American Clean Resources (ACRG) 10-K 8 Jun 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Jun. 06, 2018
Document And Entity Information
Entity Registrant Name	Standard Metals Processing, Inc.
Entity Central Index Key	773,717
Document Type	10-K
Trading Symbol	SMPR
Document Period End Date	Dec. 31, 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	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 12,127,591
Entity Common Stock, Shares Outstanding		128,334,299
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash	$ 2,185	$ 1,326
Prepaid expenses	11,145	31,256
Assets held for Sale	12,000	12,000
Total current assets	25,330	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	3,908,854	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 note, net of Discount of $34,860 at December 31, 2017 and $0 at December 31, 2016.	299,936	175,000
Accrual for settlement of lawsuits	2,501,000	2,581,000
Due to Wits Basin Precious Minerals Inc.	16,616	16,616
Accounts payable	2,429,386	2,210,219
Accrued interest - Related party $871,317 and $678,466 at December 31, 2017 and December 31, 2016	953,222	741,747
Accrued expenses	855,046	880,865
Accounts payable to related party	1,000	1,000
Total current liabilities	9,762,893	9,313,134
Long-term debt
Convertible promissory note, net of Discount of $47,507 at December 31, 2016.		12,493
Commitments and Contingencies (Note 9)
Preferred stock, 50,000,000 shares authorized:
Series A, $.001 par value, 10,000,000 and 10,000,000 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively	10,000,000	10,000,000
Shareholders' deficit:
Common stock, $0.001 par value, 500,000,000 shares authorized: 124,501,581 issued and 119,501,581 outstanding at December 31, 2017 and 121,492,869 issued and 116,492,869 outstanding at December 31, 2016, respectively	119,502	116,493
Additional paid-in capital	87,201,267	87,064,101
Accumulated deficit	(103,174,808)	(102,578,115)
Total shareholders' deficit	(15,854,039)	(15,397,521)
Total Liabilities and Shareholders' deficit	$ 3,908,854	$ 3,928,106

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument, Unamortized Discount, Current	$ 34,860	$ 0
Accrued interest - Related parties, Current	$ 871,317	678,466
Debt Instrument, Unamortized Discount, Noncurrent		$ 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]
Temporary Equity, Shares Authorized	50,000,000	50,000,000
Series Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ .001
Preferred stock, shares outstanding	10,000,000	10,000,000
Preferred Stock, Shares Issued	10,000,000	10,000,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Revenues
Operating expenses:
General and administrative	122,615	333,080
Total operating expenses	122,615	333,080
Loss from operations	(122,615)	(333,080)
Other income (expense):
Other income	7,829	7,300
Interest expense	(389,260)	(366,085)
Amortization of debt discount	(92,647)	(249,070)
Total other income (expense)	(474,078)	(607,855)
Loss before income tax provision	(596,693)	(940,935)
Income tax provision
Net loss	$ (596,693)	$ (940,935)
Basic net loss per common share	$ (0.01)	$ (0.01)
Basic weighted average common shares outstanding	118,965,783	110,080,311

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' DEFICIT - USD ($)	Preferred Stock [Member]	Common stock outstanding [Member]	Additional paid-in capital [Member]	Common Stock Issuable [Member]	Accumulated deficit [Member]	Total
Balance at beginning at Dec. 31, 2015		$ 104,076	$ 86,438,911	$ 40,000	$ (101,637,180)	$ (15,054,193)
Balance at beginning, (in shares) at Dec. 31, 2015		104,075,936
Stock issued for the conversion of Notes payable and accrued interest		$ 8,142	222,130			230,272
Stock issued for the conversion of Notes payable and accrued interest, (in shares)		8,141,905
Common stock issued for cash received in prior year		$ 4,000	36,000	$ (40,000)
Common stock issued for cash received in prior year, (in shares)		4,000,000
Conversion feature of convertible debt			285,000			285,000
Stock issued for cash		$ 275	19,725			20,000
Stock issued for cash, (in shares)		275,028
Warrants issued in settlement of lawsuit			62,335			62,335
Net loss					(940,935)	(940,935)
Balance at ending at Dec. 31, 2016		$ 116,493	87,064,101		(102,578,115)	(15,397,521)
Balance at ending, (in shares) at Dec. 31, 2016		116,492,869
Stock issued for the conversion of Notes payable and accrued interest		$ 3,009	57,166			60,175
Stock issued for the conversion of Notes payable and accrued interest, (in shares)		3,008,712
Conversion feature of convertible debt			80,000			80,000
Stock issued for cash, (in shares)	0	4,275,028
Net loss					(736,693)	(596,693)
Balance at ending at Dec. 31, 2017		$ 119,502	$ 87,201,267		$ (103,314,808)	$ (15,854,039)
Balance at ending, (in shares) at Dec. 31, 2017		119,501,581

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
OPERATING ACTIVITIES:
Net loss	$ (596,693)	$ (940,935)
Adjustments to reconcile net loss to cash flows used in operating activities:
Amortization of debt issuance costs	92,647	249,070
Changes in operating assets and liabilities:
Prepaid expenses	20,111	(1,219)
Accounts payable	219,167	149,527
Accrued expenses	185,831	189,860
Accounts payable related party		(874)
Accrual for settlement of lawsuits	(80,000)	(7,350)
Net cash used in operating activities	(158,937)	(361,921)
INVESTING ACTIVITIES:
Proceeds from the sale of assets		56,500
Net cash provided by investing activities		56,500
FINANCING ACTIVITIES:
Cash received on common stock subscribed		20,000
Cash proceeds from convertible promissory notes	159,796	285,000
Net cash provided by financing activities	159,796	305,000
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	859	(421)
CASH AND CASH EQUIVALENTS, beginning of period	1,326	1,747
CASH AND CASH EQUIVALENTS, end of period	2,185	1,326
Supplemental cash flow disclosures
Cash paid for interest cost		73,351
Income taxes paid
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Debt discount on convertible notes payable	80,000	285,000
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	$ 230,272

