Westwater Resources (WWR) 10-Q 11 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 11, 2016
Document And Entity Information
Entity Registrant Name	URANIUM RESOURCES INC /DE/
Entity Central Index Key	839,470
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		8,564,622
Trading Symbol	URRE
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,016

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 974	$ 865
Prepaid and other current assets	618	1,140
Total Current Assets	1,592	2,005
Property, plant and equipment, at cost:
Property, plant and equipment	113,927	114,496
Less accumulated depreciation, depletion and impairment	(65,778)	(65,684)
Net property, plant and equipment	48,149	48,812
Restricted cash	4,032	4,026
Long-term assets held for sale	2,123	2,123
Total Assets	55,896	56,966
Current Liabilities:
Accounts payable	2,858	3,046
Accrued liabilities	1,525	1,569
Convertible loan, net of discount - related party	7,054	6,154
Current portion of asset retirement obligations	121	121
Total Current Liabilities	11,558	10,890
Asset retirement obligations, net of current portion	4,433	4,242
Other long-term liabilities and deferred credits	750	800
Long-term liabilities related to assets held for sale	555	555
Total Liabilities	17,296	16,487
Commitments and Contingencies
Stockholders' Equity:
Common stock, 100,000,000 shares authorized, $.001 par value; Issued shares - 7,526,882 and 4,530,211, respectively Outstanding shares - 7,518,857 and 4,522,186, respectively	8	5
Paid-in capital	265,027	258,096
Accumulated other comprehensive income		(67)
Accumulated deficit	(226,177)	(217,297)
Treasury stock (8,025 and 8,025 shares, respectively), at cost	(258)	(258)
Total Stockholders' Equity	38,600	40,479
Total Liabilities and Stockholders' Equity	$ 55,896	$ 56,966

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, shares authorized	100,000,000	100,000,000
Common stock par value	$ .001	$ .001
Common stock, shares issued	7,526,882	4,530,211
Common stock, shares outstanding	7,518,857	4,522,186
Treasury stock, shares	8,025	8,025

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Operating Expenses:
Mineral property expenses	$ (1,138)	$ (1,292)	$ (1,869)	$ (2,101)
General and administrative	(2,007)	(2,406)	(4,152)	(4,501)
Accretion of asset retirement obligations	(120)	(113)	(240)	(225)
Depreciation and amortization	(50)	(84)	(132)	(169)
Impairment of uranium properties	(534)		534
Total operating expenses	(3,849)	(3,895)	(6,927)	(6,996)
Non-Operating Income/(Expenses):
Commitment fees			(333)
Interest expense	(780)	(655)	(1,523)	(1,330)
Loss on sale of available-for-sale securities			(116)
Other income/(expense), net	22	(2)	19	13
Total non-operating expense	(758)	(657)	(1,953)	(1,317)
Net Loss	(4,607)	(4,552)	(8,880)	(8,313)
Other Comprehensive Loss
Unrealized fair value decrease on available-for-sale securities			(49)
Transfer to realized loss upon sale of available-for-sale securities			116
Comprehensive Loss	$ (4,607)	$ (4,552)	$ (8,813)	$ (8,313)
BASIC AND DILUTED LOSS PER SHARE	$ (0.75)	$ (1.83)	$ (1.60)	$ (3.54)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	6,151,858	2,482,802	5,559,877	2,348,613

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows and Supplemental Cash Flow Information (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating Activities:
Net loss	$ (8,880)	$ (8,313)
Reconciliation of net loss to cash used in operations:
Accretion of asset retirement obligations	240	225
Amortization of debt discount	900	899
Amortization of convertible loan establishment fee	50	50
Loss on sale of marketable securities	116
Common stock issued as payment for commitment fees	333
Impairment of uranium properties	534
Costs incurred for restoration and reclamation activities	(49)	(88)
Depreciation and amortization	132	169
Stock based compensation expense	470	625
Gain on disposal of property, plant and equipment		(18)
Effect of changes in operating working capital items:
(Increase)/decrease in receivables	47	(2)
Decrease in prepaid and other current assets	130	50
Increase in payables, accrued liabilities and deferred credits	737	568
Net Cash Used In Operating Activities	(5,240)	(5,835)
Cash Flows From Investing Activities:
Proceeds from the sale of investments	247
Increase in notes receivable		(780)
Increase in restricted cash	(6)
Purchases of equipment		(12)
Proceeds from disposal of property, plant and equipment		18
Net Cash Provided By/(Used In) Investing Activities	241	(774)
Cash Flows From Financing Activities:
Payments on borrowings		(4)
Issuance of common stock, net	5,108	5,654
Payment of minimum withholding taxes on net share settlements of equity awards		(126)
Net Cash Provided By Financing Activities	5,108	5,524
Net increase/(decrease) in cash and cash equivalents	109	(1,085)
Cash and cash equivalents, beginning of period	865	5,570
Cash and Cash Equivalents, End of Period	974	4,485
Cash paid during the period for:
Interest	286
Supplemental Non-Cash Information With Respect to Investing and Financing Activities:
Common stock issued for settlement of accounts payable	778
Common stock issued for payment of convertible loan interest and fees	242	380
Common stock issued for payment of commitment fees	$ 523

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - 6 months ended Jun. 30, 2016 - USD ($) $ in Thousands	Common Stock [Member]	Paid-In Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]	Treasury Stock [Member]	Total
Balance at Dec. 31, 2015	$ 5	$ 258,096	$ (67)	$ (217,297)	$ (258)	$ 40,479
Balance shares at Dec. 31, 2015	4,522,186
Net loss				(8,880)		(8,880)
Common stock issued, net of issuance costs	$ 3	4,585				4,588
Common stock issued, net of issuance costs, shares	2,471,561
Common stock issued for loan interest		242				242
Common stock issued for loan interest, shares	38,086
Common stock issued for settlement of accounts payable		778				778
Common stock issued for settlement of accounts payable, shares	164,326
Common stock issued as payment for commitment fees		856				856
Common stock issued as payment for commitment fees, shares	315,000
Stock compensation expense and related share issuances		470				470
Stock compensation expense and related share issuances, shares	7,698
Reclassification of unrealized holding loss to realized holding loss			67			67
Balance at Jun. 30, 2016	$ 8	$ 265,027		$ (226,177)	$ (258)	$ 38,600
Balance shares at Jun. 30, 2016	7,518,857

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements for Uranium Resources, Inc. (the “Company,” “we,” “us,” or “URI”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The accompanying statements should be read in conjunction with the audited financial statements included in Uranium Resources, Inc.’s 2015 Annual Report on Form 10-K. In the opinion of management, all adjustments (which are of a normal, recurring nature) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for any other period including the full year ending December 31, 2016. Recently Issued Accounting Pronouncements In August 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update No. 2014-15 (ASU 2014-15), “Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern”, which provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity's ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity's ability to continue as a going concern. ASU 2014-15 applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. We do not expect to early adopt this guidance and do not believe that the adoption of this guidance will have a material impact on our financial statements or related disclosures.

