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10-Q ACQUISTITIONS AND INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2022
Business Acquisition [Line Items]  
Schedule of Non-current Investments
At December 31, 2021 and 2020, our non-current investments include:
December 31, 2021December 31, 2020
InvestmentOwnership %InvestmentOwnership %
Quantum Generative Materials LLC$13,645,946 48.19 %$— — %
LP Biosciences LLC4,227,587 50.00 %— — %
Green Li-ion4,577,000 20.00 %— — %
Mercury Clean Up, LLC1,975,026 25.00 %2,010,11315.00 %
MCU Philippines, Inc.499,269 50.00 %323,770 50.00 %
Pelen Limited Liability Company591,051 25.00 %603,714 25.00 %
Total equity method investments25,515,879 2,937,597 
Sierra Springs Opportunity Fund, Inc., at cost335,000 335,000 
Total Investments$25,850,879 $3,272,597 
Summary financial information for affiliated companies (20% to 50%-owned) accounted for by the equity method is as follows:
December 31, 2021 * December 31, 2020
Current assets$8,336,962 $1,193,362 
Non-current assets12,985,338 4,212,385 
Current liabilities3,173,869 354,009 
Non-current liabilities2,000,000 1,000,000 
Revenues352,263 562,500 
Gross Profit(74,048)(111,064)
Net income (loss) and net income (loss) attributable to the entity$(3,730,954)$(580,346)
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*Information presented as of and for the years ended September 30, 2021 and 2020. All equity method investments are accounted for on a one-quarter lag.
At March 31, 2022 and December 31, 2021, our non-current investments include:
March 31, 2022December 31, 2021
InvestmentOwnership %InvestmentOwnership %
LP Biosciences LLC$— — %$4,227,587 48.19 %
Quantum Generative Materials LLC13,440,541 48.19 %13,645,946 48.19 %
Green Li-ion4,517,710 20.22 %4,577,000 20.22 %
Mercury Clean Up, LLC— 25.00 %1,975,02625.00 %
MCU Philippines, Inc.— 50.00 %499,269 50.00 %
Pelen Limited Liability Company607,805 25.00 %591,051 25.00 %
Total equity method investments18,566,056 25,515,879 
Sierra Springs Opportunity Fund, Inc., at cost335,000 335,000 
Total Investments$18,901,056 $25,850,879 
Summary financial information for affiliated companies (20% to 50%-owned) accounted for by the equity method is as follows:
2022*2021
Current assets$8,897,693 $8,218,932 
Non-current assets13,873,703 11,585,338 
Current liabilities2,530,296 3,101,523 
Non-current liabilities2,000,000 2,000,000 
Three Months EndedThree Months Ended
March 31, 2022March 31, 2021
Revenues89,714 19,700 
Gross Profit76,892 19,700 
Net income (loss) and net income (loss) attributable to the entity$(901,502)$(354,852)
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*Information presented as of December 31, 2021 and September 30, 2021, and for the three months ended December 31, 2021 and 2020, respectively. All equity method investments are accounted for on a one-quarter lag.
Schedule of Business Acquisitions, by Acquisition Tonogold and applied to the net assets acquired as follows:
Fair value of consideration transferred:
Tonogold note receivable$6,650,000 
Direct costs of acquisition2,306 
Less option payment received from Tonogold(750,000)
Total fair value of consideration5,902,306 
Recognized amounts of identifiable assets acquired and liabilities assumed:
Mineral properties6,844,474 
Asset retirement obligation(942,168)
Total identifiable net assets$5,902,306 
Plain Sight Innovations LLC  
Business Acquisition [Line Items]  
Business Acquisition, Pro Forma Information
(Unaudited)
December 31, 2021
Revenue$868,165 
Net loss$(25,777,145)
March 31, 2021
Revenue$48,500 
Net income (loss)8,129,285 
Schedule of Business Acquisitions, by Acquisition
Fair value of consideration transferred:
Comstock shares of common stock issued (8,500,000 at $1.76 per share)
$14,952,806 
Loans to Plain Sight Innovations LLC prior to acquisition1,423,328 
Total fair value of consideration transferred16,376,134 
Recognized amounts of identifiable assets acquired
Cash and cash equivalents$100,147 
Intangible assets - Intellectual property
Developed technologies6,579,400 
License agreements494,133 
Deferred tax liability(1,383,942)
Total identifiable assets5,789,738 
Goodwill$10,586,396 
MANA Corporation  
Business Acquisition [Line Items]  
Business Acquisition, Pro Forma Information
(Unaudited)
December 31, 2021
Revenue$862,165 
Net loss$(24,756,693)
March 31, 2021
Revenue$48,500 
Net loss$8,111,310 
Schedule of Business Acquisitions, by Acquisition
The MANA purchase price consideration and provisional allocation to net assets acquired is presented below:
Fair value of consideration transferred:
Comstock shares of common stock issued (4,200,000 at $1.55 per share)
$6,528,453 
Total fair value of consideration transferred6,528,453 
Recognized amounts of identifiable assets acquired and liabilities assumed:
Intangible assets - Customer agreements (Note 9)$461,528 
Deferred tax liability(96,921)
Total identifiable net assets364,607 
Goodwill$6,163,846 
Renewable Process Solutions, Inc.  
Business Acquisition [Line Items]  
Business Acquisition, Pro Forma Information
UnauditedUnaudited
December 31, 2021December 31, 2020
Revenue$983,380 $226,630 
Net income (loss)$(24,720,177)$14,445,248 
March 31, 2021
Revenue$48,500 
Net income (loss)$8,076,141 
Schedule of Business Acquisitions, by Acquisition
The purchase price consideration and provisional allocation to net assets acquired is presented below:
Fair value of consideration transferred:
Comstock shares of common stock issued (1,000,000 at $2.30 per share)
$2,304,806 
Total fair value of consideration transferred2,304,806 
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents24,385 
Notes receivable, net38,459 
Prepaid expenses and other current assets4,072 
Intangible assets
License agreements16,619 
Customer agreements122,885 
Distribution agreements19,733 
Accounts payable(33,882)
Deferred tax liability(33,440)
Accrued expenses and other liabilities(56,300)
Total identifiable net assets102,531 
Goodwill$2,202,275