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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 743,991 $ (3,234,742)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:    
Depreciation and amortization 1,034,521 717,939
Loss (gain) on disposal of equipment (224) 68,641
Accretion of asset retirement obligation 11,874 11,342
Stock based compensation 0 547,275
Issuance of common stock for services 0 32,326
Gain on forgiveness of SBA loan 0 (10,000)
Loss on investment in equity securities 4,423 0
Equity income on investment in Buckskin (2,965) (1,213)
Change in operating assets and liabilities:    
Gold sales receivable (217,607) (20,568)
Inventories (83,180) (394,200)
Joint venture receivable 289 2,760
Other current assets (141,434) 78,568
Accounts payable and accrued expenses (81,167) 169,590
Accrued payroll and related payroll expenses 74,547 25,127
Net cash provided (used) by operating activities 1,343,068 (2,007,155)
Cash flows from investing activities:    
Purchases of property, plant, and equipment (467,655) (1,145,186)
Deposits on equipment (25,000) (31,584)
Proceeds from sale of equipment 8,500 0
Purchase of reclamation bonds 0 (222,800)
Refund of reclamation bonds 75,710 0
Additions to mineral property (645,962) (451,012)
Purchase of equity securities (11,100) 0
Net cash used by investing activities (1,065,507) (1,787,414)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of issuance cost 878,503 3,681,107
Proceeds from exercise of common stock warrants 0 1,030,158
Principal payments on notes payable (766,714) (629,322)
Principal payments on notes payable, related parties (75,183) (30,916)
Contributions from non-controlling interest 19,647 22,712
Net cash provided by financing activities 56,253 4,073,739
Net change in cash and cash equivalents 333,814 279,170
Cash and cash equivalents, beginning of period 1,638,031 1,976,518
Cash and cash equivalents, end of period 1,971,845 2,255,688
Non-cash investing and financing activities:    
Deposit on equipment applied to purchase 76,110 96,000
Notes payable for equipment and land purchase 1,110,737 1,189,056
Conversion of convertible debt to common stock $ 0 $ 1,950,000