SUPPLEMENTAL FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTAL FINANCIAL INFORMATION

The components of revenues are as follows:

The Company had two major customers to which its sales for the year were as follows: 2021 - $1.57 million; $1.39 million (2020 (one major customer) - $1.55 million); (2019 (four major customers) - $2.72 million; $0.77 million; $0.75 million; $0.74 million).

The Company’s revenues by country of customer for the current year were as follows: 2021 - $1.72 million - U.S.; $1.39 million - Estonia; $0.08 million - Other (2020 - $1.66 million - U.S.) (2019 - $5.80 million - U.S.; $0.07 million - Other).

The Company did not have any deferred revenue at December 31, 2021, 2020 and 2019.

The components of trade receivables are as follows:

The Company had two major customers for which there were outstanding trade receivables as of December 31, 2021 as follows: $1.39 million; $0.37 million (as of December 31, 2020 (one major customer) - $0.35 million).

The Company's trade receivables by country of customer as of December 31, 2021 were as follows: $0.47 million - U.S., $1.39 million - Estonia (as of December 31, 2020: $0.39 million - U.S.).

In December of 2020, the Company entered into a three-year supply agreement with The Chemours Company (“Chemours”) to acquire natural monazite sands from the Chemours' Offerman Mineral Sand Plant in Georgia for processing at the Mill for the production of a marketable mixed RE carbonate as well as recovery of contained uranium, which is currently the Company’s only RE carbonate feed supplier. However, the Company is currently actively engaged in discussions to secure its own sources of monazite sands or other/additional REE bearing deposits.

The components of other income (loss) are as follows:


	Years ended December 31,
	2021		2020		2019
Interest income	$	44	$	153	$	482
Change in value of investments accounted for at fair value	7,106		1,835		(153)
Change in value of warrant liabilities	(8,078)		(5,436)		3,726
Change in value of Convertible Debentures	—		155		291





Foreign exchange gain (loss)	(128)		767		(46)

Department of Energy awards (1)	1,900		—		—
Other	350		233		(322)
Other income (loss)	$	1,194	$	(2,293)	$	3,978

(1)See Part II, Item 7 "Outlook: Update on Rare Earth Element Initiative."

The components of accounts payable and accrued liabilities are as follows:


	December 31, 2021		December 31, 2020
Accounts payable	$	3,038	$	1,108
Payroll liabilities	1,988		1,512
Other accrued liabilities	738		701
Accounts payable and accrued liabilities	$	5,764	$	3,321