Prepaid expenses and other current assets

9 Months Ended

Sep. 30, 2012

Prepaid expenses and other current assets

Prepaid expenses and other current assets

5.   Prepaid expenses and other current assets

Prepaid expenses and other current assets consist of the following:

	September 30,		December 31,
	2012		2011
	(in thousands)
Prepaid insurance	$	313	$	590
Prepaid contractor fees and vendor advances	486		1,557
Accounts receivable	—		682
Recoupable deposits and other	378		290
	$	1,177	$	3,119

The prepaid contractor fees and vendor advances consist of advance payments made to equipment manufacturers, contractors and suppliers primarily at the Company’s Velardeña Operations in Mexico.

Included in non-current assets at September 30, 2012 and December 31, 2011 were approximately $0.2 million and $0.3 million, respectively of prepaid insurance on which amortization will be recognized through 2015.