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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Consolidated Balance Sheets    
Revenue-gold sales $ 13,656,733 $ 9,580,189
Cost of sales:    
Cost of sales and other direct production costs 8,224,994 7,042,185
Depreciation and amortization 1,466,703 984,083
Total cost of sales 9,691,697 8,026,268
Gross profit 3,965,036 1,553,921
Other operating expenses:    
Exploration 1,523,221 2,110,137
(Gain) loss on disposal of equipment (13,026) 68,641
Management 255,579 322,775
Professional services 556,766 375,002
General and administrative 630,126 1,229,603
Total other operating expenses 2,952,666 4,106,158
Income (loss) from operations 1,012,370 (2,552,237)
Other (income) expense:    
Gain on forgiveness of SBA loan 0 (10,000)
Equity income on investment in Buckskin Gold and Silver, Inc. (4,517) (1,524)
Loss on investment in equity securities 5,451 0
Timber revenue 20,724 0
Interest income 85,491 12,453
Interest expense 44,202 102,832
Total other (income) expense (61,079) 78,855
Net income (loss) 1,073,449 (2,631,092)
Net loss attributable to non-controlling interest (84,297) (95,663)
Net income (loss) attributable to Idaho Strategic Resources, Inc. $ 1,157,746 $ (2,535,429)
Net income (loss) per common share-basic $ 0.09 $ (0.22)
Weighted average common shares outstanding-basic 12,254,539 11,783,258
Net income (loss) per common share-diluted $ 0.09 $ (0.22)
Weighted average common shares outstanding-diluted 12,260,539 11,783,258