XML 87 R78.htm IDEA: XBRL DOCUMENT
v3.19.1

GEOGRAPHIC AND SEGMENT INFORMATION | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2019 | Dec. 31, 2018
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 March 31, 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 three months ended March 31, 2019 and March 31, 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 March 31, 2019 and December 31, 2018:
|  | March 31, 2019 |
--- | --- | --- | ---
(thousands of dollars) |  | Corporate |  | Uranium |  | Lithium |  | Graphite |  | Total |
Net property, plant and equipment |  | $ | 150 |  | $ | 11,407 |  | $ | — |  | $ | 8,972 |  | $ | 20,529 |
Restricted cash |  |  | — |  |  | 3,740 |  |  | — |  |  | 10 |  |  | 3,750 |
Operating lease right of use assets, non-current |  |  | 543 |  |  | 26 |  |  | — |  |  | — |  |  | 569 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total long-term assets |  | $ | 693 |  | $ | 15,173 |  | $ | — |  | $ | 8,982 |  | $ | 24,848 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | 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 March 31, 2019 and March 31, 2018. Non-mining activities and other administrative operations are reported in the Corporate column.
|  | Three Months Ended March 31, 2019 |
--- | --- | --- | ---
(thousands of dollars) |  | Corporate |  | Uranium |  | Lithium |  | Graphite |  | Total |
Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mineral property expenses |  | $ | — |  | $ | 553 |  | $ | 1 |  | $ | 80 |  | $ | 634 |
General and administrative expenses |  |  | 1,279 |  |  | 392 |  |  | — |  |  | 147 |  |  | 1,818 |
Sales and marketing expenses |  |  | — |  |  | — |  |  | — |  |  | 18 |  |  | 18 |
Accretion of asset retirement costs |  |  | — |  |  | 126 |  |  | — |  |  | — |  |  | 126 |
Depreciation and amortization |  |  | 1 |  |  | 22 |  |  | — |  |  | — |  |  | 23 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss from operations |  |  | 1,280 |  |  | 1,093 |  |  | 1 |  |  | 245 |  |  | 2,619 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other (expense) income |  |  | (555 | ) |  | — |  |  | — |  |  | — |  |  | (555 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss before taxes |  | $ | (1,835 | ) | $ | (1,093 | ) | $ | (1 | ) | $ | (245 | ) | $ | (3,174 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | Three Months Ended March 31, 2018 |
--- | --- | --- | ---
(thousands of dollars) |  | Corporate |  | Uranium |  | Lithium |  | Graphite |  | Total |
Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mineral property expenses |  | $ | — |  | $ | 774 |  | $ | 8 |  | $ | — |  | $ | 782 |
General and administrative |  |  | 1,353 |  |  | 452 |  |  | — |  |  | — |  |  | 1,805 |
Acquisition related expenses |  |  | 755 |  |  | — |  |  | — |  |  | — |  |  | 755 |
Accretion of asset retirement costs |  |  | — |  |  | 134 |  |  | — |  |  | — |  |  | 134 |
Depreciation and amortization |  |  | 1 |  |  | 33 |  |  | — |  |  | — |  |  | 34 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss from operations |  |  | 2,109 |  |  | 1,393 |  |  | 8 |  |  | — |  |  | 3,510 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other income |  |  | 81 |  |  | 10 |  |  | — |  |  | — |  |  | 91 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss before taxes |  | $ | (2,028 | ) | $ | (1,383 | ) | $ | (8 | ) | $ | — |  | $ | (3,419 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
| 12. 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 $25.8 million and $42.4 million as of December 31, 2018 and December 31, 2017, respectively. The long-term assets located in the United States totaled $25.8 million or 100% and $24.4 million or 58% of total long-term assets as of December 31, 2018 and December 31, 2017, respectively. The Company reported no revenues for the years ending December, 31, 2018 and December 31, 2017. 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 December 31, 2018 and December 31, 2017:
|  | 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 |
|  | December 31, 2017 |
(thousands of dollars) |  | Corporate |  |  | Uranium |  |  | Lithium |  |  | Graphite |  |  | Total |
Net property, plant and equipment |  | $ | 211 |  |  | $ | 35,198 |  |  | $ | - |  |  | $ | - |  |  | $ | 35,409 |
Restricted cash |  |  | - |  |  |  | 3,668 |  |  |  | - |  |  |  | - |  |  |  | 3,668 |
Notes receivable, non-current |  |  | 834 |  |  |  | 2,494 |  |  |  | - |  |  |  | - |  |  |  | 3,328 |
Total long-term assets |  | $ | 1,045 |  |  | $ | 41,360 |  |  | $ | - |  |  | $ | - |  |  | $ | 42,405 |
The table below provides a breakdown of the reportable segments for the years ended December 31, 2018 and December 31, 2017. Non-mining activities and other administrative operations are reported in the Corporate column.
