XML 122 R12.htm IDEA: XBRL DOCUMENT
v3.24.1

Notes Payable | 12 Months Ended
--- | ---
Dec. 31, 2023
Notes Payable |
Notes Payable | 6. Notes Payable At December 31, 2023 and 2022, notes payable are as follows:
|  | 2023 |  |  | 2022 |
Building in Salmon, Idaho, 60-month note payable, 7.00% interest rate payable monthly through June 2027, monthly payments of $2,500 with a balloon payment of $260,886 in July 2027 |  | $ | 297,230 |  |  | $ | 306,084 |
Resemin Muki Bolter, 36-month note payable, 7.00% interest rate payable monthly through January 2025, monthly payments of $14,821 |  |  | 186,557 |  |  |  | 345,268 |
Paus 2 yrd. LHD, 60-month note payable, 4.78% interest rate payable through October 2024, monthly payments of $5,181 |  |  | 50,672 |  |  |  | 108,904 |
Paus 2 yrd. LHD, 60-month note payable, 3.45% interest rate payable through July 2024, monthly payments of $4,847 |  |  | 33,541 |  |  |  | 89,493 |
Two CarryAll transports, 48-month note payable, 5.9% interest rate payable monthly through June 2027, monthly payments of $1,174 |  |  | 44,447 |  |  |  | - |
CarryAll transport, 36-month note payable, 4.5% interest rate payable monthly through June 2024, monthly payments of $627 |  |  | 3,713 |  |  |  | 10,891 |
CarryAll transport, 36-month note payable, 4.5% interest rate payable monthly through February 2024, monthly payments of $303 |  |  | 604 |  |  |  | 4,130 |
Two CarryAll transports, 36-month note payable, 6.3% interest rate payable monthly through May 2025, monthly payments of $1,515 |  |  | 24,591 |  |  |  | 40,687 |
CarryAll transport, 36-month note payable, 6.3% interest rate payable monthly through June 2025, monthly payments of $866 |  |  | 14,843 |  |  |  | 23,987 |
Atlas Copco loader, 60-month note payable, 10.5% interest rate payable monthly through June 2023, monthly payments of $3,550 |  |  | - |  |  |  | 20,660 |
Sandvik LH203 LHD, 36-month note payable, 4.5% interest rate payable monthly through May 2024, monthly payments of $10,352 |  |  | 51,182 |  |  |  | 170,182 |
Sandvik LH202 LHD, 36-month note payable, 6.9% interest rate payable monthly through August 2025, monthly payments of $4,933 |  |  | 92,948 |  |  |  | 143,812 |
Doosan Compressor, 36-month note payable, 6.99% interest rate payable monthly through July 2024, monthly payments of $602 |  |  | 4,126 |  |  |  | 10,820 |
Caterpillar 306 excavator, 48-month note payable, 4.6% interest rate payable monthly through November 2024, monthly payments of $1,512 |  |  | 16,251 |  |  |  | 33,216 |
Caterpillar 938 loader, 60-month note payable, 6.8% interest rate payable monthly through August 2023, monthly payments of $3,751 |  |  | - |  |  |  | 29,256 |
Caterpillar R1600 LHD, 48-month note payable, 4.5% interest rate payable through January 2025, monthly payments of $17,125 |  |  | 216,880 |  |  |  | 407,909 |
Caterpillar AD22 haul truck, 48-month note payable, 6.45% interest rate payable monthly through June 2023, monthly payments of $12,979 |  |  | - |  |  |  | 76,287 |
Caterpillar AD30 haul truck, 40-month note payable, 8.01% interest rate payable monthly through October 2026, monthly payments of $29,656 |  |  | 899,417 |  |  |  | - |
Caterpillar 259D3 skid steer, 36-month note payable, 8.50% interest rate payable monthly through December 2026, monthly payments of $1,836 |  |  | 58,156 |  |  |  | - |
SBA Economic Injury Disaster Loan (“EIDL”) 30 year note payable, 3.75% interest payable monthly through December 2054, monthly payments of $731 |  |  | 160,123 |  |  |  | 163,287 |
2022 Dodge Ram, 75-month note payable, 5.99% interest rate payable monthly through June 2028, monthly payments of $1,152 |  |  | 54,418 |  |  |  | 64,648 |
2016 Dodge Ram, 75-month note payable, 5.99% interest rate payable monthly through June 2028, monthly payments of $1,190 |  |  | 56,194 |  |  |  | 66,758 |
2020 Ford Transit Van, 72-month note payable, 9.24% interest rate payable monthly through December 2028, monthly payments of $1,060 |  |  | 50,759 |  |  |  | 58,182 |
Total notes payable |  |  | 2,316,652 |  |  |  | 2,174,461 |
Due within one year |  |  | 978,246 |  |  |  | 859,393 |
Due after one year |  | $ | 1,338,406 |  |  | $ | 1,315,068 |
All notes except the SBA EIDL loan are collateralized by the property or equipment purchased in connection with each note. Future principal payments of notes payable at December 31, 2023 are as follows:
2024 |  | $ | 978,246 |
2025 |  |  | 480,977 |
2026 |  |  | 369,154 |
2027 |  |  | 314,161 |
2028 |  |  | 29,183 |
2029 |  |  | 3,395 |
thereafter |  |  | 141,536 |
Total |  | $ | 2,316,652 |

X
- References No definition available. + Details
Name: | njmc_NotesPayableDisclosureTextBlock
Namespace Prefix: | njmc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_NotesPayableAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration