forgiveness of PPP loan | 31,667 | |||
Change in derivative liability | 600,094 | 5,907,668 | 645,701 | 2,488,616 |
Change in marketable securities | 328,970 | |||
Loss on extinguishment of debt | (133,345) | (394,722) | (257,503) | (1,491,474) |
Interest expense | (682,625) | (1,106,567) | (1,332,686) | (2,176,129) |
Total Other Income/(Expenses) | (214,094) | 4,400,873 | (905,154) | (843,121) |
Net Income (Loss) from Operations before Income Taxes | (491,929) | 4,624,140 | (1,346,762) | (624,305) |
Provision for Income Taxes | (32) | (245) | (27,414) | (157,935) |
NET INCOME (LOSS) | (491,961) | 4,623,895 | (1,374,176) | (782,240) |
NET INCOME (LOSS) - Non-Controlling Interest | 297 | (333) | 455 | (177) |
NET INCOME (LOSS) - Controlling Interest | $ (491,664) | $ 4,623,562 | $ (1,373,721) | $ (782,417) |
Net income (loss) per share - Basic | $ 0 | $ 0.04 | $ (0.01) | $ (0.01) |
Net income (loss) per share - Diluted | $ 0 | $ 0 | $ (0.01) | $ (0.01) |
Weighted average number of shares outstanding during the period - Basic | 200,018,099 | 124,823,312 | 185,458,156 | 109,255,630 |
Weighted average number of shares outstanding during the period - Diluted | 200,018,099 | 2,340,253,742 | 185,458,156 | 109,255,630 |
NET INCOME (LOSS) | $ (491,961) | $ 4,623,895 | $ (1,374,176) | $ (782,240) |
Other Comprehensive Income (Loss) | ||||
Exchange differences arising on translating foreign operations | (815) | (8,100) | (2,638) | (4,661) |
Total Comprehensive Income (Loss) | (492,776) | 4,615,795 | (1,376,814) | (786,901) |
Total Comprehensive Income (Loss) - Non-Controlling Interest | 292 | (160) | 128 | |
Total Comprehensive Income (Loss) - Controlling Interest | $ (492,776) | $ 4,616,087 | $ (1,376,974) | $ (786,773) |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Stockholders' Deficit (Unaudited) - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Noncontrolling Interest [Member] | Total |
Beginning balance, value at Dec. 31, 2020 | $ 1 | $ 787 | $ 5,882,614 | $ (34,668,784) | $ (673,185) | $ (8,675) | $ (29,467,242) |
Beginning balance, shares at Dec. 31, 2020 | 51 | 78,668,420 | |||||
Shares issued with note payable | $ 330 | 1,208,312 | 1,208,642 | ||||
Shares issued with note payable, shares | 33,045,161 | ||||||
Foreign currency translation adjustment | 3,439 | 3,439 | |||||
Net loss for the period | (5,405,979) | (156) | (5,406,135) | ||||
Ending balance, value at Mar. 31, 2021 | $ 1 | $ 1,117 | 7,090,926 | (40,074,763) | (669,746) | (8,831) | (33,661,296) |
Ending balance, shares at Mar. 31, 2021 | 51 | 111,713,581 | |||||
Beginning balance, value at Dec. 31, 2020 | $ 1 | $ 787 | 5,882,614 | (34,668,784) | (673,185) | (8,675) | (29,467,242) |
Beginning balance, shares at Dec. 31, 2020 | 51 | 78,668,420 | |||||
Net loss for the period | (782,240) | ||||||
Ending balance, value at Jun. 30, 2021 | $ 1 | $ 1,356 | 7,574,763 | (35,451,201) | (677,846) | (8,498) | (28,561,425) |
Ending balance, shares at Jun. 30, 2021 | 51 | 135,598,488 | |||||
Beginning balance, value at Mar. 31, 2021 | $ 1 | $ 1,117 | 7,090,926 | (40,074,763) | (669,746) | (8,831) | (33,661,296) |
Beginning balance, shares at Mar. 31, 2021 | 51 | 111,713,581 | |||||
Shares issued with note payable | $ 239 | 483,837 | 484,076 | ||||
Shares issued with note payable, shares | 23,884,907 | ||||||
Foreign currency translation adjustment | (8,100) | (8,100) | |||||
Net loss for the period | 4,623,562 | 333 | 4,623,895 | ||||
Ending balance, value at Jun. 30, 2021 | $ 1 | $ 1,356 | 7,574,763 | (35,451,201) | (677,846) | (8,498) | (28,561,425) |
Ending balance, shares at Jun. 30, 2021 | 51 | 135,598,488 | |||||
Beginning balance, value at Dec. 31, 2021 | $ 1 | $ 1,624 | 7,881,439 | (37,508,429) | (639,949) | (10,244) | (30,275,558) |
Beginning balance, shares at Dec. 31, 2021 | 51 | 162,421,850 | |||||
Shares issued with note payable | $ 198 | 124,101 | 124,299 | ||||
Shares issued with note payable, shares | 19,747,727 | ||||||
Foreign currency translation adjustment | (1,823) | (1,823) | |||||
Net loss for the period | (882,057) | (158) | (882,215) | ||||
Ending balance, value at Mar. 31, 2022 | $ 1 | $ 1,822 | 8,005,540 | (38,390,486) | (641,772) | (10,402) | (31,035,297) |
Ending balance, shares at Mar. 31, 2022 | 51 | 182,169,577 | |||||
Beginning balance, value at Dec. 31, 2021 | $ 1 | $ 1,624 | 7,881,439 | (37,508,429) | (639,949) | (10,244) | (30,275,558) |
Beginning balance, shares at Dec. 31, 2021 | 51 | 162,421,850 | |||||
Net loss for the period | (1,374,176) | ||||||
Ending balance, value at Jun. 30, 2022 | $ 1 | $ 2,352 | 8,138,735 | (38,882,150) | (637,311) | (10,699) | (31,389,072) |
Ending balance, shares at Jun. 30, 2022 | 51 | 235,250,345 | |||||
Beginning balance, value at Mar. 31, 2022 | $ 1 | $ 1,822 | 8,005,540 | (38,390,486) | (641,772) | (10,402) | (31,035,297) |
Beginning balance, shares at Mar. 31, 2022 | 51 | 182,169,577 | |||||
Shares issued with note payable | $ 530 | 133,195 | 133,725 | ||||
Shares issued with note payable, shares | 53,080,768 | ||||||
Foreign currency translation adjustment | 4,461 | 4,461 | |||||
Net loss for the period | (491,664) | (297) | (491,961) | ||||
Ending balance, value at Jun. 30, 2022 | $ 1 | $ 2,352 | $ 8,138,735 | $ (38,882,150) | $ (637,311) | $ (10,699) | $ (31,389,072) |
Ending balance, shares at Jun. 30, 2022 | 51 | 235,250,345 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2022 | Mar. 31, 2022 | Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Cash Flows From Operating Activities: | |||||||
Net Loss | $ (491,961) | $ (882,215) | $ 4,623,895 | $ (5,406,135) | $ (1,374,176) | $ (782,240) | |
Adjustments to reconcile net loss to net cash used in operations | |||||||
Depreciation and amortization expense | 22,377 | 26,065 | |||||
Loss on extinguishment of debt | 133,345 | 394,722 | 257,503 | 1,491,474 | |||
Change in derivative liability | (600,094) | (5,907,668) | (645,701) | (2,488,616) | |||
Gain on forgiveness of PPP loan | (31,667) | ||||||
Change in marketable securities | (328,970) | ||||||
Amortization of debt discount | 826 | 742,745 | |||||
Changes in operating assets and liabilities: | |||||||
Trade receivables | (9,830) | (496) | |||||
Inventories | (67,313) | 78,714 | |||||
Prepaid expenses and other current assets | (28,405) | 4,456 | |||||
Accounts payable and accrued liabilities | 908,345 | 672,295 | |||||
Accounts payable and accrued liabilities - related parties | 613,981 | 617,789 | |||||
Secured borrowings | 67,924 | ||||||
Net Cash Provided By (Used In) Operating Activities | (354,060) | 101,140 | |||||
Cash Flows From Investing Activities: | |||||||
Proceeds on sale of marketable securities | 447,136 | ||||||
Purchase of property, plant and equipment | (44,167) | (23,144) | |||||
Net Cash Provided By (Used In) Investing Activities | (44,167) | 423,992 | |||||
Cash Flows From Financing Activities: | |||||||
Repayment of notes payable | (37,891) | ||||||
Repayment of notes payable-related parties | (473,900) | (777,000) | |||||
Repayment of convertible notes payable | (168,857) | ||||||
Repayment of secured borrowings | (217,514) | ||||||
Proceeds from notes payable | 31,667 | ||||||
Proceeds from notes payable-related parties | 888,300 | 742,500 | |||||
Net Cash Provided by (Used In) Financing Activities | 376,509 | (389,204) | |||||
Effects of exchange rate changes on cash | (60) | 196 | |||||
Net Change in Cash | (21,778) | 136,124 | |||||
Cash at Beginning of Period | $ 55,273 | $ 34,358 | 55,273 | 34,358 | $ 34,358 | ||
Cash at End of Period | $ 33,495 | $ 170,482 | 33,495 | 170,482 | $ 55,273 | ||
Supplemental disclosure of cash flow information: | |||||||
Cash paid for interest | 158,851 | 249,931 | |||||
Cash paid for taxes | 33,832 | ||||||
Supplemental disclosure of non-cash investing and financing activities: | |||||||
Common stock issued for conversion of debt | $ 258,023 | $ 1,692,718 |
Nature of Business
Nature of Business | 6 Months Ended |
Jun. 30, 2022 | |
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) change its name to Silver America, Inc. and (2) increase its authorized common stock from 100,000,000 500,000,000 500,000,000 800,000,000 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. 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 16,000,000 950,000 3 250,000 66,974,252 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 240,225,901 5,488,980 3,434,426 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 99.9 COVID-19 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | 2. Summary of Significant Accounting Policies Going Concern 1,374,176 25,865,147 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. Principles of Consolidation Basis of Presentation Condensed Financial Statements In the opinion of management, all adjustments have been made consisting of normal recurring adjustments and consolidating entries, necessary to present fairly the consolidated financial position of the Company and subsidiaries as of June 30, 2022, the results of its consolidated statements of operations and comprehensive loss for the three and six-month periods ended June 30, 2022, its condensed consolidated statement of stockholders’ deficit and its consolidated cash flows for the six-month period ended June 30, 2022. The results of consolidated operations for the interim periods are not necessarily indicative of the results for the full year. Use of Estimates Cash and Cash Equivalents 0 0 250,000 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. Settlement of Contracts in Company’s Equity 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 June 30, 2022 are summarized below: Schedule of Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Warrant liabilities $ - $ - $ - $ - Debt derivative liabilities - - 3,402,949 3,402,949 Total Liabilities $ - $ - $ 3,402,949 $ 3,402,949 The fair value of financial instruments on December 31, 2021 are summarized below: Level 1 Level 2 Level 3 Total Warrant liabilities $ - $ - $ - $ - Debt derivative liabilities - - 4,048,650 4,048,650 Total Liabilities $ - $ - $ 4,048,650 $ 4,048,650 The Company recognizes its marketable securities as level 1 and values its marketable securities using the methods discussed below in Note 4. 