Applied Minerals (AMNL) 10-Q 16 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 13, 2016
Entity Registrant Name	Applied Minerals, Inc.
Entity Central Index Key	8,328
Trading Symbol	amnl
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		97,392,709
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 900,577	$ 1,803,131
Accounts receivable	264,457	176,205
Deposits and prepaid expenses	$ 251,095	322,922
Other current receivables		94,647
Total Current Assets	$ 1,416,129	2,396,905
Property and Equipment, net	4,937,849	5,206,825
Deposits	269,272	269,202
Assets Held for Sale	380,999	445,180
Total Other Assets	650,271	714,382
TOTAL ASSETS	7,004,249	8,318,112
Current Liabilities
Accounts payable and accrued liabilities	1,649,528	1,623,152
Current portion of notes payable	128,168	210,429
Total Current Liabilities	1,777,696	1,833,581
Long-Term Liabilities
Long-term portion of notes payable	28,135	33,688
PIK Notes payable, net of $17,084,480 and $17,572,885 debt discount, respectively	18,180,058	17,051,636
PIK Note derivative	3,104,942	5,138,857
Total Long-Term Liabilities	21,313,135	22,224,181
Total Liabilities	$ 23,090,831	$ 24,057,762
Commitments and Contingencies (Note 10)
Stockholders’ (Deficit)
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 200,000,000 shares authorized, 97,286,772 and 97,144,736 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	$ 97,287	$ 97,145
Additional paid-in capital	66,296,699	66,106,631
Accumulated deficit prior to the exploration stage	(20,009,496)	(20,009,496)
Accumulated deficit during the exploration stage	(62,471,072)	(61,933,930)
Total Stockholders’ (Deficit)	(16,086,582)	(15,739,650)
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT)	$ 7,004,249	$ 8,318,112

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Debt Discount	$ 17,084,480	$ 17,572,885
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	97,286,772	97,144,736
Common stock, shares outstanding (in shares)	97,286,772	97,144,736

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
PIK Note Derivative Liability [Member]
OTHER INCOME (EXPENSE):
(Loss) gain on revaluation of PIK Note derivative	$ 2,033,915	$ (92,741)
REVENUES	1,001,628	162,747
Production costs	4,549	2,235
Exploration costs	778,879	1,327,281
General and administrative	1,173,826	1,182,309
Depreciation expense	336,087	326,222
Total Operating Expenses	2,293,341	2,838,047
Operating Loss	(1,291,713)	(2,675,300)
Interest expense, net, including amortization of deferred financing cost and debt discount	(1,372,420)	(1,028,627)
Interest Income	(585)	$ 0
Gain on sale of property	$ (92,491)
Other expense		$ (397,797)
Total Other Income (Expense)	$ 754,571	(1,519,165)
Net loss	$ (537,142)	$ (4,194,465)
Net Loss Per Share (Basic and Diluted) (in dollars per share)	$ (0.01)	$ (0.04)
Weighted Average Shares Outstanding (Basic and Diluted) (in shares)	97,243,610	95,107,112

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Deficit (Unaudited) - 3 months ended Mar. 31, 2016 - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit Prior to Exploration Stage [Member]	Accumulated Deficit During Exploration Stage [Member]	Total
Balance (in shares) at Dec. 31, 2015	97,144,736
Balance at Dec. 31, 2015	$ 97,145	$ 66,106,631	$ (20,009,496)	$ (61,933,930)	$ (15,739,650)
Stock Issued During Period, Shares, Issued for Services	142,036
Stock Issued During Period, Value, Issued for Services	$ 142	63,087			63,229
Stock-based compensation expense for consultants and directors		126,981			126,981
Net Income (Loss) Attributable to Parent				(537,142)	(537,142)
Balance (in shares) at Mar. 31, 2016	97,286,772
Balance at Mar. 31, 2016	$ 97,287	$ 66,296,699	$ (20,009,496)	$ (62,471,072)	$ (16,086,582)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities:
Net Income (Loss) Attributable to Parent	$ (537,142)	$ (4,194,465)
Adjustments to reconcile net loss to net cash used in operations
Depreciation	336,087	326,222
Amortization of discount - PIK Notes	488,403	231,404
Amortization of deferred financing costs	1,875	1,875
Issuance of PIK Notes in payment of interest	638,142	578,813
Stock issued for director fees and other services	63,229	117,873
Stock-based compensation expense for consultants and directors	126,981	99,938
(Gain) loss on revaluation of PIK Note derivative	(2,033,915)	$ 92,741
Gain on sale of property	(92,491)
Change in operating assets and liabilities:
Accounts receivable	(88,251)	$ (31,439)
Other current receivables	94,647
Deposits and prepaids	71,758	$ 37,079
Accounts payable and accrued liabilities	26,376	(116,856)
Net cash used in operating activities	(904,301)	$ (2,856,815)
Cash Flows From Investing Activities:
Sale of property	156,672
Purchases of property and equipment	(67,111)
Net cash provided by investing activities	89,561
Cash Flows From Financing Activities:
Payments on notes payable	(87,814)	$ (113,558)
Net cash used in financing activities	(87,814)	(113,558)
Net change in cash and cash equivalents	(902,554)	(2,970,373)
Cash and cash equivalents at beginning of period	1,803,131	10,701,666
Cash and cash equivalents at end of period	900,577	7,731,293
Cash Paid For:
Interest	$ 1,296	$ 4,198
Income Taxes

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	NOTE 1 – BASIS OF PRESENTATION In the opinion of management, the accompanying unaudited, condensed, consolidated financial statements contain all adjustments necessary to present fairly the financial position of Applied Minerals, Inc. ("Applied Minerals" or "the Company" or "we") and its results of operations and cash flows for the interim periods presented. Such financial statements have been condensed in accordance with the applicable regulations of the Securities and Exchange Commission and, therefore, do not include all disclosures required by accounting principles generally accepted in the United States of America. These financial statements should be read in conjunction with the Company's audited financial statements for the year ended December 31, 2015, included in the Company's Annual Report filed on Form 10-K for such year. The results of operations for the three months ended March 31, 2016 are not necessarily indicative of the results to be expected for the entire year.

Note 2 - Organization and Descr

Note 2 - Organization and Description of Business	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 2 – ORGANIZATION AND DESCRIPTION OF BUSINESS Applied Minerals is the owner of the Dragon Mine located in the Tintic Mining District of the State of Utah from where it produces halloysite clay and iron oxide. The Company is currently in various phases of commercial scale trials with several organizations in various markets with respect to uses of its products. Applied Minerals is a publicly traded company incorporated in the state of Delaware. The common stock trades on the OTC Bulletin Board under the symbol AMNL.

Note 3 - Liquidity

Note 3 - Liquidity	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Liquidity [Text Block]	NOTE 3 – LIQUIDITY The Company has a history of recurring losses from operations and use of cash in operating activities. For the three months ended March 31, 2016, the Company's net loss was $537,142 and cash used in operating activities was $904,301. In addition, at March 31, 2016, the Company had a working capital deficiency of $361,567, which includes $1,113,727 of accrued PIK Note interest and $148,851 of payables for which the Company believes it has a statute of limitations defense. Furthermore, the Company last obtained financing in November 2014 but cannot provide any assurance that it will be able to raise additional financing if needed. Collectively, these factors raise substantial doubt about the Company’s ability to continue as a going concern. Based on the Company’s current cash usage expectations for 2016, it believes it will have sufficient liquidity to fund its operations for at least the next 12 months only if it successfully accelerates the fulfillment of the aforementioned take-or-pay agreement to December 2016 on acceptable economic terms. However, the Company can provide no assurances that it will be able to negotiate an agreement to accelerate the fulfillment of the agreement on acceptable economic terms. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company not be able to continue as a going concern. On March 23, 2016, the Company entered into an agreement to sell the fourth property for gross proceeds of $418,000. The sale closed on April 21, 2016 and the net proceeds to the Company totaled approximately $380,000, net of a 10% buyer’s premium paid to the auction firm, J.P. King.

