Cover
Cover - shares | 3 Months Ended | |
Mar. 31, 2023 | May 19, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Mar. 31, 2023 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2023 | |
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 | 2,481,732,016 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Current Assets | ||
Cash and cash equivalents | $ 26,153 | |
Prepaid expenses and other current assets | 1,729 | 2,717 |
Note receivable - current portion | 1,050,000 | |
Current assets of discontinued operations | 300,132 | |
Total Current Assets | 1,077,882 | 302,849 |
Property, plant and equipment, net | 3,804 | 3,983 |
Note receivable, net of current portion | 1,545,000 | |
Right of use operating lease asset | 19,792 | 23,106 |
Other assets | 531 | 531 |
Other non-current assets of discontinued operations | 822,934 | |
Total Assets | 2,647,009 | 1,153,403 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 1,244,021 | 5,081,544 |
Accrued interest - related parties | 10,907,642 | |
Operating lease liability - current portion | 13,621 | 13,511 |
Convertible notes payable - net of discount | 372,818 | 3,801,698 |
Derivative liabilities | 57,410 | 3,262,612 |
Current liabilites of discontinued operations | 3,305,227 | |
Total Current Liabilities | 1,762,870 | 29,068,198 |
Operating lease liability, net of current portion | 6,171 | 9,595 |
Long-term liabilities of discontinued operations | 767,673 | |
Total Liabilities | 2,697,659 | 35,284,446 |
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; 10,300,000,000 shares authorized, 2,481,732,016 and 244,634,016 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively | 24,817 | 2,446 |
Additional paid-in capital | 26,310,040 | 8,152,715 |
Accumulated deficit | (26,385,508) | (41,655,570) |
Accumulated other comprehensive loss | (618,683) | |
Total Controlling Interest | (50,650) | (34,119,091) |
Non-Controlling Interest | (11,952) | |
Total Stockholders’ Deficit | (50,650) | (34,131,043) |
Total Liabilities and Stockholders’ Deficit | 2,647,009 | 1,153,403 |
Nonrelated Party [Member] | ||
Current Liabilities | ||
Notes payable - related parties | 75,000 | |
Long-term notes payable - related parties, net of current portion | 60,000 | 60,000 |
Related Party [Member] | ||
Current Liabilities | ||
Notes payable - related parties | 2,695,964 | |
Long-term notes payable - related parties, net of current portion | $ 868,618 | $ 5,378,980 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2023 | Dec. 31, 2022 |
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 | 10,300,000,000 | 10,300,000,000 |
Common stock, shares issued | 2,481,732,016 | 244,634,016 |
Common stock, shares outstanding | 2,481,732,016 | 244,634,016 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Income Statement [Abstract] | ||
Precious Metals Income | ||
Cost of goods sold | ||
Gross profit | ||
Operating Expenses | ||
General and administrative | 291,811 | 224,141 |
Depreciation and amortization | 179 | 179 |
Total Operating Expenses | 291,990 | 224,320 |
Income (Loss) from Operations | (291,990) | (224,320) |
Other Income/(Expenses) | ||
Gain on forgiveness of PPP loan | 31,667 | |
Change in derivative liability | 3,205,202 | 45,607 |
Gain (loss) on extinguishment of debt | 5,897,425 | (124,158) |
Interest expense | (183,976) | (650,061) |
Total Other Income/(Expenses) | 8,918,651 | (696,945) |
Net Income (Loss) from Operations before Income Taxes | 8,626,661 | (921,265) |
Provision for Income Taxes | ||
Net Income (Loss) from Continuing Operations | 8,626,661 | (921,265) |
Net Income (Loss) from Discontinued Operations | (497,581) | 66,432 |
Gain on Sale of Mine Property in Discontinued Operations | 7,154,653 | |
Provision for Income Taxes on Discontinued Operations | (27,382) | |
Net Income (Loss) from Discontinued Operations | 6,657,072 | 39,050 |
Net Income (Loss) | 15,283,733 | (882,215) |
Net Income (Loss) - Non-Controlling Interest | (13,671) | 158 |
Net Income (Loss) - Controlling Interest | $ 15,270,062 | $ (882,057) |
Net income (loss) per share - Continuing Operations - Basic and Diluted | $ 0.01 | $ (0.01) |
Net income (loss) per share - Discontinued Operations - Basic and Diluted | 0 | 0 |
Net income (loss) per share - Basic | 0.01 | (0.01) |
Net income (loss) per share - Diluted | $ 0 | $ (0.01) |
Weighted average number of shares outstanding during the period - Basic | 1,694,827,331 | 170,736,437 |
Weighted average number of shares outstanding during the period - Diluted | 431,989,839,251 | 170,736,437 |
Net Income (Loss) | $ 15,283,733 | $ (882,215) |
Other Comprehensive Income (Loss) | ||
Exchange differences arising on translating foreign operations | (86,472) | (1,823) |
Total Comprehensive Income (Loss) | 15,197,261 | (884,038) |
Total Comprehensive Income (Loss) - Non-Controlling Interest | (160) | |
Total Comprehensive Income (Loss) - Controlling Interest | $ 15,197,261 | $ (884,198) |
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 |
Balance at Dec. 31, 2021 | $ 1 | $ 1,624 | $ 7,881,439 | $ (37,508,429) | $ (639,949) | $ (10,244) | $ (30,275,558) |
Balance, shares at Dec. 31, 2021 | 51 | 162,421,850 | |||||
Foreign currency translation adjustment | (1,823) | (1,823) | |||||
Net Income (loss ) | (882,057) | (158) | (882,215) | ||||
Shares issued with note payable | $ 198 | 124,101 | 124,299 | ||||
Shares issued with note payable, shares | 19,747,727 | ||||||
Balance at Mar. 31, 2022 | $ 1 | $ 1,822 | 8,005,540 | (38,390,486) | (641,772) | (10,402) | (31,035,297) |
Balance, shares at Mar. 31, 2022 | 51 | 182,169,577 | |||||
Balance at Dec. 31, 2022 | $ 1 | $ 2,446 | 8,152,715 | (41,655,570) | (618,683) | (11,952) | (34,131,043) |
Balance, shares at Dec. 31, 2022 | 51 | 244,634,016 | |||||
Shares issued for services | $ 1,200 | 121,086 | 122,286 | ||||
Shares issued for services, shares | 120,000,001 | ||||||
Shares issued with extinguishment of debt | $ 21,171 | 18,036,239 | 18,057,410 | ||||
Shares issued with extinguishment of debt, shares | 2,117,097,999 | ||||||
Effects of sale of mine property | 705,155 | (1,719) | 703,436 | ||||
Foreign currency translation adjustment | (86,472) | (86,472) | |||||
Net Income (loss ) | 15,270,062 | 13,671 | 15,283,733 | ||||
Balance at Mar. 31, 2023 | $ 1 | $ 24,817 | $ 26,310,040 | $ (26,385,508) | $ (50,650) | ||
Balance, shares at Mar. 31, 2023 | 51 | 2,481,732,016 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Cash Flows From Operating Activities: | ||
Net Income (Loss) | $ 15,283,733 | $ (882,215) |
Net Income (Loss) from discontinued operations | 497,581 | (39,050) |
Gain on sale of mine property in discontinued operations | (7,154,653) | |
Adjustments to reconcile net income (loss) to net cash used in operations | ||
Depreciation and amortization expense | 179 | 179 |
Common stock issued for services | 122,286 | |
(Gain) Loss on extinguishment of debt | (5,897,425) | 124,158 |
Change in derivative liability | (3,205,202) | (45,607) |
Gain on forgiveness of PPP loan | (31,667) | |
Amortization of right-of-use asset | 3,314 | 3,269 |
Amortization of debt discount | 15,643 | 826 |
Changes in operating assets and liabilities: | ||
Other receivables | 3,105,000 | |
Prepaid expenses and other current assets | 988 | 4,804 |
Accounts payable and accrued liabilities | (44,620) | 374,049 |
Accounts payable and accrued liabilities - related parties | (1,421,586) | 267,039 |
Net Cash Provided By (Used In) Continuing Operations | 1,305,238 | (224,215) |
Net Cash Provided By (Used In) Discontinued Operations | (466) | 178,209 |
Net Cash Provided By (Used In) Operating Activities | 1,304,772 | (46,006) |
Cash Flows From Investing Activities: | ||
Investing activities of discontinued operations | (652) | (3,983) |
Net Cash Used In Investing Activities | (652) | (3,983) |
Cash Flows From Financing Activities: | ||
Repayment of notes payable | (28,406) | |
Repayment of notes payable-related parties | (39,000) | (304,900) |
Repayment of convertible notes payable | (1,246,480) | |
Proceeds from notes payable-related parties | 6,408 | 423,900 |
Net Cash Provided by (Used In) Continuing Financing Activities | (1,279,072) | 90,594 |
Effects of exchange rate changes on cash | 1,105 | 44 |
Net Change in Cash | 26,153 | 40,649 |
Cash at Beginning of Period | 55,273 | |
Cash at End of Period | 26,153 | 95,922 |
Less Cash of Discontinued Operations at End of Period | (32,324) | |
Cash of Continued Operations at End of Period | 26,153 | 60,598 |
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | 146,248 | 90,221 |
Cash paid for taxes | ||
Supplemental disclosure of non-cash investing and financing activities: | ||
Note receivable acquired for sale of mine property | 5,700,000 | |
Common stock issued for conversion of debt | 124,299 | |
Common stock issued for settlement of notes payable - related parties | $ 18,057,410 |
Nature of Business
Nature of Business | 3 Months Ended |
Mar. 31, 2023 | |
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 100,000,000 500,000,000 500,000,000 800,000,000 800,000,000 10,300,000,000 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 On January 11, 2016, the Company implemented a 5.5 to 1 reverse stock split 5.5 to 1 reverse stock split 266,669,980 48,485,451 On January 12, 2023, Inception Mining, Inc. (the “ Company . Pursuant to the terms of the LOI, the Company agreed to sell all of the shares of its wholly-owned subsidiary, Compañía Minera Cerros Del Sur, S.A. de C.V. (“CMCS”), to MLM. CMCS is the Honduran-based company that owns the Clavo Rico mine. Since the Divestiture of the Clavo Rico Mine, the Company has been operating as a consultant and advisor to the mining industry, including to Mother Lode Mining, the new owner of the Clavo Rico mine. It also has an ongoing financial interest in the Clavo Rico Mine under the LOI. COVID-19 March 31 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | 2. Summary of Significant Accounting Policies Going Concern 15,283,733 684,988 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 March 31, 2023, the results of its consolidated statements of operations and comprehensive loss for the three-month period ended March 31, 2023, its condensed consolidated statement of stockholders’ deficit and its consolidated cash flows for the three-month period ended March 31, 2023. 