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 Schedule of Property and Equipment Useful Lives Building 7 15 Vehicles and equipment 3 7 Processing and laboratory 5 15 Furniture and fixtures 2 3 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. 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. Stock Issued for Goods and Services Stock-Based Compensation Income (Loss) per Common Share 430,305,633,122 The following tables summaries the changes in the net earnings per common share for the three and six-month periods ended June 30, 2022 and 2021: Schedule of Net Earnings Per Common Share June 30, 2022 June 30, 2021 For the Three Months Ended June 30, 2022 June 30, 2021 Numerator Net Income (Loss) - Controlling Interest $ (491,664 ) $ 4,623,562 Amortization of Debt Discounts - 260,293 Interest Expense - (496,837 ) Loss on Conversion - 394,722 Change in Derivative Liabilities - (5,899,008 ) Adjusted Net Loss - Controlling Interest $ (491,664 ) $ (1,117,268 ) Shares Shares Denominator Basic Weighted Average Number of Shares Outstanding during Period 200,018,099 124,823,312 Dilutive Shares - 2,215,430,430 Diluted Weighted Average Number of Shares Outstanding during Period 200,018,099 2,340,253,742 Diluted Net Loss per Share $ (0.00 ) $ (0.00 ) June 30, 2022 June 30, 2021 For the Six Months Ended June 30, 2022 June 30, 2021 Numerator Net Income (Loss) - Controlling Interest $ (1,373,721 ) $ (782,417 ) Adjusted Net Loss - Controlling Interest $ (1,373,721 ) $ (782,417 ) Shares Shares Denominator Basic Weighted Average Number of Shares Outstanding during Period 185,458,156 109,255,630 Dilutive Shares - - Diluted Weighted Average Number of Shares Outstanding during Period 185,458,156 109,255,630 Diluted Net Loss per Share $ (0.01 ) $ (0.01 ) Other 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 one Financial Statement Reclassification Operating Lease The supplemental balance sheet information related to the operating lease for the periods is as follows: Schedule of Balance Sheet Operating Lease June 30, 2022 December 31, 2021 Operating leases Long-term right-of-use assets $ 29,644 $ 36,182 Short-term operating lease liabilities $ 13,293 $ 13,076 Long-term operating lease liabilities 16,351 23,106 Total operating lease liabilities $ 29,644 $ 36,182 Maturities of the Company’s undiscounted lease liabilities are as follows: Schedule of Maturities Undiscounted Lease Liabilities Year Ending Operating Lease 2022 $ 7,310 2023 14,876 2024 10,505 Total lease payments 32,691 Less: imputed interest/present value discount (3,047 ) Present value of lease liabilities $ 29,644 The Company incurred rent expense of $ 6,934 8,638 Non-Controlling Interest Policy Recently Issued Accounting Pronouncements |
Inventories, Stockpiles and Min
Inventories, Stockpiles and Mineralized Materials on Leach Pads | 6 Months Ended |
Jun. 30, 2022 | |
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 June 30, 2022 and December 31, 2021 consisted of the following: Schedule of Inventories June 30, 2022 December 31, 2021 Supplies $ 88,968 $ 85,068 Mineralized Material on Leach Pads 48,790 164,281 ADR Plant 88,276 113,046 Finished Ore 301,081 93,043 Total Inventories $ 527,115 $ 455,438 There were no |
Derivative Financial Instrument
Derivative Financial Instruments | 6 Months Ended |
Jun. 30, 2022 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments | 4. Derivative 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 3 financial liabilities as of June 30, 2022: Summary of Changes in Fair Value of Level 3 Financial Liabilities Debt Derivative Liabilities Balance, December 31, 2021 $ 4,048,650 Change in fair value of derivative liabilities and warrant liability (645,701 ) Balance, June 30, 2022 $ 3,402,949 Derivative Liabilities – At June 30, 2022, the Company marked to market the fair value of the debt derivatives and determined a fair value of $ 3,402,949 645,701 0 281.00 1.28 0.01 3,073,599 235,250,345 0.0014 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 – At June 30, 2022, the Company had a warrant liability of $ 0 0 0 157.57 262.62 1.28 2.80 0.11 1.32 |
Properties, Plant and Equipment
Properties, Plant and Equipment, Net | 6 Months Ended |
Jun. 30, 2022 | |
Property, Plant and Equipment [Abstract] | |
Properties, Plant and Equipment, Net | 5. Properties, Plant and Equipment, Net Properties, plant and equipment at June 30, 2022 and December 31, 2021 consisted of the following: Schedule of Properties and Equipment June 30, 2022 December 31, 2021 Land $ 335,497 $ 305,134 Buildings 2,359,092 2,365,584 Machinery and Equipment 960,715 963,289 Office Equipment and Furniture 50,197 50,331 Vehicles 101,789 102,070 Construction in Process 39,402 26,529 Property, Plant and Equipment, gross 3,846,692 3,812,937 Less Accumulated Depreciation (3,394,812 ) (3,381,666 ) Total Property, Plant and Equipment $ 451,880 $ 431,271 During the six months ended June 30, 2022 and 2021, the Company recognized depreciation expense of $ 22,377 26,065 Summary of Allocation of Depreciation Expense Depreciation Allocation June 30, 2022 June 30, 2021 Cost of Goods Sold $ 19,724 $ 21,466 General and Administrative 2,653 4,599 Total $ 22,377 $ 26,065 |
Mine Reclamation Obligation
Mine Reclamation Obligation | 6 Months Ended |
Jun. 30, 2022 | |
Mine Reclamation Obligation | |
Mine Reclamation Obligation | 6. Mine Reclamation Obligation The Company is required to mitigate long-term environmental impacts by stabilizing, contouring, re-sloping, and revegetating 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 $ 710,848 674,074 18.00 5.3 Changes to the asset retirement obligation were as follows: Schedule of Changes in Assets Retirement Obligation June 30, 2022 December 31, 2021 Balance, Beginning of Year $ 674,074 $ 602,337 Liabilities incurred 36,774 71,737 Disposal - - Balance, End of Year $ 710,848 $ 674,074 |
Accounts Payable and Accrued Li
Accounts Payable and Accrued Liabilities | 6 Months Ended |
Jun. 30, 2022 | |
Payables and Accruals [Abstract] | |
Accounts Payable and Accrued Liabilities | 7. Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities at June 30, 2022 and December 31, 2021 consisted of the following: Schedule of Accounts Payable and Accrued Liabilities June 30, 2022 December 31, 2021 Accounts Payable $ 884,273 $ 655,048 Accrued Liabilities 5,026,915 4,429,339 Accrued Salaries and Benefits 786,772 644,207 Advances Payable - 106,222 Total Accrued Liabilities $ 6,697,960 $ 5,834,816 |
Notes Payable
Notes Payable | 6 Months Ended |
Jun. 30, 2022 | |
Debt Disclosure [Abstract] | |
Notes Payable | 8. Notes Payable Notes payable were comprised of the following as of June 30, 2022 and December 31, 2021: Schedule of Notes Payable Notes Payable June 30, 2022 December 31, 2021 Phil Zobrist $ 60,000 $ 60,000 Small Business Administration - 69,558 Total Notes Payable 60,000 129,558 Less Short-Term Notes Payable - (37,891 ) Total Long-Term Notes Payable $ 60,000 $ 91,667 Phil Zobrist 60,000 0 60,000 December 31, 2016 18 29,412 0.99 0.18 50 20 December 31, 2024 121,337 11,842 60,000 102,289 Small Business Administration 100,000 April 16, 2022 1.00 100,000 31,667 April 30, 2023 3.75 31,667 31,667 31,667 68,333 0 0 |
Notes Payable _ Related Parties
Notes Payable – Related Parties | 6 Months Ended |
Jun. 30, 2022 | |
Notes Payable Related Parties | |
Notes Payable – Related Parties | 9. Notes Payable – Related Parties Notes payable – related parties were comprised of the following as of June 30, 2022 and December 31, 2021: Schedule of Related Parties Notes Payable Notes Payable - Related Parties Relationship June 30, 2022 December 31, 2021 Clavo Rico, Inc. Affiliate $ 3,377,980 $ 3,377,980 Claymore Management Affiliate 185,000 185,000 Cluff-Rich PC 401K Affiliate - Controlled by Director 60,000 - Debra D’ambrosio Immediate Family Member 383,300 178,900 Francis E. Rich IRA Immediate Family Member 100,000 100,000 Legends Capital Affiliate 715,000 715,000 LWB Irrev Trust Affiliate 1,101,000 1,101,000 MDL Ventures Affiliate - Controlled by Director 1,749,251 1,698,911 Pine Valley Investments Affiliate 250,000 100,000 Total Notes Payable - Related Parties 7,921,531 7,456,791 Less Short-Term Notes Payable - Related Parties (2,542,551 ) (2,077,811 ) Total Long-Term Notes Payable - Related Parties $ 5,378,980 $ 5,378,980 Clavo Rico, Incorporated 100 December 31, 2024 18 3,377,980 6,037,065 Claymore Management 185,000 376,062 D. D’Ambrosio – 178,900 668,300 3.00 482,990 463,900 19,090 383,300 9,637 Francis E. Rich – 50,000 December 25, 2022 5.0 50,000 7,500 Francis E. Rich – 50,000 December 25, 2022 5.0 50,000 10,000 Legends Capital Group 715,000 1,413,533 LW Briggs Irrevocable Trust 1,101,000 2,152,092 MDL Ventures 100 December 31, 2016 18 0.99 0.18 50 20 1,487,158 1,749,251 57,205 Pine Valley Investments, LLC – 100,000 January 6, 2022 5.0 October 29, 2022 90,000 13,000 Pine Valley Investments, LLC – 160,000 December 24, 2022 5.0 160,000 16,000 |
Convertible Notes Payable
Convertible Notes Payable | 6 Months Ended |
Jun. 30, 2022 | |
Convertible Notes Payable | |
