v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue:    
Sales of products, net $ 14,482,286 $ 7,278,536
Total revenue 14,482,286 7,278,536
Costs of Sales:    
Cost of sales and other direct production costs 4,203,603 3,030,829
Depreciation and amortization 713,785 549,621
Total costs of sales 4,917,388 3,580,450
Gross profit 9,564,898 3,698,086
Other operating expenses:    
Exploration 1,389,349 1,371,433
Management 189,643 264,745
Professional services 181,351 183,738
General and administrative 223,027 237,018
(Gain) loss on sale of equipment (632) 239,898
Total other operating expenses 1,982,738 2,296,832
Operating income 7,582,160 1,401,254
Other (income) expense:    
Equity (income) loss on investment in Buckskin Gold and Silver, Inc 168 (1,346)
Loss on investment in equity securities and mutual funds 304,241 0
Timber revenue net of costs (3,209) (3,856)
Dividend income (55,532) 0
Interest income (392,018) (185,395)
Total other income (146,350) (190,597)
Income before income taxes 7,728,510 1,591,851
Income tax provision 1,359,320 0
Net income 6,369,190 1,591,851
Net loss attributable to non-controlling interest (18,802) (17,128)
Net income attributable to Idaho Strategic Resources, Inc $ 6,387,992 $ 1,608,979
Net income per common share-basic $ 0.40 $ 0.12
Weighted average common share outstanding-basic 15,795,072 13,666,321
Net income per common share-diluted $ 0.40 $ 0.12
Weighted average common shares outstanding-diluted 15,976,298 13,735,770