XML 83 R35.htm IDEA: XBRL DOCUMENT
v3.25.1

Note 13 - Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Fiscal Year Ended December 31, |  |  | Six Months Ended December 31, |  |  | Fiscal Year Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2023 |
Income tax benefit at statutory tax rate |  | $ | (8,016,170 | ) |  | $ | (8,560,924 | ) |  | $ | (8,345,673 | )
State tax benefit |  |  | (20,943 | ) |  |  | 1,159,273 |  |  |  | (3,225,218 | )
Return to provision |  |  | (1 | ) |  |  | (20,354 | ) |  |  | — |
Effect of rates different than statutory |  |  | (74,936 | ) |  |  | (19,957 | ) |  |  | — |
Permanent differences |  |  | 347,651 |  |  |  | (5,119 | ) |  |  | 19,916 |
Stock based compensation |  |  | — |  |  |  | — |  |  |  | (527,765 | )
Legal fees |  |  | — |  |  |  | — |  |  |  | 24,167 |
Convertible debt interest |  |  | 397,630 |  |  |  | 198,825 |  |  |  | 368,875 |
162(m) Limitation |  |  | — |  |  |  | — |  |  |  | 373,763 |
Other valuation allowance |  |  | 7,283,368 |  |  |  | 7,248,256 |  |  |  | 11,311,935 |
Income tax benefit |  | $ | (83,401 | ) |  | $ | — |  |  | $ | — |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The provision for income taxes for the periods indicated below are comprised of the following:
|  | Fiscal Year Ended December 31, |  |  | Six Months Ended December 31, |  |  | Fiscal Year Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2023 |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 3,690 |  |  | $ | — |  |  | $ | — |
State |  |  | 3,420 |  |  |  | — |  |  |  | — |
Total current income tax (benefit) / expense |  | $ | 7,110 |  |  | $ | — |  |  | $ | — |
Deferred: |  |  |  |  |  |  |  |  |
Federal |  | $ | (66,866 | ) |  | $ | — |  |  | $ | — |
State |  |  | (23,645 | ) |  |  | — |  |  |  | — |
Total deferred income tax (benefit) / expense |  | $ | (90,511 | ) |  | $ | — |  |  | $ | — |
Total income tax (benefit) / expense |  | $ | (83,401 | ) |  | $ | — |  |  | $ | — |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | The net deferred tax asset is comprised of the following:
|  | Fiscal Year Ended December 31, |  |  | Six Months Ended December 31, |  |  | Fiscal Year Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2023 |
Deferred tax asset: |  |  |  |  |  |  |  |  |
Investment in the Peak Gold JV |  | $ | 13,061,391 |  |  | $ | 15,587,054 |  |  | $ | 14,203,470 |
State deferred tax assets |  |  | 10,483,657 |  |  |  | 5,569,010 |  |  |  | 6,728,285 |
Stock option expenses |  |  | 1,209,422 |  |  |  | 1,374,914 |  |  |  | 1,106,783 |
Derivatives |  |  | 12,169,077 |  |  |  | 4,917,734 |  |  |  | — |
Net operating losses |  |  | 15,009,092 |  |  |  | 6,865,323 |  |  |  | 5,027,243 |
Valuation allowance |  |  | (52,239,634 | ) |  |  | (34,314,035 | ) |  |  | (27,065,781 | )
Net deferred tax asset / (liability) |  | $ | (306,995 | ) |  | $ | — |  |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration