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GEOGRAPHIC AND SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2020
GEOGRAPHIC AND SEGMENT INFORMATION |
GEOGRAPHIC AND SEGMENT INFORMATION | 13. GEOGRAPHIC AND SEGMENT INFORMATION In addition to its corporate operations, the Company currently operates a graphite battery-materials reportable segment. During 2020, the Company made the strategic decision to sell its uranium business and discontinue its lithium business, both of which conducted exploration, standby operations and restoration and reclamation activities. As a result, the Company re-classed all uranium and lithium business activities as discontinued operations. 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 tables below provide a breakdown of the long-term assets by reportable segments as of December 31, 2020 and 2019:
|  | December 31, 2020
(thousands of dollars) |  | Corporate |  | Graphite |  | Total
Net property, plant and equipment |  | $ | 13 |  | $ | 8,972 |  | $ | 8,985
Restricted cash |  |  | — |  |  | 10 |  |  | 10
Operating Lease Right of Use Assets |  |  | 353 |  |  | — |  |  | 353
Total long-term assets |  | $ | 366 |  | $ | 8,982 |  | $ | 9,348
|  | December 31, 2019
(thousands of dollars) |  | Corporate |  | Graphite |  | Total
Net property, plant and equipment |  | $ | 23 |  | $ | 8,972 |  | $ | 8,995
Restricted cash |  |  | — |  |  | 10 |  |  | 10
Operating Lease Right of Use Assets |  |  | 470 |  |  | — |  |  | 470
Total long-term assets |  | $ | 493 |  | $ | 8,982 |  | $ | 9,475
The tables below provide a breakdown of the reportable segments for the years ended December 31, 2020 and 2019. Non-mining activities and other administrative operations are reported in the Corporate column.
|  | Year Ended
|  | December 31, 2020
(thousands of dollars) |  | Corporate |  | Graphite |  | Total
Statement of Operations |  |  |  |  |  |  |  |  |
Mineral property expenses |  | $ | — |  | $ | 34 |  | $ | 34
Product development expenses |  |  | — |  |  | 4,049 |  |  | 4,049
General and administrative |  |  | 5,204 |  |  | 474 |  |  | 5,678
Arbitration expenses |  |  | 1,458 |  |  | — |  |  | 1,458
Depreciation and amortization |  |  | 17 |  |  | — |  |  | 17
Total |  |  | 6,679 |  |  | 4,557 |  |  | 11,236
Loss from continuing operations |  |  | (6,679) |  |  | (4,557) |  |  | (11,236)
Other expense |  |  | (2,676) |  |  | — |  |  | (2,676)
Loss before taxes |  | $ | (9,355) |  | $ | (4,557) |  | $ | (13,912)
|  | Year Ended
|  | December 31, 2019
(thousands of dollars) |  | Corporate |  | Graphite |  | Total
Statement of Operations |  |  |  |  |  |  |  |  |
Mineral property expenses |  | $ | — |  | $ | 320 |  | $ | 320
Product development expenses |  |  | — |  |  | 116 |  |  | 116
General and administrative |  |  | 4,131 |  |  | 343 |  |  | 4,474
Arbitration expenses |  |  | 1,378 |  |  | — |  |  | 1,378
Depreciation and amortization |  |  | 6 |  |  | — |  |  | 6
Total |  |  | 5,515 |  |  | 779 |  |  | 6,294
Loss from continuing operations |  |  | (5,515) |  |  | (779) |  |  | (6,294)
Other (expense) |  |  | 290 |  |  | — |  |  | 290
Loss before taxes |  | $ | (5,225) |  | $ | (779) |  | $ | (6,004)

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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