Global Gold (GBGD) 10-Q 28 Sep 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Sep. 23, 2016
Document Information [Line Items]
Entity Registrant Name	GLOBAL GOLD CORP
Entity Central Index Key	319,671
Trading Symbol	gbgd
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		91,977,559
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash	$ 25,857	$ 12,494
Inventories	617,876	615,499
Tax refunds receivable	92,582	92,582
Receivable from sale, net of impairment of $16,868,570
Other current assets	20,912	19,476
TOTAL CURRENT ASSETS	757,227	740,051
DEPOSITS ON CONTRACTS AND EQUIPMENT	430,260	452,827
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of $2,972,547 and $2,878,063, respectively	1,389,408	1,431,234
TOTAL ASSETS	2,576,895	2,624,112
CURRENT LIABILITIES:
Accounts payable and accrued expenses	6,605,238	6,221,753
Wages payable	2,540,465	2,336,862
Employee loans	105,533	133,899
Advance from customer	87,020	87,020
Current portion of mine owners debt facilities	4,104,577	4,104,577
Convertible note payable	1,500,000	1,500,000
Advances payable Consolidated Resources - related party	394,244	394,244
Current portion of note payable to Directors	3,032,814	2,702,127
TOTAL CURRENT LIABILITIES	18,369,891	17,480,482
Commitments and contingencies
GLOBAL GOLD CORPORATION STOCKHOLDERS' DEFICIT:
Common stock $0.001 par value, 100,000,000 shares authorized; 91,977,559 and 90,130,475 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	91,978	90,130
Additional paid-in-capital	45,001,953	44,973,013
Accumulated deficit	(58,209,848)	(57,518,359)
Accumulated other comprehensive income	1,459,096	1,427,405
TOTAL GLOBAL GOLD CORPORATION STOCKHOLDERS' DEFICIT	(11,656,821)	(11,027,811)
NONCONTROLLING INTEREST	(4,136,175)	(3,828,559)
TOTAL DEFICIT	(15,792,996)	(14,856,370)
TOTAL LIABILITIES AND DEFICIT	$ 2,576,895	$ 2,624,112

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Receivable impairment	$ 16,868,570	$ 16,868,570
Property, plant and equipment, accumulated depreciation	$ 2,972,547	$ 2,878,063
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	91,977,559	90,130,475
Common stock, shares outstanding (in shares)	91,977,559	90,130,475

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
OPERATING EXPENSES:
General and administrative	$ 402,976	$ 409,861	$ 664,138	$ 845,645
Mining and exploration costs		84,475		84,475
Amortization and depreciation	27,081	106,944	53,700	214,326
TOTAL OPERATING EXPENSES	430,057	601,280	717,838	1,144,446
Operating Loss	(430,057)	(601,280)	(717,838)	(1,144,446)
OTHER EXPENSES:
Interest expense	156,569	128,896	311,716	249,397
Total Other Expenses	156,569	128,896	311,716	249,397
Net Loss	(586,626)	(730,176)	(1,029,554)	(1,393,843)
Less: Net loss applicable to noncontrolling interest	(171,777)	(305,799)	(338,065)	(581,928)
Net loss applicable to Global Gold Corporation Common Shareholders	(414,849)	(424,377)	(691,489)	(811,915)
Foreign currency translation adjustment	124,497	260,265	62,141	(30,174)
Comprehensive Net Loss	(290,352)	(164,112)	(629,348)	(842,089)
Less: Comprehensive net loss (gain) applicable to noncontrolling interest	(61,004)	(125,530)	(30,449)	14,785
Comprehensive Net Loss applicable to Global Gold Corporation Common Shareholders	$ (351,356)	$ (289,642)	$ (659,797)	$ (827,304)
NET LOSS PER SHARE APPLICABLE TO GLOBAL GOLD CORPORATION COMMON SHAREHOLDERS - BASIC AND DILUTED (in dollars per share)	$ 0	$ 0	$ (0.01)	$ (0.01)
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC AND DILUTED (in shares)	90,971,162	89,315,283	90,779,999	88,603,085

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
OPERATING ACTIVITIES:
Net loss	$ (1,029,554)	$ (1,393,843)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of unearned compensation	4,062	52,688
Amortization expense		149,158
Depreciation expense	53,700	65,168
Stock based compensation	26,725	5,600
Expenses incurred by mine owners debt facility		158,127
Expenses incurred by notes payable to Directors	5,687
Changes in operating assets and liabilities:
Other current and non current assets	18,754	(37,098)
Accounts payable and accrued expenses	47,195	403,175
Accrued interest	307,924	242,007
Wages payable	203,603	288,891
NET CASH FLOWS USED IN OPERATING ACTIVITIES	(361,904)	(66,127)
FINANCING ACTIVITIES:
Repayment of secured line of credit		(128,019)
Proceeds from mine owners debt facilities		211,600
Proceeds from note payable to Directors	325,000	256,000
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	325,000	339,581
EFFECT OF EXCHANGE RATE ON CASH	50,267	(274,618)
NET INCREASE (DECREASE) IN CASH	13,363	(1,164)
CASH AND CASH EQUIVALENTS - beginning of period	12,494	10,781
CASH AND CASH EQUIVALENTS - end of period	25,857	9,617
SUPPLEMENTAL CASH FLOW INFORMATION
Income taxes paid
Interest paid		3,772
Noncash Investing and Financing Transactions:
Purchase of equipment through mine owners debt facility		$ 289,874

Note 1 - Organization and Busin

Note 1 - Organization and Business	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1. ORGANIZATION, DESCRIPTION OF BUSINESS, AND BASIS FOR PRESENTATION BASIS OF ACCOUNTING: The accompanying condensed consolidated financial statements are unaudited. In the opinion of management, all necessary adjustments (which include only normal recurring adjustments) have been made to present fairly the financial position, results of operations and cash flows for the periods presented. Certain information and footnote disclosure normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. However, the Company believes that the disclosures are adequate to make the information presented not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the December 31, 2015 annual report on Form 10-K. The results of operations for the three and six months period ended June 30, 2016 are not necessarily indicative of the operating results to be expected for the full year ended December 31, 2016. The Company operates in a single segment of activity, namely the acquisition of certain mineral property, mining rights, and their subsequent development. GOING CONCERN MATTERS: The accompanying unaudited condensed consolidated financial statements were prepared on a going concern basis, which contemplated the realization of assets and satisfaction of liabilities in the normal course of business. During the six months ended June 30, 2016 and 2105, the Company has incurred net losses of $1,029,554 and $1,393,843, respectively. The Company has working capital deficit (current liabilities exceed current assets) of approximately $17,613,000 and stock holders’ deficit of approximately $11,656,800 as of June 30, 2016. Management pursued additional investors and lending institutions interested in financing the Company's projects. However, there is no assurance that the Company will obtain the financing that it requires or will achieve profitable operations. The Company expected to incur additional losses for the near term until such time as it would derive substantial revenues from the Armenian mining interests acquired by it or other future projects. These matters raised substantial doubt about the Company's ability to continue as a going concern. The accompanying unaudited condensed consolidated financial statements were prepared on a going concern basis, which contemplated the realization of assets and satisfaction of liabilities in the normal course of business. The accompanying unaudited condensed consolidated financial statements at June 30, 2016 and 2015 and for the periods then ended did not include any adjustments that might be necessary should the Company be unable to continue as a going concern. ORGANIZATION: The Company is engaged in exploration for, as well as development and mining of, gold, silver, and other minerals in Armenia, Canada and Chile. Until March 31, 2011, the Company's headquarters were located in Greenwich, Connecticut and as of April 1, 2011 the Company’s headquarters are in Rye, NY. Its subsidiaries and staff maintain offices in Yerevan, Armenia, and Santiago, Chile. The Company was incorporated as Triad Energy Corporation in the State of Delaware on February 21, 1980 and conducted other business prior to January 1, 1995. During 1995, the Company changed its name from Triad Energy Corporation to Global Gold Corporation to pursue certain gold and copper mining rights in the former Soviet Republics of Armenia and Georgia. The Company has not established proven and probable reserves in accordance with SEC Industry Guide 7 at any of its properties. The Company's stock is publicly traded. The Company employs approximately 20 people globally on a year round basis. In the past, the Company has employed up to an additional 200 people on a seasonal basis, but the Company’s engagement of a mine contractor to run mining operations has reduced the number of employees directly employed by the Company on a seasonal basis. In Armenia, the Company’s focus is on the exploration, development and production of gold at the Toukhmanuk property in the North Central Armenian Belt and the Marjan and an expanded Marjan North property. In addition, the Company is exploring and developing other sites in Armenia, including the Getik property. In Chile, the Company is engaged in identifying gold exploration and production opportunities and the Company’s Vice President maintains an office in Santiago. In Canada, the Company had engaged in uranium exploration activities in the provinces of Newfoundland and Labrador, but has phased out this activity, retaining a royalty interest in the Cochrane Pond property in Newfoundland. The Company also assesses exploration and production opportunities in other countries. The subsidiaries of the Company are as follows: On August 18, 2003, the Company formed Global Gold Armenia LLC ("GGA"), as a wholly owned subsidiary, which in turn formed Global Gold Mining, LLC ("GGM"), as a wholly owned subsidiary, both in the State of Delaware. GGM was qualified to do business as a branch operation in Armenia and owns assets, royalty and participation interests, as well as shares of operating companies in Armenia. On December 21, 2003, GGM acquired 100% of the Armenian limited liability company SHA, LLC (renamed Global Gold Hankavan, LLC ("GGH") as of July 21, 2006), which held the license to the Hankavan and Marjan properties in Armenia. On December 18, 2009, the Company entered into an agreement with Caldera Resources Inc. (“Caldera”) outlining the terms of a joint venture on the Company’s Marjan property in Armenia (“Marjan JV”). On March 12, 2010, GGH transferred the rights, title and interest for the Marjan property to Marjan Mining Company LLC, a limited liability company incorporated under the laws of the Republic of Armenia (“Marjan RA”) which is a wholly owned subsidiary of GGM. On October 7, 2010, the Company terminated the Marjan JV. The Armenian Court of Cassation in a final, non-appealable decision, issued and effective February 8, 2012, ruled that the registration and assumption of control by Caldera through unilateral charter changes of the Marjan Mine and Marjan RA were illegal and that 100% ownership rests fully with GGM. On March 29, 2012, Justice Herman Cahn, who was appointed by United States District Court Judge Hellerstein as the sole arbitrator in an American Arbitration Association arbitration between the Company and Caldera, ruled in the Company’s favor on the issue of the JV’s termination ordering that the Marjan property be 100% owned by the Company effective April 29, 2012. Judge Karas of the United States Federal District Court confirmed Judge Cahn’s decision. On November 10, 2014, a Final Award in the Company’s favor ruled that Caldera had no interest whatsoever in Marjan RA or the Marjan Property. See Legal Proceedings for more information on the Marjan JV. On August 1, 2005, GGM acquired 51% of the Armenian limited liability company Mego-Gold, LLC ("Mego"), which is the licensee for the Toukhmanuk mining property and seven surrounding exploration sites. On August 2, 2006, GGM acquired the remaining 49% interest of Mego-Gold, LLC, leaving GGM as the owner of 100% of Mego-Gold, LLC. See Agreements for more information on Mego-Gold, LLC. On January 31, 2006, GGM closed a transaction to acquire 80% of the Armenian company, Athelea Investments, CJSC (renamed "Getik Mining Company, LLC") and its approximately 27 square kilometer Getik gold/uranium exploration license area in the northeast Geghargunik province of Armenia. As of May 30, 2007, GGM acquired the remaining 20% interest in Getik Mining Company, LLC, leaving GGM as the owner of 100% of Getik Mining Company, LLC. See Agreements for more information on Getik Mining Company, LLC. On January 5, 2007, the Company formed Global Gold Uranium, LLC ("Global Gold Uranium"), as a wholly owned subsidiary, in the State of Delaware, to operate the Company's uranium exploration activities in Canada. On September 23, 2011, Global Gold Consolidated Resources Limited (“GGCRL”) was incorporated in Jersey as a 51% subsidiary of the Company pursuant to the April 27, 2011 Joint Venture Agreement with Consolidated Resources. See Agreements Section for more information on Consolidated Resources agreements. On November 8, 2011, GGCR Mining, LLC (“GGCR Mining”) was formed in Delaware as a 100%, wholly owned, subsidiary of GGCRL. On September 26, 2012, the Company conditionally transferred 100% of the shares of Mego and Getik Mining Company, LLC to GGCR Mining. Consolidated Resources failed to meet the conditions of the transfer.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Cash and Cash Equivalents - Cash and cash equivalents consist of all cash balances and highly liquid investments with a remaining maturity of three months or less when purchased and are carried at fair value. Use of Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates are assumptions about useful life of property and equipment, inventory valuation, stock based compensation and deferred income tax asset valuation allowances. Fair Value of Financial Instruments - The Company adopted FASB ASC 820-Fair Value Measurements and Disclosures, 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 require 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 did not have any Level 2 or Level 3 assets or liabilities as of June 30, 2016 and December 31, 2015. The Company discloses the estimated fair values for all financial instruments for which it is practicable to estimate fair value. As of June 30, 2016 and December 31, 2015, the fair value short-term financial instruments including cash, receivables, and accounts payable and accrued expenses, approximates book value due to their short-term duration. Cash and cash equivalents include money market securities and commercial paper that are considered to be highly liquid and easily tradable. These securities are valued using inputs observable in active markets for identical securities and are therefore classified as Level 1 within the fair value hierarchy. In addition, the Financial Accounting Standards Board (“FASB”) issued, “The Fair Value Option for Financial Assets and Financial Liabilities,” effective for January 1, 2008. This guidance expands opportunities to use fair value measurements in financial reporting and permits entities to choose to measure many financial instruments and certain other items at fair value. The Company did not elect the fair value option for any of its qualifying financial instruments. Inventories - Inventories consists of the following at June 30, 2016 and December 31, 2015: June 30, December 31, 2016 2015 Ore $ 451,569 $ 451,569 Concentrate 11,342 11,342 Materials, supplies and other 154,965 152,588 Total Inventories $ 617,876 $ 615,499 Ore inventory consists of unprocessed ore at the Toukhmanuk mining site in Armenia. The concentrate and unprocessed ore are stated at the lower of cost or market. The Company is currently reporting its inventory at cost which is still less than the current market value so recent fluctuations in gold prices have no effect on our carrying value of inventory. The Ore inventory is pledged as collateral for the mine owner’s debt facility and secured line of credit. Deposits on Contracts and Equipment - The Company made several deposits for purchases, the majority of which is for the potential acquisition of new properties, and the remainder for the purchase of mining equipment. The Company carried Deposits on contracts and equipment as of June 30, 2016 and December 31, 2015 was $430,260, and $452,827, respectively. Tax Refunds Receivable - The Company is subject to Value Added Tax ("VAT tax") on all expenditures in Armenia at the rate of 20%. The Company is entitled to a credit against this tax towards any sales on which it collects VAT tax. The Company is carrying a tax refund receivable based on the value of its in-process inventory which it intends on selling in the next twelve months, at which time they will collect 20% VAT tax from the purchaser which the Company will be entitled to keep and apply against its credit. Net Loss Per Share - Basic net loss per share is based on the weighted average number of common shares outstanding. Potential common shares includable in the computation of fully diluted per share results are not presented in the consolidated financial statements as their effect would be anti-dilutive. There were no options that were exercisable at June 30, 2016 and as of June 30, 2015 the total number of options that were exercisable was 2,954,167. There were no warrants outstanding at June 30, 2016 and 2015. Stock Based Compensation - The Company periodically issues shares of common stock for services rendered or for financing costs. Such shares are valued based on the market price on the transaction date. The Company periodically issues stock options and warrants to employees and non-employees in non-capital raising transactions for services and for financing costs. The Company accounts for the grant of stock and warrants awards in accordance with ASC Topic 718, Compensation – Stock Compensation (ASC 718). ASC 718 requires companies to recognize in the statement of operations the grant-date fair value of warrants and stock options and other equity based compensation. The Black-Scholes option valuation model was developed for use in estimating the fair value of traded options that have no vesting restrictions and are fully transferable. In addition, option valuation models require the input of highly subjective assumptions including the expected stock price volatility. For the six months ended June 30, 2016 and 2015, net loss and loss per share include the actual deduction for stock-based compensation expense. The total stock-based compensation expense for the six months ended June 30, 2016 and 2015 was $30,787 and $58,288, respectively and for the three months ended June 30, 2016 and 2015 was $28,756 and $31,944, respectively. The expense for stock-based compensation is a non-cash expense item. Comprehensive Income - The Company has adopted ASC Topic 220, “Comprehensive Income.” Comprehensive income is comprised of net income (loss) and all changes to stockholders' equity (deficit), except those related to investments by stockholders, changes in paid-in capital and distribution to owners. The following table summarizes the computations reconciling net loss applicable to Global Gold Corporation Common Shareholders to comprehensive loss for the six months ended June 30, 2016 and 2015. Six Months Ending June 30, 2016 2015 Net loss applicable to Global Gold Corporation Shareholders $ (691,489 ) $ (811,915 ) Foreign currency translation adjustment $ 31,692 $ (15,389 ) Comprehensive loss $ (659,797 ) $ (827,304 ) Income Taxes - Income taxes are accounted for in accordance with the provisions of FASB ASC 740, Accounting for Income Taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized. Acquisition, Exploration and Development Costs - Mineral property acquisition costs are capitalized. Additionally, mine development costs incurred either to develop new ore deposits and constructing new facilities are capitalized until operations commence. All such capitalized costs are amortized using a straight-line basis on a range from 1-10 years, based on the minimum original license term at acquisition, but do not exceed the useful life of the capitalized costs. Upon commercial development of an ore body, the applicable capitalized costs would then be amortized using the units-of-production method. Exploration costs, costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. Costs of abandoned projects are charged to operations upon abandonment. The Company evaluates, at least quarterly, the carrying value of capitalized mining costs and related property, plant and equipment costs, if any, to determine if these costs are in excess of their net realizable value and if a permanent impairment needs to be recorded. The periodic evaluation of carrying value of capitalized costs and any related property, plant and equipment costs are based upon expected cash flows and/or estimated salvage value in accordance with ASC Topic 360, "Accounting for the Impairment or Disposal of Long-Lived Assets." Foreign Currency Translation - The Company’s reporting currency is the U.S. Dollar. All transactions initiated in foreign currencies are translated into U.S. dollars in accordance with ASC Topic 830 “Foreign Currency Matters” and the related rate fluctuation on transactions is included the unaudited condensed consolidated statements of operations. The functional currency of the Company's Armenian subsidiaries is the local currency. For foreign operations with the local currency as the functional currency, assets and liabilities are translated from the local currencies into U.S. dollars at the exchange rate prevailing at the balance sheet date and equity is translated at historical rates. Revenues and expenses are translated at the average exchange rate for the period to approximate translation at the exchange rate prevailing at the dates those elements are recognized in the unaudited condensed consolidated financial statements. Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in determining comprehensive loss. As of June 30, 2016 and 2015, the exchange rate for the Armenian Dram (AMD) was 476 AMD and 473 AMD for $1.00 U.S. Principles of Consolidation - Our unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, and include the accounts of the Company and more-than-50%-owned subsidiaries that it controls. Inter-company balances and transactions have been eliminated in consolidation. Depreciation, Depletion and Amortization - Capitalized costs are depreciated or depleted using the straight-line method over the shorter of estimated productive lives of such facilities or the useful life of the individual assets. Productive lives range from 1 to 20 years, but do not exceed the useful life of the individual asset. Determination of expected useful lives for amortization calculations are made on a property-by-property or asset-by-asset basis at least annually. Impairment of Long-Lived Assets - Management reviews and evaluates the net carrying value of all facilities, including idle facilities, for impairment at least annually, or upon the occurrence of other events or changes in circumstances that indicate that the related carrying amounts may not be recoverable. We estimate the net realizable value of each property based on the estimated undiscounted future cash flows that will be generated from operations at each property, the estimated salvage value of the surface plant and equipment and the value associated with property interests. All assets at an operating segment are evaluated together for purposes of estimating future cash flows. Licenses - Licenses are capitalized at cost and are amortized on a straight-line basis on a range from 1 to 10 years, but do not exceed the useful life of the individual license. The Company did not have any amortization expense during the three and six months ended June 30, 2016. During the three and six months ended June 30, 2015, amortization expense totaled $74,579 and $149,158, respectively. Reclamation and Remediation Costs (Asset Retirement Obligations) - Costs of future expenditures for environmental remediation are not discounted to their present value unless subject to a contractually obligated fixed payment schedule. Such costs are based on management's current estimate of amounts to be incurred when the remediation work is performed within current laws and regulations. The Company has paid towards it environmental costs and has no amounts owed as of June 30, 2016 and December 31, 2015. It is possible that, due to uncertainties associated with defining the nature and extent of environmental contamination and the application of laws and regulations by regulatory authorities and changes in reclamation or remediation technology, the ultimate cost of reclamation and remediation could change in the future. Noncontrolling Interests - Noncontrolling interests in our subsidiaries are recorded in accordance with the provisions of ASC 810, “Consolidation” and are reported as a component of equity, separate from the parent company’s equity. Purchase or sale of equity interests that do not result in a change of control are accounted for as equity transactions. Results of operations attributable to the non-controlling interests are included in our consolidated results of operations and, upon loss of control, the interest sold, as well as interest retained, if any, will be reported at fair value with any gain or loss recognized in earnings. Revenue Recognition - Sales will be recognized and revenues will be recorded when title transfers and the rights and obligations of ownership pass to the customer. The majority of the company's metal concentrates will be sold under pricing arrangements where final prices will be determined by quoted market prices in a period subsequent to the date of sale. In these circumstances, revenues will be recorded at the times of sale based on forward prices for the expected date of the final settlement. New Accounting Standards: In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, which provides further guidance on identifying performance obligations and improves the operability and understandability of licensing implementation guidance. The effective date for ASU 2016-10 is the same as the effective date of ASU 2014-09 as amended by ASU 2015-14, for annual reporting periods beginning after December 15, 2017, including interim periods within those years. The Company has not yet determined the impact of ASU 2016-10 on its unaudited condensed consolidated financial statements. In May 2016, the FASB issued ASU No. 2016-12, “ Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients” In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation, or ASU No. 2016-09. The areas for simplification in this Update involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. For public entities, the amendments in this Update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted in any interim or annual period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. Amendments related to the timing of when excess tax benefits are recognized, minimum statutory withholding requirements, forfeitures, and intrinsic value should be applied using a modified retrospective transition method by means of a cumulative-effect adjustment to equity as of the beginning of the period in which the guidance is adopted. Amendments related to the presentation of employee taxes paid on the statement of cash flows when an employer withholds shares to meet the minimum statutory withholding requirement should be applied retrospectively. Amendments requiring recognition of excess tax benefits and tax deficiencies in the income statement and the practical expedient for estimating expected term should be applied prospectively. An entity may elect to apply the amendments related to the presentation of excess tax benefits on the statement of cash flows using either a prospective transition method or a retrospective transition method. We are currently evaluating the impact of adopting ASU No. 2016-09 on our unaudited condensed consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Topic 842 affects any entity that enters into a lease, with some specified scope exemptions. The guidance in this Update supersedes Topic 840, Leases. The core principle of Topic 842 is that a lessee should recognize the assets and liabilities that arise from leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For public companies, the amendments in this Update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. We are currently evaluating the impact of adopting ASU No. 2016-02 on our unaudited condensed consolidated financial statements. In January 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (ASU) 2016-01, which amends the guidance in U.S. GAAP on the classification and measurement of financial instruments. Changes to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the ASU clarifies guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The new standard is effective for fiscal years and interim periods beginning after December 15, 2017, and upon adoption, an entity should apply the amendments by means of a cumulative-effect adjustment to the balance sheet at the beginning of the first reporting period in which the guidance is effective. Early adoption is not permitted except for the provision to record fair value changes for financial liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income. Adoption of this new standard is not expected to have a material impact on the Company’s unaudited condensed consolidated financial statements. Management does not believe that any other recently issued, but not yet effective, accounting standards could have a material effect on the accompanying unaudited condensed consolidated financial statements. As new accounting pronouncements are issued, the Company will adopt those that are applicable under the circumstances. A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies. Due to the tentative and preliminary nature of those proposed standards, management has not determined whether implementation of such proposed standards would be material to our unaudited condensed consolidated financial statements.

