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New Jersey Mining Company Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Gold Sales $ 1,266,139 $ 45,854 $ 3,218,147 $ 123,518
Milling income   6,500   21,114
Total revenue 1,266,139 52,354 3,218,147 144,632
Costs and expenses:        
Production 813,785 51,241 2,118,138 146,428
Pre-development expenses 59,769 199,821 159,102 199,821
Exploration 9,220 37,772 45,200 112,829
Depreciation and amortization 40,597   100,588 3,214
Management 35,678 45,923 128,317 102,074
Accounting and legal services 33,232 32,776 131,754 87,766
General and administrative expenses 51,135 42,520 192,616 98,285
Total operating expenses 1,043,416 405,053 2,875,715 750,417
Operating income (loss) 222,723 (352,699) 342,432 (605,785)
Other (income) expense:        
Royalties and other income       (200)
Timber income   (52,252)   (52,252)
Timber expense     5,304 428
Interest income (7,745) (1,483) (8,604) (4,532)
Interest expense 16,070 20,760 53,243 60,837
Change in fair value of forward gold contracts 76,865 466,783 218,461 466,783
Amortization of discount on note payable 8,925 42,249 35,200 67,157
Total other expense 94,115 476,057 303,604 538,221
Net income (loss) 128,608 (828,756) 38,828 (1,144,006)
Net income (loss) attributable to non-controlling interest (15,799) 9,702 (43,107) 23,311
Net income (loss) attributable to New Jersey Mining Company $ 144,407 $ (838,458) $ 81,935 $ (1,167,317)
Net income (loss) per common share-basic and diluted $ 0 $ 0 $ 0 $ 0
Weighted average common shares outstanding-basic 108,893,704 94,855,670 105,707,990 94,485,652
Weighted average common shares outstanding-diluted 109,805,242 94,855,670 106,461,364 94,485,652