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New Jersey Mining Company Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (382,028) $ (357,240)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:    
Depreciation and amortization 425,641 429,626
Loss on write off of equipment 9,537 0
Adjustment of inventory to net realizable value 32,098 0
Accretion of asset retirement obligation 7,170 6,757
Stock based compensation 0 190,019
Change in operating assets and liabilities:    
Gold sales receivable 13,762 (107,931)
Inventories (27,019) 15,060
Joint venture receivable (420) (4,351)
Other current assets 19,401 (46,091)
Accounts payable and other accrued liabilities (7,738) (6,154)
Accrued payroll and related payroll expenses 31,333 19,372
Interest payable to related parties 0 1,688
Net cash provided (used) by operating activities 121,737 140,755
Cash flows from investing activities:    
Payment received on note receivable 0 150,000
Proceeds from sale of mineral property 0 50,000
Purchases of property, plant and equipment (286,889) (71,655)
Purchase of mineral property (798,088) 0
Additions to mineral property (64,692) 0
Net cash provided (used) by investing activities (1,149,669) 128,345
Cash flows from financing activities:    
Exercise of stock purchase warrants 208,334 0
Proceeds from sale of common stock and warrants net of issuance cost 2,906,896 0
Principal payments on notes payable (360,640) (226,232)
Principal payments on notes payable, related parties (53,434) (39,180)
Issuance of convertible debt 1,085,000 0
Proceeds from Small Business Administration loan 149,900 0
Contributions from non-controlling interest 24,892 28,212
Net cash provided (used) by financing activities 3,960,948 (237,200)
Net change in cash and cash equivalents 2,933,016 31,900
Cash and cash equivalents, beginning of period 217,796 248,766
Cash and cash equivalents, end of period 3,150,812 280,666
Non-cash investing and financing activities:    
Deposit on property applied to purchase of mineral property 25,000 0
Note payable for equipment purchase 217,000 858,223
Conversion of convertible debt to common stock 50,000 0
Note from related party for equipment purchase $ 0 $ 50,000