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Other Assets
 6 Months Ended
Jun. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets

4.        Other Assets

 

The following items comprised other assets:

 

(in thousands)  June 30, December 31,
  2016 2015
Furniture and Fixtures, net of accumulated depreciation   $   33    $ 41 
Vendetta Mining Corp Warrants 321  -  
Exploration bonds and other assets   4    4 
Total other assets $ 358  $ 45 

 

During the three and six months ended June 30, 2016 Solitario purchased 7,240,000 units of Vendetta Mining Corp. for $289,000. Each unit included one common share and one purchase warrant which allows the holder to purchase one share of Vendetta Mining Corp. common stock at a price of Cdn$0.10 per share for a period of two years (the “Vendetta Warrants”). As of June 30, 2016, the Vendetta Mining Corp. shares are carried at their fair value and included in marketable equity securities, see Note 3, above. The Vendetta Warrants are carried at their fair value, based upon a Black-Scholes valuation model. During the three and six months ended June 30, 2016, Solitario recorded a gain on derivative instruments of $215,000 related to the Vendetta Warrants.