$IDR
Idaho Strategic Resources, Inc. Stock $idr

$idr Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000165495424009573 Filed on July 30, 2024

Income Statement

Concept	2024 Q3	2024 Q2	2023 Q2
Revenue	$6.153M	$6.125M	$3.237M
YoY Change	86.39%	89.26%	37.23%
Cost Of Revenue	$3.156M	$3.052M	$2.443M
YoY Change	43.76%	24.93%	3.91%
Gross Profit	$2.997M	$3.073M	$793.6K
YoY Change	171.03%	287.28%	10542.12%
Gross Profit Margin	48.71%	50.18%	24.52%
Selling, General & Admin		$354.8K	$302.6K
YoY Change		17.25%	-34.72%
% of Gross Profit		11.54%	38.13%
Research & Development		$620.1K	$207.4K
YoY Change		199.01%	-46.39%
% of Gross Profit		20.17%	26.13%
Depreciation & Amortization		$455.9K	$343.0K
YoY Change		32.91%	41.81%
% of Gross Profit		14.83%	43.23%
Operating Expenses	$1.558M	$977.8K	$503.6K
YoY Change	124.97%	94.17%	-41.04%
Operating Profit	$1.440M	$2.096M	$290.0K
YoY Change	248.17%	622.65%	-134.25%
Interest Expense	$37.13K	$25.60K	$19.37K
YoY Change	234.28%	32.15%	144.81%
% of Operating Profit	2.58%	1.22%	6.68%
Other Income/Expense, Net	-$550.0K	-$39.33K	$0.00
YoY Change			-100.0%
Pretax Income		$2.135M	$295.8K
YoY Change		621.7%	-134.71%
Income Tax
% Of Pretax Income
Net Earnings	$1.990M	$2.135M	$295.8K
YoY Change	392.47%	621.69%	-134.71%
Net Earnings / Revenue	32.33%	34.85%	9.14%
Basic Earnings Per Share
Diluted Earnings Per Share		$0.17	$0.03
COMMON SHARES
Basic Shares Outstanding	12.96M shares	12.74M shares	12.26M shares
Diluted Shares Outstanding	13.26M shares	13.04M shares	12.26M shares

Balance Sheet

Concept	2024 Q3	2024 Q2	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments		$8.146M	$2.238M
YoY Change		263.95%	-28.57%
Cash & Equivalents	$8.393M	$1.801M	$2.230M
Short-Term Investments		$6.345M	$8.220K
Other Short-Term Assets	$405.3K	$172.0K	$121.6K
YoY Change	21.53%	41.45%	-78.35%
Inventory	$971.5K	$766.6K	$655.3K
Prepaid Expenses
Receivables		$1.517M	$840.3K
Other Receivables		$1.420K	$1.550K
Total Short-Term Assets	$14.44M	$10.60M	$3.857M
YoY Change	248.58%	174.89%	-24.06%
LONG-TERM ASSETS
Property, Plant & Equipment	$11.57M	$10.49M	$10.79M
YoY Change	9.58%	-2.73%	26.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments		$0.00	$8.220K
YoY Change		-100.0%	-98.11%
Other Assets		$600.3K	$0.00
YoY Change			-100.0%
Total Long-Term Assets	$26.39M	$21.58M	$18.92M
YoY Change	40.68%	14.05%	17.51%
TOTAL ASSETS
Total Short-Term Assets	$14.44M	$10.60M	$3.857M
Total Long-Term Assets	$26.39M	$21.58M	$18.92M
Total Assets	$40.83M	$32.19M	$22.78M
YoY Change	78.29%	41.29%	7.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable		$732.8K	$542.8K
YoY Change		35.0%	-23.92%
Accrued Expenses		$286.2K	$235.5K
YoY Change		21.55%	8.19%
Deferred Revenue
YoY Change
Short-Term Debt		$0.00	$0.00
YoY Change
Long-Term Debt Due		$745.1K	$1.044M
YoY Change		-28.59%	37.89%
Total Short-Term Liabilities	$2.615M	$1.764M	$1.822M
YoY Change	48.62%	-3.17%	7.93%
LONG-TERM LIABILITIES
Long-Term Debt		$1.986M	$1.739M
YoY Change		14.21%	57.18%
Other Long-Term Liabilities		$295.9K	$270.1K
YoY Change		9.55%	6.08%
Total Long-Term Liabilities	$2.418M	$2.282M	$2.009M
YoY Change	35.44%	13.58%	25.09%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.615M	$1.764M	$1.822M
Total Long-Term Liabilities	$2.418M	$2.282M	$2.009M
Total Liabilities	$5.033M	$4.046M	$3.831M
YoY Change	41.98%	5.62%	16.3%
SHAREHOLDERS EQUITY
Retained Earnings	$10.88M	-$12.88M	-$17.98M
YoY Change	-161.95%	-28.36%	5.1%
Common Stock	$43.93M	$38.26M	$34.12M
YoY Change	28.73%	12.13%	6.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$33.05M	$25.38M	$16.14M
YoY Change
Total Liabilities & Shareholders Equity	$40.83M	$32.19M	$22.78M
YoY Change	78.29%	41.29%	7.55%

