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)

6 Months Ended

Jun. 30, 2020

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

Equity method investment

		June 30,				December 31,
		2020				2019
Enfission, LLC
Ownership Interest			50	%			50	%
Carrying Amount
Total contributions		$	9.2			$	9.2
Less: Share of the loss in investment in Enfission			(9.2	)			(9.2	)
Equity balance		$	—			$	—

Summarized financial information for investee

		June 30, 2020				December 31, 2019
Assets
Cash		$	0.2			$	1.0
Other current assets			—				—
Total assets		$	0.2			$	1.0

Liabilities and equity
Total liabilities		$	1.4			$	2.1
Equity (Deficit)			(1.2	)			(1.1	)
Total liabilities and equity		$	0.2			$	1.0

Summary of Summarized statement of operations

		For the Six Months Ended
		June 30,
		2020				2019
Research and development costs		$	—			$	3.8
Administrative expenses			0.1				0.7
Total Operating Loss		$	0.1			$	4.5
Loss from operations		$	0.1			$	4.5
Net loss		$	0.1			$	4.5