American Clean Resources (ACRG) 10-Q 15 Mar 18 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Mar. 15, 2018
Document And Entity Information
Entity Registrant Name	Standard Metals Processing, Inc.
Entity Central Index Key	773,717
Document Type	10-Q
Trading Symbol	SMPR
Document Period End Date	Jun. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		127,195,559
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,017

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash	$ 5,322	$ 1,326
Prepaid expenses	15,432	31,256
Assets held for Sale	12,000	12,000
Total current assets	32,754	44,582
Shea Mining and Milling Assets	2,108,300	2,108,300
Property, plant and equipment:
Machinery and equipment	21,000	21,000
Construction in progress	1,775,224	1,775,224
Property, Plant and Equipment, Gross	1,796,224	1,796,224
Accumulated depreciation	(21,000)	(21,000)
Net property, plant and equipment	1,775,224	1,775,224
Total Assets	3,916,278	3,928,106
Current liabilities:
Senior secured convertible promissory note payable, related party	2,229,187	2,229,187
Promissory notes payable - related party	477,500	477,500
Convertible promissory notes	245,000	175,000
Accrual for settlement of lawsuits	2,526,000	2,581,000
Due to Wits Basin Precious Minerals Inc.	16,616	16,616
Accounts payable	2,229,374	2,210,219
Accrued interest - Related party $757,921and $678,466 at June 30,2017 and December 31, 2016	829,868	741,747
Accrued expenses	945,455	880,865
Accounts payable to related party	1,000	1,000
Total current liabilities	9,500,000	9,313,134
Long-term debt
Convertible promissory note, net of Discount of $33,610 at June 30, 2017 and $47,507 at December 31, 2016.	23,390	12,493
Commitments and Contingencies (Note 7)
Preferred stock, 50,000,000 shares authorized:
Series A, $.001 par value, 10,000,000 and 10,000,000 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	10,000,000	10,000,000
Shareholders' deficit:
Series B preferred stock, no shares issued and outstanding
Common stock, $0.001 par value, 500,000,000 shares authorized: 124,501,581 issued and 119,501,581 outstanding at June 30, 2017 and 121,492,869 issued and 116,492,869 outstanding at December 31, 2016, respectively	119,502	116,493
Additional paid-in capital	87,185,267	87,064,101
Accumulated deficit	(102,911,881)	(102,578,115)
Total shareholders deficit	(15,607,112)	(15,397,521)
Total Liabilities and Shareholders' deficit	$ 3,916,278	$ 3,928,106

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Due to related parties	$ 757,921	$ 678,466
Debt instrument, unamortized discount, Noncurrent	$ 33,610	$ 47,507
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	124,501,581	121,492,869
Common stock, shares outstanding	119,501,581	116,492,869
Preferred Stock [Member]
Preferred stock, shares authorized	50,000,000	50,000,000
Series Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued	10,000,000	10,000,000
Preferred stock, shares outstanding	10,000,000	10,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Revenues
Operating expenses:
General and administrative	82,890	142,420	152,519	216,659
Total operating expenses	82,890	142,420	152,519	216,659
Loss from operations	(82,890)	(142,420)	(152,519)	(216,659)
Other income (expense):
Other income	1,825	1,825	4,179	3,650
Interest expense	(62,286)	(76,065)	(110,529)	(148,204)
Amortization of debt discount	(7,034)	(19,945)	(74,897)	(37,501)
Total other income (expense)	(67,495)	(94,185)	(181,247)	(182,055)
Loss before income tax provision	(150,385)	(236,605)	(333,766)	(398,714)
Income tax provision
Net loss	$ (150,385)	$ (236,605)	$ (333,766)	$ (398,714)
Basic net loss per common share (in dollars per share)	$ 0	$ 0	$ 0	$ 0
Basic weighted average common shares outstanding (in shares)	116,492,869	104,066,697	118,421,104	106,933,079

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
OPERATING ACTIVITIES:
Net loss	$ (333,766)	$ (398,714)
Adjustments to reconcile net loss to cash flows used in operating activities:
Amortization of debt issuance costs	74,897	37,501
Changes in operating assets and liabilities:
Prepaid expenses	15,824	(18,847)
Accounts payable	19,155	117,804
Accrued expenses	152,886	54,358
Accounts payable related party		(874)
Accrual for settlement of lawsuits	(55,000)	(7,350)
Net cash used in operating activities	(126,004)	(216,122)
INVESTING ACTIVITIES:
Proceeds from the sale of assets		56,500
Net cash provided by (used in) investing activities		56,500
FINANCING ACTIVITIES:
Cash proceeds from convertible promissory notes	130,000	160,000
Net cash provided by financing activities	130,000	160,000
INCREASE IN CASH AND CASH EQUIVALENTS	3,996	378
CASH AND CASH EQUIVALENTS, beginning of period	1,326	1,747
CASH AND CASH EQUIVALENTS, end of period	5,322	2,125
Supplemental cash flow disclosures
Cash paid for interest cost	2,676	56,023
Income taxes paid
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Debt discount on convertible notes payable	64,000	160,000
Common stock issued		40,000
Warrants issued in settlement of lawsuit		62,335
Conversions into common stock of convertible debt and accrued interest	60,175
Accrual for settlement of lawsuits paid through issuance of convertible note payable	$ 35,000

