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New Jersey Mining Company Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Gold sales $ 1,324,498 $ 1,547,654 $ 2,725,331 $ 2,692,328
Total revenue 1,324,498 1,547,654 2,725,331 2,692,328
Costs of Sales:        
Cost of sales and other direct production costs 1,157,356 1,328,213 2,324,745 2,284,006
Depreciation and amortization 133,783 141,906 269,317 270,858
Total costs of sales 1,291,139 1,470,119 2,594,062 2,554,864
Gross profit 33,359 77,535 131,269 137,464
Other operating expenses:        
Pre-development expense 0 0 0 65,567
Exploration 47,237 54,302 88,916 127,185
Loss on write off of equipment 0 0 9,537 0
Management 36,094 37,714 73,424 75,529
Professional services 40,797 25,404 113,208 81,411
General and administrative 103,982 271,050 190,470 320,345
Total other operating expenses 228,110 388,470 475,555 670,037
Operating income (loss) (194,751) (310,935) (344,286) (532,573)
Other (income) expense:        
Small Business Administration grant income (10,000) 0 (10,000) 0
Timber revenue net of costs (13,345) (10,571) (31,652) (10,571)
Interest income (11) (17,587) (1,589) (32,539)
Interest expense 41,117 16,583 73,656 33,019
Total other (income) expense 17,761 (11,575) 30,415 (10,091)
Net income (loss) (212,512) (299,360) (374,701) (522,482)
Net income (loss) attributable to non-controlling interest (32,299) (39,592) (48,220) (57,310)
Net income (loss) attributable to New Jersey Mining Company $ (180,213) $ (259,768) $ (326,481) $ (465,172)
Net income (loss) per common share-basic and diluted $ 0 $ 0 $ 0 $ 0
Weighted average common shares outstanding-basic 124,935,465 123,588,767 124,373,804 123,501,652