NATURE OF BUSINESS

NATURE OF BUSINESS	12 Months Ended
	Dec. 31, 2017
Nature Of Business [Abstract]
NATURE OF BUSINESS	NOTE 1 – NATURE OF BUSINESS Standard Metals Processing, Inc. (“we,” “us,” “our,” “Standard Metals” or the “Company”) is an exploration stage company, incorporated in Nevada having offices in Gadsden, Alabama and through its subsidiary, a property in Tonopah, Nevada. Their business plan is to purchase equipment and build a facility on the 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. 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 year ended December 31, 2017, the Company incurred losses from operations of approximately $597,000. At December 31, 2017, the Company had an accumulated deficit of approximately $103,175,000 and a working capital deficit of approximately $9,738,000. These circumstances raise substantial doubt about the Company’s ability to continue as a going concern. 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 year ended December 31, 2017, the Company received net cash proceeds of approximately $160,000 from the convertible promissory notes payable, and an additional $63,000 subsequent to year end. 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	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The consolidated financial statements include the accounts of Standard Metals Processing, Inc., and its wholly owned subsidiaries Tonopah Milling and Metals Group, Inc. and its wholly owned subsidiaries Tonopah Custom Processing, Inc., and Tonopah Resources, Inc. All significant intercompany transactions, accounts and balances have been eliminated in consolidation. Cash and Cash Equivalents We maintain our cash in high-quality financial institutions. The balances, at times, may exceed federally insured limits. Property, Plant and Equipment Property and equipment are recorded at cost and depreciated, once placed in service, using the straight-line method over estimated useful lives as follows: Years Machinery and equipment 2-7 Vehicle 2 Maintenance and repairs are charged to expense as incurred; major renewals and betterments are capitalized. As items of property or equipment are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is included in operating income. 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. There were no impairment charges during the years ended December 31, 2017 and December 31, 2016. Use of Estimates Preparing 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. Revenue Recognition and Deferred Revenue As of December 31, 2017, we have recorded no revenues from custom permitted processing toll milling. Financial Instruments The carrying amounts for all financial instruments approximates fair value. The carrying amounts for cash, accounts payable and accrued liabilities approximated fair value because of the short maturity of these instruments. The fair value of short-term debt approximated the carrying amounts based upon the expected borrowing rate for debt with similar remaining maturities and comparable risk. Loss per Common Share Basic earnings (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 earnings 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 December 31, 2017 and 2016, the weighted average shares from stock options of 32,576,223 and 32,576,223, respectively and warrants of 6,125,640 and 6,275,640, and number of equivalent shares of convertible notes payable 3,020,704 and 1,000,000 respectively 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. Income Taxes Income taxes are accounted for based upon an asset and liability approach. Accordingly, deferred tax assets and liabilities arise from the difference between the tax basis of an asset or liability and its reported amount in the financial statements. Deferred tax amounts are determined using the tax rates expected to be in effect when the taxes will actually be paid or refunds received, as provided under currently enacted tax law. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense or benefit is the tax payable or refundable, respectively, for the period plus or minus the change in deferred tax assets and liabilities during the period. Accounting guidance requires the recognition of a financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The Company believes its income tax filing positions and deductions will be sustained upon examination and accordingly, no reserves, or related accruals for interest and penalties have been recorded at December 31, 2017 and 2016. The Company recognizes interest and penalties on unrecognized tax benefits as well as interest received from favorable tax settlements within income tax expense. On December 22, 2017, the President of the United States signed and enacted into law H.R. 1 (the “Tax Reform Law”). The Tax Reform Law, effective for tax years beginning on or after January 1, 2018, except for certain provisions, resulted in significant changes to existing United States tax law, including various provisions that are expected to impact the Company. The Tax Reform Law reduces the federal corporate tax rate from 30% to 21% effective January 1, 2018. The Company will continue to analyze the provisions of the Tax Reform Law to assess the impact on the Company’s consolidated financial statements. Recent Accounting Standards 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. As there have been no revenues to date, the Company does not expect the adoption to have a material impact and no transition method will be necessary upon adoption. In February 2016, the FASB issued ASU No. 2016-02, Leases During the year ended December 31, 2017 and through June 8, 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 December 31, 2017, through the date which the consolidated financial statements were issued. Based upon the review, other than described in Note 11 – Subsequent Events, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the consolidated financial statements.

SHEA MILLING AND MINING ASSETS

SHEA MILLING AND MINING ASSETS	12 Months Ended
	Dec. 31, 2017
Acquisition Of Shea Milling And Mining Assets [Abstract]
SHEA MILLING AND MINING ASSETS	NOTE 3 – SHEA MILLING AND MINING ASSETS On March 15, 2011, the Company entered into an exchange agreement by and between the Company, Shea Mining, Afignis, LLC, Leslie Lucas Partners, LLC, Wits Basin Precious Minerals, Inc., (“Wits Basin”) and Alfred A. Rapetti (the “Shea Exchange Agreement”) whereby the Company acquired certain assets from Shea Mining, which assets include those located in Tonopah , mine dumps, a property lease and a contract agreement in exchange for 35,000,000 shares of our unregistered shares. In connection with the Shea Exchange Agreement, the Company was also assigned the ownership of approximately a six square mile section of mine dump material in Manhattan, Nevada (“Manhattan”). The Company has not disturbed, moved or processed any of this material and currently has no intention to do so. During the year ended December 31, 2015 Management analyzed the Shea Mining and Milling assets and determined that all the acquired assets except for the Tonopah land and water rights were fully impaired and recorded an impairment reducing the net carrying value of the Miller’s Landing assets to $2,108,300. The Company has made some preparations including grading the land, installing fences and drilling various wells for future operations. The Company plans to resume preparing the Tonopah property site for the construction of a permitted custom processing toll milling facility and will work with contractors for the 21,875 square foot building and servicing the various wells. The Company does not conduct any mining activity.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2017
Property, plant and equipment:
PROPERTY, PLANT AND EQUIPMENT	NOTE 4 – PROPERTY, PLANT AND EQUIPMENT Components of our property, plant and equipment are as follows: December 31, 2017 2016 Machinery and 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

SENIOR SECURED PROMISSORY NOTE,

SENIOR SECURED PROMISSORY NOTE, RELATED PARTY	12 Months Ended
	Dec. 31, 2017
Senior Secured Promissory Note Related Party
SENIOR SECURED PROMISSORY NOTE, RELATED PARTY	NOTE 5 – Senior Secured Promissory Note, related party On October 10, 2013, a Senior Secured Convertible Promissory Note for up to $2,500,000 was issued to Pure Path Capital Management Company, LLC (“Pure Path”) pursuant to a Settlement and Release Agreement. The note had an original principal balance of $1,933,345, with a maturity date of April 10, 2015, and bears interest at 8% per annum. The settlement agreement included the issuance to Pure Path of 27,000,000 of the Company’s common shares, resulting in Pure Path becoming a related party. Upon an event of default additional interest will accrue at the rate equal to the lesser of (i) 15% per annum in addition to the Interest Rate or (ii) the highest rate permitted by applicable law, per annum (the “Default Rate”). The Company has obtained a waiver on the default rate interest, allowing the 8% interest rate to remain in effect during the default on the note. The Note is securitized by any and all of Borrower’s tangible or intangible assets, already acquired or hereinafter acquired, including but not limited to: machinery, inventory, accounts receivable, cash, computers, hardware, mineral rights, etc. 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 (Note 8). The outstanding principal balance on the note was $2,229,187 as of both December 31, 2017 and 2016, with related accrued interest of $768,982 and $582,264, respectively.

PROMISSORY NOTES PAYABLE - RELA

PROMISSORY NOTES PAYABLE - RELATED PARTY	12 Months Ended
	Dec. 31, 2017
Due to Related Parties, Current [Abstract]
PROMISSORY NOTES PAYABLE - RELATED PARTY	NOTE 6 – PROMISSORY NOTES PAYABLE - RELATED PARTY On February 11, 2015, the Company issued an unsecured promissory note (the “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. 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. Interest accrues at 8% per annum on each tranche. Accrued interest was $871,317 and $678,466 as of December 31, 2017 and 2016, respectively.

