Accounts Payable and Other Accrued Liabilities

9 Months Ended

Sep. 30, 2016

Accounts Payable and Other Accrued Liabilities

Accounts Payable and Other Accrued Liabilities

9.     Accounts Payable and Other Accrued Liabilities

The Company’s accounts payable and other accrued liabilities consist of the following:

	September 30,		December 31,
	2016		2015
	(in thousands)
Accounts payable and accruals	$	448	$	599
Accrued employee compensation and benefits		958		545
	$	1,406	$	1,144

September 30, 2016

Accounts payable and accruals at September 30, 2016 are primarily related to amounts due to contractors and suppliers in the amounts of $0.3 million and $0.2 million related to the Company’s Velardeña Properties and corporate administrative activities, respectively.  In the case of the Velardeña Properties, amounts due also include a net VAT payable of approximately $0.2 million.

Accrued employee compensation and benefits at September 30, 2016 consist of $0.2 million of accrued vacation payable and $0.7 million related to withholding taxes and benefits payable, of which $0.3 million is related to activities at the Velardeña Properties.

December 31, 2015

Accounts payable and accruals at December 31, 2015 consist primarily of $0.3 million due to contractors and suppliers and $0.3 million related to the Company’s Velardeña Properties and corporate administrative activities, respectively.  In the case of the Velardeña Properties, amounts due also include a VAT payable that is not an offset to the VAT receivable.

Accrued employee compensation and benefits at December 31, 2015 consist of $0.1 million of accrued vacation payable and $0.4 million related to withholding taxes and benefits payable, of which $0.2 million is related to activities at the Velardeña Properties.