Note 4 - Summary of Significant

Note 4 - Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 4– SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Exploration-Stage Company From 1997 through 2008, the Company’s sole source of revenue and income was derived from its contract mining business through which it provided shaft sinking, underground mine development and mine labor services. At December 31, 2008, the Company discontinued its contract mining efforts due to economic conditions and the desire to concentrate its efforts on the commercialization of the halloysite clay deposit at the Dragon Mine. Effective January 1, 2009, the Company was, and still is, classified as an exploration company as the existence of proven or probable reserves have not been demonstrated and no significant revenue has been earned from the mine. Under the SEC’s Industry Guide 7, a mining company is considered an exploration stage company until it has declared mineral reserves determined in accordance with the guide and staff interpretations thereof. Principles of Consolidation The accompanying consolidated financial statements include the accounts of Applied Minerals, Inc. and its inactive subsidiary in northern Idaho. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. In these condensed consolidated financial statements, the PIK Note derivative liability, stock compensation and impairment of long-lived assets involve extensive reliance on management’s estimates. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents include all highly liquid investments with a term of three months or less. The Company minimizes its credit risk by investing its cash and cash equivalents, which sometimes exceeds FDIC limits, with major financial institutions located in the United States with a high credit rating. Receivables Trade receivables are reported at outstanding principal amounts, net of an allowance for doubtful accounts. Management evaluates the collectability of receivable account balances to determine the allowance, if any. Management considers the other party’s credit risk and financial condition, as well as current and projected economic and market conditions, in determining the amount of the allowance. Receivable balances are written off when management determines that the balance is uncollectable. No allowance was required at March 31, 2016 and 2015. Property and Equipment Property and equipment are carried at cost less accumulated depreciation. Depreciation is computed on the straight-line method over the estimated useful lives of the assets as follows: Estimated Useful Life (years) Building and Building Improvements 5 – 40 Mining equipment 2 – 7 Office and shop furniture and equipment 3 – 7 Vehicles 5 Depreciation expense for the three months ended March 31, 2016 and 2015 totaled $336,087 and $326,222, respectively. The Company currently does not capitalize any amounts to its mineral resources and therefore does not have any depletion expense . Fair Value ASC Topic 820, Fair Value Measurement and Disclosures Level 1 – Quoted prices in active markets for identical assets and liabilities; Level 2 – Inputs other than level one inputs that are either directly or indirectly observable; and Level 3 – Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use. Liabilities measured at fair value on a recurring basis are summarized as follows: Fair value measurement using inputs Carrying amount Level 1 Level 2 Level 3 March 31, 201 6 December 31, 201 5 Financial instruments: Series 2023 PIK Note Derivative $ -0- $ -0- $ 197,073 $ 197,073 $ 262,764 Series A PIK Note Derivative $ -0- $ -0- $ 2,907,869 $ 2,907,869 $ 4,876,093 The following table summarizes the activity for financial instruments at fair value using Level 3 inputs: Balance at December 31, 2015 $ 5,138,857 Net unrealized gain included in operations (2,033,915 ) Balance at March 31, 2016 $ 3,104,942 The recorded value of certain financial assets and liabilities, which consist primarily of cash and cash equivalents, receivables, other current assets, and accounts payable and accrued expenses approximates the fair value at March 31, 2016 and December 31, 2015 based upon the short-term nature of the assets and liabilities. Based on borrowing rates currently available to the Company for loans with similar terms, and the remaining short-term period outstanding, the carrying value of notes payable other than PIK Notes approximates fair value. Estimated fair value of the PIK Notes Payable approximate $22,769,784 and $21,789,259, respectively, at March 31, 2016 and December 31, 2015. For the Company's PIK Note derivative liabilities, Level 3 fair value hierarchy was estimated using a Monte Carlo Model using the following assumptions: Series 2023 PIK Note derivative liability Fair Value Measurements Using Inputs March 31, 2016 December 31, 2015 Market price and estimated fair value of stock $ 0.18 $ 0.28 Exercise price $ 1.36 $ 1.36 Term (years) 7.33 7.58 Dividend yield $ -0- $ -0- Expected volatility 79.7 % 72.9 % Risk-free interest rate 1.54 % 2.12 % Series A PIK Note derivative liability Fair Value Measurements Using Inputs March 31, 2016 December 31, 2015 Market price and estimated fair value of stock $ 0.18 $ 0.28 Exercise price $ 0.92 $ 0.92 Term (years) 7.33 7.58 Dividend yield $ -0- $ -0- Expected volatility 79.7 % 72.9 % Risk-free interest rate 1.54 % 2.12 % Impairment of Long-lived Assets The Company periodically reviews the carrying amounts of long-lived assets to determine whether current events or circumstances warrant adjustment to such carrying amounts. Long-lived assets are tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. When such events occur, the Company compares the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset to its carrying amount. If this comparison indicates impairment, the amount of the impairment is typically calculated using discounted expected future cash flows where observable fair values are not readily determinable. Considerable management judgment is necessary to estimate the fair value of assets. Assets to be disposed of are carried at the lower of their financial statement carrying amount or fair value, less cost to sell. Revenue Recognition Revenue includes sales of halloysite clay and iron oxide, and is recognized when title passes to the buyer and when collectability is reasonably assured. Title passes to the buyer based on terms of the sales contract. Product pricing is determined based on related contractual arrangements with the Company’s customers. Mining Exploration and Development Costs Land and mining property are carried at cost. The Company expenses prospecting and mining exploration costs. At the point when a property is determined to have proven and probable reserves, subsequent development costs will be capitalized and will be charged to operations using the units-of-production method over proven and probable reserves. Upon abandonment or sale of a mineral property, all capitalized costs relating to the specific property are written off in the period abandoned or sold and a gain or loss is recognized. Income taxes The Company uses an asset and liability approach which results in the recognition of deferred tax liabilities and assets for the expected future tax consequences or benefits of temporary differences between the financial reporting basis and the tax basis of assets and liabilities, as well as operating loss and tax credit carry forwards, using enacted tax rates in effect in the years in which the differences are expected to reverse. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of its deferred tax assets will not be realized. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. A valuation allowance has been provided for the portion of the Company’s net deferred tax assets for which it is more likely than not that they will not be realized. The Company is subject to U.S. federal income tax as well as income tax of certain state jurisdictions. The Company’s practice is to recognize interest and/or penalties related to income tax matters in income tax expense. The Company follows the provision of ASC Topic 740-10, “Income Taxes”, relating to recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken, or expected to be taken, in a tax return. It also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods and requires increased disclosures. This guidance provides that the tax effects from an uncertain tax position can be recognized in our financial statements, only if the position is more likely than not of being sustained on audit, based on the technical merits of the position. As of March 31, 2016, no amounts are included in the financial statements for unrecognized tax benefits. Stock Options and Warrants The Company follows ASC 718 (Stock Compensation) and 505-50 (Equity-Based Payments to Non-employees), which provide guidance in accounting for share-based awards exchanged for services rendered and requires companies to expense the estimated fair value of these awards over the requisite service period. Per share data Loss per share for the three months ended March 31, 2016 and 2015, respectively, is calculated based on 97,243,610 and 95,107,112 weighted average outstanding shares of common stock. At March 31, 2016 and 2015, respectively, the Company had outstanding options and warrants to purchase 19,380,012 and 18,535,581 shares of Company common stock, and had notes payable which were convertible into 33,639,466 and 30,086,390 shares, respectively, of the Company common stock, none of which were included in the diluted computation as their effect would be anti-dilutive. Environmental Matters Expenditures for ongoing compliance with environmental regulations that relate to current operations are expensed or capitalized as appropriate. Expenditures resulting from the remediation of existing conditions caused by past operations that do not contribute to future revenue generations are expensed. Liabilities are recognized when environmental assessments indicate that remediation efforts are probable and the costs can be reasonably estimated. Estimates of such liabilities are based upon currently available facts, existing technology and presently enacted laws and regulations taking into consideration the likely effects of inflation and other societal and economic factors, and include estimates of associated legal costs. These amounts also reflect prior experience in remediating contaminated sites, other companies’ clean-up experience and data released by The Environmental Protection Agency or other organizations. Such estimates are by their nature imprecise and can be expected to be revised over time because of changes in government regulations, operations, technology and inflation. Recoveries are evaluated separately from the liability and, when recovery is assured, the Company records and reports an asset separately from the associated liability. Based upon management’s current assessment of its environmental responsibilities, it does not believe that any reclamation or remediation liability exists at March 31, 2016. Recent Accounting Pronouncements In May 2014, the FASB issued new accounting guidance, Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers, on revenue recognition. The new standard provides for a single five-step model to be applied to all revenue contracts with customers as well as requires additional financial statement disclosures that will enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows relating to customer contracts. Companies have an option to use either a retrospective approach or cumulative effect adjustment approach to implement the standard. Accounting Standards Update No. 2014-09 is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, but not before the original effective date of the standard. The Company is currently evaluating the impact of the new guidance on our consolidated financial statements. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases, which is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018 with early adoption permitted. Under Accounting Standards Update 2016-02, lessees will be required to recognize for all leases at the commencement date a lease liability, which is a lessee's obligation to make lease payments arising from a lease measured on a discounted basis, and a right-to-use asset, which is an asset that represents the lessee's right to use or control the use of a specified asset for the lease term. The Company is currently evaluating the effect that the new guidance will have on its financial statements and related disclosures. In November 2015, FASB issued Accounting Standards Update 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes. Accounting Standards Update 2015-17 simplifies current guidance and requires companies to classify all deferred tax assets and liabilities as noncurrent on the balance sheet. Accounting Standards Update 2015-17 can be applied either prospectively or retrospectively and is effective for periods beginning after December 15, 2016, with early adoption permitted. The Company does not anticipate the new guidance will have a material effect on its financial statements and related disclosures. Comparative I nformation We have reclassified certain prior year information to conform with the current year's presentation.

Note 5 - Income Tax

Note 5 - Income Tax	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 5 - INCOME TAX Income tax provisions or benefits for interim periods are computed based on the Company's estimated annual effective tax rate. Based on the Company's historical losses and its expectation of the continuation of losses for the foreseeable future, the Company has determined that it is more likely than not that deferred tax assets will not be realized and, accordingly, has provided a full valuation allowance as of March 31, 2016 and December 31, 2015.