Liquidity and Going Concern

Liquidity and Going Concern	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidity and Going Concern	2. LIQUIDITY AND GOING CONCERN The accompanying unaudited condensed consolidated financial statements of the Company have been prepared on a “going concern” basis, which means that the continuation of the Company is presumed even though events and conditions exist that, when considered in the aggregate, raise substantial doubt about the Company’s ability to continue as a going concern because it is possible that the Company will be unable to meet its obligations as they become due within one year after the date that these financial statements were issued. Since the second half of 2015, the Company has faced liquidity challenges. The Company has encountered difficulties raising sufficient capital as a result of weak capital markets, particularly in the commodities sector. The Company’s liquidity was further challenged following the completion of the acquisition of Anatolia Energy Limited (“Anatolia Energy”) on November 9, 2015, whereby the Company acquired all of the issued and outstanding common stock of Anatolia Energy (the “Anatolia Transaction”), as the Company incurred higher than expected transaction costs and assumed significant unpaid trade payables from Anatolia Energy. At June 30, 2016 the Company’s cash balances were $1.0 million and the Company had a working capital deficit of $10.0 million. Contributing to the working capital deficit was the reclassification of the RCF Loan (defined in Note 6, below) from long-term to short-term liabilities as the RCF Loan matures on December 31, 2016. Subsequent to the quarter-end, the Company sold 995,100 shares of common stock under the CSPA (defined below) for net proceeds of $1.4 million. The ending cash balance of $1.0 million along with the proceeds received from the CSPA is expected to provide the Company with sufficient capital to fund its critical operations through September 30, 2016. The Company anticipates funding from the following sources to sustain its operations beyond September 30, 2016: · Laramide Asset Sale On April 7, 2016, Laramide Resources Ltd. (“Laramide Resources”) and the Company entered into a Share Purchase Agreement (the “Laramide SPA”) for the sale of its wholly-owned subsidiary Hydro Resources Inc., which holds the Company’s Churchrock and Crownpoint properties in New Mexico for $12.5 million. Under the terms of the Laramide SPA, the Company expects to receive an initial cash payment of $5.25 million upon closing. The closing is subject to certain conditions including completion of a financing by Laramide Resources on commercially reasonable terms and in such amount as is necessary to fund the $5.25 million cash payment. Closing is currently anticipated to occur by the end of the third quarter of 2016. Either party may terminate the Laramide SPA if the closing has not occurred by September 30, 2016. See note 5 for further discussion. · Common Stock Purchase Agreement with Aspire Capital On April 8, 2016, the Company entered into a Common Stock Purchase Agreement (“CSPA”) with Aspire Capital Fund, LLC (“Aspire Capital”) to place up to $12.0 million in the aggregate of its common stock over a term of 30 months following receipt of shareholder approval. The Company’s shareholders approved the issuance of up to 5.0 million shares of common stock under the CSPA at its Annual General Meeting of Stockholders on June 7, 2016. As of August 11, 2016 the Company has approximately $8.9 million or 3.0 million shares of common stock available for future sales. · At-the-Market Sales Agreement The Company has an existing ATM Sales Agreement that allows it to sell, from time-to-time, shares of its common stock in at-the-market offerings having an aggregate offering amount up to $15.0 million of which we have approximately $4.5 million available for future sales as of August 11, 2016. The Company is unable to sell shares of its common stock through the ATM Sales Agreement on dates that it places shares with Aspire Capital through its CSPA. The Company’s ability to continue to fund its ongoing operations and continue as a going concern is dependent upon the sources of capital above and the renegotiation of the RCF Loan. While the Company initially expected that the Laramide SPA would close by June 30, 2016, Laramide Resources has experienced delays in obtaining the necessary funding to close the transaction. Based on continued discussions with Laramide Resources, the Company believes that the funding will be in place to close by September 30, 2016. In addition, factors such as the Company’s market capitalization, current share price, volatility of trading volume and potential to fall below the reference price under the CSPA ($0.50 per share) may make it difficult for the Company to fully utilize the $8.9 million and $4.5 million available under the CSPA and ATM Sales Agreement, respectively. Therefore, the Company may need to raise additional capital from other sources. The Company is currently evaluating its options with respect to the RCF Loan and continues to explore opportunities to further monetize its non-core assets and identify ways to reduce its cash expenditures. The Company has been successful at raising capital in the past, most recently with the completion of registered direct offerings on April 4, 2016 and February 4, 2016 for gross proceeds of $1.25 million and $0.8 million, respectively, and two registered direct offerings during 2015 which occurred on December 18, 2015 and March 6, 2015 for aggregate net proceeds of $6.1 million. In addition, the Company was able to successfully raise capital in 2013 and 2014 through debt and equity fundraising efforts. Specifically, the Company completed a registered direct offering in February 2014 for net proceeds of $9.3 million and procured a convertible secured debt facility in November 2013 that provided the Company with $8.0 million in cash, which debt matures in December 2016. While the Company has been successful in the past raising funds through equity and debt financings as well as through the sale of non-core assets, no assurance can be given that additional financing will be available to it in amounts sufficient to meet the Company’s needs, including upon the maturity of our outstanding debt, or on terms acceptable to the Company. In the event funds are not available, the Company may be required to materially change its business plans and it could default under the RCF Loan.

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]
Property, Plant and Equipment	3. PROPERTY, PLANT AND EQUIPMENT Net Book Value of Property, Plant and Equipment at June 30, 2016 (thousands of dollars) Turkey Texas New Mexico Corporate Total Uranium plant $ - $ 8,626 $ - $ - $ 8,626 Mineral rights and properties 17,968 979 19,102 - 38,049 Other property, plant and equipment 22 1,289 - 163 1,474 Total $ 17,990 $ 10,894 $ 19,102 $ 163 $ 48,149 Net Book Value of Property, Plant and Equipment at December 31, 2015 (thousands of dollars) Turkey Texas New Mexico Corporate Total Uranium plant $ - $ 8,653 $ - $ - $ 8,653 Mineral rights and properties 17,968 1,513 19,102 - 38,583 Other property, plant and equipment 22 1,352 - 202 1,576 Total $ 17,990 $ 11,518 $ 19,102 $ 202 $ 48,812 During the quarter ended June 30, 2016, the Company recorded an impairment charge of $0.5 million on its Sejita Dome project which was the result of URI’s Board of Directors and management determining that recent exploration results indicated that the project should be terminated. As a result, the carrying value of the Sejita Dome project was written down to nil.