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
CONVERTIBLE NOTES PAYABLE	NOTE 7 – CONVERTIBLE NOTES PAYABLE On December 29, 2017, the Company received cash proceeds of $4,756, and on January 22, 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 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 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 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 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. 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 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 August 22, 2017, the Company received cash proceeds of $10,000, and on February 7, 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 $0.08 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 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 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 a $4,000 beneficial conversion feature to recognize, which will be amortized over the term of the note using the effective interest method. Amortization expense of $2,000 was recognized in the year ended December 31, 2017. 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 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 analyzed the conversion under ASC 470-20 Debt with conversion and other options On December 28, 2016 the convertible promissory notes payable totaling $65,000 and accrued interest of $353 were converted into 3,262,838 shares of restricted common stock. The Company issued a convertible promissory note in the principal amount of $60,000 on August 1, 2016. The note is due two years after issuance, accrues interest at 8% per annum and is convertible into shares of common stock at a price of $0.06 per share. The Company 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 was convertible at $0.021 per share based on the ninety day VWAP ending on the date of funding, the $30,000 convertible promissory note was 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 was 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 analyzed the conversion under ASC 470-20 Debt with conversion and other options On July 22, 2016 the convertible promissory notes payable totaling $160,000 and accrued interest of $4,919 were converted into 4,879,067 shares of restricted common stock, with the remaining debt discount immediately amortized. In the year ended December 31, 2011, the Company issued 3 separate Convertible promissory notes totaling $175,000, with an interest rate of 6%, and are convertible at $0.50 per share. As of December 31, 2017, all of these Notes are past due, and the original terms apply in the default period. Accrued interest on these notes totaled $68,165 and $57,665 at December 31, 2017 and 2016, respectively.

