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GEOGRAPHIC AND SEGMENT INFORMATION
3 Months Ended 12 Months Ended
Mar. 31, 2019
Dec. 31, 2018
GEOGRAPHIC AND SEGMENT INFORMATION    
Geographic and Segment Information

15. GEOGRAPHIC AND SEGMENT INFORMATION

        The Company currently operates in three reportable segments, which are uranium, lithium and graphite mining activities, including exploration, standby operations and restoration and reclamation activities. As a part of these activities, the Company also explores, evaluates and, if warranted, permits uranium, lithium and graphite properties. The Company's long-term assets were $24.4 million and $25.8 million as of March 31, 2019 and December 31, 2018, respectively. 100% of the long-term assets are located in the United States. The Company reported no revenues during the three months ended March 31, 2019 and March 31, 2018.

        The reportable segments are those operations whose operating results are reviewed by the Chief Executive Officer to make decisions about resources to be allocated to the segment and assess its performance provided those operations pass certain quantitative thresholds. Operations whose revenues, earnings or losses or assets exceed or are expected to exceed 10% of the total consolidated revenue, earnings or losses or assets are reportable segments. Information about current assets and liabilities of the segments has not been provided because the information is not used to assess performance.

        The table below provides a breakdown of the long-term assets by reportable segments as of March 31, 2019 and December 31, 2018:

 
  March 31, 2019  
(thousands of dollars)
  Corporate   Uranium   Lithium   Graphite   Total  

Net property, plant and equipment

  $ 150   $ 11,407   $   $ 8,972   $ 20,529  

Restricted cash

        3,740         10     3,750  

Operating lease right of use assets, non-current

    543     26             569  

Total long-term assets

  $ 693   $ 15,173   $   $ 8,982   $ 24,848  


 

 
  December 31, 2018  
(thousands of dollars)
  Corporate   Uranium   Lithium   Graphite   Total  

Net property, plant and equipment

  $ 162   $ 11,418   $   $ 8,973   $ 20,553  

Restricted cash

        3,722         10     3,732  

Notes receivable, non-current

        1,493             1,493  

Total long-term assets

  $ 162   $ 16,633   $   $ 8,983   $ 25,778  

        The table below provides a breakdown of the reportable segments for the three months ended March 31, 2019 and March 31, 2018. Non-mining activities and other administrative operations are reported in the Corporate column.

 
  Three Months Ended
March 31, 2019
 
(thousands of dollars)
  Corporate   Uranium   Lithium   Graphite   Total  

Statement of Operations

                               

Mineral property expenses

  $   $ 553   $ 1   $ 80   $ 634  

General and administrative expenses

    1,279     392         147     1,818  

Sales and marketing expenses

                18     18  

Accretion of asset retirement costs

        126             126  

Depreciation and amortization

    1     22             23  

Loss from operations

    1,280     1,093     1     245     2,619  

Other (expense) income

    (555 )               (555 )

Loss before taxes

  $ (1,835 ) $ (1,093 ) $ (1 ) $ (245 ) $ (3,174 )


 

 
  Three Months Ended
March 31, 2018
 
(thousands of dollars)
  Corporate   Uranium   Lithium   Graphite   Total  

Statement of Operations

                               

Mineral property expenses

  $   $ 774   $ 8   $   $ 782  

General and administrative

    1,353     452             1,805  

Acquisition related expenses

    755                 755  

Accretion of asset retirement costs

        134             134  

Depreciation and amortization

    1     33             34  

Loss from operations

    2,109     1,393     8         3,510  

Other income

    81     10             91  

Loss before taxes

  $ (2,028 ) $ (1,383 ) $ (8 ) $   $ (3,419 )

12. GEOGRAPHIC AND SEGMENT INFORMATION

The Company currently operates in three reportable segments, which are uranium, lithium and graphite mining activities, including exploration, standby operations and restoration and reclamation activities. As a part of these activities, the Company also explores, evaluates and, if warranted, permits uranium, lithium and graphite properties. The Company’s long-term assets were $25.8 million and $42.4 million as of December 31, 2018 and December 31, 2017, respectively. The long-term assets located in the United States totaled $25.8 million or 100% and $24.4 million or 58% of total long-term assets as of December 31, 2018 and December 31, 2017, respectively. The Company reported no revenues for the years ending December, 31, 2018 and December 31, 2017.

The reportable segments are those operations whose operating results are reviewed by the Chief Executive Officer to make decisions about resources to be allocated to the segment and assess its performance provided those operations pass certain quantitative thresholds. Operations whose revenues, earnings or losses or assets exceed or are expected to exceed 10% of the total consolidated revenue, earnings or losses or assets are reportable segments. Information about current assets and liabilities of the segments has not been provided because the information is not used to assess performance.

The table below provides a breakdown of the long-term assets by reportable segments as of December 31, 2018 and December 31, 2017:

 

   December 31, 2018 
(thousands of dollars)  Corporate   Uranium   Lithium   Graphite   Total 
                     
Net property, plant and equipment  $162   $11,418   $-   $8,973   $20,553 
Restricted cash   -    3,722    -    10    3,732 
Notes receivable, non-current   -    1,493    -    -    1,493 
Total long-term assets  $162   $16,633   $-   $8,983   $25,778 
                          

 

   December 31, 2017 
(thousands of dollars)  Corporate   Uranium   Lithium   Graphite   Total 
                     
Net property, plant and equipment  $211   $35,198   $-   $    -   $35,409 
Restricted cash   -    3,668    -    -    3,668 
Notes receivable, non-current   834    2,494    -    -    3,328 
Total long-term assets  $1,045   $41,360   $-   $-   $42,405 
                          

 

The table below provides a breakdown of the reportable segments for the years ended December 31, 2018 and December 31, 2017. Non-mining activities and other administrative operations are reported in the Corporate column.

 

   Year Ended December 31, 2018 
(thousands of dollars)  Corporate   Uranium   Lithium   Graphite   Total 
Statement of Operations                    
Mineral property expenses  $-   $2,917   $481   $140   $3,538 
General and administrative   4,986    1,846    -    525    7,357 
Acquisition related expenses   333    -    -    -    333 
Accretion of asset retirement costs   -    993    -    -    993 
Depreciation and amortization   5    110    -    1    116 
Impairment of Uranium properties   -    23,712    -    -    23,712 
    5,324    29,578    481    666    36,049 
Loss from operations   (5,324)   (29,578)   (481)   (666)   (36,049)
Other income   196    168    -    1    365 
Loss before taxes  $(5,128)  $(29,410)  $(481)  $(665)  $(35,684)

 

 

   Year Ended December 31, 2017 
(thousands of dollars)  Corporate   Uranium   Lithium   Graphite   Total 
Statement of Operations                    
Mineral property expenses  $-   $3,383   $1,201   $-   $4,584 
General and administrative   4,791    1,823    -    -    6,614 
Acquisition related expenses   1,003    -    -    -    1,003 
Accretion of asset retirement costs   -    1,039    -    -    1,039 
Depreciation and amortization   5    137    -    -    142 
Impairment of Uranium properties   -    11,436    -    -    11,436 
    5,799    17,818    1,201    -    24,818 
Loss from operations   (5,799)   (17,818)   (1,201)   -    (24,818)
Other income   573    4,957    -    -    5,530 
Loss before taxes  $(5,226)  $(12,861)  $(1,201)  $-   $(19,288)