Pershing Gold (PGLC) 10-Q 15 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	14-May-15
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Entity Registrant Name	Pershing Gold Corp.
Entity Central Index Key	1432196
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Trading Symbol	PGLC
Entity Common Stock, Shares Outstanding		390,730,098

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents	$5,512,402	$15,147,837
Restricted cash	2,250,000	2,250,000
Prepaid expenses and other current assets	660,084	798,633
Total Current Assets	8,422,486	18,196,470
NON - CURRENT ASSETS:
Property and equipment, net	6,185,008	6,398,221
Mineral rights	22,786,912	16,786,912
Reclamation bond deposit	25,000	25,000
Total Non - Current Assets	28,996,920	23,210,133
Total Assets	37,419,406	41,406,603
CURRENT LIABILITIES:
Accounts payable and accrued expenses	306,001	714,291
Note payable - current portion	24,880	24,423
Total Current Liabilities	330,881	738,714
LONG-TERM LIABILITIES:
Note payable - long term portion	10,925	17,319
Asset retirement obligation	769,762	798,605
Total Liabilities	1,111,568	1,554,638
Commitments and Contingencies
STOCKHOLDERS' EQUITY :
Common stock ($0.0001 Par Value; 800,000,000 Shares Authorized; 355,406,041 shares issued and outstanding as of March 31, 2015 and December 31, 2014)	35,541	35,541
Additional paid-in capital	158,497,285	157,985,176
Accumulated deficit	-122,224,989	-118,168,753
Total Stockholders' Equity	36,307,838	39,851,965
Total Liabilities and Stockholders' Equity	37,419,406	41,406,603
Convertible Series A Preferred Stock
STOCKHOLDERS' EQUITY :
Preferred stock, $0.0001 par value; 50,000,000 authorized	0	0
Convertible Series B Preferred Stock
STOCKHOLDERS' EQUITY :
Preferred stock, $0.0001 par value; 50,000,000 authorized	0	0
Convertible Series C Preferred Stock
STOCKHOLDERS' EQUITY :
Preferred stock, $0.0001 par value; 50,000,000 authorized	0	0
Convertible Series D Preferred Stock
STOCKHOLDERS' EQUITY :
Preferred stock, $0.0001 par value; 50,000,000 authorized	0	0
Convertible Series E Preferred Stock
STOCKHOLDERS' EQUITY :
Preferred stock, $0.0001 par value; 50,000,000 authorized	$1	$1

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Preferred Stock, Par or Stated Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Par or Stated Value Per Share	$0.00	$0.00
Common Stock, Shares Authorized	800,000,000	800,000,000
Common Stock, Shares, Issued	355,406,041	355,406,041
Common Stock, Shares, Outstanding	355,406,041	355,406,041
Convertible Series A Preferred Stock
Preferred Stock, Par or Stated Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	2,250,000	2,250,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Convertible Series B Preferred Stock
Preferred Stock, Par or Stated Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	8,000,000	8,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Convertible Series C Preferred Stock
Preferred Stock, Par or Stated Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	3,284,396	3,284,396
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Convertible Series D Preferred Stock
Preferred Stock, Par or Stated Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	7,500,000	7,500,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Convertible Series E Preferred Stock
Preferred Stock, Par or Stated Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	15,151	15,151
Preferred Stock, Shares Issued	9,425	9,425
Preferred Stock, Shares Outstanding	9,425	9,425

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net revenues	$0	$0
Operating expenses:
Compensation and related taxes	1,079,845	1,276,128
Exploration cost	1,441,596	534,726
Consulting fees	301,106	277,793
General and administrative expenses	1,233,382	1,023,010
Total operating expenses	4,055,929	3,111,657
Loss from operations	-4,055,929	-3,111,657
Other income (expenses):
Interest expense and other finance costs, net of interest income	-307	-1,166
Total other income (expenses) - net	-307	-1,166
Loss before provision for income taxes	-4,056,236	-3,112,823
Provision for income taxes	0	0
Net loss	($4,056,236)	($3,112,823)
Net loss per common share, basic and diluted	($0.01)	($0.01)
Weighted average common shares outstanding - Basic and Diluted	355,406,041	277,847,383

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	($4,056,236)	($3,112,823)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	283,479	243,023
Accretion	11,537	0
Stock-based compensation	512,109	854,173
Changes in operating assets and liabilities:
Other receivables	0	17,276
Prepaid expenses and other current assets	138,549	130,833
Accounts payable and accrued expenses	-408,290	-102,984
NET CASH USED IN OPERATING ACTIVITIES	-3,518,852	-1,970,502
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of mineral rights	-6,000,000	0
Asset retirement obligation settled	-18,737	0
Purchase of property and equipment	-91,909	-71,501
NET CASH USED IN INVESTING ACTIVITIES	-6,110,646	-71,501
CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of treasury stock	0	-181,421
Payments on notes payable	-5,937	-5,512
NET CASH USED IN FINANCING ACTIVITIES	-5,937	-186,933
NET DECREASE IN CASH AND CASH EQUIVALENTS	-9,635,435	-2,228,936
CASH AND CASH EQUIVALENTS- beginning of period	15,147,837	7,743,107
CASH AND CASH EQUIVALENTS- end of period	5,512,402	5,514,171
Cash paid for:
Interest	741	1,166
Income taxes	$0	$0

