5. EQUIPMENT AND LAND

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

EQUIPMENT AND LAND

At December 31, 2015 and 2014, equipment consisted of the following:

	December 31, 2015			December 31, 2014
	Cost	Accumulated depreciation	Net book value	Cost	Accumulated depreciation	Net book value
Computer equipment	$        186	$              178	$       8	$         189	$              168	$       21
Furniture	106	72	34	111	64	47
Geological equipment	488	371	117	488	319	169
Vehicles	221	153	68	221	114	107
	$     1,001	$             774	$     227	$      1,009	$             665	$     344

Depreciation expense for the year ended December 31, 2015 and 2014 was $118 and $210, respectively. We evaluate the recoverability of the carrying value of equipment when events and circumstances indicate that such assets might be impaired.

On April 29, 2013, we completed a land acquisition from the state of Wyoming in conjunction with a third-party land exchange, resulting in an additional 640 acres being owned by the Company and subject to a royalty retained by the state of Wyoming. The royalty is a non-participating interest at the royalty rate commensurate with the state or federal royalty rate, whichever is higher, for any such mineral(s), at the time of development. The property is immediately adjacent to our mine site, and the cash consideration paid was $980.