Prepaid Expenses and Other Assets

12 Months Ended

Dec. 31, 2013

Prepaid Expenses and Other Assets

Prepaid Expenses and Other Assets

6. Prepaid Expenses and Other Assets

Prepaid expenses and other assets consist of the following:

	December 31,
	2013		2012
	(in thousands)
Prepaid insurance	$	687	$	611
Prepaid contractor fees and vendor advances	193		148
Taxes receivable	96		—
Recoupable deposits and other	115		285
	$	1,091	$	1,044

December 31, 2013

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

In addition, included in non-current assets at December 31, 2013 is approximately $30,000 of prepaid insurance on which amortization will be recognized through 2015.

December 31, 2012

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

In addition, included in non-current assets at December 31, 2012 is approximately $163,000 of prepaid insurance on which amortization will be recognized through 2015.