XML 18 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Consolidated Net loss $ (8,071) $ (8,088) $ (16,123)
Adjustments to reconcile net loss to net cash used by operating activities:      
Depreciation and amortization 265 237 251
Non-cash interest expense 205 224 367
Income realized on lease of water rights (16)    
Stock-based compensation for employees and directors 165 365 (40)
Decrease in deposits, prepaid expenses and other (25) 61 548
Increase(decrease) in accounts payable and accrued liabilities (846) (1,400) (2,445)
Increase(decrease) in post closure reclamation and remediation costs 11 317 (162)
Loss on Termination of Power Transmission Contract     218
Loss on Extinguishment of Senior Convertible Promissory Notes     971
Net cash used by operating activities (8,312) (8,284) (16,415)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase and development of mining properties, land and water rights (1,929) (2,133) (3,620)
Deposits on property, plant and equipment (612) (1,553) (11,473)
Decrease in restricted cash 3,284 8,436 29,961
Net cash used by investing activities 743 4,750 14,868
CASH FLOWS FROM FINANCING ACTIVITIES:      
Stock proceeds, net of issuance costs 5,940 (61) 3,813
Cash contributions returned to POS-Minerals   (828) (2,268)
Repayment of Long-Term Debt (165) (154) (220)
Net cash used by financing activities: 5,775 (1,043) 1,325
Net (decrease) in cash and cash equivalents (1,794) (4,577) (222)
Cash and cash equivalents, beginning of period 8,470 13,047 13,269
Cash and cash equivalents, end of period 6,676 8,470 13,047
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for interest (942) (961) (1,100)
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Equity compensation capitalized as development 51 35 155
Accrued portion of advance royalties 1,000 500 500
Conversion of Senior Convertible Promissory Notes     (2,488)
Non-Convertible Senior Promissory Notes Issued     1,340
Return of Contributions Payable to POS-Minerals     36,000
Reduction in Return of Contributions payable to POS-Minerals     (2,116)
Write off of debt issuance costs     (115)
Noncash change in deposits on property, plant and equipment $ 37 $ (7) $ 74