|  | Year Ended December 31, 2018 |
(thousands of dollars) |  | Corporate |  |  | Uranium |  |  | Lithium |  |  | Graphite |  |  | Total |
Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mineral property expenses |  | $ | - |  |  | $ | 2,917 |  |  | $ | 481 |  |  | $ | 140 |  |  | $ | 3,538 |
General and administrative |  |  | 4,986 |  |  |  | 1,846 |  |  |  | - |  |  |  | 525 |  |  |  | 7,357 |
Acquisition related expenses |  |  | 333 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 333 |
Accretion of asset retirement costs |  |  | - |  |  |  | 993 |  |  |  | - |  |  |  | - |  |  |  | 993 |
Depreciation and amortization |  |  | 5 |  |  |  | 110 |  |  |  | - |  |  |  | 1 |  |  |  | 116 |
Impairment of Uranium properties |  |  | - |  |  |  | 23,712 |  |  |  | - |  |  |  | - |  |  |  | 23,712 |
|  |  | 5,324 |  |  |  | 29,578 |  |  |  | 481 |  |  |  | 666 |  |  |  | 36,049 |
Loss from operations |  |  | (5,324 | ) |  |  | (29,578 | ) |  |  | (481 | ) |  |  | (666 | ) |  |  | (36,049 | )
Other income |  |  | 196 |  |  |  | 168 |  |  |  | - |  |  |  | 1 |  |  |  | 365 |
Loss before taxes |  | $ | (5,128 | ) |  | $ | (29,410 | ) |  | $ | (481 | ) |  | $ | (665 | ) |  | $ | (35,684 | )
|  | Year Ended December 31, 2017 |
(thousands of dollars) |  | Corporate |  |  | Uranium |  |  | Lithium |  |  | Graphite |  |  | Total |
Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mineral property expenses |  | $ | - |  |  | $ | 3,383 |  |  | $ | 1,201 |  |  | $ | - |  |  | $ | 4,584 |
General and administrative |  |  | 4,791 |  |  |  | 1,823 |  |  |  | - |  |  |  | - |  |  |  | 6,614 |
Acquisition related expenses |  |  | 1,003 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,003 |
Accretion of asset retirement costs |  |  | - |  |  |  | 1,039 |  |  |  | - |  |  |  | - |  |  |  | 1,039 |
Depreciation and amortization |  |  | 5 |  |  |  | 137 |  |  |  | - |  |  |  | - |  |  |  | 142 |
Impairment of Uranium properties |  |  | - |  |  |  | 11,436 |  |  |  | - |  |  |  | - |  |  |  | 11,436 |
|  |  | 5,799 |  |  |  | 17,818 |  |  |  | 1,201 |  |  |  | - |  |  |  | 24,818 |
Loss from operations |  |  | (5,799 | ) |  |  | (17,818 | ) |  |  | (1,201 | ) |  |  | - |  |  |  | (24,818 | )
Other income |  |  | 573 |  |  |  | 4,957 |  |  |  | - |  |  |  | - |  |  |  | 5,530 |
Loss before taxes |  | $ | (5,226 | ) |  | $ | (12,861 | ) |  | $ | (1,201 | ) |  | $ | - |  |  | $ | (19,288 | )

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration