XML 13 R6.htm IDEA: XBRL DOCUMENT v3.20.1
New Jersey Mining Company Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ (162,189) $ (223,122)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:    
Depreciation and amortization 135,533 128,951
Loss on write off of equipment 9,537 0
Accretion of asset retirement obligation 2,355 2,218
Change in operating assets and liabilities:    
Gold sales receivable 29,433 (90,728)
Inventories 6,292 (20,507)
Joint venture receivable (249) (306)
Other current assets 40,550 (43,694)
Accounts payable and other accrued liabilities (38,467) 133,415
Accrued payroll and related payroll expenses 1,388 14,652
Net cash provided (used) by operating activities 24,183 (99,121)
Cash flows from investing activities:    
Purchases of property, plant and equipment (11,549) (36,208)
Purchase of mineral property (726,101) 0
Net cash provided (used) by investing activities (737,650) (36,208)
Cash flows from financing activities:    
Principal payments on notes payable (74,096) (70,333)
Principal payments on notes payable, related parties (17,964) (22,736)
Issuance of convertible debt 885,000 0
Contributions from non-controlling interest 2,659 2,357
Net cash provided (used) by financing activities 795,599 (90,712)
Net change in cash and cash equivalents 82,132 (226,041)
Cash and cash equivalents, beginning of period 217,796 248,766
Cash and cash equivalents, end of period 299,928 22,725
Non-cash investing and financing activities:    
Deposit on property applied to purchase of mineral property $ 25,000 $ 0