Note 3 - Property, Plant and Eq

Note 3 - Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	3. PROPERTY, PLANT AND EQUIPMENT The following table illustrates the capitalized cost less accumulated depreciation arriving at the net carrying value on our books at June 30, 2016 and December 31, 2015. June 30, 2016 December 31, 2015 Plant $ 569,420 $ 569,420 Construction in process 972,985 972,985 Machinery and equipment 2,518,841 2,466,183 Computer 116,071 116,071 Office equipment 20,739 20,739 Vehicles 163,899 163,899 Total $ 4,361,955 $ 4,309,297 Less accumulated depreciation (2,972,547 ) (2,878,063 ) $ 1,389,408 $ 1,431,234 The Company had depreciation expense for the six months ended June 30, 2016 and 2015 of $53,700 and $65,168, respectively. The Company had depreciation expense for the three months ended June 30, 2016 and 2015 of $27,081 and $32,365, respectively. The Company has requested but not received substantiation from Linne Mining for advances and amounts drawn down on the Mine Operator's Debt Facility. Equipment and assets for which title has transferred to the Company, and have been received by the Company are recorded as the Company's property, plant and equipment. Construction in process includes the Company's assets which are not yet completed and place in service, such as the new plant at the Toukhmanuk property in Armenia (Pictures of construction progress are available on the Company’s website).

Note 4 - Receivable from Sale

Note 4 - Receivable from Sale	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Financing Receivables [Text Block]	4. RECEIVABLE FROM SALE On June 26, 2014, the International Centre for Dispute Resolution delivered a Final Award in the matter of Global Gold Corporation vs. Amarant Mining LTD and Alluvia Mining, Ltd. awarding Global Gold $16,800,000 USD plus $68,570USD in interest, costs, and fees, with post-award interest on unpaid amounts accruing at 9%. This award emanates from Global Gold’s 2011 sale of Chilean gold mining assets and the buyers’ repeated failures to pay and misrepresentations as described in prior filings and summarized below. In addition, the Tribunal’s June 26, 2014 Award provided the following injunctive relief: “ Per my previous orders in this matter, each of Amarant and Alluvia, including its officers and agents individually (including without limitation Johan Ulander), is continued to be enjoined, directly and indirectly, from alienating any assets, from transferring or consenting to the transfer of any shares, or performing or entering any transactions which would have the effect of alienating assets pending payment to Global Gold; Each of Amarant and Alluvia, including its officers and agents (including without limitation Johan Ulander) will provide within 5 business days all contracts, draft agreements, emails, records of financial transactions, financial statements, and all other documents in connection with their business affairs for purposes of determining whether Respondents have complied with the July 29, 2013 and subsequent orders, have diverted funds which could have been used to pay Global Gold, and to aid Global Gold in collection. Respondents shall specifically provide all documents related to Gulf Resource Capital, Amarant Finance, the IGE Resources stock sale and related transactions as well as documents related to the institutions from which Respondents have represented payment would issue including but not limited to: Mangold, Swedebank, Jool Capital, Skandinavska Bank, Credit Suisse, HSBC, Volksbank, Loyal Bank, Danskebank, NSBO, the “offtaker,” and Clifford Chance escrow account. Respondents shall execute any documents reasonably necessary or required by any institution to give Claimant access to this information and documents.” As of June 30, 2016 and December 31, 2015, the Company was owed principal amounts (excluding penalties, interest, and additional payments) of $16,868,570 from Amarant from the sale of 100% of the Company’s interest in the Compania Minera Global Gold Valdivia S.C.M. company (“GGV”) (and the June 26, 2014 arbitral final award), which held the Pureo mining assets in Chile and 100% interest in its wholly owned subsidiaries Global Oro LLC and Global Plata LLC which are each 50% owners of Minera Global Chile Limitada, all as part of the amended agreement closed on December 2, 2011. The Company wrote down principal amounts of $16,868,570 as of June 30, 2016 and December 31, 2015, respectively, as impairment as Amarant has made partial payments but has yet to pay the full principal amounts due in full. Amarant has reportedly assigned its interest to Alluvia Mining Limited, a public limited liability company incorporated under the laws of Jersey (“Alluvia”), an assignment which the Company conditionally consented as of June 15, 2012, but as of June 30, 2016 and September 23, 2016, the conditions were not been met by any of Conventus, Amarant or Mr. Ulander. Amarant and Alluvia further entered into agreements with Gulf Resources Capital and other parties which the Company is researching to determine any of their liabilities. For details refer to Note 14 – Legal Proceedings paragraph Amarant and Alluvia Related.

Note 5 - Accounts Payable and A

Note 5 - Accounts Payable and Accrued Expenses	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	5. ACCOUNTS PAYABLE AND ACCRUED EXPENSES As of June 30, 2016 and December 31, 2015, the accounts payable and accrued expenses consisted of the following: June 30, December 31, 2016 2015 Drilling work payable $ 146,830 $ 154,819 Accounts payable 4,618,769 4,518,386 Interest payable 1,839,639 1,548,548 $ 6,605,238 $ 6,221,753

Note 6 - Mine Owners Debt Facil

Note 6 - Mine Owners Debt Facilities	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Mine Owners Debt Disclosure [Text Block]	6. MINE OWNERS DEBT FACILITIES On July 5, 2013, GGCRL, GGCR Mining, and Mego concluded a fifteen year mine operating agreement with Linne as the operator along with an $8,800,000 debt facilities agreement to fund future production at the central section of the Toukhmanuk gold-silver open pit mine in Armenia. The debt facility includes interest at LIBOR plus 8%, and the operator, Linne, has an incentive based compensation model, to be paid approved costs plus 10% of the actual sales of gold, granting share options for up to 10% in GGCRL or the subsidiary project company in Armenia to Jacero Holdings Limited, a limited liability company incorporated in the Republic of Cyprus (“Jacero”), and extending the existing offtake agreement with IM until the end of 2027. The loan may be pre-paid. GGCRL and GGC have signed as Guarantors on the debt facility agreement. The debt was secured by the Getik license as well as a subordinated security interest to ABB in Mego shares, the Toukhmanuk mining and exploration licenses, ore stockpile included in the Company’s Inventory and Mego property. The mine operator has procured a plant for expansion and reportedly began to restart production. Pictures of plant construction progress are on the Company’s website. While Linne procured and began assembling a new processing plant at Toukhmanuk, completion has been delayed, mining in accordance with relevant agreements and approved plans has not occurred, and Linne has asked to be relieved of its responsibilities but terms for accommodating that request have not been agreed to and Linne continues to be responsible. The Company is carrying this as a liability, though the Company reserves the right to contest this liability pending substantiation concerns and offsetting amounts caused by damage and non performance by Linne, as well as other reasons. The balance due on the debt facilities as of June 30, 2016 and December 31, 2015 was $4,104,577. As of June 30, 2016 and December 31, 2015, the Company has accrued interest of $999,137 and $814,096, respectively, on this debt facility based on calculations from Linne which the Company does not agree with or have support for.

Note 7 - Convertible Note Payab

Note 7 - Convertible Note Payable	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Convertible Note Payable [Text Block]	7. CONVERTIBLE NOTE PAYABLE On December 29, 2011, the Company and CRA signed a Binding Term sheet for a convertible note facility for not less than $2,000,000 with a cash coupon of 3% per annum and a guaranteed minimum IRR of 15% at a “Liquidity Event” (the “Convertible Notes”). The Convertible Notes were guaranteed by GGC until the execution of the shares transfer agreements, which occurred on September 26, 2013. On January 17, 2012, the Company signed an “Instrument” covering the Convertible Notes supplementing the December 29, 2011 Binding Term sheet. The Instrument removed the 3% per annum cash coupon and provided that the Convertible Notes could be prepaid at any time prior to a liquidity event at par, defining a Liquidity Event as “an initial public offering of the Company’s ordinary shares on a stock exchange or a Change of Control of the Company or any of its subsidiaries. A Change of Control was defined as “a change of 50.1% or more of a beneficial ownership of the legal and beneficial ownership of the Company or the relevant subsidiary except in the case of an initial public offering.” On February 19, 2012, the Company, GGC, CRA and their respective subsidiaries signed a series of additional agreements which appointed GGM as the interim manager of the business and required reimbursement of its budgeted and other cost. In April and May 2012, notices of breach of those February 2012 agreements were issued and damages claims were asserted, then the outstanding issues were resolved in documents and resolutions executed on September 19, 2012. On September 19, 2012, repayment of the Convertible Notes was extended to the sooner of September 19, 2013, a Public Listing, or a financing of the Company with interest payable at 4% per annum. The joint venture was closed on October 26, 2012 with the registration of the Mego and Getik share transfer agreements. On November 22, 2013, the Company, GGC, CRA, and other parties agreed that all outstanding GGCRL group debt including the Convertible Notes will be audited and agreed then assumed by Signature Gold as part of the merger transaction. The November 22, 2013 agreement also provided that a repayment schedule of all debt will be determined once the audit is complete. The November 22, 2013 agreement did not trigger a 15% IRR provision because it does not constitute a Liquidity Event until the merged companies shares are publicly listed and is not a change of control since the beneficial ownership does not change by 50.1%. On January 20, 2012, March 8, 2012, and March 28, 2012, the Company signed and approved Convertible Notes certificates each in the amount of $500,000 and totaling $1,500,000 and is carrying this as a liability, though the Company does not accept this liability for fraud and offsetting amounts caused by damage and non performance as well as other reasons. The November 22, 2013 agreement which was signed both by CRA and GGCRL waives any demand on GGCRL for repayment of the notes other than through the Signature transaction and audit process. In addition, GGCRL and the Company have received contradictory representations as to the identity of the true owner of the funds advanced from Messrs Borkowski and Premraj. The Convertible Notes themselves also provide for equal treatment, “coinvestment” of funds paid by the Company to GGCRL (Qualifying advances under the Convertible Notes require approval by a 75% of the GGCRL board.) On September 19, 2012, the CRA representative to the GGCRL board consented to an extension for the repayment of any debt to CRA until the sooner of September 19, 2013, a public listing of GGCRL, or a financing of GGCRL. In April 2013, the Company had indirectly received an informal notice from a purported representative of CRA alleging a default under the Convertible Notes. On June 18, 2013, GGC and GGCRL directly received a notice from the same purported CRA representative, Joseph Borkowski. On June 25, 2013, GGC, in a written response endorsed by Mr. Premraj, refuted (without dispute) the notice based on communications with CRA affiliated directors, lack of corporate authentication and contradictory corporate constitutional documentation which would prohibit GGC from recognizing Mr. Borkowski or Rasia FZE as in control of CRA. On July 1, 2013, GGC received written confirmation from a director of Consolidated Minerals Pte. Ltd. confirming that Consolidated Minerals Pte. Ltd. had funded the Convertible Notes to GGCRL, is the beneficial owner of those Notes, and reserves all legal rights to these Convertible Notes, not CRA. The owner, Mr. Premraj, and the representative of CRA, Jeffrey Marvin, signed the November 22, 2013 Merger Agreement with Signature Gold Limited which provided that repayment of the Convertible Notes and other GGCRL debt “will be audited and agreed then assumed by Signature Gold as part of this merger transaction. The assumption by Signature Gold of the audited Debt and Liabilities of the GGCRL Group is capped at US $8 million and will only occur following satisfactory audit and acceptance by Signature Gold. Following the assumption of any Debt and Liabilities of GGCRL Group by Signature Gold, each lender, vendor, creditor, and employee will have the option of converting their respective Debt and Liabilities into common shares in Signature Gold at the Issue Price. A repayment schedule of all debt remaining following any conversion elections will be determined once the audit is complete and a reasonable period, not to exceed 30 days, has been allowed for the election of conversions”. Thus, while including certain amounts claimed to have been advanced in its financial statements to be conservative, the Company has taken the position that the claims to repayment of the Notes are without merit. Mr. Borkowski purportedly on behalf of CRA filed a lawsuit in the Royal Court of Jersey in attempt to enforce the Notes, but on June 18, 2014, the Royal Court of Jersey denied CRA’s claim for a default judgment on the Notes and held the matter over. Refer to Legal Proceedings for the dispute related to outstanding amount payable on Convertible Notes and advance payable matters. On March 26, 2015, the Court of Appeals of the Island of Jersey ruled in the Company’s favor in staying all proceedings and referring the claims initiated by Joseph Borkowski, purportedly on behalf of CRA to the contracted dispute resolution procedures in New York City. On the same day, the Court of Appeals also granted the Company its costs and fees for the entire proceedings with CRA. Approximately $50,000 has already been awarded to the Company against CRA (but not paid) with an application for an additional $230,000 based on the Court of Appeals award pending. On May 27, 2015, the Court of Appeals of the Island of Jersey again ruled in the Company’s favor refusing CRA’s request for leave to appeal to the Queen’s Privy Council. CRA requested the Queen’s Privy Council for leave to appeal which was granted. At the same time, on November 18, 2015, the Royal Court of Jersey ruled in favor of GGCRL, the Company, and Mr. Krikorian in lifting all remnants of the injunction issued in 2014 which was not appealed, see exhibit 10.76 below. The Company has been awarded its costs and attorney fees, which it is pursuing. CRA has not complied with the agreed dispute resolution provisions to commence in New York, despite the Company’s initiation of the agreed mediation clause, see Subsequent Events for an update on this matter.

