Summary of Significant Accounting Policies (Policies) |
12 Months Ended | |||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||
| Accounting Policies [Abstract] | ||||||||||||||||||||||
| Basis of Presentation | Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to annual reports on Form 10-K. |
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| Use of Estimates | Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.
Actual results could differ materially from those estimates.
Significant areas that require the use of estimates include, but are not limited to:
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| Principles of Consolidation | Principles of Consolidation The consolidated financial statements include the accounts of MineralRite Corporation and all of its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation in accordance with ASC 810, Consolidation. |
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| Deferred Offering Costs | Deferred Offering Costs The Company capitalizes certain legal, accounting, and other third-party costs directly associated with ongoing or proposed securities offerings. These costs are classified as deferred offering costs on the balance sheet.
Upon successful completion of the offering, these amounts are offset against the proceeds as a reduction to additional paid-in capital. If an offering is abandoned or withdrawn, the costs are expensed in the period that determination is made. |
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| Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company maintains its cash in bank deposit accounts which may, at times, exceed federally insured limits. The Company has not experienced any losses in such accounts. |
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| Concentration of Credit Risk | Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash deposits. The Company maintains its cash with financial institutions that are federally insured. At times, such balances may exceed insured limits. The Company has not experienced any losses in these accounts. |
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| Revenue Recognition | Revenue Recognition The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers. Revenue is recognized when control of the promised goods or services is transferred to customers in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services. |
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| Accounts Receivable | Accounts Receivable Accounts receivable are stated at amounts due from customers, net of an allowance for credit losses when applicable. The Company evaluates the collectability of receivables and records an allowance for credit losses based on historical experience, current conditions, and reasonable and supportable forecasts. |
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| Inventory | Inventory Inventory is stated at the lower of cost or net realizable value in accordance with ASC 330.
Inventory, when held, consists of finished or near-finished precious metal products, such as doré bars, bullion, or metals held for matched purchase and sale transactions, that are intended for sale in the ordinary course of business within a reasonable operating cycle.
Materials requiring substantial processing, development, or capital expenditure before becoming saleable, including mine tailings and similar materials, are not classified as inventory and are instead presented as mineral assets or other long-lived assets, as appropriate.
Costs assigned to inventory include purchase price and other costs directly attributable to bringing finished or near-finished products to their existing condition and location. Inventory is evaluated at each reporting date and written down to net realizable value when the carrying amount exceeds the amount expected to be realized. |
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| Property, Plant and Equipment | Property, Plant and Equipment Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets.
Maintenance and repairs are expensed as incurred. Major improvements that extend the useful life of an asset are capitalized. |
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| Mineral Properties and Intangible Assets | Mineral Properties and Intangible Assets Mineral properties and related intangible assets are recorded at cost and consist primarily of mineral leases, acquired tailings, and related project-level rights and plans.
The Company evaluates mineral properties and intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.
If such indicators are present, the Company compares the carrying value of the asset to the estimated undiscounted future cash flows expected to result from the use and eventual disposition of the asset. If the carrying value exceeds those cash flows, an impairment loss is recognized in the amount by which the carrying value exceeds the estimated fair value. |
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| Business Combinations | Business Combinations The Company accounts for business combinations in accordance with ASC 805, Business Combinations. The Company allocates the purchase price of an acquired business to the assets acquired and liabilities assumed based on their estimated fair values at the acquisition date.
Any excess of the purchase price over the fair value of the identifiable net assets acquired is recorded as goodwill. Acquisition-related costs are expensed as incurred.
For acquisitions that do not meet the definition of a business, the transaction is accounted for as an asset acquisition, and the cost of the acquisition is allocated to the assets acquired on a relative fair value basis. |
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| Goodwill | Goodwill Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in a business combination. Goodwill is not amortized but is tested for impairment at least annually or more frequently if events or changes in circumstances indicate potential impairment. |
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| Leases | Leases The Company accounts for leases in accordance with ASC 842, Leases. The Company determines whether an arrangement contains a lease at inception.
Right-of-use assets represent the Company’s right to use an underlying asset during the lease term, and lease liabilities represent the Company’s obligation to make lease payments arising from the lease.
Lease assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. |
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| Debt and Notes Payable | Debt and Notes Payable Debt and notes payable are recorded at the principal amount borrowed, net of any unamortized discounts or premiums. Debt issuance costs, if any, are amortized over the term of the related debt using the effective interest method.
Interest expense is recognized over the term of the borrowing. |
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| Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company follows ASC 820, Fair Value Measurement, for financial assets and liabilities measured at fair value on a recurring basis.
ASC 820 establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value:
The carrying amounts of cash, accounts payable, and accrued liabilities approximate fair value due to their short-term nature. |
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| Stock-Based Compensation |
The Company accounts for stock-based compensation in accordance with ASC 718, Compensation—Stock Compensation.
Stock-based compensation is measured at the grant-date fair value of the equity instruments issued and is recognized as compensation expense over the requisite service period, if any.
If equity instruments are issued for services and the fair value of the services is more reliably measurable than the fair value of the equity instruments, the Company measures the transaction based on the fair value of the services received. |
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| Earnings (Loss) per Share |
Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period.
Diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For periods in which the Company reports a net loss, all potentially dilutive securities are excluded from the calculation because their effect would be anti-dilutive. |
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| Income Taxes | Income Taxes The Company accounts for income taxes in accordance with ASC 740, Income Taxes. Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been included in the financial statements or tax returns.
Deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using enacted tax rates expected to apply when those differences are reversed.
A valuation allowance is provided when it is more likely than not that some portion or all of the deferred tax assets will not be realized. |
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| Segment Reporting | Segment Reporting The Company operates in a single operating segment focused on mineral asset acquisition, evaluation, and development. Accordingly, the Company has one reportable segment. |