XML 17 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
New Jersey Mining Company Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue:        
Gold sales $ 489,555 $ 1,262,690 $ 1,590,946 $ 1,952,008
Total revenue 489,555 1,262,690 1,590,946 1,952,008
Costs of Sales:        
Cost of sales and other direct production costs 1,026,459 803,949 2,052,178 1,304,353
Depreciation and amortization 76,504 32,711 145,564 59,991
Total costs of sales 1,102,963 836,660 2,197,742 1,364,344
Gross profit (loss) (613,408) 426,030 (606,796) 587,664
Other operating expenses (income):        
Exploration 109,038 17,550 208,270 35,980
Gain on sale of mineral property (2,947,862)   (2,947,862)  
Management 47,178 37,550 68,980 92,639
Professional services 35,057 32,889 101,633 98,522
General and administrative 134,615 61,722 185,697 141,481
Total other operating expenses (income) (2,621,974) 209,417 (2,383,282) 467,956
Operating income 2,008,566 216,613 1,776,486 119,708
Other (income) expense:        
Timber expense   5,231   5,304
Interest income (396) (102) (1,992) (859)
Interest expense 22,116 16,948 47,460 37,173
Change in fair value of forward gold contracts (2,131) (1,618) 7,887 141,596
Amortization of discount on note payable   11,756   26,274
Total other (income) expense 19,589 32,215 53,355 209,488
Net income (loss) 1,988,977 184,398 1,723,131 (89,780)
Net loss attributable to non-controlling interest (17,009) (16,274) (29,616) (27,307)
Net income (loss) attributable to New Jersey Mining Company $ 2,005,986 $ 200,672 $ 1,752,747 $ (62,473)
Net income per common share-basic and diluted $ 0.02 $ 0 $ 0.01 $ 0
Weighted average common shares outstanding-basic 121,699,503 108,893,704 117,382,967 104,893,704
Weighted average common shares outstanding-diluted 123,924,436 109,698,060 119,430,274 104,893,704