10-Q SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
We have the following segments and reporting units: production and sale of renewable energy products and strategic and other investments.
Summarized financial information relating to our reportable segments is provided below. Certain amounts have been reclassified to conform to the current period presentation, most notably to reclassify our historical activities to our all other segment. We have created a new operating segment, renewable energy products, which includes our new technologies and the resulting renewable energy products. Our strategic and other investments segment includes all other activities, including real estate, mining, equity method investments and general corporate costs. Strategic and other investments revenue is from real estate activities.
At December 31, 2021:Renewable Energy Products:Strategic and Other InvestmentsInter-segment EliminationTotal
Revenue:
Revenue from external customers$634,042 228,123 $— $862,165 
Inter-segment revenue371,900 — (371,900)— 
Total segment revenue1,005,942 228,123 (371,900)862,165 
Costs of goods sold:
Costs of goods sold257,351 14,731 — 272,082 
Inter-segment eliminations— — — 
Total costs of goods sold257,351 14,731 — 272,082 
Gross Profit748,591 213,392 (371,900)590,083 
Operating expenses
Depreciation and amortization567,520 466,966 — 1,034,486 
Other operating expenses1,982,666 4,350,752 (371,900)5,961,518 
Total costs and expenses2,550,186 4,817,718 (371,900)6,996,004 
Loss from Operations(1,801,595)(4,604,326)— (6,405,921)
Other income (expense)
Gain (loss) on investments— (2,244,951)— (2,244,951)
Interest expense(72,194)(163,651)66,964 (168,881)
Interest income3,897 1,081,014 (66,964)1,017,947 
Change in fair value of derivative instruments— (13,155,946)— (13,155,946)
Equity loss in affiliates— (2,049,070)— (2,049,070)
Impairment of goodwill and intangible assets(6,394,610)— — (6,394,610)
Other income (expenses)(6,328,429)5,398,136 — (930,293)
Total other income (expense), net(12,791,336)(11,134,468)— (23,925,804)
Net income (loss) (14,592,931)(15,738,794)— (30,331,725)
Deferred income tax benefit1,514,303 4,233,802 — 5,748,105 
Net income (loss) attributable to Comstock Mining Inc$(13,078,628)$(11,504,992)$— $(24,583,620)
Capital Expenditures:$78,467 $— $— $78,467 
Total Assets:$43,001,837 $83,952,795 $— $126,954,632 
Investments$8,804,587 $17,046,292 $— $25,850,879 
Goodwill$12,788,671 $— $— $12,788,671 
At December 31, 2020Renewable Energy Products:Strategic and Other InvestmentsInter-segment EliminationTotal
Revenue:
Revenue from external customers$— $201,700 $— $201,700 
Inter-segment revenue— — — — 
Total segment revenue— 201,700 — 201,700 
Costs of Goods Sold:
Costs of Goods Sold— 51,890 — 51,890 
Inter-segment eliminations— — — 
Total costs of goods sold— 51,890 — 51,890 
Gross Profit— 149,810 — 149,810 
Operating expenses
Depreciation and amortization— 1,222,438— 1,222,438 
Other operating expenses— 4,401,633— 4,401,633 
Total costs and expenses— 5,624,071— 5,624,071 
Loss from Operations— -5,474,261— (5,474,261)
Other income (expense)
Gain (loss) on investments— 3,152,702— 3,152,702 
Gain on sale of membership interest in Comstock Mining LLC— 18,275,846— 18,275,846 
Changes in estimated fair value of contingent forward asset— 765,880— 765,880 
Interest expense— (421,887)— (421,887)
Interest income— 473,681— 473,681 
Change in fair value of derivative instruments— 427,838— 427,838 
Equity loss in affiliates— (2,131)— (2,131)
Impairment of goodwill and intangible assets— — — — 
Other income (expenses)— (2,265,698)— (2,265,698)
Total other income (expense), net— 20,406,231 — 20,406,231 
Net income (loss)— 14,931,970 — 14,931,970 
Deferred income tax benefit— 0— — 
Net income (loss) attributable to Comstock Mining Inc$— $14,931,970 $— $14,931,970 
Capital Expenditures:$— $130,750 $— $130,750 
Total Assets:$— $43,123,562 $— $43,123,562 
Investments$— $3,272,597 $— $3,272,597 
Goodwill$— $— $— $— 
Prior to December 30, 2021, RPS other services revenue of $905,942 were recognized for LINICO prior to our acquisition. Of this amount, $371,900 was considered intersegment revenue and was eliminated in consolidation. RPS's revenue is included in the Renewable Energy Products segment.
SEGMENT REPORTING
We have the following segments and reporting units: production and sale of renewable energy products and strategic and other investments.
Summarized financial information relating to our reportable segments is provided below. Certain amounts have been reclassified to conform to the current period presentation, most notably to reclassify our historical activities to our strategic and other investments segment. Our renewable energy products segment includes our new technologies and the resulting renewable energy products. Our strategic and other investments segment includes all other activities,
including real estate, mining, equity method investments and general corporate costs. Strategic and other investments revenue is from real estate activities.
For the Three Month Period Ended March 31, 2022:Renewable Energy Products:Strategic and Other InvestmentsInter-segment EliminationTotal
Revenue:
Revenue from external customers$— 54,625 $— $54,625 
Inter-segment revenue877,974 — (877,974)— 
Total segment revenue877,974 54,625 (877,974)54,625 
Gross Profit205,543 54,625 (205,543)54,625 
Operating expenses
Depreciation and amortization400,083 444,446 — 844,529 
Operating expenses1,871,893 1,931,834 (205,543)3,598,184 
Total operating expenses2,271,976 2,376,280 (205,543)4,442,713 
Loss from Operations(2,066,433)(2,321,655)— (4,388,088)
Other income (expense)
Gain (loss) on investments— 351,624 — 351,624 
Interest expense(265,407)(129,113)69,796 (324,724)
Interest income1,616 425,041 (69,796)356,861 
Change in fair value of derivative instruments— 3,065,000 — 3,065,000 
Equity loss in affiliates— (266,903)— (266,903)
Impairment of investment and assets(54,587)(4,422,302)— (4,476,889)
Other expenses(56,889)(807,015)— (863,904)
Total other expense, net(375,267)(1,783,668)— (2,158,935)
Net loss(2,441,700)(4,105,323)— (6,547,023)
Capital expenditures for three months ended March 31, 2022$— $782,500 $— $782,500 
Total assets at March 31, 2022$43,096,560 $72,022,833 $— $115,119,393 
Investments, non-current at March 31, 2022$4,517,710 $14,383,346 $— $18,901,056 
Goodwill at March 31, 2022$12,788,671 $— $— $12,788,671 
Construction in progress at March 31, 2022$4,020,473 $— $— $4,020,473 
For the Three Month Period Ended March 31, 2021Renewable Energy Products:Strategic and Other InvestmentsInter-segment EliminationTotal
Revenue:
Revenue from external customers$— $48,500 $— $48,500 
Gross Profit— 48,500 — 48,500 
Operating expenses
Depreciation and amortization— 115,968— 115,968 
Operating expenses — (465,226)— (465,226)
Total operating expenses— (349,258)— (349,258)
Income from Operations— 397,758— 397,758
Other income (expense)
Gain (loss) on investments— (706,911)— (706,911)
Interest expense— (144,829)— (144,829)
Interest income— 155,473— 155,473 
Change in fair value of derivative instruments— 7,487,249— 7,487,249 
Equity loss in affiliates— (31,454)— (31,454)
Impairment of investment and assets— — — — 
Other income, net— 1,030,945 — 1,030,945 
Total other income, net— 7,790,473 — 7,790,473 
— 
Net income— 8,188,231 — 8,188,231 
— 
Capital expenditures for three months ended March 31, 2021$— $40,750 $— $40,750 
Total assets at December 31, 2021$43,001,837 $83,952,795 $— $126,954,632 
Investments, non-current at December 31, 2021$8,804,587 $17,046,292 $— $25,850,879 
Goodwill at December 31, 2021$12,788,671 $— $— $12,788,671 
Construction in progress at December 31, 2021$3,219,607 $— $— $3,219,607