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 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 March 31, 2023 are summarized below: Schedule of Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Warrant liabilities $ - $ - $ - $ - Debt derivative liabilities - - 57,410 57,410 Total Liabilities $ - $ - $ 57,410 $ 57,410 The fair value of financial instruments on December 31, 2022 are summarized below: Level 1 Level 2 Level 3 Total Warrant liabilities $ - $ - $ - $ - Debt derivative liabilities - - 3,262,612 3,262,612 Total Liabilities $ - $ - $ 3,262,612 $ 3,262,612 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 Notes Receivable 2,595,000 0 0 Long-Lived Assets Properties, Plant and Equipment Schedule of Property and equipment Useful Lives Building 7 15 Vehicles and equipment 3 7 Furniture and fixtures 2 3 Stock Issued for Goods and Services Stock-Based Compensation Income (Loss) per Common Share - Basic net income (loss) per common share is computed by dividing net income (loss), less the preferred stock dividends, by the weighted average number of common shares outstanding. Dilutive income (loss) per share includes any additional dilution from common stock equivalents, such as stock options and warrants, and convertible instruments, if the impact is not antidilutive. 24,205,782 and 430,367,923,880 common share equivalents have been excluded from the diluted loss per share calculation for the three-month periods ended March 31, 2023 and 2022, respectively, because it would be anti-dilutive. The following tables summaries the changes in the net earnings per common share for the three-month periods ended March 31, 2023 and 2022: Schedule of Net Earnings Per Common Share Numerator March 31, 2023 March 31, 2022 For the Three Months Ended Numerator March 31, 2023 March 31, 2022 Net Income (Loss) - Controlling Interest $ 15,270,062 $ (882,057 ) Gain on settlement of debt (5,897,425 ) - Interest Expense 66,166 - Change in Derivative Liabilities (3,220,312 ) - Adjusted Net Income (Loss) - Controlling Interest $ 6,232,162 $ (882,057 ) Denominator Shares Shares Basic Weighted Average Number of Shares Outstanding during Period 1,694,827,331 170,736,437 Dilutive Shares 430,295,011,920 - Diluted Weighted Average Number of Shares Outstanding during Period 431,989,839,251 170,736,437 Diluted Net Income (Loss) per Share $ 0.00 $ (0.01 ) Other Comprehensive Income (Loss) income ( 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 March 31, 2023 December 31, 2022 Operating leases Long-term right-of-use assets $ 19,792 $ 23,106 Short-term operating lease liabilities $ 13,621 $ 13,511 Long-term operating lease liabilities 6,171 9,595 Total operating lease liabilities $ 19,792 $ 23,106 Maturities of the Company’s undiscounted operating lease liabilities are as follows: Schedule of Maturities Undiscounted Operating Lease Liabilities Year Ending Operating Lease 2023 $ 11,221 2024 10,504 Total lease payments 21,725 Less: imputed interest/present value discount (1,933 ) Present value of lease liabilities $ 19,792 The Company made cash payments of $ 3,987 3,870 3,700 3,700 Non-Controlling Interest Policy Recently Issued Accounting Pronouncements |
Derivative Financial Instrument
Derivative Financial Instruments | 3 Months Ended |
Mar. 31, 2023 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments | 3. 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 March 31, 2023: Summary of Changes in Fair Value of Level 3 Financial Liabilities Debt Derivative Liabilities Balance, December 31, 2022 $ 3,262,612 Transfers in upon initial fair value of derivative liabilities - Change in fair value of derivative liabilities and warrant liability (3,205,202 ) Balance, March 31, 2023 $ 57,410 Derivative Liabilities – At March 31, 2023, the Company marked to market the fair value of the debt derivatives and determined a fair value of $ 57,410 3,205,202 the Binomial Option Pricing Model and the Monte Carlo Valuation Model . 0 283.88% 4.74% 0.08 266.50% 4.79% 0.55 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 March 31, 2023, the Company had a warrant liability of $ 0 0 0 241.87 281.16 4.74 4.94 0.11 0.57 |
Note Receivable
Note Receivable | 3 Months Ended |
Mar. 31, 2023 | |
Receivables [Abstract] | |
Note Receivable | 4. Note Receivable On January 12, 2023, Inception Mining, Inc. (the “ Company The purchase price for the sale of CMCS by the Company to MLM consisted of the following cash consideration (a) $ 280,000 300,000 100,000 200,000 1,200,000 500,000 500,000 In addition to the amounts already delivered under the LOI, an additional amount of $ 2,620,000 25,000 50,000 100,000 2,595,000 Outstanding balances and missed Monthly Payments will be secured by a 10% NSR on the Clavo Rico mine production until the Monthly Payments are delivered and the purchase price is paid in full. In addition to the Monthly Payments, the Company will receive a carried forward net profits interest royalty (“NPI”) of 5% on the Clavo Rico mine production until the total NPI paid to the Company is $ 1,000,000 The following table summarizes the note receivable of the Company as of March 31, 2023 and December 31, 2022: Schedule of Note Receivable March 31, 2023 December 31, 2022 Note Receivable from Mother Load Mining, Inc. pursuant to a Letter of Intent dated effective January 12, 2023, in the original principal amount of $ 5,700,000 no February 1, 2025 $ 2,595,000 $ - Total Note Receivable 2,595,000 - Less: Current Maturities (1,050,000 ) - Total Long-Term Note Receivable $ 1,545,000 $ - |
Properties, Plant and Equipment
Properties, Plant and Equipment, Net | 3 Months Ended |
Mar. 31, 2023 | |
Property, Plant and Equipment [Abstract] | |
Properties, Plant and Equipment, Net | 5. Properties, Plant and Equipment, Net Properties, plant and equipment at March 31, 2023 and December 31, 2022 consisted of the following: Schedule of Properties, Plant and equipment March 31, 2023 December 31, 2022 Machinery and Equipment $ 25,368 $ 25,368 Office Equipment and Furniture 1,627 1,627 Property, Plant and Equipment Gross 26,995 26,995 Less Accumulated Depreciation (23,191 ) (23,012 ) Total Property, Plant and Equipment $ 3,804 $ 3,983 During the three months ended March 31, 2023 and 2022, the Company recognized depreciation expense of $ 179 179 |
Accounts Payable and Accrued Li
Accounts Payable and Accrued Liabilities | 3 Months Ended |
Mar. 31, 2023 | |
Payables and Accruals [Abstract] | |
Accounts Payable and Accrued Liabilities | 6. Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities at March 31, 2023 and December 31, 2022 consisted of the following: Schedule of Accounts Payable and Accrued Liabilities March 31, 2023 December 31, 2022 Accounts Payable $ 226,102 $ 127,612 Accrued Liabilities 331,131 4,221,586 Accrued Salaries and Benefits 686,788 732,346 Total Accrued Liabilities $ 1,244,021 $ 5,081,544 |
Notes Payable
Notes Payable | 3 Months Ended |
Mar. 31, 2023 | |
Debt Disclosure [Abstract] | |
Notes Payable | 7. Notes Payable Notes payable were comprised of the following as of March 31, 2023 and December 31, 2022: Schedule of Notes Payable Notes Payable March 31, 2023 December 31, 2022 Phil Zobrist $ 60,000 $ 60,000 Antczak Polich Law LLC 75,000 - Total Notes Payable 135,000 60,000 Less Short-Term Notes Payable (75,000 ) - Total Long-Term Notes Payable $ 60,000 $ 60,000 Phil Zobrist 60,000 0 60,000 December 31, 2016 18 29,412 0.99 0.18 50 December 31, 2024 121,337 11,842 60,000 110,397 Antczak Polich Law, LLC 75,000 10,000 75,000 |
Notes Payable _ Related Parties
Notes Payable – Related Parties | 3 Months Ended |
Mar. 31, 2023 | |
Notes Payable Related Parties | |
Notes Payable – Related Parties | 8 . Notes Payable – Related Parties Notes payable – related parties were comprised of the following as of March 31, 2023 and December 31, 2022: Schedule of Related Parties Notes Payable Notes Payable - Related Parties Relationship March 31, 2023 December 31, 2022 Clavo Rico, Inc. Affiliate - Controlled by Director $ - $ 3,377,980 Claymore Management Affiliate - Controlled by Director - 185,000 Cluff-Rich PC 401K Affiliate - Controlled by Director 51,000 60,000 Debra D’ambrosio Immediate Family Member 422,618 446,210 Francis E. Rich IRA Immediate Family Member 100,000 100,000 Legends Capital Affiliate - Controlled by Director - 715,000 LWB Irrev Trust Affiliate - Controlled by Director - 1,101,000 MDL Ventures Affiliate - Controlled by Director - 1,794,754 Pine Valley Investments Affiliate - Controlled by Director 295,000 295,000 WOC Energy LLC Affiliate - Controlled by Director - - Total Notes Payable - Related Parties 868,618 8,074,944 Less Short-Term Notes Payable - Related Parties - (2,695,964 ) Total Long-Term Notes Payable - Related Parties $ 868,618 $ 5,378,980 Clavo Rico, Incorporated 100 December 31, 2024 18 965,137,143 3,377,980 6,396,889 0 0 Claymore Management December 31, 2024 52,857,143 185,000 395,768 0 0 Cluff-Rich PC 401K – 60,000 December 31, 2022 5.0 5,142,857 18,000 9,000 51,000 D. D’Ambrosio – there were six notes outstanding with outstanding balance of the Notes of $ 446,210 81,204 During January 2023, the Company has issued an unsecured Short-Term Promissory Notes to D. D’Ambrosio in principal amounts totaling $ 6,408 3.00 March 1, 2025 23,200,857 81,204 30,000 422,618 Francis E. Rich – there were two notes outstanding with outstanding balance of the Notes of $ 100,000 47,500 On February 1, 2023, the Company re-negotiated these notes into one note with a maturity date of March 1, 2025 16,428,571 57,500 100,000 Legends Capital Group 204,285,714 715,000 1,489,695 0 0 LW Briggs Irrevocable Trust 314,571,429 1,101,000 2,269,371 0 0 MDL Ventures 100 December 31, 2016 18 0.99 0.18 50 December 31, 2020 1,487,158 140,671 485,402,857 1,794,754 0 0 0 Pine Valley Investments, LLC – there were three Notes outstanding with outstanding balance of the Notes of $ 295,000 115,250 On February 1, 2023, the Company re-negotiated these notes into one note with a maturity date of March 1, 2025 32,928,571 115,250 295,000 Typically, any gains or losses on the extinguishment of debts are reported on the statement of operations. However, since all of the debts in this section are related parties, the gains or losses on the extinguishment of debts have been recorded as additional paid-in capital instead of gains or losses. |
Convertible Notes Payable
Convertible Notes Payable | 3 Months Ended |
Mar. 31, 2023 | |
Convertible Notes Payable | |
Convertible Notes Payable | 9. Convertible Notes Payable Convertible notes payable were comprised of the following as of September 30, 2022 and December 31, 2021: Schedule of Convertible Notes Payable Convertible Notes Payable March 31, 2023 December 31, 2022 1800 Diagonal Lending $ 58,100 $ 104,580 Antczak Polich Law LLC - 279,123 Antilles Family Office LLC - 3,073,532 Scotia International 349,653 395,041 Total Convertible Notes Payable 407,753 3,852,276 Less Unamortized Discount (34,935 ) (50,578 ) Total Convertible Notes Payable, Net of Unamortized Debt Discount 372,818 3,801,698 Less Short-Term Convertible Notes Payable (372,818 ) (3,801,698 ) Total Long-Term Convertible Notes Payable, Net of Unamortized Debt Discount $ - $ - 1800 Diagonal Lending LLC 116,200 October 18, 2023 12 100,000 16,200 25 13,014 11,620 1,394 52,058 46,480 5,578 15,643 58,100 6,972 Antczak Polich Law, LLC 300,000 August 1, 2019 8 300,000 0.75 75,000 314,692 0 0 Antczak Polich Law, LLC 130,000 December 1, 2019 8 130,000 0.75 14,142 0 0 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 life 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 1,200,000 1,873,532 3,695,059 5,568,591 0 0 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 349,653 100,857 |
