Comstock Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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, 2025 · Filed May 8, 2025
LODE$1.92-1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three-Months Ended | ||
|---|---|---|
| March 31, | ||
| 2025 | 2024 | |
| Revenue | $785,815 | $425,951 |
| Cost of goods sold | 886,796 | — |
| Operating Expenses: | ||
| Selling, general and administrative expenses | 3,258,465 | 3,527,524 |
| Research and development | 3,303,918 | 892,013 |
| Depreciation and amortization | 375,384 | 655,977 |
| Total operating expenses | 6,937,767 | 5,075,514 |
| Loss from operations | (7,038,748) | (4,649,563) |
| Other Income (Expense): | ||
| Interest expense | (659,144) | (818,661) |
| Interest income | 96,109 | 74,491 |
| Change in fair value of derivative instruments | (1,190,803) | (756,118) |
| Loss on conversion of debt | (1,196,880) | (193,523) |
| Gain on extinguishment of liability | 845,000 | — |
| Other income (expense) | 50,535 | (574,946) |
| Total other income (expense), net | (2,055,183) | (2,268,757) |
| Net loss | (9,093,931) | (6,918,320) |
| Net loss attributable to noncontrolling interest | — | (16,908) |
| Net loss attributable to Comstock Inc. | $(9,093,931) | $(6,901,412) |
| Earnings per Share - Basic and Diluted: | ||
| Net loss per share - basic and diluted | $(0.37) | $(0.59) |
| Weighted average common shares outstanding, basic and diluted | 24,266,290 | 11,713,505 |
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