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TIMBERLINE RESOURCES CORPORATION AND SUBSIDIARIES - CONSOLIDATED STATEMENTS OF OPERATION AND COMPREHENSIVE INCOME (USD $)
3 Months Ended 9 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES $ 8,619,303 $ 5,791,518 $ 21,618,995 $ 14,158,535
COST OF REVENUES 6,493,682 4,520,365 17,018,008 10,944,879
GROSS PROFIT 2,125,621 1,271,153 4,600,987 3,213,656
OPERATING EXPENSES:        
Mineral exploration expenses 480,996 249,501 2,766,085 535,633
Salaries and benefits 397,210 344,963 1,622,273 1,264,280
Insurance expense 174,459 145,850 485,387 367,847
Professional fees expense 25,482 223,128 226,143 793,972
Other general and administrative expenses 486,016 584,250 1,882,361 1,684,509
TOTAL OPERATING EXPENSES 1,564,163 1,547,692 6,982,249 4,646,241
INCOME (LOSS) FROM OPERATIONS 561,458 (276,539) (2,381,262) (1,432,585)
OTHER INCOME (EXPENSE):        
Other income (expense) (6,263)   (5,606) 37,171
Foreign exchange gain (loss) (358) (1,057) 7,678 (1,057)
Related party interest income   1,500   1,500
Interest income 2,769 3,380 6,140 11,021
Related party interest expense (131,818) (145,142) (477,916) (477,916)
Interest expense (20,623) (23,201) (77,053) (66,971)
TOTAL OTHER EXPENSE (156,293) (164,520) (464,295) (443,143)
NET INCOME (LOSS) BEFORE INCOME TAXES 405,165 (441,059) (2,845,557) (1,875,728)
INCOME TAX BENEFIT 123,034   770,573  
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 528,199 (441,059) (2,074,984) (1,875,728)
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX   (373,641) (114,582) (780,566)
NET INCOME (LOSS) 528,199 (814,700) (2,189,566) (2,656,294)
OTHER COMPREHENSIVE INCOME (LOSS):        
Unrealized gain (loss) on available-for-sale equity security (238,400)   89,400  
COMPREHENSIVE INCOME (LOSS) $ 289,799 $ (814,700) $ (2,100,166) $ (2,656,294)
NET INCOME (LOSS) PER SHARE AVAILABLE TO COMMON STOCKHOLDERS, BASIC AND DILUTED:        
CONTINUING OPERATIONS $ 0.01 $ (0.01) $ (0.04) $ (0.04)
DISCONTINUED OPERATIONS $ 0 $ (0.01) $ 0 $ (0.02)
INCOME (LOSS) PER SHARE $ 0.01 $ (0.02) $ (0.04) $ (0.06)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED 61,153,924 45,662,405 58,132,492 41,617,487