|
Other
assets consist of the following (in thousands).
| |
|
December
31, |
|
| |
|
2016 |
|
|
2015 |
|
| |
|
|
|
|
|
|
| Alameda
security deposit (1) |
|
$ |
597 |
|
|
$ |
593 |
|
| CD for Green Bank collateral
security (2) |
|
|
1,012 |
|
|
|
1,000 |
|
| Nevada sales and use
tax deposit |
|
|
49 |
|
|
|
- |
|
| Facility Closure Trust
deposit (3) |
|
|
100 |
|
|
|
- |
|
| Various
other assets |
|
|
147 |
|
|
|
60 |
|
| |
|
|
1,905 |
|
|
|
1,653 |
|
| Less: current
portion (1) |
|
|
(275 |
) |
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Other
assets, non-current |
|
$ |
1,630 |
|
|
$ |
1,653 |
|
| |
(1) |
The lease deposit
related to the Alameda headquarters will be released in three installments: $275,000 at June 17, 2017, followed by $275,000
in June 2018; and the remainder will be released at the end of the lease term. The current portion is included in Prepaid
expenses and other current assets in the consolidated balance sheet. |
| |
(2) |
The $1.0 million
certificate of deposit is held by Green Bank as collateral for the TRIC construction note payable balance. The deposit with
Green Bank will be released after TRIC has three consecutive months of positive cash flow from operations. |
| |
(3) |
The Company has
entered into a Facility Closure Trust Agreement for the benefit of the Nevada Division of Conservation and Natural Resources
(NDEP). Funds deposited in the Trust are to be available when and if needed, for closure and/or post-closure care of the facility
related to potential decontamination and hazardous material cleanup. The Trustee will reimburse the Company or other persons
as specified by the NDEP from the fund for closure and post-closure expenditures in such amounts as the NDEP shall direct
in writing. In addition, the Trustee shall refund to the Company such amounts as the NDEP specifies in writing. $100,000 was
due upon establishment of the Trust Fund, on October 31, 2016; $350,000 will be due and payable on October 31, 2017, and $220,000
will be due on October 31, 2018. |
|