OVERVIEW

OVERVIEW	6 Months Ended
	Jun. 30, 2017
Nature Of Business [Abstract]
OVERVIEW	NOTE 1 - OVERVIEW Standard Metals Processing, Inc. (“we,” “us,” “our,” “Standard Metals” or the “Company”) is an exploration stage company having offices in Gadsden, Alabama and through its subsidiary, a property in Tonopah, Nevada. Our business plan is to purchase equipment and build a facility on our Tonopah property to serve as a permitted custom processing toll milling facility (which includes an analytical lab, pyrometallugircal plant, and hydrometallurgical recovery plant). The Company plans to perform permitted custom processing toll milling which is a process whereby mined material is crushed and ground into fine particles to ease the extraction of any precious minerals contained therein, such as minerals in the gold, silver and platinum metal groups. Custom milling and refining can include many different processes that are designed specifically for each ore load and to maximize the extraction of precious metals from carbon or concentrates. These toll-processing services also distill, dry, mix, or mill chemicals and bulk materials on a contractual basis and provide a chemical production outsourcing option for industrial companies, which lack the expertise, capacity, or regulatory permits for in-house production. We are required to obtain several permits before we can begin construction of a small scale mineral processing facility to conduct permitted processing toll milling activities and construction of the required additional buildings and well relocation necessary for us to commence operations. Any reference herein to “Standard Metals,” “the Company,” “we,” “our,” or “us” is intended to mean Standard Metals Processing, Inc. a Nevada corporation, and all of our subsidiaries unless otherwise indicated. Going Concern The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, assuming we will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. For the six months ended June 30, 2017, the Company incurred losses from operations of approximately $153,000. At June 30, 2017, the Company had an accumulated deficit of approximately $102,912,000 and a working capital deficit of approximately $9,467,000. Our ability to continue as a going concern is dependent on our ability to raise the required additional capital or debt financing to meet short and long-term operating requirements. During the six months ended June 30, 2017, the Company received net cash proceeds of $130,000 from the convertible promissory notes payable. Subsequent to June 30, 2017, the Company received approximately an additional $93,000. Management believes that private placements of equity capital and/or additional debt financing will be needed to fund our long-term operating requirements. The Company may also encounter business endeavors that require significant cash commitments or unanticipated problems or expenses that could result in a requirement for additional cash. If the Company raises additional funds through the issuance of equity or convertible debt securities, the percentage ownership of our current shareholders could be reduced, and such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, the Company may not be able to take advantage of prospective business endeavors or opportunities, which could significantly and materially restrict our operations. We are continuing to pursue external financing alternatives to improve our working capital position. If the Company is unable to obtain the necessary capital, the Company may have to cease operations.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The financial statements include the accounts of Standard Metals Processing, Inc., its’ wholly owned subsidiary Tonopah Milling and Metals Group, Inc. (“TMMG”), and TMMG’s wholly owned subsidiaries Tonopah Custom Processing, Inc. and Tonopah Resources, Inc. All significant intercompany transactions, accounts and balances have been eliminated in consolidation. Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and footnotes required by US GAAP for complete financial statements. The unaudited condensed financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Form 10-K for the year ended December 31, 2016 filed April 14, 2017. In the opinion of management, all adjustments (consisting of normal recurring adjustments unless otherwise indicated) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year as a whole. Shea Mining and Milling Assets The Company recorded the estimated fair value of the Shea Mining and Milling assets as an aggregate amount on the condensed balance sheets. The assets include the mine tailings and dumps, the land, water rights and the milling facility (the buildings and equipment). None of the assets have been put into production, nor has the Company performed any repair or updates to any of the equipment or buildings. As such, the Company will continue to classify them under a single listing. Mineral Properties Mineral property acquisition costs are recorded at cost and are deferred until the viability of the property is determined. No properties have produced operating revenues at this time. Exploration, mineral property evaluation, option payments, related acquisition costs for mineral properties acquired under an option agreement, general overhead, administrative and holding costs to maintain a property on a care and maintenance basis are expensed in the period they are incurred. When reserves are determined for a property and a bankable feasibility study is completed, subsequent exploration and development costs on the property would be capitalized. If a project were to be put into production, capitalized costs would be depleted on the unit of production basis. Management reviews the net carrying value of each mineral property as changes may materialize with a property or at a minimum, on an annual basis. Where information and conditions suggest impairment, estimated future net cash flows from each property are calculated using estimated future prices, proven and probable reserves and value beyond proven and probable reserves, and operating, capital and reclamation costs on an undiscounted basis. If it is determined that the future cash flows are less than the carrying value, a write-down to the estimated fair value is made with a charge to loss for the period. Where estimates of future net cash flows are not available and where other conditions suggest impairment, management assesses if the carrying value can be recovered. Management’s estimates of gold prices, recoverable reserves, probable outcomes, operating capital and reclamation costs are subject to risks and uncertainties that may affect the recoverability of mineral property costs. The Company does not own any mining claims. It owns tailings located on the Tonopah property and some tailings located in Manhattan, Nevada. The Company has not disturbed or processed any of this material and does not intend to do so in the foreseeable future. Impairment of Long-Lived Assets and Long-Lived Assets The Company will periodically evaluate the carrying value of long-lived assets to be held and used, including but not limited to, mineral properties, mine tailings, mine dumps, capital assets and intangible assets, when events and circumstances warrant such a review and at least annually. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair value of the long-lived asset. Fair value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair values are reduced for the cost to dispose. 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 and disclosure of contingent 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. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers,” which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for annual reporting periods for public business entities beginning after December 15, 2017, including interim periods within that reporting period. The new standard permits the use of either the retrospective or cumulative effect transition method. The Company is currently evaluating the effect that ASU 2014-09 will have on its financial statements and related disclosures. The Company has not yet selected a transition method nor determined the effect of the standard on its ongoing financial reporting, however as there have been no revenues to date, the Company does not expect the adoption to have a material impact. In February 2016, the FASB issued ASU No. 2016-02, Leases During the period ended June 30, 2017 and through March 15, 2018, there were several new accounting pronouncements issued by the Financial Accounting Standards Board. Each of these pronouncements, as applicable, has been or will be adopted by the Company. Management does not believe the adoption of any of these accounting pronouncements has had or will have a material impact on the Company’s consolidated financial statements. Management’s Evaluation of Subsequent Events The Company evaluates events that have occurred after the balance sheet date of June 30, 2017, through the date which the condensed consolidated financial statements were issued. Based upon the review, other than described in Note 10 – Subsequent Events, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the condensed consolidated financial statements.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 2017
Property, plant and equipment:
PROPERTY, PLANT AND EQUIPMENT	NOTE 3 – PROPERTY, PLANT AND EQUIPMENT The Company is preparing the Tonopah property site for the construction of a permitted custom processing toll milling facility including grading the land, installing fencing and working with contractors for our 21,875 square foot building and servicing and drilling various wells for our future operations. The Company does not conduct any mining activity. Components of our property, plant and equipment are as follows: June 30, December 31, 2017 2016 Equipment $ 21,000 $ 21,000 Construction in Progress 1,775,224 1,775,224 Less accumulated depreciation (21,000 ) (21,000 ) $ 1,775,224 $ 1,775,224

