Idaho Strategic Resources Inc 2026年季度报告

FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ____________ Commission File No. 001-41320 IDAHO STRATEGIC RESOURCES, INC (Name of small business issuer in its charter) 201 N. Third Street, Coeur d’Alene, ID 83814(Address of principal executive offices) (zip code) (208) 625-9001Registrant’s telephone number, including area code Securities registered pursuant to Section 12(b) of the Act:Name of Each Exchange on Which Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months(or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, everyInteractive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smallerreporting company” and “emerging growth company” in Rule12b-2 of the Exchange Act: If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicated by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes☐No☒ APPLICABLE ONLY TO CORPORATE ISSUERS: At May 1, 2026, 15,809,859 shares of the registrant’s common stock were outstanding. TABLE OF CONTENTS PART I -FINANCIAL INFORMATION ITEM 1. Financial Statements3ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations15ITEM 3. Quantitative and Qualitative Disclosures about Market Risk18ITEM 4. Controls and Procedures18 PART II OTHER INFORMATION ITEM 1. Legal Proceedings19ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds19ITEM 3. Defaults Upon Senior Securities19ITEM 4. Mine Safety Disclosures19ITEM 5. Other Information19ITEM 6. Exhibits20 PART I - FINANCIAL INFORMATION Idaho Strategic Resources, Inc.Condensed Consolidated Statements of Operations (Unaudited)For the Three-Month Periods Ended March 31, 2026 and 2025 Idaho Strategic Resources, Inc.Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited)For the Three-Month Periods Ended March 31, 2026 and 2025 Idaho Strategic Resources, Inc.Condensed Consolidated Statements of Cash Flows (Unaudited)For the Three-Month Periods Ended March 31, 2026 and 2025 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 requiredby generally accepted accounting principles for complete consolidated financial statements. In the opinion of the Company’smanagement, all adjustments (consisting of only normal recurring accruals) considered necessary for a fair statement of the interimcondensed consolidated financial statements have been included. 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 andassumptions, which could have a material effect on the reported amounts of the Company's consolidated financial position and resultsof operations. Operating results for the three-month periods ended March 31, 2026, are not necessarily indicative of the results thatmay be expected fo