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Shareholders Equity | 6 Months Ended
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Jun. 30, 2023
Equity: |
Shareholders' Equity | 11. Shareholders’ Equity Shareholders’ Equity for the three and six months ended June 30, 2023:
(in thousands, except |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share amounts) |  | Common |  |  | Common |  |  | Additional |  |  |  |  |  | Total |
|  | Stock |  |  | Stock |  |  | Paid-in |  |  | Accumulated |  |  | Shareholders’ |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Deficit |  |  | Equity |
Balance at December 31, 2022 |  |  | 64,801,373 |  |  | $ | 648 |  |  | $ | 74,886 |  |  | $ | (53,888 | ) |  | $ | 21,646 |
Stock option expense |  |  | - |  |  |  | - |  |  |  | 67 |  |  |  | - |  |  |  | 67 |
Net loss |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (380 | ) |  |  | (380 | )
Balance at March 31, 2023 |  |  | 64,801,373 |  |  | $ | 648 |  |  | $ | 74,953 |  |  | $ | (54,268 | ) |  | $ | 21,333 |
Stock option expense |  |  | - |  |  |  | - |  |  |  | 59 |  |  |  | - |  |  |  | 59 |
Issuance of shares - option exercises |  |  | 50,000 |  |  |  | 1 |  |  |  | 13 |  |  |  | - |  |  |  | 14 |
Net loss |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,040 | ) |  |  | (1,040 | )
Balance at June 30, 2023 |  |  | 64,851,373 |  |  | $ | 649 |  |  | $ | 75,025 |  |  | $ | (55,308 | ) |  | $ | 20,366 |
Shareholders’ Equity for the three and six months ended June 30, 2022:
(in thousands, except |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share amounts) |  | Common |  |  | Common |  |  | Additional |  |  |  |  |  | Total |
|  | Stock |  |  | Stock |  |  | Paid-in |  |  | Accumulated |  |  | Shareholders’ |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Deficit |  |  | Equity |
Balance at December 31, 2021 |  |  | 62,036,399 |  |  | $ | 620 |  |  | $ | 72,523 |  |  | $ | (49,960 | ) |  | $ | 23,183 |
Stock option expense |  |  | - |  |  |  | - |  |  |  | 13 |  |  |  | - |  |  |  | 13 |
Issuance of shares – ATM, net |  |  | 2,650,724 |  |  |  | 27 |  |  |  | 1,996 |  |  |  | - |  |  |  | 2,023 |
Issuance of shares - option exercises |  |  | 73,000 |  |  |  | 1 |  |  |  | 18 |  |  |  | - |  |  |  | 19 |
Net loss |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (514 | ) |  |  | (514 | )
Balance at March 31, 2022 |  |  | 64,760,123 |  |  | $ | 648 |  |  | $ | 74,550 |  |  | $ | (50,474 | ) |  | $ | 24,724 |
Stock option expense |  |  | - |  |  |  | - |  |  |  | 13 |  |  |  | - |  |  |  | 13 |
Issuance of shares - option exercises |  |  | 8,750 |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | 1 |
Net loss |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,691 | ) |  |  | (1,691 | )
Balance at June 30, 2022 |  |  | 64,768,873 |  |  | $ | 648 |  |  | $ | 74,564 |  |  | $ | (52,165 | ) |  | $ | 23,047 |
At the Market Offering Agreement On February 2, 2021, Solitario entered into an at-the-market offering agreement (the “ATM Agreement”) with H. C. Wainwright & Co., LLC (“Wainwright”), under which Solitario may, from time to time, issue and sell shares of Solitario’s common stock through Wainwright as sales manager in an at-the-market offering under a prospectus supplement for aggregate sales proceeds of up to $9.0 million (the “ATM Program”). The common stock is distributed at the market prices prevailing at the time of sale. As a result, prices of the common stock sold under the ATM Program may vary as between purchasers and during the period of distribution. The ATM Agreement provides that Wainwright is entitled to compensation for its services at a commission rate of 3.0% of the gross sales price per share of common stock sold. During the six months ended June 30, 2023 Solitario did not sell any shares under the ATM Agreement. During the six months ended June 30, 2022, Solitario sold an aggregate of 2,650,724 shares of common stock under the ATM Agreement at an average price of $0.79 per share for net proceeds of $2,023,000 after commissions and sale expenses.

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