SHAREHOLDERS' DEFICIT

SHAREHOLDERS' DEFICIT	12 Months Ended
	Dec. 31, 2017
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' DEFICIT	NOTE 8 – SHAREHOLDERS’ DEFICIT Preferred Stock Series A Preferred Stock Attributes of Series A Preferred Stock include but are not limited to the following: Distribution in Liquidation The Series A Preferred Stock has a liquidation preference of $10,000,000, payable only upon certain liquidity events or upon achievement of a market value of our equity equaling $200,000,000 or more. Upon any liquidation, dissolution or winding up of the Company, and after paying or adequately providing for the payment of all its obligations, the remainder of the assets of the Company shall be distributed, either in cash or in kind, first pro rata to the holders of the Series A Preferred Stock in an amount equal to the Liquidation Value (as described below); then, to any other series of Preferred Stock, until an amount to be determined by a resolution of the Board of Directors prior to issuances of such Preferred Stock, has been distributed per share, and, then, the remainder pro rata to the holders of the Common Stock. Upon the occurrence of any Liquidation Event (as defined below), each holder of Series A Preferred Stock will receive a payment equal to the Original Issue Price for each share of Series A Preferred Stock held by such holder (the “Liquidation Value”). A “Liquidation Event” will have occurred when: ● The Company has an average market capitalization (calculated by adding the value of all outstanding shares of Common Stock valued at the Company’s closing sale price on the OTCQB or other applicable bulletin board or exchange, plus the value of the outstanding Series A Preferred Stock at the Original Issues Price per share) of $200,000,000 or more over any 90 day period. The holders of the Series A Preferred Stock would have the right, for 30 days after the end of such qualifying 90 day measurement period, to require the Company to purchase the Series A Preferred Stock for an amount equal to the Liquidation Value. ● Any Liquidity Event in which the Company receives proceeds of $50,000,000 or more. For purposes hereof, a “Liquidity Event” means any (a) liquidation, dissolution or winding up of the Company; (b) acquisition of the Company by means of any transaction or series of related transactions (including, without limitation, any reorganization, merger, share exchange, share purchase or consolidation) provided that the applicable transaction shall not be deemed a liquidation unless the Company’s stockholders constituted immediately prior to such transaction hold less than 50% of the voting power of the surviving or acquiring entity; or (c) the sale, lease, transfer or other disposition, in a single transaction or series of related transactions, by the Company or any subsidiary of the Company of all or substantially all the assets of the Company and its subsidiaries taken as a whole, or the sale or disposition (whether by merger or otherwise) of one or more subsidiaries of the Company if substantially all of the assets of the Company and its subsidiaries taken as a whole are held by such subsidiary or subsidiaries. Written notice of any Liquidation Event (the “Liquidation Notice”) shall be given by mail, postage prepaid, or by facsimile to non-U.S. residents, not less than five days prior to the anticipated payment date state therein, to the holders of record of Series A Preferred Stock, such notice to be addressed to each such holder at its address as shown by the records of the Company. The Liquidation Notice shall state (i) the anticipated payment date, and (ii) the total Liquidation Value available for distribution to Series A Preferred Stock shareholders upon the occurrence of the Liquidation Event. Redemption The Series A Preferred Stock may be redeemed in whole or in part as determined by a resolution of the Board of Directors at any time, at a price equal to the Liquidation Value. Voting Rights Shares of Series A Preferred Stock shall have no rights to vote on any matter submitted to a vote of shareholders, except as required by law, in which case each share of Series A Preferred Stock shall be entitled to one vote. Conversion Rights Holders of Series A Preferred Stock will have no right to convert such shares into any other equity securities of the Company. Agreement with Holder of Series A Preferred Stock Simultaneous with the Shea Exchange Agreement (Note 3), Wits Basin exchanged 19,713,544 shares of the Company’s common stock it held for 10,000,000 shares ($.001 par value each) of “Series A Preferred Stock” with an original issue price of $1.00 per share. The Company executed an Agreement with Wits to exchange these preferred shares for shares of common stock. The Company entered into an Agreement on July 29, 2016 with the holder of the Series A Preferred Stock, Wits Basin and Wits Basins’ secured creditor regarding exchange options for the Series A Preferred Stock. Under the terms of the Agreement, upon the occurrence of a Triggering Event (as defined below), the holders of the Preferred Stock will receive the corresponding compensation, the “Triggering Events” and their corresponding compensation are set forth below: Liquidation Rights, Stated Value and Redemption. The Series A Preferred Stock has a stated value of $10,000,000 (referred to herein as “Stated Value”), payable only upon certain events. (a) Upon any liquidation, dissolution or winding up of the Company, and after paying or adequately providing for the payment of all its obligations, the remainder of the assets of the Company shall be distributed, either in cash or in kind, first pro rata to the holders of the Series A Preferred Stock in an amount equal to the Stated Value (as described below); then, to any other series of Preferred Stock, until an amount to be determined by a resolution of the Board of Directors prior to issuances of such Preferred Stock, has been distributed per share, and, then, the remainder pro rata to the holders of the Common Stock. (b) Upon the occurrence of a Triggering Event (as defined below), the holders of the Preferred Stock will receive the corresponding compensation. The “Triggering Events” and their corresponding compensation are set forth below: (1) If either of the following occur: (i) the Company receives proceeds of $10,000,000 or more in a cash offering; or (ii) the Company’s Common Stock trades at $3.00 or more (with proportionate adjustments for stock splits) for 90 consecutive trading days; then all of the 10,000,000 shares of the Preferred Stock will be exchanged for 5,000,000 shares of Common Stock. (2) If the Company has an average market capitalization (calculated by adding the value of all outstanding shares of Common Stock valued at the Company’s closing sale price on the Over the Counter Markets (or other applicable exchange) (the “Market”) of $200,000,000 or more over any consecutive 95 day period following the effective date of this agreement and the effective date of any required duly authorized amendment to the Standard’s Articles of Incorporation, the terms of the Preferred Stock and the subsequent consent of the holder’s secured creditor to the final form and terms of such amendment, and items (1)(i) or (1)(ii) of Section (b) have not been met, then the Company has the right to: (i) issue the number of shares of Common Stock equal to the Stated Value using the average closing sale price of the Common Stock on the Over the Counter Markets of the prior 15 trading days from the date of the notice. The Company will provide 10 days’ prior written notice to the holder and any known secured party of such holder of the Series A Stock of its intention to proceed with this option; or (ii) issue a portion of the Stated Value in shares of Common Stock based on the valuation formula in 3(b)(2)(A) and pay the remaining Stated Value in cash. If this above section is triggered, the Company has three years to choose option (i) or (ii) and pay the Stated Value. The Company has 60 days from the date of notice of its election to pay under either (i) or (ii). Upon payment of the Stated Value, the Series A Shares will be retired. If the above section is triggered and the Company fails to pay the Stated Value within the three year time frame, the Company will take all necessary action to return the Series A Preferred Shares in their original form (containing all original terms and conditions) to the holder with the exception that the Stated Value will be increased to $10,100,000 upon delivery and the Company will lose the exchange options provided in Section (3)(b). The previous terms of the Series A Preferred Stock would have required the Company to make a payment of $10,000,000 upon the Company having an average market capitalization of $200,000,000. This Agreement gives the Company additional payment options and allows for the payment to be made completely or partially in common shares, depending on the Triggering Event. The Company issued five million shares of restricted common stock on April 1, 2016 that are being held in escrow pending a Series A Preferred Stock Triggering Event. Series B Preferred Stock There are no shares of Series B Preferred Stock issued and outstanding. The class of stock has been retired. On April 11, 2016 the Company and Pure Path, a related party, executed an addendum to their Senior Secured Convertible Promissory Note (Note 6) 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.. Common Stock Common Stock issued on conversion of notes payable On July 22, 2016 three convertible promissory notes payable totaling $160,000 and accrued interest of $4,919 were converted into 4,879,067 shares of restricted common stock. On December 28, 2016 a convertible promissory note payable totaling $65,000 and accrued interest of $353 were converted into 3,262,838 shares of restricted common stock. Sale of Common Stock On August 17, 2016 the company received a subscription agreement and $20,000 for 275,028 shares of the Company common stock. Option Grants 2014 Option Plan By Board Resolution effective January 27, 2014, the Company adopted a 2014 Stock Incentive Plan (the “Plan”) to compensate employees and consulting groups in their efforts to enhance the long-term shareholder value of the Company. Pursuant to the Plan, selected persons are offered opportunities to participate in the Company’s growth and success and are encouraged to acquire and maintain stock ownership in the Company. The Plan grants options to purchase shares of the Company’s common stock vesting at dates beginning on the date of grant and issuable at chronological or performance increments. The Plan Administrator may also grandfather in existing options granted during 2013. The shareholders approved the 2014 Plan at the 2014 annual meeting. Under administration by the Compensation Committee (the “Plan Administrator”), a maximum of 75,000,000 shares of common stock are available for issuance under the Plan, subject to adjustment from time to time. Awards may be granted under the Plan to officers, directors, employees and consultants of the Company and as the Plan Administrator selects. The Plan Administrator is authorized, in its sole discretion, to issue options as incentive stock options, which shall be appropriately designated. The term of each option to purchase common stock of the Company is established by the Plan Administrator or, if not so established, is 10 years from the grant date. The Plan Administrator establishes the time at which each option shall vest and become exercisable. If not established in the instrument evidencing the option, the option shall vest and become exercisable according to the following schedule: (i) after one year of the participant’s continuous employment or service with the company or its related corporations, one quarter of the total options will be vested and exercisable; (ii) after each additional six-month period of continuous service completed thereafter, an additional one eighth of the total options will be vested and exercisable; and (iii) after four years, 100% of the options will be vested and exercisable. Under the terms of the Plan, the exercise price for shares shall be paid in cash or check to the Company unless the Plan Administrator determines otherwise. The Plan Administrator shall determine whether the options will continue to be exercisable, and the terms and conditions of such exercise, if a participant ceases to be employed or provide services to the Company. If not so established in the instrument evidencing such options, any portion of an option that is not vested and exercisable on the date of termination of the participant’s employment or service relationship (the “Employment Termination Date”) shall expire on such date. Any portion of an option that is vested and exercisable on the Employment Termination Date shall expire upon the earliest to occur of: (i) if the participant’s Employment Termination Date occurs by reason of retirement, disability or death, the one-year anniversary of such Employment Termination Date; (ii) if the participant’s Employment Termination Date occurs for reasons other than cause, retirement, disability or death, the three-month anniversary of such Employment Termination Date; or (iii) the last day of the option term. Notwithstanding the foregoing, if the participant dies after the Employment Termination Date while the Option is otherwise exercisable, the portion of the option that is vested and exercisable on such Employment Termination Date shall expire upon the earlier to occur of: (a) the last day of the option term; or (b) the first anniversary of the date of death, unless the Plan Administrator determines otherwise. If a participant is terminated for cause, the options shall automatically expire at the time the Company first notifies the participant of the termination. If a participant’s employment is suspended pending investigation of whether they will be terminated for cause, the participant’s rights under any option shall be suspended during the period of investigation. Awards granted under the Plan may not be assigned, except, to the extent permitted by Section 422 of the Internal Revenue Code (the “IRC”), and the Plan Administrator may permit such assignment, transfer and exercisability, and may permit a participant to designate a beneficiary who may exercise the award or receive compensation under the award after the participant’s death. Any award permitted to be assigned shall be subject to the terms and conditions contained in the instrument evidencing the award. The Plan may only be amended by the Company’s Board of Directors, as it deems advisable. Shareholder approval shall be required for any amendment to the extent required for compliance with Section 422 of the IRC, as amended or any applicable law or regulation. The Board may suspend or terminate the Plan at any time. Incentive stock options may not be granted more than 10 years after the later of the Plan’s adoption by the Board or the adoption by the Board of any amendment to the Plan that constitutes adoption of a new plan for the purpose of Section 422 of the IRC. Participants who are residents of California shall be subject to additional terms and conditions until the Common Stock becomes a publicly traded security, under the California Securities Code. On January 16, 2015 the Company’s Chief Operating Officer was granted 2,250,000 options under the 2014 Plan with an exercise price of $1.15 per share for a term of seven years. The options shall vest and become exercisable as follows: (i) 750,000 shall vest on the Date of Grant; (ii) 187,500 shall vest on each of the following dates: April 1, 2015, July 1, 2015, October 1, 2015, January 1, 2016, April 1, 2016, July 1, 2016, October 1, 2016 and January 1, 2017. On March 27, 2015 the Company executed an addendum to the Chief Operating Officer’s employment agreement wherein he agreed to take on additional responsibilities. As consideration, the Company issued an additional 7,000,000 options under the 2014 Plan with an exercise price of $1.00 for a term of seven years. The 7,000,000 options vested in full on grant. 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 $ 0.98 Granted — — Canceled or expired — — Exercised — — Options outstanding –December 31, 2017 32,576,223 $ 0.98 There are no unvested options as of December 31, 2017. The following tables summarize information about stock options outstanding and exercisable: Options Outstanding and Exercisable at December 31, 2017 Range of Number Weighted Weighted Aggregate $0.40 to $0.60 5,276,223 2.9 years $ 0.46 $ — $0.61 to $1.00 9,800,000 2.7 years $ 0.67 $ — $1.01 to $1.50 14,500,000 2.8 years $ 1.25 $ — $1.51 to $2.25 3,000,000 3.3 years $ 1.63 $ — $0.40 to $2.25 32,576,223 2.9 years $ 0.98 $ — Options Outstanding and Exercisable at December 31, 2016 Range of Number Weighted Weighted Aggregate $0.40 to $0.60 5,276,223 3.9 years $ 0.46 $ — $0.61 to $1.00 9,800,000 3.7 years $ 0.67 $ — $1.01 to $1.50 14,500,000 3.8 years $ 1.25 $ — $1.51 to $2.25 3,000,000 4.3 years $ 1.63 $ — $0.40 to $2.25 32,576,223 3.9 years $ 0.98 $ — (1) The aggregate intrinsic value in the table represents the difference between the closing stock price on December 31, 2017 and 2016 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 December 31, 2017 and 2016. Common Stock Purchase Warrants For warrants granted to non-employees in exchange for services, the Company recorded 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 (Note 3) executed a Settlement Agreement on January 22, 2016 (Note 9). 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 December 31, 2017 and December 31, 2016: Number Weighted Range 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 (150,000 ) $ 2.00 $ 2.00 Exercised — Outstanding at December 31, 2017 6,125,640 $ 0.77 $ 0.20 – 1.23 Warrants exercisable at December 31, 2017 6,125,640 The aggregate intrinsic value of the 6,125,640 and 6,275,640 outstanding and exercisable warrants at December 31, 2017 and 2016 was $0. The intrinsic value is the difference between the closing stock price on December 31, 2017 and 2016 and the exercise price, multiplied by the number of in-the-money warrants had all warrant holders exercised their warrants on December 31, 2017 and 2016.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 9 – 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. 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 Wits Basin Precious Minerals, Inc., Lee Levine, Michael Lepore, Mark McLain, Morton Waldman, Allan Staller, Thomas McAdam, Arthur Brown, DJ Sikka, and Bryan Reichel v. Standard Metals Processing, Inc. f/k/a Standard Gold, Inc., Nevada Corporation On September 10, 2014, Wits Basin Precious Minerals, Inc. filed suit against Standard Metals Processing, Inc. in the United States District Court for the District of Nevada asserting breach of contract, anticipatory breach of contract and equitable relief. On October 16, 2014, Wits Basin filed an Amended Complaint, adding new parties and alleging that Standard Metals had refused to allow it to exercise its option to purchase shares granted to it pursuant to an Exchange Agreement, dated March 15, 2011, so that Wits Basin could obtain shares to meet its requirements under private option agreements it had entered into with option holders, allowing those option holders certain rights, options and warrants to purchase stock in Standard Metals. On November 5, 2014, Standard Metals filed a Second Motion to Dismiss Wits Basin et al.’s Amended Complaint. On March 13, 2015, the Court issued an Order granting in part and denying in part Standard Metals’ Motion to Dismiss the action. The Court dismissed with prejudice Wits Basin et al.’s claims of breach of contract and anticipatory repudiation of the contract. However, the Court allowed Wits Basin et al’s claim against Standard Metals of interference with contract to go forward. 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 Company will also pay $14,665 in plaintiffs’ legal fees. As of December 31, 2017, $8,350 of the attorneys’ fees have been paid and all warrants have been issued.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 10 - INCOME TAXES The components of income tax expense for the years ended December 31, 2017 and 2016 consist of the following: 2017 2016 Current tax provision $ — $ — Deferred tax benefit (203,000 ) (321,000 ) Valuation allowance 203,000 321,000 Total income tax provision $ — $ — Reconciliations between the statutory rate and the effective tax rate for the years ended December 31, 2017 and 2016 consist as follows: 2017 2016 Federal statutory tax rate (34.0 )% (34.0 )% State taxes, net of federal benefit 0 % 0 % Permanent differences — — % Valuation allowance 34 % 34 % Effective tax rate — — Significant components of the Company’s deferred tax assets as of December 31, 2017 and 2016 are summarized below. The calculations presented below at December 31, 2017 reflect the new U.S. federal statutory corporate tax rate of 21% effective January 1, 2018 (see Note 2). 2017 2016 Deferred tax assets: Net operating loss carryforwards $ 7,133,000 $ 11,299,000 Impairment of assets 6,941,000 11,310,000 Stock based compensation 2,228,000 3,607,000 Loss on settlement of debt 32,000 51,000 Total deferred tax asset 16,334,000 26,267,000 Valuation allowance (16,334,000 ) (26,267,000 ) $ — $ — As of December 31, 2017, the Company had approximately $33,969,000 of federal net operating loss carry forwards. These carry forwards, if not used, will begin to expire in 2028. Future utilization of their net operating loss carry forwards is subject to certain limitations under Section 382 of the Internal Revenue Code. The Company believes that the issuance of their common stock in exchange for the Shea Mining and Milling properties in March of 2011 resulted in an “ownership change” under the rules and regulations of Section 382. Accordingly, the Company’s ability to utilize their net operating losses generated prior to this date is limited to approximately $1,000,000 annually. As of December 31, 2017, we do not believe any of our net operating loss carry forward consists of deductions generated by the exercise of warrants or options to purchase our stock. In the future, the stock options referenced in the above table of deferred tax items may be exercised and we may receive a tax deduction. To the extent that the tax deduction is included in a net operating loss carry forward and is in excess of amounts recognized for book purposes, no benefit will be recognized until the loss carry forward is recognized. Upon utilization and realization of the carry forward, the corresponding change in the deferred asset and valuation allowance will be recorded as additional paid-in capital. We provide for a valuation allowance when it is more likely than not that we will not realize a portion of the deferred tax assets. We have established a valuation allowance against our net deferred tax asset due to the uncertainty that enough taxable income will be generated in those taxing jurisdictions to utilize the assets. Therefore, we have not reflected any benefit of such deferred tax assets in the accompanying financial statements. Our net deferred tax asset and valuation allowance decreased by $9,933,000 in the year ended December 31, 2017, $10,089,000 of which related to the decrease in the expected future tax rate as a result of the Tax Reform Law. We reviewed all income tax positions taken or that we expect to be taken for all open years and determined that our income tax positions are appropriately stated and supported for all open years. The Company is subject to U.S. federal income tax examinations by tax authorities for years after 2011 due to unexpired net operating loss carryforwards originating in and subsequent to that year. The Company may be subject to income tax examinations for the various taxing authorities which vary by jurisdiction.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 11 – SUBSEQUENT EVENTS In January 2018 the Company issued three convertible promissory notes in the principal amounts of $8,000, $40,000 and $15,000. The notes are due one year after issuance, accrues interest at 6% per annum and is convertible into shares of common stock at a price of $0.05 per share. On January 29, 2018 six of the convertible promissory notes payable totaling principal of $144,796 and accrued interest of $3,385 were converted into 2,693,978 shares of restricted common stock, at conversion prices ranging from $0.025 to $0.075.

