v3.26.1
Consolidated Statements of Cash Flows (Audited) - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash Flows from Operating Activities    
Net income $ (291,519) $ 396,762
Depreciation and amortization 121,648
Stock-based compensation expense 81,733
Unrealized (gain) loss on investments (25,800)
(Gain) Loss on extinguishment of debt (117,500) (763,377)
(Gain) Loss on Extinguishment of Obligations (warrants issued) (137,499)
Deferred income taxes
(Increase) decrease in receivables and prepaids (6,496)
(Increase) decrease in inventory
Increase (decrease) in payables and accrued liabilities 49,382 10,552
Other adjustments, net (2,700)
Net cash provided by (used in) operating activities (306,404) (378,410)
Cash Flows from Investing Activities    
Purchases of minerals, property and equipment (11,500)
Proceeds from sale of minerals, property and equipment
Purchases of marketable securities
Proceeds from sale of marketable securities
Net cash provided by (used in) investing activities (11,500)
Cash Flows from Financing Activities    
Proceeds from issuance of common stock 353,009
Proceeds from issuance of preferred stock 203,900
Proceeds from option/warrant premiums 2,365
Proceeds from issuance of debt 125,500 28,222
Repayments of debt (12,702)
Payment of dividends
Net cash provided by (used in) financing activities 319,063 381,231
Net Change in Cash    
Net increase (decrease) in cash and cash equivalents 1,159 2,821
Cash and cash equivalents at beginning of period 10,458 7,637
Cash and cash equivalents at end of period 11,617 $ 10,458
Non-Cash Financing Activities    
Stock issued for services (total contractual value) 209,600  
Conversion of short term notes payable into equity (exercise of options) 125,500  
Reduction of accounts payable via option exercise (bill offset transaction) 31,200  
Non-cash issuance of Series D convertible preferred stock 1,380,000  
Non-Cash Investing Activities    
Issuance of common for investment (non-cash transaction) $ 25,500