ORGANIZATION_AND_DESCRIPTION_O

ORGANIZATION AND DESCRIPTION OF BUSINESS	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 — ORGANIZATION AND DESCRIPTION OF BUSINESS
	Pershing Gold Corporation (the “Company”), formerly named Sagebrush Gold Ltd., was incorporated under the laws of the State of Nevada on August 2, 2007. The Company is a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada. The Company is currently focused on exploration of its Relief Canyon properties in Pershing County in northwestern Nevada. None of the Company’s properties contain proven and probable reserves, and all of the Company’s activities on all of its properties are exploratory in nature.
	On August 30, 2011, the Company, through its wholly-owned subsidiary, Gold Acquisition Corp. (“Gold Acquisition”), acquired the Relief Canyon Mine property (“Relief Canyon”) located in Pershing County, near Lovelock, Nevada, for an aggregate purchase price consisting of $12,000,000 cash and $8,000,000 in senior secured convertible promissory notes.
	A wholly-owned subsidiary, Pershing Royalty Company, a Delaware corporation, was formed on May 17, 2012 to hold royalty interests in two gold exploration properties.
	A wholly-owned subsidiary, EXCX Funding Corp., a Nevada corporation was formed in January 2011 and held a note payable - related party, which was exchanged for the Company’s Series E Convertible Preferred Stock (“Series E Preferred Stock”) and warrants in August 2013 and was cancelled. On April 6, 2014 EXCX Funding Corp. was liquidated and dissolved.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of presentation and principles of consolidation
	The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) and present the consolidated financial statements of the Company as of March 31, 2015. All intercompany transactions and balances have been eliminated. All adjustments (consisting of normal recurring items) necessary to present fairly the Company’s financial position as of March 31, 2015, and the results of operations and cash flows for the three months ended March 31, 2015 have been included. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results to be expected for the full year. The accounting policies and procedures employed in the preparation of these consolidated financial statements have been derived from the audited financial statements of the Company for the fiscal year ended December 31, 2014, which are contained in the Company’s Form 10-K as filed with the Securities and Exchange Commission (“SEC”) on March 5, 2015. The consolidated balance sheet as of December 31, 2014, contained herein, was derived from those financial statements.
	Use of estimates
	In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, the useful life of property and equipment, amounts and timing of closure obligations, the assumptions used to calculate fair value of options and warrants granted, beneficial conversion on convertible notes payable and preferred stock, capitalized mineral rights, asset valuations, and the fair value of common stock issued.
	Cash and cash equivalents
	The Company considers all highly liquid investments with a maturity of three months or less when acquired to be cash equivalents. The Company places its cash with high credit quality financial institutions. The Company’s accounts at these institutions are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At March 31, 2015, the Company had bank balances exceeding the FDIC insurance limit on interest bearing accounts. To reduce its risk associated with the failure of such financial institutions, the Company evaluates at least annually the rating of the financial institutions in which it holds deposits.
	Restricted cash
	Restricted cash consists of cash and investments which are held as collateral under a surface management surety bond issued on the Company’s behalf.
	Fair value of financial instruments
	The Company has adopted ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that requires the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures.
	ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.
	These inputs are prioritized below:
		Level 1:	Observable inputs such as quoted market prices in active markets for identical assets or liabilities
		Level 2:	Observable market-based inputs or unobservable inputs that are corroborated by market data
		Level 3:	Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.
	The Company analyzes all financial instruments with features of both liabilities and equity under the FASB’s accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
	The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, prepaid expenses, accounts payable and accrued expenses approximate their estimated fair market values based on the short-term maturity of these instruments. The carrying amount of the note payable at March 31, 2015 approximates its respective fair value based on the Company’s incremental borrowing rate.
	Prepaid expenses and other current assets
	Prepaid expenses and other current assets of $660,084 and $798,633 at March 31, 2015 and December 31, 2014, respectively, consist primarily of costs paid for future services which will occur within a year and deferred offering cost related to direct incremental costs of raising capital. Prepaid expenses principally include prepayments for consulting and business advisory services, insurance premiums, drilling services, and mineral lease fees which are being amortized over the terms of their respective agreements. The Company defers as other assets the direct incremental costs of raising capital until such time as the offering is completed. At the time of the completion of the offering, the costs are charged against the capital raised.
	Mineral property acquisition and exploration costs
	Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established. When a property reaches the production stage, the related capitalized costs are amortized using the units-of-production method over the estimated life of the proven and probable reserves. If in the future the Company has capitalized mineral properties, these properties will be periodically assessed for impairment.
	To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all exploration costs are being expensed. During the three months ended March 31, 2015 and 2014, the Company incurred exploration cost of approximately $1.4 million and $0.5 million, respectively.
	ASC 930-805, “Extractive Activities-Mining: Business Combinations” (“ASC 930-805”), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.
	ASC 930-805-30-1 and 30-2 provides that in fair valuing mineral assets, an acquirer should take into account both:
	⋅          The value beyond proven and probable reserves (“VBPP”) to the extent that a market participant would include VBPP in determining the fair value of the assets.
	⋅          The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.
	Property and equipment
	Property and equipment are carried at cost. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets, generally one to twenty five years.
	Impairment of long-lived assets
	The Company accounts for the impairment or disposal of long-lived assets according to the ASC 360, “Property, Plant and Equipment”. The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of long-lived assets, including mineral rights, may not be recoverable. Long-lived assets in the exploration stage are monitored for impairment based on factors such as the Company’s continued right to explore the area, exploration reports, assays, technical reports, drill results and the Company’s continued plans to fund exploration programs on the property, and whether sufficient work has been performed to indicate that the carrying amount of the mineral property cost carried forward as an asset will not be fully recovered. The tests for long-lived assets in the exploration stage are monitored for impairment based on factors such as current market value of the long-lived assets and results of exploration, future asset utilization, business climate, mineral prices and future undiscounted cash flows expected to result from the use of the related assets.
	Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated future net undiscounted cash flows expected to be generated by the asset. When necessary, impaired assets are written down to estimated fair value based on the best information available. Estimated fair value is generally based on either appraised value or measured by discounting estimated future cash flows. Considerable management judgment is necessary to estimate discounted future cash flows. Accordingly, actual results could vary significantly from such estimates. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The Company did not record any impairment of its long-lived assets at March 31, 2015 and December 31, 2014, respectively.
	Asset Retirement Obligations
	Asset retirement obligations (“ARO”), consisting primarily of estimated mine reclamation and closure costs at the Company’s Relief Canyon property, are recognized in the period incurred and when a reasonable estimate can be made, and recorded as liabilities at fair value. Such obligations, which are initially estimated based on discounted cash flow estimates, are accreted to full value over time through charges to accretion expense. Corresponding asset retirement costs are capitalized as part of the carrying amount of the related long-lived asset and depreciated over the asset’s remaining useful life. Asset retirement obligations are periodically adjusted to reflect changes in the estimated present value resulting from revisions to the estimated timing or amount of reclamation and closure costs. The Company reviews and evaluates its asset retirement obligations annually or more frequently at interim periods if deemed necessary.
	Income taxes
	The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”) which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.
	The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Positions. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.
	Tax positions that meet the more likely than not recognition threshold are measured at the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefit associated with tax positions taken that exceed the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination.
	The Company believes its tax positions are all more likely than not to be upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.
	The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open.  The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they are filed.
	Stock-based compensation
	Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation — Stock Compensation”, which requires recognition in the consolidated financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). The ASC also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.
	Pursuant to ASC Topic 505-50, “Equity Based Payments to Non-employees”, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the vesting period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.
	Related party transaction
	Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions.
	Recent accounting pronouncements
	In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements—Going Concern.” The provisions of ASU No. 2014-15 require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this ASU are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. The Company is currently assessing the impact of this ASU on the Company’s consolidated financial statements.
	In November 2014, FASB issued ASU 2014-17, “Business Combinations: Pushdown Accounting”. This ASU amended the Business Combination Accounting Standards Codification to provide guidance on whether and at what threshold an acquired entity that is a business or nonprofit activity can apply pushdown accounting in its separate financial statements. The Company’s adoption of FASB ASU No. 2013-17 effective November 14, 2014 did not have an impact on the Company’s consolidated results of operations, financial position and related disclosures.
	Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

