Comstock Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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, 2026 · Filed May 7, 2026
LODE$1.67-13.0%Stored close · as of Nov 10, 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 CASH FLOWS
| Three-Months Ended | ||
|---|---|---|
| March 31, | ||
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(9,383,417) | $(9,093,931) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 1,378,574 | 365,659 |
| Amortization of finance leases | 12,937 | 12,811 |
| Accretion of interest | 147,273 | — |
| Amortization of debt discount and other debt-related items | — | 214,298 |
| Accretion of reclamation liability | 120,269 | 109,915 |
| Interest expense paid with common stock | — | 142,422 |
| Research and development expense paid with common stock | — | 1,487,476 |
| Gain on extinguishment of liability | — | (845,000) |
| Loss on conversion of debt | — | 1,196,880 |
| Director share-based compensation | 321,659 | — |
| Change in fair value of derivative instruments | 722,015 | 1,190,803 |
| Share of net (income) loss of equity-method investments | 251,844 | (41,438) |
| Other | (12,079) | 175,943 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 976,365 | (378,808) |
| Prepaid expenses | (362,808) | (48,672) |
| Deposits | — | (60,000) |
| Other assets | 210,141 | (6,270) |
| Accounts payable | 1,017,380 | 339,379 |
| Accrued expenses and other liabilities | (963,786) | (606,943) |
| Deferred revenue | 250,917 | 757,958 |
| Flux Photon payable | (480,000) | — |
| Other liabilities | (30,442) | 125,000 |
| Net cash used in operating activities | (5,823,158) | (4,962,518) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Deposits paid on equipment | (2,024,149) | — |
| Purchase of mineral rights and properties, plant and equipment | (5,676,932) | (240,873) |
| Acquisition of intangible asset | — | (180,000) |
| Funding of RenFuel note receivable | — | (430,000) |
| Investment in Hexas SAFE Note | — | (366,667) |
| Advances in SSOF | (5,750,000) | — |
| Investment in SSOF | (2,000,000) | (300,000) |
| Payments on contractual commitments associated with derivatives | (129,000) | (120,000) |
| Proceeds received from contractual commitments associated with derivatives | 1,231,667 | — |
| Payment of reclamation bond deposit | (150,000) | (150,000) |
| Other | (34,122) | (28,790) |
| Net cash used in investing activities | (14,532,536) | (1,816,330) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from the issuance of common stock | 60,979,181 | — |
| Issuances of debt | — | 10,000,000 |
| Principal payments of debt | — | (100,000) |
| Common stock issuance costs | (4,606,575) | (145,000) |
| Principal payments on financing leases | (756) | (23,650) |
| Net cash provided by financing activities | 56,371,850 | 9,731,350 |
| Net increase (decrease) in cash and cash equivalents | 36,016,156 | 2,952,502 |
| Cash and cash equivalents at beginning of period | 16,951,645 | 954,271 |
| Cash and cash equivalents at end of period | $52,967,801 | $3,906,773 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Issuance of common stock for director compensation | $1,864,159 | $— |
| SSOF advances converted to equity investment | 15,150,000 | — |
| Deposits on equipment applied to property, plant and equipment | 7,465,610 | — |
| Recognition of Great Basin guaranty asset and liability | 475,000 | — |
| Recognition of operating lease liability and right of use asset | 698,863 | 3,548,557 |
| Issuance of common shares for debt conversion and accrued interest | — | 4,001,243 |
| Issuance of common stock for LINICO acquisition-related payable | — | 1,860,000 |
| Issuance of common stock for AST lease amendment | — | 2,482,200 |
| Acquisition of plant and equipment from Marathon SAFE Note | — | 12,000,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.