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Convertible Notes Payable	NOTE 4 – CONVERTIBLE NOTES PAYABLE On June 22, 2017, the Company received cash proceeds of $10,000, and on January 24, 2018, the Company issued a convertible promissory note in exchange for the cash proceeds. The convertible promissory note accrues interest at 6% per annum and is due one year from the date of funding. The note is convertible into shares of common stock at $0.065 per share, with no adjustments to the conversion price. The conversion feature meets the definition of conventional convertible debt and therefore qualifies for the scope exception in Accounting Standards Codification (“ASC”) 815-10-15-74(a) and would not be bifurcated and accounted for separately as a derivative liability. The Company analyzed the conversion feature under ASC 470-20, “ Debt with conversion and other options On March 14, 2017, the Company received cash proceeds of $60,000, and on April 18, 2017, the Company issued a convertible promissory note in exchange for the cash proceeds. The promissory note accrues interest at 6% per annum and is due one year from the date of issuance. The note is convertible into shares of common stock at $0.075 per share, with no adjustments to the conversion price. The conversion feature meets the definition of conventional convertible debt and therefore qualifies for the scope exception in ASC 815-10-15-74(a) and would not be bifurcated and accounted for separately as a derivative liability. The Company analyzed the conversion feature under ASC 470-20 and based on the market price of the common stock of the Company on the date of funding as compared to the conversion price, determined there was no beneficial conversion feature to recognize. On February 15, 2017 and March 1, 2017, the Company issued convertible promissory notes in the aggregate principal amount of $60,000. The notes are due one year after issuance, accrue interest at 6% per annum and are convertible into shares of common stock at a price of $0.02 per share. The Company then analyzed the conversion under ASC 470-20 Debt with conversion and other options Between January 22, 2016 and March 31, 2016, the Company issued Convertible Promissory Notes totaling $160,000. The Convertible promissory notes accrue interest at 8% and mature 2 years from the date of issue. At the option of the holder the Convertible Promissory Notes convert into shares of the Company’s Common Stock. The $55,000 convertible promissory note is convertible at $0.021 per share based on the ninety day VWAP (volume weighted average price) ending on the date of funding, the $30,000 convertible promissory note is convertible at $0.05 per share based on the ninety day VWAP ending on the date of funding, and the $75,000 convertible promissory note is convertible at $0.05 per share based on a fifty percent discount to the closing sale price on the last trading day immediately preceding the issue date. The Company then analyzed the conversion under ASC 470-20 Debt with conversion and other options The Company issued a convertible promissory note in the principal amount of $60,000 on August 1, 2016. The note matures on August 1, 2018, accrues interest at 8% per annum and is convertible into shares of common stock at a price of $0.06 per share. The Company then analyzed the conversion under ASC 470-20 Debt with conversion and other options The Company issued a convertible promissory note in the principal amount of $65,000 effective on November 28, 2016. The note is due one year after issuance, accrues interest at 6% per annum and is convertible into shares of common stock at a price of $0.06 per share. The Company then analyzed the conversion under ASC 470-20 Debt with conversion and other options The Company issued three convertible promissory notes for a total of $175,000 in 2011 and 2012, which bear interest at 6%, which are convertible into common shares of the Company at a conversion price of $0.50. The convertible promissory notes are past due, and the original terms apply in the default period. During the six months ended June 30, 2017 interest expense was $5,200, and accrued interest on these notes was $62,872.

