v3.26.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Consolidated Statements of Operations    
Revenue-gold sales $ 42,406,253 $ 25,765,373
Cost of sales:    
Cost of sales and other direct production costs 13,862,226 10,861,492
Depreciation and amortization 2,338,100 1,953,388
Total cost of sales 16,200,326 12,814,880
Gross profit 26,205,927 12,950,493
Other operating expenses:    
Exploration 7,637,435 2,920,535
Loss on disposal of equipment 343,945 1,431
Management 945,579 407,715
Professional services 585,145 432,237
General and administrative 1,092,822 763,040
Total other operating expenses 10,604,926 4,524,958
Income from operations 15,601,001 8,425,535
Other (income) expense:    
Equity income on investment in Buckskin Gold and Silver, Inc. (3,646) (2,667)
(Gain) loss on investment in equity securities and mutual funds (110,092) 453
Timber revenue (9,679) (19,406)
Dividend income (50,881) 0
Interest income (1,282,045) (389,517)
Interest expense 0 83,295
Total other (income) expense (1,456,343) (327,842)
Income before income taxes 17,057,344 8,753,377
Income tax provision 426,146 0
Net income 16,631,198 8,753,377
Net loss attributable to non-controlling interest (84,476) (83,308)
Net income attributable to Idaho Strategic Resources, Inc. $ 16,715,674 $ 8,836,685
Net income per common share-basic $ 1.15 $ 0.68
Weighted average common shares outstanding-basic 14,489,196 13,026,487
Net income per common share-diluted $ 1.14 $ 0.67
Weighted average common shares outstanding-diluted 14,701,346 13,197,308