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Other Assets

12 Months Ended

Dec. 31, 2018

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

4. Other Assets:

The following items comprised other assets:

(in thousands)	December 31,
	2018	2017
Furniture and fixtures, net of accumulated depreciation	$ 36	$ 31
Lik project equipment, net of accumulated depreciation	70	90
Exploration bonds and other assets	4	4
Total other assets	$110	$125

During 2017, Solitario acquired $100,000 of exploration-related equipment at the Lik project as part of the Acquisition. The equipment is being depreciated over a five-year life on a straight-line basis and Solitario recorded depreciation expense of $20,000 and $10,000, respectively, during 2018 and 2017 related to this equipment.

During 2017, Solitario exercised 7,240,000 of its Vendetta Warrants and received 7,240,000 Vendetta common shares, by paying $578,000 in cash to Vendetta. As a result, as of December 31, 2017, Solitario no longer owns any Vendetta Warrants. Upon the exercise of the Vendetta Warrants, Solitario transferred the fair value of the Vendetta Warrants on the date of exercise of $950,000 along with the cash paid to exercise the Vendetta Warrants of $578,000 to marketable equity securities as the cost of the 7,240,000 common shares of Vendetta acquired. During the year ended December 31, 2017, Solitario recorded a gain on derivative instruments of $216,000 related to the Vendetta Warrants, with no similar item during 2018; see Note 7, “Derivative Instruments,” below.