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

Quarterly report pursuant to Section 13 or 15(d)

Schedule of Deferred Tax Assets and Liabilities (Details)

Schedule of Deferred Tax Assets and Liabilities (Details) (USD $)	Jun. 30, 2012	Dec. 31, 2011
Capitalized start up costs	$ 5,333,739	$ 5,589,739
Share based compensation	21,488,009	21,070,686
Net operating loss carry-forward	32,213,929	30,463,782
Less: valuation allowance	(59,035,677)	(57,124,207)
Deferred Tax Assets, Net, Total	0	0
Deferred Tax Asset Amount [Member]
Capitalized start up costs	2,133,496	2,235,896
Share based compensation	8,595,204	8,428,274
Net operating loss carry-forward	12,885,572	12,185,513
Less: valuation allowance	(23,614,272)	(22,849,683)
Deferred Tax Assets, Net, Total	$ 0	$ 0

- Definition

Amount before allocation of valuation allowances of deferred tax asset attributable to deductible domestic operating loss carryforwards. Excludes state and local operating loss carryforwards.

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- Definition

Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized.

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