Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

Related Party Transactions
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Note 8. Related Party Transactions

The Company invested approximately $1.4 million in Enfission during the quarter ended March 31, 2019. The total administrative consulting services was $100,000 for the quarter ended March 31, 2019. This $100,000 amount charged to Enfission was recorded as a $50,000 reduction of general and administrative expenses and a $50,000 reduction of research and development expenses.


The Company also provided research and development consulting services and management services to Enfission. The total consulting services was $0.4 million for each of the quarters ended March 31, 2019 and 2018, recorded under the caption “Other income from joint venture” in the accompanying condensed consolidated statement of operations. As of March 31, 2019 and December 31, 2018, the total receivable due from Enfission was approximately $0.4 million and $0.1 million, respectively, which represents all consulting fees Lightbridge charged to Enfission and reimbursable expenses paid by Lightbridge on Enfission’s behalf.