v3.3.0.814

Statements of Operations - USD ($)	6 Months Ended
Statements of Operations - USD ($)	Jun. 30, 2015	Jun. 30, 2014
REVENUE:
Exploration services income	$ 175,752	$ 46,255
Operating Expenses
Exploration services expense	126,194	42,050
Other exploration expenditures	196,103	56,792
Impairment of mineral interests	119,000
General and administrative expenses	190,127	185,213
Total Operating Expenses	631,424	284,055
Loss from Operations	(455,672)	(237,800)
Net Loss	$ (455,672)	$ (237,800)
Net Loss per Common Share
Basic and diluted (in Dollars per share)	$ (0.03)	$ (0.03)
Weighted average number of common shares outstanding
Basic and diluted (in Shares)	13,318,272	8,765,064

Cost incurred related to mineral exploration or recovery or for the purpose of supporting production.

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Revenue from mineral related services including transportation, and other supporting contractor services, during the reporting period.

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The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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Exploration expenses (including prospecting) related to the mining industry would be included in operating expenses. Exploration costs include costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of mineral reserves.

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The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.

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Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.

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The net result for the period of deducting operating expenses from operating revenues.

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Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).

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Idaho North Resources Corp. 10-K