v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 4,331,823 $ 4,290,736
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,091,359 957,718
Loss on disposal of equipment 308,840 7,431
Accretion of asset retirement obligation 9,855 9,226
Loss on investment in equity securities 0 453
Equity income on investment in Buckskin Gold and Silver, Inc (1,187) (278)
Stock-based compensation 990,292 0
Debt payments made by 3rd party (44,951) 0
Change in operating assets and liabilities:    
Gold sales receivable (1,062,744) (477,647)
Inventories (221,069) 110,069
Joint venture receivable 1,784 667
Other current assets 12,332 42,939
Accounts payable and accrued expenses 529,780 248,611
Accrued payroll and related payroll expenses 6,435 19,517
Net cash provided by operating activities 5,952,549 5,209,442
Cash flows from investing activities:    
Purchases of property, plant, and equipment (2,436,596) (583,841)
Deposits on equipment (62,600) (345,907)
Proceeds from sale of equipment 90,400 0
Additions to mineral property (1,112,712) (960,388)
Purchase of US treasury notes (6,709,895) (6,309,340)
Proceeds from sale of investment in equity securities 0 5,196
Purchase of reclamation bond (81,000) (5,000)
Net cash used by investing activities (10,312,403) (8,199,280)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of issuance cost 6,246,713 2,160,884
Proceeds from issuance of common stock for warrants exercised 0 990,019
Proceeds from issuance of common stock for stock options exercised 0 150,001
Principal payments on notes payable (565,087) (795,530)
Contributions from non-controlling interest 15,803 12,245
Net cash provided by financing activities 5,697,429 2,517,619
Net change in cash and cash equivalents 1,337,575 (472,219)
Cash and cash equivalents, beginning of period 1,106,901 2,286,999
Cash and cash equivalents, end of period 2,444,476 1,814,780
Non-cash investing and financing activities:    
Deposit on equipment applied to purchase 194,101 30,719
Notes payable for equipment purchase 2,156,967 559,752
Note payable for mineral property purchase $ 0 $ 650,000