Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2020

Financial information relating to our reportable operating segments and reconciliation to the consolidated totals follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Revenue
Mining	$	—	$	—	$	—	$	—
Real estate (Note 13)	49,425		48,350		146,225		130,132
Total revenue	49,425		48,350		146,225		130,132

Costs and Expenses
Mining	(832,040)		(832,082)		(3,332,742)		(3,913,388)
Real estate	(698,957)		(8,651)		(727,873)		(31,362)
Total costs and expenses	(1,530,997)		(840,733)		(4,060,615)		(3,944,750)

Operating Income (Loss)
Mining	(832,040)		(832,082)		(3,332,742)		(3,913,388)
Real estate	(649,532)		39,699		(581,648)		98,770
Total loss from operations	(1,481,572)		(792,383)		(3,914,390)		(3,814,618)

Gain on sale of membership interests in Comstock Mining LLC (Note 20)	18,275,846		—		18,275,846		—
Change in estimated fair value of contingent forward asset	(647,502)		—		765,880		—
Interest expense	(164,448)		(179,588)		(306,692)		(822,632)
Other income (expense) (Note 19)	1,347,738		1,358,868		3,522,192		1,111,338
Net income (loss)	$	17,330,062	$	386,897	$	18,342,836	$	(3,525,912)

Capital Expenditures
Mining	$	4,000	$	—	$	15,000	$	—
Real estate	—		550,000		—		1,635,000
Total capital expenditures	$	4,000	$	550,000	$	15,000	$	1,635,000

Depreciation, Amortization, and Depletion
Mining	$	86,082	$	396,910	$	386,671	$	1,565,841
Real estate	690,151		2,465		705,233		7,395
Total depreciation, amortization, and depletion	$	776,233	$	399,375	$	1,091,904	$	1,573,236