XML 20 R10.htm IDEA: XBRL DOCUMENT v3.7.0.1
Other Assets
6 Months Ended
Jun. 30, 2017
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,
  2017 2016
Furniture and Fixtures, net of accumulated depreciation   $   30    $ 32 
Vendetta Mining Corp warrants 673  735 
Exploration bonds and other assets   4    4 
Total other assets $ 707  $ 771 

 

During the six months ended June 30, 2016 Solitario purchased 7,240,000 units of Vendetta for $289,000. Each unit included one common share and one purchase warrant which allows the holder to purchase one share of Vendetta common stock at a price of Cdn$0.10 per share for a period of two years (the “Vendetta Warrants”). As of June 30, 2017, the Vendetta 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.