XML 39 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
New Jersey Mining Company Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue:        
Sales of gold   $ 10,602   $ 21,049
Joint venture management fee income 229 2,003 368 8,569
Contract milling and maintenance income 6,000 2,040 6,000 27,358
Total revenue 6,229 14,645 6,368 56,976
Costs and expenses:        
Milling 57,039 10,469 108,576 28,749
Exploration 146,516 35,823 307,052 36,053
Net loss (gain) on sale of equipment 34,878   34,878 (108,208)
Write down of mineral property   324,142   324,142
Depreciation and amortization 3,671 18,727 33,705 76,379
General and administrative expenses 147,666 48,079 476,355 127,097
Total operating expenses 389,770 437,240 960,566 484,212
Operating income (loss) (383,541) (422,595) (954,198) (427,236)
Other (income) expense:        
Royalties and other income   (29,352) (19,809) (38,037)
Gain on sale of marketable equity security (11,661)   (11,661)  
Interest income (248) (118) (526) (167)
Interest expense   15,800 12,430 44,491
Equity in loss of Golden Chest LLC       99,500
Total other (income) expense (11,909) (13,670) (19,566) 105,787
Income tax (provision) benefit 0 0 0 0
Net loss (371,632) (408,925) (934,632) (533,023)
Net loss attributable to non-controlling interest   209 (3,379) 5,716
Net loss attributable to New Jersey Mining Company (371,632) (408,716) (934,632) (527,307)
Other comprehensive loss:        
Net loss (371,632) (408,925) (934,632) (533,023)
Unrealized gain (loss) on marketable equity security 2,651 (22,245) 7,487 (10,589)
Comprehensive loss (368,981) (431,170) (927,145) (543,612)
Comprehensive loss attributable to non-controlling interest   209   5,716
Comprehensive loss attributable to New Jersey Mining Company $ (368,981) $ (430,961) $ (927,145) $ (537,896)
Net loss per common share-basic and diluted $ 0 $ 0.01 $ 0.01 $ 0.01
Weighted average common shares outstanding-basic and diluted 86,412,322 46,206,317 80,683,225 45,706,540