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New Jersey Mining Company Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Gold sales $ 1,556,070 $ 1,852,636 $ 4,281,401 $ 4,544,964
Total revenue 1,556,070 1,852,636 4,281,401 4,544,964
Costs of Sales:        
Cost of sales and other direct production costs 1,506,982 1,246,683 3,831,727 3,530,689
Depreciation and amortization 156,325 158,768 425,641 429,626
Total costs of sales 1,663,307 1,405,451 4,257,368 3,960,315
Gross profit (loss) (107,237) 447,185 24,033 584,649
Other operating expenses:        
Pre-development expense 0 51,873 0 117,440
Exploration 44,613 55,625 133,529 182,830
Loss on write off of equipment 0 0 9,537 0
Management 38,812 39,441 112,236 114,970
Professional services 33,709 32,423 146,917 113,834
General and administrative 117,762 75,971 308,232 396,316
Total other operating expenses 234,896 255,333 710,451 925,390
Operating income (loss) (342,132) 191,852 (686,418) (340,741)
Other (income) expense:        
Small Business Administration grant income (360,054) 0 (370,054) 0
Timber revenue net of costs (14,961) 0 (46,613) (10,571)
Interest income (38) (350) (1,626) (32,889)
Interest expense 40,247 26,960 113,903 59,959
Total other (income) expense (334,806) 26,610 (304,390) 16,499
Net income (loss) (7,327) 165,242 (382,028) (357,240)
Net income (loss) attributable to non-controlling interest (18,034) (22,086) (66,254) (79,396)
Net income (loss) attributable to New Jersey Mining Company $ 10,707 $ 187,328 $ (315,774) $ (277,844)
Net income (loss) per common share-basic and diluted $ 0.00 $ 0.00 $ (0.00) $ (0.00)
Weighted average common shares outstanding-basic 129,394,027 123,812,144 126,059,427 123,606,287
Weighted average common shares outstanding-diluted 133,092,547 124,786,628 126,059,427 123,606,287