Comstock Inc.
For the period ended Jun 30, 2026. Filed Jul 23, 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.
Jun 30, 2026 · Filed Jul 23, 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
| Six-Months Ended | ||
|---|---|---|
| June 30, | ||
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(34,851,818) | $(16,920,874) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 2,399,334 | 992,498 |
| Amortization of finance leases | 13,342 | 25,621 |
| Accretion of interest | 369,011 | — |
| Amortization of debt discount and other debt-related items | — | 485,853 |
| Accretion of reclamation liability | 243,330 | 222,302 |
| Interest expense paid with common stock | — | 284,526 |
| Research and development expense paid with common stock | — | 1,487,476 |
| Gain on extinguishment of liability | — | (845,000) |
| Loss on conversion of debt | — | 3,330,831 |
| Loss on intangible assets impairment | 13,648,042 | — |
| Loss on property, plant and equipment impairment | 1,736,481 | — |
| Loss on sale of note receivable | 403,217 | — |
| Loss on investment impairment | 1,031,371 | — |
| Director share-based compensation | 531,765 | — |
| Employee share-based compensation | 116,566 | — |
| Change in fair value of derivative instruments | (875,823) | (1,677,373) |
| Change in fair value of SAFE Note | (1,100,000) | — |
| Share of net (income) loss of equity-method investments | 288,560 | (17,438) |
| Other | (33,342) | 336,926 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (52,792) | 1,502,064 |
| Prepaid expenses | (167,633) | 65,099 |
| Deposits | — | (217,500) |
| Other assets | 413,848 | (454,973) |
| Accounts payable | (101,459) | 973,634 |
| Accrued expenses and other liabilities | (754,519) | (247,712) |
| Deferred revenue | 1,746,655 | 983,333 |
| Flux Photon payable | (840,000) | — |
| Other liabilities | (88,053) | (88,478) |
| Net cash used in operating activities | (15,923,917) | (9,779,185) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of properties, plant and equipment | (7,004,863) | (709,572) |
| Escrow deposit paid on Great Basin Guaranty | (1,500,000) | — |
| Acquisition of intangible asset | — | (300,000) |
| Funding of RenFuel note receivable | — | (800,000) |
| Investment in Hexas SAFE Note | — | (765,334) |
| Advances to SSOF | (5,750,000) | — |
| Investment in SSOF | (13,640,000) | (650,000) |
| Proceeds from the sale of note receivable | 500,000 | — |
| Payments on contractual commitments associated with derivatives | (129,000) | (230,000) |
| Proceeds received from non-refundable deposit | 150,000 | — |
| Proceeds received from contractual commitments associated with derivatives | 1,740,619 | — |
| Payment of reclamation bond deposit | (300,000) | (300,000) |
| Other | (58,832) | (63,788) |
| Net cash used in investing activities | (25,992,076) | (3,818,694) |
COMSTOCK INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
|---|---|---|
| Proceeds from the issuance of common stock | 60,979,181 | 1,500,000 |
| Issuances of debt | — | 10,000,000 |
| Principal payments of debt | — | (100,000) |
| Common stock issuance costs | (4,606,575) | (145,000) |
| Proceeds from the issuance of equity in subsidiary | — | 20,000,000 |
| Principal payments on financing leases | (3,023) | (23,650) |
| Net cash provided by financing activities | 56,369,583 | 31,231,350 |
| Net increase (decrease) in cash and cash equivalents | 14,453,590 | 17,633,471 |
| Cash and cash equivalents at beginning of period | 16,951,645 | 954,271 |
| Cash and cash equivalents at end of period | $31,405,235 | $18,587,742 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| SSOF advances converted to equity investment | $15,150,000 | $— |
| SSOF accrued interest converted to equity investment | 237,415 | — |
| Issuance of common stock for Flux Photon liability | 6,055,000 | — |
| Issuance of common stock for director compensation | 2,074,615 | — |
| Deposits on equipment applied to property, plant and equipment | 9,595,828 | — |
| 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 |
| Right-of-use asset applied to property, plant and equipment | 824,111 | — |
| Intangible asset acquired with common stock issued for Flux Photon amendment | — | 5,780,000 |
| Intangible asset acquired with derivative liability for Flux Photon amendment | — | 5,087,000 |
| Issuance of common stock for Haywood lease amendment | — | 700,000 |
| Intangible asset acquired with payable | — | 4,468,617 |
| Issuance of common shares for debt conversion and accrued interest | — | 10,739,742 |
| Intangible asset acquired with issuance of equity in subsidiary | — | 5,280,000 |
| Fair value of common stock held by AST transferred to accounts receivable | — | 722,361 |
| 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.