Cashflow Statement

Concept	2024 Q3	2024 Q2	2023 Q2
OPERATING ACTIVITIES
Net Income	$1.990M	$2.135M	$295.8K
YoY Change	392.47%	621.69%	-134.71%
Depreciation, Depletion And Amortization		$455.9K	$343.0K
YoY Change		32.91%	41.81%
Cash From Operating Activities		$2.630M	$982.6K
YoY Change		167.62%	-216.09%
INVESTING ACTIVITIES
Capital Expenditures		$880.1K	$453.6K
YoY Change		94.02%	-218.63%
Acquisitions
YoY Change
Other Investing Activities		-$6.328M	$0.00
YoY Change			-100.0%
Cash From Investing Activities		-$7.208M	-$453.6K
YoY Change		1488.99%	-24.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities		1.084M	-312.8K
YoY Change		-446.67%	-126.71%
NET CHANGE
Cash From Operating Activities		2.630M	982.6K
Cash From Investing Activities		-7.208M	-453.6K
Cash From Financing Activities		1.084M	-312.8K
Net Change In Cash		-3.494M	216.2K
YoY Change		-1716.03%	-178.47%
FREE CASH FLOW
Cash From Operating Activities		$2.630M	$982.6K
Capital Expenditures		$880.1K	$453.6K
Free Cash Flow		$1.749M	$529.0K
YoY Change		230.73%	-214.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	Cost Direct Material CostDirectMaterial	2099890	usd
CY2024Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	455930	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	957718	usd
	dei	Entity Central Index Key EntityCentralIndexKey	0001030192
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2023Q4	us-gaap	Preferred Stock No Par Value PreferredStockNoParValue	0
CY2024Q2	us-gaap	Preferred Stock No Par Value PreferredStockNoParValue	0
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2024Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2024Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q4	us-gaap	Common Stock No Par Value CommonStockNoParValue	0
CY2024Q2	us-gaap	Common Stock No Par Value CommonStockNoParValue	0
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	200000000	shares
CY2024Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	12958574	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	12397615	shares
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2024-06-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	001-41320
	dei	Entity Registrant Name EntityRegistrantName	IDAHO STRATEGIC RESOURCES, INC
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	ID
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	82-0490295
	dei	Entity Address Address Line1 EntityAddressAddressLine1	201 N. Third Street
	dei	Entity Address City Or Town EntityAddressCityOrTown	Coeur d’Alene
	dei	Entity Address State Or Province EntityAddressStateOrProvince	ID
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	83814
	dei	City Area Code CityAreaCode	208
	dei	Local Phone Number LocalPhoneNumber	625-9001
	dei	Security12b Title Security12bTitle	Common Stock, $0.00 par value
	dei	Trading Symbol TradingSymbol	IDR
	dei	Security Exchange Name SecurityExchangeName	NYSE
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2024Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	12958574	shares
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1801257	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2286999	usd
CY2024Q2	us-gaap	Other Short Term Investments OtherShortTermInvestments	6344725	usd
CY2023Q4	us-gaap	Other Short Term Investments OtherShortTermInvestments	0	usd
CY2024Q2	us-gaap	Other Receivables OtherReceivables	1516514	usd
CY2023Q4	us-gaap	Other Receivables OtherReceivables	1038867	usd
CY2024Q2	us-gaap	Inventory Net InventoryNet	766612	usd
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CY2023Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	286648	usd
CY2024Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	1985742	usd
CY2023Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	1338406	usd
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CY2024Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies	0	usd
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CY2024Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
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CY2024Q2	us-gaap	Common Stock Value CommonStockValue	38264643	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	34963739	usd
CY2024Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-12881656	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-17210638	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	25382987	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	17753101	usd
CY2024Q2	us-gaap	Minority Interest MinorityInterest	2756496	usd
CY2023Q4	us-gaap	Minority Interest MinorityInterest	2782497	usd
CY2024Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	28139483	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	20535598	usd
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CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	23889789	usd
CY2024Q2	njmc	Sales Of Products SalesOfProducts	6125382	usd
	njmc	Sales Of Products SalesOfProducts	12024320	usd
CY2023Q2	njmc	Sales Of Products SalesOfProducts	3236515	usd
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CY2024Q2	us-gaap	Revenues Revenues	6125382	usd
	us-gaap	Revenues Revenues	12024320	usd
CY2023Q2	us-gaap	Revenues Revenues	3236515	usd
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CY2024Q2	us-gaap	Cost Direct Material CostDirectMaterial	2596027	usd
	us-gaap	Cost Direct Material CostDirectMaterial	5154940	usd
	us-gaap	Cost Direct Material CostDirectMaterial	4247850	usd
CY2023Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	343042	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	671079	usd
CY2024Q2	us-gaap	Cost Of Revenue CostOfRevenue	3051957	usd
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CY2024Q2	us-gaap	Gross Profit GrossProfit	3073425	usd
	us-gaap	Gross Profit GrossProfit	5911662	usd
CY2023Q2	us-gaap	Gross Profit GrossProfit	793583	usd
	us-gaap	Gross Profit GrossProfit	1659182	usd
CY2024Q2	us-gaap	Exploration Expense ExplorationExpense	620056	usd
	us-gaap	Exploration Expense ExplorationExpense	887904	usd
CY2023Q2	us-gaap	Exploration Expense ExplorationExpense	207369	usd
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CY2024Q2	us-gaap	Management Fee Expense ManagementFeeExpense	90313	usd
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CY2024Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	179456	usd
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CY2023Q2	us-gaap	Interest Expense InterestExpense	11048	usd
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CY2024Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-39326	usd
