Comstock Inc
For the period ended Sep 30, 2024. Filed Oct 22, 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.
Sep 30, 2024 · Filed Oct 22, 2024
LODE$1.92-1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONDENSED CONSOLIDATED BALANCE SHEETS
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $1,363,327 | $3,785,577 |
| Investments | 18,912,985 | 18,912,985 |
| Derivative assets | 428,850 | — |
| Assets held for sale - land and mineral rights and properties | 8,380,231 | — |
| Prepaid expenses and other current assets | 799,760 | 484,577 |
| Total current assets | 29,885,153 | 23,183,139 |
| Non-current Assets: | ||
| Investments | 31,406,475 | 31,260,928 |
| Mineral rights and properties | 11,250,121 | 13,302,013 |
| Properties, plant and equipment, net | 8,620,646 | 15,204,030 |
| Deposits | 411,268 | 411,268 |
| Reclamation bond deposit | 3,228,229 | 2,850,518 |
| Notes receivable and advances, net | 4,754,789 | 980,291 |
| Intangible assets, net | 5,886,548 | 15,866,032 |
| Finance lease - right of use asset, net | 3,100,972 | 2,923,766 |
| Operating lease - right of use asset, net | 4,729,427 | 237,617 |
| Other assets | 419,188 | 246,742 |
| Total non-current assets | 73,807,663 | 83,283,205 |
| TOTAL ASSETS | $103,692,816 | $106,466,344 |
COMSTOCK INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $2,524,119 | $1,333,980 |
| Accrued expenses and other liabilities | 6,053,784 | 2,283,986 |
| Deposits | — | 410,100 |
| Deferred revenue | 1,236,645 | 78,495 |
| Derivative liabilities | 1,250,000 | 5,400,128 |
| Finance lease - right of use lease liability | 515,140 | 838,676 |
| Debt, net - current portion | 626,044 | 4,495,660 |
| Total current liabilities | 12,205,732 | 14,841,025 |
| Long-term Liabilities: | ||
| Reclamation liability | 5,925,903 | 5,606,681 |
| Operating lease - right of use lease liability, long-term portion | 4,779,042 | 205,154 |
| Deferred revenue | — | 1,156,250 |
| Debt, net - long-term portion | 10,604,251 | 5,355,062 |
| Other liabilities | 2,105,535 | 1,025,000 |
| Total long-term liabilities | 23,414,731 | 13,348,147 |
| TOTAL LIABILITIES | 35,620,463 | 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 outstanding | — | — |
| Common stock, $0.000666 par value, 245,000,000 shares authorized, 206,634,788 and 117,862,081 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | 137,649 | 78,405 |
| Treasury stock 0 and 2,605,322 shares, at cost, at September 30, 2024 and December 31, 2023, respectively | — | (3,360,867) |
| Additional paid-in capital | 380,656,890 | 363,889,245 |
| Accumulated deficit | (312,832,590) | (282,329,611) |
| Total equity - Comstock Inc. | 67,961,949 | 78,277,172 |
| Non-controlling interest | 110,404 | — |
| Total stockholders' equity | 68,072,353 | 78,277,172 |
| TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | $103,692,816 | $106,466,344 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.