Annual report pursuant to Section 13 and 15(d)

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

v3.20.1
Investment in Joint Venture (Investee Losses in Excess of Investment) (Tables)
12 Months Ended
Dec. 31, 2019
Investment in Joint Venture (Investee Losses in Excess of Investment) (Tables)  
Equity method investment

 

December 31,

 

December 31,

 

2019

 

2018

 

Enfission, LLC

 

Ownership Interest

 

50

%

 

50

%

Carrying Amount

 

Total contributions

 

$

9.2

 

$

5.6

 

Less: Share of the loss in investment in Enfission

 

(9.2

)

 

(5.8

)

Equity losses in excess of investment

 

$

 

$

(0.2

)

 

Summarized financial information for investee

 

December 31,

2019

 

December 31,

2018

 

Assets

 

Cash

 

$

1.0

 

$

0.7

 

Other current assets

 

 

0.7

 

Total assets

 

$

1.0

 

$

1.4

 

Liabilities and equity

 

Total liabilities

 

$

2.1

 

$

1.9

 

Equity

 

(1.1

)

 

(0.5

)

Total liabilities and equity

 

$

1.0

 

$

1.4

 

Summary of Summarized statement of operations

 

 

For the Year

Ended

December 31,

2019

 

For the period from January 24, 2018 (Date of Inception) to December 31,

2018

 

Net revenues

 

$

0.0

 

$

0.0

 

Research and development expenses

 

4.2

 

6.6

 

Administrative expenses

 

1.3

 

1.1

 

Total Operating Loss

 

$

5.5

 

$

7.7

 

Loss from operations

 

$

5.5

 

$

7.7

 

Net loss

 

$

5.5

 

$

7.7