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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Mar. 31, 2013
Current assets    
Cash and cash equivalents $ 1,372 $ 1,024
Restricted cash 2,432  
Accounts receivable 4 6
Related party receivable 25 25
Other current assets 1,066 1,165
Total current assets 4,899 2,220
Noncurrent assets    
Land 399 380
Mineral properties 41,922 39,994
Equipment (net of accumulated depreciation of $184 and $132, respectively) 569 613
Deferred fees (Note 6) 7,751 7,751
Other long-term assets 219 104
Total noncurrent assets 50,860 48,842
Total assets 55,759 51,062
Current Liabilities    
Accounts payable 2,265 2,849
Accrued liabilities 3,125 11,758
Buffalo liability (Note 8) 9,200  
Grandhaven option 4,060 4,060
Current portion of long-term debt, (net of unamortized discount of $2,601 and nil, respectively) 2,899 122,032
Tax gross-up on note payable (Note 9) 1,164 6,226
Derivative warrant liabilities (Note 13) 4,505  
Total current liabilities 27,218 146,925
Noncurrent liabilities    
Tax gross-up on note payable (Note 9) 16,465  
Noncurrent portion of long-term debt, (net of unamortized discount of $30,278 and nil, respectively) 91,304  
Interest payable 10,001  
Other long-term liabilities 100  
Total noncurrent liabilities 117,870  
Total liabilities 145,088 146,925
Commitments and Contingencies (Note 15)      
SHAREHOLDERS' DEFICIT    
Preferred stock: $0.001 par value; 100,000,000 shares authorized; none outstanding      
Common stock: $0.001 par value; 300,000,000 shares authorized; 115,119,415 and 72,595,718 issued and outstanding at June 30, 2013 and March 31, 2013, respectively 115 73
Additional paid-in capital 40,599 35,641
Losses accumulated in the development stage (130,043) (131,577)
Total shareholders' deficit (89,329) (95,863)
Total liabilities and shareholders' deficit $ 55,759 $ 51,062