Stockholders_ Deficit
Stockholders’ Deficit | 3 Months Ended |
Mar. 31, 2023 | |
Equity [Abstract] | |
Stockholders’ Deficit | 10. Stockholders’ Deficit Common Stock On January 1, 2023, the Company issued 28,571,429 0.0006 17,143 On January 1, 2023, the Company issued 28,571,429 0.0006 17,143 On February 1, 2023, the Company issued 5,142,857 18,000 On February 1, 2023, the Company issued 16,428,571 57,500 On February 1, 2023, the Company issued 23,200,857 81,204 On February 1, 2023, the Company issued 485,402,857 1,794,754 On February 1, 2023, the Company issued 17,142,857 60,000 On February 1, 2023, the Company issued 204,285,714 2,204,695 On February 1, 2023, the Company issued 314,571,429 3,370,371 On February 1, 2023, the Company issued 52,857,143 580,768 On February 1, 2023, the Company issued 965,137,143 9,774,869 On February 1, 2023, the Company issued 32,928,571 115,250 On February 17, 2023, the Company issued 42,857,143 0.0014 60,000 On February 17, 2023, the Company issued 2,857,143 0.0014 4,000 On February 17, 2023, the Company issued 2,857,143 0.0014 4,000 On February 17, 2023, the Company issued 14,285,714 0.0014 20,000 Warrants The following tables summarize the warrant activity during the three months ended March 31, 2023 and the year ended December 31, 2022: Schedule of Warrants Activity Stock Warrants Number of Warrants Weighted Average Exercise Price Balance at December 31, 2021 9,550,000 $ 0.49 Forfeited (9,350,000 ) 0.49 Balance at December 31, 2022 200,000 0.75 Forfeited - - Balance at March 31, 2023 200,000 $ 0.75 Schedule of Warrants Outstanding and Exercisable 2023 Outstanding Warrants Warrants Exercisable Range of Exercise Price Number Outstanding at March 31, 2023 Weighted Average Remaining Contractual Life Weighted Average Exercise Price Number Exercisable at March 31, 2023 Weighted Average Exercise Price $ 0.75 200,000 0.34 $ 0.75 200,000 $ 0.75 |
Related Party Transactions
Related Party Transactions | 3 Months Ended |
Mar. 31, 2023 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | 11. Related Party Transactions Consulting Agreement 18,000 25,000 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 – 6,408 39,000 |
Commitments and Contingencies
Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 12. 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”) asserting claims related to alleged breach of contract and unjust enrichment against the Company. This matter was settled on January 18, 2023 in exchange for the payment of $ 1,200,000 Previously disclosed litigation matters related to one of the Company’s subsidiaries, Compañía Minera Clavo Rico, S.A. de C.V., were assigned to a third party as part of the sale of CMCS that closed on January 24, 2023. On October 15, 2020, one of the Company’s subsidiaries, Compañía Minera Clavo Rico, S.A. de C.V., was served with a complaint filed by Empresa Agregados y Concretos S.A. (“Agrecon”) asserting claims related to non-payment for services performed and damages associated with the termination of a certain Material Crushing Agreement. The Company has reserved $ 120,000 On December 20, 2022 the company received a notice of demand from Servicio de Administracion de Rentas (“SAR”). SAR is the institution responsible for the collection of internal taxes. The notice was for Tax Obligations due in the amount of 9,245,637.70 385,234.90 |
Discontinued Operations
Discontinued Operations | 3 Months Ended |
Mar. 31, 2023 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Discontinued Operations | 13. Discontinued Operations During the year ended December 31, 2022, the Company decided to discontinue all of its operating activities. Based on that decision, the Company’s board of directors committed to a plan to sell the CMCS entity operating the mine in Honduras. In accordance with the provisions of ASC 205-20, the Company has separately reported the assets and liabilities of the discontinued operations (held for sale) in the consolidated balance sheets as of March 31, 2023 and December 31, 2022. Schedule of Discontinued operations March 31, 2023 December 31, 2022 CURRENT ASSETS OF DISCONTINUED OPERATIONS (HELD FOR SALE): Cash and cash equivalents $ - $ 2,576 Accounts receivable - 10,752 Inventories - 277,106 Prepaid expenses and other current assets - 9,698 TOTAL CURRENT ASSETS OF DISCONTINUED OPERATIONS (HELD FOR SALE) $ - $ 300,132 NON-CURRENT ASSETS OF DISCONTINUED OPERATIONS (HELD FOR SALE): Property, plant and equipment, net $ - $ 680,643 Other assets - 142,291 TOTAL NON-CURRENT ASSETS OF DISCONTINUED OPERATIONS (HELD FOR SALE) $ - $ 822,934 CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (HELD FOR SALE): Accounts payable and accrued liabilities $ - $ 2,504,735 Finance lease liabilities - current portion - 139,029 Note payable - 272,418 Taxes payable - 389,045 TOTAL CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (HELD FOR SALE) $ - $ 3,305,227 NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (HELD FOR SALE): Finance lease liabilities, net of current portion $ - $ 23,851 Mine reclamation obligation - 743,822 TOTAL NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (HELD FOR SALE) $ - $ 767,673 In accordance with the provisions of ASC 205-20, the Company has not included in the results of continuing operations the results of operations of the discontinued operations in the consolidated statements of operations and comprehensive loss. The results of operations from discontinued operations for the three months ended March 31, 2023 and 2022 have been reflected as discontinued operations in the consolidated statements of operations and comprehensive loss for the three months ended March 31, 2023 and 2022, and consist of the following. March 31, 2023 March 31, 2022 Three Months Ended March 31, 2023 March 31, 2022 Precious Metals Income $ - $ 895,189 Cost of goods sold 315,152 728,898 Gross profit (315,152 ) 166,291 OPERATING EXPENSES OF DISCONTINUED OPERATIONS: General and administrative 181,519 104,463 Depreciation and amortization 212 1,281 OPERATING EXPENSES OF DISCONTINUED OPERATIONS 181,731 105,744 OPERATING INCOME (LOSS) OF DISCONTINUED OPERATIONS (496,883 ) 60,547 OTHER (INCOME) EXPENSE OF DISCONTINUED OPERATIONS Other income - (5,885 ) Interest expense 698 - OTHER (INCOME) EXPENSE OF DISCONTINUED OPERATIONS 698 (5,885 ) INCOME (LOSS) BEFORE INCOME TAXES OF DISCONTINUED OPERATIONS (497,581 ) 66,432 Provision for income taxes of discontinued operations - (27,382 ) NET INCOME (LOSS) OF DISCONTINUED OPERATIONS $ (497,581 ) $ 39,050 In accordance with the provisions of ASC 205-20, the Company has separately reported the cash flow activity of the discontinued operations in the consolidated statements of cash flows. The cash flow activity from discontinued operations for the three months ended March 31, 2023 and 2022 have been reflected as discontinued operations in the consolidated statements of cash flows for the three months ended March 31, 2023 and 2022, and consist of the following. March 31, 2023 March 31, 2022 Three Months Ended March 31, 2023 March 31, 2022 DISCONTINUED OPERATING ACTIVITIES Net income (loss) $ (497,581 ) $ 39,050 Depreciation expense 4,259 11,347 Changes in operating assets and liabilities: Trade receivables 91 (5,792 ) Inventories (12,981 ) 14,485 Prepaid expenses and other current assets (34,670 ) (18,123 ) Accounts payable and accrued liabilities (294,243 ) 112,005 Accounts payable and accrued liabilities - related parties 834,659 25,237 Net cash provided by (used in) operating activities of discontinued operations $ (466 ) $ 178,209 INVESTING ACTIVITIES OF DISCONTINUED OPERATIONS Purchase of property, plant and equipment $ (652 ) $ (3,983 ) Net cash used in investing activities of discontinued operations $ (652 ) $ (3,983 ) |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2023 | |
Subsequent Events [Abstract] | |
Subsequent Events | 14. 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. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Going Concern | Going Concern 15,283,733 684,988 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 March 31, 2023, the results of its consolidated statements of operations and comprehensive loss for the three-month period ended March 31, 2023, its condensed consolidated statement of stockholders’ deficit and its consolidated cash flows for the three-month period ended March 31, 2023. 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 |
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 March 31, 2023 are summarized below: Schedule of Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Warrant liabilities $ - $ - $ - $ - Debt derivative liabilities - - 57,410 57,410 Total Liabilities $ - $ - $ 57,410 $ 57,410 The fair value of financial instruments on December 31, 2022 are summarized below: Level 1 Level 2 Level 3 Total Warrant liabilities $ - $ - $ - $ - Debt derivative liabilities - - 3,262,612 3,262,612 Total Liabilities $ - $ - $ 3,262,612 $ 3,262,612 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 |
Notes Receivable | Notes Receivable 2,595,000 0 0 |
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 Furniture and fixtures 2 3 |
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 - Basic net income (loss) per common share is computed by dividing net income (loss), less the preferred stock dividends, by the weighted average number of common shares outstanding. Dilutive income (loss) per share includes any additional dilution from common stock equivalents, such as stock options and warrants, and convertible instruments, if the impact is not antidilutive. 24,205,782 and 430,367,923,880 common share equivalents have been excluded from the diluted loss per share calculation for the three-month periods ended March 31, 2023 and 2022, respectively, because it would be anti-dilutive. The following tables summaries the changes in the net earnings per common share for the three-month periods ended March 31, 2023 and 2022: Schedule of Net Earnings Per Common Share Numerator March 31, 2023 March 31, 2022 For the Three Months Ended Numerator March 31, 2023 March 31, 2022 Net Income (Loss) - Controlling Interest $ 15,270,062 $ (882,057 ) Gain on settlement of debt (5,897,425 ) - Interest Expense 66,166 - Change in Derivative Liabilities (3,220,312 ) - Adjusted Net Income (Loss) - Controlling Interest $ 6,232,162 $ (882,057 ) Denominator Shares Shares Basic Weighted Average Number of Shares Outstanding during Period 1,694,827,331 170,736,437 Dilutive Shares 430,295,011,920 - Diluted Weighted Average Number of Shares Outstanding during Period 431,989,839,251 170,736,437 Diluted Net Income (Loss) per Share $ 0.00 $ (0.01 ) |