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Standard Metals Processing, Inc., and its wholly owned subsidiaries Tonopah Milling and Metals Group, Inc. and its wholly owned subsidiaries Tonopah Custom Processing, Inc., and Tonopah Resources, Inc. All significant intercompany transactions, accounts and balances have been eliminated in consolidation.
Cash and Cash Equivalents	Cash and Cash Equivalents We maintain our cash in high-quality financial institutions. The balances, at times, may exceed federally insured limits.
Property, Plant and Equipment	Property, Plant and Equipment Property and equipment are recorded at cost and depreciated, once placed in service, using the straight-line method over estimated useful lives as follows: Years Machinery and equipment 2-7 Vehicle 2 Maintenance and repairs are charged to expense as incurred; major renewals and betterments are capitalized. As items of property or equipment are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is included in operating income.
Long-Lived Assets	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. There were no impairment charges during the years ended December 31, 2017 and December 31, 2016.
Use of Estimates	Use of Estimates Preparing 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.
Revenue Recognition and Deferred Revenue	Revenue Recognition and Deferred Revenue As of December 31, 2017, we have recorded no revenues from custom permitted processing toll milling.
Financial Instruments	Financial Instruments The carrying amounts for all financial instruments approximates fair value. The carrying amounts for cash, accounts payable and accrued liabilities approximated fair value because of the short maturity of these instruments. The fair value of short-term debt approximated the carrying amounts based upon the expected borrowing rate for debt with similar remaining maturities and comparable risk.
Loss per Common Share	Loss per Common Share Basic earnings (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 earnings 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 December 31, 2017 and 2016, the weighted average shares from stock options of 32,576,223 and 32,576,223, respectively and warrants of 6,125,640 and 6,275,640, and number of equivalent shares of convertible notes payable 3,020,704 and 1,000,000 respectively 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.
Income Taxes	Income Taxes Income taxes are accounted for based upon an asset and liability approach. Accordingly, deferred tax assets and liabilities arise from the difference between the tax basis of an asset or liability and its reported amount in the financial statements. Deferred tax amounts are determined using the tax rates expected to be in effect when the taxes will actually be paid or refunds received, as provided under currently enacted tax law. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense or benefit is the tax payable or refundable, respectively, for the period plus or minus the change in deferred tax assets and liabilities during the period. Accounting guidance requires the recognition of a financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The Company believes its income tax filing positions and deductions will be sustained upon examination and accordingly, no reserves, or related accruals for interest and penalties have been recorded at December 31, 2017 and 2016. The Company recognizes interest and penalties on unrecognized tax benefits as well as interest received from favorable tax settlements within income tax expense. On December 22, 2017, the President of the United States signed and enacted into law H.R. 1 (the “Tax Reform Law”). The Tax Reform Law, effective for tax years beginning on or after January 1, 2018, except for certain provisions, resulted in significant changes to existing United States tax law, including various provisions that are expected to impact the Company. The Tax Reform Law reduces the federal corporate tax rate from 30% to 21% effective January 1, 2018. The Company will continue to analyze the provisions of the Tax Reform Law to assess the impact on the Company’s consolidated financial statements.
Recent Accounting Standards	Recent Accounting Standards 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. As there have been no revenues to date, the Company does not expect the adoption to have a material impact and no transition method will be necessary upon adoption. In February 2016, the FASB issued ASU No. 2016-02, Leases During the year ended December 31, 2017 and through June 8, 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 December 31, 2017, through the date which the consolidated financial statements were issued. Based upon the review, other than described in Note 11 – Subsequent Events, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the consolidated financial statements.