Convertible Notes Payable | 10. Convertible Notes Payable Convertible notes payable were comprised of the following as of June 30, 2022 and December 31, 2021: Schedule of Convertible Notes Payable Convertible Notes Payable June 30, 2022 December 31, 2021 Antczak Polich Law LLC $ 279,123 $ 279,123 Antilles Family Office LLC 3,073,599 3,074,119 Scotia International 395,041 395,041 Total Convertible Notes Payable 3,747,763 3,748,283 Less Unamortized Discount - (826 ) Total Convertible Notes Payable, Net of Unamortized Debt Discount 3,747,763 3,747,457 Less Short-Term Convertible Notes Payable - - Total Long-Term Convertible Notes Payable, Net of Unamortized Debt Discount $ 3,747,763 $ 3,747,457 Antczak Polich Law, LLC 300,000 August 1, 2019 8 300,000 0.75 279,123 94,419 Antczak Polich Law, LLC 130,000 December 1, 2019 8 130,000 0.75 0 14,142 Antilles Family Office LLC 4,250,000 May 20, 2022 20 24 3,000,000 The Note is convertible into common stock, at holder’s option, at 100% of market price less $0.01 per share. 0.01 9,250,000 three-year 3,750,000 0.40 3,000,000 0.50 2,500,000 0.60 1,788,038 1,211,962 140 265,000 2,986,597 0.11 40,350 36,300 17,833,942 531,194 500,000 2,400,000 20 900,000 2,400,000 500,000 231,724 83,753,430 1,783,593 142,857 5,324,206 520 72,828,495 257,503 3,073,599 3,021,196 Scotia International of Nevada, Inc. 400,000 January 10, 2022 6 The Note is convertible into common stock, at holder’s option, at $0.50 per share as long as the Company’s common stock’s bid price is less than $0.75 per share. If the bid price is more than $0.75 per share, then Scotia may elect to convert at the average bid price of the common stock during the 10-trading day period prior to conversion. 826 395,042 83,063 |
Stockholders_ Deficit
Stockholders’ Deficit | 6 Months Ended |
Jun. 30, 2022 | |
Equity [Abstract] | |
Stockholders’ Deficit | 11. Stockholders’ Deficit Common Stock On January 25, 2022, the Company issued to Antilles Family Office, LLC 5,602,192 40 0.007 39,215 39,175 On February 17, 2022, the Company issued to Antilles Family Office, LLC 4,201,644 30 0.0075 31,512 31,482 On March 2, 2022, the Company issued to Antilles Family Office, LLC 4,901,918 35 0.0063 30,882 30,847 On March 18, 2022, the Company issued to Antilles Family Office, LLC 5,041,973 36 0.0045 22,689 22,653 On April 5, 2022, the Company issued to Antilles Family Office, LLC 4,341,699 31 0.0046 19,972 19,941 On April 18, 2022, the Company issued to Antilles Family Office, LLC 4,481,753 32 0.0035 15,686 15,654 On April 25, 2022, the Company issued to Antilles Family Office, LLC 4,761,863 34 0.0037 17,619 17,585 On May 20, 2022, the Company issued to Antilles Family Office, LLC 5,041,973 36 0.0029 14,622 14,586 On June 2, 2022, the Company issued to Antilles Family Office, LLC 5,322,082 38 0.0026 13,837 13,799 On June 13, 2022, the Company issued to Antilles Family Office, LLC 5,602,192 40 0.0025 14,005 13,965 On June 17, 2022, the Company issued to Antilles Family Office, LLC 6,302,466 45 0.0014 8,823 8,778 On June 23, 2022, the Company issued to Antilles Family Office, LLC 8,403,288 60 0.002 16,807 16,747 On June 28, 2022, the Company issued to Antilles Family Office, LLC 8,823,452 63 0.0014 12,353 12,290 Warrants The following tables summarize the warrant activity during the six months ended June 30, 2022 and the year ended December 31, 2021: Schedule of Warrants Activity Stock Warrants Number of Warrants Weighted Average Exercise Price Balance at December 31, 2020 9,550,000 $ 0.50 Granted - - Exercised - - Expired - - Balance at December 31, 2021 9,550,000 0.50 Granted - - Exercised - - Expired (9,250,000 ) 0.50 Balance at June 30, 2022 300,000 $ 0.75 Schedule of Warrants Outstanding and Exercisable 2022 Outstanding Warrants Warrants Exercisable Range of Exercise Price Number Outstanding at June 30, 2022 Weighted Average Remaining Contractual Life Weighted Average Exercise Price Number Exercisable at June 30, 2022 Weighted Average Exercise Price $ 0.75 300,000 0.77 $ 0.75 300,000 $ 0.75 |
Income Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2022 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 12. Income Taxes The Company’s subsidiaries, Compania Minera Cerros del Sur and Compania Minera Clavo Rico, which are located in Honduras, are required to pay income tax and solidarity tax on their income and/or assets annually. During the six-month period ended June 30, 2022 and the company accrued a tax liability of $ 27,382 0 |
Related Party Transactions
Related Party Transactions | 6 Months Ended |
Jun. 30, 2022 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | 13. Related Party Transactions Consulting Agreement 18,000 25,000 1,035,000 Mr. Cluff currently serves as a director of the Company and has a separate agreement as a consultant of the Company effective as of October 2, 2015. Employment Agreements 300,000 Notes Payable – 888,300 473,900 |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 14. Commitments and Contingencies Litigation From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties and an adverse result in these or other matters may arise from time to time that may harm our business. Except as set forth below, we are currently not aware of any such pending or threatened legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results. On December 30, 2021, the Company was served with a complaint filed by Antilles Family Office, LLC (“Antilles”) alleging an amount of $ 5,324,206 has been partially successful on those claims. As of June 10, 2022, Inception Mining, Inc. (the “ Company Settlement Agreement Investor Court Securities Act 541,449,789 1,000,000 1,500,000 Since the cancellation of the hearing regarding the Settlement, the litigation with Antilles has continued. On August 17, 2022, a hearing on the litigation was held and the Court granted in part the Company’s Motion to Dismiss. Specifically, Count II (Money Had and Received), Count IV (Injunctive Relief), and Count V (Replevin) were dismissed. The Court granted leave for Antilles to amend the Complaint to add requests for injunctive relief and replevin as remedies for breach of contract and will allow 21 days if Antilles wants to file an Amended Complaint. As a result of this ruling, the Complaint is reduced to one claim for breach of contract, and one claim for unjust enrichment. The Company plans to continue to defend the lawsuit aggressively. On June 28, 2021, one of the Company’s subsidiaries, Compañía Minera Clavo Rico, S.A. de C.V., settled a labor dispute brought in Honduras by one of the Company’s former employees for an amount of $ 19,408 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 $ 1,350,000 125,000 The Servicio de Administración de Rentas (“SAR,” the tax authority in Honduras) has completed an audit of the Company’s tax returns for 2017 and 2018. The Company’s subsidiary, Compañía Minera Clavo Rico, S.A. de C.V. (“CMCS”), has been served with a lawsuit filed by SAR in Honduras alleging additional tax liability due based on vendor use. The Complaint alleges that HNL7,186,151,96 lempires are due in a demand for execution of a forced extrajudicial title and CMCS has filed a legal challenge to this assessment. While this tax matter is pending, the Honduran authorities have disallowed CMCS’ ability to invoice its gold dore, thus prohibiting them from exporting the gold to the United States. Since May 2022, the Company has been unable to import the gold dore produced at the CMSC mine in Honduras. The Company has accrued $ 256,674 |
Concentrations
Concentrations | 6 Months Ended |
Jun. 30, 2022 | |
Risks and Uncertainties [Abstract] | |
Concentrations | 15. Concentrations We generally sell a significant portion of our mineral production to a relatively small number of customers. For the six months ended June 30, 2022, one hundred percent ( 100 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 | 6 Months Ended |
Jun. 30, 2022 | |
Subsequent Events [Abstract] | |
Subsequent Events | 16. Subsequent Events Management has evaluated subsequent events, in accordance with FASB ASC Topic 855, “Subsequent Events,” through the date which the financial statements were available to be issued and there are no material subsequent events, except as noted below: On July 8, 2022, the Company issued to Antilles Family Office, LLC 9,383,671 On June 24, 2022, the Company’s Board of Directors authorized an increase to its authorized shares of common stock to 10,300,000,000 |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
Going Concern | Going Concern 1,374,176 25,865,147 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. |
Principles of Consolidation | Principles of Consolidation |
Basis of Presentation | Basis of Presentation |
Condensed Financial Statements | Condensed Financial Statements In the opinion of management, all adjustments have been made consisting of normal recurring adjustments and consolidating entries, necessary to present fairly the consolidated financial position of the Company and subsidiaries as of June 30, 2022, the results of its consolidated statements of operations and comprehensive loss for the three and six-month periods ended June 30, 2022, its condensed consolidated statement of stockholders’ deficit and its consolidated cash flows for the six-month period ended June 30, 2022. The results of consolidated operations for the interim periods are not necessarily indicative of the results for the full year. |
Use of Estimates | Use of Estimates |
Cash and Cash Equivalents | Cash and Cash Equivalents 0 0 250,000 |
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. |
Settlement of Contracts in Company’s Equity | Settlement of Contracts in Company’s Equity |
