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GEOGRAPHIC AND SEGMENT INFORMATION | 6 Months Ended
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Jun. 30, 2019
GEOGRAPHIC AND SEGMENT INFORMATION |
GEOGRAPHIC AND SEGMENT INFORMATION | 15. GEOGRAPHIC AND SEGMENT INFORMATION The Company currently operates in three reportable segments, which are uranium, lithium and graphite mining activities, including exploration, standby operations and restoration and reclamation activities. As a part of these activities, the Company also explores, evaluates and, if warranted, permits uranium, lithium and graphite properties. The Company’s long-term assets were $24.4 million and $25.8 million as of June 30, 2019 and December 31, 2018, respectively. 100% of the long-term assets are located in the United States. The Company reported no revenues during the six months ended June 30, 2019 and June 30, 2018. The reportable segments are those operations whose operating results are reviewed by the Chief Executive Officer to make decisions about resources to be allocated to the segment and assess its performance provided those operations pass certain quantitative thresholds. Operations whose revenues, earnings or losses or assets exceed or are expected to exceed 10% of the total consolidated revenue, earnings or losses or assets are reportable segments. Information about current assets and liabilities of the segments has not been provided because the information is not used to assess performance. The table below provides a breakdown of the long-term assets by reportable segments as of June 30, 2019 and December 31, 2018:
|  | June 30, 2019
(thousands of dollars) |  | Corporate |  | Uranium |  | Lithium |  | Graphite |  | Total
Net property, plant and equipment |  | $ | 138 |  | $ | 11,395 |  | $ | — |  | $ | 8,972 |  | $ | 20,505
Restricted cash |  |  | — |  |  | 3,758 |  |  | — |  |  | 10 |  |  | 3,768
Notes receivable, non-current |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Operating lease right of use assets |  |  | 517 |  |  | 24 |  |  | — |  |  | — |  |  | 541
Total long-term assets |  | $ | 655 |  | $ | 15,177 |  | $ | — |  | $ | 8,982 |  | $ | 24,814
|  | December 31, 2018
(thousands of dollars) |  | Corporate |  | Uranium |  | Lithium |  | Graphite |  | Total
Net property, plant and equipment |  | $ | 162 |  | $ | 11,418 |  | $ | — |  | $ | 8,973 |  | $ | 20,553
Restricted cash |  |  | — |  |  | 3,722 |  |  | — |  |  | 10 |  |  | 3,732
Notes receivable, non-current |  |  | — |  |  | 1,493 |  |  | — |  |  | — |  |  | 1,493
Total long-term assets |  | $ | 162 |  | $ | 16,633 |  | $ | — |  | $ | 8,983 |  | $ | 25,778
The table below provides a breakdown of the reportable segments for the three months ended June 30, 2019 and June 30, 2018. Non-mining activities and other administrative operations are reported in the Corporate column.
|  | Three months Ended
|  | June 30, 2019
(thousands of dollars) |  | Corporate |  | Uranium |  | Lithium |  | Graphite |  | Total
Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mineral property expenses |  | $ | — |  | $ | 805 |  | $ | 2 |  | $ | 17 |  | $ | 824
General and administrative expenses |  |  | 1,570 |  |  | 433 |  |  | — |  |  | 58 |  |  | 2,061
Sales and marketing expenses |  |  | — |  |  | — |  |  | — |  |  | (7) |  |  | (7)
Accretion of asset retirement costs |  |  | — |  |  | 30 |  |  | — |  |  | — |  |  | 30
Depreciation and amortization |  |  | 1 |  |  | 24 |  |  | — |  |  | — |  |  | 25
|  |  | 1,571 |  |  | 1,292 |  |  | 2 |  |  | 68 |  |  | 2,933
