Prepaid expenses and other assets

6 Months Ended

Jun. 30, 2014

Prepaid expenses and other assets

Prepaid expenses and other assets

4.   Prepaid expenses and other assets

Prepaid expenses and other current assets consist of the following:

	June 30,		December 31,
	2014		2013
	(in thousands)
Prepaid insurance	$	452	$	687
Prepaid contractor fees and vendor advances	198		193
Taxes receivable	83		96
Recoupable deposits and other	190		115
	$	923	$	1,091

June 30, 2014

The prepaid contractor fees and vendor advances consist of advance payments made to equipment manufacturers, contractors and suppliers primarily at the Company’s Velardeña Properties in Mexico.

December 31, 2013

The prepaid contractor fees and vendor advances consist of advance payments made to contractors and suppliers primarily at the Company’s Velardeña Properties in Mexico.

In addition, included in non-current assets at December 31, 2013 is approximately $30,000 of prepaid insurance on which amortization will be recognized through 2014.