MINERAL_PROPERTIES

MINERAL PROPERTIES	3 Months Ended
	Mar. 31, 2015
Mineral Industries Disclosures [Abstract]
MINERAL PROPERTIES	NOTE 3 — MINERAL PROPERTIES
	The Company’s Relief Canyon property rights currently total approximately 25,000 acres and are comprised of approximately 948 owned unpatented mining claims, 120 owned millsite claims, 172 leased unpatented mining claims, and 2,235 acres of leased and 2,770 acres of subleased private lands. Most of the property on which the Relief Canyon deposit is located is subject to a 2% net smelter return production royalty, with a portion of that property subject to net smelter return production royalties totaling 4.5%. The rest of the property is subject, under varying circumstances, to net smelter return production royalties ranging from 2% to 5%.
	Pershing Pass Property
	The Pershing Pass property consists of over 700 unpatented mining claims covering approximately 12,000 acres and a mining lease of private lands covering approximately 600 acres.  Out of the total unpatented mining claims, 17 unpatented mining claims are subject to a 2% net smelter return royalty and 19 unpatented mining claims are leased with a purchase option.
	The primary term of the unpatented mining claim lease referenced above is ten years, which may be extended as long as mineral exploration, development or mining continue on the property. Production from the lease is subject to a 1% net smelter return royalty on precious metals and a 0.5% net smelter royalty on all other metals produced from the leased property. Prior to production, and starting in September 2016, the Company is required to pay a $10,000 per year advance minimum royalty payment until September 2023. The annual advance minimum royalty increases to $12,500 in September 2023, to $15,000 in September 2028 and to $20,000 in September 2033.  The Company has the right to buy the leased claims at any time for $250,000.
	The primary term of the private lands lease referenced above is ten years, which may be extended as long as mineral development work continues on the property. Production from the lease is subject to a 2% net smelter return royalty on all metals produced other than gold, and to a royalty on gold indexed to the gold price, ranging from 2% at gold prices of less than $500 per ounce to 3.5% at gold prices over $1,500 per ounce. Prior to one year after commercial production, the Company can repurchase up to 3% of the royalty on gold production at the rate of $600,000 for each 1%.
	Newmont Properties
	On April 5, 2012, the Company purchased from Victoria Gold Corp. and Victoria Resources (US) Inc. their interest in approximately 13,300 acres of mining claims and private lands adjacent to the Company’s original landholdings at the Relief Canyon Mine in Pershing County, Nevada.
	Approximately 8,900 acres of the lands that the Company acquired from Victoria Gold Corporation were a leasehold interest comprised of unpatented mining claims and private lands subject to a 2006 Mineral Lease and Sublease with Newmont USA Ltd. (“Newmont”), which the Company refers to as the Newmont Leased property. At that time, the Newmont Leased property consisted of 155 unpatented lode mining claims owned by Newmont comprising approximately 2,800 acres, approximately 4,900 acres of privately-owned fee minerals leased by Newmont from the owners, and 62 unpatented mining claims that were owned by Victoria within the Newmont Leased property and area of interest.
	On January 14, 2015, the Company entered into an Asset Purchase Agreement with Newmont pursuant to which the Company acquired for $6.0 million 74 unpatented mining claims totaling approximately 1,300 acres that the Company had previously leased from Newmont, entered into a new mining lease directly with New Nevada Resources, LLC and New Nevada Lands, LLC for approximately 1,600 acres of fee, or private, land that the Company had previously subleased from Newmont.
	New Mining Lease with New Nevada Resources and New Nevada Lands, Replacing Portion of Newmont Sublease
	As part of the January 2015 transactions completed pursuant to the Asset Purchase Agreement, a subsidiary of the Company entered into a Mining Lease (the “2015 Mining Lease”) with New Nevada Resources, LLC and New Nevada Lands, LLC (the “Owners”), covering certain fee lands (the “Leased Properties”) included in the Company’s Relief Canyon properties. The 2015 Mining Lease has a term of twenty years and for as long thereafter as any mining, development or processing operations are being conducted on a continuous basis. The 2015 Mining Lease contains customary terms and conditions, including an advance royalty and a 2.5% net smelter returns production royalty on the Leased Properties payable to the Owners.
	Newmont Leased Property
	As part of the Asset Purchase Agreement transactions, Newmont and the Company entered into an amendment of the 2006 Minerals Lease and Sublease (the “Third Amendment”), pursuant to which the Company agreed to a $2.6 million work commitment on the properties remaining subject to the 2006 Minerals Lease and Sublease to be expended by the seventh anniversary of the effective date of the Third Amendment. As of mid-December 2014, the Company can credit approximately $2.4 million in exploration expenditures already incurred against the $2.6 million work commitment.
	Also as part of the transactions completed pursuant to the Asset Purchase Agreement, Newmont and the Owners entered into a new Mining Lease (the “2015 Newmont Lease”) covering about 2,770 acres of private lands included in the Company’s Relief Canyon properties (the “Subleased Properties”) and subleased by the Company from Newmont pursuant to the 2006 Minerals Lease and Sublease. The 2015 Newmont Lease has a term of twenty years and for as long thereafter as any mining, development or processing operations are being conducted or a continuous basis. The 2015 Newmont Lease contains customary terms and conditions, including an advance royalty and a 2.5% net smelter returns production royalty on the Subleased Properties payable to the Owners. The Company continues to hold rights to the Subleased Properties pursuant to its 2006 Minerals Lease and Sublease with Newmont.
	General
	The Company has posted a statewide surface management surety bond with the United States Department of the Interior Bureau of Land Management (“BLM”) as required by the State of Nevada in an amount of approximately $5.6 million, which is approximately $340,000 in excess of the coverage requirement as of March 31, 2015, to reclaim land disturbed in its exploration and mining operations. The surface management surety bond is provided through a third-party insurance underwriter. When the bond was issued in November 2013, the Company was required to place $2,250,000, or 45% of the original $5.0 million bond, in a collateral account. No further collateral has been required for subsequent increases in the bond amount. The funds deposited in the collateral account are classified as restricted cash on the Company’s balance sheet.
	As of March 31, 2015, based on management’s review of the carrying value of mineral rights, management determined that there is no evidence that the cost of these acquired mineral rights will not be fully recovered and accordingly, the Company has determined that no adjustment to the carrying value of mineral rights was required.
	As of the date of these consolidated financial statements, the Company has not established any proven or probable reserves on its mineral properties and has incurred only acquisition and exploration costs.
	Mineral properties consisted of the following:
		March 31, 2015 (Unaudited)		December 31,
				2014
	Relief Canyon Mine — Gold Acquisition	$	8,501,071	$	8,501,071
	Relief Canyon Mine — Newmont Properties		13,709,441		7,709,441
	Pershing Pass Property		576,400		576,400
		$	22,786,912	$	16,786,912

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 4 – PROPERTY AND EQUIPMENT
	Property and equipment consisted of the following:
		Estimated Life	March 31,		December 31,
			2015 (Unaudited)		2014
	Furniture and fixtures	5 years	$	56,995	$	56,995
	Office and computer equipment	1 - 5 years		402,835		402,835
	Land	—		358,886		266,977
	Building and improvements	5 - 25 years		815,036		817,187
	Site costs	10 years		1,403,762		1,407,465
	Crushing system	20 years		2,489,298		2,495,865
	Process plant and equipment	10 years		3,495,742		3,504,964
	Vehicles and mining equipment	5 - 10 years		699,025		699,025
				9,721,579		9,651,313
	Less: accumulated depreciation			-3,536,571		-3,253,092
			$	6,185,008	$	6,398,221
	For the three months ended March 31, 2015 and 2014, depreciation expense amounted to $283,479 and $243,023, respectively.

