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	Aug. 31, 2020	May 15, 2020	Feb. 10, 2020	Oct. 08, 2019	Apr. 16, 2019	May 31, 2018	Jan. 30, 2018	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Mar. 09, 2020	May 31, 2017	Mar. 25, 2015
Common stock, shares, outstanding										4,416,961		4,416,961		3,252,371
Common stock, conversion basis												The Series B Preferred Stock was initially convertible into 2,666,667 shares of common stock (now convertible into 222,222 shares of common stock when adjusted for the one-for-twelve reverse stock split on October 21, 2019).
Class of Warrant or Right, Outstanding										70,361		70,361		70,361
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.
Stock options outstanding										515,985		515,985		518,551
Total stock and stock equivalents outstanding										5,350,009		5,350,009		4,175,164
Accumulated dividend (unpaid)												$ 800,000		$ 600,000
Number of Awards Stock option outstanding										515,985		515,985		518,551
Number of Awards Vested										466,259		466,259		433,678
Number of options vested and expected to vest outstanding										48,000		48,000
Weighted average recognition period												1 year 8 months 27 days
Aggregate intrinsic value										$ 28,000		$ 28,000		$ 59,000
Preferred stock convertible amount												$ 6,200,000
Common stock exercise price												$ 4.45
Common stock, shares authorized										8,333,333		8,333,333		8,333,333
Fair value per share										$ 14.60		$ 14.60		$ 15.89
Shares issued to consultant										$ 17,000
September 29, 2020 [Member] \| ATM Agreement [Member]
Sale of stock, number of shares												109,500
Proceeds from issuance of shares												$ 476,000
Short-Term Non-Qualified Options [Member] \| Employees, Consultants and Directors [Member] \| December 2, 2019 [Member]
Fair value per share										$ 2.59		$ 2.59
Strike price										3.82		$ 3.82
Term of options granted, description												These options have a 10-year contractual term
Shares issued to consultant												$ 7,634		$ 4,247
Expected Term												5 years
Stock options granted, shares												86,982
Short-Term Non-Qualified Options [Member] \| Employees, Consultants and Directors [Member] \| Maximum [Member]
Exercise price										355.80		$ 355.80
Short-Term Non-Qualified Options [Member] \| Directors, Officers and Employees [Member] \| Advisory board members[Member]
Non-qualified stock options granted												122,855
Short-Term Non-Qualified Options [Member] \| Directors, Officers and Employees [Member] \| Maximum [Member] \| Advisory board members[Member]
Exercise price										$ 3.82		$ 3.82
Contractual lives												9 years 4 months 24 days
Term of options												10 years
Short-Term Non-Qualified Options [Member] \| Chief Executive Officer [Member] \| Maximum [Member] \| Advisory board members[Member]
Contractual lives												9 years 4 months 24 days
Non-qualified stock options granted												393,130
Non-qualified stock options outstanding												128,010
Short-Term Non-Qualified Options [Member] \| Chief Executive Officer [Member] \| Minimum [Member] \| Advisory board members[Member]
Contractual lives												5 months 30 days
PIK dividend [Member]
Reverse stock split												One-for-twelve reverse stock split on October 21, 2019
Total cumulative deemed dividend										$ 46,000	$ 43,000	$ 137,000	$ 128,000
BCF [Member] \| PIK dividend [Member]
Exercise price										$ 18.00		$ 18.00
Common stock to be purchased in the offering										11,119		11,119
Monthly payments	$ 15,000
Introductory fee in percentage	7.00%
Warrants fees in percentage	5.00%
Offering price term	3 years
Consultants [Member] \| Short-Term Non-Qualified Options [Member] \| Maximum [Member] \| Advisory board members[Member]
Exercise price									$ 1.50
Maturity date									Jan. 30, 2021
Consultants [Member] \| Short-Term Non-Qualified Options [Member] \| Minimum [Member] \| Advisory board members[Member]
Exercise price										$ 331.80		$ 331.80
Term of options												10 years
Contractual lives												5 months 30 days
Series B Preferred Shares [Member]
Preferred stock convertible amount		$ 600,000
Preferred stock, shares issued										2,666,667		2,666,667		2,666,667
Conversion price										$ 32.94		$ 32.94		$ 32.94
Preferred stock, liquidation preference										$ 4,813,284		$ 4,813,284		$ 4,569,180
Preferred Stock, Shares Outstanding										2,666,667		2,666,667		2,666,667
Series B Preferred Stock conversion description												This amount was compared to the $3.7 million (rounded) of proceeds allocated to the Series B Preferred Stock to indicate that a beneficial conversion feature ("BCF") of approximately $2.6 million existed at the date of issuance, which was immediately accreted as a deemed dividend because the conversion rights were immediately effective.
