XML 27 R14.htm IDEA: XBRL DOCUMENT v3.22.2
Other Liabilities
 6 Months Ended
Jun. 30, 2022
Other Liabilities Disclosure [Abstract]  
Other Liabilities Other Liabilities
The following table summarizes the components of current and non-current portions of Other liabilities (dollars in thousands):
June 30,
2022		December 31,
2021
Other liabilities, current
Accrued compensation$1,516 $2,641 
Salary continuation payments245 935 
Restricted stock units650 714 
Non-refundable option payment received for Assets held for sale
630 — 
Deferred payroll tax liability471 471 
Excise tax liability— 268 
Accrued directors’ fees22 15 
Total$3,534 $5,044 
Other liabilities, non-current
Finance lease liability$234 $286 
Operating lease liability29 53 
Total$263 $339 
Excise tax liability
A new mining excise tax applied to gross proceeds became effective on July 1, 2021, following the passing of Assembly Bill 495 at the Nevada Legislative Session ended on May 31, 2021. The new excise tax is a tiered tax applicable to gross revenues exceeding $20.0 million each year, with a highest rate of 1.1%. The first payment was made in April 2022 with respect to revenues earned in 2021.

The bill does not take into consideration expenses or costs incurred to generate gross proceeds. Therefore, this tax will be treated as a gross receipts tax and not as a tax based on income. As a result, this new tax will be reported as a component of
Cost of sales and not as income tax expense. As of June 30, 2022, the Company has not reached $20.0 million in sales revenue and it does not expect to reach $20.0 million in revenue during 2022 and as such has not accrued an amount related to the annual excise tax.
Non-refundable option payment received for Assets held for sale
As discussed in Note 7 - Assets held for sale, the Company received a non-refundable option payment of $0.6 million towards the sale of a dual pinion ball mill included in equipment not in use within Assets held for sale. The non-refundable option payment was accounted for as a contract liability and will remain a contract liability until the Company transfers title to the purchaser at which time the dual pinion ball mill will be derecognized and a gain or loss on sale will be recorded.