Loss from operations |  |  | (1,571) |  |  | (1,292) |  |  | (2) |  |  | (68) |  |  | (2,933)
Other income |  |  | 158 |  |  | — |  |  | — |  |  | — |  |  | 158
Loss before taxes |  | $ | (1,413) |  | $ | (1,292) |  | $ | (2) |  | $ | (68) |  | $ | (2,775)
|  | Three months Ended
|  | June 30, 2018
(thousands of dollars) |  | Corporate |  | Uranium |  | Lithium |  | Graphite |  | Total
Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mineral property expenses |  | $ | — |  | $ | 830 |  | $ | 130 |  | $ | 9 |  | $ | 969
General and administrative |  |  | 1,364 |  |  | 453 |  |  | — |  |  | 237 |  |  | 2,054
Acquisition related expenses |  |  | (422) |  |  | — |  |  | — |  |  | — |  |  | (422)
Accretion of asset retirement costs |  |  | — |  |  | 134 |  |  | — |  |  | — |  |  | 134
Impairment of uranium properties |  |  | — |  |  | 17,968 |  |  | — |  |  | — |  |  | 17,968
Depreciation and amortization |  |  | 1 |  |  | 31 |  |  | — |  |  | 1 |  |  | 33
|  |  | 943 |  |  | 19,416 |  |  | 130 |  |  | 247 |  |  | 20,736
Loss from operations |  |  | (943) |  |  | (19,416) |  |  | (130) |  |  | (247) |  |  | (20,736)
Other income |  |  | 172 |  |  | 107 |  |  | — |  |  | — |  |  | 279
Loss before taxes |  | $ | (771) |  | $ | (19,309) |  | $ | (130) |  | $ | (247) |  | $ | (20,457)
The table below provides a breakdown of the reportable segments for the six months ended June 30, 2019 and June 30, 2018. Non-mining activities and other administrative operations are reported in the Corporate column.
|  | Six months Ended
|  | June 30, 2019
(thousands of dollars) |  | Corporate |  | Uranium |  | Lithium |  | Graphite |  | Total
Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mineral property expenses |  | $ | — |  | $ | 1,358 |  | $ | 3 |  | $ | 97 |  | $ | 1,458
General and administrative expenses |  |  | 2,849 |  |  | 825 |  |  | — |  |  | 205 |  |  | 3,879
Sales and marketing expenses |  |  | — |  |  | — |  |  | — |  |  | 11 |  |  | 11
Accretion of asset retirement costs |  |  | — |  |  | 156 |  |  | — |  |  | — |  |  | 156
Depreciation and amortization |  |  | 2 |  |  | 46 |  |  | — |  |  | — |  |  | 48
|  |  | 2,851 |  |  | 2,385 |  |  | 3 |  |  | 313 |  |  | 5,552
Loss from operations |  |  | (2,851) |  |  | (2,385) |  |  | (3) |  |  | (313) |  |  | (5,552)
Other (expense) income |  |  | (397) |  |  | — |  |  | — |  |  | — |  |  | (397)
Loss before taxes |  | $ | (3,248) |  | $ | (2,385) |  | $ | (3) |  | $ | (313) |  | $ | (5,949)
|  | Six months Ended
|  | June 30, 2018
(thousands of dollars) |  | Corporate |  | Uranium |  | Lithium |  | Graphite |  | Total
Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mineral property expenses |  | $ | — |  | $ | 1,604 |  | $ | 138 |  | $ | 9 |  | $ | 1,751
General and administrative |  |  | 2,717 |  |  | 905 |  |  | — |  |  | 237 |  |  | 3,859
Acquisition related expenses |  |  | 333 |  |  | — |  |  | — |  |  | — |  |  | 333
Accretion of asset retirement costs |  |  | — |  |  | 268 |  |  | — |  |  | — |  |  | 268
Impairment of uranium properties |  |  | — |  |  | 17,968 |  |  | — |  |  | — |  |  | 17,968
Depreciation and amortization |  |  | 2 |  |  | 64 |  |  | — |  |  | 1 |  |  | 67
|  |  | 3,052 |  |  | 20,809 |  |  | 138 |  |  | 247 |  |  | 24,246
Loss from operations |  |  | (3,052) |  |  | (20,809) |  |  | (138) |  |  | (247) |  |  | (24,246)
Other income |  |  | 253 |  |  | 117 |  |  | — |  |  | — |  |  | 370
Loss before taxes |  | $ | (2,799) |  | $ | (20,692) |  | $ | (138) |  | $ | (247) |  | $ | (23,876)

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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