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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended
--- | ---
Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009
Revenues: |  |  |
Uranium sales |  |  | $ 4,673,169
Total revenue |  |  | 4,673,169
Cost of uranium sales: |  |  |
Royalties and commissions |  |  | 464,028
Operating expenses | 648,278 | 394,763 | 2,692,960
Accretion/amortization of restoration reserve | 121,183 | 155,943 | 257,791
Depreciation and depletion | 599,504 | 756,377 | 1,089,612
Writedown of uranium properties | 1,460,170 | 961,278 | 3,517,970
Exploration expenses | 17,918 | 1,646 | 61,677
Total cost of uranium sales | 2,847,053 | 2,270,007 | 8,084,038
Loss from operations before corporate expenses | (2,847,053) | (2,270,007) | (3,410,869)
Corporate expenses: |  |  |
General and administrative (includes stock compensation expense of $884,000, $1,032,000 and $1,258,000 in 2011, 2010 and 2009, respectively) | 8,400,955 | 6,911,672 | 6,624,023
Provision for legal settlement |  | 1,375,000 |
Depreciation | 127,741 | 143,361 | 142,531
Total corporate expenses | 8,528,696 | 8,430,033 | 6,766,554
Loss from operations | (11,375,749) | (10,700,040) | (10,177,423)
Other income (expense): |  |  |
Interest expense | (18,968) | (25,362) | (40,637)
Interest and other income, net | 195,320 | 370,835 | 152,198
Total other income, net | 176,352 | 345,473 | 111,561
Net loss | $ (11,199,397) | $ (10,354,567) | $ (10,065,862)
Basic and diluted net loss per common share (in dollars per share) | $ (0.12) | $ (0.14) | $ (0.18)

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