Mineral Property Expenditures

Mineral Property Expenditures	6 Months Ended
	Jun. 30, 2016
Mineral Property Expenditures
Mineral Property Expenditures	4. MINERAL PROPERTY EXPENDITURES Mineral property expenditures by country for the three and six months ended June 30, 2016 and 2015 For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 (thousands of dollars) Temrezli project, Turkey $ 180 $ - $ 421 $ - Total Turkey projects 180 - 421 - Kingsville Dome project, Texas 176 152 410 389 Rosita project, Texas 92 134 160 243 Vasquez project, Texas 102 131 260 297 Butler Ranch project, Texas 4 13 9 71 Other projects, Texas 44 322 61 480 Total Texas projects 418 752 900 1,480 Cebolleta project, New Mexico 537 537 537 537 Juan Tafoya project, New Mexico 3 3 11 9 Other projects, New Mexico - - - 75 Total New Mexico projects 540 540 548 621 Total expense for the period $ 1,138 $ 1,292 $ 1,869 $ 2,101

Assets Held for Sale

Assets Held for Sale	6 Months Ended
	Jun. 30, 2016
Assets Held For Sale
Assets Held for Sale	5. ASSETS HELD FOR SALE On April 7, 2016, the Company entered into the Laramide SPA with Laramide Resources for the sale of its wholly-owned subsidiary Hydro Resources, Inc., which holds the Company’s Churchrock and Crownpoint projects. Under the terms of the Laramide SPA, the Company is set to transfer ownership of the Churchrock and Crownpoint projects in exchange for the following consideration from Laramide Resources at closing: · $5.25 million in cash; and · $7.25 million promissory note, secured by a deed of trust or mortgage over the projects. The note will have a three-year term and carry an initial interest rate of 5% which then increases to 10% upon Laramide Resources decision regarding commercial production at the Churchrock project. Principal payments of approximately $2.4 million are due and payable on the anniversary of the closing of the transaction in each of 2017, 2018 and 2019. Interest will be payable on a quarterly basis, provided however that no interest will be payable prior to the first principal payment in 2017. The closing under the Laramide SPA is subject to various conditions, including, without limitation, completion of a financing by Laramide Resources on commercially reasonable terms and in such amount as is necessary to fund the $5.25 million purchase price and certain customary and required consents and releases of and by third parties, including RCF. Either party may terminate the Laramide SPA if the closing thereunder has not occurred on or before September 30, 2016. The United States Nuclear Regulatory Commission has approved the transfer of the Company’s license to Laramide Resources, effective at closing. As a result, the assets and liabilities associated with the Churchrock and Crownpoint projects have been classified as held for sale as of June 30, 2016 and December 31, 2015. The Company recently acquired a portion of the Churchrock project from Energy Fuels Inc., and recorded the assets at a fair value of $2.1 million. As the agreed sales proceeds exceed the carrying value, no further fair value adjustment was necessary. The remaining Churchrock and Crownpoint properties mineral rights were previously impaired and the carrying value is nil.

Convertible Loan, Related Party

Convertible Loan, Related Party	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Convertible Loan, Related Party	6. CONVERTIBLE LOAN, RELATED PARTY On November 13, 2013, the Company entered into a loan agreement (the “RCF Loan”) with Resource Capital Fund V L.P. (“RCF”), whereby RCF agreed, subject to the terms and conditions set forth in the RCF Loan, to provide a secured convertible loan facility of up to $15.0 million to the Company, which was subsequently amended on April 29, 2014 to reduce the amount available thereunder from $15.0 million to $8.0 million, all of which has been drawn. No additional amounts may be drawn under the RCF Loan. Amounts drawn under the RCF Loan mature on December 31, 2016 and bear interest at 10% per annum, payable quarterly in arrears in shares of the Company’s common stock or, at RCF’s election, in cash. The number of shares to be issued as payment for interest is determined based upon the volume weighted-average price (“VWAP”) of the Company’s common stock for the 20 trading days preceding the last day of each quarter. Accordingly, the Company issued 38,086 shares of common stock on January 4, 2016 for settlement of interest expense of $0.2 million related to the three-month period ended December 31, 2015. RCF elected to receive cash in lieu of shares for the March 31, 2016 interest payment. On June 10, 2016, the Company paid $0.3 million to RCF which included $0.2 million in interest owing from March 31, 2016 and a $0.1 million interest penalty on the late payment. As of June 30, 2016, interest expense of $0.2 million relating to the three-month period ended June 30, 2016 was included in accrued liabilities on the Company’s Condensed Consolidated Balance Sheets. The Company subsequently paid this interest in cash on July 8, 2016. The following table represents the key components of the RCF Loan: June 30, December 31, 2016 2015 (thousands of dollars) Debt principal $ 8,000 $ 8,000 Unamortized discount (946) (1,846) Carrying value of convertible loan, end of period $ 7,054 $ 6,154 For the three- and six-month periods ended June 30, 2016, the Company recorded amortization of the debt discount and establishment fee of $0.5 million and $1.0 million, respectively, which has been included in interest expense in the Company’s Condensed Consolidated Statements of Operations. RCF may convert amounts drawn under the RCF Loan into shares of the Company’s common stock at any time prior to maturity on December 31, 2016. The conversion price is set at $31.20 per share. As of August 11, 2016, RCF owned 718,137 shares or 8.4% of the Company’s outstanding common stock. If RCF were to convert the entire $8.0 million outstanding under the RCF Loan, RCF would receive 256,410 shares of the Company’s common stock, and RCF’s ownership percentage in the Company would increase to 11.1%.

Asset Retirement Obligations

Asset Retirement Obligations	6 Months Ended
	Jun. 30, 2016
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	7. ASSET RETIREMENT OBLIGATIONS The following table summarizes the changes in the reserve for future restoration and reclamation costs on the balance sheet: June 30, December 31, 2016 2015 (thousands of dollars) Balance, beginning of period $ 4,468 $ 4,196 Liabilities settled (49) (178) Accretion expense 240 450 Balance, end of period 4,659 4,468 Less: Current portion (121) (121) Less: Liabilities held for sale (105) (105) Non-current portion $ 4,433 $ 4,242 The Company is currently performing surface reclamation activities at its Rosita project located in Duval County, Texas. The Company’s current liability of $0.1 million consists of the estimated costs associated with current and planned surface reclamation activities through June 2017 at the Company’s Rosita project.