Note 6 - Notes Payable

Note 6 - Notes Payable	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 6 - NOTES PAYABLE Notes payable at March 31, 2016 and December 31, 2015 consist of the following: March 31, 2016 December 31, 2015 Note payable for mining equipment, payable $950 monthly, including interest (a) $ 942 $ 3,714 Note payable for equipment, payable $1,339 monthly, including interest (b) 38,753 42,235 Note payable for mine site vehicle, payable $628 monthly (c) 11,311 13,196 Note payable to an insurance company, payable $9,055 monthly, including interest (d) 34,406 60,953 Note payable to an insurance company, payable $18,609 monthly, including interest (e) 70,891 124,019 156,303 244,117 Less: Current Portion (128,168 ) (210,429 ) Notes Payable, Long-Term Portion $ 28,135 $ 33,688 (a) On April 17, 2012, the Company purchased mining equipment for $40,565 by issuing a note with an effective interest rate of 11.279%. The note is collateralized by the mining equipment with payments of $950 for 48 months, which started on May 1, 2012. (b) On October 31, 2014, the Company purchased mining equipment for $65,120 by paying a deposit and issuing a note in the amount of $57,900 with an interest rate of 5.2%. The note is collateralized by the mining equipment with payments of $1,339 for 48 months, which started on November 30, 2014. (c) On September 20, 2012, the Company purchased a vehicle for the mine site for $37,701 by issuing a non-interest bearing note. The note is collateralized by the vehicle with payments of $628 for 60 months, which started on October 20, 2012. (d) The Company signed a note payable with an insurance company dated October 21, 2015 for liability insurance, due in monthly installments, including interest at 11.845%. (e) The Company signed a note payable with an insurance company dated October 17, 2015 for liability insurance, due in monthly installments, including interest at 3.000%. The following is a schedule of the principal maturities on these notes as of March 31, 2016: April 2016 - March 2017 $ 128,168 April 2017 - March 2018 20,224 April 2018 - March 2019 7,911 Total Notes Payable $ 156,304 During the three months ended March 31, 2016 and 2015, the Company's interest payments totaled $1,296 and $4,178, respectively.

Note 7 - Convertible Debt (PIK

Note 7 - Convertible Debt (PIK Notes)	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Convertible Debt [Text Block]	NOTE 7 – CONVERTIBLE DEBT (PIK NOTES) The Company raised $23 million of financing through the issuance of two series of Paid-In-Kind (“PIK”)-Election Convertible Notes in 2013 and 2014, with key terms highlighted in the table below: Key Terms Series 2023 Notes Series A Notes Inception Date 08/05/2013 11/03/2014 Cash Received $10,500,000 $12,500,000 Principal (Initial Liability) $10,500,000 $19,848,486 Maturity (Term) 10 years, but convertible after 1 year based on the market price of the Company’s stock 4 years, but may range between 2 years to the full maturity of the Series 2023 Notes, depending on whether a Specified Event occurs and/or an Extension Option is elected (see below for further details) Exercise Price $1.40 at inception, adjusted downward based on anti-dilution provisions/down-round protection $0.92 at inception, adjusted downward based on anti-dilution provisions/down-round protection; also may be reduced by $0.10 based if Extension Option is elected (see below) Stated Interest 10% per annum, due semiannually 10% per annum, due semiannually, may be reduced to 1% if Specified Event (see below) occurs Derivative Liability $2,055,000 established at inception due to existence of anti-dilution provisions; revalued every quarter using Monte Carlo model $9,212,285 established at inception due to existence of anti-dilution provisions; revalued every quarter using Monte Carlo model As of March 31, 2016, the liability components of the PIK Notes on the Company’s balance sheet are listed in the following table: Series 2023 Notes Series A Notes Total PIK Note Payable, Gross $ 13,400,958 $ 21,882,955 $ 35,283,913 Less: Discount (1,828,368 ) (15,256,112 ) (17,084,480 ) Less: Deferred Financing Cost (7,359 ) (12,016 ) (19,375 ) PIK Note Payable, Net $ 11,565,231 $ 6,614,827 $ 18,180,058 PIK Note Derivative Liability $ 197,073 $ 2,907,869 $ 3,104,942 As of December 31, 2015, the liability components of the PIK Notes on the Company’s balance sheet are listed in the following table: Series 2023 Notes Series A Notes Total PIK Note Payable, Gross $ 12,762,816 $ 21,882,955 $ 34,645,771 Less: Discount (1,854,894 ) (15,717,991 ) (17,572,885 ) Less: Deferred Financing Cost (7,828 ) (13,422 ) (21,250 ) PIK Note Payable, Net $ 10,900,094 $ 6,151,542 $ 17,051,636 PIK Note Derivative Liability $ 262,764 $ 4,876,093 $ 5,138,857 Series A Notes On November 3, 2014 (“Issue Date”), the Company issued, in a private placement pursuant to investment agreements, $19,848,486 principal amount of 10% PIK-Election Convertible Notes due 2018 ("Series A Notes") in exchange for $12,500,000 in cash and the cancellation of previously-issued warrants held by one investor. Below are key terms of the Series A Notes: ● Maturity ● Exercise Price ● Stated Interest provided ● Specified Event second anniversary ● Extension Option ● Liquidated Damages ● The number of shares issuable under the Notes may be affected by the anti-dilution provisions of the Notes. The antidilition provisions adjust the Exercise Price of the Notes in the event of stock dividends and splits, issuance below the market price of the Common Stock, issuances below the conversion price of the Notes, pro rata distribution of assets, rights plans, tender offers, and exchange offers. These Series A Notes were not issued with the intent of effectively hedging any future cash flow, fair value of any asset, liability or any net investment in a foreign operation. In addition to the customary anti-dilution provisions the notes contain a down-round provision whereby the conversion price would be adjusted downward in the event that additional shares of the Company’s common stock or securities exercisable, convertible or exchangeable for the Company’s common stock were issued for cash consideration (e.g. a capital raise) at a price less than the conversion price. Therefore, the estimated fair value of the conversion feature of $9,212,285 (based on observable inputs using a Monte Carlo model) was bifurcated from the Series A Notes and accounted for as a separate derivative liability, which resulted in a corresponding amount of debt discount on the Series A Notes. In addition, an additional debt discount of $7,348,486 was recorded as a result of the difference between the $12,500,000 of cash received and the $19,848,486 of principal on the Series A Notes. This combined debt discount of $16,560,771 is being amortized using the effective interest method over the 4-year term of the Notes as Interest Expense, while the PIK Note Derivative is carried at fair value (using a Monte Carlo model) until the Notes are converted or otherwise extinguished. Any changes in fair value are recognized in earnings. In May 2015 and November 2015, the Company issued $992,424 and $1,042,045, respectively, in additional PIK Notes to the holders to pay the semi-annual interest. At March 31, 2016, the fair value of the Series A PIK Note Derivative was estimated to be $2,907,869, which includes the value of the additional PIK Notes issued in May and November 2015 for the semi-annual interest payments due. The change in the fair value of the derivative represents a decrease in valuation of $6,310,415 from the November 3, 2014 inception date. Series 2023 Notes In August 2013, the Company received $10,500,000 of financing through the private placement of 10% mandatory convertible Notes due 2023 ("Series 2023 Notes"). The principal amount of the Notes is due on maturity. The Company can elect to pay semi-annual interest on the Series 2023 Notes with additional PIK Notes containing the same terms as the Series 2023 Notes, except interest will accrue from issuance of such notes. The Company can also elect to pay interest in cash. In February 2016, August 2015 and February 2015, the Company issued $638,141, $607,753 and $578,812, respectively, in additional PIK Notes to the holders to pay the semi-annual interest. In February 2014 and August 2014, the Company issued $525,000 and $551,250, respectively, in additional PIK Notes to the holders to pay the semi-annual interest. The Series 2023 Notes convert into the Company’s common stock at a conversion price of $1.40 per share, which is subject to customary anti-dilution adjustments; these anti-dilution adjustments reduced the conversion price to $1.36 after the issuance of the Series A Notes. As of issuance, principal amount of the Series 2023 Notes were convertible into 7,500,000 shares of the common stock and into 7,720,588 shares after the issuance of the Series A Notes. The holders may convert the Series 2023 Notes at any time. The Series 2023 Notes are mandatorily convertible after one year when the weighted average trading price of a share of the common stock for the preceding ten trading days is in excess of the conversion price. The Series 2023 Notes contain customary representations and warranties and several covenants. The proceeds are being used for general corporate purposes. No broker was used and no commission was paid in connection with the sale of the Series 2023 Notes. As of December 31, 2015, the Company was in compliance with the covenants. These Series 2023 Notes were not issued with the intent of effectively hedging any future cash flow, fair value of any asset, liability or any net investment in a foreign operation. In addition to the customary anti-dilution provisions the notes contain a down-round provision whereby the conversion price would be adjusted downward in the event that additional shares of the Company’s common stock or securities exercisable, convertible or exchangeable for the Company’s common stock were issued for cash consideration (e.g. a capital raise) at a price less than the conversion price. Therefore, the estimated fair value of the conversion feature of $2,055,000 (based on observable inputs using a Monte Carlo model) was bifurcated from the Series 2023 Notes and accounted for as a separate derivative liability, which resulted in a corresponding amount of debt discount on the Series 2023 Notes. The debt discount is being amortized using the effective interest method over the 10-year term of the Series 2023 Notes as Interest Expense, while the PIK Note Derivative is carried at fair value (using a Monte Carlo model) until the Series 2023 Notes are converted or otherwise extinguished. Any changes in fair value are recognized in earnings. At March 31, 2016, the fair value of the PIK Note Derivative was estimated to be $197,073, which includes the value of the additional PIK Notes issued in February 2016, August 2015, February 2015, August 2014 and February 2014 for the semi-annual interest payments due. The change in the fair value of the derivative represents a decrease in valuation of $1,857,927 from the August 2, 2013 inception date.

Note 8 - Stockholders' Equity

Note 8 - Stockholders' Equity	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 8 - STOCKHOLDERS' EQUITY Preferred Stock The Company is authorized to issue 10,000,000 shares of noncumulative, non-voting, nonconvertible preferred stock, $0.001 par value per share. At March 31, 2016 and December 31, 2015, no shares of preferred stock were outstanding. Common Stock On November 20, 2012, stockholders of the Company approved to increase the authorized shares of common stock from 120,000,000 to 200,000,000 shares, $0.001 par value per share. At March 31, 2016 and December 31, 2015, 97,286,772 and 97,144,736 shares were issued and outstanding, respectively. During the three months ended March 31, 2016, the Company issued a total of 142,036 shares of common stock valued at $63,229 to directors and consultants as payments of fees .