Note 8 - Advances Payable Conso

Note 8 - Advances Payable Consolidated Resources	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	8. ADVANCES PAYABLE CONSOLIDATED RESOURCES In addition to the $1,500,000 received under the approved Convertible Notes, as describe in Note 7 above, the Company received additional advances of $394,244 which it is carrying this as a liability, though the Company reserves the right to contest this liability for fraud and offsetting amounts caused by damage and non performance as well as other reasons. There is no written agreement on these Advances Payable Consolidated Resources and the Company has not accrued any interest on them accordingly. Refer to Note 14 - Legal Proceedings for the dispute related to outstanding amount payable on convertible note and advance payable and Subsequent Events.

Note 9 - Noncontrolling Interes

Note 9 - Noncontrolling Interest in Joint Venture	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	9. NONCONTROLLING INTEREST IN JOINT VENTURE Formation of joint venture On April 27, 2011, the Company entered into a Joint Venture Agreement with CR. Pursuant to the agreement, the Company received $5,000,000 and agreed to transfer 100% interests in Mego and Getik Mining Company, LLC into the Joint Venture Company. The Company recorded this transaction in accordance with the provisions of ASC 810, “Consolidation.” Transfer of interest On September 26, 2012, the Company conditionally transferred 100% interests in Mego and Getik Mining Company, LLC at carrying value into the joint venture in accordance with ASC 805-50-30. According to ASC 805-50-30, when accounting for a transfer of assets between entities under common control, the entity that receives the net assets shall initially measure assets and liabilities transferred at their carrying amounts at the date of transfer. Consolidation of Joint Venture Company The Company consolidates the Joint Venture Company in accordance with ASC 810 based on the determination that it controls the Joint Venture Company due to its 51% ownership interest and including the following characteristics: ● The noncontrolling interest lacks participation rights in significant decisions made in the ordinary course of business; and ● The noncontrolling interest does not have the ability to dissolve the Joint Venture Company Recognize and measure noncontrolling interest Changes in a parent’s ownership interest while retaining its controlling financial interest are accounted for as an equity transaction. The carrying amount of the noncontrolling interest is adjusted to reflect the change in its ownership interest in the subsidiary. The difference between the fair value of the consideration received and the amount by which the noncontrolling interest is adjusted is recognized as equity attributable to the parent. Further, the carrying amount of the accumulated other comprehensive income is adjusted to reflect the change in the ownership interest in the subsidiary through a corresponding charge to equity attributable to the parent. The following table summarizes the changes in Non-Controlling Interest for the six months ended June 30, 2016. Balance, December 31, 2015 $ (3,828,559 ) Net loss attributable to the non-controlling interest (338,065 ) Foreign currency translation gain 30,449 Balance, June 30, 2016 $ (4,136,175 )

Note 10 - Segment Reporting by

Note 10 - Segment Reporting by Geographic Area	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	10. SEGMENT REPORTING BY GEOGRAPHIC AREA The Company sells its products primarily to one customer in Europe. The Company performs ongoing credit evaluations on its customers and generally does not require collateral. The Company operates in a single industry segment, production of gold and other precious metals including royalties from other non-affiliated Companies production of gold and other precious metals. For the three and six months ending June 30, 2016 and 2015, the Company did not have any revenue. The following summarizes identifiable assets by geographic area: June 30, December 31, 2016 2015 Armenia $ 2,556,175 $ 2,596,427 United States 20,720 27,685 $ 2,576,895 $ 2,624,112 The following summarizes operating losses before provision for income tax: Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 Three Months Ended June 30, 2016 Three Months Ended June 30, 2015 Armenia $ 455,585 $ 856,542 $ 233,404 $ 532,069 United States 573,969 537,301 353,222 198,107 $ 1,029,554 $ 1,393,843 $ 586,626 $ 730,176

Note 11 - Concentration Risk

Note 11 - Concentration Risk	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	11. CONCENTRATION RISK Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash. The Company places its cash with high credit quality financial institutions in the United States and Armenia. Bank deposits in the United States did not exceed federally insured limits as of June 30, 2016 and December 31, 2015. As of June 30, 2016 and December 31, 2015, the Company had approximately $25,300 and $6,160, respectively, in Armenian bank deposits which may not be insured. The Company has not experienced any losses in such accounts through June 30, 2016 and as of the date of this filing. The majority of the Company's present activities are in Armenia. As with all types of international business operations, currency fluctuations, exchange controls, restrictions on foreign investment, changes to tax regimes, political action and political instability could impair the value of the Company's investments.

Note 12 - Certain Relationships

Note 12 - Certain Relationships and Related Party Transactions	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	12. CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS The Company values shares issued to officers using the fair value of common shares on grant date. Mr. Krikorian’s employment agreement was extended for an additional 3 year term from July 1, 2009 through June 30, 2012 with an annual salary of $225,000 and Mr. Krikorian was granted 1,050,000 shares of restricted common stock which will vest in equal semi-annual installments over the term of his employment agreement. Mr. Boghossian’s employment agreement was extended for an additional 3 year term from July 1, 2009 through June 30, 2012 with an annual salary of $72,000 and Mr. Boghossian was granted 337,500 shares of restricted common stock which will vest in equal semi-annual installments over the term of his employment agreement. Mr. Dulman’s employment agreement was extended for an additional 3 year term from August 1, 2009 through July 31, 2012 with an annual salary of $150,000 and Mr. Dulman was granted 225,000 shares of restricted common stock which will vest in equal semi-annual installments over the term of his employment agreement. Mr. Dulman was also granted stock options to purchase 225,000 shares of common stock of the Company at $0.14 per share (based on the closing price at his renewal) vesting in equal quarterly installments over the term of his employment agreement. Effective July 1, 2012, the Company entered employment agreement extensions with Ashot Boghossian and Van Krikorian, and effective August 1, 2012, with Jan Dulman as recommended by the Company’s Compensation Committee and approved by the Board of Directors on June 15, 2012. The agreements are extended for an additional three years under the same terms except for Mr. Dulman who will receive an annual salary of $165,000, which constitutes a $15,000 raise per year, and an additional 25,000 restricted shares of the Company’s Common Stock annually in lieu of the option grants in his prior contract beginning August 1, 2012 when the extension begins for Mr. Dulman. All shares issued under these extensions will vest in equal semi-annual installments over the term of the employment agreements. All shares were issued at fair market value and are amortized over the term of the employment agreements. In July 2012, the Company issued 2,437,500 shares of common stock in connection with these extensions. On July 1, 2012 the Company granted performance and retention bonus awards of restricted shares of the Company’s Common Stock to Van Krikorian (500,000 shares) and Jan Dulman (250,000 shares) as recommended by the Company’s Compensation Committee and approved by the Board of Directors on June 15, 2012. All shares issued under this bonus award will vest in equal semi-annual installments over the two years through June 30, 2014. All shares were issued at fair market value and are amortized in accordance with the vesting period. On May 16, 2014, the Company issued as directors’ fees to each of the six directors (Nicholas Aynilian, Drury J. Gallagher, Harry Gilmore, Ian Hague, Lester Caesar and Van Z. Krikorian) 50,000 restricted shares of the Company’s Common Stock at $0.11 per share for a total value of $33,000. The shares were issued pursuant to the Board’s April 16, 2014 decision from which date the shares were valued. On May 16, 2014, the Company declared a stock bonus to employees in Armenia 260,000 restricted shares of the Company’s Common Stock at $0.11 per share for a total value of $28,600. The shares were issued pursuant to the Board’s April 16, 2014 decision from which date the shares were valued. On June 20, 2014, the Company declared a stock bonus to Dr. W.E.S. Urquhart in Chile of 50,000 restricted shares of the Company’s Common Stock at $0.10 per share for a total value of $5,000. All shares issued will vest in equal quarterly installments over two years through June 30, 2016. On June 20, 2014, the Company’s Compensation Committee granted retention bonuses to Mr. Krikorian of $55,000, Mr. Dulman of $45,000 and Mr. Boghossian of $35,000 to be payable upon the receipt of funding from the Chile sale. On June 20, 2014, the Company’s independent compensation committee and the board of directors authorized employment amendments and extensions to Messrs. Krikorian, Boghossian, and Dulman under the same terms of their prior 2012 agreements. On May 5, 2015, the Company executed employment agreement extensions effective July 1, 2015, with Ashot Boghossian and Van Krikorian, and effective August 1, 2015, with Jan Dulman as recommended by the Company’s Compensation Committee and approved by the Board of Directors on June 20, 2014. The agreements are extended for an additional three years under the same terms. All shares issued under these extensions will vest in equal semi-annual installments over the term of the employment agreements. All shares were issued at fair market value and are amortized over the term of the employment agreements. On May 8, 2015, the Company issued 1,687,500 shares of common stock in connection with these extensions. The following table illustrates the Company's compensation commitments for the next 5 years as of June 30, 2016. Year Amount 2016 – remaining period $ 195,000 2017 390,000 2018 208,750 2019 - 2020 - Restricted Stock Units: On May 8, 2015, in terms of a restricted stock award, 1,687,500 restricted shares were issued as per the Company’s executed employment agreement extensions effective July 1, 2015, with Ashot Boghossian and Van Krikorian, and effective August 1, 2015, with Jan Dulman as recommended by the Company’s Compensation Committee and approved by the Board of Directors on June 20, 2014. The agreements are extended for an additional three years under the same terms. These shares will be vest to Ashot Boghossian for each six month period, commencing on July 1, 2015, he shall become fully vested in 56,250 Shares granted hereunder. Thus, if he complete six, twelve, eighteen, twenty four, thirty and then thirty six months of service as provided hereunder, he shall be vested in 56,250, 112,500, 168,750, 225,000, 281,250, and then 337,500 of the Shares granted hereunder, respectively. These shares will be vest to Van Krikorian for the first six month period commencing July 1, 2015 within which he render the services provided herein, he shall become fully vested in one sixth of the total Shares granted hereunder. For the next six month periods thereafter commencing on January 1, 2016 through June 30, 2018, he shall become fully vested in an additional one sixth of the total Shares granted hereunder. Thus, if he complete six, twelve, eighteen, twenty four, thirty and then thirty six months of service as provided hereunder, you shall be vested in 175,000, 350,000, 525,000, 700,000, 875,000, and then 1,050,000 of the Shares granted hereunder, respectively. These shares will be vested to Jan Dulman for the first six month period commencing August 1, 2015 within which he render the services provided herein, he shall become fully vested in one sixth of the total Shares granted hereunder. For the next six month periods thereafter commencing on February 1, 2016 through July 31, 2018, he shall become fully vested in an additional one sixth of the total Shares granted hereunder. Thus, if he complete six, twelve, eighteen, twenty four, thirty and then thirty six months of service as provided hereunder, you shall be vested in 50,000, 100,000, 150,000, 200,000, 250,000, and then 300,000 of the Shares granted hereunder, respectively. The restricted stock outstanding and exercisable at June 30, 2016 is as follows: Restricted Stock Outstanding Restricted Stock Vested Grant date Price Number Weighted Number Weighted $ 0.01 1,687,500 $ 0.01 512,500 $ 0.01 The Company has recorded an expense of $4,062 and $0 relating to these restricted stock awards for the six months ended June 30, 2016 and 2015, respectively. The Company has recorded an expense of $2,031 and $0 relating to these restricted stock awards for the three months ended June 30, 2016 and 2015, respectively, relating to the restricted stock award and a further $9,750 will be expensed over the vesting period of the stock which takes place over the three years. On May 8, 2015, the Company issued as directors’ fees to each of the six directors (Nicholas Aynilian, Drury J. Gallagher, Harry Gilmore, Ian Hague, Lester Caesar and Van Z. Krikorian) 50,000 restricted shares of the Company’s Common Stock at $0.01 per share for a total value of $3,000. The shares were issued pursuant to the Board’s April 27, 2015 decision from which date the shares were valued. On May 8, 2015, the Company declared a stock bonus to employees in Armenia 260,000 restricted shares of the Company’s Common Stock at $0.01 per share for a total value of $2,600. The shares were issued pursuant to the Board’s April 27, 2015 decision from which date the shares were valued. On April 25, 2016, the Company authorized as directors’ fees to each of the five directors 50,000 restricted shares (totaling 250,000 restricted shares) of the Company’s Common Stock at $0.02 per share for a total value of $5,000. The Company also authorized 320,000 restricted shares of the Company’s Common Stock at $0.02 per share for a total value of $6,400 to employees of the Corporations subsidiaries in Armenia. These shares, totaling 570,000 shares, have not yet been issued. On May 31, 2016, the Company through board action agreed to allow the existing stock options plan terminate to eliminate all stock options. Current employees and directors still holding valid stock options will receive restricted shares in the amount of 50% of the stock for which they had valid options. Pursuant to the option cancellation, the Company authorized the issuance of 1,277,084 restricted shares of the Company’s Common Stock at $0.01 per share for a total value of $12,771. The amount of total deferred compensation amortized for the six months ended June 30, 2016 and 2015 was $4,062 and $52,688, respectively. The amount of total deferred compensation amortized for the three months ended June 30, 2016 and 2015 was $2,031 and $26,344, respectively. On January 22, 2014, the Company received loans from Drury Gallagher and Ian Hague, Directors of the Company, in the amounts of $373,000 and $127,000, respectively, which carry at an annual rate of 9%. As of June 30, 2016, these amounts remain unpaid and the Company has accrued interest of $109,726. As of June 30, 2016 and December 31, 2015, the Company owed Drury Gallagher, the Company’s Director and Treasurer, $4,127 for expense reimbursement which bears no interest and which remain unpaid as of the date of this filing. As of June 30, 2016 and December 31, 2015, one of the Company's Directors, Drury Gallagher, was owed $2,523,687 and $2,193,000, respectively, from interest free loans which remain unpaid as of the date of this filing. As of June 30, 2016 and December 31, 2015, one of the Company's Directors, Nicholas Aynilian, was owed $5,000 from interest free loans which remain unpaid as of the date of this filing. As of June 30, 2016 and December 31, 2015, the Company owes unpaid wages of approximately $1,738,000 and $1,542,000, respectively, to management including approximately $897,000 and $784,000, respectively to Mr. Van Krikorian and $656,000 and $574,000, respectively, to Mr. Jan Dulman. The Company is accruing interest at an annual rate of 9% on the net of taxes wages owed to management. As of June 30, 2016 and December 31, 2015, the Company had accrued interest of approximately $381,000 and $327,000, respectively. The Company has also accrued the contingent bonus payable to the management for $270,000 as of June 30, 2016 and December 31, 2015. As of June 30, 2016 and December 31, 2015, the Company had interest free loans due to employees in Armenia of approximately $106,000 and $134,000, respectively.

