Lightbridge Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Investment in Joint Venture (Investee Losses in Excess of Investment) (Tables)

Investment in Joint Venture (Investee Losses in Excess of Investment) (Tables)

3 Months Ended

Mar. 31, 2019

Investment In Joint Venture Investee Losses In Excess Of Investment

Investment Name	Ownership Interest		Carrying Amount
Enfission, LLC		50%
Total contributions			$	7.0
Less: Share of the loss in investment in Enfission				(7.1	)
Equity losses in excess of investment			$	(0.1	)

Summarized financial information for investee

Summarized balance sheet information for the Company’s equity method investee Enfission as of March 31, 2019 and December 31, 2018 is presented in the following table (rounded in millions):

	March 31, 2019			December 31, 2018
Assets
Cash	$	3.1		$	0.7
Other current assets		0.4			0.7
Total assets	$	3.5		$	1.4

Liabilities and equity
Total liabilities	$	3.7		$	1.9
Equity		(0.2	)		(0.5	)
Total liabilities and equity	$	3.5		$	1.4

Summarized income statement information for the Company’s equity method investee Enfission is presented in the following table for the three months ended March 31, 2019 and for the period from January 24, 2018 (Date of Inception) to March 31, 2018 (rounded in millions):

	For the three Months ended March 31, 2019		For the period from January 24, 2018 (Date of Inception) to March 31, 2018
	(Unaudited)		(Unaudited)
Net sales and revenue	$	0.0	$	0.0
Research and development costs		1.7		0.9
Administrative expenses		0.3		0.1
Total Operating Loss	$	2.0	$	1.0
Loss from operations	$	2.0	$	1.0
Net loss	$	2.0	$	1.0