XML 27 R18.htm IDEA: XBRL DOCUMENT v3.22.2.2
Other Liabilities
9 Months Ended
Sep. 30, 2022
Other Liabilities  
Other Liabilities

11. Other Liabilities

Other Current Liabilities

The following table sets forth the Company’s other current liabilities at September 30, 2022 and December 31, 2021:

September 30,

December 31,

    

2022

2021

(in thousands)

Premium financing

$

$

394

Office lease liability

 

160

 

120

Mining equipment lease liability

116

207

$

276

$

721

The premium financing consists of the remaining balance, plus accrued interest, related to premiums payable for the Company’s directors’ and officers’ insurance. In November 2021 the Company financed approximately $0.4 million of its premium for directors’ and officers’ insurance. The premium was payable in eight equal payments at an interest rate of 4.0% per annum.

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 9).

Other Long-Term Liabilities

Other long-term liabilities of $0.1 million for the period ended September 30, 2022, is all related to lease liabilities for office space at the Company’s principal headquarters in Golden Colorado and in Mexico and Argentina (see Note 9).

Other long-term liabilities of $0.4 million for the period ended December 31, 2021, are primarily related to lease liabilities for office space at the Company’s principal headquarters in Golden, Colorado and in Mexico and Argentina (see Note 9). Also included in other long-term liabilities is approximately $19,000 of deferred income taxes payable (see Note 14).