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CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	295822	usd
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CY2024Q2	us-gaap	Income Loss Attributable To Parent IncomeLossAttributableToParent	2157873	usd
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CY2023Q2	us-gaap	Income Loss Attributable To Parent IncomeLossAttributableToParent	327793	usd
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CY2024Q2	njmc	Earning Per Common Share Basic EarningPerCommonShareBasic	0.17
	njmc	Earning Per Common Share Basic EarningPerCommonShareBasic	0.34
CY2023Q2	njmc	Earning Per Common Share Basic EarningPerCommonShareBasic	0.03
	njmc	Earning Per Common Share Basic EarningPerCommonShareBasic	0.03
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	12836205	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	12674789	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	12256523	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	12228844	shares
CY2024Q2	njmc	Net Income Per Common Share Diluted NetIncomePerCommonShareDiluted	0.17
	njmc	Net Income Per Common Share Diluted NetIncomePerCommonShareDiluted	0.34
CY2023Q2	njmc	Net Income Per Common Share Diluted NetIncomePerCommonShareDiluted	0.03
	njmc	Net Income Per Common Share Diluted NetIncomePerCommonShareDiluted	0.03
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13043026	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	12904998	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	12259438	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	12232638	shares
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	17713070	usd
CY2023Q1	njmc	Contribution From Non Controlling Interest In New Jersey Mill Joint Venture ContributionFromNonControllingInterestInNewJerseyMillJointVenture	1601	usd
CY2023Q1	njmc	Issuance Of Common Stock For Cash Net Of Offering Costs Amount IssuanceOfCommonStockForCashNetOfOfferingCostsAmount	878503	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	44186	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	18637360	usd
CY2023Q2	njmc	Contribution From Non Controlling Interest In New Jersey Mill Joint Venture ContributionFromNonControllingInterestInNewJerseyMillJointVenture	16409	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	295822	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	18949591	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	20535598	usd
CY2024Q1	njmc	Contribution From Non Controlling Interest In New Jersey Mill Joint Venture ContributionFromNonControllingInterestInNewJerseyMillJointVenture	1598	usd
CY2024Q1	njmc	Issuance Of Common Stock For Cash Net Of Offering Costs Amount IssuanceOfCommonStockForCashNetOfOfferingCostsAmount	847492	usd
CY2024Q1	njmc	Issuance Of Common Stock For Warrants Exercised Amount IssuanceOfCommonStockForWarrantsExercisedAmount	823346	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	29999	usd
CY2024Q1	njmc	Issuance Of Common Stock For Cashless Option Exercise Amount IssuanceOfCommonStockForCashlessOptionExerciseAmount	0	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	2155814	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	24393847	usd
CY2024Q2	njmc	Contribution From Non Controlling Interest In New Jersey Mill Joint Venture ContributionFromNonControllingInterestInNewJerseyMillJointVenture	10647	usd
CY2024Q2	njmc	Issuance Of Common Stock For Cash Net Of Offering Costs Amount IssuanceOfCommonStockForCashNetOfOfferingCostsAmount	1313392	usd
CY2024Q2	njmc	Issuance Of Common Stock For Warrants Exercised Amount IssuanceOfCommonStockForWarrantsExercisedAmount	166673	usd
CY2024Q2	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	120002	usd
CY2024Q2	njmc	Issuance Of Common Stock For Cashless Option Exercise Amount IssuanceOfCommonStockForCashlessOptionExerciseAmount	0	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	2134922	usd
CY2024Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	28139483	usd
	us-gaap	Profit Loss ProfitLoss	-4290736	usd
	us-gaap	Profit Loss ProfitLoss	-340008	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	957718	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	671079	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-7431	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	224	usd
	njmc	Accretion Of Asset Retirement Obligation AccretionOfAssetRetirementObligation	-9226	usd
	njmc	Accretion Of Asset Retirement Obligation AccretionOfAssetRetirementObligation	-7856	usd
	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	-453	usd
	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	-2880	usd
	us-gaap	Interest Income Short Term Investment Increase Decrease InterestIncomeShortTermInvestmentIncreaseDecrease	21862	usd
	us-gaap	Interest Income Short Term Investment Increase Decrease InterestIncomeShortTermInvestmentIncreaseDecrease	0	usd
	njmc	Income Loss From Equity Method Investment IncomeLossFromEquityMethodInvestment	278	usd
	njmc	Income Loss From Equity Method Investment IncomeLossFromEquityMethodInvestment	1357	usd
	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	477647	usd
	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	-69709	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-110069	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	36979	usd
	njmc	Increase Decrease In Joint Venture Receivable IncreaseDecreaseInJointVentureReceivable	-667	usd
	njmc	Increase Decrease In Joint Venture Receivable IncreaseDecreaseInJointVentureReceivable	-372	usd
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-64801	usd
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-70402	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	248611	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-36703	usd
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	19517	usd
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	56303	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	5209442	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1143346	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	583841	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	343356	usd
	us-gaap	Payments For Deposits On Real Estate Acquisitions PaymentsForDepositsOnRealEstateAcquisitions	345907	usd
	us-gaap	Payments For Deposits On Real Estate Acquisitions PaymentsForDepositsOnRealEstateAcquisitions	0	usd
	njmc	Proceeds From Sale Of Investments In Equity Securities ProceedsFromSaleOfInvestmentsInEquitySecurities	0	usd
	njmc	Proceeds From Sale Of Investments In Equity Securities ProceedsFromSaleOfInvestmentsInEquitySecurities	8500	usd
