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INCOME TAXES | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Income Taxes | INCOME TAXES A reconciliation of income tax expense and the product of accounting income before income tax, multiplied by the combined Canadian federal and provincial income tax rate (the rate applicable to the Canadian parent company) is as follows:
| Years ended December 31,
| 2019 |  | 2018 |  | 2017
Loss before income taxes | $ | (38,094 | ) |  | $ | (25,362 | ) |  | $ | (27,990 | )
Combined federal and provincial rate | 26.50 | % |  | 26.50 | % |  | 26.50 | %
Expected income tax recovery | (10,095 | ) |  | (6,721 | ) |  | (7,400 | )
Share-based compensation | 985 |  |  | 623 |  |  | 934 |
Other non-deductible/non-taxable items | (376 | ) |  | 597 |  |  | (1,303 | )
Foreign tax rate differences | — |  |  | — |  |  | — |
Unrecognized deferred tax assets | 9,486 |  |  | 5,501 |  |  | 7,769 |
Income tax expense | $ | — |  |  | $ | — |  |  | $ | — |
The components of the net deferred tax assets and liabilities as of December 31, 2019 and 2018 are as follows:
| Years ended December 31,
| 2019 |  | 2018
Current deferred tax assets |  |  |
Inventories | $ | 5,405 |  |  | $ | 1,812 |
Short-term investments | 209 |  |  | 209 |
Total current deferred tax assets | 5,614 |  |  | 2,021 |
Non-current deferred tax assets |  |  |
Operating loss carry forwards | 88,156 |  |  | 80,290 |
Capital loss carry forwards | 852 |  |  | 14,903 |
Deferred revenue and other | 2,719 |  |  | 3,622 |
Mineral properties and deferred costs | 27,541 |  |  | 28,317 |
Asset retirement obligations | 5,028 |  |  | 5,062 |
Intangibles and other | — |  |  | — |
Property, plant and equipment | 1,644 |  |  | 1,549 |
Total non-current deferred tax assets | 125,940 |  |  | 133,743 |
Subtotal deferred tax asset | 131,554 |  |  | 135,764 |
Less: valuation allowance | (131,554 | ) |  | (135,764 | )
Net deferred tax asset | $ | — |  |  | $ | — |
At December 31, 2019, and 2018, the Company recorded a valuation allowance against the net deferred tax assets for the above related items in the financial statements as management did not consider it more likely than not that the Company will be able to realize the deferred tax assets in the future. The following table summarizes the changes to the valuation allowance:
For the Years Ended |  | Balance |  |  |  |  |  | Balance
December 31, |  | Beginning of Period |  | Additions (a) |  | Deductions (b) |  | End of Period
2019 |  | $ | 135,764 |  |  | $ | 11,459 |  |  | $ | (15,669 | ) |  | $ | 131,554 |
2018 |  | $ | 130,095 |  |  | $ | 7,469 |  |  | $ | (1,800 | ) |  | $ | 135,764 |
a) | The additions to the valuation allowance result from additional losses incurred and increases to other tax assets such as mineral property and property, plant and equipment. Management does not feel these additions meet the more-likely-than-no criterion for recognition.
b) | The reductions to the valuation allowance result primarily from the decreases to other tax assets such as inventories, short-term investments and deferred revenue.
The following table summarizes the Company's capital losses and net operating losses as of December 31, 2019 that can be applied against future taxable profit.
Country |  | Type |  | Amount |  | Expiry Date
Canada |  | Non-capital losses |  | $ | 40,085 |  |  | 2027 - 2037
Canada |  | Allowable capital losses |  | 3,215 |  |  | None
Canada |  | Investment tax credits |  | 1,185 |  |  | 2023-2027
United States |  | Pre-2018 net operating losses |  | 268,395 |  |  | 2026-2037
United States |  | Post-2017 net operating losses |  | 24,186 |  |  | None
Utilization of the United States loss carry forwards will be limited in any year as a result of previous changes in ownership. For the Energy Fuels Holding Corporation and Subsidiaries consolidated group, management estimates that approximately $75 million in net operating losses will expire unutilized as a result of these limitations. In addition, as a result of the Tax Cuts and Jobs Act, United States net operating loss carryforwards generated after December 31, 2017, are limited to usage at 80% of taxable income and will be permitted to be carried forward indefinitely. Utilization of the Canadian loss carry forwards will be subject to the Acquisition of Control Rules in any year as a result of previous changes in ownership.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
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