Common Stock

Common Stock	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Common Stock	8. COMMON STOCK Common Stock Issued, Net of Issuance Costs Reverse Stock Split Immediately following the close of trading on March 7, 2016, the Company effected a one-for-twelve reverse stock split of its common stock. With the reverse stock split, every twelve shares of the Company’s issued and outstanding common stock were combined into one issued and outstanding share of common stock. The reverse stock split reduced the number of shares outstanding from approximately 61.8 million shares to approximately 5.2 million shares. In addition, effective upon the reverse stock split, the number of authorized shares of the Company’s common stock was reduced from 200 million to 100 million. The reverse stock split did not have any effect on the par value of the Company’s common stock. No fractional shares were issued as a result of the reverse stock split. Any fractional shares that would have resulted were settled in cash. All share data herein has been retroactively adjusted for the reverse stock split. Registered Direct Offerings On February 3, 2016, URI and Aspire Capital entered into a stock purchase agreement whereby URI sold 296,666 shares of its common stock in a registered direct offering for gross and net proceeds of $0.8 million. There were no underwriting discounts or placement agent fees. On April 4, 2016, URI and Aspire Capital completed a registered direct offering whereby URI sold 375,000 shares of its common stock at a price of $2.17 per share and 200,000 pre-funded common stock purchase warrants at a price of $2.16 per warrant, which was paid at closing. Gross proceeds from the offering were $1.2 million, including $0.4 million from the sale of the pre-funded warrants. The warrants had an exercise price of $0.01 per share and a term of three years. On June 3, 2016, Aspire Capital exercised all outstanding common stock purchase warrants and the Company issued 200,000 shares of common stock to Aspire Capital as a result. Common Stock Purchase Agreement with Aspire Capital On April 8, 2016, the Company entered into the CSPA with Aspire Capital to place up to $12.0 million in the aggregate of the Company’s common stock on an ongoing basis when required by the Company over a term of 30 months. The Company will control the timing and amount of sales to Aspire Capital, and at a price based on market prices at that time. As consideration for Aspire Capital entering into the purchase agreement, the Company issued 240,000 shares of its common stock to Aspire Capital upon the Company’s receipt of stockholder approval at its Annual General Meeting of Stockholders which was held on June 7, 2016. Following effectiveness of an S-1 registration statement relating to the resale of the shares subject to the CSPA on June 3, 2016 and receipt of stockholder approval for the issuance of up to 5.0 million shares of its common stock on June 7, 2016, the Company began selling shares of its common stock to Aspire Capital under the terms of the CSPA. During the six months ended June 30, 2016, the Company sold 1,000,000 shares of common stock for net proceeds of $1.7 million under the CSPA. Subsequent to June 30, 2016, the Company sold 995,100 shares of common stock for net proceeds of approximately $1.4 million under the CSPA. As of August 11, 2016, approximately $8.9 million of the aggregate $12.0 million remained available for future sales under the CSPA. At-the-Market Sales On October 31, 2011, the Company entered into an At-The-Market Sales Agreement with BTIG LLC (the “ATM Sales Agreement”), a major global securities trading firm that acts as our sales agent. Under the ATM Sales Agreement, the Company may from time to time sell shares of its common stock having an aggregate offering amount up to $15.0 million in “at-the-market” offerings, which shares are registered under the Company’s currently effective registration statement on Form S-3. The Company filed a prospectus supplement dated November 17, 2015 with the Securities and Exchange Commission in connection with the offering, relating to shares of its common stock having an aggregate offering price of up to $6.0 million. The Company pays BTIG a commission equal to 3.0% of the gross proceeds from the sale of any shares pursuant to the ATM Sales Agreement. During the six months ended June 30, 2016 the Company sold 599,896 shares of common stock for net proceeds of $1.4 million under the ATM Sales Agreement. As of August 11, 2016, approximately $4.5 million of the aggregate $15.0 million remained available for future sales under the ATM Sales Agreement. Option Agreement On February 3, 2016, the Company issued 75,000 shares of our common stock, with a fair value on the date of issuance of $0.3 million, to Aspire Capital as consideration for Aspire Capital entering into an option agreement (the “Option Agreement”) by which Aspire Capital granted the Company the right at any time or times prior to April 30, 2017 to require Aspire Capital to enter into up to two common stock purchase agreements, each having a term of up to 24 months and collectively requiring Aspire Capital to purchase up to $10 million in the aggregate of our common stock at such times and in such amounts as elected by the Company under the terms of the option agreement. The parties terminated the Option Agreement upon entering into the CSPA. Common Stock Issued for Loan Interest and Fees As discussed in Note 6 above, unless RCF elects to receive cash, RCF receives common shares of the Company for the payment of interest owing on the RCF Loan. For the six months ended June 30, 2016, the Company issued 38,086 shares of common stock for the payment of $0.2 million in accrued interest and fees for the three-month period ended December 31, 2015. Common Stock Issued for Anatolia Energy transaction fees On January 8, 2016, the Company issued 117,097 shares with a fair market value per share of $6.00 in satisfaction of $0.7 million in required termination payments related to the Anatolia Transaction. On June 30, 2016, the Company issued 47,229 shares of common stock with a fair value per share of $1.60 in satisfaction of $0.1 million in fees related to the Anatolia Transaction.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	9. STOCK-BASED COMPENSATION Stock-based compensation awards consist of stock options, restricted stock units (“RSUs”) and restricted stock awards (“RSAs”) issued under the Company’s equity incentive plans which include: the 2013 Omnibus Incentive Plan (the “2013 Plan”); the 2007 Restricted Stock Plan (the “2007 Plan”); the Amended and Restated 2004 Directors’ Stock Option and Restricted Stock Plan (the “2004 Directors’ Plan”); and the 2004 Stock Incentive Plan (the “2004 Plan”). Upon approval of the 2013 Plan by the Company’s stockholders on June 4, 2013, the Company’s authority to grant new awards under all plans other than the 2013 Plan was terminated. As of June 30, 2016, 44,085 shares were available for future issuances under the 2013 Plan. For the three months ending June 30, 2016 and 2015, the Company recorded stock-based compensation expense of $0.3 million and $0.2 million, respectively. For the six months ending June 30, 2016 and 2015, the Company recorded stock-based compensation of $0.5 million and $0.6 million respectively. Stock-based compensation is included in general and administrative expense. In addition to the plans above, upon completion of the Anatolia Transaction, the Company issued 374,749 replacement options and performance shares to the option holders and performance shareholders of Anatolia Energy. The number of replacement options and performance shares was based upon the Black-Scholes value with the exercise prices of the replacement options and performance shares determined using the exchange rate of 0.00548. The options and performance shares were issued with the same terms and conditions as were applicable prior to the Anatolia Transaction. During the six months ended June 30, 2016 all of the performance shares expired without the performance condition being satisfied. Bonus Shares The Company did not award any bonus shares during the six-month period ending June 30, 2016. In March 2015, in accordance with the Company’s short-term incentive plan, the Company awarded its executives bonuses that were paid out in common stock of the Company. The bonus shares vested immediately and had a fair value of $0.3 million which was determined using the closing share price of the Company’s common stock on the date of grant. Stock Options The following table summarizes stock options outstanding and changes for the six-month periods ending June 30, 2016 and 2015: June 30, June 30, 2016 2015 Number of Stock Options Weighted Average Exercise Price Number of Stock Options Weighted Average Exercise Price Stock options outstanding at beginning of period 326,424 $ 24.90 13,396 $ 303.36 Expired (4,724) 438.89 (208) 394.80 Stock options outstanding at end of period 321,700 $ 18.82 13,188 $ 300.72 Stock options exercisable at end of period 321,491 $ 18.81 11,139 $ 349.56 The following table summarizes stock options outstanding and exercisable by stock option plan at June 30, 2016: Outstanding Stock Options Exercisable Stock Options Stock Option Plan Number of Outstanding Stock Options Weighted Average Exercise Price Number of Exercisable Stock Options Weighted Average Exercise Price 2004 Plan 5,792 $ 121.17 5,792 $ 121.17 2004 Directors’ Plan 1,390 629.52 1,390 629.52 2013 Plan 417 35.88 208 35.88 Replacement Stock Options 314,101 14.21 314,101 14.21 321,700 18.82 321,491 18.81 Total estimated unrecognized compensation cost from unvested stock options as of June 30, 2016 was approximately $7,870, which is expected to be recognized during the quarter ended September 30, 2016. Restricted Stock Units Time-based and performance-based RSUs are valued using the closing share price of the Company’s common stock on the date of grant. The final number of shares issued under performance-based RSUs is generally based on the Company’s prior year performance as determined by the Compensation Committee of the Board of Directors at each vesting date, and the valuation of such awards assumes full satisfaction of all performance criteria. The following table summarizes RSU activity for the six-month periods ended June 30, 2016 and 2015: June 30, June 30, 2016 2015 Number of RSUs Weighted-Average Grant Date Fair Value Number of RSUs Weighted-Average Grant Date Fair Value Unvested RSUs at beginning of period 32,699 $ 34.25 45,401 $ 34.08 Granted - - - - Forfeited (3,334) 32.21 - - Vested (7,698) 29.45 (11,032) 34.08 Unvested RSUs at end of period 21,667 $ 36.27 34,369 $ 34.20 Total estimated unrecognized compensation cost from unvested RSUs as of June 30, 2016 was approximately $0.4 million, which is expected to be recognized over a weighted-average period of 0.87 years. Restricted Stock Awards Time-based and performance-based RSAs are valued using the closing share price of the Company’s common stock on the date of grant. Vesting based on performance criteria is generally based on the Company’s prior year performance as determined by the Compensation Committee of the Board of Directors at each vesting date, and the valuation of such grants assumes full satisfaction of all performance criteria. Employee participants who receive restricted stock awards have all of the rights of a shareholder, including the right to vote shares of restricted stock that are the subject of the grant and the right to receive any regular cash dividends paid out of current earnings. The following table summarizes RSA activity for the six-month periods ended June 30, 2016 and 2015: June 30, June 30, 2016 2015 Number of RSAs Weighted-Average Grant Date Fair Value Number of RSAs Weighted-Average Grant Date Fair Value Unvested RSAs at beginning of period 1,366 $ 40.01 2,223 $ 62.52 Granted - - - - Forfeited (104) 80.40 - - Vested (336) 47.51 (752) 101.04 Unvested RSAs at end of period 926 $ 32.76 1,471 $ 42.84