NOTES_PAYABLE

NOTES PAYABLE	3 Months Ended
	Mar. 31, 2015
Notes Payable [Abstract]
NOTES PAYABLE	NOTE 5 — NOTES PAYABLE
	In August 2012, the Company issued a note payable in the amount of $92,145 in connection with the acquisition of mining equipment. The note payable bears interest at approximately 7% per annum and is secured by a lien on the mining equipment. The note is payable in 48 equal monthly payments of $2,226 beginning in September 2012.
	Notes payable — short and long term portion consisted of the following:
		March 31, 2015		December 31, 2014
		(Unaudited)
	Total notes payable	$	35,805	$	41,742
	Less: current portion		-24,880		-24,423
	Long term portion	$	10,925	$	17,319

ASSET_RETIREMENT_OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS	3 Months Ended
	Mar. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]
ASSET RETIREMENT OBLIGATIONS	NOTE 6 – ASSET RETIREMENT OBLIGATIONS
	In conjunction with the permit approval permitting the Company to resume mining in the existing open pits at the Relief Canyon Mine during the third quarter of 2014, the Company has recorded an asset retirement obligation based upon the reclamation plan submitted in connection with the permit.
	The following table summarizes activity in the Company’s ARO:
		March 31, 2015
	Balance, beginning of period	$	798,605
	Accretion expense		11,537
	Reclamation expenditures		-18,737
	Additions and changes in estimates		-21,643
	Balance, end of period	$	769,762

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	NOTE 7 — STOCKHOLDERS’ EQUITY
	Effective December 2014, the Company amended its Articles of Incorporation to increase the total amount of authorized capital stock from 550,000,000 shares to 850,000,000 shares consisting of 800,000,000 shares of Common Stock, par value $0.0001 per share and 50,000,000 shares of Preferred Stock, par value $0.0001 per share.
	Preferred Stock
	The Company is authorized within the limitations and restrictions stated in the Amended and Restated Articles of Incorporation to provide by resolution or resolutions for the issuance of 50,000,000 shares of Preferred Stock, par value $0.0001 per share in such series and with such designations, preferences and relative, participating, optional or other special rights and qualifications, limitations or restrictions as the Company’s Board of Directors establish.
	Series A Convertible Preferred Stock
	As of March 31, 2015, 2,250,000 shares of Series A Preferred Stock, $0.0001 par value, were authorized with none outstanding.
	Series B Convertible Preferred Stock
	As of March 31, 2015, 8,000,000 shares of Series B Preferred Stock, $0.0001 par value, were authorized with none outstanding.
	Series C Convertible Preferred Stock
	As of March 31, 2015, 3,284,396 shares of Series C Preferred Stock, $0.0001 par value, were authorized with none outstanding.
	9% Series D Cumulative Preferred Stock
	As of March 31, 2015, 7,500,000 shares of Series D Preferred Stock, $0.0001 par value, were authorized with none outstanding.
	Convertible Series E Preferred Stock
	As of March 31, 2015, 15,151 shares of Series E Preferred Stock, $0.0001 par value, were authorized with 9,425 Series E shares outstanding.
	Common Stock Options
	A summary of the Company’s outstanding stock options as of March 31, 2015 and changes during the period then ended are presented below:
		Number of	Weighted		Weighted
		Options	Average		Average
			Exercise		Remaining
			Price		Contractual
					Life
					(Years)
	Balance at December 31, 2014	32,600,000	$	0.4	7.18
	Granted	—		—	—
	Exercised	—		—	—
	Forfeited	—		—	—
	Cancelled	—		—	—
	Balance at March 31, 2015	32,600,000		0.4	6.93
	Options exercisable at end of period	32,600,000	$	0.4
	Options expected to vest	—
	Weighted average fair value of options granted during the period		$	—
	At March 31, 2015 there was approximately $293,000 intrinsic value for the stock options outstanding in the above table.
	Common Stock Warrants
	A summary of the Company’s outstanding stock warrants as of March 31, 2015 and changes during the period then ended are presented below:
		Number of	Weighted		Weighted
		Warrants	Average		Average
			Exercise		Remaining
			Price		Contractual
					Life
					(Years)
	Balance at December 31, 2014	38,054,543	$	0.43	1.83
	Granted	150,000		0.3	4
	Cancelled	—		—	—
	Forfeited	—		—	—
	Exercised	—		—	—
	Balance at March 31, 2015	38,204,543	$	0.43	1.59
	Warrants exercisable at March 31, 2015	38,204,543	$	0.43	1.59
	Weighted average fair value of warrants granted during the period		$	0.16
	On January 28, 2015, the Company issued four-year warrants to purchase 150,000 shares of common stock to a consultant. The warrants vested on March 1, 2015 and are exercisable at $0.30 per share. The 150,000 warrants were valued on the grant date at approximately $0.16 per warrant or a total of approximately $24,300 using a Black-Scholes option pricing model with the following assumptions: stock price of $0.30 per share (based on the quoted trading price on the date of grant), volatility of 72%, expected term of 4 years, and a risk free interest rate of 1.25%.
	Treasury Stock
	The Company accounts for treasury stock under the cost method. Between February 2014 and March 2014, the Company reacquired 492,513 shares of its common stock from certain employees of the Company. The reacquisition by the Company of its common stock is the result of certain employees electing to surrender shares in order to satisfy their minimum applicable withholding obligation due to the vesting of restricted stock awards. The Company recorded a charge $181,421 in connection with the 2014 stock surrenders. In July 2014, 400,000 unvested restricted stock awards were returned to treasury stock as a result of an employee termination. The value of the treasury stock was reflected separately as a deduction from stockholders’ equity. In December 2014, all treasury stock was cancelled and as a result at March 31, 2015, there was no stock held in treasury.

NET_LOSS_PER_COMMON_SHARE

NET LOSS PER COMMON SHARE	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
NET LOSS PER COMMON SHARE	NOTE 8 — NET LOSS PER COMMON SHARE
	Net loss per common share is calculated in accordance with ASC Topic 260, “Earnings Per Share”. Basic loss per share is computed by dividing net loss available to common stockholder, adjusted for preferred dividends, by the weighted average number of shares of common stock outstanding during the period. The computation of diluted net loss per share does not include anti-dilutive common stock equivalents in the weighted average shares outstanding. The following table sets forth the computation of basic and diluted loss per share:
		For the Three		For the Three
		Months		Months
		ended		ended
		March 31,		March 31,
		2015		2014
	Numerator:
	Net loss	$	-4,056,236	$	-3,112,823
	Denominator:
	Denominator for basic and diluted loss per share (weighted-average shares)		355,406,041		277,847,383
	Net loss per common share, basic and diluted	$	-0.01	$	-0.01
	The following were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s net loss. In periods where the Company has a net loss, all dilutive securities are excluded.
		March 31, 2015		March 31, 2014
	Common stock equivalents:
	Stock options		32,600,000		32,900,000
	Stock warrants		38,204,543		26,244,621
	Convertible preferred stock		33,324,114		28,968,000
	Total		104,128,657		88,112,621

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 9 — COMMITMENTS AND CONTINGENCIES
	Operating Lease
	The Company leases its corporate facility, and certain office equipment, in Lakewood, Colorado under operating leases with expiration dates through 2018. Rent expense was $11,651 and $11,352 for the three months ended March 31, 2015 and 2014, respectively.
	Future minimum rental payments required under operating leases are as follows:
	2015	$	39,501
	2016		81,345
	2017		83,343
	2018		45,455
		$	249,644
	In April 2015, the Company executed a new operating lease agreement for its corporate facility in Lakewood, Colorado. The new lease is for a period of 39 months commencing in May 2015 and expiring in July 2018.
	Mining Leases
	As more fully discussed in Note 3 — Mineral Properties, the Company leases certain mineral properties included in its Pershing Pass Property. The future minimum lease payments under these mining leases are as follows:
	2015	$	10,000
	2016		20,000
	2017		25,000
	2018		25,000
	2019		25,000
	Thereafter		92,500
		$	197,500

