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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue:    
Sales of products $ 3,341,596 $ 2,044,417
Total revenue 3,341,596 2,044,417
Costs of Sales:    
Cost of sales and other direct production costs 2,147,960 1,508,066
Depreciation and amortization 328,037 230,208
Total costs of sales 2,475,997 1,738,274
Gross profit 865,599 306,143
Other operating expenses:    
Exploration 273,442 396,124
Management 68,911 54,890
Professional services 240,805 79,983
General and administrative 263,298 201,312
Loss on sale of equipment 6,120 0
Total other operating expenses 852,576 732,309
Operating income (loss) 13,023 (426,166)
Other (income) expense: Equity income on investment in Buckskin (350) (331)
Timber revenue net of costs (20,724) 0
Unrealized gain on equity security (5) 0
Interest income (18,932) (526)
Interest expense 8,848 47,760
Total other (income) expense 31,163 46,903
Net income (loss) 44,186 (473,069)
Net loss attributable to non-controlling interest (16,413) (17,467)
Net income (loss) attributable to Idaho Strategic Resources, Inc $ 60,599 $ (455,602)
Net income (loss) per common share-basic $ 0.01 $ (0.04)
Weighted average common share outstanding-basic 12,200,857 11,187,648
Net income (loss) per common share-diluted $ 0.01 $ (0.04)
Weighted average common share outstanding-diluted 12,205,567 11,187,648