| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 52,967,801 | 16,951,645 | 31,712,352 | 18,587,742 |
| Accounts receivable | 311,600 | 1,287,722 | 1,803,519 | 3,221,544 |
| Derivative assets (note 11) | 136,114 | 1,960,796 | 845,796 | 617,167 |
| Assets held for sale (note 5) | 22,732,293 | 0 | 0 | 0 |
| Prepaid expenses and other current assets | 819,720 | 457,816 | 764,604 | 566,490 |
| Total current assets | 76,967,528 | 20,657,979 | 35,126,271 | 22,992,943 |
| Investments (note 3) | 56,403,592 | 39,505,436 | 40,489,436 | 40,318,770 |
| Mineral rights and properties (note 5) | 730,597 | 11,980,716 | 11,980,716 | 11,980,716 |
| Properties, plant and equipment, net (note 5) | 36,096,380 | 29,886,209 | 27,339,827 | 27,262,260 |
| Deposits - equipment | 2,561,182 | 8,002,643 | 5,890,028 | 592,500 |
| Reclamation bond deposit | 74,711 | 3,996,174 | 3,810,152 | 3,623,302 |
| Notes receivable and advances (note 4) | 913,754 | 10,313,754 | 5,930,291 | 3,230,291 |
| Intangible assets, net (note 6) | 23,962,994 | 24,943,388 | 25,416,064 | 26,163,016 |
| Goodwill (note 6) | 1,507,154 | 1,507,154 | NaN | NaN |
| Finance lease - right of use asset, net (note 8) | 18,927 | 836,921 | 3,049,731 | 3,062,541 |
| Operating lease - right of use asset, net (note 8) | 18,152,226 | 17,704,775 | 16,026,043 | 7,982,457 |
| Other assets | 744,488 | 269,488 | 1,232,525 | 1,008,161 |
| Total non-current assets | 141,166,005 | 148,946,658 | 141,164,813 | 125,224,014 |
| Total assets | 218,133,533 | 169,604,637 | 176,291,084 | 148,216,957 |
| Accounts payable | 3,283,958 | 2,269,912 | 2,783,718 | 4,068,736 |
| Accrued expenses and other liabilities (note 7) | 3,726,467 | 4,848,299 | 3,821,486 | 4,291,849 |
| Deferred liabilities | NaN | 199,695 | NaN | NaN |
| Debt, net (note 11) | NaN | 0 | 0 | 1,783,064 |
| Deferred revenue (note 13) | 2,417,434 | 2,166,517 | 1,905,716 | 1,440,194 |
| Finance lease - right of use lease liability (note 10) | NaN | 0 | 0 | 0 |
| Liabilities held for sale (note 5) | 6,651,319 | NaN | NaN | NaN |
| Operating lease - right of use lease liability (note 8) | 795,580 | 540,542 | NaN | NaN |
| Deferred liabilities | 199,695 | NaN | 5,297,789 | 3,777,000 |
| Total current liabilities | 17,074,453 | 10,024,965 | 13,808,709 | 15,360,843 |
| Reclamation liability | 16,760 | 6,488,215 | 6,370,654 | 6,255,720 |
| Finance lease - right of use lease liability (note 8) | 17,039 | NaN | NaN | NaN |
| Operating lease - right of use lease liability (note 8) | 18,645,653 | 18,172,659 | 16,569,053 | 8,343,588 |
| Debt, net | NaN | NaN | NaN | 8,390,000 |
| Deferred revenue (note 7) | 1,870,830 | 1,887,500 | 1,904,167 | 950,000 |
| Convertible debt, noncurrent | 12,000,000 | 12,000,000 | 11,100,000 | 12,000,000 |
| Debt, net (note 11) | NaN | 0 | 0 | NaN |
| Flux photon payable (note 14) | 7,826,462 | 7,923,888 | NaN | NaN |
| Other liabilities | 927,998 | 2,206,420 | 4,848,252 | 5,055,212 |
| Total long-term liabilities | 41,304,742 | 48,678,682 | 40,792,126 | 40,994,520 |
| Total liabilities | 58,379,195 | 58,703,647 | 54,600,835 | 56,355,363 |
| Common stock, 0.000666 par value, 245,000,000 shares authorized, 74,099,140 and 51,853,490 shares issued and outstanding at march 31, 2026 and december 31, 2025, respectively | 191,842 | 177,026 | 176,634 | 164,081 |
| Additional paid-in capital | 544,352,401 | 486,130,452 | 483,673,870 | 440,969,432 |
| Accumulated deficit | -388,110,925 | -378,727,508 | -365,460,275 | -352,571,939 |
| Total equity - comstock inc | 156,433,318 | 107,579,970 | 118,390,229 | 88,561,574 |
| Non-controlling interest | 3,321,020 | 3,321,020 | 3,300,020 | 3,300,020 |
| Total stockholders' equity | 159,754,338 | 110,900,990 | 121,690,249 | 91,861,594 |
| Total liabilities & stockholders' equity | 218,133,533 | 169,604,637 | 176,291,084 | 148,216,957 |
Comstock Inc. (LODE)
Comstock Inc. (LODE)