PROMISSORY NOTES PAYABLE - RELA

PROMISSORY NOTES PAYABLE - RELATED PARTY	6 Months Ended
	Jun. 30, 2017
Due to Related Parties, Current [Abstract]
PROMISSORY NOTES PAYABLE - RELATED PARTY	NOTE 5 – PROMISSORY NOTES PAYABLE - RELATED PARTY On February 11, 2015, the Company issued an unsecured promissory note to Tina Gregerson Family Properties, LLC, an entity controlled by a former director of the Company. The Note for up to $750,000 was provided in tranches. Maturity of each tranche is one year from the date of receipt. Interest will accrue at 8% per annum on each tranche. As consideration, the Company agreed to issue common stock purchase warrants for the purchase of up to 250,000 shares of common stock exercisable for seven years at $1.23 per share. The Company then analyzed the warrant under ASC 470-20-25 Debt with conversion and other options Under the terms of the Note, the Company received $200,000 on February 11, 2015, $48,000 on February 13, 2015, $50,000 on April 13, 2015, $150,000 on July 31, 2015, $2,500 on October 20, 2015, $12,000 on October 29, 2015 and $15,000 on November 4, 2015. The Note is in default.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2017
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	NOTE 6 – SHAREHOLDERS’ EQUITY Common Stock - Convertible promissory notes conversion On March 7, 2017, convertible promissory notes payable and accrued interest totaling $60,174 were converted into 3,008,712 shares of restricted common stock. (Note 4) Option Grants The Company uses the Black-Scholes pricing model as a method for determining the estimated fair value for stock awards. Compensation expense for stock awards is recognized on a straight-line basis over the vesting period of service awards and for performance-based awards, the Company recognizes the expense when the performance condition is probable of being met. The Company reviews its current assumptions on a periodic basis and adjusts them as necessary to ensure an accurate valuation. The risk-free interest rate is based on the Federal Reserve Board’s constant maturities of the U.S. Treasury bond obligations with terms comparable to the expected life of the options at their issuance date. The Company uses historical data to estimate expected forfeitures, expected dividend yield, expected volatility of the Company’s stock and the expected life of the options. The Company recorded no compensation expense for the three and six months ended June 30, 2017 and 2016. As of June 30, 2017, there was $0 in unrecognized compensation expense. The following tables summarize information about the Company’s stock options: Number of Weighted Options outstanding - December 31, 2015 35,076,223 $ 0.99 Granted — — Canceled or expired (2,500,000 ) 0.88 Exercised — — Options outstanding - December 31, 2016 32,576,223 $ 0.99 Granted — — Canceled or expired — — Exercised — — Options outstanding – June 30, 2017 32,576,223 $ 0.98 Weighted average fair value of options granted during the period ended June 30, 2017 $ — Weighted average fair value of options granted during the year ended December 31, 2016 $ — The following table summarizes information about stock options outstanding and exercisable at June 30, 2017: Options Outstanding and exercisable at June 30, 2017 Range of Exercise Prices Number Weighted Weighted Aggregate $0.40 to $0.60 5,276,223 3.4 years $ 0.46 $ — $0.61 to $1.00 9,800,000 3.3 years $ 0.67 $ — $1.01 to $1.50 14,500,000 3.3 years $ 1.25 $ — $1.51 to $2.25 3,000,000 3.8 years $ 1.63 $ — $0.40 to $2.25 32,576,223 3.4 years $ 0.98 $ — (1) The aggregate intrinsic value in the table represents the difference between the closing stock price on June 30, 2017 and the exercise price, multiplied by the number of in-the-money options that would have been received by the option holders had all option holders exercised their options on June 30, 2017. Common Stock Purchase Warrants For warrants granted to non-employees in exchange for services, the Company records the fair value of the equity instrument using the Black-Scholes pricing model unless the value of the services is more reliably measurable. The Company and Wits Basin executed a Settlement Agreement on January 22, 2016. Pursuant to the terms of the Settlement Agreement, the Company issued 630,000 warrants to purchase common stock at an exercise price of $0.70 and 630,000 warrants at an exercise price of $0.30 to investors of Wits Basin. The warrants are exercisable until December 31, 2018. The following table summarizes information about the Company’s stock purchase warrants outstanding at June 30, 2017 and December 31, 2016: Number Weighted Range of Weighted Outstanding at December 31, 2015 5,015,640 $ 0.88 $ 0.20 – 2.00 4.4 years Granted 1,260,000 $ 2.00 $ 0.30 – 1.25 Cancelled or expired — — — Exercised — $ — $ — Outstanding at December 31, 2016 6,275,640 $ 0.86 $ 0.20 – 2.00 3.2 years Granted — $ — $ — Cancelled or expired — — — Exercised — $ — $ — Outstanding at June 30, 2017 6,275,640 $ 0.80 $ 0.20 - 2.00 2.6 years Warrants exercisable at June 30, 2016 6,425,640 The aggregate intrinsic value of the 6,275,640 outstanding and exercisable warrants at June 30, 2017 was $0. The intrinsic value is the difference between the closing stock price on June 30, 2017 and the exercise price, multiplied by the number of in-the-money warrants, had all warrant holders exercised their warrants on June 30, 2017.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 7 – COMMITMENTS AND CONTINGENCIES Legal Matters Stephen E. Flechner v. Standard Metals Processing, Inc. On April 29, 2014, Stephen E. Flechner filed suit in the United States District Court for the District of Colorado against Standard Metals Processing, Inc. alleging that Standard Metals had refused to allow him to exercise stock options granted to him pursuant to a Stock Option Agreement, dated April 1, 2010, and a second Stock Option Agreement, dated January 21, 2011. On June 12, 2014, Standard Metals filed an Answer and a Motion to Dismiss or, Alternatively, to Stay or Transfer the action to the United States District Court for the Northern District of Alabama, Middle Division . On January 16, 2015, Standard Metals filed a Motion for Summary Judgment. On January 23, 2015, the Court issued an Order granting in part and denying in part Standard Metals’ Motion to Dismiss or, Alternatively, to Stay or Transfer the action to the United States District Court for the Northern District of Alabama, Middle Division. The Court in its Order stayed further proceedings in Colorado pending the issuance of orders by the Alabama court. Thereafter, on January 26, 2015, the Court issued an Order vacating the February 20, 2015 Trial Preparation Conference and the March 9, 2015 Bench Trial. On March 23, 2015, the Court issued an Order denying Standard Metals’ Motion for Summary Judgment. On March 30, 2015, Flechner filed a Motion to Lift the Stay. On March 31, 2015, the Court issued an Order granting Flechner’s Motion to Lift the Stay. On April 6, 2015, the Court issued an Order scheduling a Bench Trial for July 29, 2015. On April 9, 2015, Flechner filed a Motion for Reconsideration of the Court’s March 23, 2015 Order Denying Flechner’s Motion to Enforce the Confidential Settlement Agreement to Settle Certain Issues. On May 1, 2015, the Court issued an Order Granting Flechner’s Motion to Enforce the Confidential Settlement Agreement to Settle Certain Issues. Standard Metals Processing, Inc. intends to continue to vigorously defend against claims by Steven E. Flechner. On August 12, 2015 the United Stated District Court for the District of Colorado issued a judgment in favor of Stephen E. Flechner for $2,157,000. An amended final judgment was ordered in adjudication of the Complaint by the U.S. District Court for the District of Colorado (the “Court”) on August 28, 2015 in favor of Flechner in the amount of $2,157,000, plus interest through the date of judgment of $235,246, plus interest of $472.76/day from August 28, 2015 until paid in full. The Company, in good faith anticipation of a settlement did not appeal the judgment and therefore, the Company’s notice of appeal was dismissed on November 17, 2015. This judgment is now non-appealable. The Company and Flechner entered into a Settlement Agreement on November 24, 2015, wherein Flechner will receive $450,000 in cash payment and $250,000 in installment payments. As of the date of this filing, the Company has not yet made a payment. The Company and Flechner are in negotiations to modify the settlement. Midwest Investment Partners, LLC v. Standard Metals Processing, Inc. On March 17, 2014, Midwest Investment Partners, LLC filed suit against Standard Metals Processing, Inc. in Vanderburgh County Superior Court, Vanderburgh, Indiana, United States District Court for the Southern District of Indiana, Evansville Division

