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Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Measurement

Assets measured at fair value by level within fair value hierarchy

​

​	​	​	​	​	​	​	​	​
​	​	As of		​	As of		​	​
​	​	December 31,		​	December 31,		​	Input Hierarchy Level
​	​	2022		​	2021		​	​
​	​	(in thousands)					​	​
Cash and cash equivalents	​	$	23,675	​	$	33,712	​	Level 1
Accounts receivable, net	​	$	5,085	​	$	8,672	​	Level 2
Investment in equity securities-Maritime	​	$	1,559	​	$	-	​	Level 1
Investment in equity securities-Green Light Metals	​	$	3,611	​	$	-	​	Level 3
Derivative liability - zinc zero cost collar	​	$	-	​	$	(1,844)	​	Level 2

​

Gains and Losses Related to Changes in Fair Value

​

​	​	​	​	​	​	​	​	​	​
​	​	​	For the year ended December 31,					​	Statements of Operations Classification
​	​	​	2022		​	2021		​	​
​	Note	​	​	​	​	​	​	​	​
Realized and unrealized derivative (loss) gain, net	14	​	$	(363)	​	$	1,002	​	Sales, net
Realized loss on zinc zero cost collar	17	​	$	(2,014)	​	$	(1,156)	​	Realized and unrealized loss on zinc zero cost collar
Unrealized gain (loss) on zinc zero cost collar	17	​	$	1,844	​	$	(1,844)	​	Realized and unrealized loss on zinc zero cost collar

​

Realized and Unrealized Gain Losses on Derivatives

The following tables summarize the Company’s realized/unrealized derivatives, net (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gold

​

Silver

​

Copper

​

Lead

​

Zinc

​

Total

For the year ended December 31, 2022

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Realized loss

​

$

(79)

​

$

-

​

$

(127)

​

$

(150)

​

$

(364)

​

$

(720)

Unrealized gain (loss)

​

​

136

​

​

433

​

​

7

​

​

153

​

​

(372)

​

​

357

Total realized/unrealized derivatives, net

​

$

57

​

$

433

​

$

(120)

​

$

3

​

$

(736)

​

$

(363)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gold

​

Silver

​

Copper

​

Lead

​

Zinc

​

Total

For the year ended December 31, 2021

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Realized (loss) gain

​

$

(47)

​

$

(44)

​

$

73

​

$

163

​

$

632

​

$

777

Unrealized (loss) gain

​

​

-

​

​

(159)

​

​

6

​

​

(2)

​

​

380

​

​

225

Total realized/unrealized derivatives, net

​

$

(47)

​

$

(203)

​

$

79

​

$

161

​

$

1,012

​

$

1,002

​

X

- Definition

Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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