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10 — SUBSEQUENT EVENTS
	Private Placement
	In April 2015 the Company raised approximately $11.5 million in gross proceeds through the sale of 35,324,057 Units priced at $0.325 per Unit, with each Unit comprised of one share (the “Unit Shares”) of the Company’s Common Stock and a 24 month warrant (the “Warrant”) to purchase 0.4 of a share of Common Stock (the “Warrant Shares”) at an exercise price of $0.44. Net proceeds totaled approximately $10.7 million after commissions. A total of 35,324,057 shares of Common Stock and warrants to acquire 14,129,578 shares of Common Stock were issued in the private placement, with 30 month warrants to acquire an additional 2,163,326 shares of Common Stock at an exercise price of $0.325 were issued to broker-dealers acting on behalf of the Company in the placement.
	In connection with the private placement, the Company and the investors entered into registration rights agreements which require the Company to file a registration statement under the Securities Act of 1933, as amended, to register the resale of the Common Stock issued as part of the Units and the Common Stock issuable upon the exercise of the Warrants. The Registration Rights Agreement also contains piggyback registration rights requiring the Company to include the investors’ shares of Common Stock under certain circumstances in future registration statements that may be filed by the Company.
	The forms of Warrant and Registration Rights Agreement are filed as exhibits to this Quarterly Report on Form 10-Q.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of presentation and principles of consolidation	Basis of presentation and principles of consolidation
	The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) and present the consolidated financial statements of the Company as of March 31, 2015. All intercompany transactions and balances have been eliminated. All adjustments (consisting of normal recurring items) necessary to present fairly the Company’s financial position as of March 31, 2015, and the results of operations and cash flows for the three months ended March 31, 2015 have been included. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results to be expected for the full year. The accounting policies and procedures employed in the preparation of these consolidated financial statements have been derived from the audited financial statements of the Company for the fiscal year ended December 31, 2014, which are contained in the Company’s Form 10-K as filed with the Securities and Exchange Commission (“SEC”) on March 5, 2015. The consolidated balance sheet as of December 31, 2014, contained herein, was derived from those financial statements.
Use of estimates	Use of estimates
	In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, the useful life of property and equipment, amounts and timing of closure obligations, the assumptions used to calculate fair value of options and warrants granted, beneficial conversion on convertible notes payable and preferred stock, capitalized mineral rights, asset valuations, and the fair value of common stock issued.
Cash and cash equivalents	Cash and cash equivalents
	The Company considers all highly liquid investments with a maturity of three months or less when acquired to be cash equivalents. The Company places its cash with high credit quality financial institutions. The Company’s accounts at these institutions are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At March 31, 2015, the Company had bank balances exceeding the FDIC insurance limit on interest bearing accounts. To reduce its risk associated with the failure of such financial institutions, the Company evaluates at least annually the rating of the financial institutions in which it holds deposits.
Restricted cash	Restricted cash
	Restricted cash consists of cash and investments which are held as collateral under a surface management surety bond issued on the Company’s behalf.
Fair value of financial instruments	Fair value of financial instruments
	The Company has adopted ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that requires the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures.
	ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.
	These inputs are prioritized below:
		Level 1:	Observable inputs such as quoted market prices in active markets for identical assets or liabilities
		Level 2:	Observable market-based inputs or unobservable inputs that are corroborated by market data
		Level 3:	Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.
	The Company analyzes all financial instruments with features of both liabilities and equity under the FASB’s accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
	The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, prepaid expenses, accounts payable and accrued expenses approximate their estimated fair market values based on the short-term maturity of these instruments. The carrying amount of the note payable at March 31, 2015 approximates its respective fair value based on the Company’s incremental borrowing rate.
Prepaid expenses	Prepaid expenses and other current assets
	Prepaid expenses and other current assets of $660,084 and $798,633 at March 31, 2015 and December 31, 2014, respectively, consist primarily of costs paid for future services which will occur within a year and deferred offering cost related to direct incremental costs of raising capital. Prepaid expenses principally include prepayments for consulting and business advisory services, insurance premiums, drilling services, and mineral lease fees which are being amortized over the terms of their respective agreements. The Company defers as other assets the direct incremental costs of raising capital until such time as the offering is completed. At the time of the completion of the offering, the costs are charged against the capital raised.
Mineral property acquisition and exploration costs	Mineral property acquisition and exploration costs
	Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established. When a property reaches the production stage, the related capitalized costs are amortized using the units-of-production method over the estimated life of the proven and probable reserves. If in the future the Company has capitalized mineral properties, these properties will be periodically assessed for impairment.
	To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all exploration costs are being expensed. During the three months ended March 31, 2015 and 2014, the Company incurred exploration cost of approximately $1.4 million and $0.5 million, respectively.
	ASC 930-805, “Extractive Activities-Mining: Business Combinations” (“ASC 930-805”), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.
	ASC 930-805-30-1 and 30-2 provides that in fair valuing mineral assets, an acquirer should take into account both:
	⋅          The value beyond proven and probable reserves (“VBPP”) to the extent that a market participant would include VBPP in determining the fair value of the assets.
	⋅          The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.
Property and equipment	Property and equipment
	Property and equipment are carried at cost. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets, generally one to twenty five years.
Impairment of long-lived assets	Impairment of long-lived assets
	The Company accounts for the impairment or disposal of long-lived assets according to the ASC 360, “Property, Plant and Equipment”. The Company continually monitors events and changes in circumstances that could indicate that the carrying amounts of long-lived assets, including mineral rights, may not be recoverable. Long-lived assets in the exploration stage are monitored for impairment based on factors such as the Company’s continued right to explore the area, exploration reports, assays, technical reports, drill results and the Company’s continued plans to fund exploration programs on the property, and whether sufficient work has been performed to indicate that the carrying amount of the mineral property cost carried forward as an asset will not be fully recovered. The tests for long-lived assets in the exploration stage are monitored for impairment based on factors such as current market value of the long-lived assets and results of exploration, future asset utilization, business climate, mineral prices and future undiscounted cash flows expected to result from the use of the related assets.
	Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated future net undiscounted cash flows expected to be generated by the asset. When necessary, impaired assets are written down to estimated fair value based on the best information available. Estimated fair value is generally based on either appraised value or measured by discounting estimated future cash flows. Considerable management judgment is necessary to estimate discounted future cash flows. Accordingly, actual results could vary significantly from such estimates. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The Company did not record any impairment of its long-lived assets at March 31, 2015 and December 31, 2014, respectively.
Asset Retirement Obligations	Asset Retirement Obligations
	Asset retirement obligations (“ARO”), consisting primarily of estimated mine reclamation and closure costs at the Company’s Relief Canyon property, are recognized in the period incurred and when a reasonable estimate can be made, and recorded as liabilities at fair value. Such obligations, which are initially estimated based on discounted cash flow estimates, are accreted to full value over time through charges to accretion expense. Corresponding asset retirement costs are capitalized as part of the carrying amount of the related long-lived asset and depreciated over the asset’s remaining useful life. Asset retirement obligations are periodically adjusted to reflect changes in the estimated present value resulting from revisions to the estimated timing or amount of reclamation and closure costs. The Company reviews and evaluates its asset retirement obligations annually or more frequently at interim periods if deemed necessary.
Income taxes	Income taxes
	The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”) which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.
	The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Positions. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.
	Tax positions that meet the more likely than not recognition threshold are measured at the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefit associated with tax positions taken that exceed the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination.
	The Company believes its tax positions are all more likely than not to be upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.
	The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open.  The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they are filed.
Stock-based compensation	Stock-based compensation
	Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation — Stock Compensation”, which requires recognition in the consolidated financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). The ASC also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.
	Pursuant to ASC Topic 505-50, “Equity Based Payments to Non-employees”, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the vesting period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.
Related party transaction	Related party transaction
	Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions.
Recent accounting pronouncements	Recent accounting pronouncements
	In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements—Going Concern.” The provisions of ASU No. 2014-15 require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this ASU are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. The Company is currently assessing the impact of this ASU on the Company’s consolidated financial statements.
	In November 2014, FASB issued ASU 2014-17, “Business Combinations: Pushdown Accounting”. This ASU amended the Business Combination Accounting Standards Codification to provide guidance on whether and at what threshold an acquired entity that is a business or nonprofit activity can apply pushdown accounting in its separate financial statements. The Company’s adoption of FASB ASU No. 2013-17 effective November 14, 2014 did not have an impact on the Company’s consolidated results of operations, financial position and related disclosures.
	Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

