Lightbridge Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity and Stock-Based Compensation (Details Narrative)

Stockholders' Equity and Stock-Based Compensation (Details Narrative) - USD ($)					1 Months Ended						9 Months Ended	12 Months Ended
	May 04, 2018	Jul. 12, 2017	Feb. 06, 2017	Aug. 02, 2016	Aug. 31, 2018	Apr. 30, 2018	Mar. 30, 2018	Jan. 30, 2018	Oct. 26, 2017	Aug. 30, 2017	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Jul. 30, 2018	May 31, 2017	Mar. 25, 2015
Exercise price								$ 0.25
Common stock, shares authorized												100,000,000	100,000,000
Common stock, shares, outstanding												32,862,090	12,737,703
Class of Warrant or Right, Outstanding												844,337	1,210,905
Stock options outstanding												5,604,154	3,976,884
Additional common shares													100,753
Total stock and stock equivalents outstanding												43,114,512	19,046,245
Accumulated dividend												$ 400,000	$ 300,000
Proceeds from the issuance of the warrants and common shares												$ 4,000,000
Common stock, conversion basis												The Series B Preferred Stock was initially convertible into 2,666,667 shares of common stock.
Preferred stock par value												$ 0.001	$ 0.001
Common Stock, Shares Issued												32,862,090	12,737,703
Number of options vested and expected to vest outstanding												3,935,138	2,434,148
Unrecognized compensation costs												$ 800,000
Weighted average recognition period												8 months 12 days
Aggregate intrinsic value												$ 0	$ 300,000
Description of Long-Term Non-Qualified Option Grants												In accordance with ASC 718, the market-based and performance-based long-term non-qualified option grants awards issued in 2017 were assigned a fair value of $0.80 per option share (total value of $0.9 million) on the date of grant using a Monte Carlo simulation. The following assumptions were used in the Monte-Carlo simulation model:
Series B 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’sCompany’s common stock for a thirty-trading day period is greater than $5.4902 prior to August 2, 2019 or greater than $8.2353 at any time. The Company can only exercise this option 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.
Preferred stock convertible amount												$ 6,200,000
2006 Stock Plan and 2015 Equity Incentive Plan [Member]
Stock options outstanding												5,604,154	3,976,884
Options vested												3,935,138	2,434,148
PIK dividend one [Member]
Total deemed dividends value												$ 41,000
PIK dividend [Member]
Conversion price				$ 2.7451								$ 1.50
Fair value per share				$ 3.315								$ 2.34
Total cumulative deemed dividend												$ 100,000
Deferred financing costs												1,000,000
Investment Bank [Member]
Monthly payments			$ 15,000
Introductory fee in percentage			7.00%
Warrants fees in percentage			5.00%
Offering price term			3 years
2015 Equity Incentive Plan [Member]
Common shares issued under incentive plan	6,300,000
New ATM agreement [Member]
Proceeds from issuance of shares												$ 7,200,000
Sale of stock, number of shares												6,400,000
Remaining balance of sale of shares												$ 40,800,000
Common stock authorized to be issued under prospectus supplement, value							$ 50,000,000
Convertible Series A Preferred Stock [Member]
Common stock, shares issued, conversion of preferred stock						124,882
Preferred Stock, Shares Outstanding												813,624	1,020,000
Conversion price												$ 2.75
Preferred stock, shares issued												813,624	1,020,000
Preferred stock, liquidation preference												$ 2,640,862	$ 3,088,764
Preferred stock convertible amount				$ 600,000
Series B Convertible Preferred Stock [Member]
Additional common shares												175,237
Accrued dividend												$ 262,856
Convertible Series B Preferred Stock [Member]
Class of Warrant or Right, Outstanding								666,664
Preferred Stock, Shares Outstanding												2,666,667	0
Rate of dividend payable in kind								7.00%
Proceeds from the issuance of the warrants and common shares												$ 3,700,000
Price per share								$ 1.50
Conversion price								$ 1.50
Preferred stock, shares issued								2,666,667				2,666,667	0
Preferred stock, liquidation preference												$ 4,262,855
Liquidation preference per share								$ 1.50
Common stock exercise price								1.875
Preferred stock convertible amount												$ 3,600,000
Series A Convertible Preferred Stock [Member]
Additional common shares												148,403	100,753
Accrued dividend												$ 407,382	$ 276,578
Long-Term Non-Qualified Options [Member] \| Advisory board members[Member]
Non-qualified stock options granted												101,351
Term of options												10 years
Long-Term Non-Qualified Options [Member] \| Chief Executive Officer [Member] \| Advisory board members[Member]
Non-qualified stock options granted												1,409,248
Long-Term Non-Qualified Options [Member] \| Chief Executive Officer [Member] \| Minimum [Member] \| Advisory board members[Member]
Contractual lives												3 years
Long-Term Non-Qualified Options [Member] \| Chief Executive Officer [Member] \| Maximum [Member] \| Advisory board members[Member]
Contractual lives												10 years
Long-Term Non-Qualified Options [Member] \| Directors, Officers and Employees [Member] \| Advisory board members[Member]
Non-qualified stock options granted												5,160,826
Long-Term Non-Qualified Options [Member] \| Directors, Officers and Employees [Member] \| Minimum [Member] \| Advisory board members[Member]
Exercise price												$ 0.9
Contractual lives												6 months
Term of options												5 years
Long-Term Non-Qualified Options [Member] \| Directors, Officers and Employees [Member] \| Maximum [Member] \| Advisory board members[Member]
Exercise price												$ 43.25
Contractual lives												9 years 8 months 9 days
Term of options												10 years
Long-Term Non-Qualified Options [Member] \| Director [Member]
Non-qualified stock options granted					212,528
Description of option vesting					The remaining approximately 212,528 stock options were service based options issued to the directors of the Company that vest over a one-year period on the anniversary date of the grant. All options granted have a 10-year contractual term