Note 13 - Agreements and Commit

Note 13 - Agreements and Commitments	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	13. AGREEMENTS AND COMMITMENTS Industrial Minerals/Linne/Jacero Agreements On March 24, 2009, the Company signed a supply contract agreement with Industrial Minerals SA (“IM”), a Swiss Company. The agreement is for IM to purchase all of the gold and silver concentrate produced at the Company's Toukhmanuk facility at 85% of LBMA less certain treatment and refining charges. On February 25, 2010, the Company, through its wholly owned subsidiary Mego entered into an agreement with IM to provide Mego with an advance of $450,000 from IM against future sales of gold and silver concentrate (the “Advance”). The Advance was provided by IM on February 26, 2010. The Company owed $87,020 from the Advance as of June 30, 2016 and December 31, 2015. Key terms include; that Mego provides IM with an exclusive off-take agreement for its gold and silver concentrate in Armenia through December 31, 2012; for 2009 and until February 25, 2010, the price IM paid Mego for gold and silver concentrate was calculated based on 85% of the London AM/PM Gold Fixation and London Silver Spot (“London Rates”), until Mego delivers 2,250 metric tons of concentrate the 85% is reduced to 80%, after 2,250 metric tons have been delivered the price will revert to 85% of London Rates; Mego provides IM with a security interest in its current ore stockpile in Armenia; and the Company provides for a corporate guarantee for repayment of the Advance. On July 5, 2013, the Company through its majority owned subsidiary Global Gold Consolidated Resources Limited, a Jersey Island private limited liability company (“GGCRL”), and GGCRL wholly owned subsidiaries GGCR Mining, LLC, a Delaware limited liability company (“GGCR Mining”), and Mego-Gold, LLC, a limited liability company incorporated in the Republic of Armenia (“Mego”), concluded a fifteen year mine operating agreement, all as further described in Exhibit 10.62 below, with Linne Mining LLC, a limited liability company incorporated in the Republic of Armenia (“Linne”), as the operator along with an $8,800,000 debt facilities agreement to fund future production at the central section of the Toukhmanuk gold-silver open pit mine in Armenia. The debt facility includes interest at LIBOR plus 8%, and the operator, Linne, has an incentive based compensation model, to be paid approved costs plus 10% of the actual sales of gold, all as further described in Exhibit 10.63 below. The Company has signed as a Guarantor on the debt facility agreement. The existing offtake agreement with Industrial Minerals, SA was also extended until the end of 2027, all as further described in Exhibit 10.64 below, and share options for up to 10% in GGCRL or the subsidiary project company in Armenia were also granted in related agreements with Jacero Holdings Limited, a limited liability company incorporated in the Republic of Cyprus (“Jacero”), all as further described in Exhibit 10.65 below. In January 2016 and since, the Company has been engaged with counsel for Linne Mining and Industrial Minerals to disclose the substantiation for amounts drawn under the Debt Facilities Agreement, reconcile evidence of misappropriation of funds by the mine contractor, comply with the Debt Facilities and Operating Agreements, pay the claims Global Gold has made for the breaches of Linne Mining and amicably resolve outstanding disputes without success. The Company has taken the position that the agreed dispute resolution provisions starting with the 60 day good faith negotiating period commence upon provision of the material to substantiate the claims made by Linne Mining, but that information has not been forthcoming. The refusal to turn over this required information has also affected our financial reporting in that we lack a basis to have capital and other expenses claimed by Linne Mining for the benefit of the project confirmed. After the Company presented its position and evidence, Linne advanced a claim of lost profits of approximately $30.6 million Linne was contractually obligated to operate the mine and produce at certain levels agreed by the parties. Linne utterly and admittedly failed to do so then abdicated as the evidence mounted that its former director Janiko Kaplanishvili was misappropriating funds. We have also learned that from 2013-2015, he spent less than 45 days in the country not all of which were even at the mine site. We have learned of the deception in attendance to agreed work as well as other fundamental breaches, including using funds drawn for project purposes for personal and other unrelated purposes. The $30.6 million claim is for lost profits based on the mine contractor’s 10% bonus payment which was to be earned from production but the contractor for its own reasons and in violation of the agreement did not produce. We are disclosing the claim to be transparent, but note that it was only made after the Company pointed out that the contractor failed to perform and owed us for our lost profit and other damages, of which their claim is only 10%. If the matter is not amicably resolved, the Company will need to resort to legal recourse to extract the information being withheld and the monetary damages. The contractor has totally left the mine site and the Company has full control, although we have maintained the contractor remains responsible under the contract. Viking Investment/CREO Agreements On July 5, 2013, GGCRL, and its wholly owned affiliates Mego, and Getik Mining Company, a limited liability company incorporated in the Republic of Armenia (“Getik”), also finalized an agreement effective June 20, 2013 with Creo Design (Pty) Limited, a company incorporated in the Republic of South Africa (“CREO”), and Viking Investment Limited, a company incorporated in the Hong Kong (“Viking”). The agreement is for CREO to manage the technical work with local employees and contractors leading to feasibility studies at the Getik property in Armenia as well as at the 50 plus square kilometer exploration license area surrounding the central section of the Toukhmanuk mine. The Armenian government recently extended this exploration license to July 2, 2016 and the English and Armenian of the current license have been posted on the Global Gold website. The agreement also calls for Viking to finance the initial budgeted expenses until GGCRL is publicly listed at a charge of costs plus 10%, all as further described in Exhibit 10.66 below. As of June 30, 2016 and as of the date of this Report, Viking and CREO have failed to meet their obligations and are in material breach of the contract. The Company is reviewing its options with respect to the breaches of contract. Caldera Agreements On November 10, 2014, the International Centre for Dispute Resolution Final Award, with retired Justice Herman Cahn as the sole arbitrator, ruled in favor of Global Gold on damages and a range of other outstanding issues. The total damage award is $10,844,413 with interest at 9% and penalties continuing to accrue if Caldera does not comply with the equitable relief granted. Of the total damage award, $3 million is compensation and $1 million is punitive damages for the defamatory publications by Caldera's principal Vasilios Bill Mavridis against Global Gold and its principals. This Final Award terminates the arbitration proceedings which Caldera instituted against Global Gold in 2010. Global Gold prevailed in the first, liability phase of the arbitration and four prior court cases, as summarized and reported in April 2013. A full copy of the 42 page Final Award as well as the other rulings is available at the Global Gold website: www.globalgoldcorp.com. Previous rulings in this matter included that Montreal based Caldera Resources, led by the brothers John Mavridis and Bill Mavridis, failed to make agreed payments to Global Gold despite having raised almost $5 million, failed to issue stock due, misrepresented the approval of the Toronto Stock Exchange of the parties' contract, and otherwise breached the joint venture agreement. Caldera through its Biomine, LLC subsidiary also acquired a "Marjan West" license area which it claimed was adjacent to Marjan but in fact overlapped with Marjan. Armenian Courts at three levels found that Caldera had deceptively and illegally registered full control over the Marjan Mining Company to itself without the signatures or authorization of Global Gold, and a U.S. Federal Court confirmed the phase 1 arbitration findings while rejecting Caldera's arguments to vacate the award. The November 10, 2014 Final Award resolved all other outstanding issues with the following specific findings and rulings requiring Caldera to: 1. turn over to Global Gold at its offices in Rye, New York all books, records, contracts, communications, and property related in any way to the Marjan property in Armenia and the Marjan Mining Company, including specifically the Armenian Marjan Mining Company seal, and shall pay Global Gold $50,000 plus $250 per day for every day following issuance of this Final Award that such materials are not delivered; 2. turn over to Global Gold at its offices in Rye, New York communications Caldera and/or Mr. Mavridis has had with third parties concerning Global Gold its officers, agents, directors and business…Without limitation, the following shall also be turned over to Global Gold: all direct and indirect (for example through a translator or agent) communications with the following individuals and organizations: Azat Vartanian, Petros Vartanian, …, Joseph Borkowski, Jeffrey Marvin,… Prem Premraj…, Rasia FZE, Johan Ulander, Ecolur,… Tom Prutzman, …, Stockhouse, Investor's Hub, shareholders of Global Gold, and any governmental or regulatory authorities-- Caldera shall pay Global Gold $100 per day for every day following issuance of this Final Award that such materials are not delivered; 3. issue a press release correcting the April 30, 2013 Caldera release …stating that the original release is retracted with all property books and records (including all exploration data) related to the Marjan property transferred to Global Gold and that neither Caldera nor its successors retain rights to the Marjan mine in Armenia and shall pay Global Gold $50,000 plus $100 per day for every day following issuance of this Final Award that such correcting release is not issued; 4. Caldera did not spend the minimum $1 million threshold necessary to be eligible for an NSR Royalty interest and therefore Caldera has no NSR Royalty or any other interest in the Marjan property; 5. the $150,000 which Caldera paid to Global Gold was not pursuant to the JV Agreement (which did not become effective) but pursuant to the December 2009 Agreement therefore Global Gold is not obligated to make any payments to Caldera; 6. pay Global Gold $115,000 for Caldera's refusal to turn over 500,000 shares of stock in 2010; 7. pay Global Gold $3,174,209 for Caldera's failure to make agreed payments to Global Gold; 8. pay Global Gold $577,174 for legacy governmental liabilities concerning the Marjan property and shall indemnify and hold Global Gold harmless (including attorney fees) from any governmental claims or liabilities associated with the time they control the seal of the Marjan Mining Company; 9. pay Global Gold $967,345 for violating Paragraph (1) of the Final Partial Award requiring turnover of property and [for] interference in Global Gold's development of Marjan and shall relinquish the portions of the Marjan West license which overlap or in any way impinge on Marjan; 10. Caldera is liable for defamation and tortious interference with contractual and business relations with regard to Global Gold and its related personnel and so shall (i) pay Global Gold $3 million in compensatory damages…, (ii) pay Global Gold $1 million in punitive or exemplary damages…, (iii) remove all the materials and websites controlled in any way by them which were admitted as exhibits on defamatory publications in this case from the internet and other locations, (iv) remove and be permanently enjoined from using Global Gold's trading symbol without permission; (v) not share those materials with others or arrange to have them posted anonymously or otherwise- (vi) independently, … Global Gold and those who have been named by Caldera and Bill Mavridis in the admitted exhibits on defamatory publications as well as their attorneys [are granted] the authority to contact internet service providers, search engine firms, social media sites, stock discussion boards (including but not limited to Google, Yahoo, Facebook, Twitter, Stockhouse, Investor's Hub and Bing) to use this Final Award to remove the material as defamatory; 11. for the breaches of the Confidentiality Stipulations and Orders in this case, …all publications of "confidential" or attorney eyes only material [shall] be removed from the internet and any other locations and that their substance not be republished and …Global Gold and its attorneys [are granted] the authority to contact internet service providers, search engine firms, social media sites, stock discussions board (including but not limited to Google, Yahoo, Facebook, Twitter, Stockhouse, Investor's Hub and Bing) to use this Final Award to remove the material-- Caldera shall pay Global Gold for $100 per day every day that persons associated with Caldera remain in violation of the Confidentiality Stipulation and Order following the issuance of this Final Award including for each day until full disclosure of all emails and other communications with third parties that the information was shared with or discussed; 12. pay $1,822,416 for attorney fees and costs; 13. reimburse Global Gold $88,269 paid to the arbitration association and for the compensation and expenses of the arbitrator. The Final Award was certified for purposes of Article I of the United Nations New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards and for purposes of the Federal Arbitration Act. Caldera has not complied with the Final Award. See the Company’s 2015 Form 10-K for the historical background of the agreements related to the terminated Marjan JV and Caldera Resources. See Note 14 - Legal Proceedings. Consolidated Resources Agreement As of March 17, 2011, the Company entered into an agreement (the “Formation Agreement”) with Consolidated Resources USA, LLC, a Delaware company (“CRU”) for a joint venture on the Company’s Toukhmanuk and Getik properties in Armenia (the “Properties”). Upon payment of the initial consideration as provided below, Global Gold and CRU will work together for twelve months (the “12 Month Period”) to develop the Properties and cause the Properties to be contributed to a new joint venture company, whose identity and terms will be mutually agreed, (the “JVC”). Rasia, a Dubai-based principal advisory company, acted as sole advisor on the transaction. Key terms include CRU paying initial consideration of $5,000,000 as a working capital commitment to Global Gold payable by: a $500,000 advance immediately following the execution of the Formation Agreement (the “Advance”); $1,400,000 payable following the satisfactory completion of due diligence by CRU and the execution of definitive documents in 30 days from the date of this Agreement; and $3,100,000 according to a separate schedule in advance and payable within 5 business days of the end of every calendar month as needed. On April 27, 2011, the Company entered into an agreement with Consolidated Resources Armenia, an exempt non-resident Cayman Islands company (“CRA”); and its affiliate CRU, (hereinafter collectively referred to as “CR”), to fund development and form a joint venture on the Properties (the “JV Agreement”). The JV Agreement was entered pursuant to the Formation Agreement. CR completed its due diligence with satisfaction, and as of the date of the JV Agreement completed the funding of the required $500,000 Advance. Upon the terms and subject to the conditions of JV Agreement, CR will complete the funding of the remaining $4,500,000 of its $5,000,000 working capital commitment related to Toukhmanuk and Getik according to an agreed, restricted funding schedule which includes $1,400,000 payable following the execution of the Agreement and the remaining $3,100,000 payable over the next 12 months with payments occurring within 5 business days of the end of each calendar month as needed. In addition, Mr. Jeffrey Marvin of CR was elected a member of the Global Gold Board of Directors and attended the Company's annual meeting on June 10, 2011. As of December 31, 2011, the Company received the full $5,000,000 funding from CR. Mr. Marvin resigned from the Global Gold board on February 24, 2012 for personal reasons. Pursuant to the JV Agreement, Global Gold and CR were working together for twelve months (the “12 Month Period”) from the date of the JV Agreement to develop the Properties, improve the financial performance and enhance shareholder value. The JV Agreement enables Global Gold to complete its current Toukhmanuk production expansion to 300,000 tonnes per year and advance exploration in Armenia. Global Gold and CR agree to form a new Joint Venture Company (“JVC”) to be established by CR, subject to terms and conditions mutually and reasonably agreed with Global Gold, provided that JVC shall have no liabilities, obligations, contingent or not, or commitments, except pursuant to a shareholders’ agreement. Global Gold and CR intend to integrate all of Global Gold’s Toukhmanuk and Getik mining and exploration operations into the JVC. The JVC will (i) own, develop and operate Toukhmanuk and Getik, (ii) be a company listed on an exchange fully admitted to trading or be in the process of being listed on such exchange and (iii) have no liabilities, obligations, contingent or not, or commitments except pursuant to the shareholders agreement. The JVC will issue new shares to the Company such that following any reverse merger or initial public offering of JVC's shares ("IPO"), Global Gold shall directly or indirectly hold the greater of (a) 51% of the equity of JVC, or (b) $40.0 million in newly issued stock of JVC, calculated based on the volume weighted average price ("VWAP") of such shares over the first 30 (thirty) days of trading following the IPO, assuming issuance of all shares issuable in the IPO, and assuming issuance of all shares issuable as management shares and conversion of the Notes issued under the Instrument (as defined) and all other convertible securities and exercise of any warrants or other securities issued in connection with the IPO, such that if following any reverse merger or IPO, the value of $40.0 million in newly issued shares based on VWAP of JVC shares is greater than the Global Gold's 51% equity ownership in JVC valued as above, new shares in JVC will be issued to the Global Gold such that the aggregate value of Global Gold's ownership in JVC is shares having a value of $40.0 million based on VWAP, and the Company shall remain in control of the JVC following the public listing. On February 6, 2012, the Company received consent from shareholders representing a majority over 65% of its outstanding Common Stock to transfer the 100% interests in Mego and Getik Mining Company, LLC into GGCR Mining, LLC, a Delaware limited liability company, owned by a joint venture company, Global Gold Consolidated Resources Limited, a Jersey Island private limited company (“GGCR”), per the terms of the April 27, 2011 Joint Venture Agreement with Consolidated Resources Armenia, an exempt non-resident Cayman Islands company (“CRA“). The JVC was to issue new shares to the Company such that following any reverse merger or initial public offering of JVC's shares ("IPO"), Global Gold shall directly or indirectly hold the greater of (a) 51% of the equity of JVC, or (b) $40.0 million in newly issued stock of JVC, calculated based on the volume weighted average price ("VWAP") of such shares over the first 30 (thirty) days of trading following the IPO, assuming issuance of all shares issuable in the IPO, and assuming issuance of all shares issuable as management shares and conversion of the Notes issued under the Instrument (as defined) and all other convertible securities and exercise of any warrants or other securities issued in connection with the IPO, such that if following any reverse merger or IPO, the value of $40.0 million in newly issued shares based on VWAP of JVC shares is greater than the Global Gold's 51% equity ownership in JVC valued as above, new shares in JVC will be issued to the Global Gold such that the aggregate value of Global Gold's ownership in JVC is shares having a value of $40.0 million based on VWAP, and the Company shall remain in control of the JVC following the public listing, all as further described in exhibit 10.34 below. The Board of Directors of Global Gold Corporation previously approved the same transaction, discussed above, on January 5, 2012. Based on the approval of the Board of Directors of Global Gold received on January 5, 2012 and on receiving consent from its shareholders representing over a 65% majority of its outstanding Common Stock on February 6, 2012, to transfer the 100% interest in Mego and Getik Mining Company, LLC into GGCR Mining, LLC, a Delaware limited liability company (“GGCR Mining”), owned by a joint venture company, Global Gold Consolidated Resources Limited, a Jersey Island private limited company (“GGCR”), per the terms of the April 27, 2011 Joint Venture Agreement with Consolidated Resources Armenia, an exempt non-resident Cayman Islands company (“CRA”), the Company entered into the following agreements on or about February 19, 2012 updating previous agreements, all as further described in the exhibits attached, on the following dates: ● Shareholders Agreement for GGCR dated February 18, 2012 (Exhibit 10.36) ● Supplemental Letter dated February 19, 2012 (Exhibit 10.37) ● Getik Assignment and Assumption Agreement dated February 19, 2012 (Exhibit 10.38) ● MG Assignment and Assumption Agreement dated February 19, 2012 (Exhibit 10.39) ● Guaranty dated February 19, 2012 (by GGC to CRA) (Exhibit 10.40) ● Guaranty dated February 19, 2012 (by GGCR Mining to CRA) (Exhibit 10.41) ● Security Agreement dated February 19, 2012 (by GGCR and GGCR Mining to CRA) (Exhibit 10.42) ● Action by Written Consent of the Sole Member of GGCR Mining, LLC dated February 19, 2012 (Exhibit 10.43) ● Certificate of Global Gold Corporation dated February 19, 2012 (Exhibit 10.44) ● Global Gold Consolidated Resources Limited Registered Company No 109058 Written resolutions by all of the directors of the Company (Exhibit 10.45) ● Action by Written Consent of the Board of Managers of GGCR Mining, LLC (Exhibit 10.46) Key terms included that Global Gold will retain 51% of the shares of GGCR, which will be a subsidiary of the Company, per the terms of the April 27, 2011 Joint Venture Agreement as approved and described above. The Board of Directors of GGCR Mining would be comprised of Van Krikorian, from GGC, Premraj, from CRA, and three non-executive independent directors to be selected in the future. Pending the closing, if any, GGM was designated as the manager of the Toukhmanuk and Getik properties, with reasonable costs incurred by GGM with respect thereto being passed through to GGCRL and GGCR Mining, as applicable, for reimbursement. The April 26, 2012 deadline set in the April 2011 JV Agreement to close the transaction passed without a closing for several reasons, as previously reported, clarification and settlement efforts followed. On September 26, 2012, GGM entered into two Share Transfer Agreements with GGCR Mining covering the transfer of all the shares of the Armenian companies Mego and the Getik Mining Company, LLC which respectively hold the Toukhmanuk and Getik mining properties in Armenia. The Share Transfer Agreements were concluded in accordance with the previously disclosed agreements with Consolidated Resources Armenia and Consolidated Resources USA, LLC, a Delaware limited liability company to fund development and form a joint venture on the Company’s Toukhmanuk and Getik properties in Armenia. GGCR Mining will (i) own, develop and operate Toukhmanuk and Getik gold mining properties, and be a (ii) be a company listed on an exchange fully admitted to trading. As of September 19, 2012, GGCRL resolved reported outstanding issues which had blocked implementation of the joint venture agreement and execution of the Share Transfer Agreements. Global Gold’s ownership in GGCRL is and shall be the greater value of either 51% or the pro forma value of $40.0 million 30 days after the stock is publicly traded. The sole officers of GGCRL as of September 19, 2012 are: Mr. Van Krikorian, Executive Chairman; Mr. Jan Dulman, Financial Controller/CFO/Treasurer; and Mr. Ashot Boghossian Armenia Managing Director, with Ogier -Corporate Services (Jersey) Limited continuing as secretary of the Company. See attached Exhibits 10.58 and 10.59. On October 26, 2012, the shares of Mego and Getik were registered, subject to terms and conditions as stated in the transfer documents, with the State Registry of the Republic of Armenia, as being fully owned by GGCR Mining. The registration was completed after approval was given by ABB which required Global Gold to guaranty the ABB line of credit payable. CRA failed to meet the terms and conditions. The terms and conditions included, but were not limited to, (a) funding the one year budget, (b) funding the loan payments due to ABB bank in Armenia, (c) performance of employment agreements, (d) the plans for a public listing of the parent company of GGCR Mining (“GGCRL”) by June 30, 2013 (authorized as on the AIM exchange in London), (e) reimbursement of Global Gold Corporation for all payments made on behalf of GGCR Mining and related entities as well as payment of all accrued and unpaid obligations to contractors, auditors, counsel and CSA, and (f) that in connection with the public listing of GGCRL by June 30, 2013, GGCRL would issue to GGC additional shares in an amount equal to the greater of 51% of the issued and outstanding shares of the Company upon the financing or issuances of shares in a public listing or a reverse merger or additional shares and/or after distributing shares or options to employees or consultants, so together with shares currently owned by GGC, thirty days after public trading of shares, shall equal based upon the average weighted value thereof as defined in the JV Agreement the greater of 51% or the value of $40,000,000. The terms and conditions were signed by Caralapti Premraj who is the representative of Consolidated Resources. Consolidated Resources failed to meet each of the terms and conditions noted above. For example, As of September 30, 2013, the balance due on advances from Global Gold Corporation was $5,244,865 plus accrued interest of $164,224, none of which was paid. Global Gold had to cover the ABB payments, and there was obviously no public listing on AIM by June 30, 2013. Without waiving any of its rights, Global Gold allowed Consolidated Resouces to work to cure its failures in 2013 and on November 22, 2013 the parties signed an agreement with Signature Gold (also described in our SEC filings) in which Global Gold would have been paid and waived the multiple breaches by Consolidated Resources; however, Consolidated Resources frustrated the closing of that transaction and the audit of GGCRL. In addition, as described elsewhere in our SEC filings, the Company has discovered that Consolidated Resources engaged in a pattern of fraud. In addition to the multiple material breaches of terms and conditions outlined above, the fraudulent acts also vitiate Global Gold’s obligations to Consolidated Resources. In addition, Mr. Premraj abandoned his duties as a director of GGCRL by not engaging or communicating with GGCRL, GGCRM, or Global Gold in early 2014 when he refused to attend the directors and shareholders’ meetings to consider and approve the audit required by the November 2013 Signature Merger and Sale Agreement. As of April 11, 2015, ABB Bank has released all of its security interests in the Company’s properties in Armenia. As a result, Linne Mining has moved up to the priority position as a secured creditor. See Note 14 - Legal Proceedings, below. Rent Agreements On April 1, 2011, the Company moved its corporate headquarters from Greenwich, CT to 555 Theodore Fremd Avenue, Rye, NY 10580. The new lease was for five years and had annual costs of; $63,045 in year 1, $64,212 in year 2, $65,380 in year 3, $66,547 in year 4, and $67,715 in year 5. As of November 1, 2015, the Company moved its offices from Suite C-208 to Suite C-305 at the same 555 Theodore Fremd Avenue, Rye, NY building and extended its lease for five years commencing November 1, 2015, at a starting annual rent cost of $77,409, see exhibit 10.75. The following is a schedule by years of future minimum rental payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of June 30, 2016: Year ending December 31: 2016 – remaining period $ 38,705 2017 79,538 2018 81,924 2019 84,381 2020 and thereafter 94,172 Total $ 378,720