MINERAL_PROPERTIES_Tables

MINERAL PROPERTIES (Tables)	3 Months Ended
	Mar. 31, 2015
Mineral Industries Disclosures [Abstract]
Mineral Property	Mineral properties consisted of the following:
		March 31, 2015 (Unaudited)		December 31,
				2014
	Relief Canyon Mine — Gold Acquisition	$	8,501,071	$	8,501,071
	Relief Canyon Mine — Newmont Properties		13,709,441		7,709,441
	Pershing Pass Property		576,400		576,400
		$	22,786,912	$	16,786,912

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property and equipment consisted of the following:
		Estimated Life	March 31,		December 31,
			2015 (Unaudited)		2014
	Furniture and fixtures	5 years	$	56,995	$	56,995
	Office and computer equipment	1 - 5 years		402,835		402,835
	Land	—		358,886		266,977
	Building and improvements	5 - 25 years		815,036		817,187
	Site costs	10 years		1,403,762		1,407,465
	Crushing system	20 years		2,489,298		2,495,865
	Process plant and equipment	10 years		3,495,742		3,504,964
	Vehicles and mining equipment	5 - 10 years		699,025		699,025
				9,721,579		9,651,313
	Less: accumulated depreciation			-3,536,571		-3,253,092
			$	6,185,008	$	6,398,221

NOTES_PAYABLE_Tables

NOTES PAYABLE (Tables)	3 Months Ended
	Mar. 31, 2015
Notes Payable [Abstract]
Schedule of Notes Payable	Notes payable — short and long term portion consisted of the following:
		March 31, 2015		December 31, 2014
		(Unaudited)
	Total notes payable	$	35,805	$	41,742
	Less: current portion		-24,880		-24,423
	Long term portion	$	10,925	$	17,319

ASSET_RETIREMENT_OBLIGATIONS_T

ASSET RETIREMENT OBLIGATIONS (Tables)	3 Months Ended
	Mar. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Asset Retirement Obligations	The following table summarizes activity in the Company’s ARO:
		March 31, 2015
	Balance, beginning of period	$	798,605
	Accretion expense		11,537
	Reclamation expenditures		-18,737
	Additions and changes in estimates		-21,643
	Balance, end of period	$	769,762

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Summary of the outstanding stock options	A summary of the Company’s outstanding stock options as of March 31, 2015 and changes during the period then ended are presented below:
		Number of	Weighted		Weighted
		Options	Average		Average
			Exercise		Remaining
			Price		Contractual
					Life
					(Years)
	Balance at December 31, 2014	32,600,000	$	0.4	7.18
	Granted	—		—	—
	Exercised	—		—	—
	Forfeited	—		—	—
	Cancelled	—		—	—
	Balance at March 31, 2015	32,600,000		0.4	6.93
	Options exercisable at end of period	32,600,000	$	0.4
	Options expected to vest	—
	Weighted average fair value of options granted during the period		$	—
Summary of the outstanding stock warrants	A summary of the Company’s outstanding stock warrants as of March 31, 2015 and changes during the period then ended are presented below:
		Number of	Weighted		Weighted
		Warrants	Average		Average
			Exercise		Remaining
			Price		Contractual
					Life
					(Years)
	Balance at December 31, 2014	38,054,543	$	0.43	1.83
	Granted	150,000		0.3	4
	Cancelled	—		—	—
	Forfeited	—		—	—
	Exercised	—		—	—
	Balance at March 31, 2015	38,204,543	$	0.43	1.59
	Warrants exercisable at March 31, 2015	38,204,543	$	0.43	1.59
	Weighted average fair value of warrants granted during the period		$	0.16

NET_LOSS_PER_COMMON_SHARE_Tabl

NET LOSS PER COMMON SHARE (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of Computation of Earnings Per Share	The following table sets forth the computation of basic and diluted loss per share:
		For the Three		For the Three
		Months		Months
		ended		ended
		March 31,		March 31,
		2015		2014
	Numerator:
	Net loss	$	-4,056,236	$	-3,112,823
	Denominator:
	Denominator for basic and diluted loss per share (weighted-average shares)		355,406,041		277,847,383
	Net loss per common share, basic and diluted	$	-0.01	$	-0.01
Schedule of antidilutive securities excluded from computation diluted shares outstanding	The following were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s net loss. In periods where the Company has a net loss, all dilutive securities are excluded.
		March 31, 2015		March 31, 2014
	Common stock equivalents:
	Stock options		32,600,000		32,900,000
	Stock warrants		38,204,543		26,244,621
	Convertible preferred stock		33,324,114		28,968,000
	Total		104,128,657		88,112,621

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum rental payments required under the lease	Future minimum rental payments required under operating leases are as follows:
	2015	$	39,501
	2016		81,345
	2017		83,343
	2018		45,455
		$	249,644
Schedule of future minimum lease payments under mining leases	The future minimum lease payments under these mining leases are as follows:
	2015	$	10,000
	2016		20,000
	2017		25,000
	2018		25,000
	2019		25,000
	Thereafter		92,500
		$	197,500

ORGANIZATION_AND_DESCRIPTION_O1

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Textual) (USD $)	1 Months Ended
	Aug. 30, 2011	Mar. 31, 2015	17-May-12
		item
Number Of Entity Properties Contain Proven And Probable Reserves		0
Pershing Royalty Company
Number Of Gold Exploration Properties			2
Acquisition
Payments to Acquire Mining Assets	$12,000,000
Noncash or Part Noncash Acquisition, Debt Assumed	$8,000,000

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Prepaid expenses	$660,084		$798,633
Exploration cost	1,441,596	534,726
Federal Deposit Insurance Corporation Premium Expense	$250,000
Maximum [Member] | Property, Plant and Equipment [Member]
Estimated useful life	25 years
Minimum [Member] | Property, Plant and Equipment [Member]
Estimated useful life	1 year