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2017
Property, plant and equipment:
Components of Property Plant and Equipment	Components of our property, plant and equipment are as follows: December 31, 2017 2016 Machinery and 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' DEFICIT (Tables)

SHAREHOLDERS' DEFICIT (Tables)	12 Months Ended
	Dec. 31, 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 $ 0.98 Granted — — Canceled or expired — — Exercised — — Options outstanding –December 31, 2017 32,576,223 $ 0.98
Schedule of stock options by exercise price range	The following tables summarize information about stock options outstanding and exercisable: Options Outstanding and Exercisable at December 31, 2017 Range of Number Weighted Weighted Aggregate $0.40 to $0.60 5,276,223 2.9 years $ 0.46 $ — $0.61 to $1.00 9,800,000 2.7 years $ 0.67 $ — $1.01 to $1.50 14,500,000 2.8 years $ 1.25 $ — $1.51 to $2.25 3,000,000 3.3 years $ 1.63 $ — $0.40 to $2.25 32,576,223 2.9 years $ 0.98 $ — Options Outstanding and Exercisable at December 31, 2016 Range of Number Weighted Weighted Aggregate $0.40 to $0.60 5,276,223 3.9 years $ 0.46 $ — $0.61 to $1.00 9,800,000 3.7 years $ 0.67 $ — $1.01 to $1.50 14,500,000 3.8 years $ 1.25 $ — $1.51 to $2.25 3,000,000 4.3 years $ 1.63 $ — $0.40 to $2.25 32,576,223 3.9 years $ 0.98 $ — (1) The aggregate intrinsic value in the table represents the difference between the closing stock price on December 31, 2017 and 2016 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 December 31, 2017 and 2016.
Schedule of stock warrants outstanding	The following table summarizes information about the Company’s stock purchase warrants outstanding at December 31, 2017 and December 31, 2016: Number Weighted Range 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 (150,000 ) $ 2.00 $ 2.00 Exercised — Outstanding at December 31, 2017 6,125,640 $ 0.77 $ 0.20 – 1.23 Warrants exercisable at December 31, 2017 6,125,640

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of components of Income Tax Expense (Benefit)	The components of income tax expense for the years ended December 31, 2017 and 2016 consist of the following: 2017 2016 Current tax provision $ — $ — Deferred tax benefit (203,000 ) (321,000 ) Valuation allowance 203,000 321,000 Total income tax provision $ — $ —
Schedule of effective Income Tax Rate Reconciliation	Reconciliations between the statutory rate and the effective tax rate for the years ended December 31, 2017 and 2016 consist as follows: 2017 2016 Federal statutory tax rate (34.0 )% (34.0 )% State taxes, net of federal benefit 0 % 0 % Permanent differences — — % Valuation allowance 34 % 34 % Effective tax rate — —
Schedule of deferred tax assets	Significant components of the Company’s deferred tax assets as of December 31, 2017 and 2016 are summarized below. 2017 2016 Deferred tax assets: Net operating loss carryforwards $ 7,133,000 $ 11,299,000 Impairment of assets 6,941,000 11,310,000 Stock based compensation 2,228,000 3,607,000 Loss on settlement of debt 32,000 51,000 Total deferred tax asset 16,334,000 26,267,000 Valuation allowance (16,334,000 ) (26,267,000 ) $ — $ —

Nature Of Business (Details Nar

Nature Of Business (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Nature Of Business [Line Items]
Income (Loss) from operations before extraordinary items	$ (596,693)	$ (940,935)
Retained earnings (Accumulated Deficit)	(103,174,808)	$ (102,578,115)
Working capital deficit	(9,738,000)
Amount received	63,000
Convertible Promissory Notes Payable [Member]
Nature Of Business [Line Items]
Cash proceeds from short-term debt	$ 160,000

SUMMARY OF SIGNIFICANT ACCOUN23

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2017
Machinery and equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Machinery and equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years

SUMMARY OF SIGNIFICANT ACCOUN24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Impairment charges	$ 0	$ 0
Stock Option [Member]
Antidilutive effect shares (in shares)	32,576,223	32,576,223
Warrant [Member]
Antidilutive effect shares (in shares)	6,125,640	6,275,640
Convertible Debt Securities [Member]
Antidilutive effect shares (in shares)	3,020,704	1,000,000

SHEA MILLING AND MINING ASSETS

SHEA MILLING AND MINING ASSETS (Details Narrative)	Mar. 15, 2011shares	Dec. 31, 2017USD ($)ft²	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Disclosure Acquisition Of Shea Milling and Mining Assets Additional Information [Abstract]
Issuance of common stock for Shea Mining and Milling assets (in shares) | shares	35,000,000
Area of land | ft²		21,875
Investments and Other Noncurrent Assets | $		$ 2,108,300	$ 2,108,300	$ 2,108,300

