XML 117 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,106,901 $ 2,286,999
Investment in US treasury notes 7,775,193 0
Gold sales receivable 1,578,694 1,038,867
Inventories 899,924 876,681
Joint venture receivable 2,892 2,080
Investment in equity security 0 5,649
Other current assets 378,469 236,837
Total current assets 11,742,073 4,447,113
Property, plant and equipment, net of accumulated depreciation 12,904,065 10,233,640
Mineral properties, net of accumulated amortization 10,573,349 7,898,878
Investment in Buckskin Gold and Silver, Inc. 341,436 338,769
Investment in joint venture 435,000 435,000
Investment in US treasury notes, non-current 7,208,930 0
Reclamation bonds 249,110 251,310
Deposits 567,667 285,079
Total assets 44,021,630 23,889,789
Current liabilities:    
Accounts payable and accrued expenses 1,006,078 484,221
Accrued payroll and related payroll expenses 564,090 266,670
Notes payable, current portion 709,381 978,246
Total current liabilities 2,279,549 1,729,137
Asset retirement obligations 305,409 286,648
Notes payable, long term 1,023,358 1,338,406
Total long term liabilities 1,328,767 1,625,054
Total liabilities 3,608,316 3,354,191
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; 13,665,058 and 12,397,615 shares issued and outstanding, respectively 46,059,318 34,963,739
Accumulated deficit (8,373,953) (17,210,638)
Total Idaho Strategic Resources, Inc. stockholders' equity 37,685,365 17,753,101
Non-controlling interest 2,727,949 2,782,497
Total stockholders' equity 40,413,314 20,535,598
Total liabilities and stockholders' equity $ 44,021,630 $ 23,889,789