MINERAL_PROPERTIES_Details

MINERAL PROPERTIES (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Mineral properties
Total Mineral Properties	$22,786,912	$16,786,912
Relief Canyon Mine - Gold Acquisition
Mineral properties
Total Mineral Properties	8,501,071	8,501,071
Relief Canyon Mine - Newmont Properties
Mineral properties
Total Mineral Properties	13,709,441	7,709,441
Pershing Pass Property
Mineral properties
Total Mineral Properties	$576,400	$576,400

MINERAL_PROPERTIES_Details_Tex

MINERAL PROPERTIES (Details Textual) (USD $)	0 Months Ended	3 Months Ended	0 Months Ended
	Jan. 14, 2015	Mar. 31, 2015	Dec. 15, 2014	Dec. 31, 2014	Nov. 30, 2013	Apr. 05, 2012
		lb				mine
		acre
		mine
Mineral properties
Royalty percentage on precious metals		1.00%
Restricted cash		$2,250,000		$2,250,000	$2,250,000
Payments to Acquire Businesses, Gross	6,000,000
Relief Canyon [Member]
Mineral properties
Unpatented millsites owned	74
Net smelter return royalty percentage		2.00%
Unpatented mining claims owned		948
Acres of Property		25,000
Minesite Claim Owned		120
Unpatented Mining Claims Leased		172
Area of Land for Leased		2,235
Area of Land for Subleased		2,770
Royalty Return Percentage		2.00%
Royalty Return Percentage Total		4.50%
Third party
Mineral properties
Amount of the bonds written					5,000,000
Restricted cash required to be maintained as a percentage of the value of the bonds					45.00%
Newmont USA Ltd
Mineral properties
Acres of Property	1,300
BLM
Mineral properties
Statewide bond		5,600,000
Excess amount of the current coverage requirement to reclaim land disturbed in exploration and mining operations		340,000
Maximum | Relief Canyon [Member]
Mineral properties
Net smelter return royalty percentage		5.00%
Royalty Return Percentage		5.00%
Minimum | Relief Canyon [Member]
Mineral properties
Net smelter return royalty percentage		2.00%
Royalty Return Percentage		2.00%
Relief Canyon Mine - Newmont Properties
Mineral properties
Unpatented lode mining claims owned						62
Relief Canyon Mine - Newmont Properties | Victoria Gold
Mineral properties
Area of properties held under leases and subleases						8,900
Relief Canyon Mine - Newmont Properties | Victoria Gold | Relief Canyon [Member]
Mineral properties
Acres of Property						13,300
Relief Canyon Mine - Newmont Properties | Newmont USA Ltd
Mineral properties
Unpatented lode mining claims owned						155
Acres of privately-owned fee minerals leased (in acres)						4,900
Relief Canyon Mine - Newmont Properties | Newmont USA Ltd | Relief Canyon [Member]
Mineral properties
Acres of Property						2,800
Pershing Pass Property
Mineral properties
Unpatented millsites owned		17
Net smelter return royalty percentage		2.00%
Unpatented mining claims owned		700
Acres of Property		12,000
Area of properties held under leases and subleases		600
Royalty percentage on all metals produced other than gold		2.00%
Royalty percentage on gold if gold prices are less than $500 per ounce		2.00%
Gold price (per ounce)		500
Royalty percentage on gold if gold prices are over $1,500 per ounce		3.50%
Gold price (per ounce)		1,500
Royalty percentage on gold production that the entity can repurchase		3.00%
Rate at which the entity can repurchase royalty percentage of gold		600,000
Each royalty percentage that the company can repurchase at specified rate		1.00%
Royalty Return Percentage		2.00%
Pershing Pass Property | Other Metal
Mineral properties
Royalty percentage on precious metals		0.50%
Pershing Pass Property | Wolf Pack Gold (Nevada) Corp
Mineral properties
Unpatented mining claims owned		19
Purchase price for acquisition of unpatented mining claims		250,000
Pershing Pass Property | Minimum | Wolf Pack Gold (Nevada) Corp | Starting September 2016 till September 2023
Mineral properties
Advance royalty required to pay per year		10,000
Pershing Pass Property | Minimum | Wolf Pack Gold (Nevada) Corp | Starting September 2023 till September 2028
Mineral properties
Advance royalty required to pay per year		12,500
Pershing Pass Property | Minimum | Wolf Pack Gold (Nevada) Corp | Starting September 2028 till September 2033
Mineral properties
Advance royalty required to pay per year		15,000
Pershing Pass Property | Minimum | Wolf Pack Gold (Nevada) Corp | September 2033
Mineral properties
Advance royalty required to pay per year		20,000
2015 Newmont Lease [Member]
Mineral properties
Percentage of Royalty To Smelter Returns	2.50%
Minerals Lease and Sublease work commitment Amount			2,600,000
Minerals Lease and Sublease exploration expenditures			$2,400,000

PROPERTY_AND_EQUIPMENT_Details

PROPERTY AND EQUIPMENT (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	$9,721,579	$9,651,313
Less: accumulated depreciation	-3,536,571	-3,253,092
Total property and equipment, net	6,185,008	6,398,221
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	56,995	56,995
Estimated Life	5 years
Office and computer equipment
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	402,835	402,835
Office and computer equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated Life	5 years
Office and computer equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated Life	1 year
Land
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	358,886	266,977
Estimated Life	0 years
Building and improvements
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	815,036	817,187
Building and improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated Life	25 years
Building and improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated Life	5 years
Site costs
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	1,403,762	1,407,465
Estimated Life	10 years
Crushing system
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	2,489,298	2,495,865
Estimated Life	20 years
Process plant and equipment
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	3,495,742	3,504,964
Estimated Life	10 years
Vehicles and mining equipment
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	$699,025	$699,025
Vehicles and mining equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated Life	10 years
Vehicles and mining equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated Life	5 years

PROPERTY_AND_EQUIPMENT_Details1

PROPERTY AND EQUIPMENT (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Property, Plant and Equipment [Line Items]
Depreciation	$283,479	$243,023

NOTES_PAYABLE_Details

NOTES PAYABLE (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Schedule Of Short Term And Long Term Portion [Line Items]
Total notes payable	$35,805	$41,742
Less: current portion	24,880	24,423
Long term portion	$10,925	$17,319

NOTES_PAYABLE_Details_Textual

NOTES PAYABLE (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Aug. 31, 2012
Debt Instrument [Line Items]
Notes payable	$35,805	$41,742
Note Payable
Debt Instrument [Line Items]
Number of equal monthly payments of the debt	48
Notes payable			92,145
Interest rate (as a percent)	7.00%
Frequency of payments of the debt	monthly
Monthly payments of the debt	$2,226

ASSET_RETIREMENT_OBLIGATIONS_D

ASSET RETIREMENT OBLIGATIONS (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Balance, beginning of period	$798,605
Accretion expense	11,537
Reclamation expenditures	-18,737
Additions and changes in estimates	-21,643
Balance, end of period	$769,762

