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New Jersey Mining Company Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ (1,803,172) $ (374,701)
Depreciation and amortization 378,173 269,317
Loss on write off of equipment 0 9,537
Accretion of asset retirement obligation 5,035 4,745
Stock based compensation 614,431 0
Issuance of common stock for services 6,500 0
Change in operating assets and liabilities:    
Gold sales receivable 1,194 (68,957)
Inventories 108,896 (49,694)
Joint venture receivable 1,712 (2,717)
Other current assets (35,042) 53,690
Accounts payable and other accrued liabilities (49,864) (190,246)
Accrued payroll and related payroll expenses 9,555 3,156
Net cash provided (used) by operating activities (762,582) (345,870)
Cash flows from investing activities:    
Purchases of property, plant and equipment (249,328) (12,689)
Deposits on equipment (21,829) 0
Purchase of mineral property (2,063,742) (747,193)
Net cash used by investing activities (2,334,899) (759,882)
Cash flows from financing activities:    
Proceeds from sale of common stock and warrants net of issuance cost 0 200,000
Exercise of common stock warrants 50,000 0
Principal payments on notes payable (249,449) (288,026)
Principal payments on notes payable, related parties (18,262) (44,639)
Issuance of convertible debt 1,750,000 885,000
Proceeds from Small Business Administration loans   509,717
Contributions from non-controlling interest 19,928 22,062
Net cash provided by financing activities 1,552,217 1,284,114
Net change in cash and cash equivalents (1,545,264) 178,362
Cash and cash equivalents, beginning of period 2,539,945 217,796
Cash and cash equivalents, end of period 994,681 396,158
Deposit on property applied to purchase of mineral property 0 25,000
Note payable for equipment purchase 1,130,143 0
Note payable for equipment purchase $ 735,000 $ 0