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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue:    
Sales of products $ 5,898,938 $ 3,341,596
Total revenue 5,898,938 3,341,596
Costs of Sales:    
Cost of sales and other direct production costs 2,558,913 2,147,960
Depreciation and amortization 501,788 328,037
Total costs of sales 3,060,701 2,475,997
Gross profit 2,838,237 865,599
Other operating expenses:    
Exploration 267,848 273,442
Management 109,100 68,911
Professional services 154,244 240,805
General and administrative 160,663 263,298
Loss on disposal of equipment 4,409 6,120
Total other operating expenses 696,264 852,576
Operating income 2,141,973 13,023
Other (income) expense:    
Equity income on investment in Buckskin Gold and Silver, Inc (1,867) (350)
Timber revenue net of costs (13,357) (20,724)
(Gain) loss on investment in equity securities 453 (5)
Interest income (19,635) (18,932)
Interest expense 20,565 8,848
Total other (income) expense (13,841) (31,163)
Net income 2,155,814 44,186
Net loss attributable to non-controlling interest (15,295) (16,413)
Net income attributable to Idaho Strategic Resources, Inc $ 2,171,109 $ 60,599
Net income per common share-basic $ 0.17 $ 0.01
Weighted average common share outstanding-basic 12,513,374 12,200,857
Net income per common share-diluted $ 0.17 $ 0.01
Weighted average common shares outstanding-diluted 12,673,172 12,205,567