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Shareholders equity, comprehensive loss and non-controlling interest

6 Months Ended

Jun. 30, 2012

Shareholders Equity, comprehensive loss and non-controlling interest

6. Shareholders’ equity, comprehensive loss and non-controlling interest

As a result of the completion of the Feasibility Study discussed above under “Recent developments,” Solitario recorded the earn-in of its 80% interest in MH-LLC by reducing noncontrolling interest by $531,000 for Solitario’s accumulated earn-in payments made to DHI-US recorded in its contra noncontrolling interest account as of February 22, 2012. In addition Solitario recorded a reduction in additional paid-in-capital of $2,983,000 for DHI-US’ proportionate share of its 20% interest in the equity of MH-LLC as of February 22, 2012. The following provides a reconciliation of the beginning and ending balances of Solitario Shareholders' equity, comprehensive loss and non-controlling interest for the three and six months ended June 30, 2012.

For the six months ended June 30, 2012

(in thousands, except					Accumulated	Total		Contra
Share amounts)	Common	Common	Additional		Other	Solitario	Non-	Non-	Total
	Stock	Stock	Paid-in	Accumulated	Comprehensive	Shareholder	Controlling	Controlling	Shareholders’
	Shares	Amount	Capital	Deficit	Income	Equity	Interest	Interest	Equity
Balance at December 31, 2011	$34,204,958	$342	$49,015	$(39,381)	$5,877	$15,853	$(1, 640)	$(340)	$13,873

Issuance of shares and $150 cash to noncontrolling shareholder for future earn-in	25,000	-	41	-	-	41	-	(191)	(150)
Noncontrolling interest contribution	-	-	-	-	-	-	99	-	99
Loan to noncontrolling interest	-	-	-	-	-	-	(49)	-	(49)
Record reversal of contra noncontrolling interest on earn-in	-	-	-	-	-	-	(531)	531	-
Record interest on advance to noncontrolling interest (net)	-	-	-	-	-	-	(8)	-	(8)
Disproportionate share entry on earn-in	-	-	(2,983)	-	-	(2,983)	2,983	-	-
Stock option expense	-	-	174	-	-	174	-	-	174
Comprehensive income:
Net loss	-	-	-	(670)	-	(670)	(192)	-	(862)
Net unrealized loss on marketable equity securities (net of tax of $529)	-	-	-	-	(889)	(889)	-	-	(889)
Comprehensive loss	-	-	-	-	-	(1,559)	(192)	-	(1,751)
Balance at March 31, 2012	34,229,958	$342	$46,247	$(40,051)	$4,988	$11,526	$662	$ -	$12,188

Issuance of common stock	225,000	3	272			275			275
Record interest on advance to noncontrolling interest	-	-	-	-	-	-	26	-	26
Stock option expense	-	-	175	-	-	175	-	-	175
Comprehensive income:
Net loss	-	-	-	(385)	-	(385)	(75)	-	(460)
Net unrealized loss on marketable equity securities (net of tax of $1,011)	-	-	-	-	(1,700)	(1,700)	-	-	(1,700)
Comprehensive loss	-	-	-	-	-	(2,085)	(75)	-	(2,160)
Balance at June 30, 2012	34,454,958	$345	$46,694	$(40,436)	$3,288	$9,891	$613	$ -	$10,504