XML 47 R34.htm IDEA: XBRL DOCUMENT

Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2019

The following table summarizes activity on the notes payable:

	March 31, 2019			December 31, 2018
Balance, beginning of the year	$	24,690		$	30,099
Accretion of discount on loans		526			2,040
Capitalized financing, extension and legal fees		(75	)		(125	)
Extension fee added to principal		75			125
Accretion of capitalized financing, extension and legal fees		265			262
Repayment of loans and interest		-			(7,711
Balance, end of the year	$	25,481		$	24,690

Current portion	$	25,481		$	24,690
Non-current portion	$	-		$	-

Schedule Of Amortization Of Discounts And Interest On Loans And Convertible Debentures [Table Text Block]

The following table summarizes the amortization of discount and interest on loans:

	Three Months Ended March 31,		Three Months Ended March 31,
	2019		2018
Accretion of the Clay Group Loan discount	$	526	$	490
Accretion of capitalized financing and legal fees		265		65
Amortization of deferred financing fees		655		-
Interest expense related to the Clay Group Loan		658		713
Interest expense related to the 2018 Credit Facility		180		-
Closing and commitment fees related to credit facilities		27		30
Interest expense related to Komatsu financial loans (1)		109		235
Accretion of discount and interest on loan	$	2,420	$	1,533

(1)

Komatsu is not a related party and has only been included in the above table to reconcile the total interest expense incurred for the period … to the amounts capitalized and expensed.

Schedule of Variable Interest Entities [Table Text Block]

The net assets of GQM LLC as at December 31, 2018 and 2017 are as follows:

	March 31, 2019			December 31, 2018
Assets, GQM LLC	$	176,635		$	171,334
Liabilities, GQM LLC		(24,782	)		(29,904	)
Net assets, GQM LLC	$	151,853		$	141,430

Schedule of Comprehensive Income Net of Tax Attributable To Noncontrolling Interest [Table Text Block]

The carrying value of the non-controlling interest is adjusted for net income and loss, distributions and contributions pursuant to ASC 810-10 based on the same percentage allocation used to calculate the initial book value of temporary equity.

	Three Months Ended March 31,			Three Months Ended March 31,
	2019			2018
Net and comprehensive income (loss) in GQM LLC	$	95		$	(7,294	)
Non-controlling interest percentage		50	%		50	%
Net and comprehensive income (loss) attributable to non-controlling interest	$	48		$	(3,646	)
Net and comprehensive income (loss) attributable to permanent non-controlling interest	$	29		$	(2,188	)
Net and comprehensive income (loss) attributable to temporary non-controlling interest	$	19		$	(1,458	)

Schedule Of Non-controlling Interest [Table Text Block]

	Permanent Non-Controlling Interest		Temporary Non-Controlling Interest
Carrying value of non-controlling interest, December 31, 2017	$	36,321	$	24,214
Capital contribution		10,000		-
Net and comprehensive income for the year		108		72
Carrying value of non-controlling interest, December 31, 2018	$	46,429	$	24,286
Net and comprehensive income for the period		29		19
Carrying value of non-controlling interest, March 31, 2019	$	46,458	$	24,305

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details