Annual report pursuant to Section 13 and 15(d)

Research and Development Costs

Research and Development Costs
12 Months Ended
Dec. 31, 2019
Research and Development Costs  
Note 7. Research and Development Costs

 Lightbridge total corporate research and development costs, included in the caption research and development expenses in the accompanying consolidated statement of operations amounted to approximately $2.7 million and $3.5 million for the years ended December 31, 2019 and 2018, respectively. See Note 10. Related Party Transactions regarding consulting fees charged to Enfission for research and development expenses incurred by Lightbridge on behalf of Enfission.


On December 19, 2019 the Company was awarded a voucher from the U.S. Department of Energy’s (DOE) Gateway for Accelerated Innovation in Nuclear (GAIN) program to support development of Lightbridge Fuel in collaboration with Idaho National Laboratory (INL). The scope of the project includes experiment design for irradiation of Lightbridge metallic fuel material samples in the Advanced Test Reactor (ATR) at INL. The project is anticipated to commence in the first half of 2020. The total project value is approximately $846,000, with three-quarters of this amount funded by DOE for the scope performed by INL. No payments related to the voucher were received by INL for the year ended December 31,2019.