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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Sales of products $ 2,358,492 $ 4,402,909 $ 2,180,232 $ 3,766,859
Total revenue 2,358,492 4,402,909 2,180,232 3,766,859
Costs of Sales:        
Cost of sales and other direct production costs 2,109,129 3,617,195 1,622,606 3,097,841
Depreciation and amortization 241,906 472,115 195,377 378,173
Total costs of sales 2,351,035 4,089,310 1,817,983 3,476,014
Gross profit 7,457 313,599 362,249 290,845
Other operating expenses:        
Exploration 386,781 782,905 208,170 925,877
Management 53,484 108,373 55,331 256,391
Professional services 136,035 216,018 43,430 166,081
General and administrative 273,977 475,289 136,007 649,842
Loss on disposal of equipment 3,901 3,901 0 0
Total other operating expenses 854,178 1,586,486 442,938 1,998,191
Operating loss (846,721) (1,272,887) (80,689) (1,707,346)
Other (income) expense:        
Equity income on investment in Buckskin (339) (670) 0 0
Timber revenue net of costs 0 0 (735) (4,338)
Gain on forgiveness of SBA loan (10,000) (10,000) 0 0
Interest income (31) (556) (32) (123)
Interest expense (15,898) (63,657) (60,846) (100,287)
Total other expense 5,528 52,431 60,079 95,826
Net loss (852,249) (1,325,318) (140,768) (1,803,172)
Net loss attributable to non-controlling interest (33,651) (51,118) (31,580) (47,497)
Net loss attributable to Idaho Strategic Resources, Inc $ (818,598) $ (1,274,200) $ (109,188) $ (1,755,675)
Net loss per common share-basic and diluted $ (0.07) $ (0.11) $ (0.01) $ (0.18)
Weighted average common shares outstanding-basic and diluted 11,801,664 11,496,352 9,929,715 9,881,835