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 June 30, 2022 are summarized below: Schedule of Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Warrant liabilities $ - $ - $ - $ - Debt derivative liabilities - - 3,402,949 3,402,949 Total Liabilities $ - $ - $ 3,402,949 $ 3,402,949 The fair value of financial instruments on December 31, 2021 are summarized below: Level 1 Level 2 Level 3 Total Warrant liabilities $ - $ - $ - $ - Debt derivative liabilities - - 4,048,650 4,048,650 Total Liabilities $ - $ - $ 4,048,650 $ 4,048,650 The Company recognizes its marketable securities as level 1 and values its marketable securities using the methods discussed below in Note 4. 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 Schedule of Property and Equipment Useful Lives Building 7 15 Vehicles and equipment 3 7 Processing and laboratory 5 15 Furniture and fixtures 2 3 |
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. 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. |
Stock Issued for Goods and Services | Stock Issued for Goods and Services |
Stock-Based Compensation | Stock-Based Compensation |
Income (Loss) per Common Share | Income (Loss) per Common Share 430,305,633,122 The following tables summaries the changes in the net earnings per common share for the three and six-month periods ended June 30, 2022 and 2021: Schedule of Net Earnings Per Common Share June 30, 2022 June 30, 2021 For the Three Months Ended June 30, 2022 June 30, 2021 Numerator Net Income (Loss) - Controlling Interest $ (491,664 ) $ 4,623,562 Amortization of Debt Discounts - 260,293 Interest Expense - (496,837 ) Loss on Conversion - 394,722 Change in Derivative Liabilities - (5,899,008 ) Adjusted Net Loss - Controlling Interest $ (491,664 ) $ (1,117,268 ) Shares Shares Denominator Basic Weighted Average Number of Shares Outstanding during Period 200,018,099 124,823,312 Dilutive Shares - 2,215,430,430 Diluted Weighted Average Number of Shares Outstanding during Period 200,018,099 2,340,253,742 Diluted Net Loss per Share $ (0.00 ) $ (0.00 ) June 30, 2022 June 30, 2021 For the Six Months Ended June 30, 2022 June 30, 2021 Numerator Net Income (Loss) - Controlling Interest $ (1,373,721 ) $ (782,417 ) Adjusted Net Loss - Controlling Interest $ (1,373,721 ) $ (782,417 ) Shares Shares Denominator Basic Weighted Average Number of Shares Outstanding during Period 185,458,156 109,255,630 Dilutive Shares - - Diluted Weighted Average Number of Shares Outstanding during Period 185,458,156 109,255,630 Diluted Net Loss per Share $ (0.01 ) $ (0.01 ) |
Other Comprehensive Loss | Other 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 one |
Financial Statement Reclassification | Financial Statement Reclassification |
Operating Lease | Operating Lease The supplemental balance sheet information related to the operating lease for the periods is as follows: Schedule of Balance Sheet Operating Lease June 30, 2022 December 31, 2021 Operating leases Long-term right-of-use assets $ 29,644 $ 36,182 Short-term operating lease liabilities $ 13,293 $ 13,076 Long-term operating lease liabilities 16,351 23,106 Total operating lease liabilities $ 29,644 $ 36,182 Maturities of the Company’s undiscounted lease liabilities are as follows: Schedule of Maturities Undiscounted Lease Liabilities Year Ending Operating Lease 2022 $ 7,310 2023 14,876 2024 10,505 Total lease payments 32,691 Less: imputed interest/present value discount (3,047 ) Present value of lease liabilities $ 29,644 The Company incurred rent expense of $ 6,934 8,638 |
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) | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
Schedule of Fair Value of Financial Instruments | The fair value of financial instruments on June 30, 2022 are summarized below: Schedule of Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Warrant liabilities $ - $ - $ - $ - Debt derivative liabilities - - 3,402,949 3,402,949 Total Liabilities $ - $ - $ 3,402,949 $ 3,402,949 The fair value of financial instruments on December 31, 2021 are summarized below: Level 1 Level 2 Level 3 Total Warrant liabilities $ - $ - $ - $ - Debt derivative liabilities - - 4,048,650 4,048,650 Total Liabilities $ - $ - $ 4,048,650 $ 4,048,650 |
Schedule of Property and Equipment Useful Lives | Schedule of Property and Equipment Useful Lives Building 7 15 Vehicles and equipment 3 7 Processing and laboratory 5 15 Furniture and fixtures 2 3 |
Schedule of Net Earnings Per Common Share | The following tables summaries the changes in the net earnings per common share for the three and six-month periods ended June 30, 2022 and 2021: Schedule of Net Earnings Per Common Share June 30, 2022 June 30, 2021 For the Three Months Ended June 30, 2022 June 30, 2021 Numerator Net Income (Loss) - Controlling Interest $ (491,664 ) $ 4,623,562 Amortization of Debt Discounts - 260,293 Interest Expense - (496,837 ) Loss on Conversion - 394,722 Change in Derivative Liabilities - (5,899,008 ) Adjusted Net Loss - Controlling Interest $ (491,664 ) $ (1,117,268 ) Shares Shares Denominator Basic Weighted Average Number of Shares Outstanding during Period 200,018,099 124,823,312 Dilutive Shares - 2,215,430,430 Diluted Weighted Average Number of Shares Outstanding during Period 200,018,099 2,340,253,742 Diluted Net Loss per Share $ (0.00 ) $ (0.00 ) June 30, 2022 June 30, 2021 For the Six Months Ended June 30, 2022 June 30, 2021 Numerator Net Income (Loss) - Controlling Interest $ (1,373,721 ) $ (782,417 ) Adjusted Net Loss - Controlling Interest $ (1,373,721 ) $ (782,417 ) Shares Shares Denominator Basic Weighted Average Number of Shares Outstanding during Period 185,458,156 109,255,630 Dilutive Shares - - Diluted Weighted Average Number of Shares Outstanding during Period 185,458,156 109,255,630 Diluted Net Loss per Share $ (0.01 ) $ (0.01 ) |
Schedule of Balance Sheet Operating Lease | The supplemental balance sheet information related to the operating lease for the periods is as follows: Schedule of Balance Sheet Operating Lease June 30, 2022 December 31, 2021 Operating leases Long-term right-of-use assets $ 29,644 $ 36,182 Short-term operating lease liabilities $ 13,293 $ 13,076 Long-term operating lease liabilities 16,351 23,106 Total operating lease liabilities $ 29,644 $ 36,182 |
Schedule of Maturities Undiscounted Lease Liabilities | Maturities of the Company’s undiscounted lease liabilities are as follows: Schedule of Maturities Undiscounted Lease Liabilities Year Ending Operating Lease 2022 $ 7,310 2023 14,876 2024 10,505 Total lease payments 32,691 Less: imputed interest/present value discount (3,047 ) Present value of lease liabilities $ 29,644 |
Inventories, Stockpiles and M_2
Inventories, Stockpiles and Mineralized Materials on Leach Pads (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Inventory Disclosure [Abstract] | |
Schedule of Inventories | Inventories, stockpiles and mineralized materials on leach pads at June 30, 2022 and December 31, 2021 consisted of the following: Schedule of Inventories June 30, 2022 December 31, 2021 Supplies $ 88,968 $ 85,068 Mineralized Material on Leach Pads 48,790 164,281 ADR Plant 88,276 113,046 Finished Ore 301,081 93,043 Total Inventories $ 527,115 $ 455,438 |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
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 June 30, 2022: Summary of Changes in Fair Value of Level 3 Financial Liabilities Debt Derivative Liabilities Balance, December 31, 2021 $ 4,048,650 Change in fair value of derivative liabilities and warrant liability (645,701 ) Balance, June 30, 2022 $ 3,402,949 |
Properties, Plant and Equipme_2
Properties, Plant and Equipment, Net (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Properties and Equipment | Properties, plant and equipment at June 30, 2022 and December 31, 2021 consisted of the following: Schedule of Properties and Equipment June 30, 2022 December 31, 2021 Land $ 335,497 $ 305,134 Buildings 2,359,092 2,365,584 Machinery and Equipment 960,715 963,289 Office Equipment and Furniture 50,197 50,331 Vehicles 101,789 102,070 Construction in Process 39,402 26,529 Property, Plant and Equipment, gross 3,846,692 3,812,937 Less Accumulated Depreciation (3,394,812 ) (3,381,666 ) Total Property, Plant and Equipment $ 451,880 $ 431,271 |
Summary of Allocation of Depreciation Expense | Summary of Allocation of Depreciation Expense Depreciation Allocation June 30, 2022 June 30, 2021 Cost of Goods Sold $ 19,724 $ 21,466 General and Administrative 2,653 4,599 Total $ 22,377 $ 26,065 |
Mine Reclamation Obligation (Ta
Mine Reclamation Obligation (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Mine Reclamation Obligation | |
Schedule of Changes in Assets Retirement Obligation | Changes to the asset retirement obligation were as follows: Schedule of Changes in Assets Retirement Obligation June 30, 2022 December 31, 2021 Balance, Beginning of Year $ 674,074 $ 602,337 Liabilities incurred 36,774 71,737 Disposal - - Balance, End of Year $ 710,848 $ 674,074 |
Accounts Payable and Accrued _2
Accounts Payable and Accrued Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Payables and Accruals [Abstract] | |
Schedule of Accounts Payable and Accrued Liabilities | Accounts payable and accrued liabilities at June 30, 2022 and December 31, 2021 consisted of the following: Schedule of Accounts Payable and Accrued Liabilities June 30, 2022 December 31, 2021 Accounts Payable $ 884,273 $ 655,048 Accrued Liabilities 5,026,915 4,429,339 Accrued Salaries and Benefits 786,772 644,207 Advances Payable - 106,222 Total Accrued Liabilities $ 6,697,960 $ 5,834,816 |
Notes Payable (Tables)
Notes Payable (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Debt Disclosure [Abstract] | |
