Pursuant to the Enfission operating agreement, both partners agreed that Enfission will serve as an exclusive vehicle to develop, license and sell nuclear fuel assemblies based on Company-designed metallic fuel technology and other advanced nuclear fuel intellectual property licensed to Enfission by the Company and Framatome or their affiliates. The joint venture builds on the joint fuel development and regulatory licensing work under previously signed agreements initiated in March 2016.

The Enfission operating agreement provided that the Company and Framatome each hold 50% of the total issued Class A voting membership units of the joint venture. The Company's investment accounted for under the equity method consist of the following as of June 30, 2018 (carrying amounts rounded in millions of dollars):

The Company invested approximately $5.2 million in Enfission June 30, 2018. The cash balance in Enfission at June 30, 2018 was approximately $4.5 million. During the six-months ended June 30, 2018, Enfission incurred a loss of approximately $2.8 million, and accordingly, the Company recorded its share of the loss in investment in Enfission, in accordance with the provisions in the joint venture operating agreement, of approximately $2.8 million in the accompanying condensed consolidated statement of operations. The Company’s cash position exceeds the approximate $10 million to $12 million that it is presently contractually bound to provide to Enfission. The Company expects to continue providing additional equity contributions in 2018 and for the foreseeable future.

Summarized balance sheet information for the Company’s equity method investee Enfission as of June 30, 2018 is presented in the following table (rounded in millions of dollars):

Summarized income statement information for the Company’s equity method investee Enfission is presented in the following table for the period ended June 30, 2018 (rounded in millions):

As of June 30, 2018, the total receivable due from Enfission was approximately $0.4 million, which represents consulting fees charged to Enfission and reimbursable expenses paid by Lightbridge on Enfission’s behalf.