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ACQUISITIONS (Tables) | 6 Months Ended
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Jun. 30, 2019
ACQUISITIONS |
Schedule of Fair Value of Assets Acquired and Liabilities Assumed | The following summarizes the preliminary allocation of purchase price to the fair value of assets acquired and liabilities assumed as of the acquisition date (in thousands):
Consideration: |  |  |
Cash |  | $ | 2,397
Issuance of 232,504 common shares for replacement of Alabama Graphite shares |  |  | 6,394
Issuance of 7,280 options for replacement of Alabama Graphite options |  |  | 35
Issuance of 42,888 warrants for replacement of Alabama Graphite warrants |  |  | 54
|  | $ | 8,880
The fair value of the consideration given was allocated as follows: |  |  |
Assets: |  |  |
Cash and cash equivalents |  | $ | 17
Short-term receivables |  |  | 113
Prepaid expenses |  |  | 42
Property, plant, equipment and graphite mineral interests |  |  | 8,973
Total assets |  |  | 9,145
Liabilities: |  |  |
Accounts payable and accrued liabilities |  |  | 265
Total liabilities |  |  | 265
Net assets |  | $ | 8,880

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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