Schedule of Notes Payable | Notes payable were comprised of the following as of June 30, 2022 and December 31, 2021: Schedule of Notes Payable Notes Payable June 30, 2022 December 31, 2021 Phil Zobrist $ 60,000 $ 60,000 Small Business Administration - 69,558 Total Notes Payable 60,000 129,558 Less Short-Term Notes Payable - (37,891 ) Total Long-Term Notes Payable $ 60,000 $ 91,667 |
Notes Payable _ Related Parti_2
Notes Payable – Related Parties (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Payable Related Parties | |
Schedule of Related Parties Notes Payable | Notes payable – related parties were comprised of the following as of June 30, 2022 and December 31, 2021: Schedule of Related Parties Notes Payable Notes Payable - Related Parties Relationship June 30, 2022 December 31, 2021 Clavo Rico, Inc. Affiliate $ 3,377,980 $ 3,377,980 Claymore Management Affiliate 185,000 185,000 Cluff-Rich PC 401K Affiliate - Controlled by Director 60,000 - Debra D’ambrosio Immediate Family Member 383,300 178,900 Francis E. Rich IRA Immediate Family Member 100,000 100,000 Legends Capital Affiliate 715,000 715,000 LWB Irrev Trust Affiliate 1,101,000 1,101,000 MDL Ventures Affiliate - Controlled by Director 1,749,251 1,698,911 Pine Valley Investments Affiliate 250,000 100,000 Total Notes Payable - Related Parties 7,921,531 7,456,791 Less Short-Term Notes Payable - Related Parties (2,542,551 ) (2,077,811 ) Total Long-Term Notes Payable - Related Parties $ 5,378,980 $ 5,378,980 |
Convertible Notes Payable (Tabl
Convertible Notes Payable (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Convertible Notes Payable | |
Schedule of Convertible Notes Payable | Convertible notes payable were comprised of the following as of June 30, 2022 and December 31, 2021: Schedule of Convertible Notes Payable Convertible Notes Payable June 30, 2022 December 31, 2021 Antczak Polich Law LLC $ 279,123 $ 279,123 Antilles Family Office LLC 3,073,599 3,074,119 Scotia International 395,041 395,041 Total Convertible Notes Payable 3,747,763 3,748,283 Less Unamortized Discount - (826 ) Total Convertible Notes Payable, Net of Unamortized Debt Discount 3,747,763 3,747,457 Less Short-Term Convertible Notes Payable - - Total Long-Term Convertible Notes Payable, Net of Unamortized Debt Discount $ 3,747,763 $ 3,747,457 |
Stockholders_ Deficit (Tables)
Stockholders’ Deficit (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Equity [Abstract] | |
Schedule of Warrants Activity | The following tables summarize the warrant activity during the six months ended June 30, 2022 and the year ended December 31, 2021: Schedule of Warrants Activity Stock Warrants Number of Warrants Weighted Average Exercise Price Balance at December 31, 2020 9,550,000 $ 0.50 Granted - - Exercised - - Expired - - Balance at December 31, 2021 9,550,000 0.50 Granted - - Exercised - - Expired (9,250,000 ) 0.50 Balance at June 30, 2022 300,000 $ 0.75 |
Schedule of Warrants Outstanding and Exercisable | Schedule of Warrants Outstanding and Exercisable 2022 Outstanding Warrants Warrants Exercisable Range of Exercise Price Number Outstanding at June 30, 2022 Weighted Average Remaining Contractual Life Weighted Average Exercise Price Number Exercisable at June 30, 2022 Weighted Average Exercise Price $ 0.75 300,000 0.77 $ 0.75 300,000 $ 0.75 |
Nature of Business (Details Nar
Nature of Business (Details Narrative) - USD ($) | Feb. 21, 2020 | Oct. 02, 2015 | Feb. 25, 2013 | Nov. 21, 2012 | Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 30, 2020 | Mar. 05, 2010 | Mar. 04, 2010 | Dec. 31, 2003 |
Common stock, shares authorized | 500,000,000 | 500,000,000 | 800,000,000 | 500,000,000 | 500,000,000 | 100,000,000 | |||||
Reverse stock split description | 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. | ||||||||||
Stock issued during period for consideration of acquisition, shares | 16,000,000 | ||||||||||
Promissory note issued to related party | $ 950,000 | $ 7,921,531 | $ 7,456,791 | ||||||||
Percentage of net royalty | 3% | ||||||||||
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% | ||||||||||
Percentage of equity ownership interest rate | 99.90% | ||||||||||
Ounces High Exploration, Inc. [Member] | |||||||||||
Cash consideration received in exchange of properties | $ 250,000 | ||||||||||
Number of shares sold in exchange of properties | 66,974,252 | ||||||||||
Gold American Mining Corp [Member] | |||||||||||
Description of equity interests issued or issuable to acquire the entity | 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 $950,000 and the assignment of a 3% net royalty. |
Schedule of Fair Value of Finan
Schedule of Fair Value of Financial Instruments (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Defined Benefit Plan Disclosure [Line Items] | ||
Warrant liabilities | ||
Debt derivative liabilities | 3,402,949 | 4,048,650 |
Total Liabilities | 3,402,949 | 4,048,650 |
Fair Value, Inputs, Level 1 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Warrant liabilities | ||
Debt derivative liabilities | ||
Total Liabilities | ||
Fair Value, Inputs, Level 2 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Warrant liabilities | ||
Debt derivative liabilities | ||
Total Liabilities | ||
Fair Value, Inputs, Level 3 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Warrant liabilities | ||
Debt derivative liabilities | 3,402,949 | 4,048,650 |
Total Liabilities | $ 3,402,949 | $ 4,048,650 |
Schedule of Property and Equipm
Schedule of Property and Equipment Useful Lives (Details) | 6 Months Ended |
Jun. 30, 2022 | |
Minimum [Member] | Building [Member] | |
Property, Plant and Equipment [Line Items] | |
Properties, plant and equipment useful lives | 7 years |
Minimum [Member] | Vehicles and Equipment [Member] | |
Property, Plant and Equipment [Line Items] | |
Properties, plant and equipment useful lives | 3 years |
Minimum [Member] | Processing and Laboratory [Member] | |
Property, Plant and Equipment [Line Items] | |
Properties, plant and equipment useful lives | 5 years |
Minimum [Member] | Furniture and Fixtures [Member] | |
Property, Plant and Equipment [Line Items] | |
Properties, plant and equipment useful lives | 2 years |
Maximum [Member] | Building [Member] | |
Property, Plant and Equipment [Line Items] | |
Properties, plant and equipment useful lives | 15 years |
Maximum [Member] | Vehicles and Equipment [Member] | |
Property, Plant and Equipment [Line Items] | |
Properties, plant and equipment useful lives | 7 years |
Maximum [Member] | Processing and Laboratory [Member] | |
Property, Plant and Equipment [Line Items] | |
Properties, plant and equipment useful lives | 15 years |
Maximum [Member] | Furniture and Fixtures [Member] | |
Property, Plant and Equipment [Line Items] | |
Properties, plant and equipment useful lives | 3 years |
Schedule of Net Earnings Per Co
Schedule of Net Earnings Per Common Share (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Accounting Policies [Abstract] | ||||
Net Income (Loss) - Controlling Interest | $ (491,664) | $ 4,623,562 | $ (1,373,721) | $ (782,417) |
Amortization of Debt Discounts | 260,293 | |||
Interest Expense | (496,837) | |||
Loss on Conversion | 394,722 | |||
Change in Derivative Liabilities | (5,899,008) | |||
Adjusted Net Loss - Controlling Interest | $ (491,664) | $ (1,117,268) | $ (1,373,721) | $ (782,417) |
Basic Weighted Average Number of Shares Outstanding during Period | 200,018,099 | 124,823,312 | 185,458,156 | 109,255,630 |
Dilutive Shares | 2,215,430,430 | |||
Diluted Weighted Average Number of Shares Outstanding during Period | 200,018,099 | 2,340,253,742 | 185,458,156 | 109,255,630 |
Diluted Net Loss per Share | $ 0 | $ 0 | $ (0.01) | $ (0.01) |
Schedule of Balance Sheet Opera
Schedule of Balance Sheet Operating Lease (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Accounting Policies [Abstract] | ||
Long-term right-of-use assets | $ 29,644 | $ 36,182 |
Short-term operating lease liabilities | 13,293 | 13,076 |
Long-term operating lease liabilities | 16,351 | 23,106 |
Total operating lease liabilities | $ 29,644 | $ 36,182 |
Schedule of Maturities Undiscou
Schedule of Maturities Undiscounted Lease Liabilities (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Accounting Policies [Abstract] | ||
2022 | $ 7,310 | |
2023 | 14,876 | |
2024 | 10,505 | |
Total lease payments | 32,691 | |
Less: imputed interest/present value discount | (3,047) | |
Present value of lease liabilities | $ 29,644 | $ 36,182 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details Narrative) | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2022 USD ($) | Mar. 31, 2022 USD ($) | Jun. 30, 2021 USD ($) | Mar. 31, 2021 USD ($) | Jun. 30, 2022 USD ($) Segment shares | Jun. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) | |
Property, Plant and Equipment [Line Items] | |||||||
Net loss | $ 491,961 | $ 882,215 | $ (4,623,895) | $ 5,406,135 | $ 1,374,176 | $ 782,240 | |
Working capital deficit | 25,865,147 | 25,865,147 | |||||
Cash equivalents | 0 | $ 0 | $ 0 | ||||
Common share equivalents excluded from calculation of diluted loss per share | shares | 430,305,633,122 | ||||||
Number of operating segments | Segment | 1 | ||||||
Operating lease rent expense | $ 6,934 | $ 8,638 | |||||
Maximum [Member] | |||||||
Property, Plant and Equipment [Line Items] | |||||||
Cash deposit insured by fdic | $ 250,000 | $ 250,000 |
Schedule of Inventories (Detail
Schedule of Inventories (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Inventory Disclosure [Abstract] | ||
Supplies | $ 88,968 | $ 85,068 |
Mineralized Material on Leach Pads | 48,790 | 164,281 |
ADR Plant | 88,276 | 113,046 |
Finished Ore | 301,081 | 93,043 |
Total Inventories | $ 527,115 | $ 455,438 |
Inventories, Stockpiles and M_3