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	10. EARNINGS PER SHARE Basic and diluted loss per common share have been calculated based on the weighted-average shares outstanding during the period. Potentially dilutive shares of 1,049,849 were excluded from the calculation of earnings per share because the effect on the basic loss per share would be anti-dilutive due to our net loss position for the three and six months ended June 30, 2016.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. COMMITMENTS AND CONTINGENCIES The Company’s uranium recovery operations are subject to federal and state regulations for the protection of the environment, including water quality. These laws frequently change and generally become more restrictive. The Company reviews its reclamation obligations each year and determines the appropriate unit charge. The Company also evaluates the status of current environmental laws and their potential impact on the Company’s accrual for costs. The Company believes its operations are in substantial compliance with current federal and state environmental regulations. As discussed in Part II. Item 1. “Legal Proceedings,” below, the Company and a former contractor agreed to settle a complaint filed against the Company whereby the former contractor alleged that the Company breached a compensation agreement between the Company and the contractor. The Company and the former contractor agreed to a settlement amount equal to $90,000 in three installments: $10,000 to be paid within five business days of executing a settlement agreement; $40,000 to be paid on or before June 30, 2016; and the remaining $40,000 to be paid on or before September 30, 2016.

Geographic and Segment Informat

Geographic and Segment Information	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Geographic and Segment Information	12. GEOGRAPHIC AND SEGMENT INFORMATION The Company has one reportable operating segment, consisting of uranium exploration and development activities. These activities are focused principally in the United States and the Republic of Turkey. We reported no revenues during the three- and six-month periods ended June 30, 2016 and 2015. Geographic location of property, plant and equipment, including mineral rights, and mineral property expenses, is provided in Notes 3 and 4, above.

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]
Schedule of Property, Plant and Equipment	Net Book Value of Property, Plant and Equipment at June 30, 2016 (thousands of dollars) Turkey Texas New Mexico Corporate Total Uranium plant $ - $ 8,626 $ - $ - $ 8,626 Mineral rights and properties 17,968 979 19,102 - 38,049 Other property, plant and equipment 22 1,289 - 163 1,474 Total $ 17,990 $ 10,894 $ 19,102 $ 163 $ 48,149 Net Book Value of Property, Plant and Equipment at December 31, 2015 (thousands of dollars) Turkey Texas New Mexico Corporate Total Uranium plant $ - $ 8,653 $ - $ - $ 8,653 Mineral rights and properties 17,968 1,513 19,102 - 38,583 Other property, plant and equipment 22 1,352 - 202 1,576 Total $ 17,990 $ 11,518 $ 19,102 $ 202 $ 48,812

Mineral Property Expenditures (

Mineral Property Expenditures (Tables)	6 Months Ended
	Jun. 30, 2016
Mineral Property Expenditures
Schedule of Mineral Property Expenditures	Mineral property expenditures by country for the three and six months ended June 30, 2016 and 2015 For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 (thousands of dollars) Temrezli project, Turkey $ 180 $ - $ 421 $ - Total Turkey projects 180 - 421 - Kingsville Dome project, Texas 176 152 410 389 Rosita project, Texas 92 134 160 243 Vasquez project, Texas 102 131 260 297 Butler Ranch project, Texas 4 13 9 71 Other projects, Texas 44 322 61 480 Total Texas projects 418 752 900 1,480 Cebolleta project, New Mexico 537 537 537 537 Juan Tafoya project, New Mexico 3 3 11 9 Other projects, New Mexico - - - 75 Total New Mexico projects 540 540 548 621 Total expense for the period $ 1,138 $ 1,292 $ 1,869 $ 2,101

Convertible Loan, Related Par21

Convertible Loan, Related Party (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Summary of Convertible Loan	The following table represents the key components of the RCF Loan: June 30, December 31, 2016 2015 (thousands of dollars) Debt principal $ 8,000 $ 8,000 Unamortized discount (946) (1,846) Carrying value of convertible loan, end of period $ 7,054 $ 6,154

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	6 Months Ended
	Jun. 30, 2016
Asset Retirement Obligation Disclosure [Abstract]
Summary of Asset Retirement Obligation	The following table summarizes the changes in the reserve for future restoration and reclamation costs on the balance sheet: June 30, December 31, 2016 2015 (thousands of dollars) Balance, beginning of period $ 4,468 $ 4,196 Liabilities settled (49) (178) Accretion expense 240 450 Balance, end of period 4,659 4,468 Less: Current portion (121) (121) Less: Liabilities held for sale (105) (105) Non-current portion $ 4,433 $ 4,242