	us-gaap	Payments To Acquire Mining Assets PaymentsToAcquireMiningAssets	960388	usd
	us-gaap	Payments To Acquire Mining Assets PaymentsToAcquireMiningAssets	523785	usd
	njmc	Payment To Acquire Recalmation Bonds PaymentToAcquireRecalmationBonds	-5000	usd
	njmc	Payment To Acquire Recalmation Bonds PaymentToAcquireRecalmationBonds	0	usd
	us-gaap	Payments For Proceeds From Short Term Investments PaymentsForProceedsFromShortTermInvestments	6322863	usd
	us-gaap	Payments For Proceeds From Short Term Investments PaymentsForProceedsFromShortTermInvestments	0	usd
	njmc	Proceeds From Sale Of Investment In Equity Securities ProceedsFromSaleOfInvestmentInEquitySecurities	5196	usd
	njmc	Proceeds From Sale Of Investment In Equity Securities ProceedsFromSaleOfInvestmentInEquitySecurities	0	usd
	njmc	Equity Securities Gain Loss EquitySecuritiesGainLoss	0	usd
	njmc	Equity Securities Gain Loss EquitySecuritiesGainLoss	11100	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-8212803	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-869741	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	2160884	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	878503	usd
	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	990019	usd
	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	0	usd
	njmc	Proceeds From Issuance Of Common Stock For Stock Options Exercised ProceedsFromIssuanceOfCommonStockForStockOptionsExercised	150001	usd
	njmc	Proceeds From Issuance Of Common Stock For Stock Options Exercised ProceedsFromIssuanceOfCommonStockForStockOptionsExercised	0	usd
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	795530	usd
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	502948	usd
	njmc	Principal Payments On Notes Payable Related Parties PrincipalPaymentsOnNotesPayableRelatedParties	0	usd
	njmc	Principal Payments On Notes Payable Related Parties PrincipalPaymentsOnNotesPayableRelatedParties	75183	usd
	njmc	Contributions From Non Controlling Interest ContributionsFromNonControllingInterest	12245	usd
	njmc	Contributions From Non Controlling Interest ContributionsFromNonControllingInterest	18010	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2517619	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	318382	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-485742	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	591987	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2286999	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1638031	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1801257	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2230018	usd
	njmc	Payments To Acquired Property Plant And Equipment PaymentsToAcquiredPropertyPlantAndEquipment	30719	usd
	njmc	Payments To Acquired Property Plant And Equipment PaymentsToAcquiredPropertyPlantAndEquipment	76110	usd
	njmc	Notes Payable For Equipment And Land Purchase NotesPayableForEquipmentAndLandPurchase	559752	usd
	njmc	Notes Payable For Equipment And Land Purchase NotesPayableForEquipmentAndLandPurchase	1110737	usd
	njmc	Notes Payable For Mineral Property Purchase NotesPayableForMineralPropertyPurchase	650000	usd
	njmc	Notes Payable For Mineral Property Purchase NotesPayableForMineralPropertyPurchase	0	usd
	njmc	Stock Options StockOptions	<p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>13. Stock Options</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">There were no stock options granted during the six-months ended June 30, 2024 and 2023.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Activity in the Company’s stock options is as follows:</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Number of </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Options</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Weighted Average Exercise Prices</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Balance December 31, 2022</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">535,953</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5.47</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:15px">Forfeited</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(58,504</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5.47</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Balance December 31, 2023</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">477,449</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5.47</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:15px">Exercised</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(22,073</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5.50</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:15px">Forfeited</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(10,144</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5.50</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Balance March 31, 2024</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">445,232</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5.47</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:15px">Exercised</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(218,867</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5.52</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Outstanding and exercisable at June 30, 2024</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">226,365</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5.42</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">In the three and six-month periods ending June 30, 2024, 197,438 and 214,154 options were exchanged for 86,481 and 92,386 shares in a cashless exercise by employees. The intrinsic value of these options was $854,761 and $919,990 for the three and six-month periods ending June 30, 2024. At June 30, 2024, outstanding stock options have a weighted average remaining term of approximately 0.68 years and have an intrinsic value of $1,005,415.</p>
CY2024Q2	njmc	Share Based Compensation Arrangement By Share Based Payment Award Option Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionGrantsInPeriod	197438	shares
	njmc	Share Based Compensation Arrangement By Share Based Payment Award Option Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionGrantsInPeriod	214154	shares
CY2024Q2	us-gaap	Short Term Investments ShortTermInvestments	6344725	usd
CY2023Q4	us-gaap	Other Investments And Securities At Cost OtherInvestmentsAndSecuritiesAtCost	5649	usd
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	25073	shares

