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New Jersey Mining Company Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ (739,939) $ (726,507)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:    
Depreciation and amortization 575,671 580,005
Accretion of asset retirement obligation 9,632 9,077
Stock based compensation 0 190,019
Loss on abandonment of mineral property 0 333,333
Loss on write off of equipment 9,536 0
Gain on forgiveness of CARES Act loan (358,346) 0
Change in operating assets and liabilities:    
Gold sales receivable 41,145 (231,251)
Inventories (177,391) (42,077)
Joint venture receivable (1,767) (359)
Other current assets (65,230) (55,610)
Accounts payable and accrued liabilities 161,188 127,734
Accrued payroll and related payroll expenses 63,083 22,043
Net cash provided (used) by operating activities (482,418) 206,407
Cash flows from investing activities:    
Purchases of property, plant and equipment (502,879) (95,220)
Additions to mineral properties (1,077,799) 0
Deposit on mineral property 0 (25,000)
Deposit on equipment (12,863) 0
Proceeds from sale of mineral property 0 50,000
Payment received on note receivable 0 150,000
Net cash provided (used) by investing activities (1,593,541) 79,780
Cash flows from financing activities:    
Sales of common stock and warrants, net of issuance costs 2,906,896 0
Proceeds from exercise of warrants 341,667  
Proceeds from exercise of stock options 4,500 0
Principal payments on notes payable (439,902) (294,562)
Principal payments on notes, related parties (62,362) (70,153)
Issuance of convertible debt 1,085,000 0
Proceeds from Small Business Administration loans 518,246 0
Contributions from non-controlling interest 44,063 47,558
Net cash provided (used) by financing activities 4,398,108 (317,157)
Net change in cash and cash equivalents 2,322,149 (30,970)
Cash and cash equivalents, beginning of year 217,796 248,766
Cash and cash equivalents, end of year 2,539,945 217,796
Supplemental disclosure of cash flow information:    
Interest paid in cash 148,086 84,771
Non-cash investing and financing activities:    
Deposit on property applied to purchase of mineral property 25,000 11,958
Note payable for equipment purchase 283,154 858,223
Note from related party for equipment purchase 0 50,000
Conversion of convertible debt to common stock $ 50,000 $ 0