Other Comprehensive Income (Loss) | Other Comprehensive Income (Loss) income ( |
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 March 31, 2023 December 31, 2022 Operating leases Long-term right-of-use assets $ 19,792 $ 23,106 Short-term operating lease liabilities $ 13,621 $ 13,511 Long-term operating lease liabilities 6,171 9,595 Total operating lease liabilities $ 19,792 $ 23,106 Maturities of the Company’s undiscounted operating lease liabilities are as follows: Schedule of Maturities Undiscounted Operating Lease Liabilities Year Ending Operating Lease 2023 $ 11,221 2024 10,504 Total lease payments 21,725 Less: imputed interest/present value discount (1,933 ) Present value of lease liabilities $ 19,792 The Company made cash payments of $ 3,987 3,870 3,700 3,700 |
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) | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Schedule of Fair Value of Financial Instruments | The fair value of financial instruments on March 31, 2023 are summarized below: Schedule of Fair Value of Financial Instruments Level 1 Level 2 Level 3 Total Warrant liabilities $ - $ - $ - $ - Debt derivative liabilities - - 57,410 57,410 Total Liabilities $ - $ - $ 57,410 $ 57,410 The fair value of financial instruments on December 31, 2022 are summarized below: Level 1 Level 2 Level 3 Total Warrant liabilities $ - $ - $ - $ - Debt derivative liabilities - - 3,262,612 3,262,612 Total Liabilities $ - $ - $ 3,262,612 $ 3,262,612 |
Schedule of Property and equipment Useful Lives | Schedule of Property and equipment Useful Lives Building 7 15 Vehicles and equipment 3 7 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-month periods ended March 31, 2023 and 2022: Schedule of Net Earnings Per Common Share Numerator March 31, 2023 March 31, 2022 For the Three Months Ended Numerator March 31, 2023 March 31, 2022 Net Income (Loss) - Controlling Interest $ 15,270,062 $ (882,057 ) Gain on settlement of debt (5,897,425 ) - Interest Expense 66,166 - Change in Derivative Liabilities (3,220,312 ) - Adjusted Net Income (Loss) - Controlling Interest $ 6,232,162 $ (882,057 ) Denominator Shares Shares Basic Weighted Average Number of Shares Outstanding during Period 1,694,827,331 170,736,437 Dilutive Shares 430,295,011,920 - Diluted Weighted Average Number of Shares Outstanding during Period 431,989,839,251 170,736,437 Diluted Net Income (Loss) per Share $ 0.00 $ (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 March 31, 2023 December 31, 2022 Operating leases Long-term right-of-use assets $ 19,792 $ 23,106 Short-term operating lease liabilities $ 13,621 $ 13,511 Long-term operating lease liabilities 6,171 9,595 Total operating lease liabilities $ 19,792 $ 23,106 |
Schedule of Maturities Undiscounted Operating Lease Liabilities | Maturities of the Company’s undiscounted operating lease liabilities are as follows: Schedule of Maturities Undiscounted Operating Lease Liabilities Year Ending Operating Lease 2023 $ 11,221 2024 10,504 Total lease payments 21,725 Less: imputed interest/present value discount (1,933 ) Present value of lease liabilities $ 19,792 |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
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 March 31, 2023: Summary of Changes in Fair Value of Level 3 Financial Liabilities Debt Derivative Liabilities Balance, December 31, 2022 $ 3,262,612 Transfers in upon initial fair value of derivative liabilities - Change in fair value of derivative liabilities and warrant liability (3,205,202 ) Balance, March 31, 2023 $ 57,410 |
Note Receivable (Tables)
Note Receivable (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Receivables [Abstract] | |
Schedule of Note Receivable | The following table summarizes the note receivable of the Company as of March 31, 2023 and December 31, 2022: Schedule of Note Receivable March 31, 2023 December 31, 2022 Note Receivable from Mother Load Mining, Inc. pursuant to a Letter of Intent dated effective January 12, 2023, in the original principal amount of $ 5,700,000 no February 1, 2025 $ 2,595,000 $ - Total Note Receivable 2,595,000 - Less: Current Maturities (1,050,000 ) - Total Long-Term Note Receivable $ 1,545,000 $ - |
Properties, Plant and Equipme_2
Properties, Plant and Equipment, Net (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Properties, Plant and equipment | Properties, plant and equipment at March 31, 2023 and December 31, 2022 consisted of the following: Schedule of Properties, Plant and equipment March 31, 2023 December 31, 2022 Machinery and Equipment $ 25,368 $ 25,368 Office Equipment and Furniture 1,627 1,627 Property, Plant and Equipment Gross 26,995 26,995 Less Accumulated Depreciation (23,191 ) (23,012 ) Total Property, Plant and Equipment $ 3,804 $ 3,983 |
Accounts Payable and Accrued _2
Accounts Payable and Accrued Liabilities (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Payables and Accruals [Abstract] | |
Schedule of Accounts Payable and Accrued Liabilities | Accounts payable and accrued liabilities at March 31, 2023 and December 31, 2022 consisted of the following: Schedule of Accounts Payable and Accrued Liabilities March 31, 2023 December 31, 2022 Accounts Payable $ 226,102 $ 127,612 Accrued Liabilities 331,131 4,221,586 Accrued Salaries and Benefits 686,788 732,346 Total Accrued Liabilities $ 1,244,021 $ 5,081,544 |
Notes Payable (Tables)
Notes Payable (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Debt Disclosure [Abstract] | |
Schedule of Notes Payable | Notes payable were comprised of the following as of March 31, 2023 and December 31, 2022: Schedule of Notes Payable Notes Payable March 31, 2023 December 31, 2022 Phil Zobrist $ 60,000 $ 60,000 Antczak Polich Law LLC 75,000 - Total Notes Payable 135,000 60,000 Less Short-Term Notes Payable (75,000 ) - Total Long-Term Notes Payable $ 60,000 $ 60,000 |
Notes Payable _ Related Parti_2
Notes Payable – Related Parties (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Payable Related Parties | |
Schedule of Related Parties Notes Payable | Notes payable – related parties were comprised of the following as of March 31, 2023 and December 31, 2022: Schedule of Related Parties Notes Payable Notes Payable - Related Parties Relationship March 31, 2023 December 31, 2022 Clavo Rico, Inc. Affiliate - Controlled by Director $ - $ 3,377,980 Claymore Management Affiliate - Controlled by Director - 185,000 Cluff-Rich PC 401K Affiliate - Controlled by Director 51,000 60,000 Debra D’ambrosio Immediate Family Member 422,618 446,210 Francis E. Rich IRA Immediate Family Member 100,000 100,000 Legends Capital Affiliate - Controlled by Director - 715,000 LWB Irrev Trust Affiliate - Controlled by Director - 1,101,000 MDL Ventures Affiliate - Controlled by Director - 1,794,754 Pine Valley Investments Affiliate - Controlled by Director 295,000 295,000 WOC Energy LLC Affiliate - Controlled by Director - - Total Notes Payable - Related Parties 868,618 8,074,944 Less Short-Term Notes Payable - Related Parties - (2,695,964 ) Total Long-Term Notes Payable - Related Parties $ 868,618 $ 5,378,980 |
Convertible Notes Payable (Tabl
Convertible Notes Payable (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Convertible Notes Payable | |
Schedule of Convertible Notes Payable | Convertible notes payable were comprised of the following as of September 30, 2022 and December 31, 2021: Schedule of Convertible Notes Payable Convertible Notes Payable March 31, 2023 December 31, 2022 1800 Diagonal Lending $ 58,100 $ 104,580 Antczak Polich Law LLC - 279,123 Antilles Family Office LLC - 3,073,532 Scotia International 349,653 395,041 Total Convertible Notes Payable 407,753 3,852,276 Less Unamortized Discount (34,935 ) (50,578 ) Total Convertible Notes Payable, Net of Unamortized Debt Discount 372,818 3,801,698 Less Short-Term Convertible Notes Payable (372,818 ) (3,801,698 ) Total Long-Term Convertible Notes Payable, Net of Unamortized Debt Discount $ - $ - |
Stockholders_ Deficit (Tables)
Stockholders’ Deficit (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Equity [Abstract] | |
Schedule of Warrants Activity | The following tables summarize the warrant activity during the three months ended March 31, 2023 and the year ended December 31, 2022: Schedule of Warrants Activity Stock Warrants Number of Warrants Weighted Average Exercise Price Balance at December 31, 2021 9,550,000 $ 0.49 Forfeited (9,350,000 ) 0.49 Balance at December 31, 2022 200,000 0.75 Forfeited - - Balance at March 31, 2023 200,000 $ 0.75 |
Schedule of Warrants Outstanding and Exercisable | Schedule of Warrants Outstanding and Exercisable 2023 Outstanding Warrants Warrants Exercisable Range of Exercise Price Number Outstanding at March 31, 2023 Weighted Average Remaining Contractual Life Weighted Average Exercise Price Number Exercisable at March 31, 2023 Weighted Average Exercise Price $ 0.75 200,000 0.34 $ 0.75 200,000 $ 0.75 |
Discontinued Operations (Tables
