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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue $ 556,383 $ 760,721 $ 1,417,158 $ 826,796
Operating Expenses:        
Selling, general and administrative expenses 3,176,373 3,140,080 9,496,719 10,025,904
Research and development 1,440,367 1,394,860 4,880,847 4,426,543
Depreciation and amortization 562,456 676,779 1,875,151 2,012,701
Total intangible assets and goodwill, impairment 8,667,869 0 8,667,869 0
Impairment of properties, plant and equipment 324,047 0 324,047 0
Gain on sale of Facility 0 (7,126,377) 0 (7,304,570)
Total operating expenses 14,171,112 (1,914,658) 25,244,633 9,160,578
Income (loss) from operations (13,614,729) 2,675,379 (23,827,475) (8,333,782)
Other Income (Expense)        
Gain on investments 0 14,074,875 0 13,309,875
Interest expense (696,996) (320,815) (2,298,098) (1,312,154)
Interest income 81,015 73,067 220,587 179,942
Change in fair value of derivative instruments 1,350,370 (2,369,176) 516,756 (105,964)
Loss on conversion of debt (2,218,694) 289,512 (3,690,760) 51,856
Loss on debt extinguishment (222,634) 0 (744,256) 0
Other income (expense) 327,085 (681,678) (741,929) (1,234,940)
Total other income (expense), net (1,379,854) 11,065,785 (6,737,700) 10,888,615
Net income (loss) (14,994,583) 13,741,164 (30,565,175) 2,554,833
Net income (loss) attributable to noncontrolling interest (26,568) 1,376,189 (62,196) 1,327,283
Net income (loss) attributable to Comstock Inc. $ (14,968,015) $ 12,364,975 $ (30,502,979) $ 1,227,550
Earnings per Share - Basic:        
Net income (loss) per share - basic (in dollars per share) $ (0.08) $ 0.11 $ (0.2) $ 0.01
Earnings per Share - Diluted:        
Net income (loss) per share - diluted (in dollars per share) $ (0.08) $ 0.11 $ (0.2) $ 0.01
Weighted average common shares outstanding, basic (in shares) 187,868,997 109,093,289 149,430,981 101,853,484
Weighted average common shares outstanding, diluted (in shares) 187,868,997 110,356,870 149,430,981 101,996,145