PROPERTY, PLANT AND EQUIPMENT26

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Dec. 31, 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
Machinery and equipment [Member]
Property, Plant and Equipment, Gross	$ 21,000	$ 21,000

SENIOR SECURED PROMISSORY NOT27

SENIOR SECURED PROMISSORY NOTE, RELATED PARTY (Details Narrative) - USD ($)	Oct. 10, 2013	Dec. 31, 2017	Dec. 31, 2016
Outstanding principal balance		$ 2,229,187	$ 2,229,187
8% Senior Secured Convertible Promissory Note Due on April 10, 2015 [Member]
Outstanding principal balance		2,229,187	2,229,187
Accrued interest		$ 768,982	$ 582,264
8% Senior Secured Convertible Promissory Note Due on April 10, 2015 [Member] | Pure Path Capital Management Company, LLC [Member]
Debt face amount	$ 2,500,000
Original principal balance	$ 1,933,345
Number of shares issued upon debt conversion (in shares)	27,000,000
Debt default additional interest	15.00%
Debt collateral	The Note is securitized by any and all of Borrower’s tangible or intangible assets, already acquired or hereinafter acquired, including but not limited to: machinery, inventory, accounts receivable, cash, computers, hardware, mineral rights, etc.

PROMISSORY NOTES PAYABLE - RE28

PROMISSORY NOTES PAYABLE - RELATED PARTY (Details Narrative) - 8% Unsecured Promissory Note [Member] - Tina Gregerson Family Properties, LLC [Member] - USD ($)	Nov. 04, 2015	Oct. 29, 2015	Oct. 20, 2015	Jul. 31, 2015	Apr. 13, 2015	Feb. 13, 2015	Feb. 11, 2015	Dec. 31, 2017	Dec. 31, 2016
Debt face amount							$ 750,000
Maturity date description							Maturity of each tranche is one year from the date of receipt.
Cash proceeds	$ 15,000	$ 12,000	$ 2,500	$ 150,000	$ 50,000	$ 48,000	$ 200,000
Accrued interest								$ 871,317	$ 678,466

CONVERTIBLE NOTES PAYABLE (Deta

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

Feb. 07, 2018

Jan. 28, 2018

Jan. 24, 2018

Jan. 22, 2018

Dec. 29, 2017

Dec. 26, 2017

Oct. 17, 2017

Aug. 22, 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

Dec. 28, 2017

Jul. 22, 2017

Mar. 31, 2016

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2011

Amortization of debt discount

$ 92,647

$ 249,070

Convertible Notes Payable [Member]

Cash proceeds

$ 10,000

$ 10,000

Original debt conversion

$ 65,000

$ 160,000

Number of shares issued upon debt conversion (in shares)

3,262,838

Amortization of debt discount

2,000

Convertible Notes Payable [Member] | Subsequent Event [Member]

Debt face amount

$ 10,000

Debt term

1 year

Stock conversion price (in dollars per share)

$ 0.065

Beneficial conversion feature

$ 4,000

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

Debt term

2 years

Stock conversion price (in dollars per share)

$ 0.06

Beneficial conversion feature

$ 60,000

Debt maturity date

Aug. 1, 2018

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

Accrued interest

68,165

$ 57,665

6% Convertible Promissory Note [Member]

Cash proceeds

$ 10,000

Amortization of debt discount

$ 1,000

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

Debt face amount

$ 10,000

Debt term

1 year

Stock conversion price (in dollars per share)

$ 0.08

Beneficial conversion feature

$ 4,000

6% Convertible Promissory Note [Member]

Cash proceeds

$ 5,000

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

Debt face amount

$ 5,000

Debt term

1 year

Stock conversion price (in dollars per share)

$ 0.025

Beneficial conversion feature

$ 3,000

Revised stock conversion price (in dollars per share)

$ 0.05

6% Convertible Promissory Note [Member]

Cash proceeds

$ 4,756

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

Debt face amount

$ 4,756

Debt term

1 year

Stock conversion price (in dollars per share)

$ 0.025

Beneficial conversion feature

$ 3,000

SHAREHOLDERS' DEFICIT (Details)

SHAREHOLDERS' DEFICIT (Details) - $ / shares	12 Months Ended
	Dec. 31, 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 (in dollars per share)	$ 0.98	$ 0.99
Granted (in dollars per share)
Canceled or expired (in dollars per share)		0.88
Exercised (in dollars per share)
Options outstanding (in dollars per share)	$ 0.98	$ 0.98

SHAREHOLDERS' DEFICIT (Details

SHAREHOLDERS' DEFICIT (Details 1) - USD ($)		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016
$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 (in dollars per share)		$ 0.40	$ 0.40
Exercise price upper range limit (in dollars per share)		$ 0.60	$ 0.60
Number Outstanding (in shares)		5,276,223	5,276,223
Weighted Remaining Contractual Life		2 years 10 months 24 days	3 years 10 months 24 days
Weighted Average Exercise Price (in dollars per share)		$ 0.46	$ 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 (in dollars per share)		$ 0.61	$ 0.61
Exercise price upper range limit (in dollars per share)		$ 1	$ 1
Number Outstanding (in shares)		9,800,000	9,800,000
Weighted Remaining Contractual Life		2 years 8 months 12 days	3 years 8 months 12 days
Weighted Average Exercise Price (in dollars per share)		$ 0.67	$ 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 (in dollars per share)		$ 1.01	$ 1.01
Exercise price upper range limit (in dollars per share)		$ 1.50	$ 1.50
Number Outstanding (in shares)		14,500,000	14,500,000
Weighted Remaining Contractual Life		2 years 9 months 18 days	3 years 9 months 18 days
Weighted Average Exercise Price (in dollars per share)		$ 1.25	$ 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 (in dollars per share)		$ 1.51	$ 1.51
Exercise price upper range limit (in dollars per share)		$ 2.25	$ 2.25
Number Outstanding (in shares)		3,000,000	3,000,000
Weighted Remaining Contractual Life		3 years 3 months 18 days	4 years 3 months 18 days
Weighted Average Exercise Price (in dollars per share)		$ 1.63	$ 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 (in dollars per share)		$ 0.40	$ 0.40
Exercise price upper range limit (in dollars per share)		$ 2.25	$ 2.25
Number Outstanding (in shares)		32,576,223	32,576,223
Weighted Remaining Contractual Life		2 years 10 months 24 days	3 years 10 months 24 days
Weighted Average Exercise Price (in dollars per share)		$ 0.98	$ 0.98
Aggregate Intrinsic Value	[1]
[1]	The aggregate intrinsic value in the table represents the difference between the closing stock price on December 31, 2017 and 2016 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 December 31, 2017 and 2016.