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock Options Outstanding	The following table summarizes stock options outstanding and changes for the six-month periods ending June 30, 2016 and 2015: June 30, June 30, 2016 2015 Number of Stock Options Weighted Average Exercise Price Number of Stock Options Weighted Average Exercise Price Stock options outstanding at beginning of period 326,424 $ 24.90 13,396 $ 303.36 Expired (4,724) 438.89 (208) 394.80 Stock options outstanding at end of period 321,700 $ 18.82 13,188 $ 300.72 Stock options exercisable at end of period 321,491 $ 18.81 11,139 $ 349.56
Summary of Stock Options Outstanding and Exercisable by Stock Option Plan	The following table summarizes stock options outstanding and exercisable by stock option plan at June 30, 2016: Outstanding Stock Options Exercisable Stock Options Stock Option Plan Number of Outstanding Stock Options Weighted Average Exercise Price Number of Exercisable Stock Options Weighted Average Exercise Price 2004 Plan 5,792 $ 121.17 5,792 $ 121.17 2004 Directors’ Plan 1,390 629.52 1,390 629.52 2013 Plan 417 35.88 208 35.88 Replacement Stock Options 314,101 14.21 314,101 14.21 321,700 18.82 321,491 18.81
Summary of Status of Non-Vested Restricted Shares	The following table summarizes RSU activity for the six-month periods ended June 30, 2016 and 2015: June 30, June 30, 2016 2015 Number of RSUs Weighted-Average Grant Date Fair Value Number of RSUs Weighted-Average Grant Date Fair Value Unvested RSUs at beginning of period 32,699 $ 34.25 45,401 $ 34.08 Granted - - - - Forfeited (3,334) 32.21 - - Vested (7,698) 29.45 (11,032) 34.08 Unvested RSUs at end of period 21,667 $ 36.27 34,369 $ 34.20
Summary of Restricted Stock Awards	The following table summarizes RSA activity for the six-month periods ended June 30, 2016 and 2015: June 30, June 30, 2016 2015 Number of RSAs Weighted-Average Grant Date Fair Value Number of RSAs Weighted-Average Grant Date Fair Value Unvested RSAs at beginning of period 1,366 $ 40.01 2,223 $ 62.52 Granted - - - - Forfeited (104) 80.40 - - Vested (336) 47.51 (752) 101.04 Unvested RSAs at end of period 926 $ 32.76 1,471 $ 42.84

Liquidity and Going Concern (De

Liquidity and Going Concern (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands

Jun. 07, 2016

Apr. 08, 2016

Apr. 04, 2016

Feb. 04, 2016

Dec. 18, 2015

Mar. 06, 2015

Feb. 28, 2014

Nov. 30, 2013

Jun. 30, 2016

Jun. 30, 2015

Dec. 31, 2015

Dec. 31, 2014

Cash balances

$ 974

$ 4,485

$ 865

$ 5,570

Working capital deficit

10,000

Gross proceeds from direct offering

$ 1,250

$ 800

$ 6,100

$ 6,100

$ 9,300

Net proceeds from sale of common stock

5,108

$ 5,654

Convertible Secured Debt Facility [Member]

Debt maturity date

Dec. 31, 2016

Secured loan agreement

$ 8,000

Laramide Resources Ltd [Member]

Payment for sale of properties

5,250

September 30, 2016 [Member]

Cash balances

$ 1,000

Common Stock Purchase Agreement [Member]

Number of shares sold by company during peirod

995,100

Net proceeds from sale of common stock

$ 1,400

Common Stock Purchase Agreement [Member]

Number of shares sold by company during peirod

1,000,000

Common Stock Purchase Agreement [Member] | Aspire Capital [Member]

Net proceeds from sale of common stock

$ 5,000

$ 12,000

Agreement term

30 months

Common Stock Purchase Agreement [Member] | End of The Third Quarter 2016 [Member] | Laramide Resources Ltd [Member]

Proceeds from sale properties

$ 12,500

Payment for sale of properties

5,250

Common Stock Purchase Agreement [Member] | August 11, 2016 [Member]

Available for future sales

12,000

Common Stock Purchase Agreements [Member] | Aspire Capital [Member]

Net proceeds from sale of common stock

$ 5,000

$ 12,000

Agreement term

30 months

Common Stock Purchase Agreements [Member] | August 11, 2016 [Member] | Aspire Capital [Member]

Available for future sales

$ 8,900

Number of common stock shares available for future sales

3,000,000

Common Stock Purchase Agreements [Member] | September 30, 2016 [Member]

Share price

$ 0.50

ATM Sales Agreement [Member]

Available for future sales

$ 4,500

ATM Sales Agreement [Member] | Maximum [Member]

Gross proceeds from direct offering

15,000

ATM Sales Agreement [Member] | August 11, 2016 [Member]

Available for future sales

4,500

CSPA [Member]

Available for future sales

$ 8,900

Resource Capital Fund V LP [Member] | Loan Agreement [Member]

Debt maturity date

Dec. 31, 2016

Property, Plant and Equipment25

Property, Plant and Equipment (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]
Impairment charge	$ 534		$ (534)

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Net property, plant and equipment	$ 48,149	$ 48,812
Turkey [Member]
Net property, plant and equipment	17,990	17,990
Texas [Member]
Net property, plant and equipment	10,894	11,518
New Mexico [Member]
Net property, plant and equipment	19,102	19,102
Corporate [Member]
Net property, plant and equipment	163	202
Uranium Plant [Member]
Net property, plant and equipment	8,626	8,653
Uranium Plant [Member] | Turkey [Member]
Net property, plant and equipment
Uranium Plant [Member] | Texas [Member]
Net property, plant and equipment	8,626	8,653
Uranium Plant [Member] | New Mexico [Member]
Net property, plant and equipment
Uranium Plant [Member] | Corporate [Member]
Net property, plant and equipment
Mineral Rights and Properties [Member]
Net property, plant and equipment	38,583	38,583
Mineral Rights and Properties [Member] | Turkey [Member]
Net property, plant and equipment	17,968	17,968
Mineral Rights and Properties [Member] | Texas [Member]
Net property, plant and equipment	979	1,513
Mineral Rights and Properties [Member] | New Mexico [Member]
Net property, plant and equipment	19,102	19,102
Mineral Rights and Properties [Member] | Corporate [Member]
Net property, plant and equipment
Other Property Plant and Equipment [Member]
Net property, plant and equipment	1,474	1,576
Other Property Plant and Equipment [Member] | Turkey [Member]
Net property, plant and equipment	22	22
Other Property Plant and Equipment [Member] | Texas [Member]
Net property, plant and equipment	1,289	1,352
Other Property Plant and Equipment [Member] | New Mexico [Member]
Net property, plant and equipment
Other Property Plant and Equipment [Member] | Corporate [Member]
Net property, plant and equipment	$ 163	$ 202

