XML 46 R31.htm IDEA: XBRL DOCUMENT v3.21.2

Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2021

Discontinued Operations

Schedule of discontinued operations in company's condensed consolidated financial statements

Results of discontinued operations for the three and nine months ended September 30, 2020, are as follows (in thousands):

​

​	​	​	​	​	​	​
​	For the three months ended September 30,		​	For the nine months ended September 30,		​
​	2020		​	2020
​	(Unaudited)		​	(Unaudited)		​
Sales, net	$	15,851	​	$	30,284	​
Mine cost of sales	​	10,714	​	​	25,872	​
Mine gross profit	​	5,137	​	​	4,412	​
Exploration expenses	​	780	​	​	1,373	​
Other expense, net	​	62	​	​	172	​
Profit before income taxes	​	4,295	​	​	2,867	​
Income tax benefit	​	(957)	​	​	(413)	​
Net income from discontinued operations	$	5,252	​	$	3,280	​

​

Selected Statements of Cash Flows presenting depreciation and amortization, capital expenditures, sale proceeds and significant operating noncash items of FGC were as follows:

​	​	​	​	​	​	​	​
​	​	​	For the three months ended September 30,		​	For the nine months ended September 30,
​	​	​	2020		​	2020
​	​	​	(Unaudited)		​	​	(Unaudited)
Cash flows from discontinued operating activities:	​	​	​	​	​	​	​
Net income	​	​	$	5,252	​	$	3,280
Adjustments to reconcile net income to net cash from discontinued operating activities:	​	​	​	​	​	​	​
Deferred income benefit	​	​	​	(957)	​	​	(413)
Depreciation and amortization	​	​	​	2,981	​	​	6,263
Other operating adjustments	​	​	​	24	​	​	17
Changes in operating assets and liabilities:	​	​	​	​	​	​	​
Accounts receivable	​	​	​	(1,500)	​	​	(1,599)
Inventories	​	​	​	154	​	​	(2,662)
Prepaid expenses and other current assets	​	​	​	(6)	​	​	(17)
Other non-current assets	​	​	​	(1,048)	​	​	(1,304)
Accounts payable and other accrued liabilities	​	​	​	1,654	​	​	958
Mining royalty and income taxes payable, net	​	​	​	675	​	​	675
Net cash provided by discontinued operating activities	​	​	​	7,229	​	​	5,198
​	​	​	​	​	​	​	​
Cash flows from discontinued investing activities:	​	​	​	​	​	​	​
Capital expenditures	​	​	​	(173)	​	​	(6,368)
Net cash used in discontinued investing activities	​	​	​	(173)	​	​	(6,368)
​	​	​	​	​	​	​	​
Cash flows from discontinued financing activities:	​	​	​	​	​	​	​
Cash transferred from Gold Resource Corporation prior to spin-off	​	​	​	294	​	​	8,786
Repayment of loans payable	​	​	​	109	​	​	(326)
Repayment of finance leases	​	​	​	(440)	​		(656)
Net cash provided (to) by discontinued financing activities	​	​	​	(37)	​	​	7,804
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
Supplemental Cash Flow Information Discontinued Operations	​	​	​	​	​	​	​
Non-cash investing activities:	​	​	​	​	​	​	​
Change in capital expenditures in accounts payable	​	​	$	(14)	​	$	(1,532)
Change in estimate for asset retirement costs	​	​	$	307	​	$	1,404

X

- References

No definition available.

+ Details

Name:	us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760

+ Details

Name:	us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration