10-Q Filing

Idaho Strategic Resources, Inc. CIK: 1030192 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001052918-15-000248`
Period End Date	20150331
Filing Date	20150515
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	njmc-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 38 Cash Flow Statement 44

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$336.52K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$636.13K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.35K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$733.09K	USD	Point-in-time
Joint venture receivables	`DueFromJointVenturesCurrent`	$58.73K	USD	Point-in-time
Joint venture receivables	`DueFromJointVenturesCurrent`	$55.02K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Note receivable	`NotesAndLoansReceivableNetCurrent`	$58.39K	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetCurrent`	$58.39K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Milling receivables	`OtherReceivablesNetCurrent`	$117.61K	USD	Point-in-time
Milling receivables	`OtherReceivablesNetCurrent`	$227.50K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	91.76M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	91.76M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$19.70K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$22.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$590.04K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$391.66K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	91.76M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	91.76M	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$5.65M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$5.61M	USD	Point-in-time
Mineral properties, net of accumulated amortization	`MineralPropertiesNet`	$557.46K	USD	Point-in-time
Mineral properties, net of accumulated amortization	`MineralPropertiesNet`	$557.46K	USD	Point-in-time
Deposit on equipment	`DepositAssets`	$51.00K	USD	Point-in-time
Deposit on equipment	`DepositAssets`	$12.48K	USD	Point-in-time
Total assets	`Assets`	$6.61M	USD	Point-in-time
Total assets	`Assets`	$6.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$77.91K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$135.37K	USD	Point-in-time
Accrued payroll and related payroll expenses	`AccruedSalariesCurrent`	$42.63K	USD	Point-in-time
Accrued payroll and related payroll expenses	`AccruedSalariesCurrent`	$49.96K	USD	Point-in-time
Interest payable on note	`InterestPayableCurrent`	$6.42K	USD	Point-in-time
Note payable related party, short term	`NotesPayableRelatedPartiesClassifiedCurrent`	$40.58K	USD	Point-in-time
Note payable related party, short term	`NotesPayableRelatedPartiesClassifiedCurrent`	$39.38K	USD	Point-in-time
Milling advance	`CustomerAdvancesCurrent`	$200.00K	USD	Point-in-time
Milling advance	`CustomerAdvancesCurrent`	$200.00K	USD	Point-in-time
Notes payable, short term	`NotesPayableCurrent`	$180.47K	USD	Point-in-time
Notes payable, short term	`NotesPayableCurrent`	$180.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$605.47K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$547.64K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligation`	$24.69K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligation`	$23.37K	USD	Point-in-time
Note payable related party, long term	`NotesPayableRelatedPartiesNoncurrent`	$130.43K	USD	Point-in-time
Note payable related party, long term	`NotesPayableRelatedPartiesNoncurrent`	$141.03K	USD	Point-in-time
Notes payable, long term	`LongTermNotesPayable`	$146.89K	USD	Point-in-time
Notes payable, long term	`LongTermNotesPayable`	$148.29K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$302.00K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$312.69K	USD	Point-in-time
Total liabilities	`Liabilities`	$860.33K	USD	Point-in-time
Total liabilities	`Liabilities`	$907.48K	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, no par value, 1,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par value, 1,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, no par value, 200,000,000 shares authorized; 2015 and 2014-91,760,148 shares issued and outstanding	`CommonStockValue`	$13.44M	USD	Point-in-time
Common stock, no par value, 200,000,000 shares authorized; 2015 and 2014-91,760,148 shares issued and outstanding	`CommonStockValue`	$13.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.74M	USD	Point-in-time
Total New Jersey Mining Company stockholders' equity	`StockholdersEquity`	$2.47M	USD	Point-in-time
Total New Jersey Mining Company stockholders' equity	`StockholdersEquity`	$2.71M	USD	Point-in-time
Non-controlling interest in New Jersey Mill Joint Venture and GF and H Company	`NonredeemableNoncontrollingInterest`	$3.24M	USD	Point-in-time
Non-controlling interest in New Jersey Mill Joint Venture and GF and H Company	`NonredeemableNoncontrollingInterest`	$3.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.61M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.81M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Joint venture management fee income	`ManagementFeesRevenue`	$76.00	USD	1 Quarter
Milling income	`ContractMillingIncome`	$391.12K	USD	1 Quarter
Total revenue	`Revenues`	$391.12K	USD	1 Quarter
Total revenue	`Revenues`	$76.00	USD	1 Quarter
Milling	`ProductionCosts`	$13.20K	USD	1 Quarter
