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Note 3 - Investments | 3 Months Ended
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Mar. 31, 2026
Notes to Financial Statements |
Investment in Debt and Equity Securities and Other Trading Assets [Text Block] | NOTE 3 INVESTMENTS At March 31, 2026 and December 31, 2025, our investments include:
|  | March 31, 2026 |  |  | December 31, 2025 |
Equity Method Investments: |  | Investment |  |  | Ownership % |  |  | Investment |  |  | Ownership % |
Investment in research and development company |  | $ | 1,055,371 |  |  |  | 40.00 | % |  | $ | 1,079,371 |  |  |  | 40.00 | %
Sierra Springs Opportunity Fund, Inc. |  |  | 37,147,156 |  |  |  | 40.66 | % |  |  | 20,225,000 |  |  |  | 16.99 | %
Total equity method investments |  |  | 38,202,527 |  |  |  |  |  |  |  | 21,304,371 |  |  |  |  |
Measurement Alternative Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Green Li-ion Pte. Ltd. |  |  | 18,201,065 |  |  |  | 13.34 | % |  |  | 18,201,065 |  |  |  | 13.34 | %
Total measurement alternative investments |  |  | 18,201,065 |  |  |  |  |  |  |  | 18,201,065 |  |  |  |  |
Total Investments |  | $ | 56,403,592 |  |  |  |  |  |  | $ | 39,505,436 |  |  |  |  |
Summary financial information for affiliated companies accounted for by the equity method for the periods presented, compiled from the equity investee's financial statements and reported on a one quarter lag is as follows:
|  | Three-Months Ended |
|  | March 31, 2026 |  |  | March 31, 2025 |
Revenues |  | $ | 121,910 |  |  | $ | 350,700 |
Gross Profit |  | $ | 106,823 |  |  | $ | - |
Net income (loss) |  | $ | (620,364 | ) |  | $ | 103,595 |
Net income (loss) attributable to Comstock Inc. |  | $ | (251,844 | ) |  | $ | 41,438 |
Investment in Research and Development Company On March 1, 2024, the Company entered into a Securities Purchase Agreement (the “Developer Securities Purchase Agreement”) with an unaffiliated research and development company (“Developer”) and recognized an initial investment of $1,290,614. Concurrently and in connection with entering into the Developer Securities Purchase Agreement, the Company and Developer entered into a Development Services Agreement (“DSA”) for purposes of conducting certain research and development work (see Note 9). At March 31, 2026, the future remaining payments, net implied interest, totaled $1,284,022 (see Note 7). For the three-months ended March 31, 2026, the Company recorded $24,000 in equity loss from affiliates for our investment in the Developer. For the three-months ended March 31, 2025, the Company recognized $41,438 in equity income from affiliates for our investment in the Developer. During the three-months ended March 31, 2026 and 2025, the Company paid $0 to the Developer in accordance with the funding commitments under the Developer Securities Purchase Agreement. Investment in Sierra Springs Opportunity Fund Inc. (“SSOF”) From 2019 through December 31, 2025, the Company invested $8,500,000 for 11,236,111 shares in SSOF resulting in equity ownership of 16.99% as of December 31, 2025. The December 31, 2025 carrying value of the Company's investment in SSOF reflects an observable transaction adjustment recorded by the Company in 2023. For the three-months ended March 31, 2026, the Company recognized $227,844 in equity loss from affiliates for our investment in SSOF. At December 31, 2025, the Company had an advance to SSOF of $9,400,000. During the three-months ended March 31, 2026, the Company advanced an additional $5,750,000. On March 26, 2026, all advances, totaling $15,150,000 were contributed in exchange for 23,307,692 shares of SSOF common stock at $0.65 per share. On March 30, 2026, the Company subscribed to and invested an additional $2,000,000 for 3,076,923 additional shares of SSOF common stock, also at $0.65 per share. These investments increased the Company's ownership to 40.66%. At March 31, 2026 and December 31, 2025, the Company owns 37,620,726 and 11,236,111, respectively, in SSOF shares of common stock, representing an ownership of 40.66% and 16.99%, respectively. In connection with the change in ownership, management reassessed its prior conclusions regarding the Company's variable interest in SSOF. SSOF continues to be a variable interest entity in which the Company holds a variable interest, and the Company continues to conclude that it is not the primary beneficiary of SSOF, because the Company does not have the power, individually or together with its related parties, to direct the activities of SSOF that most significantly affect SSOF's economic performance. Although the Company's chief executive officer also serves as an executive of SSOF, this relationship was previously evaluated and was a factor in the prior conclusion, which remains unchanged. Accordingly, SSOF is not consolidated, and the Company accounts for its investment in SSOF under the equity method. At March 31, 2026, the Company's maximum exposure to loss as a result of its involvement with SSOF is limited to its investment of $ 37,147,156. Investment in Green Li-ion Pte. LTD ( “ Green Li-ion ” ) At March 31, 2026 and December 31, 2025, the Company owned 35,662 Green Li-ion preferred shares and our ownership remained at 13.34%. The Company monitors additional equity issuances and other potential orderly transactions of Green Li-ion to assess whether the equity securities issued are similar investments requiring adjustments of our investments carrying value to fair value. During the three-months ended March 31, 2026 and 2025, no adjustments were made to the carrying value of our investment in Green Li-ion as no orderly transactions for investments similar to the Company's investment were observed during those periods.

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