Mineral Property Expenditures -

Mineral Property Expenditures - Schedule of Mineral Property Expenditures (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Total expense for the period	$ 1,138	$ 1,292	$ 1,869	$ 2,101
Temrezli Project Turkey [Member]
Total expense for the period	180		421
Total Turkey Projects [Member]
Total expense for the period	180		421
Kingsville Dome Project Texas [Member]
Total expense for the period	176	152	410	389
Rosita Project Texas [Member]
Total expense for the period	92	134	160	243
Vasquez Project Texas [Member]
Total expense for the period	102	131	260	297
Butler Ranch Project Texas [Member]
Total expense for the period	4	13	9	71
Other Projects Texas [Member]
Total expense for the period	44	322	61	480
Total Texas Projects [Member]
Total expense for the period	418	752	900	1,480
Cebolleta Project New Mexico [Member]
Total expense for the period	537	537	537	537
Juan Tafoya Project New Mexico [Member]
Total expense for the period	3	3	11	9
Other Projects New Mexico [Member]
Total expense for the period				75
Total New Mexico Projects [Member]
Total expense for the period	$ 540	$ 540	$ 548	$ 621

Assets Held for Sale (Details N

Assets Held for Sale (Details Narrative) - USD ($) $ in Thousands	Apr. 07, 2016	Jun. 30, 2016	Dec. 31, 2015
Laramide Resources Ltd [Member]
Proceeds from sale properties	$ 5,250
Promissory note	$ 7,250
Note term	3 years
Note initial interest rate	5.00%
Note interest rate increases	10.00%
Note payable and due date description	Principal payments of approximately $2.4 million are due and payable on the anniversary of the closing of the transaction in each of 2017, 2018 and 2019.
Note principal payments	$ 2,400
Purchase price that necessary to fund		$ 5,250
Energy Fuels Inc [Member]
Fair value of asset adjustments		$ 2,100	$ 2,100

Convertible Loan, Related Par29

Convertible Loan, Related Party (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	Jun. 10, 2016	Mar. 31, 2016	Jan. 04, 2016	Apr. 29, 2014	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2016	Mar. 07, 2016	Nov. 13, 2013
Line of Credit Facility [Line Items]
Number of common stock shares issued for settlement of interest expense			38,086
Number of common stock issued for settlement of interest expense						$ 200
Interest expense							$ 200
Amortization of debt discount and establishment fee					$ 500		$ 100
Common stock, shares outstanding					7,518,857	4,522,186	7,518,857
Resource Capital Fund V LP [Member]
Line of Credit Facility [Line Items]
Interest paid	$ 300	$ 200					$ 100
Loan Agreement [Member] | Resource Capital Fund V LP [Member]
Line of Credit Facility [Line Items]
Debt maturity date							Dec. 31, 2016
Debt interest rate					10.00%		10.00%
Debt conversation price per shares					$ 31.20		$ 31.20
Maximum [Member]
Line of Credit Facility [Line Items]
Common stock, shares outstanding								61,800,000
Minimum [Member]
Line of Credit Facility [Line Items]
Common stock, shares outstanding								5,200,000
Resource Capital Fund V LP [Member] | August 11, 2016 [Member]
Line of Credit Facility [Line Items]
Common stock, shares outstanding					718,137		718,137
Percentage of outstanding stock					8.40%		8.40%
Debt conversation amount							$ 8,000
Issuance of common stock, shares							256,410
Resource Capital Fund V LP [Member] | Maximum [Member] | August 11, 2016 [Member]
Line of Credit Facility [Line Items]
Percentage of outstanding stock					11.10%		11.10%
Resource Capital Fund V LP [Member] | Secured Convertible Loan Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity									$ 15,000
Resource Capital Fund V LP [Member] | Secured Convertible Loan Facility [Member] | Maximum [Member] | Loan Agreement [Member]
Line of Credit Facility [Line Items]
Line of credit fee available				$ 15,000
Resource Capital Fund V LP [Member] | Secured Convertible Loan Facility [Member] | Minimum [Member] | Loan Agreement [Member]
Line of Credit Facility [Line Items]
Line of credit fee available				$ 8,000

Convertible Loan, Related Par30

Convertible Loan, Related Party - Summary of Convertible Loan (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
Debt principal	$ 8,000	$ 8,000
Unamortized discount	(946)	(1,846)
Carrying value of convertible loan, end of period	$ 7,054	$ 6,154

Asset Retirement Obligations (D

Asset Retirement Obligations (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]
Asset retirement obligation current	$ 121	$ 121

Asset Retirement Obligations -

Asset Retirement Obligations - Summary of Asset Retirement Obligation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]
Balance, beginning of period			$ 4,468	$ 4,196	$ 4,196
Liabilities settled			(49)		(178)
Accretion expense	$ 120	$ 113	240	$ 225	450
Balance, end of period	4,659		4,659		4,468
Less: Current portion	(121)		(121)		(121)
Less: Liabilities held for sale	(105)		(105)		(105)
Non-current Portion	$ 4,433		$ 4,433		$ 4,242

Common Stock (Details Narrative

Common Stock (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands

Jun. 07, 2016

Jun. 03, 2016

Apr. 08, 2016

Apr. 04, 2016

Feb. 04, 2016

Feb. 03, 2016

Jan. 08, 2016

Dec. 18, 2015

Nov. 17, 2015

Mar. 06, 2015

Oct. 31, 2011

Feb. 28, 2014

Jun. 30, 2016

Jun. 30, 2015

Dec. 31, 2015

Mar. 07, 2016

Common stock, shares outstanding

7,518,857

4,522,186

Common stock, shares authorized

100,000,000

100,000,000

Proceeds from direct offering

$ 1,250

$ 800

$ 6,100

$ 6,100

$ 9,300

Purchase of common stock

$ 5,108

$ 5,654

Number of common stock issuance during the period

$ 4,588

Anatolia Energy Limited [Member]

Common stock issued for acquisition related fees, shares

117,097

47,229

Shares issued price per share

$ 6

$ 1.60

Common stock issued for acquisition related fees

$ 700

$ 100

Common Stock Purchase Agreement [Member]

Sale of common stock, shares

1,000,000

Proceeds from sales of common stock

$ 1,700

Common Stock Purchase Agreement [Member] | August 11, 2016 [Member]

Proceeds from future sale of equity

8,900

Available for future sales

$ 12,000

Common Stock Purchase Agreement One [Member]

Sale of common stock, shares

995,100

Proceeds from sales of common stock

$ 1,400

ATM Sales Agreement [Member]

Available for future sales

4,500

ATM Sales Agreement [Member] | August 11, 2016 [Member]

Available for future sales

$ 4,500

ATM Sales Agreement [Member] | BTIG, LLC [Member]

Sale of common stock, shares

599,896

Proceeds from direct offering

$ 6,000

$ 15,000

Proceeds from sales of common stock

$ 1,400

Percentage of commission to be paid on gross proceeds

3.00%

ATM Sales Agreement [Member] | BTIG, LLC [Member] | August 11, 2016 [Member]

