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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Consolidated Balance Sheets    
Revenue-gold sales $ 9,580,189 $ 7,630,416
Cost of sales:    
Cost of sales and other direct production costs 7,042,185 6,328,117
Depreciation and amortization 984,083 814,422
Total cost of sales 8,026,268 7,142,539
Gross profit 1,553,921 487,877
Other operating expenses:    
Exploration 2,110,137 1,417,605
Loss on write-off of equipment 68,641 0
Management 322,775 518,011
Professional services 375,002 293,402
General and administrative 1,229,603 1,319,145
Total other operating expenses 4,106,158 3,548,163
Loss from operations (2,552,237) (3,060,286)
Other (income) expense:    
Gain on forgiveness of SBA loan (10,000) 0
Equity income on investment in Buckskin (1,524) (3,782)
Timber revenue 0 (4,338)
Interest income (12,453) (146)
Interest expense 102,832 208,341
Total other expense 78,855 200,075
Net loss (2,631,092) (3,260,361)
Net loss attributable to non-controlling interest (95,663) (100,192)
Net loss attributable to Idaho Strategic Resources, Inc. $ (2,535,429) $ (3,160,169)
Net loss per common share-basic and diluted $ (0.22) $ (0.31)
Weighted average common shares outstanding-basic and diluted 11,783,258 10,192,465