Other Liabilities

6 Months Ended

Jun. 30, 2021

Other Liabilities

Other Liabilities

11.     Other Liabilities

Other Current Liabilities

The following table sets forth the Company’s other current liabilities at June 30, 2021 and December 31, 2020:

	June 30,		December 31,
	2021		2020
	(in thousands)
Premium financing	$	52	$	390
Office lease liability		150		138
Mining equipment lease liability		187		139
	$	389	$	667

The premium financing at June 31, 2021 consists of the remaining balance, plus accrued interest, related to premiums payable for the Company’s directors and officers insurance and general liability insurance. In June 2020, the Company financed $110,000 of its premium for general liability insurance. The premium was payable in twelve equal payments at an interest rate of 5.74% per annum. At June 30, 2021, the remaining balance, plus accrued interest, had been paid in full. In December 2020, the Company financed $406,000 of its premium for directors and officers insurance. The premium is payable in eight equal payments at an interest rate of 5.74% per annum. At June 30, 2021 the remaining balance, plus accrued interest, was approximately $51,600.

The premium financing at December 31, 2020 consists of the remaining balance, plus accrued interest, related to premiums payable for the Company’s directors and officers insurance of $367,000 and general liability insurance of $23,000.

The office lease liability is related to lease liabilities for office space at the Company’s principal headquarters in Golden, Colorado and in Mexico and Argentina.

The mining equipment lease liability is related to equipment used by the contract miner at our Rodeo property (see Note 8).

Other Long-Term Liabilities

Other long-term liabilities of $0.5 million for the period ended June 30, 2021, consist of approximately $0.2 million related to the mining equipment lease liability at our Rodeo Property and $0.3 million related to lease liabilities for office space at the Company’s principal headquarters in Golden Colorado and in Mexico and Argentina (see Note 8).

Other long-term liabilities of $0.6 million for the period ended December 31, 2020, consist of $0.3 million related to a mining equipment lease liability at our Rodeo Property and $0.3 million related to lease liabilities for office space at the Company’s principal headquarters in Golden Colorado and in Mexico and Argentina (see Note 8).