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DISCONTINUED OPERATIONS | 6 Months Ended
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Jun. 30, 2021
DISCONTINUED OPERATIONS |
DISCONTINUED OPERATIONS | 6. DISCONTINUED OPERATIONS In the third quarter of 2020, the Company executed the strategic decision to focus its resources on its graphite business, as further discussed above, and discontinue its investment in its lithium business. On December 31, 2020, the Company entered into a Purchase Agreement pursuant to which it agreed to sell its subsidiaries engaged in the Uranium Subsidiaries to enCore. The transaction closed on December 31, 2020. The Company’s lithium business included mineral leases and water rights in Nevada and Utah. The Company elected not to renew the annual lease rentals on the mineral properties, which also voids the water rights. ​ In accordance with ASC 205-20 – “Discontinued Operations,” the enCore transaction represented a major strategic shift for Westwater and resulted in the reclassification of the Company’s uranium activities as discontinued operations and disclosure of the associated profit/loss of the Company’s uranium business as a separate line-item on the Company’s Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2021. ​ The results of the Company’s uranium and lithium business segments included in discontinued operations for the three and six months ended June 30, 2020, were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Three Months Ended | ​ | For the Six Months Ended
(thousands of dollars) |  | June 30, 2020 |  | June 30, 2020
Mineral property expenses |  | $ | (570) |  | $ | (1,172)
General and administrative expenses |  |  | (433) |  |  | (850)
Accretion of asset retirement obligations |  |  | (32) |  |  | (138)
Depreciation and amortization |  |  | (15) |  |  | (26)
Other income (expense) |  |  | 19 |  |  | 30
Net Loss from Discontinued Operations |  | $ | (1,031) |  | $ | (2,156)
​ Our cash flow information for the six months ended June 30, 2020, included the following activities related to discontinued operations:
​ | ​ | ​
​ | For the Six Months Ended
(thousands of dollars) | ​ | June 20, 2020
Depreciation and amortization | $ | 26
Capital Expenditures | ​ | (87)
Accretion of asset retirement obligations | ​ | 138
​

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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