Note 9 - Options and Warrants t

Note 9 - Options and Warrants to Purchase Common Stock	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Options And Warrants To Purchase Common Stock [Text Block]	NOTE 9 - OPTIONS AND WARRANTS TO PURCHASE COMMON STOCK Outstanding Stock Warrants A summary of the status of the warrants outstanding and exercisable at March 31, 2016 is presented below: Warrants Outstanding and Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (years) Weighted Average Exercise Price $ 1.15 461,340 5.08 $ 1.15 $ 2.00 54,367 0.34 $ 2.00 515,707 4.58 $ 1.24 No warrants were issued during 2015 or the first quarter of 2016. The intrinsic value of the outstanding warrants at March 31, 2016 was $0. Outstanding Stock Options On November 20, 2012, the shareholders of the Company approved the adoption of the Applied Minerals, Inc. 2012 Long-Term Incentive Plan (“LTIP”) and the Short-Term Incentive Plan (“STIP”) and the performance criteria used in setting performance goals for awards intended to be performance-based. Under the LTIP, 8,900,000 shares are authorized for issuance. The STIP does not refer to a particular number of shares under the LTIP, but would use the shares authorized in the LTIP for issuance under the STIP. The CEO, the CFO, and named executive officers, and directors, among others are eligible to participate in the LTIP and STIP. Prior to the adoption of the LTIP and STIP, stock options were granted under individual arrangements between the Company and the grantees, and approved by the Board of Directors. The fair value of each of the Company's stock option awards is estimated on the date of grant using the Black-Scholes option-pricing model that uses the assumptions noted in the table below. Expected volatility is based on an average of historical volatility of the Company's common stock. The risk-free interest rate for periods within the contractual life of the stock option award is based on the yield curve of a zero-coupon U.S. Treasury Bond on the date the award is granted with a maturity equal to the expected term of the award. The significant assumptions relating to the valuation of the Company's options issued for the three months ended March 31, 2016 and 2015 were as follows on a weighted average basis: March 31, 2016 December 31, 2015 Dividend Yield 0 % 0 % Expected Life (years) 6.7 5.6 Expected Volatility 79.7 % 51.0 % Risk Free Interest Rate 1.86 % 1.47 % A summary of the status and changes of the options granted under stock option plans and other agreements for the first quarter of 2016 is as follows: March 31, 2016 Weighted Weighted Average Average Remaining Shares Exercise Price Contractual Life* Outstanding at beginning of period 17,806,472 $ 1.00 5.12 Issued 907,833 0.27 7.60 Exercised -0- -- -- Forfeited -0- -- -- Outstanding at end of period 18,714,305 $ 0.96 5.01 Exercisable at end of period 17,218,886 $ 1.00 4.75 * Measured in years During the three months ended March 31, 2016, the Company granted 907,833 options to purchase the Company’s common stock with a weighted average exercise price of $0.27 and the following vesting schedule. Vesting Information Shares Frequency Begin Date End Date 250,000 Quarterly 01/01/2016 10/01/2016 158,206 Immediately 01/05/2016 01/05/2016 43,885 Immediately 01/06/2016 01/06/2016 32,415 Immediately 01/09/2016 01/09/2016 81,522 Annually 01/19/2017 01/19/2018 81,395 Annually 01/27/2017 01/27/2018 80,000 Annually 01/28/2017 01/28/2018 144,815 Annually 01/29/2017 01/29/2018 35,595 Annually 02/01/2017 02/01/2018 A summary of the status of the options outstanding at March 31, 2016 is presented below: Options Outstanding Options Exercisable Number Outstanding Average Remaining Contractual Life (years) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price 81,395 7.89 $ 0.21 - 0 - $ 0.21 100,000 4.47 $ 0.22 50,002 $ 0.22 35,595 7.04 $ 0.27 - 0 - $ 0.27 474,815 8.11 $ 0.28 62,500 $ 0.28 234,506 6.89 $ 0.285 234,506 $ 0.285 81,522 4.81 $ 0.30 - 0 - $ 0.30 200,000 8.88 $ 0.66 200,000 $ 0.66 150,000 8.86 $ 0.68 49,995 $ 0.68 7,233,277 2.75 $ 0.70 7,233,277 $ 0.70 488,356 9.13 $ 0.73 128,767 $ 0.73 3,405,134 5.44 $ 0.83 3,405,134 $ 0.83 975,000 8.20 $ 0.84 741,667 $ 0.84 300,000 7.39 $ 1.10 200,000 $ 1.10 300,000 7.24 $ 1.15 258,333 $ 1.15 100,000 1.84 $ 1.24 100,000 $ 1.24 115,000 4.99 $ 1.35 115,000 $ 1.35 125,000 1.84 $ 1.45 125,000 $ 1.45 330,000 5.70 $ 1.55 330,000 $ 1.55 7,645 1.84 $ 1.58 7,645 $ 1.58 3,077,060 6.64 $ 1.66 3,077,060 $ 1.66 900,000 5.39 $ 1.90 900,000 $ 1.90 18,714,305 5.00 $ 1.00 17,218,886 $ 1.00 The weighted-average grant-date fair value of options granted during the first quarter of 2016 was $0.27. Compensation expense of $126,982 and $99,938 has been recognized for the vested options for the three months ended March 31, 2016 and 2015, respectively. The aggregate intrinsic value of the outstanding options at March 31, 2016 was $0. At March 31, 2016, $328,745 of unamortized compensation expense for unvested options is expected to be recognized over the next 1.52 years on a weighted average basis.