Note 14 - Legal Proceedings

Note 14 - Legal Proceedings	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	14. LEGAL PROCEEDINGS CRA Related On January 6, 2014, the Company received notice from Mr. Borkowski that the amount due to CRA in accordance with the Convertible Notes was $2,197,453 plus interest $933,942 at 15% neither of which the Company believes is valid and is only carrying the $1,500,000 in Notes plus the $394,244 of Advances payable. The January 6, 2014 notice from Mr. Borkowski acknowledges that amounts above $1,500,000 are “uncertificated.” No Company approval or adequate substantiation for crediting the difference of $1,894,244 and $2,197,453 as amount due under the Convertible Notes or as Advances has been provided. The Company and GGC have also raised fraud issues with CR which have not been resolved; if unresolved, the fraud issues would vitiate CR’s rights and create liabilities. A draft audit report was prepared, but both CRA and its director Mr. Premraj each failed to attend two shareholder and board meetings to consider the draft report. The February 27, 2014 shareholder and board meetings were adjourned in accordance with the Articles and when the shareholder meeting reconvened on March 7, 2014 the Company voted its majority shares to approve the draft audit report. On March 10, 2014, Mr. Borkowski purportedly on behalf of CRA received an “Order of Justice” and injunction from the Royal Court of Jersey against GGCRL, the Executive Chairman of GGCRL and the Company enjoining it from certain activities. The order was applied for and received on an ex parte basis without giving any of the defendants notice or opportunity to be heard and based on incomplete and fraudulent representations. Neither Mr. Premraj who was consistently represented as the owner of CRA or Mr. Marvin who signed every agreement on behalf of CRA submitted a sworn statement in support of CRA or Mr. Borkowski so there are additional concerns about fraud and misrepresentation as well as counterparty risk. GGCRL matters are subject to a broad arbitration agreement, and the Company has triggered the dispute resolution provisions of the 2011 JVA as well as subsequent arbitration agreements, and the arbitration agreement has been upheld by the Jersey courts. The Jersey legal action is considered to be a bad faith tactic, not based in law or fact, and designed only to extract extra legal advantages against the Company. On April 2, 2014, the aspects of the ex parte injunction affecting operations were lifted. The Company is still considering its legal options with respect to CRA as well as the individuals who have misled the Company, frustrated the GGCRL joint venture as well as the November 2013 merger agreement with Signature, and breached the relevant agreements. The Company is also aware that Mr. Borkowski has attempted to buy the Mego Gold ABB loan from the ABB bank (since repaid in full), has materially interfered in the Company’s contractual and business affairs and is cooperating with Mr. Mavridis and Caldera Resources in issuing defamatory material on the internet and elsewhere against the Company and its principals. The Company has also received registry documents showing that in 2012 Mr. Borkowski established a company with Caldera's representative to Armenia named the "Aparan Mining Company." The Company has also received additional information on Mr. Borkowski’s activities relative to damaging the Company and attempting to misappropriate its assets in Armenia. In the Jersey legal action, Mr. Borkowski attempted to obtain judgment on the Convertible Notes claim for CRA, but the court denied that attempt and held the issue over in a judgment dated June 18, 2014; the court awarded the Company its costs in defending the attempt by Mr. Borkowski purportedly on behalf of CRA. On March 26, 2015, the Court of Appeals of the Island of Jersey ruled in the Company’s favor in staying all proceedings and referring the claims initiated by Joseph Borkowski, purportedly on behalf of CRA to the contracted dispute resolution procedures in New York City. On the same day, the Court of Appeals also granted the Company its costs and fees for the entire proceedings with CRA. Approximately $50,000 has already been awarded to the Company against CRA (but not paid) with an application for an additional $230,000 based on the Court of Appeals award pending. On April 22, 2015, the Victoria Legal Services Commission in Australia found that the attorney Mr. Premraj chose to represent GGCRL in the Signature Gold transaction, Charles Wantrup, who acted to the detriment of the Company, engaged in “unsatisfactory professional conduct.” On May 27, 2015, the Court of Appeals of the Island of Jersey again ruled in the Company’s favor refusing CRA’s request for leave to appeal to the Queen’s Privy Council. CRA requested the Queen’s Privy Council for leave to appeal which was granted. On July 20, 2015, in accordance with the CRA Agreements and the Jersey Court of Appeals decisions, the Company instituted a mediation process with CRA at the American Arbitration Association in New York City. In a further material breach of the CRA Agreements, CRA refused to participate in the mediation. At the same time, On November 18, 2015, the Royal Court of Jersey ruled in favor of GGCRL, the Company, and Mr. Krikorian in lifting all remnants of the injunction issued in 2014 which was not appealed, see exhibit 10.76 below. The Company has been awarded its costs and attorney fees, which it is pursuing. CRA has not complied with the agreed dispute resolution provisions to commence in New York, despite the Company’s initiation of the agreed mediation clause. The Company has reengaged in settlement discussions to resolve disputes with the beneficial owner of CRA, Caralapti (Prem) Premraj and Jeffrey Marvin, who signed all of the relevant contracts with the Company on behalf of CRA. Amarant and Alluvia Related On August 6, 2013, the American Arbitration Association International Centre for Dispute Resolution issued a Partial Final Award in favor of the Company for $2,512,312 as a liquidated principal debt plus 12% interest and excluding any additional damages, attorney fees, or costs which will be discussed at a later time. Additionally, the American Arbitration Association enjoined Amarant and Alluvia from assigning or alienating any assets or performing or entering transactions which would have the effect of alienating its respective assets pending payment of $2,512,312 to Global Gold. Amarant and Alluvia have not complied with the arbitral award to pay, produce records, or, apparently, enter transactions pending payment in full to Global Gold. Subsequent to the arbitral award, Amarant and Alluvia announced on the Amarant website in 2013 that “[t]he companies have reached an agreement with a UAE based consortium to sell material parts of their assets. The deal was signed on the 30th September in London and consists of three parts. The first stage consists of the sales of the shares in Mineral Invest and Alluvia that are pledged as security for various bridge financing solutions and short term financing. In a second stage the consortium will provide the operational companies MII and Alluvia with necessary funding to start the operations and settle off short term debts and obligations in Alluvia and Mineral Invest including, but not limited to, legal fees to the SOVR law firm, license fees, funds owed to Global Gold related to the purchase of the Valdevia, Chile property and remaining payments against NSR commitments in connection with the Huakan deal. The first two stages are expected to be completed by the end of 2013.” Global Gold was contacted by Mr. Ulander and separately by the former Chairman of Alluvia, Mr. Thomas Dalton, as the representative of the consortium, Gulf Resource Capital, referenced in the Amarant/Alluvia announcement to settle the arbitration award and despite the expectation of payments, no payments were made by December 31, 2013 and the parties have not reached a definitive agreement. There can be no assurance that Gulf Resource Capital will pay on behalf of Amarant and Alluvia, Global Gold will continue to seek enforcement of the arbitral award to the full extent as well as pursue its claims of additional damages in the ongoing arbitration. On June 26, 2014, the International Center for Dispute Resolution International Arbitration Tribunal delivered a Final Award in the matter of Global Gold Corporation vs. Amarant Mining LTD and Alluvia Mining, Ltd. awarding Global Gold $16,800,000 USD plus $68,570.25 USD in interest, costs, and fess, with post-award interest on unpaid amounts accruing at 9%. In addition, the Tribunal provided the following injunctive relief: “ Per my previous orders in this matter, each of Amarant and Alluvia, including its officers and agents individually (including without limitation Johan Ulander), is continued to be enjoined, directly and indirectly, from alienating any assets, from transferring or consenting to the transfer of any shares, or performing or entering any transactions which would have the effect of alienating assets pending payment to Global Gold; each of Amarant and Alluvia, including its officers and agents (including without limitation Johan Ulander) will provide within 5 business days all contracts, draft agreements, emails, records of financial transactions, financial statements, and all other documents in connection with their business affairs for purposes of determining whether Respondents have complied with the July 29, 2013 and subsequent orders, have diverted funds which could have been used to pay Global Gold, and to aid Global Gold in collection. Respondents shall specifically provide of all documents related to Gulf Resource Capital, Amarant Finance, the IGE Resources stock sale and related transactions as well as documents related to the institutions from which Respondents have represented payment would issue including but not limited to: Mangold, Swedebank, Jool Capital, Skandinavska Bank, Credit Suisse, HSBC, Volksbank, Loyal Bank, Danskebank, NSBO, the “offtaker,” and Clifford Chance escrow account. Respondents shall execute any documents reasonably necessary or required by any institution to give Claimant access to this information and documents” all as more particularly set out in Exhibit 10.68. On September 10, 2015, the Company notified Intacta Kapital AB of Stockholm of its continuing obligation to pay Global Gold on the Contender guaranty of the Amarant group. The Company is actively pursuing worldwide enforcement of the monetary award and injunctive relief granted as well as payment on the Intacta/Contender guaranty. Hankavan Related In 2006, GGH, which was the license holder for the Hankavan and Marjan properties, was the subject of corrupt and improper demands and threats from the now former Minister of the Ministry of Environment and Natural Resources of Armenia, Vardan Ayvazian. The Company reported this situation to the appropriate authorities in Armenia and in the United States. Although the Minister took the position that the licenses at Hankavan and Marjan were terminated, other Armenian governmental officials assured the Company to the contrary and Armenian public records confirmed the continuing validity of the licenses. The Company received independent legal opinions that all of its licenses were valid and remained in full force and effect, continued to work at those properties, and engaged international and local counsel to pursue prosecution of the illegal and corrupt practices directed against the subsidiary, including international arbitration. On November 7, 2006, the Company initiated the thirty-day good faith negotiating period (which is a prerequisite to filing for international arbitration under the 2003 SHA, LLC Share Purchase Agreement) with the three named shareholders and one previously undisclosed principal, Mr. Ayvazian. The Company filed for arbitration under the rules under the International Chamber of Commerce, headquartered in Paris, France ("ICC"), on December 29, 2006. On September 25, 2008, the Federal District Court for the Southern District of New York ruled that Mr. Ayvazian was required to appear as a respondent in the ICC arbitration. On September 5, 2008, the ICC International Court of Arbitration ruled that Mr. Ayvazian shall be a party in accordance with the decision rendered on September 25, 2008 by the Federal District Court for the Southern District of New York. Subsequently, in December 2011 the ICC Tribunal decided to proceed only with the three named shareholders; in March 2012, GGM filed an action in Federal District Court pursuant to that Court’s decisions for damages against Ayvazian and/or to conform the ICC Tribunal to the precedents, and on July 11, 2012 the Federal Court entered judgment in favor of the Company, which was not appealed. Based on the evidence of the damages suffered as a result of Ayvazyan’s actions, the final $37,537,978.02 federal court judgment in favor of GGM is comprised of $27,152,244.50 in compensatory damages plus $10,385,734.52 of interest at 9% from 2008. On September 6, 2012, the United States Marshal Service for the Southern District of New York filed for service a Writ of Execution to be enforced against Mr. Vardan Ayvazyan in favor of GGM. The Writ of Execution was issued by the United States District Court for the Southern District of New York following the order and judgment of Judge J. Paul Oetken and final entry of that judgment (No. 12,1260). The terms of the Writ of Execution and the Thirty Seven Million Five Hundred Thirty Seven Thousand Nine Hundred Seventy Eight dollars and Two cents ($37,537,978.02) amount of the judgment in favor of GGM are more particularly described in Exhibit 10.56 below. On November 21, 2013, the Company received from its attorneys the “without prejudice” ruling of the Judge J. Paul Oetken of United States District Court for the Southern District of New York which vacated the $37.5 million default judgment which the Company had obtained against former Armenian Minister of Environment Vartan Ayvazian solely on jurisdictional grounds. The ruling is expressly “without prejudice” to Global Gold’s right to re-file or continue to pursue the case. The court did not rule on the corruption charges or damage amount caused by Ayvazian’s actions, basing its findings on Ayvazian’s general insufficient contacts with New York. One of the shareholders of the Armenian party to the agreement under which the Company brought suit against Ayvazian identified him as the undisclosed principal who controlled the transaction and divided the funds paid by Global Gold. The November 21, 2013 court ruling also did not address those facts. This ruling has no effect on the Company’s financial statements as this judgment was never recorded on the Company’s books. The United States Court of Appeals for the Second Circuit in New York subsequently confirmed the dismissal “without prejudice” to the Company, and the Company continues to consider its options. Based on the US Armenia Bilateral Investment Treaty, GGM filed a request for arbitration against the Republic of Armenia for the actions of the former Minister of Environment and Natural Resources with the International Centre for Settlement of Investment Disputes, which is a component agency of the World Bank in Washington, D.C. ("ICSID"), on January 29, 2007. On August 31, 2007, the Government of Armenia and GGM jointly issued the following statement, "[they] jointly announce that they have suspended the ICSID arbitration pending conclusion of a detailed settlement agreement. The parties have reached a confidential agreement in principle, and anticipate that the final settlement agreement will be reached within 10 days of this announcement." The Company has learned from public records that GeoProMining Ltd., through an affiliate, has become the sole shareholder of an Armenian Company, Golden Ore, LLC, which was granted a license for Hankavan. GeoProMining Ltd. is subject to the 20% obligations as successor to Sterlite Resources, Ltd. As of February 25, 2008, GGM entered into a conditional, confidential settlement agreement with the Government of the Republic of Armenia to discontinue the ICSID arbitration proceedings, which were discontinued as of May 2, 2008. This agreement did not affect the ICC arbitration or litigation involving similar subject matter. Marjan Related Based on a false representation by Caldera, on June 17, 2010, Global Gold Corporation and its subsidiary, GGM, LLC (collectively “Global”) and Caldera Resources, Inc. (“Caldera”) announced TSX-V approval of their March 24, 2010 joint venture agreement to explore and bring the Marjan property into commercial production. As previously reported, the property is held with a twenty-five year “special mining license,” effective April 22, 2008, and expiring April 22, 2033, which expanded the prior license term and substantially increased the license area. The license required payments of annual governmental fees and the performance of work at the property as submitted and approved in the mining plan, which includes mining of 50,000 tonnes of mineralized rock per year, as well as exploration work to have additional reserves approved under Armenian Law in order to maintain the licenses in good standing. Caldera advised Global as well as governmental authorities that it would not be complying with the work requirements which prompted 90 day termination notices from the government and the October 7, 2010 joint venture termination notice from Global, which Global had agreed to keep the termination notice confidential until October 15, 2010. The joint venture agreement provided that Caldera would be solely responsible for license compliance and conducting the approved mining plan, and that “[i]n the event that Caldera does not, or is otherwise unable to, pursue this project and pay to Global Gold the amounts provided for hereunder, Caldera’s rights to the Property and the shares of Marjan-Caldera Mining LLC shall be forfeited and replaced by a Net Smelter Royalty (the “NSR”).” Caldera did not meet the threshold to earn any NSR under the agreement, and its notice of license non-compliance as well as its failure to pay resulted in an automatic termination of its rights by operation of the agreement. The agreement provided that Caldera would deliver 500,000 of its shares to Global, “subject to final approvals of this agreement by the TSX Venture Exchange.” Caldera advised that the TSX Venture Exchange approval was issued in June 2010 and Caldera failed to deliver the shares. Subject to a 30 day extension if it could not raise the funds in capital markets, Caldera agreed to make a $300,000 payment to the Company on September 30, 2010 and December 31, 2010; $250,000 on March 30, 2011, September 30, 2011, September 30, 2011, December 30, 2011, March 30, 2012, September 30, 2012, and September 30, 2012; and $500,000 on December 31, 2012. Caldera raised sufficient funds, but did not make these payments. The agreement was subject to approval by the TSX Venture Exchange and the Board of Directors of the respective companies. Caldera further informed the Company that it received TSX Venture Exchange approval on the transaction, which subsequently proved to be untrue. On October 7, 2010, the Company terminated the Marjan JV for Caldera’s non-payment and non-performance as well as Caldera’s illegal registrations in Armenia and other actions. In October 2010, Caldera filed for arbitration in New York City. In September 2010, at Caldera’s invitation, the Company filed to reverse the illegal registration in Armenia. That litigation and the New York arbitration were subsequently resolved in favor of the Company, restoring the Company’s 100% ownership of Marjan. In a final, non-appealable decision issued and effective February 8, 2012, the Armenian Court of Cassation affirmed the July 29, 2011 Armenian trial court and December 12, 2012 Court of Appeals decisions which ruled that Caldera's registration and assumption of control through unilateral charter changes of the Marjan Mine and Marjan Mining Company, LLC were illegal and that ownership rests fully with GGM. The official versions of the Armenian Court decisions are available through http://www.datalex.am / On March 29, 2012, in the independent New York City arbitration case Global Gold received a favorable ruling in its arbitration proceeding in New York with Caldera which is available on the Company's website, see Exhibit 10.48. The arbitrator issued a Partial Final Award which orders the Marjan Property in Armenia to revert to GGM based on the two failures to meet conditions precedent to the March 24, 2010 agreement. First, Caldera failed and refused to deliver the 500,000 shares to Global. Second, Caldera did not submit the final joint venture agreement to the TSX-V for approval until the middle of the arbitration proceedings, instead relying on superseded versions in its regulatory submissions and submitting “Form 5Cs” to the TSX-V which were false representations of Caldera’s obligations to Global. The Partial Award states “By misrepresenting its payment obligations to the TSX-V, Caldera painted a false financial picture to the TSX-V and the investing public.” In addition, the arbitrator found that had he not come to the conclusions above, “Caldera and its officers effectively breached the JV Agreement and the terms of the Limited Liability Agreement” in multiple ways, including Caldera’s failure to make quarterly payments to Global. The Partial Award orders reversion of the Marjan property to Global, return of amounts paid to Global by Caldera returned as the JV Agreement did not go into effect, an Net Smelter Royalty to Caldera of 0.5% for each tranche of $1 million actually spent on the property, and further proceedings on Global’s claims for damages with additional hearings currently set to begin July 11, 2012. As previously reported, Global’s records establish that Caldera did not spend $1 million on the Marjan property. Additionally, tax returns filed by Caldera in Armenia report less than $400,000 spent on the property. The parties' arbitration agreement further provides that the award “shall be final and non-appealable” and for the award of attorney fees, arbitrator’s fees, and other costs. In accordance with the Arbitrator's order and the JV agreement, Global Gold has filed to confirm the Partial Final Award in Federal Court. Caldera is opposing the confirmation. The amounts paid to Global by Caldera total $150,000 and is included in the Company’s accounts payable, although they are disputed and offset by damages and other amounts due by Caldera to the Company. In an Opinion and Order signed on April 15, 2013 and released on April 17, 2013, U.S. Federal Judge Kenneth M. Karas of the Southern District of New York confirmed the March 29, 2012 American Arbitration Association arbitration award issued by retired Justice Herman Cahn which, among other things, stated that “[t]he property should revert to [Global Gold] within thirty (30) days from the date [of the arbitration award – by April 29, 2012]. Obviously, [Global Gold] may cause the appropriate governmental bodies in Armenia to register the property in [Global Gold’s] name.” All as further described in the exhibit 10.61 below. The Company has reestablished control of Marjan Mining Company which is the license holder of the Marjan property. A new mining license, valid until April 22, 2033, has been issued to the Company. The Company's control has not been established over certain property, records, financial and tax information, or other assets maintained by Caldera such as warehouse and drill core as Caldera has failed to turn over such property despite being ordered to do so. The Company is proceeding with plans to mine in compliance with the mining license, and implement additional exploration to the best of its ability. The Company is also taking legal action to protect its rights in an adjacent territory indentified as “Marjan West” for which Caldera has publicly claimed to have a license but according to public, on-line government records, the company holding the license is 100% owned by another person. Caldera has also publicly claimed that it continues to have rights to the Marjan property based on the parties’ December 2009 agreement, but that agreement to agree was merged into the March 2010 agreement, called for completion of payments by Caldera by the end of 2012, and included other terms which Caldera cannot meet. Caldera’s attempt to raise this issue in the arbitral proceedings following the March 29, 2012 decision in Global Gold’s favor has not succeeded. Caldera and its officers and agents have also continued a defamatory campaign of harassment and filing of false claims over the internet and elsewhere against the Company and its officials which may be pursued during the damages phase of the arbitration. On November 10, 2014, the International Centre for Dispute Resolution Final Award, with retired Justice Herman Cahn as the sole arbitrator, ruled in favor of Global Gold on damages and a range of other outstanding issues to finally resolve all outstanding issues. The total damage award is $10,844,413 with interest at 9% and penalties continuing to accrue if Caldera does not comply with the equitable relief granted. Of the total damage award, $3 million is compensation and $1 million is punitive damages for the defamatory publications by Caldera's principal Vasilios Bill Mavridis against Global Gold and its principals. This Final Award terminates the arbitration proceedings which Caldera instituted against Global Gold in 2010. Global Gold prevailed in the first, liability phase of the arbitration and four prior court cases, as summarized and reported in April 2013. A full copy of the 42 page Final Award as well as the other rulings is available at the Global Gold website: www.globalgoldcorp.com. Previous rulings in this matter included that Montreal based Caldera Resources, led by the brothers John Mavridis and Bill Mavridis, failed to make agreed payments to Global Gold despite having raised almost $5 million, failed to issue stock due, misrepresented the approval of the Toronto Stock Exchange of the parties' contract, and otherwise breached the joint venture agreement. Caldera through its Biomine, LLC subsidiary also acquired a "Marjan West" license area which it claimed was adjacent to Marjan but in fact overlapped with Marjan. Armenian Courts at three levels found that Caldera had deceptively and illegally registered full control over the Marjan Mining Company to itself without the signatures or authorization of Global Gold, and a U.S. Federal Court confirmed the phase 1 arbitration findings while rejecting Caldera's arguments to vacate the award. The November 10, 2014 Final Award resolved all other outstanding issues with the following specific findings and rulings requiring Caldera to: 1. turn over to Global Gold at its offices in Rye, New York all books, records, contracts, communications, and property related in any way to the Marjan property in Armenia and the Marjan Mining Company, including specifically the Armenian Marjan Mining Company seal, and shall pay Global Gold $50,000 plus $250 per day for every day following issuance of this Final Award that such materials are not delivered; 2. turn over to Global Gold at its offices in Rye, New York communications Caldera and/or Mr. Mavridis has had with third parties concerning Global Gold its officers, agents, directors and business…Without limitation, the following shall also be turned over to Global Gold: all direct and indirect (for example through a translator or agent) communications with the following individuals and organizations: Azat Vartanian, Petros Vartanian, …, Joseph Borkowski, Jeffrey Marvin,… Prem Premraj…, Rasia FZE, Johan Ulander, Ecolur,… Tom Prutzman, …, Stockhouse, Investor's Hub, shareholders of Global Gold, and any governmental or regulatory authorities-- Caldera shall pay Global Gold $100 per day for every day following issuance of this Final Award that such materials are not delivered; 3. issue a press release correcting the April 30, 2013 Caldera release …stating that the original release is retracted with all property books and records (including all exploration data) related to the Marjan property transferred to Global Gold and that neither Caldera nor its successors retain rights to the Marjan mine in Armenia and shall pay Global Gold $50,000 plus $100 per day for every day following issuance of this Final Award that such correcting release is not issued; 4. Caldera did not spend the minimum $1 million threshold necessary to be eligible for an NSR Royalty interest and therefore Caldera has no NSR Royalty or any other interest in the Marjan property; 5. the $150,000 which Caldera paid to Global Gold was not pursuant to the JV Agreement (which did not become effective) but pursuant to the December 2009 Agreement therefore Global Gold is not obligated to make any payments to Caldera; 6. pay Global Gold $115,000 for Caldera's refusal to turn over 500,000 shares of stock in 2010; 7. pay Global Gold $3,174,209 for Caldera's failure to make agreed payments to Global Gold; 8. pay Global Gold $577,174 for legacy governmental liabilities concerning the Marjan property and shall indemnify and hold Global Gold harmless (including attorney fees) from any governmental claims or liabilities associated with the time they control the seal of the Marjan Mining Company; 9. pay Global Gold $967,345 for violating Paragraph (1) of the Final Partial Award requiring turnover of property and [for] interference in Global Gold's development of Marjan and shall relinquish the portions of the Marjan West license which overlap or in any way impinge on Marjan; 10. Caldera is liable for defamation and tortious interference with contractual and business relations with regard to Global Gold and its related personnel and so shall (i) pay Global Gold $3 million in compensatory damages…, (ii) pay Global Gold $1 million in punitive or exemplary damages…, (iii) remove all the materials and websites controlled in any way by them which were admitted as exhibits on defamatory publications in this case from the internet and other locations, (iv) remove and be permanently enjoined from using Global Gold's trading symbol without permission; (v) not share those materials with others or arrange to have them posted anonymously or otherwise- (vi) independently, … Global Gold and those who have been named by Caldera and Bill Mavridis in the admitted exhibits on defamatory publications as well as their attorneys [are granted] the authority to contact internet service providers, search engine firms, social media sites, stock discussion boards (including but not limited to Google, Yahoo, Facebook, Twitter, Stockhouse, Investor's Hub and Bing) to use this Final Award to remove the material as defamatory; 11. for the breaches of the Confidentiality Stipulations and Orders in this case, …all publications of "confidential" or attorney eyes only material [shall] be removed from the internet and any other locations and that their substance not be republished and …Global Gold and its attorneys [are granted] the authority to contact internet service providers, search engine firms, social media sites, stock discussions board (including but not limited to Google, Yahoo, Facebook, Twitter, Stockhouse, Investor's Hub and Bing) to use this Final Award to remove the material-- Caldera shall pay Global Gold for $100 per day every day that persons associated with Caldera remain in violation of the Confidentiality Stipulation and Order following the issuance of this Final Award including for each day until full disclosure of all emails and other communications with third parties that the information was shared with or discussed; 12. pay $1,822,416 for attorney fees and costs; 13. reimburse Global Gold $88,269 paid to the arbitration association and for the compensation and expenses of the arbitrator. The Final Award was certified for purposes of Article I of the United Nations New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards and for purposes of the Federal Arbitration Act. The Company is actively pursuing enforcement of the monetary damages and injunctive relief granted. Armenian Tax Authority Related On January 12, 2012, the Armenian Court of Cassation confirmed prior trial and appellate court rulings rejecting a proposed tax assessment against the Company’s Mego-Gold subsidiary by the Armenian State Revenue Agency related to an incorrect claim concerning gold

