XML 52 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
New Jersey Mining Company Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net loss $ (934,632) $ (533,023)
Adjustments to reconcile net loss to net cash (used) by operating activities    
Depreciation and amortization 33,705 76,379
(Gain) loss on sale of equipment 34,878 (108,208)
Gain on sale of marketable equity security (11,661)  
Write-down of mineral property   324,142
Accretion of asset retirement obligation 864 864
Equity in loss of Golden Chest LLC   99,500
Stock based compensation 81,813  
Common stock issued for management and directors fees   5,000
Change in:    
Joint venture receivables (27,618) (21,892)
Other current assets (13,408) (46,229)
Inventory   19,464
Accounts payable 101,063 107,810
Accrued payroll and related payroll expense 10,591 9,436
Accounts payable joint venture   35,696
Account payable Marathon Gold   (62,500)
Net cash (used) by operating activities (724,405) (93,561)
Cash flows from investing activities:    
Purchases of property, plant and equipment (550,048)  
Purchase of controlling interest in GF&H (100,000)  
Purchase of mineral property   (4,500)
Proceeds from sale of mineral property 10,000 24,000
Contributions to Golden Chest LLC   (99,500)
Proceeds from sale of marketable equity security 13,485  
Proceeds from sale of equipment 76,676 112,000
Net cash provided (used) by investing activities (549,887) 32,000
Cash flows from financing activities:    
Sales of common stock and warrants, net of issuance costs 1,485,000 285,400
Principal payments on notes payable (94,578) (38,832)
Principal payments on capital lease (26,367) (23,682)
Principal payments on note and other payables, related party, net (22,610) 113,340
Proceeds from noncontrolling interest 22,987 23,682
Net cash provided by financing activities 1,364,432 359,907
Net change in cash and cash equivalents 90,140 (298,346)
Cash and cash equivalents, beginning of period 636,127 9,950
Cash and cash equivalents, end of period 726,267 308,296
Supplemental disclosure of cash flow information    
Interest paid in cash, net of amount capitalized 12,430 44,491
Non-cash investing and financing activities:    
Common stock issued for Mineral properties agreement   9,000
Debt relieved from sale of equipment   10,636
Noncontrolling interest in company acquired $ 50,000