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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 8,392,556 $ 2,286,999
Investments in debt securities 3,198,452 0
Gold sales receivable 1,054,051 1,038,867
Government grant receivable 418,000 0
Inventories 971,507 876,681
Joint venture receivable 855 2,080
Investment in equity securities 0 5,649
Other current assets 405,267 236,837
Total current assets 14,440,688 4,447,113
Property, plant and equipment, net of accumulated depreciation 11,565,402 10,233,640
Mineral properties, net of accumulated amortization 10,013,290 7,898,878
Investment in Buckskin Gold and Silver, Inc 340,348 338,769
Investment in joint venture 435,000 435,000
Investments in debt securities, non-current 2,940,780 0
Reclamation bond 249,110 251,310
Deposits 842,743 285,079
Total assets 40,827,361 23,889,789
Current liabilities:    
Accounts payable and accrued expenses 1,366,345 484,221
Accrued payroll and related payroll expenses 445,848 266,670
Notes payable, current portion 802,312 978,246
Total current liabilities 2,614,505 1,729,137
Asset retirement obligations 300,602 286,648
Notes payable, long term 2,117,715 1,338,406
Total long-term liabilities 2,418,317 1,625,054
Total liabilities 5,032,822 3,354,191
Commitments Notes 5 and 9 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; September 30, 2024-13,462,705 and December 31, 2023- 12,397,615 shares issued and outstanding 43,929,336 34,963,739
Accumulated deficit 10,877,376 17,210,638
Total Idaho Strategic Resources, Inc stockholders' equity 33,051,960 17,753,101
Non-controlling interest 2,742,579 2,782,497
Total stockholders' equity 35,794,539 20,535,598
Total liabilities and stockholders' equity $ 40,827,361 $ 23,889,789