Discontinued Operations (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Schedule of Discontinued operations | Schedule of Discontinued operations March 31, 2023 December 31, 2022 CURRENT ASSETS OF DISCONTINUED OPERATIONS (HELD FOR SALE): Cash and cash equivalents $ - $ 2,576 Accounts receivable - 10,752 Inventories - 277,106 Prepaid expenses and other current assets - 9,698 TOTAL CURRENT ASSETS OF DISCONTINUED OPERATIONS (HELD FOR SALE) $ - $ 300,132 NON-CURRENT ASSETS OF DISCONTINUED OPERATIONS (HELD FOR SALE): Property, plant and equipment, net $ - $ 680,643 Other assets - 142,291 TOTAL NON-CURRENT ASSETS OF DISCONTINUED OPERATIONS (HELD FOR SALE) $ - $ 822,934 CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (HELD FOR SALE): Accounts payable and accrued liabilities $ - $ 2,504,735 Finance lease liabilities - current portion - 139,029 Note payable - 272,418 Taxes payable - 389,045 TOTAL CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (HELD FOR SALE) $ - $ 3,305,227 NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (HELD FOR SALE): Finance lease liabilities, net of current portion $ - $ 23,851 Mine reclamation obligation - 743,822 TOTAL NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (HELD FOR SALE) $ - $ 767,673 In accordance with the provisions of ASC 205-20, the Company has not included in the results of continuing operations the results of operations of the discontinued operations in the consolidated statements of operations and comprehensive loss. The results of operations from discontinued operations for the three months ended March 31, 2023 and 2022 have been reflected as discontinued operations in the consolidated statements of operations and comprehensive loss for the three months ended March 31, 2023 and 2022, and consist of the following. March 31, 2023 March 31, 2022 Three Months Ended March 31, 2023 March 31, 2022 Precious Metals Income $ - $ 895,189 Cost of goods sold 315,152 728,898 Gross profit (315,152 ) 166,291 OPERATING EXPENSES OF DISCONTINUED OPERATIONS: General and administrative 181,519 104,463 Depreciation and amortization 212 1,281 OPERATING EXPENSES OF DISCONTINUED OPERATIONS 181,731 105,744 OPERATING INCOME (LOSS) OF DISCONTINUED OPERATIONS (496,883 ) 60,547 OTHER (INCOME) EXPENSE OF DISCONTINUED OPERATIONS Other income - (5,885 ) Interest expense 698 - OTHER (INCOME) EXPENSE OF DISCONTINUED OPERATIONS 698 (5,885 ) INCOME (LOSS) BEFORE INCOME TAXES OF DISCONTINUED OPERATIONS (497,581 ) 66,432 Provision for income taxes of discontinued operations - (27,382 ) NET INCOME (LOSS) OF DISCONTINUED OPERATIONS $ (497,581 ) $ 39,050 In accordance with the provisions of ASC 205-20, the Company has separately reported the cash flow activity of the discontinued operations in the consolidated statements of cash flows. The cash flow activity from discontinued operations for the three months ended March 31, 2023 and 2022 have been reflected as discontinued operations in the consolidated statements of cash flows for the three months ended March 31, 2023 and 2022, and consist of the following. March 31, 2023 March 31, 2022 Three Months Ended March 31, 2023 March 31, 2022 DISCONTINUED OPERATING ACTIVITIES Net income (loss) $ (497,581 ) $ 39,050 Depreciation expense 4,259 11,347 Changes in operating assets and liabilities: Trade receivables 91 (5,792 ) Inventories (12,981 ) 14,485 Prepaid expenses and other current assets (34,670 ) (18,123 ) Accounts payable and accrued liabilities (294,243 ) 112,005 Accounts payable and accrued liabilities - related parties 834,659 25,237 Net cash provided by (used in) operating activities of discontinued operations $ (466 ) $ 178,209 INVESTING ACTIVITIES OF DISCONTINUED OPERATIONS Purchase of property, plant and equipment $ (652 ) $ (3,983 ) Net cash used in investing activities of discontinued operations $ (652 ) $ (3,983 ) |
Nature of Business (Details Nar
Nature of Business (Details Narrative) - USD ($) | 3 Months Ended | ||||||||||
Feb. 21, 2020 | Jan. 11, 2016 | Oct. 02, 2015 | Feb. 25, 2013 | Nov. 21, 2012 | Mar. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2020 | Dec. 30, 2020 | Mar. 05, 2010 | Mar. 04, 2010 | |
Common stock, shares authorized | 10,300,000,000 | 10,300,000,000 | 800,000,000 | 500,000,000 | 500,000,000 | 100,000,000 | |||||
Reverse stock split description | 5.5 to 1 reverse stock split | 200 to 1 reverse stock split | 5.5 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 | ||||||||||
Promissory note issued to related party | $ 135,000 | $ 60,000 | |||||||||
Common stock, shares outstanding | 2,481,732,016 | 244,634,016 | |||||||||
Immediately Before Reverse Split [Member] | |||||||||||
Common stock, shares outstanding | 266,669,980 | ||||||||||
Immediately after Reverse Split [Member] | |||||||||||
Common stock, shares outstanding | 48,485,451 | ||||||||||
Clavo Rico Ltd. [Member] | |||||||||||
Shares issued for conversion of debt, shares | 240,225,901 | ||||||||||
Shares issued for conversion of debt | $ 5,488,980 | ||||||||||
Accrued interest | $ 3,434,426 | ||||||||||
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 | ||||||||||
Related Party [Member] | |||||||||||
Promissory note issued to related party | $ 868,618 | $ 8,074,944 | |||||||||
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 | ||||||||||
Stock issued during period for consideration of acquisition, shares | 16,000,000 | ||||||||||
Percentage of net royalty | 3% | ||||||||||
Gold American Mining Corp [Member] | Related Party [Member] | |||||||||||
Promissory note issued to related party | $ 950,000 |
Schedule of Fair Value of Finan
Schedule of Fair Value of Financial Instruments (Details) - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Platform Operator, Crypto-Asset [Line Items] | ||
Warrant liabilities | ||
Debt derivative liabilities | $ 57,410 | $ 3,262,612 |
Derivative Liability, Statement of Financial Position [Extensible Enumeration] | Derivative liabilities | Derivative liabilities |
Total Liabilities | $ 57,410 | $ 3,262,612 |
Fair Value, Inputs, Level 1 [Member] | ||
Platform Operator, Crypto-Asset [Line Items] | ||
Warrant liabilities | ||
Debt derivative liabilities | ||
Total Liabilities | ||
Fair Value, Inputs, Level 2 [Member] | ||
Platform Operator, Crypto-Asset [Line Items] | ||
Warrant liabilities | ||
Debt derivative liabilities | ||
Total Liabilities | ||
Fair Value, Inputs, Level 3 [Member] | ||
Platform Operator, Crypto-Asset [Line Items] | ||
Warrant liabilities | ||
Debt derivative liabilities | 57,410 | 3,262,612 |
Total Liabilities | $ 57,410 | $ 3,262,612 |
Schedule of Property and equipm
Schedule of Property and equipment Useful Lives (Details) | Mar. 31, 2023 |
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] | 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] | 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 | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Accounting Policies [Abstract] | ||
Net Income (Loss) - Controlling Interest | $ 15,270,062 | $ (882,057) |
Gain on settlement of debt | (5,897,425) | |
Interest Expense | 66,166 | |
Change in Derivative Liabilities | (3,220,312) | |
Adjusted Net Income (Loss) - Controlling Interest | $ 6,232,162 | $ (882,057) |
Basic Weighted Average Number of Shares Outstanding during Period | 1,694,827,331 | 170,736,437 |
Dilutive Shares | 430,295,011,920 | |
Diluted Weighted Average Number of Shares Outstanding during Period | 431,989,839,251 | 170,736,437 |
Diluted Net Income (Loss) per Share | $ 0 | $ (0.01) |
Schedule of Balance Sheet Opera
Schedule of Balance Sheet Operating Lease (Details) - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Accounting Policies [Abstract] | ||
Long-term right-of-use assets | $ 19,792 | $ 23,106 |
Short-term operating lease liabilities | 13,621 | 13,511 |
Long-term operating lease liabilities | 6,171 | 9,595 |
Total operating lease liabilities | $ 19,792 | $ 23,106 |
Schedule of Maturities Undiscou
Schedule of Maturities Undiscounted Operating Lease Liabilities (Details) - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Accounting Policies [Abstract] | ||
2023 | $ 11,221 | |
2024 | 10,504 | |
Total lease payments | 21,725 | |
Less: imputed interest/present value discount | (1,933) | |
Present value of lease liabilities | $ 19,792 | $ 23,106 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details Narrative) | 3 Months Ended | ||
Mar. 31, 2023 USD ($) Segment shares | Mar. 31, 2022 USD ($) shares | Dec. 31, 2022 USD ($) | |
Accounting Policies [Abstract] | |||
Net loss | $ 15,283,733 | $ (882,215) | |
Working capital deficit | 684,988 | ||
Cash equivalents | 0 | $ 0 | |
Cash deposit insured by FDIC | 250,000 | ||
Note receivable | 2,595,000 | $ 0 | |
Net of reserves | $ 0 | ||
Diluted loss per share | shares | 24,205,782 | 430,367,923,880 | |
Number of operating segments | Segment | 1 | ||
Operating lease rent expense | $ 3,987 | $ 3,870 | |
Operating lease rent expense | $ 3,700 | $ 3,700 |
Summary of Changes in Fair Valu
Summary of Changes in Fair Value of Level 3 Financial Liabilities (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Platform Operator, Crypto-Asset [Line Items] | ||
Change in fair value of derivative liabilities and warrant liability | $ (3,205,202) | $ (45,607) |
Fair Value, Inputs, Level 3 [Member] | ||
Platform Operator, Crypto-Asset [Line Items] | ||
Derivative liabilities, beginning balances | 3,262,612 | |
Fair value of derivative liabilities | ||
Change in fair value of derivative liabilities and warrant liability | (3,205,202) | |
Derivative liabilities, ending balances | $ 57,410 |
Derivative Financial Instrume_3
Derivative Financial Instruments (Details Narrative) | 3 Months Ended | ||
Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | Dec. 31, 2022 USD ($) | |
Derivative [Line Items] | |||
Derivative liabilities | $ 57,410 | $ 3,262,612 | |
Derivative gain loss on derivative net | 3,205,202 | $ 45,607 | |
Warrant liability | $ 0 | ||
Measurement Input, Expected Dividend Rate [Member] | |||
Derivative [Line Items] | |||
Warrants measurement input | 0 | ||
Measurement Input, Price Volatility [Member] | Minimum [Member] | |||
Derivative [Line Items] | |||
Warrants measurement input | 241.87 | ||
Measurement Input, Price Volatility [Member] | Maximum [Member] | |||
Derivative [Line Items] | |||
Warrants measurement input | 281.16 | ||
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member] | |||
Derivative [Line Items] | |||
Warrants measurement input | 4.74 | ||
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member] | |||
Derivative [Line Items] | |||
Warrants measurement input | 4.94 | ||
Measurement Input, Expected Term [Member] | Minimum [Member] | |||
Derivative [Line Items] | |||
Expected life | 1 month 9 days | ||
Measurement Input, Expected Term [Member] | Maximum [Member] | |||
Derivative [Line Items] | |||
Expected life | 6 months 25 days | ||
Debt Derivative Liability [Member] | |||
Derivative [Line Items] | |||
Derivative gain loss on derivative net | $ 3,205,202 | ||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Expected Dividend Rate [Member] | |||
Derivative [Line Items] | |||
Debt instrument mesurement input | 0 | ||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Price Volatility [Member] | Minimum [Member] | |||
Derivative [Line Items] | |||
Debt instrument mesurement input | 2.8388 | ||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||
Derivative [Line Items] | |||
Debt instrument mesurement input | 0.0479 | ||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member] | |||
Derivative [Line Items] | |||
Debt instrument mesurement input | 0.0474 | ||
Debt Derivative Liability [Member] | The Binomial Option Pricing Model [Member] | Measurement Input, Expected Term [Member] | Minimum [Member] | |||
Derivative [Line Items] | |||
Fair value of assumptions expected life | 6 months 18 days | ||
Debt Derivative Liability [Member] | Monte Carlo Valuation Model [Member] | Measurement Input, Price Volatility [Member] | |||
Derivative [Line Items] | |||
Debt instrument mesurement input | 266.50 | ||
