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Prepaids and Other, Net
 9 Months Ended
Sep. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaids and Other, Net Prepaids and Other, Net
The following table provides the components of Prepaids and other, net and Other assets (dollars in thousands):
September 30,
2021		December 31,
2020
Prepaids and other, net
Prepaids
Insurance$2,191 $1,847 
Prepaid supplies inventory1,770 — 
Mining claims and permitting fees1,283 417 
License fees207 259 
Equipment mobilization— 423 
Other7 252 
Deposits208 1,105 
Total$5,666 $4,303 
Other assets, non-current
Equipment not in use$12,238 $12,238 
Royalty - advance payment600 360 
Prepaid supplies inventory— 885 
Total$12,838 $13,483 
Deposits
During the third quarter of 2021, the Company determined that additional equipment was no longer expected to be purchased under the current mine plan. Accordingly, a full reserve was applied against a $0.9 million deposit previously paid by the Company to an equipment supplier.
Equipment not in use
As of September 30, 2021, equipment not in use was classified as Other assets and included ball mills, SAG mills, regrind mills, and related motors and components that were previously purchased by a predecessor of the Company. During the second quarter of 2020, the Company engaged an international equipment broker to advertise equipment not in use for potential sale. As a result, the Company recorded an adjustment of $5.3 million to the carrying value during the third quarter of 2020 to reflect the fair market value of the equipment not in use. As of September 30, 2021, the equipment remains not in use and it is uncertain if the Company will sell any of the equipment within one year.
Prepaid supplies inventory
The Company has multiple inventory consignment agreements with certain of its suppliers of parts used in the crushing, drilling, and blasting processes that require the supplier to maintain a specified inventory of replacement parts and components that are exclusively for purchase and use at the Hycroft Mine. As part of the agreements, the Company is required to make certain payments in advance of receiving such consignment inventory at the mine site. The Company records advance payments as prepaid supplies inventory within Other assets until such inventory is received, at which point, the amounts are reclassified to Inventories.
Royalty - advance payment
As of September 30, 2021, royalty-advance payments included annual advance payments for a portion of the Hycroft Mine that is subject to a mining lease requiring a 4% net profit royalty be paid to the owner of certain patented and unpatented mining claims. Refer to Note 20 - Commitments and Contingencies for further detail.