Conversion of Stock, Shares Converted														757,770
Common stock shares reserved for future issuance, Value										$ 222,222		$ 222,222		$ 222,222
Additional common shares										45,182		45,182		31,621
Common stock equivalents shares										5,350,009		5,350,009		4,175,164
Accrued dividend										$ 813,285		$ 813,285		$ 569,181
Series A Preferred Stock [Member]
Preferred stock, shares issued										712,126		712,126		757,770
Preferred stock, liquidation preference										$ 2,600,000		$ 2,600,000		$ 2,600,000
Preferred Stock, Shares Outstanding										712,126		712,126		757,770
Accrete dividend		$ 2.7451								$ 0.84		$ 0.84
Additional deemed dividend		$ 0.5699
Common stock shares reserved for future issuance, Value										$ 59,344		$ 59,344		$ 63,148
Accrued dividend										657,299		657,299		556,390
Additional common share										19,954		19,954		16,890
Total deemed dividends										$ 10,000	$ 10,000	28,000	$ 28,000
Series A Preferred Stock [Member] \| Holder [Member]
Convertible preferred stock, shares converted			16,689	17,080	11,875	28,107	27,747
Common stock, shares issued, conversion of preferred stock			1,846	1,847	1,255	2,922	2,782
Series B Preferred Stock [Member] \| Warrants [Member]
Proceeds from issuance of warrants												4,000,000
Remaining value of warrant												300,000
Allocated amount												$ 3,700,000
Series B Preferred Stock [Member] \| General International Holdings, Inc [Member]
Class of Warrant or Right, Outstanding									55,555
Common stock exercise price									$ 22.50
Rate of dividend payable in kind									7.00%
Price per share									$ 1.50	$ 28.08		$ 28.08
Conversion price									$ 18
Proceeds from issuance of warrants									$ 4,000,000
Retainer payment									$ 15,000
Liquidation preference per share									$ 1.50
Securities Purchase Agreement [Member] \| Series A Preferred Stock [Member]
Common stock, shares, outstanding		255,000
Common stock, conversion basis												The Series A Preferred Stock was initially convertible into 1,020,000 shares of common stock (now convertible into 85,000 common shares when adjusted for the one-for-twelve reverse stock split on October 21, 2019).
Preferred stock convertible amount		$ 3,400,000
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
Conversion price		32.94
Securities Purchase Agreement [Member] \| Series B Preferred Stock [Member] \| Preferred Stock Equity Offerings [Member]
Fair value per share		3.315								2.34		$ 2.34
Conversion price		$ 2.7451								$ 1.50		$ 1.50
Reverse stock split												One-for-twelve reverse stock split on October 21, 2019
Preferred stock, liquidation preference										$ 4,800,000		$ 4,800,000		$ 4,600,000
Preferred Stock, Shares Outstanding										2,666,667		2,666,667		2,666,667
Accumulated dividend										$ 800,000		$ 800,000		$ 600,000
2020 Equity Incentive Plan [Member]
Common stock, shares authorized															350,000
2019 and 2018 ATM Agreement [Member]
Sale of stock, number of shares											115,527		508,063
Proceeds from issuance of shares											$ 800,000		$ 3,800,000
2019 ATM Agreement [Member]
Sale of stock, number of shares										600,000		1,100,000
Proceeds from issuance of shares										$ 2,500,000		$ 5,100,000
New Atm Agreement [Member]
Aggregate offering price												$ 13,500,000
2015 Equity Incentive Plan [Member]
Common stock, shares authorized																	50,000
Common stock, shares authorized increased																241,667	116,667
Investment Bank [Member]
Common shares issued under incentive plan								525,000