Debt Derivative Liability [Member] | Monte Carlo Valuation Model [Member] | Measurement Input, Expected Term [Member] | |||
Derivative [Line Items] | |||
Fair value of assumptions expected life | 29 days | ||
Warrant Liability [Member] | |||
Derivative [Line Items] | |||
Fair value adjustment of warrants | $ 0 | ||
Accounting Standards Update 2018-03 [Member] | |||
Derivative [Line Items] | |||
Derivative liabilities | $ 57,410 |
Schedule of Note Receivable (De
Schedule of Note Receivable (Details) - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Total Note Receivable | $ 2,595,000 | |
Less: Current Maturities | (1,050,000) | |
Total Long-Term Note Receivable | 1,545,000 | |
Mother Lode Mining Inc [Member] | ||
Total Note Receivable | $ 2,595,000 |
Schedule of Note Receivable (_2
Schedule of Note Receivable (Details) (Parenthetical) - Mother Lode Mining Inc [Member] - USD ($) | Mar. 31, 2023 | Jan. 12, 2023 |
Original principal amount | $ 5,700,000 | |
Accruing interest | $ 0 | |
Maturity date | Feb. 01, 2025 |
Note Receivable (Details Narrat
Note Receivable (Details Narrative) - USD ($) | 3 Months Ended | ||||||||||||
Jun. 01, 2023 | May 01, 2023 | Apr. 01, 2023 | Mar. 01, 2023 | Jan. 24, 2023 | Jan. 23, 2023 | Jan. 18, 2023 | Jan. 17, 2023 | Jan. 16, 2023 | Jan. 12, 2023 | Jan. 05, 2023 | Jan. 03, 2023 | Mar. 31, 2023 | |
Debt instrument, frequency of periodic payment | Outstanding balances and missed Monthly Payments will be secured by a 10% NSR on the Clavo Rico mine production until the Monthly Payments are delivered and the purchase price is paid in full. In addition to the Monthly Payments, the Company will receive a carried forward net profits interest royalty (“NPI”) of 5% on the Clavo Rico mine production until the total NPI paid to the Company is $1,000,000, subject to limited conditions. | ||||||||||||
Letter of Intent [Member] | |||||||||||||
Debt instrument, periodic payment | $ 25,000 | $ 2,620,000 | |||||||||||
Payments for proceeds from loans receivable | $ 1,000,000 | ||||||||||||
Letter of Intent [Member] | Twenty Months Until February 1, 2025 [Member] | |||||||||||||
Debt instrument, periodic payment | $ 100,000 | ||||||||||||
Debt instrument,carry amount | $ 2,595,000 | ||||||||||||
Letter of Intent [Member] | Subsequent Event [Member] | |||||||||||||
Debt instrument, periodic payment | $ 50,000 | $ 50,000 | $ 50,000 | ||||||||||
Mother Lode Mining Inc [Member] | |||||||||||||
Purchase price of cash consideration | $ 500,000 | $ 500,000 | $ 1,200,000 | $ 200,000 | $ 100,000 | $ 300,000 | $ 280,000 |
Schedule of Properties, Plant a
Schedule of Properties, Plant and equipment (Details) - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Property, Plant and Equipment [Abstract] | ||
Machinery and Equipment | $ 25,368 | $ 25,368 |
Office Equipment and Furniture | 1,627 | 1,627 |
Property, Plant and Equipment Gross | 26,995 | 26,995 |
Less Accumulated Depreciation | (23,191) | (23,012) |
Total Property, Plant and Equipment | $ 3,804 | $ 3,983 |
Properties, Plant and Equipme_3
Properties, Plant and Equipment, Net (Details Narrative) - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 179 | $ 179 |
Schedule of Accounts Payable an
Schedule of Accounts Payable and Accrued Liabilities (Details) - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Payables and Accruals [Abstract] | ||
Accounts Payable | $ 226,102 | $ 127,612 |
Accrued Liabilities | 331,131 | 4,221,586 |
Accrued Salaries and Benefits | 686,788 | 732,346 |
Total Accrued Liabilities | $ 1,244,021 | $ 5,081,544 |
Schedule of Notes Payable (Deta
Schedule of Notes Payable (Details) - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Total Notes Payable | $ 135,000 | $ 60,000 |
Less Short-Term Notes Payable | (75,000) | |
Related Party [Member] | ||
Total Notes Payable | 868,618 | 8,074,944 |
Total Long-Term Notes Payable | 60,000 | 60,000 |
Phil Zobrist [Member] | ||
Total Notes Payable | 60,000 | 60,000 |
Antczak Polich Law LLC [Member] | ||
Total Notes Payable | $ 75,000 |
Notes Payable (Details Narrativ
Notes Payable (Details Narrative) - USD ($) | 3 Months Ended | ||||||
Oct. 02, 2015 | Jan. 10, 2013 | Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2015 | Jan. 11, 2013 | |
Short-Term Debt [Line Items] | |||||||
Gain on extinguishment of debt | $ 5,897,425 | $ (124,158) | |||||
Derivative liability | 57,410 | $ 3,262,612 | |||||
Notes payable | 135,000 | 60,000 | |||||
Antczak Polich Law LLC [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Notes payable | 75,000 | ||||||
Promissory Note [Member] | Antczak Polich Law LLC [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Loan amount paid | 10,000 | ||||||
Phil Zobrist [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Notes payable | $ 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 | 0% | ||||||
Proceeds from issuance of debt | $ 60,000 | ||||||
Debt instrument, maturity date | Dec. 31, 2016 | Dec. 31, 2024 | |||||
Accrued interest | $ 110,397 | $ 29,412 | |||||
Debt instruments conversion price per share | $ 0.99 | ||||||
Percentage of debt discount | 50% | ||||||
Gain on extinguishment of debt | $ 121,337 | ||||||
Derivative liability | 11,842 | ||||||
Notes payable | $ 60,000 | ||||||
Phil Zobrist [Member] | Unsecured Promissory Note [Member] | Pre Split [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Debt instruments conversion price per share | $ 0.18 | ||||||
Unsecured Promissory Note [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Debt instrument, interest rate, stated percentage | 18% | ||||||
Antczak Polich Law LLC [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Notes payable | $ 75,000 | ||||||
Antczak Polich Law LLC [Member] | Unsecured Promissory Note [Member] | |||||||
Short-Term Debt [Line Items] | |||||||
Unsecured debt, current | $ 75,000 |
Schedule of Related Parties Not
Schedule of Related Parties Notes Payable (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2023 | Dec. 31, 2022 | |
Promissory note issued to related party | $ 135,000 | $ 60,000 |
Total Long-Term Notes Payable - Related Parties | 868,618 | |
Related Party [Member] | ||
Promissory note issued to related party | 868,618 | 8,074,944 |
Less Short-Term Notes Payable - Related Parties | (2,695,964) | |
Total Long-Term Notes Payable - Related Parties | $ 5,378,980 | |
Clavo Rico, Inc. [Member] | ||
Related parties relationship description | Affiliate - Controlled by Director | Affiliate - Controlled by Director |
Clavo Rico, Inc. [Member] | Related Party [Member] | ||
Promissory note issued to related party | $ 3,377,980 | |
Claymore Management [Member] | ||
Related parties relationship description | Affiliate - Controlled by Director | Affiliate - Controlled by Director |
Claymore Management [Member] | Related Party [Member] | ||
Promissory note issued to related party | $ 185,000 | |
Cluff Rich PC 401 K [Member] | ||
Related parties relationship description | Affiliate - Controlled by Director | Affiliate - Controlled by Director |
Cluff Rich PC 401 K [Member] | Related Party [Member] | ||
Promissory note issued to related party | $ 51,000 | $ 60,000 |
Debra D'ambrosio [Member] | ||
Related parties relationship description | Immediate Family Member | Immediate Family Member |
Debra D'ambrosio [Member] | Related Party [Member] | ||
Promissory note issued to related party | $ 422,618 | $ 446,210 |
Francis E. Rich IRA [Member] | ||
Related parties relationship description | Immediate Family Member | Immediate Family Member |
Francis E. Rich IRA [Member] | Related Party [Member] | ||
Promissory note issued to related party | $ 100,000 | $ 100,000 |
Legends Capital [Member] | ||
Related parties relationship description | Affiliate - Controlled by Director | Affiliate - Controlled by Director |
Legends Capital [Member] | Related Party [Member] | ||
Promissory note issued to related party | $ 715,000 | |
LW Briggs Irrevocable Trust [Member] | ||
Related parties relationship description | Affiliate - Controlled by Director | Affiliate - Controlled by Director |
LW Briggs Irrevocable Trust [Member] | Related Party [Member] | ||
Promissory note issued to related party | $ 1,101,000 | |
MDL Ventures LLC [Member] | ||
Related parties relationship description | Affiliate - Controlled by Director | Affiliate - Controlled by Director |
MDL Ventures LLC [Member] | Related Party [Member] | ||
Promissory note issued to related party | $ 1,794,754 | |
Pine Valley Investments [Member] | ||
Related parties relationship description | Affiliate - Controlled by Director | Affiliate - Controlled by Director |
Pine Valley Investments [Member] | Related Party [Member] | ||
Promissory note issued to related party | $ 295,000 | $ 295,000 |
WOC Energy LLC [Member] | ||
Related parties relationship description | Affiliate - Controlled by Director | Affiliate - Controlled by Director |
WOC Energy LLC [Member] | Related Party [Member] | ||
Promissory note issued to related party |
Notes Payable _ Related Parti_3
Notes Payable – Related Parties (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | ||||||||||||||
Feb. 01, 2023 | Feb. 01, 2023 | Jan. 18, 2023 | Jan. 01, 2023 | Oct. 18, 2022 | Jun. 29, 2022 | Oct. 15, 2020 | Jul. 29, 2019 | May 20, 2019 | Apr. 05, 2019 | Oct. 02, 2016 | Oct. 01, 2014 | Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Debt conversion amount | $ 1,200,000 | $ 120,000 | ||||||||||||||
Gain/loss on extinguishment of debt | $ 5,897,425 | $ (124,158) | ||||||||||||||
Unsecured Convertible Note Payable Agreement [Member] | Pre Split [Member] | ||||||||||||||||
Debt instruments conversion price per share | $ 0.18 | |||||||||||||||
Unsecured Convertible Note Payable Agreement [Member] | MDL Ventures LLC [Member] | ||||||||||||||||
Debt instrument, maturity date | Dec. 31, 2016 | Dec. 31, 2020 | ||||||||||||||
Debt instrument, interest rate, effective percentage | 18% | |||||||||||||||
Percentage of equity ownership interest rate | 100% | |||||||||||||||
Debt instruments conversion price per share | $ 0.99 | |||||||||||||||
Percentage of debt discount | 50% | |||||||||||||||
Gain/loss on extinguishment of debt | $ 1,487,158 | |||||||||||||||
Unsecured Convertible Note Payable Agreement [Member] | Pine Valley Investment LLC [Member] | ||||||||||||||||
Debt instrument, maturity date | Mar. 01, 2025 | |||||||||||||||
Cluff Rich PC 401 K [Member] | ||||||||||||||||
Number of share issued, settlement | 5,142,857 | |||||||||||||||
Debt conversion amount | $ 18,000 | $ 18,000 | ||||||||||||||
Debra D'ambrosio [Member] | ||||||||||||||||
Debt conversion amount | $ 81,204 | 81,204 | ||||||||||||||
Francis E. Rich IRA [Member] | ||||||||||||||||
Number of share issued, settlement | 16,428,571 | |||||||||||||||