Note 15 - Subsequent Events

Note 15 - Subsequent Events	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Subsequent Events [Text Block]	15. SUBSEQUENT EVENTS In accordance with ASC 855, “Subsequent Events,” the Company evaluated subsequent events after the balance sheet date of June 30, 2016 through the date of the unaudited condensed consolidated financial statements were available to be issued. The Company is continuing in settlement discussions to resolve disputes with the beneficial owner of CRA, Caralapti (Prem) Premraj and Jeffrey Marvin, who signed all of the relevant contracts with the Company on behalf of CRA. Effective September 7, 2016, the Company through its Marjan Mining Company subsidiary and the Armenian Government through its Ministry of Energy and Natural Resources concluded amendments to the Marjan mining agreement which among other things provides that the Company: (1) has 3 years from September 1, 2016 to build the approved tailings dam and plant; (2) has 3.4 years following the completion of the tailings dam and plant to mine 160,000 tonnes of ore from the Marjan mine, pursuant to the approved mining plan; (3) has 12 months to prepare and file for a report for recalculation of existing Marjan reserves, based on exploration results; and (4) has 12 months following the approval by the State Committee on Natural Resources’ approval (which must be issued within 12 months of the Company’s recalculation) to prepare and file an updated and mining plan, all as more particularly described in Exhibit 10.78. Any delays the government takes that shall extend the relevant terms. This amendment also resolves the overlapping license issue caused by Caldera Resources and its Biomine subsidiary which was determined in the Company’s favor by the New York ICDR arbitral award. Please see our “Cautionary Note to U.S. Investors” on our website and Form 10-K with regard to the SEC and other standards for the term “reserve.” On September 13, 2016, the United Kingdom “Judicial Committee of the Privy Council” (“JCPC”) issued an order and opinion finally dismissing the action which Joseph Borkowski filed and pursued purportedly on behalf of CRA in Island of Jersey against GGCRL, the Company, and Van Krikorian. (JCPC # 2015/0075). The JCPC dismissed the Borkowski/CRA action with prejudice and like the lower courts granted the Company and Mr. Krikorian their costs and legal fees. This fully terminates the Jersey litigation in favor of the Company and Mr. Krikorian except for the calculation and collection of costs and legal fees.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents - Cash and cash equivalents consist of all cash balances and highly liquid investments with a remaining maturity of three months or less when purchased and are carried at fair value.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates are assumptions about useful life of property and equipment, inventory valuation, stock based compensation and deferred income tax asset valuation allowances.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments - The Company adopted FASB ASC 820-Fair Value Measurements and Disclosures, 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 require 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 did not have any Level 2 or Level 3 assets or liabilities as of June 30, 2016 and December 31, 2015. The Company discloses the estimated fair values for all financial instruments for which it is practicable to estimate fair value. As of June 30, 2016 and December 31, 2015, the fair value short-term financial instruments including cash, receivables, and accounts payable and accrued expenses, approximates book value due to their short-term duration. Cash and cash equivalents include money market securities and commercial paper that are considered to be highly liquid and easily tradable. These securities are valued using inputs observable in active markets for identical securities and are therefore classified as Level 1 within the fair value hierarchy. In addition, the Financial Accounting Standards Board (“FASB”) issued, “The Fair Value Option for Financial Assets and Financial Liabilities,” effective for January 1, 2008. This guidance expands opportunities to use fair value measurements in financial reporting and permits entities to choose to measure many financial instruments and certain other items at fair value. The Company did not elect the fair value option for any of its qualifying financial instruments.
Inventory, Policy [Policy Text Block]	Inventories - Inventories consists of the following at June 30, 2016 and December 31, 2015: June 30, December 31, 2016 2015 Ore $ 451,569 $ 451,569 Concentrate 11,342 11,342 Materials, supplies and other 154,965 152,588 Total Inventories $ 617,876 $ 615,499 Ore inventory consists of unprocessed ore at the Toukhmanuk mining site in Armenia. The concentrate and unprocessed ore are stated at the lower of cost or market. The Company is currently reporting its inventory at cost which is still less than the current market value so recent fluctuations in gold prices have no effect on our carrying value of inventory. The Ore inventory is pledged as collateral for the mine owner’s debt facility and secured line of credit.
Deposit Contracts, Policy [Policy Text Block]	Deposits on Contracts and Equipment - The Company made several deposits for purchases, the majority of which is for the potential acquisition of new properties, and the remainder for the purchase of mining equipment. The Company carried Deposits on contracts and equipment as of June 30, 2016 and December 31, 2015 was $430,260, and $452,827, respectively.
Tax Refunds [Policy Text Block]	Tax Refunds Receivable - The Company is subject to Value Added Tax ("VAT tax") on all expenditures in Armenia at the rate of 20%. The Company is entitled to a credit against this tax towards any sales on which it collects VAT tax. The Company is carrying a tax refund receivable based on the value of its in-process inventory which it intends on selling in the next twelve months, at which time they will collect 20% VAT tax from the purchaser which the Company will be entitled to keep and apply against its credit.
Earnings Per Share, Policy [Policy Text Block]	Net Loss Per Share - Basic net loss per share is based on the weighted average number of common shares outstanding. Potential common shares includable in the computation of fully diluted per share results are not presented in the consolidated financial statements as their effect would be anti-dilutive. There were no options that were exercisable at June 30, 2016 and as of June 30, 2015 the total number of options that were exercisable was 2,954,167. There were no warrants outstanding at June 30, 2016 and 2015.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock Based Compensation - The Company periodically issues shares of common stock for services rendered or for financing costs. Such shares are valued based on the market price on the transaction date. The Company periodically issues stock options and warrants to employees and non-employees in non-capital raising transactions for services and for financing costs. The Company accounts for the grant of stock and warrants awards in accordance with ASC Topic 718, Compensation – Stock Compensation (ASC 718). ASC 718 requires companies to recognize in the statement of operations the grant-date fair value of warrants and stock options and other equity based compensation. The Black-Scholes option valuation model was developed for use in estimating the fair value of traded options that have no vesting restrictions and are fully transferable. In addition, option valuation models require the input of highly subjective assumptions including the expected stock price volatility. For the six months ended June 30, 2016 and 2015, net loss and loss per share include the actual deduction for stock-based compensation expense. The total stock-based compensation expense for the six months ended June 30, 2016 and 2015 was $30,787 and $58,288, respectively and for the three months ended June 30, 2016 and 2015 was $28,756 and $31,944, respectively. The expense for stock-based compensation is a non-cash expense item.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income - The Company has adopted ASC Topic 220, “Comprehensive Income.” Comprehensive income is comprised of net income (loss) and all changes to stockholders' equity (deficit), except those related to investments by stockholders, changes in paid-in capital and distribution to owners. The following table summarizes the computations reconciling net loss applicable to Global Gold Corporation Common Shareholders to comprehensive loss for the six months ended June 30, 2016 and 2015. Six Months Ending June 30, 2016 2015 Net loss applicable to Global Gold Corporation Shareholders $ (691,489 ) $ (811,915 ) Foreign currency translation adjustment $ 31,692 $ (15,389 ) Comprehensive loss $ (659,797 ) $ (827,304 )
Income Tax, Policy [Policy Text Block]	Income Taxes - Income taxes are accounted for in accordance with the provisions of FASB ASC 740, Accounting for Income Taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized.
Research and Development Expense, Policy [Policy Text Block]	Acquisition, Exploration and Development Costs - Mineral property acquisition costs are capitalized. Additionally, mine development costs incurred either to develop new ore deposits and constructing new facilities are capitalized until operations commence. All such capitalized costs are amortized using a straight-line basis on a range from 1-10 years, based on the minimum original license term at acquisition, but do not exceed the useful life of the capitalized costs. Upon commercial development of an ore body, the applicable capitalized costs would then be amortized using the units-of-production method. Exploration costs, costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. Costs of abandoned projects are charged to operations upon abandonment. The Company evaluates, at least quarterly, the carrying value of capitalized mining costs and related property, plant and equipment costs, if any, to determine if these costs are in excess of their net realizable value and if a permanent impairment needs to be recorded. The periodic evaluation of carrying value of capitalized costs and any related property, plant and equipment costs are based upon expected cash flows and/or estimated salvage value in accordance with ASC Topic 360, "Accounting for the Impairment or Disposal of Long-Lived Assets."
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation - The Company’s reporting currency is the U.S. Dollar. All transactions initiated in foreign currencies are translated into U.S. dollars in accordance with ASC Topic 830 “Foreign Currency Matters” and the related rate fluctuation on transactions is included the unaudited condensed consolidated statements of operations. The functional currency of the Company's Armenian subsidiaries is the local currency. For foreign operations with the local currency as the functional currency, assets and liabilities are translated from the local currencies into U.S. dollars at the exchange rate prevailing at the balance sheet date and equity is translated at historical rates. Revenues and expenses are translated at the average exchange rate for the period to approximate translation at the exchange rate prevailing at the dates those elements are recognized in the unaudited condensed consolidated financial statements. Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in determining comprehensive loss. As of June 30, 2016 and 2015, the exchange rate for the Armenian Dram (AMD) was 476 AMD and 473 AMD for $1.00 U.S.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation - Our unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, and include the accounts of the Company and more-than-50%-owned subsidiaries that it controls. Inter-company balances and transactions have been eliminated in consolidation.
Property, Plant and Equipment, Policy [Policy Text Block]	Depreciation, Depletion and Amortization - Capitalized costs are depreciated or depleted using the straight-line method over the shorter of estimated productive lives of such facilities or the useful life of the individual assets. Productive lives range from 1 to 20 years, but do not exceed the useful life of the individual asset. Determination of expected useful lives for amortization calculations are made on a property-by-property or asset-by-asset basis at least annually.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets - Management reviews and evaluates the net carrying value of all facilities, including idle facilities, for impairment at least annually, or upon the occurrence of other events or changes in circumstances that indicate that the related carrying amounts may not be recoverable. We estimate the net realizable value of each property based on the estimated undiscounted future cash flows that will be generated from operations at each property, the estimated salvage value of the surface plant and equipment and the value associated with property interests. All assets at an operating segment are evaluated together for purposes of estimating future cash flows.
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Licenses - Licenses are capitalized at cost and are amortized on a straight-line basis on a range from 1 to 10 years, but do not exceed the useful life of the individual license. The Company did not have any amortization expense during the three and six months ended June 30, 2016. During the three and six months ended June 30, 2015, amortization expense totaled $74,579 and $149,158, respectively.
Environmental Costs, Policy [Policy Text Block]	Reclamation and Remediation Costs (Asset Retirement Obligations) - Costs of future expenditures for environmental remediation are not discounted to their present value unless subject to a contractually obligated fixed payment schedule. Such costs are based on management's current estimate of amounts to be incurred when the remediation work is performed within current laws and regulations. The Company has paid towards it environmental costs and has no amounts owed as of June 30, 2016 and December 31, 2015. It is possible that, due to uncertainties associated with defining the nature and extent of environmental contamination and the application of laws and regulations by regulatory authorities and changes in reclamation or remediation technology, the ultimate cost of reclamation and remediation could change in the future.
Noncontrolling Interests [Policy Text Block]	Noncontrolling Interests - Noncontrolling interests in our subsidiaries are recorded in accordance with the provisions of ASC 810, “Consolidation” and are reported as a component of equity, separate from the parent company’s equity. Purchase or sale of equity interests that do not result in a change of control are accounted for as equity transactions. Results of operations attributable to the non-controlling interests are included in our consolidated results of operations and, upon loss of control, the interest sold, as well as interest retained, if any, will be reported at fair value with any gain or loss recognized in earnings.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition - Sales will be recognized and revenues will be recorded when title transfers and the rights and obligations of ownership pass to the customer. The majority of the company's metal concentrates will be sold under pricing arrangements where final prices will be determined by quoted market prices in a period subsequent to the date of sale. In these circumstances, revenues will be recorded at the times of sale based on forward prices for the expected date of the final settlement.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Standards: In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, which provides further guidance on identifying performance obligations and improves the operability and understandability of licensing implementation guidance. The effective date for ASU 2016-10 is the same as the effective date of ASU 2014-09 as amended by ASU 2015-14, for annual reporting periods beginning after December 15, 2017, including interim periods within those years. The Company has not yet determined the impact of ASU 2016-10 on its unaudited condensed consolidated financial statements. In May 2016, the FASB issued ASU No. 2016-12, “ Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients” In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation, or ASU No. 2016-09. The areas for simplification in this Update involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. For public entities, the amendments in this Update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted in any interim or annual period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. Amendments related to the timing of when excess tax benefits are recognized, minimum statutory withholding requirements, forfeitures, and intrinsic value should be applied using a modified retrospective transition method by means of a cumulative-effect adjustment to equity as of the beginning of the period in which the guidance is adopted. Amendments related to the presentation of employee taxes paid on the statement of cash flows when an employer withholds shares to meet the minimum statutory withholding requirement should be applied retrospectively. Amendments requiring recognition of excess tax benefits and tax deficiencies in the income statement and the practical expedient for estimating expected term should be applied prospectively. An entity may elect to apply the amendments related to the presentation of excess tax benefits on the statement of cash flows using either a prospective transition method or a retrospective transition method. We are currently evaluating the impact of adopting ASU No. 2016-09 on our unaudited condensed consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Topic 842 affects any entity that enters into a lease, with some specified scope exemptions. The guidance in this Update supersedes Topic 840, Leases. The core principle of Topic 842 is that a lessee should recognize the assets and liabilities that arise from leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For public companies, the amendments in this Update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. We are currently evaluating the impact of adopting ASU No. 2016-02 on our unaudited condensed consolidated financial statements. In January 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (ASU) 2016-01, which amends the guidance in U.S. GAAP on the classification and measurement of financial instruments. Changes to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the ASU clarifies guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The new standard is effective for fiscal years and interim periods beginning after December 15, 2017, and upon adoption, an entity should apply the amendments by means of a cumulative-effect adjustment to the balance sheet at the beginning of the first reporting period in which the guidance is effective. Early adoption is not permitted except for the provision to record fair value changes for financial liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income. Adoption of this new standard is not expected to have a material impact on the Company’s unaudited condensed consolidated financial statements. Management does not believe that any other recently issued, but not yet effective, accounting standards could have a material effect on the accompanying unaudited condensed consolidated financial statements. As new accounting pronouncements are issued, the Company will adopt those that are applicable under the circumstances. A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies. Due to the tentative and preliminary nature of those proposed standards, management has not determined whether implementation of such proposed standards would be material to our unaudited condensed consolidated financial statements.

