Pursuant to the Enfission operating agreement, both partners agreed that Enfission will serve as an exclusive vehicle to develop, license, and sell nuclear fuel assemblies based on Company-designed metallic fuel technology and other advanced nuclear fuel intellectual property licensed to Enfission by the Company and Framatome or their affiliates. The joint venture builds on the joint fuel development and regulatory licensing work under previously signed agreements initiated in March 2016.

The Enfission operating agreement provided that the Company and Framatome each hold 50% of the total issued Class A voting membership units of the joint venture.

The Company's equity in losses in excess of its investment are accounted for under the equity method consisted of the following as of June 30, 2019 (rounded in millions):

The Company invested approximately $9.1 million in Enfission and Framatome invested approximately $2.9 million of equity for the period from January 24, 2018 (Date of Inception of Enfission) to June 30, 2019. The cash balance in Enfission at June 30, 2019 was approximately $1.5 million. During the six months ended June 30, 2019, Enfission incurred a loss of approximately $4.5 million, and accordingly, the Company recorded its share of the loss in investment in Enfission, in accordance with the provisions in the joint venture operating agreement, of approximately $3.3 million in the accompanying condensed consolidated statement of operations for the six months ended June 30, 2019.

The Company was committed to fund Enfission for its share of Enfission’s liabilities at June 30, 2019. The Company currently expects to continue providing additional equity contributions in 2019 and for the foreseeable future.

Summarized balance sheet information for the Company’s equity method investee Enfission as of June 30, 2019 and December 31, 2018 is presented in the following table (rounded in millions):

Summarized income statement information for the Company’s equity method investee Enfission is presented in the following table for the six months ended June 30, 2019 and for the period from January 24, 2018 (Date of Inception) to June 30, 2018 (rounded in millions):

As of June 30, 2019, and December 31, 2018, the total receivable due from Enfission was approximately $0.5 million and $0.1 million, respectively, which represents consulting fees Lightbridge charged to Enfission and reimbursable expenses paid by Lightbridge on Enfission’s behalf (see Note 8. Related Party Transactions). Based on an evaluation of this equity method investment, we determined that no OTTI has occurred as of June 30, 2019.