Inventories, Stockpiles and Mineralized Materials on Leach Pads (Details Narrative) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Inventory Disclosure [Abstract] | ||
Stockpiles | $ 0 | $ 0 |
Summary of Changes in Fair Valu
Summary of Changes in Fair Value of Level 3 Financial Liabilities (Details) - Fair Value, Inputs, Level 3 [Member] | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
Defined Benefit Plan Disclosure [Line Items] | |
Derivative liabilities, beginning balances | $ 4,048,650 |
Change in fair value of derivative liabilities and warrant liability | (645,701) |
Derivative liabilities, ending balances | $ 3,402,949 |
Derivative Financial Instrume_3
Derivative Financial Instruments (Details Narrative) | 6 Months Ended | |||
May 20, 2019 USD ($) | Jun. 30, 2022 USD ($) $ / shares shares | Dec. 31, 2021 USD ($) shares | Jul. 29, 2019 USD ($) | |
Derivative [Line Items] | ||||
Debt derivative liabilities | $ 3,402,949 | $ 4,048,650 | ||
Common stock shares outstanding | shares | 235,250,345 | 162,421,850 | ||
Share price | $ / shares | $ 0.0014 | |||
Warrant liability | $ 0 | |||
Secured Convertible Promissory Note [Member] | Investor [Member] | ||||
Derivative [Line Items] | ||||
Gross balance note | 3,073,599 | $ 265,000 | ||
Fair value adjustment of warrants | $ 1,211,962 | |||
Debt Derivative Liability [Member] | ||||
Derivative [Line Items] | ||||
Gain from change in fair value of debt derivatives | $ 645,701 | |||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||
Derivative [Line Items] | ||||
Fair value of assumptions, percentage | 0 | |||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Price Volatility [Member] | ||||
Derivative [Line Items] | ||||
Fair value of assumptions, percentage | 281 | |||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||
Derivative [Line Items] | ||||
Fair value of assumptions, percentage | 1.28 | |||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Expected Term [Member] | ||||
Derivative [Line Items] | ||||
Expected life | 3 days | |||
Warrant Liability [Member] | ||||
Derivative [Line Items] | ||||
Fair value adjustment of warrants | $ 0 | |||
Warrant Liability [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||
Derivative [Line Items] | ||||
Fair value of assumptions, percentage | 0 | |||
Warrant Liability [Member] | Measurement Input, Price Volatility [Member] | Minimum [Member] | ||||
Derivative [Line Items] | ||||
Fair value of assumptions, percentage | 157.57 | |||
Warrant Liability [Member] | Measurement Input, Price Volatility [Member] | Maximum [Member] | ||||
Derivative [Line Items] | ||||
Fair value of assumptions, percentage | 262.62 | |||
Warrant Liability [Member] | Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member] | ||||
Derivative [Line Items] | ||||
Fair value of assumptions, percentage | 1.28 | |||
Warrant Liability [Member] | Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member] | ||||
Derivative [Line Items] | ||||
Fair value of assumptions, percentage | 2.80 | |||
Warrant Liability [Member] | Measurement Input, Expected Term [Member] | Minimum [Member] | ||||
Derivative [Line Items] | ||||
Expected life | 1 month 9 days | |||
Warrant Liability [Member] | Measurement Input, Expected Term [Member] | Maximum [Member] | ||||
Derivative [Line Items] | ||||
Expected life | 1 year 3 months 25 days | |||
Accounting Standards Update 2018-03 [Member] | ||||
Derivative [Line Items] | ||||
Debt derivative liabilities | $ 3,402,949 |
Schedule of Properties and Equi
Schedule of Properties and Equipment (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Property, Plant and Equipment [Abstract] | ||
Land | $ 335,497 | $ 305,134 |
Buildings | 2,359,092 | 2,365,584 |
Machinery and Equipment | 960,715 | 963,289 |
Office Equipment and Furniture | 50,197 | 50,331 |
Vehicles | 101,789 | 102,070 |
Construction in Process | 39,402 | 26,529 |
Property, Plant and Equipment, gross | 3,846,692 | 3,812,937 |
Less Accumulated Depreciation | (3,394,812) | (3,381,666) |
Total Property, Plant and Equipment | $ 451,880 | $ 431,271 |
Summary of Allocation of Deprec
Summary of Allocation of Depreciation Expense (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Impaired Assets to be Disposed of by Method Other than Sale [Line Items] | ||
Total | $ 22,377 | $ 26,065 |
Cost of Sales [Member] | ||
Impaired Assets to be Disposed of by Method Other than Sale [Line Items] | ||
Total | 19,724 | 21,466 |
General and Administrative Expense [Member] | ||
Impaired Assets to be Disposed of by Method Other than Sale [Line Items] | ||
Total | $ 2,653 | $ 4,599 |
Properties, Plant and Equipme_3
Properties, Plant and Equipment, Net (Details Narrative) - USD ($) | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 22,377 | $ 26,065 |
Schedule of Changes in Assets R
Schedule of Changes in Assets Retirement Obligation (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Mine Reclamation Obligation | ||
Balance, Beginning of Year | $ 674,074 | $ 602,337 |
Liabilities incurred | 36,774 | 71,737 |
Disposal | ||
Balance, End of Year | $ 710,848 | $ 674,074 |
Mine Reclamation Obligation (De
Mine Reclamation Obligation (Details Narrative) - USD ($) | 6 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long-term debt, fair value | $ 710,848 | $ 674,074 |
Inflation Rate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Derivative, variable interest rate | 5.30% | |
Measurement Input, Risk Free Interest Rate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Fair value of assumptions percentage | 18% |
Schedule of Accounts Payable an
Schedule of Accounts Payable and Accrued Liabilities (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Payables and Accruals [Abstract] | ||
Accounts Payable | $ 884,273 | $ 655,048 |
Accrued Liabilities | 5,026,915 | 4,429,339 |
Accrued Salaries and Benefits | 786,772 | 644,207 |
Advances Payable | 106,222 | |
Total Accrued Liabilities | $ 6,697,960 | $ 5,834,816 |
Schedule of Notes Payable (Deta
Schedule of Notes Payable (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Total Notes Payable | $ 60,000 | $ 129,558 |
Less Short-Term Notes Payable | (37,891) | |
Total Long-Term Notes Payable | 60,000 | 91,667 |
Small Business Administration [Member] | ||
Total Notes Payable | 69,558 | |
Phil Zobrist [Member] | ||
Total Notes Payable | $ 60,000 | $ 60,000 |
Notes Payable (Details Narrativ
Notes Payable (Details Narrative) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||
Apr. 30, 2021 USD ($) | Apr. 17, 2020 USD ($) | Oct. 02, 2016 | Oct. 02, 2015 | Jan. 11, 2013 USD ($) | Jun. 30, 2022 USD ($) $ / shares | Jun. 30, 2021 USD ($) | Jun. 30, 2022 USD ($) Integer $ / shares | Jun. 30, 2021 USD ($) | Jun. 30, 2022 USD ($) $ / shares | Dec. 31, 2021 USD ($) | Dec. 31, 2015 USD ($) | |
Short-Term Debt [Line Items] | ||||||||||||
Gain on extinguishment of debt | $ (133,345) | $ (394,722) | $ (257,503) | $ (1,491,474) | ||||||||
Derivative liability | 3,402,949 | 3,402,949 | $ 3,402,949 | $ 4,048,650 | ||||||||
Notes payable | 60,000 | 60,000 | 60,000 | 129,558 | ||||||||
Small Business Administration [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Interest payable | 0 | 0 | 0 | |||||||||
Notes payable | 69,558 | |||||||||||
Promissory Note [Member] | Small Business Administration [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Unsecured debt, current | $ 31,667 | $ 100,000 | ||||||||||
Debt instrument, interest rate, stated percentage | 3.75% | 1% | ||||||||||
Proceeds from issuance of debt | $ 31,667 | $ 100,000 | ||||||||||
Debt instrument, maturity date | Apr. 30, 2023 | Apr. 16, 2022 | ||||||||||
Loan forgiveness | 31,667 | 31,667 | ||||||||||
Laon amount paid | 68,333 | |||||||||||
Phil Zobrist [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Notes payable | 60,000 | 60,000 | 60,000 | $ 60,000 | ||||||||
Phil Zobrist [Member] | Unsecured Promissory Note [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Unsecured debt, current | $ 60,000 | |||||||||||
Debt instrument, interest rate, stated percentage | 18% | 0% | ||||||||||
Proceeds from issuance of debt | $ 60,000 | |||||||||||
Debt instrument, maturity date | Dec. 31, 2024 | Dec. 31, 2016 | ||||||||||
Interest payable | $ 102,289 | $ 102,289 | $ 102,289 | $ 29,412 | ||||||||
Debt instruments conversion price per share | $ / shares | $ 0.99 | $ 0.99 | $ 0.99 | |||||||||
Percentage of debt discount | 50% | |||||||||||
Number of conversion trading days | Integer | 20 | |||||||||||
Gain on extinguishment of debt | $ 121,337 | |||||||||||
Derivative liability | $ 11,842 | 11,842 | $ 11,842 | |||||||||
Notes payable | $ 60,000 | $ 60,000 | $ 60,000 | |||||||||
Phil Zobrist [Member] | Unsecured Promissory Note [Member] | Pre-Split [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Debt instruments conversion price per share | $ / shares | $ 0.18 | $ 0.18 | $ 0.18 |
Schedule of Related Parties Not
Schedule of Related Parties Notes Payable (Details) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | Feb. 25, 2013 | |
Notes payable, related parties | $ 7,921,531 | $ 7,456,791 | $ 950,000 |
Less Short-Term Notes Payable - Related Parties | (2,542,551) | (2,077,811) | |
Total Long-Term Notes Payable - Related Parties | $ 5,378,980 | $ 5,378,980 | |
Clavo Rico, Inc. [Member] | |||
Related parties relationship description | Affiliate | Affiliate | |
Notes payable, related parties | $ 3,377,980 | $ 3,377,980 | |
Claymore Management [Member] | |||
Related parties relationship description | Affiliate | Affiliate | |
Notes payable, related parties | $ 185,000 | $ 185,000 | |
Cluff Rich PC 401 K [Member] | |||
Related parties relationship description | Affiliate - Controlled by Director | Affiliate - Controlled by Director | |