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 8 – RELATED PARTY TRANSACTIONS Pure Path Management Company, LLC Pure Path Management Company, LLC (“Pure Path”) is currently the beneficial owner of 21% of the outstanding common stock of the Company. On October 10, 2013, the Company issued 27,000,000 shares of common stock to Pure Path Management Company, LLC to settle $1,500,000 of the note payable and accrued interest owed by the Company. In connection with the assignment of the Forbearance Agreement, the Parties executed an Agreement in Principle setting forth terms of the Forbearance Agreement (collectively the “Pure Path Agreements”). Pursuant to the Pure Path Agreements, Pure Path was to receive participation payments to be received on a quarterly basis for seven years after the final closing at a rate of 5% of adjusted gross revenue as such terms are defined in the Pure Path Agreements, past and future consulting fees for approximately $1,150,000, collection remedies and legal proceedings against the Company including foreclosure on the Deed of Trust, registration rights, rights of first refusal, tag along rights, preemptive rights, exclusive worldwide rights pertaining to financing and joint ventures, and other negative covenants regarding approval of corporate actions. Pursuant to the Settlement and Release Agreement executed October 10, 2013 with the Company, Pure Path relinquished the foregoing rights and obligations owed to it and agreed to forbear collection remedies and legal proceedings against the Company including foreclosure on the Deed of Trust, and in connection with the settlement and release of various debts of approximately $1,500,000 and the consulting fees owed by the Company and relinquishment of rights by Pure Path, the Company issued 27,000,000 restricted shares and a Promissory Note (the “Pure Path Note”) for an amount of up to $2,500,000 with a beginning principal balance of $1,933,345 bearing interest of 8% per year for the current balance of the amounts owed under the Pure Path Agreements. Under the terms of the Pure Path Note, the Company received $54,590 on February 4, 2015. On April 11, 2016, the Company and Pure Path executed an addendum removing Pure Path’s ability to convert its note into shares of Series B Preferred Stock. Subsequently, the Company retired and cancelled the entire class of Series B Preferred Stock, such class is no longer available for issuance. Subsequently, the Company retired and cancelled the entire class of Series B Preferred Stock, such class is no longer available for issuance.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	NOTE 9 – EARNINGS (LOSS) PER SHARE Basic net loss per common share is computed by dividing net loss applicable to common shareholders by the weighted average number of common shares outstanding during the periods presented. Diluted net loss per common share is determined using the weighted average number of common shares outstanding during the periods presented, adjusted for the dilutive effect of common stock equivalents, consisting of shares that might be issued upon exercise of options, warrants and conversion of convertible debt. In periods where losses are reported, the weighted average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. At June 30, 2017, the weighted average shares from stock options of 32,576,223, warrants of 6,275,640 and Convertible Promissory note shares of approximately 2,304,000 were excluded from the diluted weighted average common share calculation due to the antidilutive effect such shares would have on net loss per common share.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10 – SUBSEQUENT EVENTS Convertible Promissory Notes On October 17, 2017, the Company received cash proceeds of $10,000, and on January 24, 2018, the Company issued a convertible promissory note in exchange for the cash proceeds. The convertible promissory note accrues interest at 6% per annum and is due one year from the date of funding, with no adjustments to the conversion price. The conversion feature meets the definition of conventional convertible debt and therefore qualifies for the scope exception in ASC 815-10-15-74(a) and would not be bifurcated and accounted for separately as a derivative liability. The note is convertible into shares of common stock at $0.05 per share. The Company analyzed the conversion feature under ASC 470-20, and based on the market price of the common stock of the Company on the date of funding as compared to the conversion price, determined there was a $6,000 beneficial conversion feature to recognize, which will be amortized over the term of the note using the effective interest method. On December 26, 2017, the Company received cash proceeds of $5,000, and on January 24, 2018, the Company issued a convertible promissory note in exchange for the cash proceeds. The convertible promissory note accrues interest at 6% per annum and is due one year from the date of funding. The note is convertible into shares of common stock at $0.025 per share, with no adjustments to the conversion price. The conversion feature meets the definition of conventional convertible debt and therefore qualifies for the scope exception in ASC 815-10-15-74(a) and would not be bifurcated and accounted for separately as a derivative liability. The note is convertible into shares of common stock at $0.05 per share. The Company analyzed the conversion feature under ASC 470-20, and based on the market price of the common stock of the Company on the date of funding as compared to the conversion price, determined there was a $3,000 beneficial conversion feature to recognize, which will be amortized over the term of the note using the effective interest method. On December 29, 2017, the Company received cash proceeds of $4,796, and on January 24, 2018, the Company issued a promissory note in exchange for the cash proceeds. The promissory note accrues interest at 6% per annum and is due one year from the date of funding. The note is convertible into shares of common stock at $0.025 per share, with no adjustments to the conversion price. The conversion feature meets the definition of conventional convertible debt and therefore qualifies for the scope exception in ASC 815-10-15-74(a) and would not be bifurcated and accounted for separately as a derivative liability. The note is convertible into shares of common stock at $0.05 per share. The Company analyzed the conversion feature under ASC 470-20, and based on the market price of the common stock of the Company on the date of funding as compared to the conversion price, determined there was a $3,000 beneficial conversion feature to recognize, which will be amortized over the term of the note using the effective interest method. On January 22, 2018, the Company received cash proceeds of $15,000 and issued a promissory note in exchange for the cash proceeds. The promissory note accrues interest at 6% per annum and is due one year from the date of issuance. The note is convertible into shares of common stock at $0.05 per share, with no adjustments to the conversion price. The conversion feature meets the definition of conventional convertible debt and therefore qualifies for the scope exception in ASC 815-10-15-74(a) and would not be bifurcated and accounted for separately as a derivative liability. The note is convertible into shares of common stock at $0.05 per share. The Company analyzed the conversion feature under ASC 470-20, and based on the market price of the common stock of the Company on the date of funding as compared to the conversion price, determined there was a $9,000 beneficial conversion feature to recognize, which will be amortized over the term of the note using the effective interest method. On January 22, 2018, the Company received cash proceeds of $8,000 and issued a promissory note in exchange for the cash proceeds. The promissory note accrues interest at 6% per annum and is due one year from the date of issuance. The note is convertible into shares of common stock at $0.05 per share, with no adjustments to the conversion price. The conversion feature meets the definition of conventional convertible debt and therefore qualifies for the scope exception in ASC 815-10-15-74(a) and would not be bifurcated and accounted for separately as a derivative liability. The note is convertible into shares of common stock at $0.05 per share. The Company analyzed the conversion feature under ASC 470-20, and based on the market price of the common stock of the Company on the date of funding as compared to the conversion price, determined there was a $5,000 beneficial conversion feature to recognize, which will be amortized over the term of the note using the effective interest method. On January 26, 2018, the Company received cash proceeds of $40,000 and issued a promissory note in exchange for the cash proceeds. The promissory note accrues interest at 6% per annum and is due one year from the date of issuance. The note is convertible into shares of common stock at $0.05 per share, with no adjustments to the conversion price. The conversion feature meets the definition of conventional convertible debt and therefore qualifies for the scope exception in ASC 815-10-15-74(a) and would not be bifurcated and accounted for separately as a derivative liability. The note is convertible into shares of common stock at $0.05 per share. The Company analyzed the conversion feature under ASC 470-20, and based on the market price of the common stock of the Company on the date of funding as compared to the conversion price, determined there was a $24,000 beneficial conversion feature to recognize, which will be amortized over the term of the note using the effective interest method. Conversion of Convertible Promissory Notes On February 1, 2018, the holder of the convertible promissory notes funded on April 18, 2017, June 22, 2017, October 17, 2017, December 26, 2017, December 29, 2017, January 22, 2018 and January 26, 2018 totaling $148,181.02 principal and interest converted the entire balance into 2,693,978 shares of restricted common stock at various conversion prices of $0.075, $0.065, $0.05 and $0.025, pursuant to the terms of each outstanding convertible promissory note.

SUMMARY OF SIGNIFICANT ACCOUN16

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The financial statements include the accounts of Standard Metals Processing, Inc., its’ wholly owned subsidiary Tonopah Milling and Metals Group, Inc. (“TMMG”), and TMMG’s wholly owned subsidiaries Tonopah Custom Processing, Inc. and Tonopah Resources, Inc. All significant intercompany transactions, accounts and balances have been eliminated in consolidation.
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and footnotes required by US GAAP for complete financial statements. The unaudited condensed financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Form 10-K for the year ended December 31, 2016 filed April 14, 2017. In the opinion of management, all adjustments (consisting of normal recurring adjustments unless otherwise indicated) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year as a whole.
Shea Mining and Milling Assets	Shea Mining and Milling Assets The Company recorded the estimated fair value of the Shea Mining and Milling assets as an aggregate amount on the condensed balance sheets. The assets include the mine tailings and dumps, the land, water rights and the milling facility (the buildings and equipment). None of the assets have been put into production, nor has the Company performed any repair or updates to any of the equipment or buildings. As such, the Company will continue to classify them under a single listing.
Mineral Properties	Mineral Properties Mineral property acquisition costs are recorded at cost and are deferred until the viability of the property is determined. No properties have produced operating revenues at this time. Exploration, mineral property evaluation, option payments, related acquisition costs for mineral properties acquired under an option agreement, general overhead, administrative and holding costs to maintain a property on a care and maintenance basis are expensed in the period they are incurred. When reserves are determined for a property and a bankable feasibility study is completed, subsequent exploration and development costs on the property would be capitalized. If a project were to be put into production, capitalized costs would be depleted on the unit of production basis. Management reviews the net carrying value of each mineral property as changes may materialize with a property or at a minimum, on an annual basis. Where information and conditions suggest impairment, estimated future net cash flows from each property are calculated using estimated future prices, proven and probable reserves and value beyond proven and probable reserves, and operating, capital and reclamation costs on an undiscounted basis. If it is determined that the future cash flows are less than the carrying value, a write-down to the estimated fair value is made with a charge to loss for the period. Where estimates of future net cash flows are not available and where other conditions suggest impairment, management assesses if the carrying value can be recovered. Management’s estimates of gold prices, recoverable reserves, probable outcomes, operating capital and reclamation costs are subject to risks and uncertainties that may affect the recoverability of mineral property costs. The Company does not own any mining claims. It owns tailings located on the Tonopah property and some tailings located in Manhattan, Nevada. The Company has not disturbed or processed any of this material and does not intend to do so in the foreseeable future.
Impairment of Long-Lived Assets and Long-Lived Assets	Impairment of Long-Lived Assets and Long-Lived Assets The Company will periodically evaluate the carrying value of long-lived assets to be held and used, including but not limited to, mineral properties, mine tailings, mine dumps, capital assets and intangible assets, when events and circumstances warrant such a review and at least annually. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair value of the long-lived asset. Fair value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair values are reduced for the cost to dispose.
Use of Estimates	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 and disclosure of contingent 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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers,” which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for annual reporting periods for public business entities beginning after December 15, 2017, including interim periods within that reporting period. The new standard permits the use of either the retrospective or cumulative effect transition method. The Company is currently evaluating the effect that ASU 2014-09 will have on its financial statements and related disclosures. The Company has not yet selected a transition method nor determined the effect of the standard on its ongoing financial reporting, however as there have been no revenues to date, the Company does not expect the adoption to have a material impact. In February 2016, the FASB issued ASU No. 2016-02, Leases During the period ended June 30, 2017 and through March 15, 2018, there were several new accounting pronouncements issued by the Financial Accounting Standards Board. Each of these pronouncements, as applicable, has been or will be adopted by the Company. Management does not believe the adoption of any of these accounting pronouncements has had or will have a material impact on the Company’s consolidated financial statements.
Management's Evaluation of Subsequent Events	Management’s Evaluation of Subsequent Events The Company evaluates events that have occurred after the balance sheet date of June 30, 2017, through the date which the condensed consolidated financial statements were issued. Based upon the review, other than described in Note 10 – Subsequent Events, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the condensed consolidated financial statements.

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2017
Property, plant and equipment:
Schedule of components of property plant and equipment	Components of our property, plant and equipment are as follows: June 30, December 31, 2017 2016 Equipment $ 21,000 $ 21,000 Construction in Progress 1,775,224 1,775,224 Less accumulated depreciation (21,000 ) (21,000 ) $ 1,775,224 $ 1,775,224

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2017
Stockholders' Equity Note [Abstract]
Schedule of stock options activity	The following tables summarize information about the Company’s stock options: Number of Weighted Options outstanding - December 31, 2015 35,076,223 $ 0.99 Granted — — Canceled or expired (2,500,000 ) 0.88 Exercised — — Options outstanding - December 31, 2016 32,576,223 $ 0.99 Granted — — Canceled or expired — — Exercised — — Options outstanding – June 30, 2017 32,576,223 $ 0.98 Weighted average fair value of options granted during the period ended June 30, 2017 $ — Weighted average fair value of options granted during the year ended December 31, 2016 $ —
Schedule of stock options by exercise price range	The following table summarizes information about stock options outstanding and exercisable at June 30, 2017: Options Outstanding and exercisable at June 30, 2017 Range of Exercise Prices Number Weighted Weighted Aggregate $0.40 to $0.60 5,276,223 3.4 years $ 0.46 $ — $0.61 to $1.00 9,800,000 3.3 years $ 0.67 $ — $1.01 to $1.50 14,500,000 3.3 years $ 1.25 $ — $1.51 to $2.25 3,000,000 3.8 years $ 1.63 $ — $0.40 to $2.25 32,576,223 3.4 years $ 0.98 $ — (1) The aggregate intrinsic value in the table represents the difference between the closing stock price on June 30, 2017 and the exercise price, multiplied by the number of in-the-money options that would have been received by the option holders had all option holders exercised their options on June 30, 2017.
Schedule of stock warrants outstanding	The following table summarizes information about the Company’s stock purchase warrants outstanding at June 30, 2017 and December 31, 2016: Number Weighted Range of Weighted Outstanding at December 31, 2015 5,015,640 $ 0.88 $ 0.20 – 2.00 4.4 years Granted 1,260,000 $ 2.00 $ 0.30 – 1.25 Cancelled or expired — — — Exercised — $ — $ — Outstanding at December 31, 2016 6,275,640 $ 0.86 $ 0.20 – 2.00 3.2 years Granted — $ — $ — Cancelled or expired — — — Exercised — $ — $ — Outstanding at June 30, 2017 6,275,640 $ 0.80 $ 0.20 - 2.00 2.6 years Warrants exercisable at June 30, 2016 6,425,640

OVERVIEW (Detail Narrative)

OVERVIEW (Detail Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Income (Loss) from operations before extraordinary items	$ (150,385)	$ (236,605)	$ (333,766)	$ (398,714)
Retained earnings (Accumulated deficit)	102,911,881		102,911,881		$ 102,578,115
Working capital deficit	$ 9,467,000		9,467,000
Amount received			93,000
Convertible Promissory Notes Payable [Member]
Cash proceeds from short-term debt			$ 130,000

