Annual report pursuant to Section 13 and 15(d)

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

v3.21.1
Investment in Joint Venture (Investee Losses in Excess of Investment) (Tables)
12 Months Ended
Dec. 31, 2020
Investment in Joint Venture (Investee Losses in Excess of Investment)  
Schedule of Equity method investment

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Enfission, LLC

 

 

 

 

 

 

Ownership Interest

 

 

50 %

 

 

50 %

Carrying Amount

 

 

 

 

 

 

 

 

Total cumulative contributions

 

$ 9.2

 

 

$ 9.2

 

Less: Share of the loss in investment in Enfission

 

 

(9.2 )

 

 

(9.2 )

Equity losses in excess of investment

 

$

 

 

$

 

Schedule of Summarized financial information for investee

 

 

December 31,

2019

 

Assets

 

 

 

Cash

 

$ 1.0

 

Total assets

 

$ 1.0

 

 

 

 

 

 

Liabilities and equity

 

 

 

 

Total liabilities

 

$ 2.1

 

Equity

 

 

(1.1 )

Total liabilities and equity

 

$ 1.0

 

Summary of Summarized statement of operations

 

For the year

ended

December 31,

 

 

 

2019

 

Revenues

 

$

 

Research and development expenses

 

 

4.2

 

General and administrative expenses

 

 

1.3

 

Total Operating Loss

 

$ 5.5

 

Loss from operations

 

$ 5.5

 

Net loss

 

$ 5.5