Notes payable, related parties | $ 60,000 | ||
Debra D'ambrosio [Member] | |||
Related parties relationship description | Immediate Family Member | Immediate Family Member | |
Notes payable, related parties | $ 383,300 | $ 178,900 | |
Francis E. Rich [Member] | |||
Related parties relationship description | Immediate Family Member | Immediate Family Member | |
Notes payable, related parties | $ 100,000 | $ 100,000 | |
Legends Capital [Member] | |||
Related parties relationship description | Affiliate | Affiliate | |
Notes payable, related parties | $ 715,000 | $ 715,000 | |
LW Briggs Irrevocable Trust [Member] | |||
Related parties relationship description | Affiliate | Affiliate | |
Notes payable, related parties | $ 1,101,000 | $ 1,101,000 | |
MDL Ventures LLC [Member] | |||
Related parties relationship description | Affiliate - Controlled by Director | Affiliate - Controlled by Director | |
Notes payable, related parties | $ 1,749,251 | $ 1,698,911 | |
Pine Valley Investments [Member] | |||
Related parties relationship description | Affiliate | Affiliate | |
Notes payable, related parties | $ 250,000 | $ 100,000 |
Notes Payable _ Related Parti_3
Notes Payable – Related Parties (Details Narrative) | 3 Months Ended | 6 Months Ended | |||||||||
Apr. 29, 2022 USD ($) | Dec. 06, 2021 USD ($) | Nov. 25, 2021 USD ($) | May 24, 2021 USD ($) | Apr. 05, 2019 | Oct. 01, 2014 Integer $ / shares | Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Jan. 01, 2022 USD ($) | |
Gain/loss on extinguishment of debt | $ (133,345) | $ (394,722) | $ (257,503) | $ (1,491,474) | |||||||
MDL Ventures LLC [Member] | Unsecured Convertible Note Payable Agreement [Member] | |||||||||||
Debt instrument, maturity date | Dec. 31, 2016 | ||||||||||
Debt instrument, interest rate, effective percentage | 18% | ||||||||||
Long-term debt, gross | 1,749,251 | 1,749,251 | |||||||||
Accrued interest | 57,205 | 57,205 | |||||||||
Percentage of equity ownership interest rate | 100% | ||||||||||
Debt instruments conversion price per share | $ / shares | $ 0.99 | ||||||||||
Percentage of debt discount | 50% | ||||||||||
Number of conversion trading days | Integer | 20 | ||||||||||
Gain/loss on extinguishment of debt | $ 1,487,158 | ||||||||||
MDL Ventures LLC [Member] | Unsecured Convertible Note Payable Agreement [Member] | Pre-Split [Member] | |||||||||||
Debt instruments conversion price per share | $ / shares | $ 0.18 | ||||||||||
Pine Valley Investment, LLC [Member] | Unsecured Convertible Note Payable Agreement One [Member] | |||||||||||
Debt instrument, maturity date | Jan. 06, 2022 | Oct. 29, 2022 | |||||||||
Debt instrument, interest rate, effective percentage | 5% | ||||||||||
Long-term debt, gross | 90,000 | $ 90,000 | |||||||||
Accrued interest | 13,000 | 13,000 | |||||||||
Unsecured debt, current | $ 100,000 | ||||||||||
Pine Valley Investment, LLC [Member] | Unsecured Convertible Note Payable Agreement Two [Member] | |||||||||||
Debt instrument, maturity date | Dec. 24, 2022 | ||||||||||
Debt instrument, interest rate, effective percentage | 5% | ||||||||||
Long-term debt, gross | 160,000 | 160,000 | |||||||||
Accrued interest | 16,000 | 16,000 | |||||||||
Unsecured debt, current | $ 160,000 | ||||||||||
Claymore Management [Member] | |||||||||||
Long-term debt, gross | 185,000 | 185,000 | |||||||||
Accrued interest | 376,062 | 376,062 | |||||||||
Unsecured Promissory Note [Member] | Legends Capital [Member] | |||||||||||
Long-term debt, gross | 715,000 | 715,000 | |||||||||
Accrued interest | 1,413,533 | 1,413,533 | |||||||||
Unsecured Promissory Note [Member] | LW Briggs Irrevocable Trust [Member] | |||||||||||
Long-term debt, gross | 1,101,000 | 1,101,000 | |||||||||
Accrued interest | 2,152,092 | 2,152,092 | |||||||||
GAIA Ltd [Member] | |||||||||||
Outstanding principal, percentage | 100% | ||||||||||
Debt instrument, maturity date | Dec. 31, 2024 | ||||||||||
Debt instrument, interest rate, effective percentage | 18% | ||||||||||
Long-term debt, gross | 3,377,980 | 3,377,980 | |||||||||
Accrued interest | 6,037,065 | 6,037,065 | |||||||||
Debra D'ambrosio [Member] | One Unsecured Short Term Promissory Note [Member] | |||||||||||
Unsecured debt, current | $ 178,900 | ||||||||||
Debra D'ambrosio [Member] | 18 Unsecured Short Term Promissory Note [Member] | |||||||||||
Unsecured debt, current | $ 668,300 | $ 668,300 | |||||||||
Debra D'ambrosio [Member] | Unsecured Short-Term Promissory Note [Member] | |||||||||||
Debt instrument, interest rate, effective percentage | 3% | 3% | |||||||||
Accrued interest | $ 19,090 | $ 19,090 | |||||||||
Debt instrument, periodic payment, principal | 482,990 | ||||||||||
Debt instrument, face amount | 463,900 | 463,900 | |||||||||
Debra D'ambrosio [Member] | Five Notes [Member] | |||||||||||
Accrued interest | 9,637 | 9,637 | |||||||||
Unsecured debt, current | 383,300 | 383,300 | |||||||||
Francis E. Rich [Member] | Unsecured Short-Term Promissory Note Due on November 23, 2021 [Member] | |||||||||||
Debt instrument, maturity date | Dec. 25, 2022 | ||||||||||
Debt instrument, interest rate, effective percentage | 5% | ||||||||||
Long-term debt, gross | 50,000 | 50,000 | |||||||||
Accrued interest | 7,500 | 7,500 | |||||||||
Unsecured debt, current | $ 50,000 | ||||||||||
Francis E. Rich [Member] | Unsecured Short-Term Promissory Note Due On May 25, 2022 [Member] | |||||||||||
Debt instrument, maturity date | Dec. 25, 2022 | ||||||||||
Debt instrument, interest rate, effective percentage | 5% | ||||||||||
Long-term debt, gross | 50,000 | 50,000 | |||||||||
Accrued interest | $ 10,000 | $ 10,000 | |||||||||
Unsecured debt, current | $ 50,000 |
Schedule of Convertible Notes P
Schedule of Convertible Notes Payable (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Short-Term Debt [Line Items] | ||
Less Short-Term Convertible Notes Payable | $ (3,747,763) | $ (3,747,457) |
Antilles Family Office LLC [Member] | ||
Short-Term Debt [Line Items] | ||
Total Convertible Notes Payable | 3,073,599 | 3,074,119 |
Antczak Polich Law LLC [Member] | ||
Short-Term Debt [Line Items] | ||
Total Convertible Notes Payable | 279,123 | 279,123 |
Scotia International [Member] | ||
Short-Term Debt [Line Items] | ||
Total Convertible Notes Payable | 395,041 | 395,041 |
Convertible Notes Payable [Member] | ||
Short-Term Debt [Line Items] | ||
Total Convertible Notes Payable | 3,747,763 | 3,748,283 |
Less Unamortized Discount | (826) | |
Total Convertible Notes Payable, Net of Unamortized Debt Discount | 3,747,763 | 3,747,457 |
Less Short-Term Convertible Notes Payable | ||
Total Long-Term Convertible Notes Payable, Net of Unamortized Debt Discount | $ 3,747,763 | $ 3,747,457 |
Convertible Notes Payable (Deta
Convertible Notes Payable (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||||||||||||||||
Jun. 28, 2022 | Jun. 23, 2022 | Jun. 17, 2022 | Jun. 13, 2022 | Jun. 02, 2022 | May 20, 2022 | Apr. 25, 2022 | Apr. 18, 2022 | Apr. 05, 2022 | Mar. 18, 2022 | Mar. 02, 2022 | Feb. 17, 2022 | Jan. 25, 2022 | Nov. 24, 2021 | Jul. 29, 2019 | May 20, 2019 | Jan. 10, 2019 | Dec. 01, 2018 | Aug. 01, 2018 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | Dec. 30, 2021 | Dec. 31, 2020 | |
Loss on extinguishment of debt | $ (133,345) | $ (394,722) | $ (257,503) | $ (1,491,474) | ||||||||||||||||||||||
Repayments of notes payable | 37,891 | |||||||||||||||||||||||||
Amortization of debt discount | $ 826 | $ 742,745 | ||||||||||||||||||||||||
Investor [Member] | ||||||||||||||||||||||||||
Shares issued for conversion of debt, shares | 72,828,495 | 83,753,430 | ||||||||||||||||||||||||
Loss on extinguishment of debt | $ 257,503 | $ 1,783,593 | ||||||||||||||||||||||||
Debt conversion, original debt, amount | 520 | 231,724 | ||||||||||||||||||||||||
Repayments of notes payable | 142,857 | |||||||||||||||||||||||||
Antilles Family Office LLC [Member] | ||||||||||||||||||||||||||
Debt instrument, face amount | $ 63 | $ 60 | $ 45 | $ 40 | $ 38 | $ 36 | $ 34 | $ 32 | $ 31 | $ 36 | $ 35 | $ 30 | $ 40 | |||||||||||||
Shares issued, price per share | $ 0.0014 | $ 0.002 | $ 0.0014 | $ 0.0025 | $ 0.0026 | $ 0.0029 | $ 0.0037 | $ 0.0035 | $ 0.0046 | $ 0.0045 | $ 0.0063 | $ 0.0075 | $ 0.007 | |||||||||||||
Loss on extinguishment of debt | $ 12,290 | $ 16,747 | $ 8,778 | $ 13,965 | $ 13,799 | $ 14,586 | $ 17,585 | $ 15,654 | $ 19,941 | $ 22,653 | $ 30,847 | $ 31,482 | $ 39,175 | |||||||||||||
Conversion of convertible securities, shares | 8,823,452 | 8,403,288 | 6,302,466 | 5,602,192 | 5,322,082 | 5,041,973 | 4,761,863 | 4,481,753 | 4,341,699 | 5,041,973 | 4,901,918 | 4,201,644 | 5,602,192 | |||||||||||||
Loss contingency, damages sought, value | $ 5,324,206 | |||||||||||||||||||||||||
Unsecured Convertible Promissory Note [Member] | Investor [Member] | ||||||||||||||||||||||||||
Debt instruments conversion price per share | $ 0.01 | |||||||||||||||||||||||||
Unsecured Convertible Promissory Note [Member] | Antczak Polich Law LLC [Member] | ||||||||||||||||||||||||||
Debt instrument, face amount | $ 130,000 | $ 300,000 | ||||||||||||||||||||||||
Debt instrument, maturity date | Dec. 01, 2019 | Aug. 01, 2019 | ||||||||||||||||||||||||
Debt instrument, interest rate, stated percentage | 8% | 8% | ||||||||||||||||||||||||
Legal fees | $ 130,000 | $ 300,000 | ||||||||||||||||||||||||
Debt instruments conversion price per share | $ 0.75 | $ 0.75 | ||||||||||||||||||||||||
Long-term debt, gross | 279,123 | 279,123 | ||||||||||||||||||||||||
Accrued interest | 94,419 | 94,419 | ||||||||||||||||||||||||
Unsecured Convertible Promissory Note [Member] | Scotia International of Nevada Inc [Member] | ||||||||||||||||||||||||||
