XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
New Jersey Mining Company Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Gold sales $ 1,547,654 $ 489,555 $ 2,692,328 $ 1,590,946
Total revenue 1,547,654 489,555 2,692,328 1,590,946
Costs of Sales:        
Cost of sales and other direct production costs 1,328,213 1,026,459 2,284,006 2,052,178
Depreciation and amortization 141,906 76,504 270,858 145,564
Total costs of sales 1,470,119 1,102,963 2,554,864 2,197,742
Gross profit 77,535 (613,408) 137,464 (606,796)
Other operating expenses (income):        
Pre-development expense 0 0 65,567 0
Exploration 54,302 109,038 127,185 208,270
Gain on sale of mineral property 0 (2,947,862) 0 (2,947,862)
Management 37,714 47,178 75,529 68,980
Professional services 25,404 35,057 81,411 101,633
General and administrative 271,050 134,615 320,345 185,697
Total other operating expenses (income) 388,470 (2,621,974) 670,037 (2,383,282)
Operating income (expense) (310,935) 2,008,566 (532,573) 1,776,486
Other (income) expense:        
Timber revenue (10,571) 0 (10,571) 0
Interest income (17,587) (396) (32,539) (1,992)
Interest expense 16,583 22,116 33,019 47,460
Change in fair value of forward gold contracts 0 (2,131) 0 7,887
Total other (income) expense (11,575) 19,589 (10,091) 53,355
Net income (loss) (299,360) 1,988,977 (522,482) 1,723,131
Net loss attributable to non-controlling interest (39,592) (17,009) (57,310) (29,616)
Net income (loss) attributable to New Jersey Mining Company $ (259,768) $ 2,005,986 $ (465,172) $ 1,752,747
Net income (loss) per common share-basic and diluted $ 0.00 $ 0.02 $ 0.00 $ 0.01
Weighted average common shares outstanding-basic 123,588,767 121,699,503 123,501,652 117,382,967
Weighted average common shares outstanding-diluted 123,588,767 123,924,436 123,501,652 119,430,274