Other Liabilities

3 Months Ended

Mar. 31, 2023

Other Liabilities

Other Liabilities

13. Other Liabilities

Other Current Liabilities

The following table sets forth the Company’s other current liabilities:

	March 31,		December 31,
	2023		2022
	(in thousands)
Premium financing	$	248	$	406
Office lease liability		159		164
Mining equipment lease liability		—		70
	$	407	$	640

The premium financing at March 31, 2023, 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 November 2022, the Company financed approximately $445,000 of its insurance premium. The premium is payable in eleven equal payments at an interest rate of 7.0% per annum. At March 31, 2023, the remaining balance, plus accrued interest, was approximately $246,000.

The premium financing at December 31, 2022, consists of the remaining balance, plus accrued interest, related to premiums payable for the Company’s directors and officers, and general liability insurance. In November 2022, the Company financed approximately $445,000 of its insurance premium. The premium is payable in eleven equal payments at an interest rate of 7.0% per annum. At December 31, 2022, the remaining balance, plus accrued interest, was approximately $406,000.

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 (see Note 10).

The mining equipment lease liability is related to equipment used by the contract miner at our Rodeo Property (see Note 10).

Other Long-Term Liabilities

Other long-term liabilities of approximately $100,000 for the period ended March 31, 2023, 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 10).

Other long-term liabilities of approximately $122,000 for the period ended December 31, 2022, 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 10).