67
RARE ELEMENT RESOURCES LTD.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(Expressed in thousands of U.S. Dollars)
Number of Shares
Amount
Additional
Paid in Capital
Accumulated Other
Comprehensive
Income/(Loss)
Accumulated
Deficit
Total
Balance, December 31, 2011 (
unaudited
)
44,096,674
$ 91,457
$ 15,501
$ (26)
$ (47,833)
$ 59,099
Exercise of options - cash
744,624
603
-
-
-
603
Exercise of options - fair value
-
531
(531)
-
-
-
Exercise of warrants – cash
108,571
504
-
504
Exercise of warrants – fair value
-
161
161
Stock-based compensation
-
-
6,359
-
-
6,359
Unrealized loss on marketable securities
-
-
-
(17)
-
(17)
Net loss for the period
-
-
-
-
(29,362)
(29,362)
Balance, December 31, 2012
44,949,869
$ 93,256
$ 21,329
$ (43)
$ (77,195) $ 37,347
Shares issued:
For private placement
2,677,376
8,000
-
-
-
8,000
Share issue costs
-
(743)
143
-
-
(600)
Stock-based compensation
-
-
1,378
-
-
1,378
Unrealized loss on marketable securities
-
-
-
43
-
43
Net loss for the period
-
-
-
-
(22,246)
(22,246)
Balance, December 31, 2013
47,627,245
$ 100,513
$ 22,850
$ -
$ (99,441)
$ 23,922
Exercise of options
79,971
139
(181)
-
-
(42)
Stock-based compensation
-
-
517
-
-
517
Net loss for the period
-
-
-
-
(14,029)
(14,029)
Balance, December 31, 2014
47,707,216
$ 100,652
$ 23,186
$ -
$ (113,470)
$ 10,368
See accompanying notes to consolidated financial statements.
