XML 51 R32.htm IDEA: XBRL DOCUMENT v3.25.3
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS CONSOLIDATED STATEMENTS OF CASH FLOWS (Details) - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Stock- based compensation expense $ 3,725,484 $ 3,766,629
Depreciation 2,185,332 2,323,431
Amortization of mining rights 1,235,932 1,222,686
Accretion expense 991,520 1,015,563
Amortization of issuance costs and debt discount 112,143 59,271
Gain on sale of equipment (400,000) (1,529,408)
Issuance of common shares for services 143,575 100,000
Due from related party (530,000) (352,243)
Receivables (6,675) 660,756
Inventories (829,998) 316,699
Prepaid expenses and other current assets 583,825 (942,557)
Trade and non-trade payable 894,571 (3,118,438)
Accounts payable related party 6,052,168 233,428
Accrued expenses 295,132 311,809
Accrued litigation settlement 240,658 14,103,270
Accrued interest 1,691,551 377,306
Other current liabilities 0 100,000
Operating lease assets and liabilities, net 4,755 2,756
Operating lease assets and liabilities, net - related party 373,420 0
Cash used in operating activities (21,243,213) (19,518,781)
Purchase of property and equipment, net of capitalized interest income and (expense) 1,059,062 3,616,866
Proceeds from sale of equipment 400,000 1,529,408
Proceeds from short-term investments, net 715,038 641,617
Restricted investments purchased (151,253,539) (30,297,202)
Cash used in investing activities (125,400,361) (31,743,043)
Proceeds from tax exempt bonds, net 149,719,203 43,475,888
Proceeds from the exercise of stock option (156,900) 0
Proceeds received from other financing obligation 2,493,819 7,733,231
Repayment on current portion of long-term debt 0 (1,158,428)
Repayments of other financing obligation (7,365,639) (6,083,386)
Cash provided by (used in) financing activities 145,679,343 45,348,555
Net loss (39,338,806) (38,724,963)
Amortization of finance right-to-use assets - related party 378,888 0
Purchase of property and equipment, net of capitalized interest income and (expense) (1,059,062) (3,616,866)
Proceeds from the exercise of stock option 156,900 0
Proceeds from tax exempt bonds, net $ (149,719,203) (43,475,888)
Previously Reported [Member]    
Net loss   (11,455,086)
Stock- based compensation expense   0
Depreciation   46,953
Amortization of mining rights   1,240,914
Accretion expense   993,165
Amortization of right-to-use assets - related party   626,253
Accretion of right-to-use assets   64,386
Amortization of issuance costs and debt discount   52,500
Option Expense   1,506,292
Investment in other entities - Related Parties, net   0
Gain on sale of equipment   (8,475,468)
Issuance of common shares for services   0
Unrealized gain on short-term investments   (499,639)
Due from related party   0
Receivables   660,755
Inventories   (392,690)
Prepaid expenses and other current assets   (1,081,075)
Trade and non-trade payable   1,876,680
Accounts payable related party   (1,923,535)
Accrued expenses   0
Accrued litigation settlement   0
Accrued interest   406,191
Other current liabilities   200,000
Operating lease assets and liabilities, net   200,001
Operating lease assets and liabilities, net - related party   752,783
Cash used in operating activities   (14,415,240)
Purchase of property and equipment, net of capitalized interest income and (expense)   964,319
Proceeds from sale of equipment   0
Proceeds from short-term investments, net   22,067,980
Purchases of short-term investments   (51,865,545)
Restricted investments purchased   0
Cash used in investing activities   (28,833,246)
Proceeds from tax exempt bonds, net   44,100,000
Proceeds from the exercise of stock option   (1,112,852)
Proceeds received from other financing obligation   0
Repayment on current portion of long-term debt   0
Repayments of other financing obligation   (5,599,988)
Cash provided by (used in) financing activities   37,387,160
Net loss   (11,455,176)
Unrealized gain on short-term investments   499,639
Purchase of property and equipment, net of capitalized interest income and (expense)   (964,319)
Purchases of short-term investments   51,865,545
Proceeds from the exercise of stock option   1,112,852
Proceeds from tax exempt bonds, net   (44,100,000)
Adjustment [Member]    
Net loss   (27,269,877)
Stock- based compensation expense   3,766,629
Depreciation   2,276,478
Amortization of mining rights   (18,228)
Accretion expense   (416)
Amortization of right-to-use assets - related party   562,696
Accretion of right-to-use assets   (1,506,292)
Amortization of issuance costs and debt discount   6,771
Option Expense   (64,386)
Investment in other entities - Related Parties, net   (626,253)
Gain on sale of equipment   6,946,060
Issuance of common shares for services   100,000
Unrealized gain on short-term investments   (514,981)
Due from related party   352,243
Receivables   (1)
Inventories   (75,991)
Prepaid expenses and other current assets   138,518
Trade and non-trade payable   (4,995,118)
Accounts payable related party   2,156,963
Accrued expenses   311,809
Accrued litigation settlement   14,103,270
Accrued interest   (28,885)
Other current liabilities   (100,000)
Operating lease assets and liabilities, net   (197,245)
Operating lease assets and liabilities, net - related party   (752,783)
Cash used in operating activities   (5,103,541)
Purchase of property and equipment, net of capitalized interest income and (expense)   4,581,185
Proceeds from sale of equipment   1,529,408
Purchases of short-term investments   (51,865,545)
Restricted investments purchased   (30,297,202)
Cash used in investing activities   (2,909,797)
Proceeds from tax exempt bonds, net   624,112
Proceeds from the exercise of stock option   (1,112,852)
Proceeds received from other financing obligation   7,733,231
Repayment on current portion of long-term debt   (1,158,428)
Repayments of other financing obligation   (483,398)
Cash provided by (used in) financing activities   7,961,395
Net loss   (27,269,787)
Unrealized gain on short-term investments   514,981
Purchase of property and equipment, net of capitalized interest income and (expense)   (4,581,185)
Purchases of short-term investments   51,865,545
Proceeds from the exercise of stock option   1,112,852
Proceeds from tax exempt bonds, net   (624,112)
Restated [Member]    
Stock- based compensation expense   3,766,629
Depreciation   2,323,431
Amortization of mining rights   1,222,686
Accretion expense   992,749
Accretion of right-to-use assets   0
Amortization of issuance costs and debt discount   59,271
Option Expense   0
Investment in other entities - Related Parties, net   562,696
Gain on sale of equipment   (1,529,408)
Issuance of common shares for services   100,000
Unrealized gain on short-term investments   (15,342)
Due from related party   352,243
Receivables   660,756
Inventories   316,699
Prepaid expenses and other current assets   (942,557)
Trade and non-trade payable   (3,118,438)
Accounts payable related party   233,428
Accrued expenses   311,809
Accrued litigation settlement   14,103,270
Accrued interest   377,306
Other current liabilities   100,000
Operating lease assets and liabilities, net   2,756
Operating lease assets and liabilities, net - related party   0
Cash used in operating activities   (19,518,781)
Purchase of property and equipment, net of capitalized interest income and (expense)   3,616,866
Proceeds from sale of equipment   1,529,408
Proceeds from short-term investments, net   641,617
Purchases of short-term investments   0
Restricted investments purchased   (30,297,202)
Cash used in investing activities   (31,743,043)
Proceeds from the exercise of stock option   0
Proceeds received from other financing obligation   7,733,231
Repayment on current portion of long-term debt   (1,158,428)
Repayments of other financing obligation   (6,083,386)
Cash provided by (used in) financing activities   45,348,555
Net loss   (38,724,963)
Amortization of finance right-to-use assets - related party   0
Unrealized gain on short-term investments   15,342
Purchase of property and equipment, net of capitalized interest income and (expense)   (3,616,866)
Purchases of short-term investments   0
Proceeds from the exercise of stock option   $ 0