Lightbridge Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment, net

Property, Plant and Equipment, net

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment, net [Text Block]

Note 5. Property, Plant and Equipment, net

The following represents the detail of our property, plant and equipment (in millions), net at December 31, 2012 and 2011:

		2012			2011
Furniture, computers and office equipment	$	0.1		$	0.1
Accumulated depreciation		(0.1	)		(0.1	)
Net book value	$	-		$	-

Asset lives are five years and the depreciation method is straight line for all of the above assets. There was no gain or loss on disposition of assets in 2012 and 2011.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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