XML 73 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
OTHER LONG-TERM LIABILITIES AND DEFERRED CREDITS
 12 Months Ended
Dec. 31, 2013
OTHER LONG-TERM LIABILITIES AND DEFERRED CREDITS  
OTHER LONG-TERM LIABILITIES AND DEFERRED CREDITS

10. OTHER LONG-TERM LIABILITIES AND DEFERRED CREDITS

        Other long-term liabilities and deferred credits on the balance sheet consisted of:

 
   At December 31,  
 
   2013   2012  

Royalties payable(1)

   $ 500,000   $ 500,000  

Crownpoint property(1)

     450,000     450,000  

GE purchase contract(2)

     400,000     —  
           
​ ​ ​ ​ ​ ​ ​ ​

 

   $ 1,350,000   $ 950,000  
           
​ ​ ​ ​ ​ ​ ​ ​
(1)
Royalties payble and Crownpoint property liability were derived during prior years of production. Liabilities do not accrue interest or have a stated maturity date.

(2)
Balance is due on August 1, 2015.