Files In Submission

Name	View Source	Status
0001654954-24-009573-index-headers.html	Edgar Link	pending
0001654954-24-009573-index.html	Edgar Link	pending
0001654954-24-009573.txt	Edgar Link	pending
0001654954-24-009573-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
njmc-20240630.xsd	Edgar Link	pending
njmc_10q.htm	Edgar Link	pending
njmc_ex311.htm	Edgar Link	pending
njmc_ex312.htm	Edgar Link	pending
njmc_ex321.htm	Edgar Link	pending
njmc_ex322.htm	Edgar Link	pending
njmc_ex95.htm	Edgar Link	pending
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R4.htm	Edgar Link	pending
njmc-20240630_cal.xml	Edgar Link	unprocessable
njmc-20240630_def.xml	Edgar Link	unprocessable
njmc-20240630_lab.xml	Edgar Link	unprocessable
njmc-20240630_pre.xml	Edgar Link	unprocessable
njmc_10q_htm.xml	Edgar Link	completed
R40.htm	Edgar Link	pending
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R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable

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$IDR
Idaho Strategic Resources, Inc. Stock $idr

2024 Q3 Form 10-Q Financial Statement

#000165495424009573 Filed on July 30, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IDR Idaho Strategic Resources, Inc. Stock $idr

2024 Q3 Form 10-Q Financial Statement

#000165495424009573 Filed on July 30, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IDR
Idaho Strategic Resources, Inc. Stock $idr