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Other Assets
 9 Months Ended
Sep. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets

4.        Other Assets

 

The following items comprised other assets:

 

(in thousands)  September 30,  December 31,
   2015  2014
Deferred offering costs RMB Loan  $—     $126 
Furniture and Fixtures, net of accumulated depreciation   43    51 
Other assets   4    4 
DHI Loan   191    —   
Total other assets  $238   $181 

 

In connection with the RMB Loan, Solitario recorded deferred offering costs that were amortized on a straight-line basis to interest cost over 36 months, the term of the Facility Agreement. See Note 5, “Short-term debt,” below.

 

As part of the Limited Liability Company Operating Agreement of Mt. Hamilton LLC, DHI elected to have Solitario fund DHI’s portion of ongoing costs at Mt. Hamilton through a loan to DHI with an interest rate of 8% (the “DHI Loan”). The DHI Loan was payable from 80% of DHI’s share of cash distributions from MH-LLC or from DHI share of proceeds from the Transaction. During the three and nine months ended September 30, 2015, Solitario advanced $88,000 and $100,000, respectively, as a noncontrolling interest contribution in the equity section of the balance sheet and Solitario recorded $1,000, and $3,000 of interest income on the DHI Loan. The DHI loan is recorded as other assets at September 30, 2015. DHI repaid the DHI Loan in full subsequent to September 30, 2015.