Comstock Inc

For the period ended Sep 30, 2024. Filed Oct 22, 2024.

About 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$1.67-13.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

Additional · Treasury · Non-
Common Stock · Paid in · Accumulated · Stock · Controlling
	Shares	Amount	Capital	Deficit	Amount	Interest	Total
BALANCE - January 1, 2023	91,442,018	$60,660	$348,390,556	$(291,491,432)	$(3,360,867)	$2,764,542	$56,363,459
Issuance of common stock	6,090,276	4,056	2,145,944	—	—	—	2,150,000
Common stock issuance costs	—	—	(607,620)	—	—	—	(607,620)
Issuance of common stock for stock issuance costs	963,445	642	349,358	—	—	—	350,000
Issuance of common stock for conversion of debt and accrued interest	4,539,413	3,023	1,659,700	—	—	—	1,662,723
Employee and director share-based compensation	—	120	126,168	—	—	—	126,288
LINICO dividends earned by AQMS not distributed	—	—	—	—	—	(44,703)	(44,703)
Net loss	—	—	—	(5,668,937)	—	(12,805)	(5,681,742)
BALANCE - March 31, 2023	103,035,152	68,501	352,064,106	(297,160,369)	(3,360,867)	2,707,034	54,318,405
Issuance of common stock	619,352	412	499,588	—	—	—	500,000
Issuance of common stock for conversion of debt and accrued interest, net shares returned	1,951,248	1,300	1,667,632	—	—	—	1,668,932
Issuance of common stock in lieu of payment of interest	270,757	180	107,327	—	—	—	107,507
Employee and director share-based compensation	—	—	46,328	—	—	—	46,328
LINICO dividends earned by AQMS not distributed	—	—	—	—	—	(46,092)	(46,092)
Net loss	—	—	—	(5,468,488)	—	(36,101)	(5,504,589)
BALANCE - June 30, 2023	105,876,509	70,393	354,384,981	(302,628,857)	(3,360,867)	2,624,841	51,090,491
Issuance of common stock	7,397,575	4,927	3,695,073	—	—	—	3,700,000
Payment to Northern Comstock LLC for mineral rights	963,074	641	481,859	—	—	—	482,500
Issuance of common stock for conversion of debt and accrued interest	2,818,714	1,877	1,166,066	—	—	—	1,167,943
Issuance of common stock in lieu of payment of interest	74,353	50	45,320	—	—	—	45,370
Employee and director share-based compensation (recapture)	—	—	(240,221)	—	—	—	(240,221)
LINICO dividends earned by AQMS not distributed	—	—	—	—	—	(47,528)	(47,528)
LINICO distribution to AQMS	—	—	—	—	—	(70,355)	(70,355)
Net income	—	—	—	12,364,975	—	1,376,189	13,741,164
BALANCE - September 30, 2023	117,130,225	$77,888	$359,533,078	$(290,263,882)	$(3,360,867)	$3,883,147	$69,869,364
BALANCE - January 1, 2024	117,862,081	$78,405	$363,889,245	$(282,329,611)	$(3,360,867)	$—	$78,277,172
Issuance of common stock	4,102,697	2,732	1,460,978	—	—	—	1,463,710
Common stock issuance costs	—	—	(225,120)	—	—	—	(225,120)
Issuance of common stock for stock issuance costs	250,000	167	84,833	—	—	—	85,000
Issuance of common stock for debt issuance costs	489,141	326	249,674	—	—	—	250,000
Issuance of common stock for conversion of debt and accrued interest	2,276,944	1,516	893,257	—	—	—	894,773
Issuance of common stock in lieu of payment of interest	239,609	160	116,443	—	—	—	116,603
Retirement of treasury shares (2,605,322 shares)	(2,605,322)	(1,735)	(3,359,132)	—	3,360,867	—	—
Employee and director share-based compensation	—	120	56,064	—	—	—	56,184
Non-controlling interest vesting of shares in subsidiary	—	—	(172,600)	—	—	172,600	—
Net loss	—	—	—	(6,901,412)	—	(16,908)	(6,918,320)
BALANCE - March 31, 2024	122,615,150	81,691	362,993,642	(289,231,023)	—	155,692	74,000,002
Issuance of common stock	15,548,944	10,356	3,739,644	—	—	—	3,750,000
Issuance of common stock for conversion of debt and accrued interest	12,244,556	8,155	3,398,706	—	—	—	3,406,861
Issuance of common stock in lieu of payment of interest	375,412	250	123,213	—	—	—	123,463
Issuance of common stock for marketing-related costs	561,010	374	162,319	—	—	—	162,693
Issuance of common stock for Haywood lease amendment	1,500,000	999	508,851	—	—	—	509,850
Issuance of common stock for AST lease amendment	4,975,000	3,313	1,583,712	—	—	—	1,587,025
Employee and director share-based compensation	—	—	43,149	—	—	—	43,149
Warrant modification associated with debt amendment	—	—	108,230	—	—	—	108,230
Net loss	—	—	—	(8,633,552)	—	(18,720)	(8,652,272)
BALANCE - June 30, 2024	157,820,072	105,138	372,661,466	(297,864,575)	—	136,972	75,039,001
Issuance of common stock	11,704,146	7,795	1,992,205	—	—	—	2,000,000
Payment to Northern Comstock LLC for mineral rights	2,920,702	1,945	480,555	—	—	—	482,500
Issuance of common stock for debt issuance costs	844,468	562	135,313	—	—	—	135,875
Issuance of common stock for conversion of debt and accrued interest	32,571,655	21,693	5,200,543	—	—	—	5,222,236
Issuance of common stock in lieu of payment of interest	773,745	516	143,659	—	—	—	144,175
Employee and director share-based compensation	—	—	43,149	—	—	—	43,149
Net loss	—	—	—	(14,968,015)	—	(26,568)	(14,994,583)
BALANCE - September 30, 2024	206,634,788	$137,649	$380,656,890	$(312,832,590)	$—	$110,404	$68,072,353

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.