v3.22.2.2
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,976,518 $ 2,539,945
Gold sales receivable 408,187 264,779
Inventories 213,722 402,537
Joint venture receivable 4,442 4,177
Other current assets 334,443 224,063
Total current assets 2,937,312 3,435,501
Property, plant and equipment, net of accumulated depreciation 8,255,961 7,227,144
Mineral properties, net of accumulated amortization 5,843,186 3,455,233
Investment in Buckskin 332,728 0
Investment in joint venture 435,000 435,000
Reclamation bond 103,320 103,320
Deposits 11,694 12,863
Total assets 17,919,201 14,669,061
Current liabilities:    
Accounts payable and accrued expenses 647,218 687,331
Accrued payroll and related payroll expenses 174,110 143,485
Notes payable related parties, current portion 10,543 37,078
Notes payable, current portion 664,153 339,704
Small Business Administration loan and interest, current portion 2,469 1,741
Total current liabilities 1,498,493 1,209,339
Asset retirement obligation 172,348 173,001
Notes payable related parties, long term   117,234
Convertible debt 1,950,000 1,010,000
Convertible debt-related party 0 25,000
Notes payable, long term 961,748 709,072
Small Business Administration loan and interest, long term 166,742 161,251
Total long-term liabilities 3,356,906 2,195,558
Total liabilities 4,855,399 3,404,897
Commitments and Contingencies 0 0
Stockholders' equity:    
Preferred stock, no par value, 1,000,000 shares authorized; no sharesissued or outstanding 0 0
Common stock, no par value, 200,000,000 shares authorized; 10,940,969 and 9,826,665 shares issued and outstanding, respectively 26,004,756 20,986,062
Accumulated deficit (15,832,955) (12,672,786)
Total Idaho Strategic Resources, Inc. stockholders' equity 10,171,801 8,313,276
Non-controlling interest 2,892,001 2,950,888
Total stockholders' equity 13,063,802 11,264,164
Total liabilities and stockholders' equity $ 17,919,201 $ 14,669,061