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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,286,999 $ 1,638,031
Gold sales receivable 1,038,867 909,997
Inventories 876,681 618,313
Joint venture receivable 2,080 1,926
Investment in equity security 5,649 0
Other current assets 236,837 192,025
Total current assets 4,447,113 3,360,292
Property, plant and equipment, net of accumulated depreciation 10,484,457 9,923,386
Mineral properties, net of accumulated amortization 7,648,061 6,527,561
Investment in Buckskin Gold and Silver 338,769 334,252
Investment in joint venture 435,000 435,000
Reclamation bonds 251,310 327,020
Deposits 285,079 76,110
Total assets 23,889,789 20,983,621
Current liabilities:    
Accounts payable and accrued expenses 484,221 579,541
Accrued payroll and related payroll expenses 266,670 179,149
Notes payable related parties, current portion 0 12,226
Notes payable, current portion 978,246 859,393
Total current liabilities 1,729,137 1,630,309
Asset retirement obligations 286,648 262,217
Notes payable related parties, long term 0 62,957
Notes payable, long term 1,338,406 1,315,068
Total long-term liabilities 1,625,054 1,640,242
Total liabilities 3,354,191 3,270,551
Commitments and Contingencies (Note 5 and 12) 0 0
Stockholders' equity:    
Preferred stock, no par value, 1,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, no par value, 200,000,000 shares authorized; 12,397,615 and 12,098,070 shares issued and outstanding, respectively 34,963,739 33,245,622
Accumulated deficit (17,210,638) (18,368,384)
Total Idaho Strategic Resources, Inc. stockholders' equity 17,753,101 14,877,238
Non-controlling interest 2,782,497 2,835,832
Total stockholders' equity 20,535,598 17,713,070
Total liabilities and stockholders' equity $ 23,889,789 $ 20,983,621