PROPERTY, PLANT AND EQUIPMENT20

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Property, Plant and Equipment, Gross	$ 1,796,224	$ 1,796,224
Less accumulated depreciation	(21,000)	(21,000)
Net property, plant and equipment	1,775,224	1,775,224
Construction in Progress [Member]
Property, Plant and Equipment, Gross	1,775,224	1,775,224
Equipment [Member]
Property, Plant and Equipment, Gross	$ 21,000	$ 21,000

PROPERTY, PLANT AND EQUIPMENT21

PROPERTY, PLANT AND EQUIPMENT (Detail Narrative)	Jun. 30, 2017ft²
Construction Contracts [Member]
Property, Plant and Equipment [Line Items]
Area of Land	21,875

CONVERTIBLE NOTES PAYABLE (Deta

CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)

Jan. 24, 2018

Oct. 17, 2017

Jun. 22, 2017

Apr. 18, 2017

Mar. 14, 2017

Mar. 07, 2017

Mar. 01, 2017

Dec. 28, 2016

Nov. 28, 2016

Aug. 01, 2016

Jul. 22, 2016

Mar. 31, 2016

Jun. 30, 2017

Jun. 30, 2016

Jun. 30, 2017

Jun. 30, 2016

Dec. 31, 2012

Amortization of debt discount

$ 7,034

$ 19,945

$ 74,897

$ 37,501

6% Convertible Promissory Note [Member]

Cash proceeds

$ 10,000

6% Convertible Promissory Note [Member] | Subsequent Event [Member]

Cash proceeds

$ 10,000

Debt face amount

$ 10,000

Debt term

1 year

Stock conversion price (in dollars per share)

$ 0.05

Beneficial conversion feature

$ 6,000

6% Convertible Promissory Note [Member]

Cash proceeds

$ 60,000

Debt face amount

$ 60,000

Debt term

1 year

Stock conversion price (in dollars per share)

$ 0.075

6% Convertible Promissory Note [Member]

Debt face amount

$ 60,000

Debt term

1 year

Stock conversion price (in dollars per share)

$ 0.02

Original debt conversion

$ 60,174

Amortization of debt discount

$ 58,164

6% Convertible Promissory Note [Member] | Restricted Common Stock [Member]

Number of shares issued upon debt conversion (in shares)

3,008,712

8% Convertible Promissory Note [Member]

Debt face amount

$ 160,000

Debt term

2 years

Beneficial conversion feature

$ 160,000

Original debt conversion

$ 160,000

Original interest conversion

$ 4,919

8% Convertible Promissory Note [Member] | Restricted Common Stock [Member]

Number of shares issued upon debt conversion (in shares)

4,879,067

8% Convertible Promissory Note [Member] | Debt Conversion First Installment [Member]

Stock conversion price (in dollars per share)

$ 0.021

Original debt conversion

$ 55,000

8% Convertible Promissory Note [Member] | Debt Conversion Second Installment [Member]

Stock conversion price (in dollars per share)

$ 0.05

Original debt conversion

$ 30,000

8% Convertible Promissory Note [Member] | Debt Conversion Third Installment [Member]

Stock conversion price (in dollars per share)

$ 0.05

Original debt conversion

$ 75,000

Percentage of discount (in percent)

50.00%

8% Convertible Promissory Note [Member]

Debt face amount

$ 60,000

Stock conversion price (in dollars per share)

$ 0.06

Original debt conversion

$ 60,000

Amortization of debt discount

7,500

15,000

Debt maturity date

Aug. 1, 2018

Unamortization of debt discount

33,610

33,610

6% Convertible Promissory Note [Member]

Debt face amount

$ 65,000

Debt term

1 year

Stock conversion price (in dollars per share)

$ 0.06

Beneficial conversion feature

$ 65,000

Original debt conversion

$ 65,000

Original interest conversion

$ 353

6% Convertible Promissory Note [Member] | Restricted Common Stock [Member]

Number of shares issued upon debt conversion (in shares)

3,262,838

6% Three Convertible Promissory Note [Member]

Debt face amount

$ 175,000

Stock conversion price (in dollars per share)

$ 0.50

Interest expense

5,200

Accrued interest

$ 62,872

$ 62,872

PROMISSORY NOTES PAYABLE - RE23

PROMISSORY NOTES PAYABLE - RELATED PARTY (Details Narrative) - USD ($)	Feb. 11, 2015	Jun. 30, 2017	Dec. 31, 2016	Nov. 04, 2015	Oct. 29, 2015	Oct. 20, 2015	Jul. 31, 2015	Apr. 13, 2015	Feb. 13, 2015
Promissory notes payable - related party		$ 477,500	$ 477,500
8% Unsecured Promissory Note [Member] | Tina Gregerson Family Properties, LLC
Debt face amount	$ 750,000
Promissory notes payable - related party	$ 200,000			$ 15,000	$ 12,000	$ 2,500	$ 150,000	$ 50,000	$ 48,000
8% Unsecured Promissory Note [Member] | Tina Gregerson Family Properties, LLC | Warrant [Member]
Number of warrant to purchased	250,000
Warrant term	7 years
Warrant exercise price (in dollars per share)	$ 1.23
Warrant fair value	$ 116,560
Stock price	$ 1.25
Expected volatility	75.00%
Discount rate	1.83%

SHAREHOLDERS' EQUITY (Details)

SHAREHOLDERS' EQUITY (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Number of Options
Options outstanding	32,576,223	35,076,223
Granted
Canceled or expired		(2,500,000)
Exercised
Options outstanding	32,576,223	32,576,223
Weighted Average Exercise Price
Options outstanding	$ 0.99	$ 0.99
Granted
Canceled or expired		0.88
Exercised
Options outstanding	0.98	0.99
Weighted average fair value of options granted during the period

SHAREHOLDERS' EQUITY (Details 1

SHAREHOLDERS' EQUITY (Details 1)	6 Months Ended
	Jun. 30, 2017USD ($)$ / sharesshares
$0.40 to $0.60 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price lower range limit	$ 0.40
Exercise price upper range limit	$ 0.60
Number Outstanding | shares	5,276,223
Weighted Remaining Contractual Life	3 years 4 months 24 days
Weighted Average Exercise Price	$ 0.46
Aggregate Intrinsic Value | $		[1]
0.61 to $1.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price lower range limit	$ 0.61
Exercise price upper range limit	$ 1
Number Outstanding | shares	9,800,000
Weighted Remaining Contractual Life	3 years 3 months 18 days
Weighted Average Exercise Price	$ 0.67
Aggregate Intrinsic Value | $		[1]
1.01 to $1.50 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price lower range limit	$ 1.01
Exercise price upper range limit	$ 1.50
Number Outstanding | shares	14,500,000
Weighted Remaining Contractual Life	3 years 3 months 18 days
Weighted Average Exercise Price	$ 1.25
Aggregate Intrinsic Value | $		[1]
$1.51 to $2.25 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price lower range limit	$ 1.51
Exercise price upper range limit	$ 2.25
Number Outstanding | shares	3,000,000
Weighted Remaining Contractual Life	3 years 9 months 18 days
Weighted Average Exercise Price	$ 1.63
Aggregate Intrinsic Value | $		[1]
$0.40 to $2.25 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price lower range limit	$ 0.40
Exercise price upper range limit	$ 2.25
Number Outstanding | shares	32,576,223
Weighted Remaining Contractual Life	3 years 4 months 24 days
Weighted Average Exercise Price	$ 0.98
Aggregate Intrinsic Value | $		[1]
[1]	The aggregate intrinsic value in the table represents the difference between the closing stock price on June 30, 2017 and the exercise price, multiplied by the number of in-the-money options that would have been received by the option holders had all option holders exercised their options on June 30, 2017.

