Restricted cash |
12 Months Ended |
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Dec. 31, 2015 | |
| Cash and Cash Equivalents [Abstract] | |
| Restricted cash |
3. Restricted cash
The restricted cash balance at December 31, 2015 is comprised of funds held in escrow at Green Bank for the purpose of paying for the construction of the lead recycling plant building in McCarran, NV. The building is expected to be completed in the second quarter of 2016. As of December 31, 2015, $2,644,069 of the outstanding accounts payable balance is to be paid out of the escrowed funds. |
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- References No definition available.
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- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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