Debt conversion amount | $ 57,500 | |||||||||||||||
Investor [Member] | ||||||||||||||||
Gain/loss on extinguishment of debt | 5,568,591 | $ 1,783,593 | ||||||||||||||
Investor [Member] | Secured Convertible Promissory Note [Member] | ||||||||||||||||
Debt instrument, maturity date | May 20, 2022 | |||||||||||||||
Debt instrument, interest rate, effective percentage | 24% | |||||||||||||||
Accrued interest | 0 | |||||||||||||||
Gross balance note | 0 | |||||||||||||||
Debt instruments conversion price per share | $ 0.11 | |||||||||||||||
Percentage of debt discount | 25% | |||||||||||||||
Gain/loss on extinguishment of debt | $ 40,350 | $ 531,194 | ||||||||||||||
Cash payment amount | 140,671 | $ 500,000 | ||||||||||||||
MDL Ventures [Member] | ||||||||||||||||
Number of share issued, settlement | 485,402,857 | |||||||||||||||
Debt conversion amount | $ 1,794,754 | |||||||||||||||
Pine Valley Investment LLC [Member] | ||||||||||||||||
Number of share issued, settlement | 32,928,571 | |||||||||||||||
Debt conversion amount | 115,250 | |||||||||||||||
Claymore Management [Member] | ||||||||||||||||
Debt instrument, maturity date | Dec. 31, 2024 | |||||||||||||||
Accrued interest | 0 | |||||||||||||||
Gross balance note | 0 | |||||||||||||||
One Unsecured Short Term Promissory Note [Member] | ||||||||||||||||
Gross balance note | 51,000 | |||||||||||||||
Promissory Note [Member] | Cluff Rich PC 401 K [Member] | ||||||||||||||||
Loan amount paid | 9,000 | |||||||||||||||
Legends Capital Group [Member] | ||||||||||||||||
Accrued interest | 0 | |||||||||||||||
Gross balance note | 0 | |||||||||||||||
LW Briggs Irrevocable Trust [Member] | ||||||||||||||||
Accrued interest | 0 | |||||||||||||||
Gross balance note | 0 | |||||||||||||||
MDL Ventures [Member] | ||||||||||||||||
Accrued interest | 0 | |||||||||||||||
Gross balance note | 0 | |||||||||||||||
Pine Valley Investment LLC [Member] | ||||||||||||||||
Gross balance note | 295,000 | |||||||||||||||
Clavo Rico Inc [Member] | ||||||||||||||||
Number of share issued, settlement | 965,137,143 | |||||||||||||||
Debt conversion amount | $ 9,774,869 | $ 3,377,980 | ||||||||||||||
Accrued interest | $ 6,396,889 | $ 6,396,889 | ||||||||||||||
Claymore Management [Member] | ||||||||||||||||
Number of share issued, settlement | 52,857,143 | |||||||||||||||
Debt conversion amount | $ 580,768 | |||||||||||||||
Claymore Management [Member] | Related Party [Member] | ||||||||||||||||
Debt conversion amount | 185,000 | |||||||||||||||
Debra D'ambrosio [Member] | ||||||||||||||||
Number of share issued, settlement | 23,200,857 | |||||||||||||||
Legends Capital Group [Member] | ||||||||||||||||
Number of share issued, settlement | 204,285,714 | |||||||||||||||
Debt conversion amount | $ 715,000 | 2,204,695 | ||||||||||||||
LW Briggs Irrevocable Trust [Member] | ||||||||||||||||
Number of share issued, settlement | 314,571,429 | |||||||||||||||
Debt conversion amount | $ 1,101,000 | 3,370,371 | ||||||||||||||
G A I A Ltdand Silverbrook Corporation [Member] | ||||||||||||||||
Outstanding principal, percentage | 100% | |||||||||||||||
Debt instrument, maturity date | Dec. 31, 2024 | |||||||||||||||
Debt instrument, interest rate, effective percentage | 18% | |||||||||||||||
Accrued interest | 0 | |||||||||||||||
Gross balance note | 0 | |||||||||||||||
Claymore Management [Member] | ||||||||||||||||
Accrued interest | $ 395,768 | 395,768 | ||||||||||||||
Cluff Rich PC 401 K [Member] | One Unsecured Short Term Promissory Note [Member] | ||||||||||||||||
Debt instrument, maturity date | Dec. 31, 2022 | |||||||||||||||
Debt instrument, interest rate, effective percentage | 5% | |||||||||||||||
Unsecured debt, current | $ 60,000 | |||||||||||||||
Debra D'ambrosio [Member] | ||||||||||||||||
Gross balance note | $ 422,618 | |||||||||||||||
Debra D'ambrosio [Member] | One Unsecured Short Term Promissory Note [Member] | ||||||||||||||||
Debt instrument, maturity date | Mar. 01, 2025 | |||||||||||||||
Debra D'ambrosio [Member] | Six Unsecured Short Term Promissory Note [Member] | ||||||||||||||||
Debt instrument, interest rate, effective percentage | 3% | |||||||||||||||
Accrued interest | $ 81,204 | |||||||||||||||
Unsecured debt, current | 446,210 | $ 6,408 | ||||||||||||||
Debra D'ambrosio [Member] | Eleven Unsecured Short Term Promissory Note [Member] | ||||||||||||||||
Debt instrument, periodic payment, principal | 30,000 | |||||||||||||||
Francis E. Rich IRA [Member] | ||||||||||||||||
Gross balance note | $ 100,000 | |||||||||||||||
Francis E. Rich IRA [Member] | Two Unsecured Short Term Promissory Note [Member] | ||||||||||||||||
Accrued interest | 47,500 | |||||||||||||||
Unsecured debt, current | $ 100,000 | |||||||||||||||
Francis E. Rich IRA [Member] | Two Short Term Promissory Note [Member] | ||||||||||||||||
Debt instrument, maturity date | Mar. 01, 2025 | |||||||||||||||
Legends Capital Group [Member] | ||||||||||||||||
Accrued interest | $ 1,489,695 | 1,489,695 | ||||||||||||||
LW Briggs Irrevocable Trust [Member] | ||||||||||||||||
Accrued interest | 2,269,371 | 2,269,371 | ||||||||||||||
MDL Ventures [Member] | ||||||||||||||||
Accrued interest | $ 0 | $ 0 | ||||||||||||||
Pine Valley Investment LLC [Member] | Three Unsecured Short Term Promissory Note [Member] | ||||||||||||||||
Accrued interest | $ 115,250 | |||||||||||||||
Unsecured debt, current | $ 295,000 |
Schedule of Convertible Notes P
Schedule of Convertible Notes Payable (Details) - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Short-Term Debt [Line Items] | ||
Less Short-Term Convertible Notes Payable | $ (372,818) | $ (3,801,698) |
Antilles Family Office LLC [Member] | ||
Short-Term Debt [Line Items] | ||
Total Convertible Notes Payable | 3,073,532 | |
Diagonal Lending [Member] | ||
Short-Term Debt [Line Items] | ||
Total Convertible Notes Payable | 58,100 | 104,580 |
Antczak Polich Law LLC [Member] | ||
Short-Term Debt [Line Items] | ||
Total Convertible Notes Payable | 279,123 | |
Scotia International [Member] | ||
Short-Term Debt [Line Items] | ||
Total Convertible Notes Payable | 349,653 | 395,041 |
Convertible Notes Payable [Member] | ||
Short-Term Debt [Line Items] | ||
Total Convertible Notes Payable | 407,753 | 3,852,276 |
Less Unamortized Discount | (34,935) | (50,578) |
Total Convertible Notes Payable, Net of Unamortized Debt Discount | 372,818 | 3,801,698 |
Less Short-Term Convertible Notes Payable | (372,818) | (3,801,698) |
Total Long-Term Convertible Notes Payable, Net of Unamortized Debt Discount |
Convertible Notes Payable (Deta
Convertible Notes Payable (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | ||||||||||||||
Oct. 18, 2022 | Jul. 29, 2019 | May 20, 2019 | Jan. 10, 2019 | Dec. 01, 2018 | Aug. 01, 2018 | Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 30, 2021 | Dec. 31, 2020 | Mar. 21, 2023 | Jan. 18, 2023 | Nov. 30, 2022 | Oct. 18, 2018 | |
Amortization of debt discount | $ 15,643 | $ 826 | ||||||||||||||
Non convertible note | 372,818 | $ 3,801,698 | ||||||||||||||
Gain (loss) on extinguishment of debt | 5,897,425 | (124,158) | ||||||||||||||
Repayments of notes payable | $ 28,406 | |||||||||||||||
Investor [Member] | ||||||||||||||||
Gain (loss) on extinguishment of debt | 5,568,591 | $ 1,783,593 | ||||||||||||||
Converted instrument, shares issued, value | $ 231,724 | |||||||||||||||
Converted instrument, shares issued | 83,753,430 | |||||||||||||||
Repayments of notes payable | $ 142,857 | |||||||||||||||
Diagonal Lending LLC [Member] | ||||||||||||||||
Debt instrument, face amount | $ 16,200 | |||||||||||||||
Long-term debt, gross | 52,058 | $ 13,014 | ||||||||||||||
Antilles Family Office LLC [Member] | ||||||||||||||||
Long-term debt, gross | $ 1,200,000 | |||||||||||||||
Accrued interest | 3,695,059 | |||||||||||||||
Loss contingency, damages sought, value | $ 5,324,206 | |||||||||||||||
Unsecured Convertible Promissory Note One [Member] | Diagonal Lending LLC [Member] | ||||||||||||||||
Debt instrument, face amount | $ 116,200 | |||||||||||||||
Debt instrument, maturity date | Oct. 18, 2023 | |||||||||||||||
Long-term debt, gross | 46,480 | |||||||||||||||
Accrued interest | 6,972 | |||||||||||||||
Unsecured Convertible Promissory Note One [Member] | Antczak Polich Law LLC [Member] | ||||||||||||||||
Debt instrument, face amount | $ 130,000 | $ 300,000 | ||||||||||||||
Debt instrument, maturity date | Dec. 01, 2019 | Aug. 01, 2019 | ||||||||||||||
Long-term debt, gross | 0 | |||||||||||||||
Accrued interest | 0 | |||||||||||||||
Legal fees | $ 130,000 | $ 300,000 | ||||||||||||||
Converted instrument, shares issued price per shares | $ 0.75 | $ 0.75 | ||||||||||||||
Non convertible note | $ 75,000 | |||||||||||||||
Gain (loss) on extinguishment of debt | 314,692 | |||||||||||||||
Unsecured Convertible Promissory Note One [Member] | Antilles Family Office LLC [Member] | ||||||||||||||||
Long-term debt, gross | $ 1,873,532 | |||||||||||||||
Unsecured Convertible Promissory Note Two [Member] | Diagonal Lending LLC [Member] | ||||||||||||||||
Debt instrument, interest rate, stated percentage | 12% | |||||||||||||||
Long-term debt, gross | 58,100 | 11,620 | ||||||||||||||
Accrued interest | 5,578 | $ 1,394 | ||||||||||||||
Unsecured Convertible Promissory Note Two [Member] | Antczak Polich Law LLC [Member] | ||||||||||||||||
Debt instrument, interest rate, stated percentage | 8% | 8% | ||||||||||||||
Gain (loss) on extinguishment of debt | 14,142 | |||||||||||||||
Secured Convertible Promissory Note [Member] | Investor [Member] | ||||||||||||||||
Debt instrument, face amount | $ 4,250,000 | |||||||||||||||
Debt instrument, maturity date | May 20, 2022 | |||||||||||||||
Debt instrument, interest rate, stated percentage | 20% | |||||||||||||||
Proceeds from issuance of debt | $ 100,000 | $ 3,000,000 | ||||||||||||||
Percentage of debt discount | 25% | |||||||||||||||
Long-term debt, gross | 0 | |||||||||||||||
Accrued interest | 0 | |||||||||||||||
Converted instrument, shares issued price per shares | $ 0.11 | |||||||||||||||
Gain (loss) on extinguishment of debt | $ 40,350 | $ 531,194 | ||||||||||||||
Interest rate, effective percentage | 24% | |||||||||||||||
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 life | |||||||||||||||
Proceeds from Issuance of Warrants | $ 1,788,038 | |||||||||||||||
Fair value adjustment of warrants | $ 1,211,962 | |||||||||||||||
Early payoff penalty | 140% | |||||||||||||||
Converted instrument, shares issued, value | $ 265,000 | $ 36,300 | ||||||||||||||
Converted instrument, shares issued | 2,986,597 | 17,833,942 | ||||||||||||||
Cash payment amount | 140,671 | $ 500,000 | ||||||||||||||
Increased interest rate | 20% | |||||||||||||||
Secured Convertible Promissory Note [Member] | Investor [Member] | 2021 [Member] | ||||||||||||||||
