XML 44 R32.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Subsequent Events
3 Months Ended
Mar. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Effective April 5, 2024, the buyer that Hycroft had entered into an Equipment Purchase Agreement with terminated the remaining portion of the agreement. At the time of final termination of the agreement, the Company’s outstanding balance related to the Equipment Purchase Agreement was $0.1 million of nonrefundable deposits. In accordance with Topic 606, Revenue from Contracts with Customers, because the sale did not materialize, the $0.1 million of nonrefundable deposit payments will be recognized as Other income in the second quarter of 2024.

Since the end of the first quarter of 2024, and as of May 6, 2024, the Company has sold an additional 1,691,055 shares of common stock for aggregate gross proceeds, before commissions and offering expenses of $6.4 million through the ATM Program.