XML 91 R15.htm IDEA: XBRL DOCUMENT
v2.4.0.8

DEBT | 12 Months Ended
--- | ---
Dec. 31, 2012
DEBT |
DEBT | 8. DEBT Short Term Financing Facility In December 2012 the Company completed a $5 million short term financing provided by RCF. The terms of the financing include an annualized interest rate of 10% payable quarterly and a loan establishment fee of $160,000. The loan establishment fee was paid in December 2012 by the issuance of 42,884 shares of common stock of the Company. The number of shares paid was determined based upon the volume weighted average price of the Company’s common stock for the 20 days ending November 29, 2012 ($3.73 per share). The maturity date for the financing was the earlier of (i) the date of the closing of the Shareholder Rights Offering and (ii) June 28, 2013. Subsequent to year end 2012, in connection with the Shareholder Rights Offering, the Company repaid the RCF $5.0 million short term loan facility by issuing 1.96 million shares of the Company’s common stock to RCF. See Note 14—“Subsequent Events” for a description of the Shareholder Rights Offering. Summary of Long-Term Debt
|  | At December 31, |
|  | 2012 |  | 2011 |
Long-term debt of the Company consists of: |  |  |  |  |
Crownpoint property |  | $ | 450,000 |  | $ | 450,000 |
Capital leases |  | 129,722 |  | 119,232 |
|  | 579,722 |  | 569,232 |
Less—Current portion |  | (112,140 | ) | (65,161 | )
Total long-term debt |  | $ | 467,582 |  | $ | 504,071 |
Maturities of long-term debt and capital leases are as follows:
For the Twelve Months Ended: |  | Long-Term Debt |  | Capital Leases |
December 31, 2013 |  | $ | — |  | $ | 119,145 |
December 31, 2014 |  | — |  | 24,153 |
December 31, 2015 |  | — |  | 4,579 |
December 31, 2016 |  | — |  | — |
December 31, 2017 and beyond |  | 450,000 |  | — |
Totals |  | $ | 450,000 |  | $ | 147,877 |
Less amounts representing imputed interest |  |  |  | (18,155 | )
Present value of future payments |  |  |  | $ | 129,722 |
Capital leases consist of trucks and mining equipment included in uranium properties.

X
- Definition The entire disclosure for debt and capital lease obligations can be reported. Information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Also includes descriptions and amounts of capital leasing arrangements that consist of direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease. + References No definition available. + Details
Name: | us-gaap_DebtAndCapitalLeasesDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration