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

Quarterly report pursuant to Section 13 or 15(d)

Stockholders Equity and StockBased Compensation (Details Narrative)

Stockholders Equity and StockBased Compensation (Details Narrative) - USD ($)			1 Months Ended						3 Months Ended		9 Months Ended		12 Months Ended
	Feb. 06, 2017	Aug. 02, 2016	Apr. 16, 2019	Aug. 31, 2018	May 31, 2018	Apr. 30, 2018	Mar. 30, 2018	Jan. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	May 31, 2017	Mar. 25, 2015
Reverse stock split											1:12
Exercise price
Common stock, shares, outstanding									3,249,353		3,249,353		2,738,508
Class of Warrant or Right, Outstanding									70,361		70,361		70,361
Stock options outstanding									435,979		435,979		467,013
Total stock and stock equivalents outstanding									4,086,748		4,086,748		3,592,876
Proceeds from the issuance of the warrants and common shares											$ 4,000,000
Common stock, conversion basis											The 2,666,667 Series B Preferred Stock was initially convertible into 222,222 shares of common stock.
Preferred stock par value									$ 0.001		$ 0.001		$ 0.001
Common Stock, Shares Issued									3,249,353		3,249,353		2,738,508
Number of options vested and expected to vest outstanding													47,000
Unrecognized compensation costs									$ 300,000		$ 300,000
Weighted average recognition period											2 years 3 months 11 days
Aggregate intrinsic value									$ 2,000		$ 2,000		$ 0
Series B Preferred Stock conversion description											The Company has the option of forcing the conversion of all or part of the Series B Preferred Stock if at any time the average closing price of the Company’s common stock for a thirty-trading day period is greater than $65.88 prior to August 2, 2019 or greater than $98.82 at any time. The Company can exercise this option only if it also requires the conversion of the Series A Preferred Stock in the same proportion as it is requiring of the Series B Preferred Stock.
Preferred stock convertible amount											$ 6,200,000
Common stock, shares authorized									8,333,333		8,333,333		8,333,333
Common stock exercise price											$ 8.28		$ 10.80
Investment Bank [Member]
Monthly payments	$ 15,000
Introductory fee in percentage	7.00%
Warrants fees in percentage	5.00%
Offering price term	3 years
2015 Equity Incentive Plan [Member]
Common shares issued under incentive plan					525,000
2019 ATM Agreement [Member]
Proceeds from issuance of shares									$ 800,000		$ 3,800,000
Sale of stock, number of shares									115,527		508,063
Stock issued during period shares reverse stock splits									1,400,000		6,100,000
2018 ATM Agreement [Member]
Proceeds from issuance of shares									$ 800,000	$ 1,700,000	$ 3,800,000	$ 27,600,000
Sale of stock, number of shares									115,527	147,327	508,063	1,419,204
Stock issued during period shares reverse stock splits									1,400,000	1,800,000	6,100,000	17,000,000
New ATM agreement [Member] \| Subsequent Event [Member]
Aggregate offering price											$ 13,500,000
Series A Preferred Stock
Preferred stock convertible amount		$ 600,000
Conversion price									$ 32.94		$ 32.94
Common stock shares reserved for future issuance, Value									$ 65,490		$ 65,490		$ 67,802
Preferred stock, shares issued									785,877	61	785,877	61	813,624
Additional common shares									176,208		176,208		12,367
Preferred Stock, Shares Outstanding									785,877		785,877		813,624
Preferred stock, liquidation preference									$ 2,687,461		$ 2,687,461		$ 2,640,862
Accrued dividend									529,929		529,929		407,382
Common stock, shares issued, conversion of preferred stock			2,782			10,407						9,211
Convertible preferred stock, shares converted			27,747			111,260				95,116		95,116
Accumulated dividend									500,000		500,000		400,000
Series B Preferred Stock
Class of Warrant or Right, Outstanding								55,555
Proceeds from the issuance of the warrants and common shares											3,700,000
Preferred stock convertible amount											3,600,000
Conversion price								$ 18
Common stock shares reserved for future issuance, Value									$ 222,222		$ 222,222		$ 222,222
Preferred stock, shares issued									2,666,667		2,666,667		2,666,667
Rate of dividend payable in kind								7.00%
Price per share								$ 1.50	$ 28.08		$ 28.08
Additional common shares									27,255		27,255		14,603
Preferred Stock, Shares Outstanding								2,666,667	2,666,667		2,666,667		2,666,667
Preferred stock, liquidation preference									$ 4,490,594		$ 4,490,594		$ 4,262,855
Accrued dividend									$ 490,595		490,595		$ 262,856
Liquidation preference per share								$ 1.50
Common stock exercise price								$ 22.50
Series B Preferred Stock \| Warrants [Member]
Exercise price								1.50
Maturity date								Jan. 30, 2021
Stock Options and Restricted Stock [Member] \| Plan [Member]
Common stock, shares authorized															50,000
Common stock, shares authorized increased														241,667	116,667
General International Holdings, Inc [Member] \| Series A Preferred Stock
Common stock, shares, outstanding		255,000
Aggregate intrinsic value		$ 2,800,000
Preferred stock convertible amount		$ 3,400,000
Conversion price		$ 32.94
Fair value per share		$ 39.78
Common stock shares reserved for future issuance, Value		$ 2,800,000
Preferred stock, shares issued		1,020,000
Rate of dividend payable in kind		7.00%
Price per share		$ 2.75
Number of shares reserved for future issuance		1,020,000
Average market price of common stock		$ 39.78
Preferred stock, liquidation preference per share		$ 2.7451
BCF [Member]
Preferred stock convertible amount		$ 2,800,000									$ 2,600,000
Accrete dividend		$ 2.7451							$ 0.84		$ 0.84
Additional deemed dividend		0.5699
B. Riley FBR, Inc. [Member] \| 2018 ATM agreement [Member]
Proceeds from issuance of shares											$ 2,000,000
Sale of stock, number of shares											3,300,000
Common stock authorized to be issued under prospectus supplement, value							$ 50,000,000
B. Riley FBR, Inc. [Member] \| 2018 ATM agreement [Member] \| March 28, 2019 and March 29, 2019 [Member]
Proceeds from issuance of shares											$ 200,000
Sale of stock, number of shares											300,000
B. Riley FBR, Inc. [Member] \| ATM Agreement [Member]
Net proceeds to Company											$ 20,700,000
B. Riley FBR, Inc. [Member] \| ATM Agreement [Member] \| On January 24, 2018, January 26, 2018, February 7, 2018, and March 2, 2018 [Member]
Aggregate registration amount									$ 22,600,000		$ 22,600,000
Holders of Series A Preferred Shares [Member]
Preferred Stock, Shares Outstanding									785,877		785,877		813,624
Preferred stock, liquidation preference									$ 2,700,000		$ 2,700,000		$ 2,600,000
Common stock, shares issued, conversion of preferred stock
Convertible preferred stock, shares converted										95,116		95,116
Accumulated dividend									$ 500,000		$ 500,000		$ 400,000
Shares issued against dividend
Long-Term Non-Qualified Options [Member] \| Director [Member]
Non-qualified stock options granted				17,711
Non-qualified stock options outstanding											34,428
Description of option vesting				The remaining approximately 17,711 stock options were service based options issued to the directors of the Company that vest over a one-year period on the anniversary date of the grant. All options granted have a 10-year contractual term.
Long-Term Non-Qualified Options [Member] \| Employees and Consultants [Member]
Non-qualified stock options granted				128,355
Description of option vesting				The service condition vests one-third annually over a 3-year period with accelerated vesting of these options occurring upon applicable performance or market conditions being satisfied by certain milestone dates
Long-Term Non-Qualified Options [Member] \| Employees, Consultants and Directors [Member]
Non-qualified stock options granted				146,066
Description of option vesting				The service condition vests one-third annually over a 3-year period with accelerated vesting of these options occurring upon applicable performance or market conditions being satisfied by certain milestone dates.
Strike price				$ 10.80
Description of Long-Term Non-Qualified Option Grants				In accordance with ASC 718, awards with service, market and performance conditions for the employees and consultants were assigned a fair value of $8.28 per share and the awards with service conditions for the directors of the Company were assigned a fair value of $8.40 per share (total value of $1.2 million). The value was determined using a Monte Carlo simulation. The following assumptions were used in the Monte Carlo simulation model
Description for accelerated vesting of options				The Company’s closing stock price is above $36 per share for 10 consecutive trading days by December 31, 2019, The Company secures at least $5 million of funding from the Department of Energy by June 30, 2019.
Description for exercise of options				The weighted average years remaining of expected life was itself calculated based on a Monte Carlo simulation under which it was assumed that the options would be exercised, if vested, when the stock reached a price of $54, otherwise they would be exercised at expiration, if in the money.
Long-Term Non-Qualified Options [Member] \| Advisory board members[Member] \| Minimum [Member] \| Consultants [Member]
Exercise price											10.80
Term of options											3 years
Long-Term Non-Qualified Options [Member] \| Advisory board members[Member] \| Maximum [Member] \| Consultants [Member]
Exercise price											519
Term of options											10 years
Long-Term Non-Qualified Options [Member] \| Advisory board members[Member] \| Directors, Officers and Employees [Member]
Non-qualified stock options granted											391,915
Non-qualified stock options outstanding											112,968
Long-Term Non-Qualified Options [Member] \| Advisory board members[Member] \| Directors, Officers and Employees [Member] \| Minimum [Member]
Exercise price											10.80
Contractual lives											4 months 24 days
Term of options											10 years
Long-Term Non-Qualified Options [Member] \| Advisory board members[Member] \| Directors, Officers and Employees [Member] \| Maximum [Member]
Exercise price											519
Contractual lives											8 years 10 months 25 days
Term of options											10 years
Long-Term Non-Qualified Options [Member] \| Advisory board members[Member] \| Chief Executive Officer [Member] \| Minimum [Member]
Contractual lives											3 years
Long-Term Non-Qualified Options [Member] \| Advisory board members[Member] \| Chief Executive Officer [Member] \| Maximum [Member]
Contractual lives											10 years
PIK dividend [Member]
Reverse stock split											One-for-twelve reverse stock split on October 21, 2019
Conversion price		2.7451							$ 1.50		$ 1.50
Fair value per share		$ 3.315							$ 2.34		$ 2.34
Preferred Stock, Shares Outstanding								2,666,667	2,666,667		2,666,667		2,666,667
Preferred stock, liquidation preference									$ 4,500,000		$ 4,500,000		$ 4,300,000
Accumulated dividend									500,000		500,000		300,000
Total cumulative deemed dividend									200,000		200,000		100,000
PIK dividend [Member] \| BCF [Member]
Total cumulative deemed dividend									$ 29,000		$ 29,000		$ 41,000
2006 Stock Plan and 2015 Equity Incentive Plan [Member]
Stock options outstanding									435,979		435,979		467,013
Options vested											351,108		327,928