XML 27 R14.htm IDEA: XBRL DOCUMENT
v3.26.1

Note 8 - Leases | 3 Months Ended
--- | ---
Mar. 31, 2026
Notes to Financial Statements |
Finance and Operating Leases [Text Block] | NOTE 8 LEASES The Company has the following lease expense recognized in the condensed consolidated statements of operations as follows:
|  | Three-Months Ended |
|  | March 31, 2026 |  |  | March 31, 2025 |
Finance lease expense: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 12,937 |  |  | $ | 12,811 |
Interest on lease liabilities |  |  | 629 |  |  |  | — |
Operating lease expense |  |  | 828,541 |  |  |  | 297,748 |
Total lease expense |  | $ | 842,107 |  |  | $ | 310,559 |
Other information: |  |  |  |  |  |  |  |
Operating cash flows used in operating leases |  | $ | 545,571 |  |  | $ | 161,232 |
Short-term operating lease expense |  | $ | 15,824 |  |  | $ | 29,594 |
The Company has the following weighted average remaining lease terms and discount rates for our finance and operating leases:
|  | March 31, 2026 |  |  | March 31, 2025 |
Weighted-average remaining lease term - finance leases (years) |  |  | 4.50 |  |  |  | — |
Weighted-average remaining lease term - operating leases (years) |  |  | 22.98 |  |  |  | 10.34 |
Weighted-average discount rate - finance leases |  |  | 39.6 | % |  |  | — | %
Weighted-average discount rate - operating leases |  |  | 13.3 | % |  |  | 13.5 | %
Finance Lease Navitas On March 11, 2026, the Company, as lessee, signed an Equipment Lease Agreement (the “Equipment Lease Agreement”) with lessor to lease security system equipment located at 600 Lake Avenue, Silver Springs, NV. The Equipment Lease Agreement is under a fifty-five month term commencing on March 15, 2026 at $756 per month. At lease inception, the Equipment Lease Agreement was classified as a finance lease with a lease term of fifty-five months, which exceeds 75% of the useful life of the equipment. On March 15, 2026, the Company recorded a right-of-use asset and lease liability of $19,053 at an implicit discount rate of 39.63%. For the three months ended March 31, 2026, the amortization of right-of-use asset and interest expense was $756. Operating Leases Comstock Metals On December 10, 2025, the Company, as lessee, signed a Lease Agreement (the “Industrial and Commercial Lease”) with the lessor to lease land and premises located at 10210 Idaho Ave, Hanford, CA. Under the Industrial and Commercial Lease, rent payments of $17,500 per month will begin when all necessary and required permits are secured. In February 2026 all required permits were secured which resulted in an increase in the right-of-use asset and lease liability of $19,449. For the three months ended March 31, 2026, the fixed operating lease expense was $57,021. On January 1, 2026, the Company, as lessee, signed a Lease Agreement (the “Lease Agreement”) with lessor to lease land and premises located at 60901 Beech Grove Lane, Cambridge, OH. The Lease Agreement is under a five-year term commencing on January 1, 2026, or upon receipt of all required permits, and includes an option to extend the term for an additional 60 months with rental expense of $12,500 per month. Lease payments under the Lease Agreement do not begin until all permits are received, which occurred in March 2026. At lease inception, the Lease Agreement was classified as an operating lease with a lease term of five years. At January 1, 2026, the Company recorded a right-of-use asset and lease liability of $523,890 at an implicit discount rate of 14.08%. For the three months ended March 31, 2026, the fixed operating lease expense was $36,290. On March 1, 2026, the Company assumed an existing lease with Ren Fuel K2B Snowco AB, as lessee, for hydrotreating equipment with lessor. The Lease Agreement (the “Hydrotreating Equipment Lease”) had an original lease term of five years commencing on June 2, 2024. Under the lease, rental expense is $6,178 per month. The lease automatically renews at the end of the five-year period, unless notice of cancellation is given three months prior to the end of the original term. The Company currently does not believe an extension beyond the original term is probable. At lease inception, the Hydrotreating Equipment Lease was classified as an operating lease with a remaining lease term of 3.3 years. The interest rate explicit in the lease is the 90-day Stockholm Interbank Offering Rate (STIBOR). At March 1, 2026, the Company recorded a right-of-use asset and lease liability of $238,379 at a discount rate of 2.12%. For the three months ended March 31, 2026, the fixed operating lease expenses were $6,178. Sierra Clean Processing LLC (“SCP”) On August 15, 2023, the Company, as lessee, signed a Real Estate and Building Lease Agreement with SCP to lease real property and improvements located at 700 Lake Avenue in Silver Springs, Nevada. For the three-months ended March 31, 2026 and 2025, the fixed operating lease expense was $14,908. On July 1, 2024, the Company, as lessee, signed a Real Estate and Building Lease Agreement (the “SCP Real Estate and Building Lease”) with SCP to lease real property and improvements located at 600 Lake Avenue in Silver Springs, Nevada. Under the SCP Real Estate and Building Lease, rent payments were $30,000 per month until all necessary and required permits were secured. In February 2026 all required permits were secured which resulted in a decrease in the right-of-use asset and lease liability of $73,792. For the three-months ended March 31, 2026 and 2025, the fixed operating lease expense was $215,254 and $217,875, respectively. On November 1, 2025, the Company, as lessee, signed a Lease Agreement (the “SCP Storage Lease”) with SCP to lease land and premises located at 800 Lake Avenue in Silver Springs, Nevada. Under the SCP Storage Lease, rent payments of $5,000 per month will begin when all necessary and required permits are secured which occurred during the quarter ended March 31, 2026, and resulted in a decrease in the right-of-use asset and lease liability of $28,116. For the three months ended March 31, 2026, the fixed operating lease expense was $14,212. The Company's chief executive officer is an executive and director of SCP. Minimum lease payments to be paid by the Company by fiscal year for the Company's operating leases are as follows:
|  |  | Operating Leases |  |  | Finance Leases |
For the remainder of 2026 |  |  | $ | 2,292,761 |  |  | $ | 6,802 |
2027 |  |  |  | 3,402,293 |  |  |  | 9,069 |
2028 |  |  |  | 3,343,160 |  |  |  | 9,069 |
2029 |  |  |  | 3,291,745 |  |  |  | 9,069 |
2030 |  |  |  | 3,203,672 |  |  |  | 6,802 |
Thereafter |  |  |  | 38,940,853 |  |  |  | — |
Total lease payments |  |  |  | 54,474,484 |  |  |  | 40,811 |
Less: imputed interest |  |  |  | (35,033,251 | ) |  |  | (21,884 | )
Present value of lease liabilities |  |  | $ | 19,441,233 |  |  | $ | 18,927 |

X
- Definition The entire disclosure of finance and operating leases. + References No definition available. + Details
Name: | lode_FinanceAndOperatingLeasesTextBlock
Namespace Prefix: | lode_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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