Note 10 - Commitments and Conti

Note 10 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 10 - COMMITMENTS AND CONTINGENCIES Commitments The following table summarizes our contractual obligations as of March 31, 2016 that require us to make future cash payments: Payment due by period Total < 1 year 1 - 3 years Contractual Obligations: Rent obligations $ 118,179 $ 118,179 $ -- Total $ 118,179 $ 118,179 $ -- Contingencies In accordance with ASC Topic 450, when applicable, we record accruals for contingencies when it is probable that a liability will be incurred and the amount of loss can be reasonably estimated. We may become involved in or subject to, routine litigation, claims, disputes, proceedings and investigations in the ordinary course of business, could have a material adverse effect on our financial condition, cash flows or results of operations.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Exploration Stage Company [Policy Text Block]	Exploration-Stage Company From 1997 through 2008, the Company’s sole source of revenue and income was derived from its contract mining business through which it provided shaft sinking, underground mine development and mine labor services. At December 31, 2008, the Company discontinued its contract mining efforts due to economic conditions and the desire to concentrate its efforts on the commercialization of the halloysite clay deposit at the Dragon Mine. Effective January 1, 2009, the Company was, and still is, classified as an exploration company as the existence of proven or probable reserves have not been demonstrated and no significant revenue has been earned from the mine. Under the SEC’s Industry Guide 7, a mining company is considered an exploration stage company until it has declared mineral reserves determined in accordance with the guide and staff interpretations thereof.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The accompanying consolidated financial statements include the accounts of Applied Minerals, Inc. and its inactive subsidiary in northern Idaho.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. In these condensed consolidated financial statements, the PIK Note derivative liability, stock compensation and impairment of long-lived assets involve extensive reliance on management’s estimates. Actual results could differ from those estimates.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Cash and cash equivalents include all highly liquid investments with a term of three months or less. The Company minimizes its credit risk by investing its cash and cash equivalents, which sometimes exceeds FDIC limits, with major financial institutions located in the United States with a high credit rating.
Receivables, Policy [Policy Text Block]	Receivables Trade receivables are reported at outstanding principal amounts, net of an allowance for doubtful accounts. Management evaluates the collectability of receivable account balances to determine the allowance, if any. Management considers the other party’s credit risk and financial condition, as well as current and projected economic and market conditions, in determining the amount of the allowance. Receivable balances are written off when management determines that the balance is uncollectable. No allowance was required at March 31, 2016 and 2015.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment are carried at cost less accumulated depreciation. Depreciation is computed on the straight-line method over the estimated useful lives of the assets as follows: Estimated Useful Life (years) Building and Building Improvements 5 – 40 Mining equipment 2 – 7 Office and shop furniture and equipment 3 – 7 Vehicles 5 Depreciation expense for the three months ended March 31, 2016 and 2015 totaled $336,087 and $326,222, respectively. The Company currently does not capitalize any amounts to its mineral resources and therefore does not have any depletion expense .
Fair Value Measurement, Policy [Policy Text Block]	Fair Value ASC Topic 820, Fair Value Measurement and Disclosures Level 1 – Quoted prices in active markets for identical assets and liabilities; Level 2 – Inputs other than level one inputs that are either directly or indirectly observable; and Level 3 – Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use. Liabilities measured at fair value on a recurring basis are summarized as follows: Fair value measurement using inputs Carrying amount Level 1 Level 2 Level 3 March 31, 201 6 December 31, 201 5 Financial instruments: Series 2023 PIK Note Derivative $ -0- $ -0- $ 197,073 $ 197,073 $ 262,764 Series A PIK Note Derivative $ -0- $ -0- $ 2,907,869 $ 2,907,869 $ 4,876,093 The following table summarizes the activity for financial instruments at fair value using Level 3 inputs: Balance at December 31, 2015 $ 5,138,857 Net unrealized gain included in operations (2,033,915 ) Balance at March 31, 2016 $ 3,104,942 The recorded value of certain financial assets and liabilities, which consist primarily of cash and cash equivalents, receivables, other current assets, and accounts payable and accrued expenses approximates the fair value at March 31, 2016 and December 31, 2015 based upon the short-term nature of the assets and liabilities. Based on borrowing rates currently available to the Company for loans with similar terms, and the remaining short-term period outstanding, the carrying value of notes payable other than PIK Notes approximates fair value. Estimated fair value of the PIK Notes Payable approximate $22,769,784 and $21,789,259, respectively, at March 31, 2016 and December 31, 2015. For the Company's PIK Note derivative liabilities, Level 3 fair value hierarchy was estimated using a Monte Carlo Model using the following assumptions: Series 2023 PIK Note derivative liability Fair Value Measurements Using Inputs March 31, 2016 December 31, 2015 Market price and estimated fair value of stock $ 0.18 $ 0.28 Exercise price $ 1.36 $ 1.36 Term (years) 7.33 7.58 Dividend yield $ -0- $ -0- Expected volatility 79.7 % 72.9 % Risk-free interest rate 1.54 % 2.12 % Series A PIK Note derivative liability Fair Value Measurements Using Inputs March 31, 2016 December 31, 2015 Market price and estimated fair value of stock $ 0.18 $ 0.28 Exercise price $ 0.92 $ 0.92 Term (years) 7.33 7.58 Dividend yield $ -0- $ -0- Expected volatility 79.7 % 72.9 % Risk-free interest rate 1.54 % 2.12 %
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-lived Assets The Company periodically reviews the carrying amounts of long-lived assets to determine whether current events or circumstances warrant adjustment to such carrying amounts. Long-lived assets are tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. When such events occur, the Company compares the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset to its carrying amount. If this comparison indicates impairment, the amount of the impairment is typically calculated using discounted expected future cash flows where observable fair values are not readily determinable. Considerable management judgment is necessary to estimate the fair value of assets. Assets to be disposed of are carried at the lower of their financial statement carrying amount or fair value, less cost to sell.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Revenue includes sales of halloysite clay and iron oxide, and is recognized when title passes to the buyer and when collectability is reasonably assured. Title passes to the buyer based on terms of the sales contract. Product pricing is determined based on related contractual arrangements with the Company’s customers.
Exploitation Costs, Policy [Policy Text Block]	Mining Exploration and Development Costs Land and mining property are carried at cost. The Company expenses prospecting and mining exploration costs. At the point when a property is determined to have proven and probable reserves, subsequent development costs will be capitalized and will be charged to operations using the units-of-production method over proven and probable reserves. Upon abandonment or sale of a mineral property, all capitalized costs relating to the specific property are written off in the period abandoned or sold and a gain or loss is recognized.
Income Tax, Policy [Policy Text Block]	Income taxes The Company uses an asset and liability approach which results in the recognition of deferred tax liabilities and assets for the expected future tax consequences or benefits of temporary differences between the financial reporting basis and the tax basis of assets and liabilities, as well as operating loss and tax credit carry forwards, using enacted tax rates in effect in the years in which the differences are expected to reverse. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of its deferred tax assets will not be realized. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. A valuation allowance has been provided for the portion of the Company’s net deferred tax assets for which it is more likely than not that they will not be realized. The Company is subject to U.S. federal income tax as well as income tax of certain state jurisdictions. The Company’s practice is to recognize interest and/or penalties related to income tax matters in income tax expense. The Company follows the provision of ASC Topic 740-10, “Income Taxes”, relating to recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken, or expected to be taken, in a tax return. It also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods and requires increased disclosures. This guidance provides that the tax effects from an uncertain tax position can be recognized in our financial statements, only if the position is more likely than not of being sustained on audit, based on the technical merits of the position. As of March 31, 2016, no amounts are included in the financial statements for unrecognized tax benefits.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock Options and Warrants The Company follows ASC 718 (Stock Compensation) and 505-50 (Equity-Based Payments to Non-employees), which provide guidance in accounting for share-based awards exchanged for services rendered and requires companies to expense the estimated fair value of these awards over the requisite service period.
Earnings Per Share, Policy [Policy Text Block]	Per share data Loss per share for the three months ended March 31, 2016 and 2015, respectively, is calculated based on 97,243,610 and 95,107,112 weighted average outstanding shares of common stock. At March 31, 2016 and 2015, respectively, the Company had outstanding options and warrants to purchase 19,380,012 and 18,535,581 shares of Company common stock, and had notes payable which were convertible into 33,639,466 and 30,086,390 shares, respectively, of the Company common stock, none of which were included in the diluted computation as their effect would be anti-dilutive.
Environmental Costs, Policy [Policy Text Block]	Environmental Matters Expenditures for ongoing compliance with environmental regulations that relate to current operations are expensed or capitalized as appropriate. Expenditures resulting from the remediation of existing conditions caused by past operations that do not contribute to future revenue generations are expensed. Liabilities are recognized when environmental assessments indicate that remediation efforts are probable and the costs can be reasonably estimated. Estimates of such liabilities are based upon currently available facts, existing technology and presently enacted laws and regulations taking into consideration the likely effects of inflation and other societal and economic factors, and include estimates of associated legal costs. These amounts also reflect prior experience in remediating contaminated sites, other companies’ clean-up experience and data released by The Environmental Protection Agency or other organizations. Such estimates are by their nature imprecise and can be expected to be revised over time because of changes in government regulations, operations, technology and inflation. Recoveries are evaluated separately from the liability and, when recovery is assured, the Company records and reports an asset separately from the associated liability. Based upon management’s current assessment of its environmental responsibilities, it does not believe that any reclamation or remediation liability exists at March 31, 2016.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In May 2014, the FASB issued new accounting guidance, Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers, on revenue recognition. The new standard provides for a single five-step model to be applied to all revenue contracts with customers as well as requires additional financial statement disclosures that will enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows relating to customer contracts. Companies have an option to use either a retrospective approach or cumulative effect adjustment approach to implement the standard. Accounting Standards Update No. 2014-09 is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, but not before the original effective date of the standard. The Company is currently evaluating the impact of the new guidance on our consolidated financial statements. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases, which is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018 with early adoption permitted. Under Accounting Standards Update 2016-02, lessees will be required to recognize for all leases at the commencement date a lease liability, which is a lessee's obligation to make lease payments arising from a lease measured on a discounted basis, and a right-to-use asset, which is an asset that represents the lessee's right to use or control the use of a specified asset for the lease term. The Company is currently evaluating the effect that the new guidance will have on its financial statements and related disclosures. In November 2015, FASB issued Accounting Standards Update 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes. Accounting Standards Update 2015-17 simplifies current guidance and requires companies to classify all deferred tax assets and liabilities as noncurrent on the balance sheet. Accounting Standards Update 2015-17 can be applied either prospectively or retrospectively and is effective for periods beginning after December 15, 2016, with early adoption permitted. The Company does not anticipate the new guidance will have a material effect on its financial statements and related disclosures.
Reclassification, Policy [Policy Text Block]	Comparative I nformation We have reclassified certain prior year information to conform with the current year's presentation.

Note 4 - Summary of Significa18

Note 4 - Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Property, Plant and Equipment [Table Text Block]	Estimated Useful Life (years) Building and Building Improvements 5 – 40 Mining equipment 2 – 7 Office and shop furniture and equipment 3 – 7 Vehicles 5
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	Fair value measurement using inputs Carrying amount Level 1 Level 2 Level 3 March 31, 201 6 December 31, 201 5 Financial instruments: Series 2023 PIK Note Derivative $ -0- $ -0- $ 197,073 $ 197,073 $ 262,764 Series A PIK Note Derivative $ -0- $ -0- $ 2,907,869 $ 2,907,869 $ 4,876,093
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Balance at December 31, 2015 $ 5,138,857 Net unrealized gain included in operations (2,033,915 ) Balance at March 31, 2016 $ 3,104,942
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]	Series 2023 PIK Note derivative liability Fair Value Measurements Using Inputs March 31, 2016 December 31, 2015 Market price and estimated fair value of stock $ 0.18 $ 0.28 Exercise price $ 1.36 $ 1.36 Term (years) 7.33 7.58 Dividend yield $ -0- $ -0- Expected volatility 79.7 % 72.9 % Risk-free interest rate 1.54 % 2.12 % Series A PIK Note derivative liability Fair Value Measurements Using Inputs March 31, 2016 December 31, 2015 Market price and estimated fair value of stock $ 0.18 $ 0.28 Exercise price $ 0.92 $ 0.92 Term (years) 7.33 7.58 Dividend yield $ -0- $ -0- Expected volatility 79.7 % 72.9 % Risk-free interest rate 1.54 % 2.12 %

Note 6 - Notes Payable (Tables)

Note 6 - Notes Payable (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Debt [Table Text Block]	March 31, 2016 December 31, 2015 Note payable for mining equipment, payable $950 monthly, including interest (a) $ 942 $ 3,714 Note payable for equipment, payable $1,339 monthly, including interest (b) 38,753 42,235 Note payable for mine site vehicle, payable $628 monthly (c) 11,311 13,196 Note payable to an insurance company, payable $9,055 monthly, including interest (d) 34,406 60,953 Note payable to an insurance company, payable $18,609 monthly, including interest (e) 70,891 124,019 156,303 244,117 Less: Current Portion (128,168 ) (210,429 ) Notes Payable, Long-Term Portion $ 28,135 $ 33,688
Schedule of Maturities of Long-term Debt [Table Text Block]	April 2016 - March 2017 $ 128,168 April 2017 - March 2018 20,224 April 2018 - March 2019 7,911 Total Notes Payable $ 156,304

