Comstock Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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.
Sep 30, 2026 · Filed Nov 4, 2026
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 BALANCE SHEETS
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $39,454,853 | $16,951,645 |
| Accounts receivable | 666,313 | 1,287,722 |
| Assets held for sale (Note 5) | 7,058,933 | — |
| Derivative assets (Note 12) | — | 1,960,796 |
| Prepaid expenses and other current assets | 558,784 | 457,816 |
| Total current assets | 47,738,883 | 20,657,979 |
| Non-current Assets: | ||
| Restricted cash (Note 9) | 4,000,000 | — |
| Investments (Note 3) | 71,495,045 | 39,505,436 |
| Properties, plant and equipment, net (Note 5) | 30,100,325 | 29,886,209 |
| Mineral rights and properties (Note 2) | — | 11,980,716 |
| Deposits | 402,696 | 8,002,643 |
| Reclamation bond deposit | 205,625 | 3,996,174 |
| Long-term receivable, notes receivable and advances (Note 4) | 5,930,365 | 10,313,754 |
| Intangible assets, net and goodwill (Note 6) | 10,800,376 | 26,450,542 |
| Finance lease - right of use asset, net (Note 8) | 18,074 | 836,921 |
| Operating lease - right of use asset, net (Note 8) | 11,050,272 | 17,704,775 |
| Other assets | 744,489 | 269,488 |
| TOTAL ASSETS | $182,486,150 | $169,604,637 |
COMSTOCK INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $2,563,060 | $2,269,912 |
| Accrued expenses and other liabilities (Note 7) | 4,762,863 | 4,848,299 |
| Deferred revenue (Note 13) | 4,663,458 | 2,166,517 |
| Operating lease - right of use lease liability (Note 8) | 1,020,096 | 540,542 |
| Derivative liabilities (Note 12) | 1,097,813 | — |
| Deferred liabilities | 317,353 | 199,695 |
| Total current liabilities | 14,424,643 | 10,024,965 |
| Long-term Liabilities: | ||
| Operating lease - right of use lease liability (Note 8) | 11,094,530 | 18,172,659 |
| Deferred revenue (Note 13) | 1,837,494 | 1,887,500 |
| Marathon Simple Agreement for Future Equity (“SAFE”) Note (Note 12) | 10,900,000 | 12,000,000 |
| Flux Photon payable (Note 16) | 2,347,324 | 7,923,888 |
| Other liabilities | 1,064,664 | 2,206,420 |
| Reclamation liability | 49,446 | 6,488,215 |
| Finance lease - right of use lease liability (Note 8) | 15,780 | — |
| TOTAL LIABILITIES | 41,733,881 | 58,703,647 |
| COMMITMENTS AND CONTINGENCIES (Notes 9 and 16) | ||
| Stockholders' Equity: | ||
| Preferred stock $0.000666 par value, 50,000,000 shares authorized, no shares outstanding | — | — |
| Common stock, $0.000666 par value, 245,000,000 shares authorized, 75,993,047 and 51,853,490 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively | 193,103 | 177,026 |
| Additional paid-in capital | 551,570,927 | 486,130,452 |
| Accumulated deficit | (414,332,781) | (378,727,508) |
| Total equity - Comstock Inc. | 137,431,249 | 107,579,970 |
| Non-controlling interest | 3,321,020 | 3,321,020 |
| Total stockholders' equity | 140,752,269 | 110,900,990 |
| TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | $182,486,150 | $169,604,637 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.