ACQUISITIONS (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2019

Dec. 31, 2018

ACQUISITIONS

Schedule of Fair Value of Assets Acquired and Liabilities Assumed

The following summarizes the preliminary allocation of purchase price to the fair value of assets acquired and liabilities assumed as of the acquisition date (in thousands):

Consideration:
Cash	$	2,397
Issuance of 232,504 common shares for replacement of Alabama Graphite shares		6,394
Issuance of 7,280 options for replacement of Alabama Graphite options		35
Issuance of 42,888 warrants for replacement of Alabama Graphite warrants		54
	$	8,880
The fair value of the consideration given was allocated as follows:
Assets:
Cash and cash equivalents	$	17
Short-term receivables		113
Prepaid expenses		42
Property, plant, equipment and graphite mineral interests		8,973
Total assets		9,145
Liabilities:
Accounts payable and accrued liabilities		265
Total liabilities		265
Net assets	$	8,880

The following summarizes the preliminary allocation of purchase price to the fair value of assets acquired and liabilities assumed as of the acquisition date (in thousands):

Consideration:
Cash	$	2,397
Issuance of 11,625,210 common shares for replacement of Alabama Graphite shares		6,394
Issuance of 364,000 options for replacement of Alabama Graphite options		36
Issuance of 2,144,378 warrants for replacement of Alabama Graphite warrants		54
	$	8,881
The fair value of the consideration given was allocated as follows:
Assets:
Cash and cash equivalents	$	17
Short-term receivables		113
Prepaid expenses		42
Property, plant, equipment and graphite mineral interests		8,973
Total assets		9,145
Liabilities:
Accounts payable and accrued liabilities		264
Total liabilities		264
Net assets	$	8,881