Note 7 - Convertible Debt (PI20

Note 7 - Convertible Debt (PIK Notes) (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Convertible Debt [Table Text Block]	Series 2023 Notes Series A Notes Total PIK Note Payable, Gross $ 13,400,958 $ 21,882,955 $ 35,283,913 Less: Discount (1,828,368 ) (15,256,112 ) (17,084,480 ) Less: Deferred Financing Cost (7,359 ) (12,016 ) (19,375 ) PIK Note Payable, Net $ 11,565,231 $ 6,614,827 $ 18,180,058 PIK Note Derivative Liability $ 197,073 $ 2,907,869 $ 3,104,942 Series 2023 Notes Series A Notes Total PIK Note Payable, Gross $ 12,762,816 $ 21,882,955 $ 34,645,771 Less: Discount (1,854,894 ) (15,717,991 ) (17,572,885 ) Less: Deferred Financing Cost (7,828 ) (13,422 ) (21,250 ) PIK Note Payable, Net $ 10,900,094 $ 6,151,542 $ 17,051,636 PIK Note Derivative Liability $ 262,764 $ 4,876,093 $ 5,138,857

Note 9 - Options and Warrants21

Note 9 - Options and Warrants to Purchase Common Stock (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	Warrants Outstanding and Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (years) Weighted Average Exercise Price $ 1.15 461,340 5.08 $ 1.15 $ 2.00 54,367 0.34 $ 2.00 515,707 4.58 $ 1.24
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	March 31, 2016 December 31, 2015 Dividend Yield 0 % 0 % Expected Life (years) 6.7 5.6 Expected Volatility 79.7 % 51.0 % Risk Free Interest Rate 1.86 % 1.47 %
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	March 31, 2016 Weighted Weighted Average Average Remaining Shares Exercise Price Contractual Life* Outstanding at beginning of period 17,806,472 $ 1.00 5.12 Issued 907,833 0.27 7.60 Exercised -0- -- -- Forfeited -0- -- -- Outstanding at end of period 18,714,305 $ 0.96 5.01 Exercisable at end of period 17,218,886 $ 1.00 4.75
Summary Of Vesting Information For Stock Options [Table Text Block]	Vesting Information Shares Frequency Begin Date End Date 250,000 Quarterly 01/01/2016 10/01/2016 158,206 Immediately 01/05/2016 01/05/2016 43,885 Immediately 01/06/2016 01/06/2016 32,415 Immediately 01/09/2016 01/09/2016 81,522 Annually 01/19/2017 01/19/2018 81,395 Annually 01/27/2017 01/27/2018 80,000 Annually 01/28/2017 01/28/2018 144,815 Annually 01/29/2017 01/29/2018 35,595 Annually 02/01/2017 02/01/2018
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	Options Outstanding Options Exercisable Number Outstanding Average Remaining Contractual Life (years) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price 81,395 7.89 $ 0.21 - 0 - $ 0.21 100,000 4.47 $ 0.22 50,002 $ 0.22 35,595 7.04 $ 0.27 - 0 - $ 0.27 474,815 8.11 $ 0.28 62,500 $ 0.28 234,506 6.89 $ 0.285 234,506 $ 0.285 81,522 4.81 $ 0.30 - 0 - $ 0.30 200,000 8.88 $ 0.66 200,000 $ 0.66 150,000 8.86 $ 0.68 49,995 $ 0.68 7,233,277 2.75 $ 0.70 7,233,277 $ 0.70 488,356 9.13 $ 0.73 128,767 $ 0.73 3,405,134 5.44 $ 0.83 3,405,134 $ 0.83 975,000 8.20 $ 0.84 741,667 $ 0.84 300,000 7.39 $ 1.10 200,000 $ 1.10 300,000 7.24 $ 1.15 258,333 $ 1.15 100,000 1.84 $ 1.24 100,000 $ 1.24 115,000 4.99 $ 1.35 115,000 $ 1.35 125,000 1.84 $ 1.45 125,000 $ 1.45 330,000 5.70 $ 1.55 330,000 $ 1.55 7,645 1.84 $ 1.58 7,645 $ 1.58 3,077,060 6.64 $ 1.66 3,077,060 $ 1.66 900,000 5.39 $ 1.90 900,000 $ 1.90 18,714,305 5.00 $ 1.00 17,218,886 $ 1.00

Note 10 - Commitments and Con22

Note 10 - Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	Payment due by period Total < 1 year 1 - 3 years Contractual Obligations: Rent obligations $ 118,179 $ 118,179 $ -- Total $ 118,179 $ 118,179 $ --

Note 3 - Liquidity (Details Tex

Note 3 - Liquidity (Details Textual)	Mar. 23, 2016USD ($)	Nov. 02, 2015	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Dec. 15, 2015	Dec. 31, 2014USD ($)
Payment in Kind (PIK) Note [Member]
Interest Payable			$ 1,113,727
Non-core [Member]
Number of Real Estate Properties					4
Proceeds from Sale of Real Estate	$ 418,000
Proceeds from Sale of Real Estate, Net	$ 380,000
Premium Paid to Auction	10.00%
Net Income (Loss) Attributable to Parent			(537,142)	$ (4,194,465)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations			(904,301)	$ (2,856,815)
Working Capital			361,567
Exclusive Supply Agreement, Term		5 years
Accrued Liquidated Damages			$ 148,851			$ 200,000

Note 4 - Summary of Significa24

Note 4 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Payment in Kind (PIK) Note [Member]
Convertible Debt, Fair Value Disclosures	$ 22,769,784	$ 21,789,259
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	33,639,466	30,086,390
Depreciation	$ 336,087	$ 326,222
Unrecognized Tax Benefits	$ 0
Weighted Average Number of Shares Outstanding, Basic and Diluted	97,243,610	95,107,112
Outstanding Options and Warrants to Purchase Common Stock Not Included in Diluted Computation	19,380,012	18,535,581
Allowance for Doubtful Accounts Receivable	$ 0	$ 0

Note 4 - Property and Equipment

Note 4 - Property and Equipment (Details)	3 Months Ended
	Mar. 31, 2016
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	5 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	40 years
Mining Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	2 years
Mining Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	7 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	7 years
Vehicles [Member]
Property, Plant and Equipment, Useful Life	5 years

Note 4 - Liabilities Measured a

Note 4 - Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Series 2023 PIK Note Derivative Liability [Member] | Fair Value, Inputs, Level 1 [Member]
Derivative Liability, Fair Value, Gross Liability	$ 0
Series 2023 PIK Note Derivative Liability [Member] | Fair Value, Inputs, Level 2 [Member]
Derivative Liability, Fair Value, Gross Liability	0
Series 2023 PIK Note Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member]
Derivative Liability, Fair Value, Gross Liability	197,073
Series 2023 PIK Note Derivative Liability [Member]
Derivative Liability, Fair Value, Gross Liability	197,073	$ 262,764
Series A PIK Note Derivative Liability [Member] | Fair Value, Inputs, Level 1 [Member]
Derivative Liability, Fair Value, Gross Liability	0
Series A PIK Note Derivative Liability [Member] | Fair Value, Inputs, Level 2 [Member]
Derivative Liability, Fair Value, Gross Liability	0
Series A PIK Note Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member]
Derivative Liability, Fair Value, Gross Liability	2,907,869
Series A PIK Note Derivative Liability [Member]
Derivative Liability, Fair Value, Gross Liability	$ 2,907,869	$ 4,876,093

Note 4 - Derivatives Measured a

Note 4 - Derivatives Measured at Fair Value (Details) - Fair Value, Inputs, Level 3 [Member]	3 Months Ended
	Mar. 31, 2016USD ($)
Series 2023 PIK Note Derivative Liability [Member]
Net unrealized gain included in operations	$ (2,033,915)
Balance at beginning of year	5,138,857
Balance at end of year	$ 3,104,942

Note 4 - Valuation Assumptions

Note 4 - Valuation Assumptions (Details) - Fair Value, Inputs, Level 3 [Member] - $ / shares		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Series 2023 PIK Note Derivative Liability [Member]
Market price and estimated fair value of stock (in dollars per share)		$ 0.18	$ 0.28
Exercise price (in dollars per share)		$ 1.36	$ 1.36
Term (years)		7 years 120 days	7 years 211 days
Expected volatility	[1]	79.70%	72.90%
Risk-free interest rate		1.54%	2.12%
Series A PIK Note Derivative Liability [Member]
Market price and estimated fair value of stock (in dollars per share)		$ 0.18	$ 0.28
Exercise price (in dollars per share)		$ 0.92	$ 0.92
Term (years)		7 years 120 days	7 years 211 days
Expected volatility		79.70%	72.90%
Risk-free interest rate		1.54%	2.12%
[1]	During the first quarter of 2014, the Company revised its assumption for expected volatility by switching from a peer-group average volatility to the Company’s three-year historical volatility in measuring the value of the derivative liabilities mentioned above. Prior to 2011, the occurrence of certain corporate events would not have made the historical volatility calculations meaningful or accurate if included. This reduction in volatility led to a reduced valuation for both the Warrant and Series 2023 Note derivative liabilities of approximately $118,500 and $126,000, respectively, in 2015. The remaining decrease in the valuation is attributable to the decline in stock price.