Milling	`ProductionCosts`	$338.77K	USD	1 Quarter
Exploration	`ExplorationExpenseMining`	$47.06K	USD	1 Quarter
Exploration	`ExplorationExpenseMining`	$84.57K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$14.53K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$48.92K	USD	1 Quarter
Management	`LaborAndRelatedExpense`	$56.54K	USD	1 Quarter
Management	`LaborAndRelatedExpense`	$22.76K	USD	1 Quarter
Professional services	`ProfessionalAndContractServicesExpense`	$60.78K	USD	1 Quarter
Professional services	`ProfessionalAndContractServicesExpense`	$81.86K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$108.42K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$51.91K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$660.48K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$268.82K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-269.36K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-268.75K	USD	1 Quarter
Other income	`OtherIncome`	$-11.88K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$-126.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$-1.47K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.64K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.62K	USD	1 Quarter
Total other (income) expense	`NonoperatingIncomeExpense`	$-392.00	USD	1 Quarter
Total other (income) expense	`NonoperatingIncomeExpense`	$10.17K	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-279.53K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-268.36K	USD	1 Quarter
Net loss attributable to non-controlling interests	`IncomeLossAttributableToNoncontrollingInterest`	$-10.68K	USD	1 Quarter
Net loss attributable to New Jersey Mining Company	`ProfitLoss`	$-268.85K	USD	1 Quarter
Net loss attributable to New Jersey Mining Company	`ProfitLoss`	$-268.36K	USD	1 Quarter
Net loss per common share-basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share-basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	75.76M	shares	1 Quarter
Weighted average common shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	91.76M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-279.53K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-268.36K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$14.53K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$48.92K	USD	1 Quarter
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$288.00	USD	1 Quarter
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$1.32K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$27.46K	USD	1 Quarter
Joint venture receivables	`IncreaseDecreaseInOtherReceivables`	$-31.43K	USD	1 Quarter
Joint venture receivables	`IncreaseDecreaseInOtherReceivables`	$-3.71K	USD	1 Quarter
Milling receivables	`IncreaseDecreaseMillingReceivables`	$-109.89K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$70.00	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$2.79K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.75K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$57.46K	USD	1 Quarter
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$6.42K	USD	1 Quarter
Accrued payroll and related payroll expense	`IncreaseDecreaseInAccruedSalaries`	$-7.33K	USD	1 Quarter
Accrued payroll and related payroll expense	`IncreaseDecreaseInAccruedSalaries`	$6.65K	USD	1 Quarter
Net cash (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-256.08K	USD	1 Quarter
Net cash (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-261.50K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-5.63K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-3.85K	USD	1 Quarter
Deposits on Equipment	`PaymentsForOtherDeposits`	$-38.52K	USD	1 Quarter
Deposits on Equipment	`PaymentsForOtherDeposits`	$-23.62K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.38K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.25K	USD	1 Quarter
Sales of common stock and warrants, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$405.00K	USD	1 Quarter
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$-16.16K	USD	1 Quarter
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$-1.31K	USD	1 Quarter
Principal payments on capital lease	`DebtInstrumentPeriodicPaymentPrincipal`	$-8.55K	USD	1 Quarter
Principal payments on note and other payables, related party, net	`ProceedsFromRelatedPartyDebt`	$-9.41K	USD	1 Quarter
Principal payments on note and other payables, related party, net	`ProceedsFromRelatedPartyDebt`	$-1.13K	USD	1 Quarter
Proceeds from non-controlling interest, net	`ProceedsFromMinorityShareholders`	$8.55K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.72K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$387.71K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$96.96K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-309.18K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$336.52K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$636.13K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.35K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$733.09K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$336.52K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$636.13K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.35K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$733.09K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.