XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)        
REVENUE $ 2,463,984 $ 2,051,713 $ 9,624,611 $ 5,580,562
COST OF REVENUE 2,033,066 1,950,504 7,339,499 5,070,798
GROSS PROFIT 430,918 101,209 2,285,112 509,764
OPERATING EXPENSES        
General and administrative 108,538 112,744 489,810 572,905
Salaries and benefits 76,811 72,200 222,858 226,137
Other operating and exploration expenses 91,405 0 109,365 184,037
Legal and professional fees 93,678 28,227 263,682 212,563
TOTAL OPERATING EXPENSES 370,432 213,171 1,085,715 1,195,642
INCOME (LOSS) FROM OPERATIONS 60,486 (111,962) 1,199,397 (685,878)
OTHER INCOME (EXPENSE)        
Interest expense (4,207) (590) (10,270) (3,725)
Interest and investment income 15,064 13,320 54,770 35,202
Change in fair value of investments (25,840) 0 (119,298) 0
Trademark and licensing income 4,899 0 65,674 0
Gain on forgiveness - CARES Act debt 0 0 0 443,400
Gain on settlement of Hillgrove advance 0 0 0 113,422
TOTAL OTHER INCOME (EXPENSE) (10,084) 12,730 (9,124) 588,299
NET INCOME (LOSS) 50,402 (99,232) 1,190,273 (97,579)
Preferred dividends (11,819) (12,162) (35,458) (36,487)
Net income (loss) available to common stockholders $ 38,583 $ (111,394) $ 1,154,815 $ (134,066)
Net income (loss) per share of common stock        
Basic and diluted     $ 0.01  
Weighted average shares outstanding:        
Basic 106,293,842 106,117,844 106,258,384 101,642,048
Diluted 106,293,842 106,117,844 106,258,384 101,642,048