v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 6,369,190 $ 1,591,851
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 713,785 549,621
(Gain) loss on sale of equipment (632) 239,898
Accretion of asset retirement obligation 5,221 4,887
Loss on investment in equity securities and mutual funds 304,241 0
Equity (income) loss on investment in Buckskin Gold and Silver, Inc. 168 (1,346)
Stock-based compensation 138,641 495,146
Amortization of discount on US treasury notes 53,768 4,903
Deferred tax expense 794,591 0
Change in operating assets and liabilities:    
Gold sales receivable (7,252) (254,691)
Inventories (268,639) (271,670)
Joint venture receivable 8,964 965
Other current assets (73,028) 41,021
Accounts payable and accrued expenses (228,113) 16,192
Accrued payroll and related payroll expenses 410,563 (2,285)
Income taxes payable 564,729 0
Net cash provided by operating activities 8,786,197 2,414,492
Cash flows from investing activities:    
Purchases of property, plant, and equipment (2,841,479) (1,408,468)
Deposits on equipment (2,257,968) 0
Proceeds from sale of equipment 0 40,400
Purchase of mineral property (202,405) 0
Additions to mineral property (1,658,777) (455,029)
Purchase of US treasury notes (7,303,185) (1,873,934)
Maturity of US treasury notes 6,921,000 1,780,000
Proceeds from sale of equity securities 3,912,963 0
Proceeds from sale of mutual funds 3,869,814 0
Purchase of reclamation bond 0 (81,000)
Net cash provided (used) by investing activities 439,963 (1,998,031)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of issuance cost 1,778,817 0
Proceeds from issuance of common stock for stock options exercised 201,250 0
Principal payments on notes payable (307,884) (219,165)
Contributions from non-controlling interest 3,796 1,927
Net cash provided (used) by financing activities 1,675,979 (217,238)
Net change in cash and cash equivalents 10,902,139 199,223
Cash and cash equivalents, beginning of period 9,889,765 1,106,901
Cash and cash equivalents, end of period 20,791,904 1,306,124
Non-cash investing and financing activities:    
Deposit on equipment applied to purchase 0 194,101
Notes payable for equipment purchase $ 0 $ 2,156,967