Debt instrument, face amount | $ 400,000 | |||||||||||||||||||||||||
Debt instrument, maturity date | Jan. 10, 2022 | |||||||||||||||||||||||||
Debt instrument, interest rate, stated percentage | 6% | |||||||||||||||||||||||||
Long-term debt, gross | 395,042 | 395,042 | ||||||||||||||||||||||||
Accrued interest | 83,063 | 83,063 | ||||||||||||||||||||||||
Description on conversion price | The Note is convertible into common stock, at holder’s option, at $0.50 per share as long as the Company’s common stock’s bid price is less than $0.75 per share. If the bid price is more than $0.75 per share, then Scotia may elect to convert at the average bid price of the common stock during the 10-trading day period prior to conversion. | |||||||||||||||||||||||||
Amortization of debt discount | 826 | |||||||||||||||||||||||||
Unsecured Convertible Promissory Note One [Member] | Antczak Polich Law LLC [Member] | ||||||||||||||||||||||||||
Long-term debt, gross | 0 | 0 | ||||||||||||||||||||||||
Accrued interest | 14,142 | 14,142 | ||||||||||||||||||||||||
Secured Convertible Promissory Note [Member] | Warrant 1 [Member] | ||||||||||||||||||||||||||
Number of securities called by each warrant or right | 3,750,000 | |||||||||||||||||||||||||
Exercise price of warrants | $ 0.40 | |||||||||||||||||||||||||
Secured Convertible Promissory Note [Member] | Warrant 2 [Member] | ||||||||||||||||||||||||||
Number of securities called by each warrant or right | 3,000,000 | |||||||||||||||||||||||||
Exercise price of warrants | $ 0.50 | |||||||||||||||||||||||||
Secured Convertible Promissory Note [Member] | Warrant 3 [Member] | ||||||||||||||||||||||||||
Number of securities called by each warrant or right | 2,500,000 | |||||||||||||||||||||||||
Exercise price of warrants | $ 0.60 | |||||||||||||||||||||||||
Secured Convertible Promissory Note [Member] | Investor [Member] | ||||||||||||||||||||||||||
Debt instrument, face amount | $ 4,250,000 | $ 36,300 | ||||||||||||||||||||||||
Debt instrument, maturity date | May 20, 2022 | |||||||||||||||||||||||||
Debt instrument, interest rate, stated percentage | 20% | |||||||||||||||||||||||||
Long-term debt, gross | $ 265,000 | 3,073,599 | 3,073,599 | |||||||||||||||||||||||
Accrued interest | $ 3,021,196 | 3,021,196 | ||||||||||||||||||||||||
Interest rate, effective percentage | 24% | |||||||||||||||||||||||||
Proceeds from issuance of debt | $ 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. | |||||||||||||||||||||||||
Number of securities called by each warrant or right | 9,250,000 | |||||||||||||||||||||||||
Warrants term | three-year | |||||||||||||||||||||||||
Proceeds from Issuance of Warrants | $ 1,788,038 | |||||||||||||||||||||||||
Fair value adjustment of warrants | $ 1,211,962 | |||||||||||||||||||||||||
Early payoff penalty | 140% | |||||||||||||||||||||||||
Shares issued for conversion of debt, shares | 2,986,597 | |||||||||||||||||||||||||
Shares issued, price per share | $ 0.11 | |||||||||||||||||||||||||
Loss on extinguishment of debt | $ 40,350 | $ 531,194 | ||||||||||||||||||||||||
Conversion of convertible securities, shares | 17,833,942 | |||||||||||||||||||||||||
Cash payment amount | $ 500,000 | |||||||||||||||||||||||||
Increased interest rate | 20% | |||||||||||||||||||||||||
Secured Convertible Promissory Note [Member] | Investor [Member] | 2021 [Member] | ||||||||||||||||||||||||||
Debt instrument, periodic payment, principal | 2,400,000 | |||||||||||||||||||||||||
Forbearance Agreement [Member] | Investor [Member] | ||||||||||||||||||||||||||
Debt instrument, periodic payment, principal | $ 2,400,000 | $ 900,000 | ||||||||||||||||||||||||
Forbearance Agreement [Member] | Investor [Member] | Two Thousand Twenty Two [Member] | ||||||||||||||||||||||||||
Debt instrument, periodic payment, principal | $ 500,000 |
Schedule of Warrants Activity (
Schedule of Warrants Activity (Details) - Warrant [Member] - $ / shares | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of Warrants, Beginning Balance | 9,550,000 | 9,550,000 |
Weighted Average Exercise Price, Beginning Balance | $ 0.50 | $ 0.50 |
Number of Warrants, Granted | ||
Weighted Average Exercise Price, Granted | ||
Number of Warrants, Exercised | ||
Weighted Average Exercise Price, Exercised | ||
Number of Warrants, Expired | (9,250,000) | |
Weighted Average Exercise Price, Expired | $ 0.50 | |
Number of Warrants, Ending Balance | 300,000 | 9,550,000 |
Weighted Average Exercise Price, Ending Balance | $ 0.75 | $ 0.50 |
Schedule of Warrants Outstandin
Schedule of Warrants Outstanding and Exercisable (Details) - Warrant [Member] - $ / shares | 6 Months Ended | ||
Jun. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Outstanding Warrants, Range of Exercise Price | $ 0.75 | ||
Number of Warrants Outstanding, Ending Balance | 300,000 | 9,550,000 | 9,550,000 |
Weighted Average Remaining Contractual Life | 9 months 7 days | ||
Warrants Outstanding, Weighted Average Exercise Price | $ 0.75 | ||
Number of Warrants Exercisable Ending Balance | 300,000 | ||
Warrants Exercisable, Weighted Average Exercise Price | $ 0.75 |
Stockholders_ Deficit (Details
Stockholders’ Deficit (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||||||||||||||
Jun. 28, 2022 | Jun. 23, 2022 | Jun. 17, 2022 | Jun. 13, 2022 | Jun. 02, 2022 | May 20, 2022 | Apr. 25, 2022 | Apr. 18, 2022 | Apr. 05, 2022 | Mar. 18, 2022 | Mar. 02, 2022 | Feb. 17, 2022 | Jan. 25, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Loss on extinguishment of debt | $ (133,345) | $ (394,722) | $ (257,503) | $ (1,491,474) | |||||||||||||
Antilles Family Office LLC [Member] | |||||||||||||||||
Common stock issued was converted | 8,823,452 | 8,403,288 | 6,302,466 | 5,602,192 | 5,322,082 | 5,041,973 | 4,761,863 | 4,481,753 | 4,341,699 | 5,041,973 | 4,901,918 | 4,201,644 | 5,602,192 | ||||
Principal amount | $ 63 | $ 60 | $ 45 | $ 40 | $ 38 | $ 36 | $ 34 | $ 32 | $ 31 | $ 36 | $ 35 | $ 30 | $ 40 | ||||
Share issued price per share | $ 0.0014 | $ 0.002 | $ 0.0014 | $ 0.0025 | $ 0.0026 | $ 0.0029 | $ 0.0037 | $ 0.0035 | $ 0.0046 | $ 0.0045 | $ 0.0063 | $ 0.0075 | $ 0.007 | ||||
Common stock issued was converted value | $ 12,353 | $ 16,807 | $ 8,823 | $ 14,005 | $ 13,837 | $ 14,622 | $ 17,619 | $ 15,686 | $ 19,972 | $ 22,689 | $ 30,882 | $ 31,512 | $ 39,215 | ||||
Loss on extinguishment of debt | $ 12,290 | $ 16,747 | $ 8,778 | $ 13,965 | $ 13,799 | $ 14,586 | $ 17,585 | $ 15,654 | $ 19,941 | $ 22,653 | $ 30,847 | $ 31,482 | $ 39,175 |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
Income Tax Disclosure [Abstract] | |
Tax liability | $ 27,382 |
Payment of tax liability | $ 0 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 1 Months Ended | |||
Apr. 01, 2019 | Oct. 31, 2017 | Feb. 28, 2014 | Jun. 30, 2022 | |
Notes Payable [Member] | ||||
Related Party Transaction [Line Items] | ||||
Due from related parties | $ 888,300 | |||
Due to related parties | 473,900 | |||
Employment Agreement [Member] | ||||
Related Party Transaction [Line Items] | ||||
Compensation amount | $ 300,000 | |||
Stockholder/Director [Member] | ||||
Related Party Transaction [Line Items] | ||||
Payment of consulting fees per month | $ 25,000 | $ 18,000 | ||
Accrued consulting fees | $ 1,035,000 |
Commitments and Contingencies (
Commitments and Contingencies (Details Narrative) - USD ($) | 1 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 10, 2022 | Dec. 30, 2021 | Jun. 28, 2021 | Mar. 04, 2020 | Jun. 30, 2022 | Dec. 30, 2021 | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||
Loss contingency accrual amount | $ 5,324,206 | |||||
Accrued settlement expense | $ 1,500,000 | $ 256,674 | ||||
Settlement amount | $ 19,408 | |||||
Agrecon [Member] | ||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||
Litigation amount | $ 1,350,000 | |||||
Litigation amount awarded | $ 125,000 | |||||
Antilles Family Office LLC [Member] | ||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||
Litigation amount | $ 5,324,206 | |||||
Settlement Agreement [Member] | Antilles Family Office LLC [Member] | ||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||
Capital shares reserved for future issuance | 541,449,789 | |||||
Accrued settlement expense | $ 1,000,000 |
Concentrations (Details Narrati
Concentrations (Details Narrative) | 6 Months Ended |
Jun. 30, 2022 | |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | |
Concentration Risk [Line Items] | |
Concentration risk, percentage | 100% |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - shares | Jul. 08, 2022 | Jun. 28, 2022 | Jun. 23, 2022 | Jun. 17, 2022 | Jun. 13, 2022 | Jun. 02, 2022 | May 20, 2022 | Apr. 25, 2022 | Apr. 18, 2022 | Apr. 05, 2022 | Mar. 18, 2022 | Mar. 02, 2022 | Feb. 17, 2022 | Jan. 25, 2022 | Jun. 30, 2022 | Jun. 24, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 30, 2020 | Mar. 05, 2010 | Mar. 04, 2010 |
Subsequent Event [Line Items] | |||||||||||||||||||||
Common stock, shares authorized | 500,000,000 | 500,000,000 | 800,000,000 | 500,000,000 | 500,000,000 | 100,000,000 | |||||||||||||||
Board of Directors Chairman [Member] | |||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||
Common stock, shares authorized | 10,300,000,000 | ||||||||||||||||||||
Antilles Family Office LLC [Member] | |||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||
Common stock issued to investor under conversion | 8,823,452 | 8,403,288 | 6,302,466 | 5,602,192 | 5,322,082 | 5,041,973 | 4,761,863 | 4,481,753 | 4,341,699 | 5,041,973 | 4,901,918 | 4,201,644 | 5,602,192 | ||||||||
Subsequent Event [Member] | Antilles Family Office LLC [Member] | |||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||
Common stock issued to investor under conversion | 9,383,671 |