爱达荷战略资源公司2026年季度报告

IDAHO STRATEGIC RESOURCES, INC Idaho Strategic Resources, Inc.Condensed Consolidated Statements of Cash Flows (Unaudited) Table of Contents Idaho Strategic Resources, IncNotes to Condensed Consolidated Financial Statements (Unaudited) 1. The Company and Significant Accounting Policies These unaudited interim condensed consolidated financial statements have been prepared by the management of Idaho StrategicResources, Inc. (“IDR”, “Idaho Strategic” or the “Company”) in accordance with accounting principles generally accepted in theUnited States of America for interim financial information. Accordingly, they do not include all the information and footnotes required The preparation of financial statements in accordance with accounting principles generally accepted in the United States of Americarequires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assetsand liabilities known to exist as of the date the financial statements are published, and the reported amounts of revenues and expensesduring the reporting period. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of theCompany's consolidated financial statements; accordingly, it is possible that the actual results could differ from these estimates and For further information refer to the financial statements and footnotes thereto in the Company’s audited consolidated financialstatements for the year ended December 31, 2025, in the Company’s Form 10-K as filed with the Securities and Exchange Principles of ConsolidationThe condensed consolidated financial statements include the accounts of the Company and its majority-owned subsidiary, the New Jersey Mill Joint Venture (“NJMJV”). Intercompany accounts and transactions are eliminated. The portion of entities owned by otherinvestors is presented as non-controlling interests on the condensed consolidated balance sheets and statements of operations. Revenue RecognitionGold Revenue Recognition and Receivables-Sales of gold sold directly to customers are recorded as revenues and receivables uponcompletion of the performance obligations and transfer of control of the product to the customer. For concentrate sales, theperformance obligation is met, the transaction price can be reasonably estimated, and revenue is recognized generally at the time ofshipment at estimated forward prices for the anticipated month of settlement. Due to the time elapsed from shipment to the customerand the final settlement with the customer, prices at which sales of concentrates will be settled are estimated. Previously recorded sales Sales and accounts receivable for concentrate shipments are recorded net of charges by the customer for treatment, refining, smeltinglosses, and other charges negotiated with the customers. Charges are estimated upon shipment of concentrates based on contractualterms, and actual charges typically do not vary materially from estimates. Costs charged by customers include fixed costs per tonne of Other Revenue Recognition-Revenue from harvest of raw timber is recognized when the performance obligation under a contract andtransfer of the timber have both been completed. Sales of timber found on the Company’s mineral properties are not a part of normal InventoriesInventories are stated at the lower of full cost of production or estimated net realizable value based on current metal prices. Costs consist of mining, transportation, and milling costs including applicable overhead, depreciation, depletion, and amortization relating to Mine Exploration and Development CostsThe Company expenses exploration costs as such in the period they occur. The exploration stage occurs up until the point ore reserves are identified. The pre-development stage begins once the Company identifies ore reserves which is based on a determination whetheran ore body can be economically developed. Expenditures incurred during the pre-development stage are capitalized as deferreddevelopment costs and include such costs for drifts, ramps, and infrastructure. Costs to improve, alter, or rehabilitate primary Drilling, and related costs are either classified as exploration, pre-development or secondary development, as defined above, andcharged to operations as incurred, or capitalized, based on the following criteria: whether the costs are incurred to further define resources or exploration targets at and adjacent to existing reserve areas orintended to assist with mine planning within a reserve area;whether the drilling or development costs relate to an ore body that has been determined to be commercially mineable, anda decision has been made to put the ore body into commercial production; and If all of these criteria are met, drilling, development and related costs are capitalized. Drilling and development costs not meeting all ofthese criteria are expensed as incurred. The following factors are considered in