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PROPERTY AND EQUIPMENT | 12 Months Ended
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Dec. 31, 2016
PROPERTY AND EQUIPMENT |
PROPERTY AND EQUIPMENT | NOTE 7 PROPERTY AND EQUIPMENT As of December 31, 2016 and 2015, property and equipment consisted of the following:
|  | December 31, 2016 |  | December 31, 2015
Trucks and trailers |  | $ | 1,233 |  | $ | 1,065
Office furniture and equipment |  |  | 1,891 |  |  | 1,543
Leasehold improvements |  |  | 661 |  |  | 661
Drill rigs |  |  | 1,198 |  |  | 1,061
Building |  |  | 1,514 |  |  | 1,514
Land |  |  | 8,699 |  |  | 8,699
Mining equipment |  |  | 2,008 |  |  | 1,625
Construction-in-process |  |  | 2,812 |  |  | 4,314
Subtotal |  | $ | 20,016 |  | $ | 20,482
Less: accumulated depreciation |  |  | (5,764) |  |  | (4,723)
Total |  | $ | 14,252 |  | $ | 15,759
Additions to property and equipment during the year ended December 31, 2016 are mainly in relation to office, furniture and equipment and mining equipment acquired for the El Gallo 1 mine. Depreciation expense for 2016 was $1.2 million (2015 - $0.9 million, 2014 - $1.0 million). Construction-in-process included a deposit with a contractor for the construction of certain equipment pertaining to the El Gallo 2 project. In the second quarter of 2016, the Company reached an agreement with the contractor, whereby the Company was refunded the deposit less costs incurred for the equipment design. The total amount of the deposit was $1.5 million, of which $1.0 million was refunded. The remaining $0.5 million was recorded under development costs in the Consolidated Statement of Operations and Comprehensive Income (Loss).

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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