Debt instrument, periodic payment, principal | 2,400,000 | |||||||||||||||
Secured Convertible Promissory Note [Member] | Investor [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] | Investor [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] | Investor [Member] | Warrant 3 [Member] | ||||||||||||||||
Number of securities called by each warrant or right | 2,500,000 | |||||||||||||||
Exercise price of warrants | $ 0.60 | |||||||||||||||
Unsecured Convertible Promissory Note [Member] | Investor [Member] | ||||||||||||||||
Converted instrument, shares issued price per shares | $ 0.01 | |||||||||||||||
Unsecured Convertible Promissory Note [Member] | Diagonal Lending LLC [Member] | ||||||||||||||||
Amortization of debt discount | 15,643 | |||||||||||||||
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 | 349,653 | |||||||||||||||
Accrued interest | $ 100,857 | |||||||||||||||
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 | |||||||||||||||
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 | 3 Months Ended | 12 Months Ended |
Mar. 31, 2023 | Dec. 31, 2022 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of Warrants, Beginning Balance | 200,000 | 9,550,000 |
Weighted Average Exercise Price, Beginning Balance | $ 0.75 | $ 0.49 |
Number of Warrants, Forfeited | (9,350,000) | |
Weighted Average Exercise Price, Forfeited | $ 0.49 | |
Number of Warrants, Forfeited | 9,350,000 | |
Number of Warrants, Ending Balance | 200,000 | 200,000 |
Weighted Average Exercise Price, Ending Balance | $ 0.75 | $ 0.75 |
Schedule of Warrants Outstandin
Schedule of Warrants Outstanding and Exercisable (Details) - Warrant [Member] - $ / shares | 3 Months Ended | ||
Mar. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Outstanding Warrants, Range of Exercise Price | $ 0.75 | ||
Number of Warrants Outstanding, Ending Balance | 200,000 | 200,000 | 9,550,000 |
Weighted Average Remaining Contractual Life | 4 months 2 days | ||
Warrants Outstanding, Weighted Average Exercise Price | $ 0.75 | ||
Number of Warrants Exercisable Ending Balance | 200,000 | ||
Warrants Exercisable, Weighted Average Exercise Price | $ 0.75 |
Stockholders_ Deficit (Details
Stockholders’ Deficit (Details Narrative) - USD ($) | 1 Months Ended | ||||||
Feb. 17, 2023 | Feb. 01, 2023 | Feb. 01, 2023 | Jan. 18, 2023 | Jan. 01, 2023 | Oct. 15, 2020 | Feb. 17, 2023 | |
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Debt conversion amount | $ 1,200,000 | $ 120,000 | |||||
Legends Capital Group [Member] | |||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Number of shaes issued, restricted stock | 204,285,714 | ||||||
Debt conversion amount | $ 2,204,695 | $ 715,000 | |||||
LW Briggs Irrevocable Trust [Member] | |||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Number of shaes issued, restricted stock | 314,571,429 | ||||||
Debt conversion amount | $ 3,370,371 | $ 1,101,000 | |||||
Claymore Management [Member] | |||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Number of shaes issued, restricted stock | 52,857,143 | ||||||
Debt conversion amount | $ 580,768 | ||||||
Clavo Rico Inc [Member] | |||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Number of shaes issued, restricted stock | 965,137,143 | ||||||
Debt conversion amount | $ 3,377,980 | $ 9,774,869 | |||||
Pine Valley Investments [Member] | |||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Number of shaes issued, restricted stock | 32,928,571 | ||||||
Debt conversion amount | $ 115,250 | ||||||
Justin Wilson [Member] | |||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Number of shaes issued, restricted stock | 28,571,429 | ||||||
Issued shares per share price | $ 0.0006 | ||||||
Stock based compensation expense | $ 17,143 | ||||||
Sean Wilson [Member] | |||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Number of shaes issued, restricted stock | 28,571,429 | ||||||
Issued shares per share price | $ 0.0006 | ||||||
Stock based compensation expense | $ 17,143 | ||||||
Cluff Rich PC 401 K [Member] | |||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Number of shaes issued, restricted stock | 5,142,857 | ||||||
Debt conversion amount | 18,000 | $ 18,000 | |||||
Fran Rich [Member] | |||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Number of shaes issued, restricted stock | 16,428,571 | ||||||
Debt conversion amount | $ 57,500 | ||||||
Debra D'ambrosio [Member] | |||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Number of shaes issued, restricted stock | 23,200,857 | ||||||
Debt conversion amount | $ 81,204 | $ 81,204 | |||||
Trent D' Ambrosio [Member] | |||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Number of shaes issued, restricted stock | 485,402,857 | ||||||
Debt conversion amount | $ 1,794,754 | ||||||
Kay Briggs [Member] | |||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Number of shaes issued, restricted stock | 17,142,857 | ||||||
Debt conversion amount | $ 60,000 | ||||||
Whit Cluff [Member] | |||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Issued shares per share price | $ 0.0014 | $ 0.0014 | |||||
Stock based compensation expense | $ 60,000 | ||||||
Number of shaes issued, restricted stock | 42,857,143 | ||||||
Rod Sperry [Member] | |||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Issued shares per share price | $ 0.0014 | $ 0.0014 | |||||
Stock based compensation expense | $ 4,000 | ||||||
Number of shaes issued, restricted stock | 2,857,143 | ||||||
Brunson Chandler And Jones P LLC [Member] | |||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Issued shares per share price | $ 0.0014 | $ 0.0014 | |||||
Stock based compensation expense | $ 4,000 | ||||||
Number of shaes issued, restricted stock | 2,857,143 | ||||||
Kyle Pickard [Member] | |||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||
Issued shares per share price | $ 0.0014 | $ 0.0014 | |||||
Stock based compensation expense | $ 20,000 | ||||||
Number of shaes issued, restricted stock | 14,285,714 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 1 Months Ended | |||
Apr. 01, 2019 | Oct. 31, 2017 | Feb. 28, 2014 | Mar. 31, 2023 | |
Notes Payable [Member] | Related Party [Member] | ||||
Related Party Transaction [Line Items] | ||||
Due from related parties | $ 6,408 | |||
Due to related parties | $ 39,000 | |||
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 |
Commitments and Contingencies (
Commitments and Contingencies (Details Narrative) - USD ($) | Jan. 18, 2023 | Dec. 20, 2022 | Oct. 15, 2020 |
Commitments and Contingencies Disclosure [Abstract] | |||
Debt conversion amount | $ 1,200,000 | $ 120,000 | |
Tax Obligations due in the amount | $ 9,245,637.70 | ||
Accrued settlement expense | $ 385,234.90 |
Schedule of Discontinued operat
Schedule of Discontinued operations (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
CURRENT ASSETS OF DISCONTINUED OPERATIONS (HELD FOR SALE): | |||
TOTAL CURRENT ASSETS OF DISCONTINUED OPERATIONS (HELD FOR SALE) | $ 300,132 | ||
NON-CURRENT ASSETS OF DISCONTINUED OPERATIONS (HELD FOR SALE): | |||
Other assets | 822,934 | ||
CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (HELD FOR SALE): | |||
TOTAL CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (HELD FOR SALE) | 3,305,227 | ||
NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (HELD FOR SALE): | |||
TOTAL NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (HELD FOR SALE) | 767,673 | ||
NET INCOME (LOSS) OF DISCONTINUED OPERATIONS | 497,581 | $ (39,050) | |
Net income (loss) | (6,657,072) | (39,050) | |
Depreciation expense | 179 | 179 | |
Changes in operating assets and liabilities: | |||
Prepaid expenses and other current assets | 988 | 4,804 | |
Accounts payable and accrued liabilities | (44,620) | 374,049 | |
Accounts payable and accrued liabilities - related parties | (1,421,586) | 267,039 | |
Net cash provided by (used in) operating activities of discontinued operations | (466) | 178,209 | |
INVESTING ACTIVITIES OF DISCONTINUED OPERATIONS | |||
Net cash used in investing activities of discontinued operations | (652) | (3,983) | |
Discontinued Operations, Disposed of by Sale [Member] | |||
CURRENT ASSETS OF DISCONTINUED OPERATIONS (HELD FOR SALE): | |||
Cash and cash equivalents | 2,576 | ||
Accounts receivable | 10,752 | ||
Inventories | 277,106 | ||
Prepaid expenses and other current assets | 9,698 | ||
TOTAL CURRENT ASSETS OF DISCONTINUED OPERATIONS (HELD FOR SALE) | 300,132 | ||
NON-CURRENT ASSETS OF DISCONTINUED OPERATIONS (HELD FOR SALE): | |||
Property, plant and equipment, net | 680,643 | ||
Other assets | 142,291 | ||
TOTAL NON-CURRENT ASSETS OF DISCONTINUED OPERATIONS (HELD FOR SALE) | 822,934 | ||
CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (HELD FOR SALE): | |||
Accounts payable and accrued liabilities | 2,504,735 | ||
Finance lease liabilities - current portion | 139,029 | ||
Note payable | 272,418 | ||
Taxes payable | 389,045 | ||
TOTAL CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (HELD FOR SALE) | 3,305,227 | ||
NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (HELD FOR SALE): | |||
Finance lease liabilities, net of current portion | 23,851 | ||
Mine reclamation obligation | 743,822 | ||
TOTAL NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (HELD FOR SALE) | $ 767,673 | ||
Precious Metals Income | 895,189 | ||
Cost of goods sold | 315,152 | 728,898 | |
Gross profit | (315,152) | 166,291 | |
General and administrative | 181,519 | 104,463 | |
Depreciation and amortization | 212 | 1,281 | |
OPERATING EXPENSES OF DISCONTINUED OPERATIONS | 181,731 | 105,744 | |
OPERATING INCOME (LOSS) OF DISCONTINUED OPERATIONS | (496,883) | 60,547 | |
Other income | (5,885) | ||
Interest expense | 698 | ||
OTHER (INCOME) EXPENSE OF DISCONTINUED OPERATIONS | 698 | (5,885) | |
INCOME (LOSS) BEFORE INCOME TAXES OF DISCONTINUED OPERATIONS | (497,581) | 66,432 | |
Provision for income taxes of discontinued operations | (27,382) | ||
NET INCOME (LOSS) OF DISCONTINUED OPERATIONS | (497,581) | 39,050 | |
Net income (loss) | (497,581) | 39,050 | |
Depreciation expense | 4,259 | 11,347 | |
Changes in operating assets and liabilities: | |||
Trade receivables | 91 | (5,792) | |
Inventories | (12,981) | 14,485 | |
Prepaid expenses and other current assets | (34,670) | (18,123) | |
Accounts payable and accrued liabilities | (294,243) | 112,005 | |
Accounts payable and accrued liabilities - related parties | 834,659 | 25,237 | |
Net cash provided by (used in) operating activities of discontinued operations | (466) | 178,209 | |
INVESTING ACTIVITIES OF DISCONTINUED OPERATIONS | |||
Purchase of property, plant and equipment | (652) | (3,983) | |
Net cash used in investing activities of discontinued operations | $ (652) | $ (3,983) |