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Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 3,409,188 $ 1,976,518
Gold sales receivable 806,417 408,187
Inventories 606,073 213,722
Joint venture receivable 2,828 4,442
Other current assets 297,728 334,443
Total current assets 5,122,234 2,937,312
Property, plant and equipment, net of accumulated depreciation 8,243,066 8,255,961
Mineral properties, net of accumulated amortization 6,030,664 5,843,186
Investment in Buckskin 333,059 332,728
Investment in joint venture 435,000 435,000
Reclamation bond 103,320 103,320
Deposits 137,585 11,694
Total assets 20,404,928 17,919,201
Current liabilities:    
Accounts payable and accrued expenses 710,534 647,218
Accrued payroll and related payroll expenses 221,719 174,110
Notes payable related parties, current portion 10,957 10,543
Notes payable, current portion 714,401 664,153
Small Business Administration loan and interest, current portion 2,408 2,469
Total current liabilities 1,660,019 1,498,493
Asset retirement obligation 174,864 172,348
Notes payable related parties, long term 95,451 106,068
Convertible debt 0 1,950,000
Notes payable, long term 961,307 961,748
Small Business Administration loan and interest, long term 168,394 166,742
Total long-term liabilities 1,400,016 3,356,906
Total liabilities 3,060,035 4,855,399
Commitments (Note 11) 0 0
Stockholders' equity:    
Preferred stock, no par value, 1,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, no par value, 200,000,000 shares authorized; March 31, 2022-11,749,579 and December 31, 2021- 10,940,969 shares issued and outstanding 30,756,088 26,004,756
Accumulated deficit (16,288,557) (15,832,955)
Total Idaho Strategic Resources, Inc stockholders' equity 14,467,531 10,171,801
Non-controlling interest 2,877,362 2,892,001
Total stockholders' equity 17,344,893 13,063,802
Total liabilities and stockholders' equity $ 20,404,928 $ 17,919,201