v3.22.4
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Sep. 30, 2022
CURRENT ASSETS:    
Cash $ 956,147 $ 2,438,587
Prepaid expenses and other current assets 71,099 18,444
TOTAL CURRENT ASSETS 1,027,246 2,457,031
Property, mineral rights, and equipment, net 14,022,809 13,980,855
OTHER ASSETS:    
Reclamation bonds 528,643 528,643
Deposits and other assets 5,700 5,700
TOTAL OTHER ASSETS 534,343 534,343
TOTAL ASSETS 15,584,398 16,972,229
CURRENT LIABILITIES:    
Accounts payable 65,806 639,994
Accrued expenses 12,182 22,214
Accrued interest - related party 73,117 57,966
Accrued payroll, benefits and taxes 38,480 42,143
Senior unsecured note payable - related party 270,991 270,991
TOTAL CURRENT LIABILITIES 460,576 1,033,308
LONG-TERM LIABILITIES:    
Asset retirement obligation 138,895 124,159
TOTAL LONG-TERM LIABILITIES 138,895 124,159
TOTAL LIABILITIES 599,471 1,157,467
COMMITMENTS AND CONTINGENCIES (Note 7) 0 0
STOCKHOLDERS' EQUITY:    
Preferred stock, $ 0.01 par value; 10,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $ 0.001 par value; 500,000,000 shares authorized, 159,676,152 and 159,676,152 shares issued and outstanding, respectively 159,676 159,676
Additional paid-in capital 90,007,348 89,955,640
Accumulated deficit (75,182,097) (74,300,554)
TOTAL STOCKHOLDERS' EQUITY 14,984,927 15,814,762
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 15,584,398 $ 16,972,229