XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
CASH FLOW FROM OPERATING ACTIVITIES      
Net loss $ (5,681,742) $ (6,547,023)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 120,097 264,257  
Amortization of finance leases 10,493 0  
Amortization on discount associated with finance leases 195,712 0  
Amortization of debt discount and other debt-related items 252,370 42,812  
Amortization of intangibles 500,451 580,274  
Accretion (reduction) of reclamation liability 92,086 82,316  
Gain on sale of property (178,193) 0  
Loss on conversion of debt 270,456 0  
Employee and director share based compensation 126,288 108,599  
Change in fair value of derivative instruments (698,595) (3,065,000)  
Loss on change in fair value of equity securities 0 55,769  
Loss on sale of equity securities 0 (407,393)  
Share of net loss of equity-method investments 465,165 266,903  
Change in fair value of Tonogold Resources, Inc. note receivable 0 605,000  
Impairment of LPB investment 0 54,587  
Changes in operating assets and liabilities:      
Prepaid expenses (130,029) (139,979)  
Deposits - asset 289,485 58,848  
Other assets 100,948 33,451  
Accounts payable (123,119) (327,140)  
Accrued expenses, other liabilities and deposits 450,961 80,272  
Deposits - liability 100,000 0  
Net cash provided by (used in) operating activities (3,849,406) (3,861,238)  
CASH FLOW FROM INVESTING ACTIVITIES:      
Acquisition of intangible 0 (500,000)  
Proceeds from repayment by Sierra Springs Opportunity Fund, Inc. 0 1,300,000  
Proceeds from Tonogold option agreement 0 750,000  
Additions to construction in progress 0 (95,214)  
Proceeds from sale of equity securities 0 169,701  
Purchase of mineral and water rights and property, plant and equipment (788,059) (553,200)  
Other (19,447) 2,438  
Net cash provided by (used in) investing activities 7,867,494 (226,275)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from the issuance of common stock 2,150,000 0  
Proceeds from sale of treasury stock 0 2,721  
Payments on finance leases (326,984) (8,389)  
Capital contributed to LINICO from AQMS 0 500,000  
Common stock issuance costs (257,620) (70,000)  
Net cash provided by financing activities 1,565,396 424,332  
Net increase (decrease) in cash and cash equivalents 5,583,484 (3,663,181)  
Cash and cash equivalents at beginning of period 2,521,772 5,912,188 $ 5,912,188
Cash and cash equivalents at end of period 8,105,256 2,249,007 $ 2,521,772
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Issuance of common shares for debt conversion and accrued interest 1,662,723 0  
Issuance of common shares for Leviston due diligence and commitment fees 350,000 0  
Common stock received in the rescission of the LPB transaction 0 5,110,000  
M C U Philippines Inc      
Adjustments to reconcile net loss to net cash used in operating activities:      
Accretion of discount on notes receivable 0 (30,093)  
Impairment of note receivable and investments 0 1,966,969  
Daney Ranch      
Adjustments to reconcile net loss to net cash used in operating activities:      
Accretion of discount on notes receivable (12,240) 0  
MCU Philippines, Inc And Mercury Clean Up LLC      
Adjustments to reconcile net loss to net cash used in operating activities:      
Impairment of note receivable and investments 0 2,117,299  
FLUX Photon Corporation      
Adjustments to reconcile net loss to net cash used in operating activities:      
Impairment of note receivable and investments 0 338,034  
Quantum Generative Materials LLC      
CASH FLOW FROM INVESTING ACTIVITIES:      
Payments on contractual commitments associated with derivatives (1,775,000) 0  
Sierra Springs Opportunity Fund, Inc., at cost      
CASH FLOW FROM INVESTING ACTIVITIES:      
Advances to Sierra Springs Opportunity Fund, Inc. (550,000) (1,300,000)  
Proceeds from repayment by Sierra Springs Opportunity Fund, Inc. 550,000    
Solid Carbon Products      
CASH FLOW FROM INVESTING ACTIVITIES:      
Proceeds from sale of AQMS lease and related assets 11,000,000 0  
Comstock Mining LLC      
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Tonogold note receivable exchanged for option $ 0 $ (6,650,000)