Note 6 - Notes Payable (Details

Note 6 - Notes Payable (Details Textual) - USD ($)	Oct. 31, 2014	Sep. 20, 2012	Apr. 17, 2012	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Oct. 21, 2015	Oct. 17, 2015
Note Payable Mining Equipment 2 [Member]
Debt Instrument, Face Amount			$ 40,565
Debt Instrument, Interest Rate, Effective Percentage			11.279%
Debt Instrument, Periodic Payment			$ 950
Debt Instrument, Term			4 years
Note Payable, Mining Equipment, Purchased in October 2014 [Member]
Debt Instrument, Face Amount	$ 57,900
Debt Instrument, Periodic Payment	$ 1,339
Debt Instrument, Term	4 years
Debt Instrument, Interest Rate, Stated Percentage	5.20%
Note Payable Mining Site Vehicle [Member]
Debt Instrument, Face Amount		$ 37,701
Debt Instrument, Periodic Payment		$ 628		$ 628		$ 628
Debt Instrument, Term		5 years
Note Payable Insurance Company 1 [Member]
Debt Instrument, Interest Rate, Stated Percentage							11.845%	3.00%
Mining Equipment [Member]
Property, Plant and Equipment, Gross	$ 65,120
Debt Instrument, Periodic Payment, Interest				$ 1,296	$ 4,178

Note 6 - Summary of Note Payabl

Note 6 - Summary of Note Payable (Details) - USD ($)		Mar. 31, 2016	Dec. 31, 2015
Note Payable Mining Equipment [Member]
Note payable	[1]	$ 942	$ 3,714
Note Payable Mining Equipment 3 [Member]
Note payable	[2]	38,753	42,235
Note Payable Mining Site Vehicle [Member]
Note payable	[3]	11,311	13,196
Note Payable Insurance Company 2 [Member]
Note payable	[4]	34,406	60,953
Note Payable Insurance Company 3 [Member]
Note payable	[5]	70,891	124,019
Note payable		156,304	244,117
Less: Current Portion		(128,168)	(210,429)
Notes Payable, Long-Term Portion		$ 28,135	$ 33,688
[1]	On April 17, 2012, the Company purchased mining equipment for $40,565 by issuing a note with an effective interest rate of 11.279%. The note is collateralized by the mining equipment with payments of $950 for 48 months, which started on May 1, 2012.
[2]	On October 31, 2014, the Company purchased mining equipment for $65,120 by paying a deposit and issuing a note in the amount of $57,900 with an interest rate of 5.2%. The note is collateralized by the mining equipment with payments of $1,339 for 48 months, which started on November 30, 2014.
[3]	On September 20, 2012, the Company purchased a vehicle for the mine site for $37,701 by issuing a non-interest bearing note. The note is collateralized by the vehicle with payments of $628 for 60 months, which started on October 20, 2012.
[4]	The Company signed a note payable with an insurance company dated October 21, 2015 for liability insurance, due in monthly installments, including interest at 11.845%.
[5]	The Company signed a note payable with an insurance company dated October 17, 2015 for liability insurance, due in monthly installments, including interest at 3.000%.

Note 6 - Summary of Note Paya31

Note 6 - Summary of Note Payable (Details) (Parentheticals) - USD ($)	Sep. 20, 2012	Mar. 31, 2016	Dec. 31, 2015
Note Payable Mining Equipment [Member]
Note payable, monthly payment		$ 950	$ 950
Note Payable Mining Equipment 3 [Member]
Note payable, monthly payment		1,339	1,339
Note Payable Mining Site Vehicle [Member]
Note payable, monthly payment	$ 628	628	628
Note Payable Insurance Company 2 [Member]
Note payable, monthly payment		9,055	9,055
Note Payable Insurance Company 3 [Member]
Note payable, monthly payment		$ 18,609	$ 18,609

Note 6 - Future Minimum Note Pa

Note 6 - Future Minimum Note Payments (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
April 2016 - March 2017	$ 128,168
April 2017 - March 2018	20,224
April 2018 - March 2019	7,911
Total Notes Payable	$ 156,304	$ 244,117

Note 7 - Convertible Debt (PI33

Note 7 - Convertible Debt (PIK Notes) (Details Textual)	Nov. 03, 2014USD ($)$ / shares	Aug. 05, 2013USD ($)$ / shares	Feb. 29, 2016USD ($)	Nov. 30, 2015USD ($)	Aug. 31, 2015USD ($)	May. 31, 2015USD ($)	Feb. 28, 2015USD ($)	Aug. 31, 2014USD ($)	Feb. 28, 2014USD ($)	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2014USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Payment in Kind (PIK) Note [Member] | Minimum [Member] | Series A Notes [Member]
Convertible Debt, Number of Written Days Notice	30 days
Payment in Kind (PIK) Note [Member] | Minimum [Member]
Debt Instrument, Convertible, Remaining Discount Amortization Period													2 years
Payment in Kind (PIK) Note [Member] | Maximum [Member] | Series A Notes [Member]
Convertible Debt, Number of Written Days Notice	90 days
Payment in Kind (PIK) Note [Member] | Series 2023 Notes [Member] | Result of Anti-Dilution Adjustment [Member]
Debt Instrument, Convertible, Conversion Price | $ / shares		$ 1.36
Payment in Kind (PIK) Note [Member] | Series 2023 Notes [Member] | After Series A Notes Issuance [Member]
Debt Instrument, Convertible, Number of Equity Instruments		7,720,588
Payment in Kind (PIK) Note [Member] | Series 2023 Notes [Member] | Series 2023 PIK Note Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member]
Derivative Liability, Fair Value, Gross Liability										$ 197,073		$ 197,073		$ 197,073
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Period Increase (Decrease)														(1,857,927)
Payment in Kind (PIK) Note [Member] | Series 2023 Notes [Member]
Proceeds from Convertible Debt		$ 10,500,000
Debt Instrument, Term		10 years
Debt Instrument, Face Amount		$ 10,500,000								13,400,958		13,400,958		13,400,958	$ 12,762,816
Debt Instrument, Interest Rate, Stated Percentage		10.00%
Debt Instrument, Convertible, Conversion Price | $ / shares		$ 1.40
Debt Instrument, Convertible, Beneficial Conversion Feature		$ 2,055,000
Debt Instrument, Unamortized Discount										1,828,368		1,828,368		1,828,368	1,854,894
Paid-in-Kind Interest			$ 638,141		$ 607,753		$ 578,812	$ 551,250	$ 525,000
Debt Instrument, Convertible, Number of Equity Instruments		7,500,000
Financial Instruments Subject to Mandatory Conversion Earliest Conversion		1 year
Financial Instrument Subject to Mandatory Conversion Period for Calculation of Conversion Feature		10 days
Payment in Kind (PIK) Note [Member] | Series A Notes [Member] | Result of Extension Option [Member]
Debt Instrument, Convertible, Conversion Price | $ / shares	$ 0.10
Payment in Kind (PIK) Note [Member] | Series A Notes [Member] | Specified Event [Member]
Debt Instrument, Interest Rate, Stated Percentage	1.00%
Payment in Kind (PIK) Note [Member] | Series A Notes [Member] | Combined Discount [Member]
Debt Instrument, Unamortized Discount	$ 16,560,771
Payment in Kind (PIK) Note [Member] | Series A Notes [Member] | Series A PIK Note Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member]
Derivative Liability, Fair Value, Gross Liability										2,907,869		2,907,869		2,907,869
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Period Increase (Decrease)												(6,310,415)
Payment in Kind (PIK) Note [Member] | Series A Notes [Member]
Proceeds from Convertible Debt	$ 12,500,000
Debt Instrument, Term	4 years
Debt Instrument, Face Amount	$ 19,848,486									21,882,955		21,882,955		21,882,955	21,882,955
Debt Instrument, Interest Rate, Stated Percentage	10.00%
Debt Instrument, Convertible, Conversion Price | $ / shares	$ 0.92
Debt Instrument, Convertible, Beneficial Conversion Feature	$ 9,212,285
Debt Instrument, Unamortized Discount	$ 7,348,486									15,256,112		15,256,112		15,256,112	15,717,991
Payment in Kind (PIK) Note [Member]
Proceeds from Convertible Debt													$ 23,000,000
Debt Instrument, Face Amount										35,283,913		35,283,913		35,283,913	34,645,771
Debt Instrument, Unamortized Discount										17,084,480		17,084,480		17,084,480	17,572,885
Paid-in-Kind Interest				$ 1,042,045		$ 992,424
Series A PIK Note Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member]
Derivative Liability, Fair Value, Gross Liability										2,907,869		2,907,869		2,907,869
Series A PIK Note Derivative Liability [Member]
Derivative Liability, Fair Value, Gross Liability										2,907,869		2,907,869		2,907,869	4,876,093
Series 2023 PIK Note Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member]
Derivative Liability, Fair Value, Gross Liability										197,073		197,073		197,073
Series 2023 PIK Note Derivative Liability [Member]
Derivative Liability, Fair Value, Gross Liability										197,073		197,073		197,073	262,764
Accrued Liquidated Damages										148,851		148,851	$ 200,000	148,851
Debt Instrument, Unamortized Discount										17,084,480		$ 17,084,480		$ 17,084,480	$ 17,572,885
Paid-in-Kind Interest										$ 638,142	$ 578,813

Note 7 - Convertible Debt PIK N

Note 7 - Convertible Debt PIK Notes (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Nov. 03, 2014	Aug. 05, 2013
Payment in Kind (PIK) Note [Member] | Series 2023 Notes [Member]
Debt Instrument, Face Amount	$ 13,400,958	$ 12,762,816		$ 10,500,000
Less: Discount	(1,828,368)	(1,854,894)
Less: Deferred Financing Cost	(7,359)	(7,828)
PIK Note Payable, Net	11,565,231	10,900,094
PIK Note Derivative Liability	197,073	262,764
Payment in Kind (PIK) Note [Member] | Series A Notes [Member]
Debt Instrument, Face Amount	21,882,955	21,882,955	$ 19,848,486
Less: Discount	(15,256,112)	(15,717,991)	$ (7,348,486)
Less: Deferred Financing Cost	(12,016)	(13,422)
PIK Note Payable, Net	6,614,827	6,151,542
PIK Note Derivative Liability	2,907,869	4,876,093
Payment in Kind (PIK) Note [Member]
Debt Instrument, Face Amount	35,283,913	34,645,771
Less: Discount	(17,084,480)	(17,572,885)
Less: Deferred Financing Cost	(19,375)	(21,250)
PIK Note Payable, Net	18,180,058	17,051,636
PIK Note Derivative Liability	3,104,942	5,138,857
Less: Discount	$ (17,084,480)	$ (17,572,885)

