Comstock Inc
For the period ended Mar 31, 2024. Filed Apr 29, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 29, 2024
LODE$1.95+13.4%Stored close · as of Nov 6, 2026
Contents
Item 1. Financial Statements CONDENSED CONSOLIDATED BALANCE SHEETS
PART 1 - FINANCIAL INFORMATION
Item 1. Financial Statements
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $466,976 | $3,785,577 |
| Investments | 18,912,985 | 18,912,985 |
| Notes receivable and advances, net - current portion | 250,000 | — |
| Derivative assets | 240,478 | — |
| Assets held for sale - mineral rights and properties | 1,321,297 | — |
| Prepaid expenses and other current assets | 907,422 | 484,577 |
| Total current assets | 22,099,158 | 23,183,139 |
| Non-current Assets: | ||
| Investments | 32,450,985 | 31,260,928 |
| Mineral rights and properties | 11,980,716 | 13,302,013 |
| Properties, plant and equipment, net | 15,205,401 | 15,204,030 |
| Deposits | 411,268 | 411,268 |
| Reclamation bond deposit | 2,884,518 | 2,850,518 |
| Notes receivable and advances, net | 980,291 | 980,291 |
| Intangible assets, net | 15,362,658 | 15,866,032 |
| Finance lease - right of use asset, net | 2,912,533 | 2,923,766 |
| Other assets | 617,694 | 484,359 |
| Total non-current assets | 82,806,064 | 83,283,205 |
| TOTAL ASSETS | $104,905,222 | $106,466,344 |
CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $1,023,279 | $1,333,980 |
| Accrued expenses and other liabilities | 3,250,300 | 2,283,986 |
| Deposits | 410,100 | 410,100 |
| Deferred revenue | 1,269,022 | 78,495 |
| Derivative liabilities | 5,493,325 | 5,400,128 |
| Finance lease - right of use lease liability | 370,201 | 838,676 |
| Debt, net - current portion | 2,975,314 | 4,495,660 |
| Total current liabilities | 14,791,541 | 14,841,025 |
| Long-term Liabilities: | ||
| Reclamation liability | 5,706,843 | 5,606,681 |
| Finance lease - right of use lease liability, long-term portion | 459,854 | — |
| Deferred revenue | — | 1,156,250 |
| Debt, net - long-term portion | 7,943,057 | 5,355,062 |
| Other liabilities | 2,003,925 | 1,230,154 |
| Total long-term liabilities | 16,113,679 | 13,348,147 |
| TOTAL LIABILITIES | 30,905,220 | 28,189,172 |
| COMMITMENTS AND CONTINGENCIES (Notes 9 and 14) | ||
| Stockholders' Equity | ||
| Preferred Stock $0.000666 par value, 50,000,000 shares authorized, no shares issued | — | — |
| Common stock $0.000666 par value, 245,000,000 shares authorized, 122,615,150 and 117,862,081 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 81,691 | 78,405 |
| Treasury stock 0 and 2,605,322 shares, at cost, at March 31, 2024 and December 31, 2023, respectively | — | (3,360,867) |
| Additional paid-in capital | 362,993,642 | 363,889,245 |
| Accumulated deficit | (289,231,023) | (282,329,611) |
| Total equity - Comstock Inc. | 73,844,310 | 78,277,172 |
| Non controlling interest | 155,692 | — |
| Total stockholders' equity | 74,000,002 | 78,277,172 |
| TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | $104,905,222 | $106,466,344 |
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