Note 2 - Summary of Significa22

Note 2 - Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 30, December 31, 2016 2015 Ore $ 451,569 $ 451,569 Concentrate 11,342 11,342 Materials, supplies and other 154,965 152,588 Total Inventories $ 617,876 $ 615,499
Comprehensive Income (Loss) [Table Text Block]	Six Months Ending June 30, 2016 2015 Net loss applicable to Global Gold Corporation Shareholders $ (691,489 ) $ (811,915 ) Foreign currency translation adjustment $ 31,692 $ (15,389 ) Comprehensive loss $ (659,797 ) $ (827,304 )

Note 3 - Property, Plant and 23

Note 3 - Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Property, Plant and Equipment [Table Text Block]	June 30, 2016 December 31, 2015 Plant $ 569,420 $ 569,420 Construction in process 972,985 972,985 Machinery and equipment 2,518,841 2,466,183 Computer 116,071 116,071 Office equipment 20,739 20,739 Vehicles 163,899 163,899 Total $ 4,361,955 $ 4,309,297 Less accumulated depreciation (2,972,547 ) (2,878,063 ) $ 1,389,408 $ 1,431,234

Note 5 - Accounts Payable and24

Note 5 - Accounts Payable and Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	June 30, December 31, 2016 2015 Drilling work payable $ 146,830 $ 154,819 Accounts payable 4,618,769 4,518,386 Interest payable 1,839,639 1,548,548 $ 6,605,238 $ 6,221,753

Note 9 - Noncontrolling Inter25

Note 9 - Noncontrolling Interest in Joint Venture (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Change in NonControlling Interest [Table Text Block]	Balance, December 31, 2015 $ (3,828,559 ) Net loss attributable to the non-controlling interest (338,065 ) Foreign currency translation gain 30,449 Balance, June 30, 2016 $ (4,136,175 )

Note 10 - Segment Reporting b26

Note 10 - Segment Reporting by Geographic Area (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Long-lived Assets by Geographic Areas [Table Text Block]	June 30, December 31, 2016 2015 Armenia $ 2,556,175 $ 2,596,427 United States 20,720 27,685 $ 2,576,895 $ 2,624,112
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]	Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 Three Months Ended June 30, 2016 Three Months Ended June 30, 2015 Armenia $ 455,585 $ 856,542 $ 233,404 $ 532,069 United States 573,969 537,301 353,222 198,107 $ 1,029,554 $ 1,393,843 $ 586,626 $ 730,176

Note 12 - Certain Relationshi27

Note 12 - Certain Relationships and Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Other Share-based Compensation, Activity [Table Text Block]	Year Amount 2016 – remaining period $ 195,000 2017 390,000 2018 208,750 2019 - 2020 -
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	Restricted Stock Outstanding Restricted Stock Vested Grant date Price Number Weighted Number Weighted $ 0.01 1,687,500 $ 0.01 512,500 $ 0.01

Note 13 - Agreements and Comm28

Note 13 - Agreements and Commitments (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Year ending December 31: 2016 – remaining period $ 38,705 2017 79,538 2018 81,924 2019 84,381 2020 and thereafter 94,172 Total $ 378,720

Note 1 - Organization and Bus29

Note 1 - Organization and Business (Details Textual)	May 30, 2007	Aug. 02, 2006	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)	Sep. 26, 2012	Nov. 08, 2011	Sep. 23, 2011	Jan. 31, 2006km²	Aug. 01, 2005	Dec. 21, 2003
Year Round [Member]
Entity Number of Employees			20		20
Seasonal Basis [Member]
Entity Number of Employees			200		200
Global Gold Hankavan LLC [Member]
Business Acquisition, Percentage of Voting Interests Acquired													100.00%
Mego Gold LLC [Member]
Business Acquisition, Percentage of Voting Interests Acquired		49.00%										51.00%
Number Of Exploration Sites												7
Sale of Stock, Percentage of Ownership after Transaction		100.00%
Getik Mining Company LLC [Member]
Business Acquisition, Percentage of Voting Interests Acquired	20.00%										80.00%
Sale of Stock, Percentage of Ownership after Transaction	100.00%
Area of Land | km²											27
Global Gold Consolidated Resources Limited [Member]
Business Acquisition, Percentage of Voting Interests Acquired										51.00%
GGCR Mining LLC [Member]
Business Acquisition, Percentage of Voting Interests Acquired									100.00%
Getik Mining Company LLC [Member]
Percent Of Shares Transferred								100.00%
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			$ (586,626)	$ (730,176)	$ (1,029,554)	$ (1,393,843)
Working Capital Net			17,613,000		17,613,000
Stockholders' Equity Attributable to Parent			$ (11,656,821)		$ (11,656,821)		$ (11,027,811)

Note 2 - Summary of Significa30

Note 2 - Summary of Significant Accounting Policies (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)shares	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)shares	Jun. 30, 2015USD ($)	Jun. 30, 2016AMDshares	Dec. 31, 2015USD ($)	Jun. 30, 2015AMDshares
Minimum [Member] | Licensing Agreements [Member]
Finite-Lived Intangible Asset, Useful Life			1 year
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life			1 year
Property, Plant and Equipment, Useful Life			1 year
Maximum [Member] | Licensing Agreements [Member]
Finite-Lived Intangible Asset, Useful Life			10 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life			10 years
Property, Plant and Equipment, Useful Life			20 years
Deposit Contracts, Assets	$ 430,260		$ 430,260			$ 452,827
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent			20.00%
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares	0		0		0		2,954,167
Class of Warrant or Right, Outstanding | shares	0		0		0		0
Allocated Share-based Compensation Expense	$ 28,756	$ 31,944	$ 30,787	$ 58,288
Foreign Currency Translation One Dollar | AMD					AMD 476		AMD 473
Amortization of Intangible Assets	0	$ 74,579	0	$ 149,158
Environmental Exit Costs, Costs Accrued to Date	$ 0		$ 0			$ 0

Note 2 - Inventories (Details)

Note 2 - Inventories (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Ore [Member]
Raw Materials	$ 451,569	$ 451,569
Concentrate [Member]
Raw Materials	11,342	11,342
Materials, supplies and other	154,965	152,588
Total Inventories	$ 617,876	$ 615,499

Note 2 - Comprehensive Loss (De

Note 2 - Comprehensive Loss (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net loss applicable to Global Gold Corporation Shareholders	$ (414,849)	$ (424,377)	$ (691,489)	$ (811,915)
Foreign currency translation adjustment			31,692	(15,389)
Comprehensive Net Loss applicable to Global Gold Corporation Common Shareholders	$ (351,356)	$ (289,642)	$ (659,797)	$ (827,304)

Note 3 - Property, Plant and 33

Note 3 - Property, Plant and Equipment (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Depreciation	$ 27,081	$ 32,365	$ 53,700	$ 65,168

Note 3 - Capitalized Cost Less

Note 3 - Capitalized Cost Less Accumulated Depreciation (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Building [Member]
Property, plant and equipment gross	$ 569,420	$ 569,420
Construction in Progress [Member]
Property, plant and equipment gross	972,985	972,985
Machinery and Equipment [Member]
Property, plant and equipment gross	2,518,841	2,466,183
Computer Equipment [Member]
Property, plant and equipment gross	116,071	116,071
Office Equipment [Member]
Property, plant and equipment gross	20,739	20,739
Vehicles [Member]
Property, plant and equipment gross	163,899	163,899
Property, plant and equipment gross	4,361,955	4,309,297
Less accumulated depreciation	(2,972,547)	(2,878,063)
	$ 1,389,408	$ 1,431,234

Note 4 - Receivable from Sale (

Note 4 - Receivable from Sale (Details Textual) - USD ($)	Jun. 26, 2014	Jul. 11, 2012	Dec. 02, 2011	Jun. 30, 2016	Dec. 31, 2015
Amarant [Member] | Settled Litigation [Member] | Interest Costs and Fees [Member]
Litigation Settlement, Amount	$ 68,570
Amarant [Member] | Settled Litigation [Member]
Litigation Settlement, Amount	$ 16,800,000
Amarant [Member] | Global Gold Valdivia [Member]
Sale of Stock, Percentage of Ownership before Transaction			100.00%
Amarant [Member] | Global Oro and Global Plata [Member]
Sale of Stock, Percentage of Ownership before Transaction			100.00%
Amarant [Member]
Receivable From Sale Gross				$ 16,868,570	$ 16,868,570
Receivable From Sale Net Impairment				16,868,570	16,868,570
Loans Receivable Interest Rate	9.00%
Minera Global Chile Limitada [Member]
Equity Method Investment, Ownership Percentage			50.00%
Receivable From Sale Net Impairment				$ 16,868,570	$ 16,868,570
Litigation Settlement, Amount		$ 37,537,978.02

Note 5 - Summary of Accounts Pa

Note 5 - Summary of Accounts Payable and Accrued Expenses (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Drilling work payable	$ 146,830	$ 154,819
Accounts payable	4,618,769	4,518,386
Interest payable	1,839,639	1,548,548
	$ 6,605,238	$ 6,221,753

Note 6 - Mine Owners Debt Fac37

Note 6 - Mine Owners Debt Facilities (Details Textual) - USD ($)	Jul. 05, 2013	Jun. 30, 2016	Dec. 31, 2015
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	8.00%
Global Gold Consolidated Resources Limited [Member]
Incentive Based Compensation Model Options Percent	10.00%
Debt, Current		$ 4,104,577	$ 4,104,577
Line of Credit Facility, Maximum Borrowing Capacity	$ 8,800,000
Incentive Based Compensation Model Percent Added to Sales	10.00%
Interest Payable, Current		$ 999,137	$ 814,096

Note 7 - Convertible Note Pay38

Note 7 - Convertible Note Payable (Details Textual) - USD ($)	Sep. 19, 2012	Dec. 29, 2011	Dec. 31, 2015	Jun. 30, 2016	Mar. 26, 2015	Jan. 06, 2014	Mar. 28, 2012	Mar. 08, 2012	Jan. 20, 2012
Maximum [Member] | Convertible Notes Payable [Member]
Debt Instrument, Face Amount		$ 2,000,000
Minimum [Member] | Liquidity Event [Member]
Debt Instrument, Interest Rate, Stated Percentage		15.00%
Cash Coupon [Member]
Debt Instrument, Interest Rate, Stated Percentage		3.00%
Pending Litigation [Member]
Gain Contingency, Unrecorded Amount					$ 230,000
Convertible Notes Payable, Current			$ 1,500,000	$ 1,500,000		$ 1,500,000	$ 500,000	$ 500,000	$ 500,000
Liquidity Event Control Change Threshold		50.10%
Convertible Note Repayment Financing Threshold	4.00%
Assumption of Any Debt and Liabilities Cap			$ 8,000,000
Gain Contingency, Unrecorded Amount					$ 50,000

Note 8 - Advances Payable Con39

Note 8 - Advances Payable Consolidated Resources (Details Textual) - USD ($)	Jun. 30, 2016	Dec. 31, 2015	Jan. 06, 2014	Mar. 28, 2012	Mar. 08, 2012	Jan. 20, 2012
Convertible Notes Payable, Current	$ 1,500,000	$ 1,500,000	$ 1,500,000	$ 500,000	$ 500,000	$ 500,000
Advances Payable Consolidated Resources	$ 394,244	$ 394,244	$ 394,244

Note 9 - Noncontrolling Inter40

Note 9 - Noncontrolling Interest in Joint Venture (Details Textual) - USD ($)	Sep. 26, 2012	Apr. 27, 2011	Jun. 30, 2016
Mego Gold LLC [Member]
Sale of Stock, Percentage of Ownership before Transaction		100.00%
Getik Mining Company LLC [Member]
Sale of Stock, Percentage of Ownership before Transaction	100.00%
Global Gold Consolidated Resources Limited [Member]
Equity Method Investment, Ownership Percentage			51.00%
Proceeds from Working Capital Agreement		$ 5,000,000

Note 9 - Changes in Non-Control

Note 9 - Changes in Non-Controlling Interest (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Balance			$ (3,828,559)
Net loss attributable to the non-controlling interest	$ (171,777)	$ (305,799)	(338,065)	$ (581,928)
Foreign currency translation gain			30,449
Balance	$ (4,136,175)		$ (4,136,175)

Note 10 - Segment Reporting b42

Note 10 - Segment Reporting by Geographic Area (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)
Europe [Member]
Number of Major Customers			1
Revenues	$ 0	$ 0	$ 0	$ 0

Note 10 - Identifiable Assets b

Note 10 - Identifiable Assets by Geographic Area (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
ARMENIA
Assets	$ 2,556,175	$ 2,596,427
UNITED STATES
Assets	20,720	27,685
Assets	$ 2,576,895	$ 2,624,112

Note 10 - Operating Losses Befo

Note 10 - Operating Losses Before Provision For Income Tax (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Armenia	$ 233,404	$ 532,069	$ 455,585	$ 856,542
United States	353,222	198,107	573,969	537,301
	$ 586,626	$ 730,176	$ 1,029,554	$ 1,393,843

Note 11 - Concentration Risk (D

Note 11 - Concentration Risk (Details Textual) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
UNITED STATES
Cash, Uninsured Amount	$ 0	$ 0
ARMENIA
Cash, Uninsured Amount	$ 25,300	$ 6,160

