Quarterly report pursuant to Section 13 or 15(d)

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

v3.20.2
Investment in Joint Venture (Investee Losses in Excess of Investment) (Tables)
 9 Months Ended
Sep. 30, 2020
Investment in Joint Venture (Investee Losses in Excess of Investment)  
Schedule of Equity method investment

 

 

September 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

 

$

—

 

 

$

—

 

Schedule of Summarized financial information for investee

 

 

September 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

 

$

1.3

 

 

$

2.1

 

Equity (Deficit)

 

 

(1.1

)

 

 

(1.1

)

Total liabilities and equity

 

$

0.2

 

 

$

1.0

 

Summary of Summarized statement of operations

 

 

For the Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

Revenue

 

$

—

 

 

$

—

 

Research and development costs

 

 

—

 

 

 

4.4

 

Administrative expenses

 

 

0.1

 

 

 

1.0

 

Total Operating Loss

 

$

0.1

 

 

$

5.4

 

Loss from operations

 

$

0.1

 

 

$

5.4

 

Net loss

 

$

0.1

 

 

$

5.4