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New Jersey Mining Company Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ (2,040,843) $ (382,028)
Depreciation and amortization 595,227 425,641
Loss on write off of equipment 0 9,537
Adjustment of inventory to net realizable value 0 32,098
Accretion of asset retirement obligation 7,476 7,170
Stock based compensation 614,431 0
Issuance of common stock for services 6,500 0
Change in operating assets and liabilities:    
Gold sales receivable 52,654 13,762
Inventories 146,431 (27,019)
Joint venture receivable 2,536 (420)
Other current assets (107,770) 19,401
Accounts payable and other accrued liabilities (48,902) (7,738)
Accrued payroll and related payroll expenses 14,147 31,333
Net cash provided (used) by operating activities (758,113) 121,737
Cash flows from investing activities:    
Purchases of property, plant and equipment (351,618) (286,889)
Deposits on equipment 12,863 0
Purchase of mineral property (2,346,181) (798,088)
Additions to mineral property 0 (64,692)
Net cash used by investing activities (2,684,936) (1,149,669)
Cash flows from financing activities:    
Proceeds from sale of common stock and warrants net of issuance cost 0 2,906,896
Exercise of common stock warrants 50,000 208,334
Principal payments on notes payable (409,679) (360,640)
Principal payments on notes payable, related parties (27,599) (53,434)
Issuance of convertible debt 1,750,000 1,085,000
Proceeds from Small Business Administration loans   149,900
Contributions from non-controlling interest 21,569 24,892
Net cash provided by financing activities 1,384,291 3,960,948
Net change in cash and cash equivalents (2,058,758) 2,933,016
Cash and cash equivalents, beginning of period 2,539,945 217,796
Cash and cash equivalents, end of period 481,187 3,150,812
Non-cash investing and financing activities:    
Deposit on property applied to purchase of mineral property 0 25,000
Note payable for equipment purchase 1,149,683 217,000
Note payable for equipment purchase 835,000 50,000
Issuance of common stock for investment in Buckskin $ 192,946 $ 0