Proceeds from sales of common stock

4,500

Proceeds from future sale of equity

$ 15,000

Option Agreement [Member] | Aspire Capital [Member]

Number of common stock shares issued during the period

75,000

Agreement term

24 months

Purchase of common stock

$ 10,000

Number of common stock issuance during the period

$ 300

Loan Agreement [Member] | Resource Capital Fund V LP [Member]

Issuance of common stock for payment of accrued interest and fees, shares

38,086

Issuance of common stock for payment of accrued interest and fees

$ 200

URI and Aspire Capital [Member]

Sale of common stock, shares

375,000

Proceeds from direct offering

$ 1,200

Sale of stock price per share

$ 2.17

Pre-funded common stock purchase warrants

200,000

Pre-funded warrants price per share

$ 2.16

Warrants exercise price per share

$ 0.01

Warrants term

3 years

URI and Aspire Capital [Member] | Stock Purchase Agreements [Member]

Sale of common stock, shares

296,666

Proceeds from direct offering

$ 800

Aspire Capital [Member]

Number of common stock shares issued during the period

200,000

Aspire Capital [Member] | Common Stock Purchase Agreement [Member]

Number of common stock shares issued during the period

240,000

Agreement term

30 months

Purchase of common stock

$ 5,000

$ 12,000

Maximum [Member]

Common stock, shares outstanding

61,800,000

Common stock, shares authorized

200,000,000

Maximum [Member] | ATM Sales Agreement [Member]

Proceeds from direct offering

$ 15,000

Minimum [Member]

Common stock, shares outstanding

5,200,000

Common stock, shares authorized

100,000,000

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		$ 300,000	$ 200,000	$ 500,000	$ 600,000
Number of replacement options and performance shares issued				374,749
Replacement options and performance shares, exchange rate				$ 0.00548
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost from unvested stock options		7,870		$ 7,870
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost from unvested stock options		$ 400,000		$ 400,000
Weighted average period of unvested stock options				10 months 13 days
2013 Omnibus Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock shares reserved for future issuance		44,085		44,085
Bonus shares vested grant date fair value	$ 300,000

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Options Outstanding (Details) - $ / shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of Stock options outstanding at beginning of period	326,424	13,396
Number of stock options outstanding, Expired	(4,724)	(208)
Number of Stock options outstanding at end of period	321,700	13,188
Number of Stock options exercisable at end of period	321,491	11,139
Weighted average exercise price, Stock options outstanding at beginning of period	$ 24.90	$ 303.36
Weighted average exercise price, Expired	438.89	394.80
Weighted average exercise price, Stock options outstanding at end of period	18.82	300.72
Weighted average exercise price, Stock options exercisable at end of period	$ 18.81	$ 349.56

Stock-Based Compensation - Su36

Stock-Based Compensation - Summary of Stock Options Outstanding and Exercisable by Stock Option Plan (Details) - $ / shares	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Outstanding Stock Options, Number of Options Outstanding	321,700	326,424	13,188	13,396
Outstanding Stock Options, Weighted Average Exercise Price	$ 18.82	$ 24.90	$ 300.72	$ 303.36
Exercisable Stock Options Exercisable, Number of Options Exercisable	321,491		11,139
Exercisable Stock Options Exercisable, Weighted Average Exercise Price	$ 18.81		$ 349.56
2004 Plan [Member]
Outstanding Stock Options, Number of Options Outstanding	5,792
Outstanding Stock Options, Weighted Average Exercise Price	$ 121.17
Exercisable Stock Options Exercisable, Number of Options Exercisable	5,792
Exercisable Stock Options Exercisable, Weighted Average Exercise Price	$ 121.17
2004 Director's Plan [Member]
Outstanding Stock Options, Number of Options Outstanding	1,390
Outstanding Stock Options, Weighted Average Exercise Price	$ 629.52
Exercisable Stock Options Exercisable, Number of Options Exercisable	1,390
Exercisable Stock Options Exercisable, Weighted Average Exercise Price	$ 629.52
2013 Plan [Member]
Outstanding Stock Options, Number of Options Outstanding	417
Outstanding Stock Options, Weighted Average Exercise Price	$ 35.88
Exercisable Stock Options Exercisable, Number of Options Exercisable	208
Exercisable Stock Options Exercisable, Weighted Average Exercise Price	$ 35.88
Replacement Stock Options [Member]
Outstanding Stock Options, Number of Options Outstanding	314,101
Outstanding Stock Options, Weighted Average Exercise Price	$ 14.21
Exercisable Stock Options Exercisable, Number of Options Exercisable	314,101
Exercisable Stock Options Exercisable, Weighted Average Exercise Price	$ 14.21

Stock-Based Compensation - Su37

Stock-Based Compensation - Summary of Status of Non-Vested Restricted Shares (Details) - Restricted Stock [Member] - $ / shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Number of restricted stock, Unvested Beginning of period	32,699	45,401
Number of restricted stock units, Granted
Number of restricted stock units, Forfeited	(3,334)
Number of restricted stock units, Vested	(7,698)	(11,032)
Number of restricted stock, Unvested End of period	21,667	34,369
Weighted Average Grant Date Fair Value, Unvested Beginning of period	$ 34.25	$ 34.08
Weighted Average Grant Date Fair Value, Granted
Weighted Average Grant Date Fair Value, Forfeited	32.21
Weighted Average Grant Date Fair Value, Vested	29.45	34.08
Weighted Average Grant Date Fair Value, Unvested End of period	$ 36.27	$ 34.20

Stock-Based Compensation - Su38

Stock-Based Compensation - Summary of Restricted Stock Awards (Details) - Restricted Stock Awards [Member] - $ / shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Number of restricted stock, Unvested Beginning of period	1,366	2,223
Number of restricted stock, Granted
Number of restricted stock, Forfeited	(104)
Number of restricted stock, Vested	(336)	(752)
Number of restricted stock, Unvested End of period	926	1,471
Weighted Average Grant Date Fair Value, Unvested Beginning of period	$ 40.01	$ 62.52
Weighted Average Grant Date Fair Value, Granted
Weighted Average Grant Date Fair Value, Forfeited	80.40
Weighted Average Grant Date Fair Value, Vested	47.51	101.04
Weighted Average Grant Date Fair Value, Unvested End of period	$ 32.76	$ 42.84

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative) - shares	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016
Earnings Per Share [Abstract]
Potentially dilutive shares were excluded from calculation of earnings per share	1,049,849	1,049,849

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - Settlement Agreement [Member] - Former Contractor [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Settlement amount	$ 90
Paid Within 5 Business Days [Member]
Settlement amount	10
Paid On or Before June 30, 2016 [Member]
Settlement amount	40
Paid On or Before September 30, 2016 [Member]
Settlement amount	$ 40

Geographic and Segment Inform41

Geographic and Segment Information (Details Narrative)	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)ReportableSegments	Jun. 30, 2015USD ($)
Segment Reporting [Abstract]
Number of reportable operating segment | ReportableSegments			1
Revenues | $