Long-Term Non-Qualified Options [Member] \| Employees and Consultants [Member]
Non-qualified stock options granted					1,540,263
Description of option vesting					The service condition vests one-third annually over a 3-year period with accelerated vesting of these options occurring upon applicable performance or market conditions being satisfied by certain milestone dates
Long-Term Non-Qualified Options [Member] \| Employees, Consultants and Directors [Member]
Non-qualified stock options granted					1,752,791
Strike price					$ 0.90
Description of option vesting					The service condition vests one-third annually over a 3-year period with accelerated vesting of these options occurring upon applicable performance or market conditions being satisfied by certain milestone dates
Description of Long-Term Non-Qualified Option Grants					In accordance with ASC 718, awards with service, market and performance conditions for the employees and consultants were assigned a fair value of $0.69 per share and the awards with service conditions for the directors of the Company were assigned a fair value of $0.70 per share (total value of $1.2 million). The value was determined using a Monte Carlo simulation Model
Description for accelerated vesting of options					<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 4%; text-align: justify"></td> <td style="width: 4%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">1.</font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company’s closing stock price is above $3 per share for 10 consecutive trading days by December 31, 2019.</font></td></tr> <tr> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">2.</font></td> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company secures at least $5 million of funding from the Department of Energy by June 30, 2019.</font></td></tr> </table>
Description for exercise of options					The weighted average years remaining of expected life was itself calculated based on a Monte Carlo simulation under which it was assumed that the options would be exercised, if vested, when the stock reached a price of $4.50, otherwise they would be exercised at expiration, if in the money
Consultants [Member] \| Long-Term Non-Qualified Options [Member] \| Advisory board members[Member]
Non-qualified stock options granted												485,957
Consultants [Member] \| Long-Term Non-Qualified Options [Member] \| Advisory board members[Member] \| Minimum [Member]
Exercise price												$ 0.9
Term of options												3 years
Consultants [Member] \| Long-Term Non-Qualified Options [Member] \| Advisory board members[Member] \| Maximum [Member]
Exercise price												$ 43.25
Term of options												10 years
Holders of Series A Preferred Shares [Member]
Convertible preferred stock, shares converted						111,260					95,116
Common stock, shares issued, conversion of preferred stock						124,882					110,530
Preferred stock, liquidation preference												$ 2,600,000
Shares issued against dividend											729
BCF [Member]
Accrete dividend				$ 2.7451								$ 0.84
Additional deemed dividend				$ 0.5699
Preferred stock convertible amount				$ 2,800,000								$ 2,600,000
General International Holdings, Inc [Member] \| Convertible Series A Preferred Stock [Member]
Common stock, shares, outstanding				255,000
Rate of dividend payable in kind				7.00%
Number of shares reserved for future issuance				1,020,000
Common stock shares reserved for future issuance, Value				$ 2,800,000
Price per share				$ 2.75
Conversion price				2.7451
Fair value per share				3.315
Average market price of common stock				$ 3.315
Aggregate intrinsic value				$ 2,800,000
Preferred stock, shares issued				1,020,000
Preferred stock, liquidation preference per share				$ 2.7451
Preferred stock convertible amount				$ 3,400,000
ATM Agreement [Member] \| B. Riley FBR, Inc. [Member]
Net proceeds to Company												28,800,000
ATM Agreement [Member] \| B. Riley FBR, Inc. [Member] \| On January 1, 2019 To March 29, 2019 [Member]
Proceeds from issuance of shares												$ 1,900,000
Sale of stock, number of shares												3,200,000
ATM Agreement [Member] \| B. Riley FBR, Inc. [Member] \| On January 24, 2018, January 26, 2018, February 7, 2018, and March 2, 2018 [Member]
Aggregate registration amount												$ 22,600,000
2015 Equity Incentive Plan [Member]
Expected term									5 years	3 years
Non-qualified stock options granted									523,319	31,425
Contractual lives									10 years	10 years
Strike price									$ 1.05	$ 1.08
Fair market value of per option									$ 0.73	$ 0.80
2015 Equity Incentive Plan [Member] \| Employees and Consultants [Member] \| Long-Term Non-Qualified Options [Member]
Options vested									2,800,000
Stock options granted									179,211
Contractual lives									10 years
Strike price									$ 1.05
Description of option vesting									The Company’s closing stock price is above $3 per share by December 31, 2018
Description of Long-Term Non-Qualified Option Grants									Approximately 0.7 million of such long-term non-qualified stock options were issued under the 2015 Equity Stock Plan.
2015 Equity Incentive Plan [Member] \| Director [Member]
Stock options outstanding									1,120,322
Non-qualified stock options granted									1,299,533
Description of option vesting									Accelerated 100% vesting
Stock Options and Restricted Stock [Member] \| Plan [Member]
Common stock, shares authorized																600,000
Common stock, shares authorized increased	3,400,000														2,900,000	1,400,000
Warrants [Member]
Proceeds from the issuance of the warrants and common shares												300,000
Warrants [Member] \| Convertible Series B Preferred Stock [Member]
Exercise price								$ 1.50
Number of shares reserved for future issuance														133,432
Maturity date								Jan. 30, 2021
Convertible Series B Preferred Stock [Member]
Accumulated dividend												$ 187,000
Price per share												$ 2.34
Preferred stock, shares issued												2,666,667
Preferred stock, liquidation preference												$ 4,300,000
ATM Offering - 2017 [Member] \| FBR Capital Markets & Co. and MLV & Co. LLC [Member]
Net proceeds to Company		$ 1,600,000
Issuance of shares		1,400,000