XML 35 R4.htm IDEA: XBRL DOCUMENT v3.19.3
New Jersey Mining Company Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Gold sales $ 1,852,636 $ 1,032,845 $ 4,544,964 $ 2,623,792
Total revenue 1,852,636 1,032,845 4,544,964 2,623,792
Costs of Sales:        
Cost of sales and other direct production costs 1,246,683 1,123,679 3,530,689 3,175,857
Depreciation and amortization 158,768 103,987 429,626 249,551
Total costs of sales 1,405,451 1,227,666 3,960,315 3,425,408
Gross profit 447,185 (194,821) 584,649 (801,616)
Other operating expenses (income):        
Pre-development expense 51,873 0 117,440 0
Exploration 55,625 160,147 182,830 368,417
Gain on sale of mineral property 0 0 0 (2,947,862)
Management 39,441 44,808 114,970 113,788
Professional services 32,423 57,152 113,834 158,786
General and administrative 75,971 110,219 396,316 295,917
Total other operating expenses (income) 255,333 372,326 925,390 (2,010,954)
Operating income (loss) 191,852 (567,147) (340,741) 1,209,338
Other (income) expense:        
Timber revenue 0 0 (10,571) 0
Interest income (350) (12,896) (32,889) (14,888)
Interest expense 26,960 25,928 59,959 73,387
Change in fair value of forward gold contracts 0 8,096 0 15,983
Total other (income) expense 26,610 21,128 16,499 74,482
Net income (loss) 165,242 (588,275) (357,240) 1,134,856
Net loss attributable to non-controlling interest (22,086) (14,797) (79,396) (44,413)
Net income (loss) attributable to New Jersey Mining Company $ 187,328 $ (573,478) $ (277,844) $ 1,179,269
Net income (loss) per common share-basic and diluted $ 0 $ 0 $ 0 $ 0.01
Weighted average common shares outstanding-basic 123,812,144 122,513,543 123,606,287 119,111,952
Weighted average common shares outstanding-diluted 124,786,628 122,513,543 123,606,287 121,585,011