SHAREHOLDERS' EQUITY (Details 2

SHAREHOLDERS' EQUITY (Details 2) - Warrant [Member] - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016	Dec. 31, 2015
Class of Warrant or Right Outstanding
Beginning Balance	6,275,640	5,015,640
Granted		1,260,000
Cancelled or expired
Exercised
Ending Balance	6,275,640	6,275,640	5,015,640
Warrants exercisable	6,425,640
Class of Warrant or Right Outstanding, Weighted Average Exercise Price
Beginning Balance	$ 0.86	$ 0.88
Granted		2
Cancelled or expired
Exercised
Ending Balance	$ 0.8	$ 0.86	$ 0.88
Class of Warrant or Right Outstanding Weighted Average Remaining Contractual Life
Outstanding	3 years 7 months 6 days	3 years 2 months 12 days	4 years 4 months 24 days
Minimum [Member]
Class of Warrant or Right Outstanding Exercise Price Range
Begining Balance	$ 0.20	$ 0.20
Granted		0.30
Ending Balance	0.20	0.20	$ 0.20
Maximum [Member]
Class of Warrant or Right Outstanding Exercise Price Range
Begining Balance	2	2
Granted		1.25
Ending Balance	$ 2	$ 2	$ 2

SHAREHOLDERS' EQUITY (Details N

SHAREHOLDERS' EQUITY (Details Narrative) - USD ($)	Mar. 07, 2017	Jun. 30, 2017	Jan. 22, 2016
Unrecognized share based compensation Expense		$ 0
Settlement Agreement [Member]
Number of warrants to purchase			630,000
Exercise price of warrants			$ 0.70
Settlement Agreement [Member] | Wits Basin Precious Minerals Inc [Member]
Number of warrants to purchase common stock			630,000
Shares price			$ 0.30
6% Convertible Promissory Note [Member]
Original debt conversion	$ 60,174
6% Convertible Promissory Note [Member] | Restricted Common Stock [Member]
Number of shares issued upon debt conversion	3,008,712

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Nov. 24, 2015	Aug. 12, 2015	Jun. 30, 2017	Dec. 31, 2016	Dec. 31, 2015
Number of option issued			32,576,223	32,576,223	35,076,223
Stephen E. Flechner v. Standard Metals Processing, Inc [Member]
Interest damages paid		$ 2,157,000
Interest damages paid,per day		235,246
Cash payment		$ 472.76
Stephen E. Flechner v. Standard Metals Processing, Inc [Member] | Settlement Agreement [Member]
Cash payment	$ 450,000
Installment payments	$ 250,000
Midwest Investment Partners, LLC v. Standard Metals Processing, Inc.
Interest damages paid			$ 55,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Oct. 10, 2013	Jun. 30, 2017	Dec. 31, 2016	Feb. 04, 2015
Promissory notes payable - related party		$ 477,500	$ 477,500
Pure Path Management Company, LLC
Percentage of ownership		21.00%
Number of shares issued upon debt conversion	27,000,000
Original debt conversion	$ 1,500,000
Consulting fees	1,150,000
Promissory notes payable - related party				$ 54,590
Pure Path Management Company, LLC | Settlement and Release Agreement [Member]
Original debt conversion	1,933,345
Debt face amount	$ 2,500,000
Debt interest rate	8.00%
Pure Path Management Company, LLC | Restricted Common Stock [Member]
Number of shares issued	27,000,000

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Detail Narrative)	6 Months Ended
	Jun. 30, 2017shares
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS	2,304,000
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS	6,275,640
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS	32,576,223

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - 6% Convertible Promissory Note [Member] - USD ($)	Feb. 01, 2018	Jan. 28, 2018	Jan. 26, 2018	Jan. 24, 2018	Jan. 24, 2018	Jan. 22, 2018	Dec. 29, 2017	Dec. 26, 2017	Oct. 17, 2017	Jun. 22, 2017
Cash proceeds										$ 10,000
Subsequent Event [Member]
Cash proceeds									$ 10,000
Debt face amount				$ 10,000	$ 10,000
Debt term				1 year
Stock conversion price				$ 0.05	$ 0.05
Beneficial conversion feature				$ 6,000
Subsequent Event [Member]
Cash proceeds								$ 5,000
Debt face amount		$ 5,000
Debt term		1 year
Stock conversion price		$ 0.025
Revised stock conversion price		$ 0.05
Beneficial conversion feature		$ 3,000
Subsequent Event [Member]
Cash proceeds							$ 4,796
Debt face amount				$ 4,796	$ 4,796
Debt term					1 year
Stock conversion price				$ 0.025	$ 0.025
Revised stock conversion price					$ 0.05
Beneficial conversion feature					$ 3,000
Subsequent Event [Member]
Cash proceeds						$ 15,000
Debt face amount						$ 15,000
Debt term						1 year
Stock conversion price						$ 0.05
Revised stock conversion price						$ 0.05
Beneficial conversion feature						$ 9,000
Subsequent Event [Member]
Cash proceeds						8,000
Debt face amount						$ 8,000
Debt term						1 year
Stock conversion price						$ 0.05
Revised stock conversion price						$ 0.05
Beneficial conversion feature						$ 5,000
Subsequent Event [Member]
Cash proceeds			$ 40,000
Debt face amount			$ 40,000
Debt term			1 year
Stock conversion price			$ 0.05
Revised stock conversion price			$ 0.05
Beneficial conversion feature			$ 24,000
Subsequent Event [Member]
Original debt conversion	$ 148,181.02
Subsequent Event [Member] | Restricted Stock [Member]
Number of shares issued upon debt conversion	2,693,978
Description of conversion price	Various conversion prices of $0.075, $0.065, $0.05 and $0.025