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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 2,255,688 $ 1,976,518
Gold sales receivable 428,755 408,187
Inventories 607,922 213,722
Joint venture receivable 1,682 4,442
Other current assets 255,875 334,443
Total current assets 3,549,922 2,937,312
Property, plant and equipment, net of accumulated depreciation 9,722,205 8,255,961
Mineral properties, net of accumulated amortization 6,354,304 5,843,186
Investment in Buckskin 333,941 332,728
Investment in joint venture 435,000 435,000
Reclamation bond 326,120 103,320
Deposits 76,110 11,694
Total assets 20,797,602 17,919,201
Current liabilities:    
Accounts payable and accrued expenses 812,704 647,218
Accrued payroll and related payroll expenses 199,237 174,110
Notes payable related parties, current portion 11,799 10,543
Notes payable, current portion 897,509 664,153
Small Business Administration loan, current portion 2,465 2,469
Total current liabilities 1,923,714 1,498,493
Asset retirement obligation 258,378 172,348
Notes payable related parties, long term 73,896 106,068
Convertible debt 0 1,950,000
Notes payable, long term 1,288,126 961,748
Small Business Administration loan, long term 160,850 166,742
Total long-term liabilities 1,781,250 3,356,906
Total liabilities 3,704,964 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; September 30, 2022-12,098,070 and December 31, 2021- 10,940,969 shares issued and outstanding 33,245,622 26,004,756
Accumulated deficit (19,001,574) (15,832,955)
Total Idaho Strategic Resources, Inc stockholders' equity 14,244,048 10,171,801
Non-controlling interest 2,848,590 2,892,001
Total stockholders' equity 17,092,638 13,063,802
Total liabilities and stockholders' equity $ 20,797,602 $ 17,919,201