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Condensed Consolidated Statements ofIncome statement (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Sales of products $ 3,236,515 $ 2,358,492 $ 6,578,111 $ 4,402,909
Total revenue 3,236,515 2,358,492 6,578,111 4,402,909
Costs of Sales:        
Cost of sales and other direct production costs 2,099,890 2,109,129 4,247,850 3,617,195
Depreciation and amortization 343,042 241,906 671,079 472,115
Total costs of sales 2,442,932 2,351,035 4,918,929 4,089,310
Gross profit 793,583 7,457 1,659,182 313,599
Other operating expenses:        
Exploration 207,369 386,781 480,811 782,905
Management 55,568 53,484 124,479 108,373
Professional services 123,238 136,035 364,043 216,018
General and administrative 123,765 273,977 387,063 475,289
(Gain) loss on disposal of equipment (6,344) 3,901 (224) 3,901
Total other operating expenses 503,596 854,178 1,356,172 1,586,486
Operating income (loss) 289,987 (846,721) 303,010 (1,272,887)
Other (income) expense:        
Equity income on investment in Buckskin (1,007) (339) (1,357) (670)
Timber revenue net of costs 0 0 (20,724) 0
Gain on forgiveness of SBA loan 0 (10,000) 0 (10,000)
Loss on investment in equity securities 2,880 0 2,880 0
Interest income (18,756) (31) (37,693) (556)
Interest expense 11,048 15,898 19,896 63,657
Total other (income) expense (5,835) (5,528) (36,998) (52,431)
Net income (loss) 295,822 (852,249) 340,008 (1,325,318)
Net loss attributable to non-controlling interest (31,971) (33,651) (48,384) (51,118)
Net income (loss) attributable to Idaho Strategic Resources, Inc. $ 327,793 $ (818,598) $ 388,392 $ (1,274,200)
Net income (loss) per common share-basic $ 0.03 $ (0.07) $ 0.03 $ (0.11)
Weighted average common share outstanding-basic 12,256,523 11,801,664 12,228,844 11,496,352
Net income (loss) per common share-diluted $ 0.03 $ (0.07) $ 0.03 $ (0.11)
Weighted average common shares outstanding- diluted 12,259,438 11,801,664 12,232,638 11,496,352