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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Sales of products $ 1,745,278 $ 2,098,849 $ 6,148,187 $ 5,865,708
Total revenue 1,745,278 2,098,849 6,148,187 5,865,708
Costs of Sales:        
Cost of sales and other direct production costs 1,728,214 1,603,785 5,345,409 4,701,626
Depreciation and amortization 245,824 217,054 717,939 595,227
Total costs of sales 1,974,038 1,820,839 6,063,348 5,296,853
Gross profit (loss) (228,760) 278,010 84,839 568,855
Other operating expenses:        
Exploration 747,217 267,644 1,530,122 1,193,520
Management 158,625 56,272 266,998 312,663
Professional services 85,429 39,974 301,446 206,056
General and administrative 603,274 101,430 1,078,563 751,272
Loss on disposal of equipment 64,739 0 68,641 0
Total other operating expenses 1,659,284 465,320 3,245,770 2,463,511
Other (income) expense:        
Operating loss (1,888,044) (187,310) (3,160,931) (1,894,656)
Other (income) expense:        
Equity income on investment in Buckskin (542) 0 (1,213) 0
Timber revenue net of costs 0 0 0 (4,338)
Gain on forgiveness of SBA loan 0 0 (10,000) 0
Interest income (322) (7) (878) (131)
Interest expense 22,244 50,368 85,902 150,656
Total other (income) expense 21,380 50,361 73,811 146,187
Net loss (1,909,424) (237,671) (3,234,742) (2,040,843)
Net loss attributable to non-controlling interest (15,005) (18,326) (66,123) (65,823)
Net loss attributable to Idaho Strategic Resources, Inc $ (1,894,419) $ (219,345) $ (3,168,619) $ (1,975,020)
Net loss per common share-basic and diluted $ (0.16) $ (0.02) $ (0.27) $ (0.20)
Weighted average common shares outstanding-basic and diluted 12,032,901 10,228,203 11,677,167 9,998,560