Note 8 - Stockholders' Equity (

Note 8 - Stockholders' Equity (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Nov. 20, 2012
Directors and Consultants [Member]
Stock Issued During Period, Shares, Issued for Services	142,036
Stock Issued During Period, Value, Issued for Services	$ 63,229
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	200,000,000	200,000,000	120,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Outstanding	0	0
Common Stock, Shares, Outstanding	97,286,772	97,144,736
Stock Issued During Period, Value, Issued for Services	$ 63,229
Common Stock, Shares, Issued	97,286,772	97,144,736

Note 9 - Options and Warrants36

Note 9 - Options and Warrants to Purchase Common Stock (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Nov. 20, 2012
LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				8,900,000
Employee Stock Option [Member]
Allocated Share-based Compensation Expense	$ 126,982	$ 99,938
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 328,745
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 189 days
Intrinsic Value of Outstanding Warrants	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	907,833
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 0.27
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 0.27
Warrants Issued	0		0

Note 9 - Summary of the Status

Note 9 - Summary of the Status of the Warrants Outstanding (Details)	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Exercise Price 1 [Member]
Number Outstanding (in shares) | shares	461,340
Weighted Average Remaining Contractual Life	5 years 29 days
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.15
Exercise Price 2 [Member]
Number Outstanding (in shares) | shares	54,367
Weighted Average Remaining Contractual Life	124 days
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 2
Number Outstanding (in shares) | shares	515,707
Weighted Average Remaining Contractual Life	4 years 211 days
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.24

Note 9 - Significant Assumption

Note 9 - Significant Assumptions Relating to the Valuation of Stock Options (Details) - Employee Stock Option [Member]	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Dividend Yield	0.00%	0.00%
Expected Life (years)	6 years 255 days	5 years 219 days
Expected Volatility	79.70%	51.00%
Risk Free Interest Rate	1.86%	1.47%

Note 9 - Summary of the Statu39

Note 9 - Summary of the Status and Changes of the Options Granted Under the Stock Option Plans and Other Agreements (Details) - $ / shares		3 Months Ended	12 Months Ended
		Mar. 31, 2016	Dec. 31, 2015
Outstanding at beginning of period (in shares)		17,806,472
Outstanding at beginning of period (in dollars per share)		$ 1
Outstanding at beginning of period	[1]	5 years 3 days	5 years 43 days
Issued (in shares)		907,833
Issued (in dollars per share)		$ 0.27
Issued	[1]	7 years 219 days
Exercised (in shares)		0
Exercised (in dollars per share)
Forfeited (in shares)		0
Forfeited (in dollars per share)
Outstanding at end of period (in shares)		18,714,305	17,806,472
Outstanding at end of period (in dollars per share)		$ 0.96	$ 1
Exercisable at end of period (in shares)		17,218,886
Exercisable at end of period (in dollars per share)		$ 1
Exercisable at end of period	[1]	4 years 273 days
[1]	Measured in years

Note 9 - Summary of the Vesting

Note 9 - Summary of the Vesting Periods of Options (Details)	3 Months Ended
	Mar. 31, 2016shares
Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	250,000
Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	158,206
Share-based Compensation Award, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	43,885
Share-based Compensation Award, Tranche Four [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	32,415
Share-based Compensation Award, Tranche Five [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	81,522
Share-based Compensation Award, Tranche Six [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	81,395
Share-based Compensation Award, Tranche Seven [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	80,000
Share-based Compensation Award, Tranche Eight [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	144,815
Share-based Compensation Award, Tranche Nine [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	35,595
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	907,833

Note 9 - Summary of the Statu41

Note 9 - Summary of the Status of the Options Outstanding (Details)	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Exercise Price 1 [Member]
Options Outstanding, Number (in shares) | shares	81,395
Options Outstanding, Weighted Average Remaining Contractual Life	7 years 324 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.21
Options Exercisable, Number (in shares) | shares	0
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.21
Exercise Price 2 [Member]
Options Outstanding, Number (in shares) | shares	100,000
Options Outstanding, Weighted Average Remaining Contractual Life	4 years 171 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.22
Options Exercisable, Number (in shares) | shares	50,002
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.22
Exercise Price 3 [Member]
Options Outstanding, Number (in shares) | shares	35,595
Options Outstanding, Weighted Average Remaining Contractual Life	7 years 14 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.27
Options Exercisable, Number (in shares) | shares	0
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.27
Exercise Price 4 [Member]
Options Outstanding, Number (in shares) | shares	474,815
Options Outstanding, Weighted Average Remaining Contractual Life	8 years 40 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.28
Options Exercisable, Number (in shares) | shares	62,500
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.28
Exercise Price 5 [Member]
Options Outstanding, Number (in shares) | shares	234,506
Options Outstanding, Weighted Average Remaining Contractual Life	6 years 324 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.285
Options Exercisable, Number (in shares) | shares	234,506
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.285
Exercise Price 6 [Member]
Options Outstanding, Number (in shares) | shares	81,522
Options Outstanding, Weighted Average Remaining Contractual Life	4 years 295 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.30
Options Exercisable, Number (in shares) | shares	0
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.30
Exercise Price 7 [Member]
Options Outstanding, Number (in shares) | shares	200,000
Options Outstanding, Weighted Average Remaining Contractual Life	8 years 321 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.66
Options Exercisable, Number (in shares) | shares	200,000
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.66
Exercise Price 8 [Member]
Options Outstanding, Number (in shares) | shares	150,000
Options Outstanding, Weighted Average Remaining Contractual Life	8 years 313 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.68
Options Exercisable, Number (in shares) | shares	49,995
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.68
Exercise Price 9 [Member]
Options Outstanding, Number (in shares) | shares	7,233,277
Options Outstanding, Weighted Average Remaining Contractual Life	2 years 273 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.70
Options Exercisable, Number (in shares) | shares	7,233,277
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.70
Exercise Price 10 [Member]
Options Outstanding, Number (in shares) | shares	488,356
Options Outstanding, Weighted Average Remaining Contractual Life	9 years 47 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.73
Options Exercisable, Number (in shares) | shares	128,767
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.73
Exercise Price 11 [Member]
Options Outstanding, Number (in shares) | shares	3,405,134
Options Outstanding, Weighted Average Remaining Contractual Life	5 years 160 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.83
Options Exercisable, Number (in shares) | shares	3,405,134
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.83
Exercise Price 12 [Member]
Options Outstanding, Number (in shares) | shares	975,000
Options Outstanding, Weighted Average Remaining Contractual Life	8 years 73 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.84
Options Exercisable, Number (in shares) | shares	741,667
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 0.84
Exercise Price 13 [Member]
Options Outstanding, Number (in shares) | shares	300,000
Options Outstanding, Weighted Average Remaining Contractual Life	7 years 142 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.10
Options Exercisable, Number (in shares) | shares	200,000
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.10
Exercise Price 14 [Member]
Options Outstanding, Number (in shares) | shares	300,000
Options Outstanding, Weighted Average Remaining Contractual Life	7 years 87 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.15
Options Exercisable, Number (in shares) | shares	258,333
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.15
Exercise Price 15 [Member]
Options Outstanding, Number (in shares) | shares	100,000
Options Outstanding, Weighted Average Remaining Contractual Life	1 year 306 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.24
Options Exercisable, Number (in shares) | shares	100,000
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.24
Exercise Price 16 [Member]
Options Outstanding, Number (in shares) | shares	115,000
Options Outstanding, Weighted Average Remaining Contractual Life	4 years 361 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.35
Options Exercisable, Number (in shares) | shares	115,000
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.35
Exercise Price 17 [Member]
Options Outstanding, Number (in shares) | shares	125,000
Options Outstanding, Weighted Average Remaining Contractual Life	1 year 306 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.45
Options Exercisable, Number (in shares) | shares	125,000
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.45
Exercise Price 18 [Member]
Options Outstanding, Number (in shares) | shares	330,000
Options Outstanding, Weighted Average Remaining Contractual Life	5 years 255 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.55
Options Exercisable, Number (in shares) | shares	330,000
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.55
Exercise Price 19 [Member]
Options Outstanding, Number (in shares) | shares	7,645
Options Outstanding, Weighted Average Remaining Contractual Life	1 year 306 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.58
Options Exercisable, Number (in shares) | shares	7,645
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.58
Exercise Price 20 [Member]
Options Outstanding, Number (in shares) | shares	3,077,060
Options Outstanding, Weighted Average Remaining Contractual Life	6 years 233 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.66
Options Exercisable, Number (in shares) | shares	3,077,060
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.66
Exercise Price 21 [Member]
Options Outstanding, Number (in shares) | shares	900,000
Options Outstanding, Weighted Average Remaining Contractual Life	5 years 142 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.90
Options Exercisable, Number (in shares) | shares	900,000
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1.90
Options Outstanding, Number (in shares) | shares	18,714,305
Options Outstanding, Weighted Average Remaining Contractual Life	5 years
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1
Options Exercisable, Number (in shares) | shares	17,218,886
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 1

Note 10 - Summary of Contractua

Note 10 - Summary of Contractual Obligations (Details)	Mar. 31, 2016USD ($)
Contractual Obligations:
Rent obligations, due	$ 118,179
Rent obligations, due in less than one year	$ 118,179
Rent obligations, due in one to three years
Total, due	$ 118,179
Total, due in less than one year	$ 118,179
Total, due in one to three years