XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 3,133,623 $ 1,976,518
Gold sales receivable 734,594 408,187
Inventories 646,302 213,722
Joint venture receivable 2,909 4,442
Other current assets 561,694 334,443
Total current assets 5,079,122 2,937,312
Property, plant and equipment, net of accumulated depreciation 8,553,696 8,255,961
Mineral properties, net of accumulated amortization 6,319,404 5,843,186
Investment in Buckskin 333,399 332,728
Investment in joint venture 435,000 435,000
Reclamation bond 321,120 103,320
Deposits 140,222 11,694
Total assets 21,181,963 17,919,201
Current liabilities:    
Accounts payable and accrued expenses 713,517 647,218
Accrued payroll and related payroll expenses 217,622 174,110
Notes payable related parties, current portion 11,376 10,543
Notes payable, current portion 743,589 664,153
Small Business Administration loan, current portion 1,813 2,469
Total current liabilities 1,687,917 1,498,493
Asset retirement obligation 254,596 172,348
Notes payable related parties, long term 84,727 106,068
Convertible debt 0 1,950,000
Notes payable, long term 1,106,230 961,748
Small Business Administration loan, long term 160,393 166,742
Total long-term liabilities 1,605,946 3,356,906
Total liabilities 3,293,863 4,855,399
Commitments (Note 11) 0 0
Stockholders' equity:    
Preferred stock, no par value, 1,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, no par value, 200,000,000 shares authorized; June 30, 2022-11,985,747 and December 31, 2021- 10,940,969 shares issued and outstanding 32,133,342 26,004,756
Accumulated deficit (17,107,155) (15,832,955)
Total Idaho Strategic Resources, Inc stockholders' equity 15,026,187 10,171,801
Non-controlling interest 2,861,913 2,892,001
Total stockholders' equity 17,888,100 13,063,802
Total liabilities and stockholders' equity $ 21,181,963 $ 17,919,201