Note 12 - Certain Relationshi46

Note 12 - Certain Relationships and Related Party Transactions (Details Textual) - USD ($)	May 31, 2016	Apr. 25, 2016	Aug. 01, 2015	Jul. 01, 2015	May 08, 2015	Jun. 20, 2014	May 16, 2014	Jan. 22, 2014	Jul. 01, 2012	Aug. 31, 2012	Jul. 31, 2012	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jul. 31, 2012	Jun. 30, 2012	Dec. 31, 2015
Chief Executive Officer [Member] | Annual Salary [Member]
Related Party Transaction, Amounts of Transaction																	$ 225,000
Chief Executive Officer [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period									500,000								1,050,000
Chief Executive Officer [Member]
Employment Agreement Term																	3 years
Retention Bounses Granted1						$ 55,000
Accrued Salaries, Current												$ 897,000		$ 897,000				$ 784,000
Armenia Managing Director [Member] | Annual Salary [Member]
Related Party Transaction, Amounts of Transaction																	$ 72,000
Armenia Managing Director [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period																	337,500
Armenia Managing Director [Member]
Employment Agreement Term																	3 years
Retention Bounses Granted1						35,000
Chief Financial Officer [Member] | Annual Salary [Member]
Related Party Transaction, Amounts of Transaction																$ 150,000
Chief Financial Officer [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period									250,000							225,000
Stock Issued During Period, Shares, Share-based Compensation, Gross										25,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period									2 years
Chief Financial Officer [Member]
Employment Agreement Term			3 years							3 years						3 years
Related Party Transaction, Amounts of Transaction										$ 165,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross																225,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value																$ 0.14
Annual Raise										$ 15,000
Retention Bounses Granted1						$ 45,000
Accrued Salaries, Current												656,000		656,000				574,000
Van Z Krikorian [Member] | Restricted Stock [Member] | Share Based Compensation Award, Six Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				175,000
Van Z Krikorian [Member] | Restricted Stock [Member] | Share based Compensation Award, Twelve Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				350,000
Van Z Krikorian [Member] | Restricted Stock [Member] | Share Based Compensation Award, Eighteen Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				525,000
Van Z Krikorian [Member] | Restricted Stock [Member] | Share Based Compensation Award, Twenty Four Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				700,000
Van Z Krikorian [Member] | Restricted Stock [Member] | Share Based Compensation Award, Thirty Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				875,000
Van Z Krikorian [Member] | Restricted Stock [Member] | Share Based Compensation Award, Thirty Six Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				1,050,000
Van Z Krikorian [Member] | Restricted Stock [Member]
Stock Issued During Period, Shares, Share-based Compensation, Gross					50,000		50,000
Share Price		$ 0.02			$ 0.01		$ 0.11
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		50,000
Foreign Employees [Member] | Restricted Stock [Member]
Stock Issued During Period, Shares, Share-based Compensation, Gross							260,000
Share Price							$ 0.11
Stock Issued During Period, Value, Share-based Compensation, Gross							$ 28,600
Dr W.E.S. Urquhart [Member] | Restricted Stock [Member]
Stock Issued During Period, Shares, Share-based Compensation, Gross						50,000
Share Price						$ 0.10
Stock Issued During Period, Value, Share-based Compensation, Gross						$ 5,000
Ashot Boghossian and Van Krikorian [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period					1,687,500
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					3 years
Ashot Boghossian [Member] | Restricted Stock [Member] | Share Based Compensation Award, Six Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				56,250
Ashot Boghossian [Member] | Restricted Stock [Member] | Share based Compensation Award, Twelve Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				112,500
Ashot Boghossian [Member] | Restricted Stock [Member] | Share Based Compensation Award, Eighteen Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				168,750
Ashot Boghossian [Member] | Restricted Stock [Member] | Share Based Compensation Award, Twenty Four Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				225,000
Ashot Boghossian [Member] | Restricted Stock [Member] | Share Based Compensation Award, Thirty Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				281,250
Ashot Boghossian [Member] | Restricted Stock [Member] | Share Based Compensation Award, Thirty Six Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				337,500
Ashot Boghossian [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				56,250
Jan Dulman [Member] | Restricted Stock [Member] | Share Based Compensation Award, Six Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				50,000
Jan Dulman [Member] | Restricted Stock [Member] | Share based Compensation Award, Twelve Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				100,000
Jan Dulman [Member] | Restricted Stock [Member] | Share Based Compensation Award, Eighteen Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				150,000
Jan Dulman [Member] | Restricted Stock [Member] | Share Based Compensation Award, Twenty Four Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				200,000
Jan Dulman [Member] | Restricted Stock [Member] | Share Based Compensation Award, Thirty Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				250,000
Jan Dulman [Member] | Restricted Stock [Member] | Share Based Compensation Award, Thirty Six Months [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				300,000
Lester Caesar [Member] | Restricted Stock [Member]
Stock Issued During Period, Shares, Share-based Compensation, Gross					50,000
Share Price		$ 0.02			$ 0.01
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		50,000
Nicholas Aynilian [Member] | Restricted Stock [Member]
Stock Issued During Period, Shares, Share-based Compensation, Gross					50,000
Share Price		$ 0.02			$ 0.01
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		50,000
Nicholas Aynilian [Member]
Due to Related Parties, Current												5,000		5,000				5,000
Drury Gallagher [Member] | Restricted Stock [Member]
Stock Issued During Period, Shares, Share-based Compensation, Gross					50,000
Share Price		$ 0.02			$ 0.01
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		50,000
Drury Gallagher [Member]
Proceeds from Related Party Debt								$ 373,000
Related Party Transaction, Rate								9.00%
Due to Related Parties												4,127		4,127				4,127
Due to Related Parties, Current												2,523,687		2,523,687				2,193,000
Harry Gilmore [Member] | Restricted Stock [Member]
Stock Issued During Period, Shares, Share-based Compensation, Gross					50,000
Share Price					$ 0.01
Ian Hague [Member] | Restricted Stock [Member]
Stock Issued During Period, Shares, Share-based Compensation, Gross					50,000
Share Price		$ 0.02			$ 0.01
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		50,000
Ian Hague [Member]
Proceeds from Related Party Debt								$ 127,000
Related Party Transaction, Rate								9.00%
Director [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		250,000
Allocated Share-based Compensation Expense		$ 5,000
Director [Member]
Interest Payable												109,726		109,726
Employees [Member] | ARMENIA
Due to Related Parties, Current												106,000		106,000				134,000
Deferred Compensation [Member]
Amortization of Deferred Charges												$ 2,031	$ 26,344	$ 4,062	$ 52,688
Restricted Stock [Member] | ARMENIA
Stock Issued During Period, Shares, Share-based Compensation, Gross					260,000
Share Price		$ 0.02			$ 0.01
Stock Issued During Period, Value, Share-based Compensation, Gross					$ 2,600
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		320,000
Allocated Share-based Compensation Expense		$ 6,400
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period														3 years
Share Price	$ 0.01
Stock Issued During Period, Value, Share-based Compensation, Gross					$ 3,000		$ 33,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period														512,500
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	1,277,084
Common Stock, Capital Shares Reserved for Future Issuance		570,000
Share-based Compensation	$ 12,771
Share Based Compensation Award, Thirty Six Months [Member]
Restricted Stock or Unit Expense														$ 9,750
Accrued Wages [Member]
Debt Instrument, Interest Rate, Stated Percentage												9.00%		9.00%
Interest Payable, Current												$ 381,000		$ 381,000				327,000
Stock Issued During Period, Shares, Other											2,437,500
Restricted Stock or Unit Expense												2,031	0	4,062	0
Allocated Share-based Compensation Expense												28,756	$ 31,944	30,787	58,288
Restricted Shares, Percentage of Valid options	50.00%
Share-based Compensation														26,725	$ 5,600
Due to Related Parties, Current												105,533		105,533				133,899
Accrued Salaries, Current												1,738,000		1,738,000				1,542,000
Interest Payable, Current												999,137		999,137				814,096
Contingent Bonus Payable												$ 270,000		$ 270,000				$ 270,000

Note 12 - Compensation Commitme

Note 12 - Compensation Commitments (Details)	Jun. 30, 2016USD ($)
2016 – remaining period	$ 195,000
2,017	390,000
2,018	208,750
2,019
2,020

Note 12 - Certain Relationshi48

Note 12 - Certain Relationships and Related Party Transactions (Details) - Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2016$ / sharesshares
Grant date price (in dollars per share)	$ 0.01
Number outstanding (in shares) | shares	1,687,500
Weighted average grant date price (in dollars per share)	$ 0.01
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares	512,500
Weighted average grant date price (in dollars per share)	$ 0.01

Note 13 - Agreements and Comm49

Note 13 - Agreements and Commitments (Details Textual)	Nov. 01, 2015USD ($)	Nov. 10, 2014USD ($)shares	Jul. 05, 2013USD ($)km²	Jul. 11, 2012USD ($)	Feb. 06, 2012USD ($)	Jan. 31, 2016USD ($)	Dec. 31, 2011USD ($)T	Dec. 31, 2011USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2013USD ($)	Oct. 26, 2012USD ($)	Feb. 25, 2010USD ($)T	Mar. 24, 2009
Industrial Minerals Agreements [Member] | Amount of Concrentrate Delivered at Lower Rate [Member]
Amount Of Gold And Silver Concentrate | T													2,250
Industrial Minerals Agreements [Member] | Paid On First 2250 Metric Tons [Member]
Percent Of LBMA													80.00%
Industrial Minerals Agreements [Member]
Customer Advances, Current									$ 87,020	$ 87,020			$ 450,000
Percent Of LBMA													85.00%	85.00%
Amount Of Gold And Silver Concentrate | T													2,250
Consolidated Resource Agreement [Member] | Joint Venture Company [Member]
Production Capacity | T							300,000
Equity Method Investment, Ownership Percentage							51.00%	51.00%
Value Of Equity Method Investment							$ 40,000,000	$ 40,000,000
Consolidated Resource Agreement [Member] | Mego Gold LLC And Getik Mining Transferred In GGCR Mining LLC [Member]
Equity Method Investment, Ownership Percentage					100.00%
Consolidated Resource Agreement [Member]
Investments in and Advances to Affiliates, at Fair Value							500,000	500,000
Proceeds from Collection of Notes Receivable								5,000,000
Equity Method Investment, Ownership Percentage					51.00%
Percent Of Outstanding Common Stock					65.00%
Rent Agreements [Member] | Office Space Suite C-305 [Member]
Annual Rent Cost	$ 77,409
Rent Agreements [Member]
Operating Leases, Future Minimum Payments Due, Next Twelve Months							63,045	63,045
Operating Leases, Future Minimum Payments, Due in Two Years							64,212	64,212
Operating Leases, Future Minimum Payments, Due in Three Years							65,380	65,380
Operating Leases, Future Minimum Payments, Due in Four Years							66,547	66,547
Operating Leases, Future Minimum Payments, Due in Five Years							67,715	67,715
Following Satisfactory Completion Of Due Diligence By CRU [Member]
Payments Receivable Joint Venture Affiliates							1,400,000	1,400,000
Advance [Member]
Payments Receivable Joint Venture Affiliates							3,100,000	3,100,000
Remaining After Execution Of Agreement [Member]
Receivable Before Sale Remaining Amount							3,100,000	3,100,000
Global Gold Consolidated Resources Limited [Member] | Linne Mining LLC [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate			8.00%
Global Gold Consolidated Resources Limited [Member] | Linne Mining LLC [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 8,800,000
Incentive Based Compensation Model Options Percent			10.00%
Global Gold Consolidated Resources Limited [Member]
Incentive Based Compensation Model Options Percent			10.00%
Percent of Options Granted			10.00%
Equity Method Investment, Ownership Percentage									51.00%
Linne Mining LLC [Member] | Miners Profits Misappropriated [Member]
Litigation Settlement, Amount						$ 30,600,000
Contractor Bonus Payment						10.00%
GGCR Mining LLC [Member]
Equity Method Investment, Ownership Percentage												51.00%
Value Of Equity Method Investment												$ 40,000,000
Due from Joint Ventures											$ 5,244,865
Interest Receivable											$ 164,224
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate			8.00%
Marjan Gold Mine [Member] | Compensation [Member]
Litigation Settlement, Amount		$ 3,000,000
Marjan Gold Mine [Member] | Punitive Damages [Member]
Litigation Settlement, Amount		1,000,000
Marjan Gold Mine [Member]
Litigation Settlement, Amount		$ 10,844,413
Litigation Settlement Damages Awarded Interest Rate		9.00%
Funds Raised in Conjunction with Joint Venture Agreement		$ 5,000,000
Caldera Resources [Member] | Punitive Damages [Member]
Litigation Settlement, Amount		1,000,000
Caldera Resources [Member] | Withholding of Assets [Member]
Litigation Settlement, Amount		50,000
Litigation Settlement Amount To Be Paid Per Day		250
Caldera Resources [Member] | Witholding Direct and Indirect Communication [Member]
Litigation Settlement Amount To Be Paid Per Day		100
Caldera Resources [Member] | Correction of Earlier Press Release [Member]
Litigation Settlement, Amount		50,000
Litigation Settlement Amount To Be Paid Per Day		100
Caldera Resources [Member] | Refusal to Turnover Stock [Member]
Litigation Settlement, Amount		115,000
Caldera Resources [Member] | Failure to Make Agreed Payments [Member]
Litigation Settlement, Amount		3,174,209
Caldera Resources [Member] | Legacy Government Liabilities [Member]
Litigation Settlement, Amount		577,174
Caldera Resources [Member] | Violiation and Interference [Member]
Litigation Settlement, Amount		967,345
Caldera Resources [Member] | Compensatory Damages [Member]
Litigation Settlement, Amount		3,000,000
Caldera Resources [Member] | Violation of Confidentiality Stipulation [Member]
Litigation Settlement Amount To Be Paid Per Day		100
Caldera Resources [Member] | Legal Fees and Cost [Member]
Litigation Settlement, Amount		1,822,416
Caldera Resources [Member] | Compensation and Expenses of Arbitrator [Member]
Litigation Settlement, Amount		88,269
Caldera Resources [Member]
Funds Raised in Conjunction with Joint Venture Agreement		5,000,000
Minimum Threshold for NSR Royalty Interest		1,000,000
Proceeds from Legal Settlements		$ 150,000
Number of Shares to Be Turnedover | shares		500,000
Tokhmanuk Mine [Member]
Area of Land | km²			50
Customer Advances, Current									$ 87,020	$ 87,020
Line of Credit Facility, Maximum Borrowing Capacity			$ 8,800,000
Litigation Settlement, Amount				$ 37,537,978.02
Proceeds from Legal Settlements				$ 150,000
Initial Consideration By Other Member JV Agreement							5,000,000	5,000,000
Advance Receivable From Affiliate Joint Venture							500,000	500,000
Receivable Before Sale Remaining Amount							4,500,000	4,500,000
Payment Receivable Following Execution Of Agreement Joint Venture							$ 1,400,000	$ 1,400,000
Value Of Equity Method Investment					$ 40,000,000
Joint Venture Interest Measurement Period					30 days
Operating Leases, Future Minimum Payments, Due in Two Years									79,538
Operating Leases, Future Minimum Payments, Due in Three Years									81,924
Operating Leases, Future Minimum Payments, Due in Four Years									$ 84,381

Note 13 - Future Minimum Operat

Note 13 - Future Minimum Operating Lease Payments (Details)	Jun. 30, 2016USD ($)
2016 – remaining period	$ 38,705
Operating Leases, Future Minimum Payments, Due in Two Years	79,538
Operating Leases, Future Minimum Payments, Due in Three Years	81,924
Operating Leases, Future Minimum Payments, Due in Four Years	84,381
2020 and thereafter	94,172
Total	$ 378,720

Note 14 - Legal Proceedings (De

Note 14 - Legal Proceedings (Details Textual)

Nov. 10, 2014USD ($)shares

Jun. 26, 2014USD ($)

Jan. 06, 2014USD ($)

Nov. 21, 2013USD ($)

Aug. 06, 2013USD ($)

Jul. 11, 2012USD ($)

Apr. 22, 2008

Jan. 29, 2007

Dec. 31, 2009USD ($)

Sep. 30, 2015Tshares

Dec. 31, 2015USD ($)

Jun. 30, 2016USD ($)

Mar. 31, 2015

Mar. 26, 2015USD ($)

Dec. 31, 2012USD ($)

Sep. 30, 2012USD ($)

Mar. 30, 2012USD ($)

Mar. 28, 2012USD ($)

Mar. 08, 2012USD ($)

Jan. 20, 2012USD ($)

Dec. 30, 2011USD ($)

Sep. 30, 2011USD ($)

Mar. 30, 2011USD ($)

Dec. 31, 2010USD ($)

Sep. 30, 2010USD ($)

Caldera [Member] | Payment 1 [Member]

Period Payment On Note Receivable

$ 250,000

$ 250,000

Caldera [Member] | Payment 2 [Member]

Period Payment On Note Receivable

$ 250,000

$ 250,000

Caldera [Member]

Period Payment On Note Receivable

$ 500,000

$ 250,000

$ 250,000

$ 250,000

$ 300,000

$ 300,000

Royalty Rate

0.50%

Number Of Shares Acquired | shares

500,000

Automatic Extension Of Due Date For Quarterly Payments

30 days

Basis For Royalty Calculation

$ 1,000,000

Loss Contingency, Damages Sought, Value

400,000

Geo Pro Mining Ltd [Member]

Successor Obligations

20.00%

Marjan JV [Member]

Equity Method Investment, Ownership Percentage

100.00%

100.00%

Claimed By CRA [Member]

Convertible Notes Payable, Current

$ 2,197,453

Interest Expense, Debt

$ 933,942

Debt Instrument, Interest Rate, Stated Percentage

15.00%

Compensation [Member] | Marjan Gold Mine [Member]

Litigation Settlement, Amount

$ 3,000,000

Punitive Damages [Member] | Marjan Gold Mine [Member]

Litigation Settlement, Amount

1,000,000

Marjan Property [Member] | Marjan Gold Mine [Member]

Litigation Settlement, Amount

50,000

Damages Awarded Per Day

250

Caldera and Or Mr. Mavridis Communications [Member] | Marjan Gold Mine [Member]

Damages Awarded Per Day

100

Press Release [Member] | Marjan Gold Mine [Member]

Litigation Settlement, Amount

50,000

Damages Awarded Per Day

100

Refusal to Turn Over Shares of Stock [Member] | Marjan Gold Mine [Member]

Litigation Settlement, Amount

$ 115,000

Number of Shares Refused | shares

500,000

Failure to Make Agreed Payments [Member] | Marjan Gold Mine [Member]

Litigation Settlement, Amount

$ 3,174,209

Governmental Liabilities [Member] | Marjan Gold Mine [Member]

Litigation Settlement, Amount

577,174

Turnover of Property and Interference in Development [Member] | Marjan Gold Mine [Member]

Litigation Settlement, Amount

967,345

Remain in Violation [Member] | Marjan Gold Mine [Member]

Damages Awarded Per Day

100

Attorney Fees and Costs [Member] | Marjan Gold Mine [Member]

Litigation Settlement, Amount

1,822,416

Arbitration Expenses [Member] | Marjan Gold Mine [Member]

Litigation Settlement, Amount

$ 88,269

Marjan Gold Mine [Member]

Royalty Rate

0.00%

Litigation Settlement, Amount

$ 10,844,413

Litigation Settlement Interest Rate

9.00%

Funds Raised in Conjunction with Joint Venture Agreement

$ 5,000,000

NSR Royalty Threshold

$ 1,000,000

Global Gold Corporation Vs Amarant Mining LTD and Alluvia Mining Ltd [Member]

Litigation Settlement, Amount

$ 16,800,000

$ 2,512,312

Litigation Settlement Interest Rate

9.00%

12.00%

Litigation Settlement Interest

$ 68,570.25

Compensatory Damages [Member]

Litigation Settlement, Amount

27,152,244.50

Pending Litigation [Member]

Gain Contingency, Unrecorded Amount

$ 230,000

Vacated Amount [Member]

Litigation Settlement, Amount

$ 37,500,000

License Agreement Terms [Member]

Finite-Lived Intangible Asset, Useful Life

25 years

Mineralized Rock [Member]

Production Capacity | T

50,000

Caldera [Member]

Development Profits, Nonoperating

$ 150,000

Convertible Notes Payable, Current

$ 1,500,000

$ 1,500,000

$ 1,500,000

$ 500,000

$ 500,000

$ 500,000

Advances Payable Consolidated Resources

394,244

394,244

394,244

Convertible Notes Payable and Advances Payable

$ 1,894,244

Gain Contingency, Unrecorded Amount

$ 50,000

Litigation Settlement, Amount

$ 37,537,978.02

Litigation Settlement Interest Rate

9.00%

Litigation Settlement Interest

$ 10,385,734.52

Loss Contingency, Damages Sought, Value

$ 280,000

Proceeds from Legal Settlements

$ 150,000

Estimated Litigation Liability

158,000

Estimated Litigation Liability, Current

$ 25,000