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Number of Options
Beginning Balance	32,600,000
Granted	0
Exercised	0
Forfeited	0
Cancelled	0
Ending Balance	32,600,000	32,600,000
Options exercisable at end of period	32,600,000
Options expected to vest	0
Weighted Average Exercise Price
Beginning Balance	$0.40
Granted	$0
Exercised	$0
Forfeited	$0
Cancelled	$0
Ending Balance	$0.40	$0.40
Options exercisable at end of period	$0.40
Weighted average fair value of options granted during the period	$0
Weighted Average Remaining Contractual Life (Years)
Balance	6 years 11 months 5 days	7 years 2 months 5 days
Granted	0 years
Exercised	0 years
Forfeited	0 years
Cancelled	0 years

STOCKHOLDERS_EQUITY_Details_1

STOCKHOLDERS' EQUITY (Details 1) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Number of Warrants
Beginning Balance	38,054,543
Granted	150,000
Cancelled	0
Forfeited	0
Exercised	0
Ending Balance	38,204,543	38,054,543
Warrants exercisable at March 31, 2015	38,204,543
Weighted Average Exercise Price
Beginning Balance	$0.43
Granted	$0.30
Cancelled	$0
Forfeited	$0
Exercised	$0
Ending Balance	$0.43	$0.43
Warrants exercisable at March 31, 2015	$0.43
Weighted average fair value of warrants granted during the period	$0.16
Weighted Average Remaining Contractual Life (Years)
Balance	1 year 7 months 2 days	1 year 9 months 29 days
Granted	4 years
Cancelled	0 years
Forfeited	0 years
Exercised	0 years
Warrants exercisable at March 31, 2015	1 year 7 months 2 days

STOCKHOLDERS_EQUITY_Details_Te

STOCKHOLDERS' EQUITY (Details Textual) (USD $)	1 Months Ended		2 Months Ended
	Jan. 28, 2015	Jul. 31, 2014	Mar. 31, 2014	Mar. 31, 2015	Dec. 31, 2014	Nov. 30, 2014
Class of Stock [Line Items]
Stock authorized, shares				50,000,000	50,000,000
Par value of preferred stock authorized (in dollars per share)				$0.00	$0.00
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value				$293,000
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Options Granted In Period Total Fair Value	24,300
Share Price	$0.30
Share-based Goods and Nonemployee Services Transaction, Valuation Method, Expected Volatility Rate	72.00%
Share-based Goods and Nonemployee Services Transaction, Valuation Method, Expected Term	4 years
Share-based Goods and Nonemployee Services Transaction, Valuation Method, Risk Free Interest Rate	1.25%
Common And Preferred Stock Shares Authorized				850,000,000		550,000,000
Common Stock, Shares Authorized				800,000,000	800,000,000
Common Stock, Par or Stated Value Per Share				$0.00	$0.00
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$0.16
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	150,000
Preferred Stock [Member]
Class of Stock [Line Items]
Stock authorized, shares				50,000,000
Par value of preferred stock authorized (in dollars per share)				$0.00
Treasury Stock
Class of Stock [Line Items]
Common stock reacquired (in shares)			492,513
Unvested Restricted Stock Awards		400,000
2014 Stock Surrender | Treasury Stock
Class of Stock [Line Items]
Stock Surrender Value			181,421
Consultant
Class of Stock [Line Items]
Warrants To Purchase Common Stock Shares	150,000
Warrant To Purchase Common Stock | Consultant
Class of Stock [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$0.30
Convertible Series A Preferred Stock
Class of Stock [Line Items]
Stock authorized, shares				2,250,000	2,250,000
Par value of preferred stock authorized (in dollars per share)				$0.00	$0.00
Preferred stock, Outstanding (in shares)				0	0
Convertible Series B Preferred Stock
Class of Stock [Line Items]
Stock authorized, shares				8,000,000	8,000,000
Par value of preferred stock authorized (in dollars per share)				$0.00	$0.00
Preferred stock, Outstanding (in shares)				0	0
Convertible Series C Preferred Stock
Class of Stock [Line Items]
Stock authorized, shares				3,284,396	3,284,396
Par value of preferred stock authorized (in dollars per share)				$0.00	$0.00
Preferred stock, Outstanding (in shares)				0	0
Convertible Series D Preferred Stock
Class of Stock [Line Items]
Stock authorized, shares				7,500,000	7,500,000
Par value of preferred stock authorized (in dollars per share)				$0.00	$0.00
Preferred stock, Outstanding (in shares)				0	0
Series E Preferred Stock
Class of Stock [Line Items]
Stock authorized, shares				15,151	15,151
Par value of preferred stock authorized (in dollars per share)				$0.00	$0.00
Preferred stock, Outstanding (in shares)				9,425	9,425
9% Series D Cumulative Preferred Stock
Class of Stock [Line Items]
Stock authorized, shares				7,500,000
Par value of preferred stock authorized (in dollars per share)				$0.00
Preferred stock, Outstanding (in shares)				0

NET_LOSS_PER_COMMON_SHARE_Deta

NET LOSS PER COMMON SHARE (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Numerator:
Net loss	($4,056,236)	($3,112,823)
Denominator:
Denominator for basic and diluted loss per share (weighted-average shares)	355,406,041	277,847,383
Net loss per common share, basic and diluted	($0.01)	($0.01)

NET_LOSS_PER_COMMON_SHARE_Deta1

NET LOSS PER COMMON SHARE (Details 1)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock equivalents	104,128,657	88,112,621
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock equivalents	32,600,000	32,900,000
Stock warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock equivalents	38,204,543	26,244,621
Convertible preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock equivalents	33,324,114	28,968,000

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Mar. 31, 2015
Other Commitments [Line Items]
2015	$39,501
2016	81,345
2017	83,343
2018	45,455
Total	$249,644

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details 1) (USD $)	Mar. 31, 2015
COMMITMENTS AND CONTINGENCIES [Line Items]
2015	$10,000
2016	20,000
2017	25,000
2018	25,000
2019	25,000
Thereafter	92,500
Total	$197,500

COMMITMENTS_AND_CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Details Textual) (USD $)	3 Months Ended		1 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Apr. 30, 2015
Other Commitments [Line Items]
Operating Leases, Rent Expense, Net	$11,651	$11,352
Subsequent Event
Other Commitments [Line Items]
Lease Expiring Period			39 months

SUBSEQUENT_EVENTS_Details_Texu

SUBSEQUENT EVENTS (Details Texual) (Subsequent Event, USD $)	1 Months Ended
In Millions, except Share data, unless otherwise specified	Apr. 30, 2015
Private Placement [Member]
Subsequent Event [Line Items]
Common Stock Units Sold	35,324,057
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right	35,324,057
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	14,129,578
Proceeds From Sale Of Units Gross	$11.50
Class Of Warrant Or Right Term Of Warrants Or Rights	24 months
Number Of Common Stock Per Unit	0.325
Proceeds from Issuance or Sale of Equity	$10.70
Broker [Member] | Private Placement [Member]
Subsequent Event [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	2,163,326
Class Of Warrant Or Right Term Of Warrants Or Rights	30 months
Class of Warrant or Right, Exercise Price of Warrants or Rights	$0.33
Common Stock | Private Placement [Member]
Subsequent Event [Line Items]
Number Of Common Stock Per Unit	0.4
Common Stock | Private Placement Agent
Subsequent Event [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	0.44