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Condensed Consolidated Statements ofIncome statement (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Sales of products $ 3,301,221 $ 1,745,278 $ 9,879,332 $ 6,148,187
Total revenue 3,301,221 1,745,278 9,879,332 6,148,187
Costs of Sales:        
Cost of sales and other direct production costs 1,831,847 1,728,214 6,079,697 5,345,409
Depreciation and amortization 363,442 245,824 1,034,521 717,939
Total costs of sales 2,195,289 1,974,038 7,114,218 6,063,348
Gross profit (loss) 1,105,932 (228,760) 2,765,114 84,839
Other operating expenses:        
Exploration 435,439 747,217 916,250 1,530,122
Management 58,998 158,625 183,477 266,998
Professional services 80,856 85,429 444,899 301,446
General and administrative 117,178 603,274 504,241 1,078,563
(Gain) loss on disposal of equipment 0 64,739 (224) 68,641
Total other operating expenses 692,471 1,659,284 2,048,643 3,245,770
Operating income (loss) 413,461 (1,888,044) 716,471 (3,160,931)
Other (income) expense:        
Equity income on investment in Buckskin (1,608) (542) (2,965) (1,213)
Timber revenue net of costs 0 0 (20,724) 0
Gain on forgiveness of SBA loan 0 0 0 (10,000)
Loss on investment in equity securities 1,543 0 4,423 0
Interest income (23,560) (322) (61,253) (878)
Interest expense 33,103 22,244 52,999 85,902
Total other (income) expense 9,478 21,380 27,520 73,811
Net income (loss) 403,983 (1,909,424) 743,991 (3,234,742)
Net loss attributable to non-controlling interest (16,696) (15,005) (65,080) (66,123)
Net income (loss) attributable to Idaho Strategic Resources, Inc. $ 420,679 $ (1,894,419) $ 809,071 $ (3,168,619)
Net income (loss) per common share-basic $ 0.03 $ (0.16) $ 0.07 $ (0.27)
Weighted average common share outstanding-basic 12,256,523 12,032,901 12,238,172 11,677,167
Net income (loss) per common share-diluted $ 0.03 $ (0.16) $ 0.07 $ (0.27)
Weighted average common shares outstanding- diluted 12,263,318 12,032,901 12,243,055 11,677,167