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 STATEMENTS OF OPERATIONS
| Three-Months Ended · Nine-Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $556,383 | $760,721 | $1,417,158 | $826,796 |
| Operating Expenses: | ||||
| Selling, general and administrative expenses | 3,176,373 | 3,140,080 | 9,496,719 | 10,025,904 |
| Research and development | 1,440,367 | 1,394,860 | 4,880,847 | 4,426,543 |
| Depreciation and amortization | 562,456 | 676,779 | 1,875,151 | 2,012,701 |
| Impairment of intangible assets | 8,667,869 | — | 8,667,869 | — |
| Impairment of properties, plant and equipment | 324,047 | — | 324,047 | — |
| Gain on sale of Facility | — | (7,126,377) | — | (7,304,570) |
| Total operating expenses | 14,171,112 | (1,914,658) | 25,244,633 | 9,160,578 |
| Income (loss) from operations | (13,614,729) | 2,675,379 | (23,827,475) | (8,333,782) |
| Other Income (Expense) | ||||
| Gain on investments | — | 14,074,875 | — | 13,309,875 |
| Interest expense | (696,996) | (320,815) | (2,298,098) | (1,312,154) |
| Interest income | 81,015 | 73,067 | 220,587 | 179,942 |
| Change in fair value of derivative instruments | 1,350,370 | (2,369,176) | 516,756 | (105,964) |
| Gain (loss) on conversion of debt | (2,218,694) | 289,512 | (3,690,760) | 51,856 |
| Loss on debt extinguishment | (222,634) | — | (744,256) | — |
| Other income (expense) | 327,085 | (681,678) | (741,929) | (1,234,940) |
| Total other income (expense), net | (1,379,854) | 11,065,785 | (6,737,700) | 10,888,615 |
| Net income (loss) | (14,994,583) | 13,741,164 | (30,565,175) | 2,554,833 |
| Net income (loss) attributable to noncontrolling interest | (26,568) | 1,376,189 | (62,196) | 1,327,283 |
| Net income (loss) attributable to Comstock Inc. | $(14,968,015) | $12,364,975 | $(30,502,979) | $1,227,550 |
| Earnings per Share - Basic: | ||||
| Net income (loss) per share - basic | $(0.08) | $0.11 | $(0.20) | $0.01 |
| Earnings per Share - Diluted: | ||||
| Net income (loss) per share - diluted | $(0.08) | $0.11 | $(0.20) | $0.01 |
| Weighted average common shares outstanding, basic | 187,868,997 | 109,093,289 | 149,430,981 | 101,853,484 |
| Weighted average common shares outstanding, diluted | 187,868,997 | 110,356,870 | 149,430,981 | 101,996,145 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.