DISCONTINUED OPERATIONS AND PREFERRED STOCK ISSUANCE (Tables)

3 Months Ended

Mar. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule of assets and liabilities associated with the mining segment

Presented below are the assets and liabilities associated with the Company’s mining segment as of March 31, 2016 and December 31, 2015:

	2016		2015
Assets retained by the Company:
Performance bonds and refundable deposits	$	135	$	114
Net assets conveyed to Purchaser:
Undeveloped mining claims		-		21,942
Mining equipment		-		1,774
Less accumulated depreciation of mining equipment		-		(892	)
Less write-down due to impairment		-		(22,620	)
Net book value of assets conveyed		-		204
Total assets of discontinued operations	$	135	$	318
Asset retirement obligations assumed by Purchaser	$	-	$	204

Schedule of components of discontinued operations

The results of operations of the discontinued mining operations are presented separately in the accompanying financial statements. Presented below are the components for the three months ended March 31, 2016 and 2015:

	2016			2015
Issuance of preferred stock to induce dispostion	$	(1,999	)	$	-
Operating expenses of mining segment:
Water treatment plant		(211	)		(458	)
Mine property holding costs		(117	)		(295	)
Depreciation of mine equipment		-			(31	)
Total results for discontinued operations	$	(2,327	)	$	(784	)