SHAREHOLDERS' DEFICIT (Detail32

SHAREHOLDERS' DEFICIT (Details 2) - Warrant [Member] - $ / shares	12 Months Ended
	Dec. 31, 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	150,000
Exercised
Ending Balance	6,125,640	6,275,640	5,015,640
Warrants exercisable	6,125,640
Class of Warrant or Right Outstanding, Weighted Average Exercise Price
Beginning Balance (in dollars per share)	$ 0.86	$ 0.88
Granted (in dollars per share)		2
Cancelled or expired (in dollars per share)	2
Exercised (in dollars per share)
Ending Balance (in dollars per share)	0.77	$ 0.86	$ 0.88
Class of Warrant or Right Outstanding Exercise Price Range
Cancelled or expired (in dollars per share)	2
Class of Warrant or Right Outstanding Weighted Average Remaining Contractual Life
Outstanding		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 (in dollars per share)	0.20	$ 0.20
Granted (in dollars per share)		0.30
Cancelled or expired (in dollars per share)
Exercised (in dollars per share)
Ending Balance (in dollars per share)	0.20	0.20	$ 0.20
Maximum [Member]
Class of Warrant or Right Outstanding Exercise Price Range
Begining Balance (in dollars per share)	2	2
Granted (in dollars per share)		1.25
Cancelled or expired (in dollars per share)
Exercised (in dollars per share)
Ending Balance (in dollars per share)	$ 1.23	$ 2	$ 2

SHAREHOLDERS' DEFICIT (Detail N

SHAREHOLDERS' DEFICIT (Detail Narrative) - USD ($)	1 Months Ended						12 Months Ended
	Dec. 28, 2017	Jul. 22, 2017	Jan. 22, 2016	Jan. 16, 2015	Jan. 27, 2014	Jan. 21, 2012	Dec. 31, 2017	Dec. 31, 2016	Aug. 17, 2017
Stock Incentive Plan, option expiration term						10 years
Guarantor Obligations, Liquidation Proceeds, Monetary Amount							$ 50,000,000
Common Stock, Shares Subscribed but Unissued									275,028
Common Stock Shares Authorized							500,000,000	500,000,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price
Aggregate intrinsic value							$ 6,125,640	$ 6,275,640
Common Stock, Value, Subscriptions									$ 20,000
Wits Basin Precious Minerals Inc [Member] | Exercise Price Range1 [Member]
Warrants To Purchase Common Stock			630,000
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 0.70
Wits Basin Precious Minerals Inc [Member] | Exercise Price Range2 [Member]
Warrants To Purchase Common Stock			630,000
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 0.30
Stock Option Plan Two Thousand Fourteen [Member]
Stock Incentive Plan, option expiration term					10 years
Common Stock Shares Authorized					75,000,000
Convertible Notes Payable [Member]
Debt Conversion, Accrued Interest, Amount	$ 353	$ 4,919
Debt Conversion, Original Debt, Amount	$ 65,000	$ 160,000
Debt Conversion, Converted Instrument, Shares Issued	3,262,838
Convertible Notes Payable [Member] | Restricted Stock [Member]
Debt Conversion, Converted Instrument, Shares Issued		4,879,067
Series Preferred Stock [Member]
Temporary Equity, Par or Stated Value Per Share							$ 0.001	$ .001
Preferred Stock, Redemption Amount							$ 10,000,000
Stockholders' Equity, Period Increase (Decrease)							$ 10,100,000
Shea Exchange Agreement [Member]
Wits Basin common stock exchanged for preferred shares							19,713,544
Stock issued for cash (in shares)							10,000,000
Share Price							$ 1
Market Capitalization							$ 200,000,000
Shea Exchange Agreement [Member] | Series Preferred Stock [Member] | Non Voting Five Percentage Series A Preferred Stock [Member]
Market Capitalization							$ 200,000,000
Preferred Stock [Member]
Stock issued for cash (in shares)							0
Proceeds from Issuance of Preferred Stock and Preference Stock							$ 10,000,000
Preferred Stock, Value, Issued							10,000,000
Common Stock, Value, Outstanding							$ 200,000,000
Common stock outstanding [Member]
Stock issued for cash (in shares)							4,275,028	275,028
Conversion of Stock, Shares Issued							5,000,000
Shares Issued, Price Per Share							$ 3
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				2,250,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price				$ 1.15
Description for options exercisable One				750,000 shall vest on the Date of Grant
Description for options exercisable two				187,500 shall vest on each of the following dates: April 1, 2015, July 1, 2015, October 1, 2015, January 1, 2016, April 1, 2016, July 1, 2016, October 1, 2016 and January 1, 2017
Share Based Compensation Arrangement By Share Based Payment Award Additional Shares Issued In Period				7,000,000
Share Based Compensation Arrangement By Share Based Payment Award Additional Shares exercise price				$ 1

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Jan. 22, 2016	Aug. 12, 2015	Dec. 31, 2017	Dec. 31, 2016
CommonStockMember
Number of shares issued			4,275,028	275,028
Stephen E. Flechner v. Standard Metals Processing, Inc [Member]
Damages paid		$ 2,157,000
Interest damages paid		235,246
Interest damages paid,per day		$ 473
Midwest Investment Partners, LLC v. Standard Metals Processing, Inc.
Damages paid			$ 80,000
Wits Basin Precious Minerals Inc [Member] | CommonStockMember | Settlement Agreement [Member]
Number of shares issued	630,000
Exercise price of warrants (in dollars per share)	$ 0.70
Legal fees			14,665
Wits Basin Precious Minerals Inc [Member] | Warrant [Member] | Settlement Agreement [Member]
Number of shares issued	630,000
Exercise price of warrants (in dollars per share)	$ 0.30
Legal fees			$ 8,350

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Current tax provision
Deferred tax benefit	(203,000)	(321,000)
Valuation allowance	203,000	321,000
Total income tax provision

INCOME TAXES (Details 1)

INCOME TAXES (Details 1)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Federal statutory tax rate	(34.00%)	(34.00%)
State taxes, net of federal benefit	0.00%	0.00%
Permanent differences
Valuation allowance	34.00%	34.00%
Effective tax rate

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Net operating loss carryforwards	$ 7,133,000	$ 11,299,000
Impairment of assets	6,941,000	11,310,000
Stock based compensation	2,228,000	3,607,000
Loss on settlement of debt	32,000	51,000
Total deferred tax asset	16,334,000	26,267,000
Valuation allowance	(16,334,000)	(26,267,000)
Deferred tax assets, net of valuation allowance

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	12 Months Ended
	Dec. 31, 2017USD ($)
Income Tax Disclosure [Abstract]
Operating loss carryforwards	$ 33,969,000
Operating loss carryforwards, limitations on use	1,000,000 annually
Valuation allowance, deferred tax asset, change in amount	$ 9,933,000
Operating loss carry forwards expiration period	2,028
Decrease in the expected future tax rate	$ 10,089,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Jan. 29, 2018	Jan. 31, 2018
6% One Convertible Promissory Note [Member]
Debt face amount		$ 8,000
Debt term		1 year
Stock conversion price (in dollars per share)		$ 0.05
6% Two Convertible Promissory Note [Member]
Debt face amount	$ 144,796	$ 40,000
Debt term		1 year
Stock conversion price (in dollars per share)		$ 0.05
Accrued interest	$ 3,385
6% Two Convertible Promissory Note [Member] | Restricted Stock [Member]
Number of shares issued upon debt conversion (in shares)	2,693,978
6% Two Convertible Promissory Note [Member] | Restricted Stock [Member] | Minimum [Member]
Stock conversion price (in dollars per share)	$ 0.025
6% Two Convertible Promissory Note [Member] | Restricted Stock [Member] | Maximum [Member]
Stock conversion price (in dollars per share)	$ 0.075
6% Three Convertible Promissory Note [Member]
Debt face amount		$ 15,000
Debt term		1 year
Stock conversion price (in dollars per share)		$ 0.05