Lightbridge Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Sep. 30, 2022
Commitments and Contingencies (Note 4)
Note 4. Commitments And Contingencies	Note 4. Commitments and Contingencies Commitments *Operating Leases* The Company leased office space for a 12-month term from January 1, 2022 through December 31, 2022 with a monthly payment of approximately $8,000. The future minimum lease payments required under the non-cancellable operating leases for 2022 total approximately $23,000. Total rent expense for the three and nine months ended September 30, 2022 was approximately $23,000 and $70,000, respectively. Total rent expense for the three and nine months ended September 30, 2021 was approximately $30,000 and $91,000, respectively.

Commitments and Contingencies

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies (Note 4)

Note 4. Commitments And Contingencies

Note 4. Commitments and Contingencies

Commitments

Operating Leases

The Company leased office space for a 12-month term from January 1, 2022 through December 31, 2022 with a monthly payment of approximately $8,000. The future minimum lease payments required under the non-cancellable operating leases for 2022 total approximately $23,000. Total rent expense for the three and nine months ended September 30, 2022 was approximately $23,000 and $70,000, respectively. Total rent expense for the three and nine months ended September 30, 2021 was approximately $30,000 and $91,000, respectively.