15. GEOGRAPHIC AND SEGMENT INFORMATION

In addition to its corporate operations, the Company currently operates a graphite battery-materials reportable segment. During the quarter ended September 30, 2020, the Company made the strategic decision to sell its uranium business and discontinue its lithium business, both of which conducted exploration, standby operations and restoration and reclamation activities (see Note 8). As a result of entering into the LOI to sell the uranium business and the Company’s decision to discontinue investment into its lithium business, the Company has reclassed all uranium and lithium business activities as discontinued operations.

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 tables below provide a breakdown of the long-term assets by reportable segments as of September 30, 2020 and December 31, 2019:


	September 30, 2020
(thousands of dollars)	Corporate		Graphite		Total

Net property, plant and equipment	$	24	$	8,972	$	8,996
Restricted cash		797		10		807
Operating lease right of use assets		383		—		383
Total long-term assets	$	1,204	$	8,982	$	10,186


	December 31, 2019
(thousands of dollars)	Corporate		Graphite		Total

Net property, plant and equipment	$	23	$	8,972	$	8,995
Restricted cash		787		10		797
Operating lease right of use assets		470		—		470
Total long-term assets	$	1,280	$	8,982	$	10,262

The tables below provide a breakdown of the reportable segments for the three months ended September 30, 2020 and September 30, 2019. Non-mining activities and other administrative operations are reported in the Corporate column.


	Three months Ended
	September 30, 2020
(thousands of dollars)	Corporate		Graphite		Total
Statement of Operations
Mineral property expenses	$	—	$	12	$	12
Product development expenses		—		1,641		1,641
General and administrative expenses		1,347		189		1,536
Arbitration expenses		171		—		171
Depreciation and amortization		(19)		—		(19)
		1,499		1,842		3,341
Loss from operations		(1,499)		(1,842)		(3,341)
Other income/(expense)		(21)		—		(21)
Loss before taxes	$	(1,520)	$	(1,842)	$	(3,362)


	Three months Ended
	September 30, 2019
(thousands of dollars)	Corporate		Graphite		Total
Statement of Operations
Mineral property expenses	$	—	$	12	$	12
Product development expenses		—		19		19
General and administrative		936		67		1,003
Arbitration expenses		146		—		146
Depreciation and amortization		3		—		3
		1,085		98		1,183
Loss from operations		(1,085)		(98)		(1,183)
Other income		13		—		13
Loss before taxes	$	(1,072)	$	(98)	$	(1,170)

The tables below provide a breakdown of the reportable segments for the nine months ended September 30, 2020 and September 30, 2019. Non-mining activities and other administrative operations are reported in the Corporate column.


	Nine months Ended
	September 30, 2020
(thousands of dollars)	Corporate		Graphite		Total
Statement of Operations
Mineral property expenses	$	—	$	18	$	18
Product development expenses		—		1,942		1,942
General and administrative		3,630		476		4,106
Arbitration expenses		868		—		868
Accretion of asset retirement costs		—		—		—
Depreciation and amortization		5		—		5
		4,503		2,436		6,939
Loss from continuing operations		(4,503)		(2,436)		(6,939)
Other income		(7)		—		(7)
Loss before taxes	$	(4,496)	$	(2,436)	$	(6,932)


	Nine months Ended
	September 30, 2019
(thousands of dollars)	Corporate		Graphite		Total
Statement of Operations
Mineral property expenses	$	—	$	77	$	77
Product development expenses		—		51		51
General and administrative		3,300		283		3,583
Arbitration expenses		631		—		631
Accretion of asset retirement costs		—		—		—
Depreciation and amortization		5		—		5
		3,936		411		4,347
Loss from continuing operations		(3,936)		(411)		(4,347)
Other (expense)		(384)		—		(384)
Loss before taxes	$	(4,320)	$	(411)	$	(4,731)