v3.22.2.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Consolidated Balance Sheets    
Revenue-gold sales $ 7,630,416 $ 5,674,947
Cost of sales:    
Cost of sales and other direct production costs 6,328,117 5,031,730
Depreciation and amortization 814,422 575,671
Total cost of sales 7,142,539 5,607,401
Gross profit 487,877 67,546
Other operating expenses:    
Exploration 1,417,605 303,291
Loss on write-off of equipment 0 9,536
Management 518,011 169,493
Professional services 293,402 183,017
General and administrative 1,319,145 397,315
Total other operating expenses 3,548,163 1,062,652
Income (loss) from operations (3,060,286) (995,106)
Other (income) expense:    
Gain on forgiveness of CARES Act loan 0 358,346
Equity income on investment in Buckskin (3,782)  
Timber revenue (4,338) (49,798)
Timber expense 0 3,494
Interest Income (146) (1,696)
Interest expense 208,341 151,179
Total other (income) expense 200,075 (255,167)
Net income (loss) (3,260,361) (739,939)
Net income (loss) attributable to non-controlling interest (100,192) (97,063)
Net income (loss) attributable to Idaho Strategic Resources, Inc. $ (3,160,169) $ (642,876)
Net income (loss) per common share-basic and diluted $ (0.31) $ (0.07)
Weighted average common shares outstanding-basic and diluted 10,192,465 9,198,015