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

Annual report pursuant to Section 13 and 15(d)

Stockholders Equity and StockBased Compensation (Details Narrative)

Stockholders Equity and StockBased Compensation (Details Narrative) - USD ($)					1 Months Ended						3 Months Ended	9 Months Ended	12 Months Ended
	Dec. 03, 2021	Apr. 08, 2021	Mar. 09, 2020	Aug. 02, 2016	Nov. 19, 2021	Nov. 18, 2021	Oct. 29, 2021	Aug. 31, 2021	Oct. 21, 2019	Jan. 30, 2018	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2021	Dec. 31, 2020	Nov. 04, 2021	Jun. 30, 2021	Jun. 28, 2021	Mar. 25, 2021	Oct. 28, 2020	Dec. 31, 2019
Increased in common stock shares authorized													188,588				13,500,000
Warrants outstanding, total													45,577	70,361
Stock option exercise													30,282
Stock option exercise net proceeds													$ 300,000
Total unrecognized compensation cost													$ 1,900,000
Increased in number of shares issued																	650,000
Convertible restricted stock													188,588	243,800
Common stock, shares, outstanding													9,759,223	6,567,110
Total of common stock, outstanding shares													7,035,510	4,216,568
Common stock, conversion basis													The Series B Preferred Stock was initially convertible into 2,666,667 shares of common stock (convertible into 222,222 shares of common stock when adjusted for the one-for-twelve reverse stock split on October 21, 2019)
Class of Warrant or Right, Outstanding													45,577	70,361
Stock options outstanding													10,532,101	515,847
Weighted-average period													1 year 8 months 26 days
Preferred stock convertible amount												$ 38,071	$ 213,720	$ 222,196
Common stock, shares authorized													13,500,000	13,500,000
Fair value per share													$ 12.92	$ 14.51		$ 12.66				$ 15.89
Incremental dilutive shares from equity instruments (treasury stock method)													0	0
Common stock, shares issued													9,759,223	6,567,110
Available-for-sale Securities [Member]
Agreement to sale of company's securities																		$ 75,000,000
Aggregate offering price					$ 20,000,000.0								$ 9,000,000.0
Sold of ATM													2,000,000.0	3,300,000
Proceeds for sale of ATM													$ 14,800,000	$ 12,300,000
Short-Term Non-Qualified Options [Member] \| Advisory board members[Member] \| Directors, Officers and Employees [Member]
Contractual lives													10 years
Minimum [Member]
Price per shares													$ 2.08
Exercise price													$ 3.82
Contractual lives													3 years 3 months 18 days
Term of options													1 year
Maximum [Member]
Price per shares													$ 28.08
Exercise price													$ 75.60
Contractual lives													7 years 10 months 24 days
Term of options													10 years
Maximum [Member] \| Short-Term Non-Qualified Options [Member] \| Employees, Consultants and Directors [Member]
Exercise price													$ 75.60
Contractual lives													9 years 8 months 12 days
Maximum [Member] \| Short-Term Non-Qualified Options [Member] \| Advisory board members[Member] \| Directors, Officers and Employees [Member]
Term of options													10 years
Convertible Series B Preferred Stock [Member]
Preferred stock convertible amount				$ 60,000									$ 6,200,000
Additional common shares													64,398	20,980
Conversion of Stock, Shares Converted into common stock									222,222				222,222
Preferred Stock, Shares Outstanding													0	2,666,667
Rate of dividend payable in kind										7.00%
Price per shares										$ 1.50
Preferred stock, shares issued										2,666,667			0	2,666,667
Common stock equivalents shares														7,748,505
Accrued dividend														$ 897,518
Aggregate liquidation preference													$ 2,600,000
Allocated amount													$ 370,000
Series A Preferred Stock [Member]
Additional common shares													23,965	20,980
Conversion of Stock, Shares Converted into common stock		36,111		85,000				4,228
Preferred stock, shares issued													663,767
Accrete dividend				$ 2.7451
Additional deemed dividend				$ 0.5699
Common stock shares reserved for future issuance, Value													55,314	58,323
Convertible preferred stock, shares converted														699,878
Accrued dividend														$ 691,120
Series B Preferred Shares [Member] \| Convertible Stock [Member]
Preferred Stock, Shares Outstanding													2,666,667	2,666,667
Allocated amount													$ 37,000
Remaining value of warrant													$ 30,000
Securities Purchase Agreement [Member] \| Series A Preferred Stock [Member]
Common stock, shares, outstanding				255,000
Preferred stock convertible amount				$ 340,000
Fair value per share				$ 39.78
Conversion price				$ 32.94
Conversion of Stock, Shares Converted into common stock		2,666,667		85,000				4,228
Rate of dividend payable in kind				7.00%
Price per shares				$ 2.75
Preferred stock, shares issued				1,020,000
Common stock shares reserved for future issuance, Value				$ 280,000
Amount of beneficial conversion feature				$ 280,000
Number of shares reserved for future issuance				1,020,000
Average market price of common stock				$ 39.78
Preferred stock, liquidation preference per share				2.7451
Securities Purchase Agreement [Member] \| Series B Preferred Stock [Member] \| Preferred Stock Equity Offerings [Member]
Fair value per share				3.315
Conversion price				2.7451
Reverse stock split													one-for-twelve reverse stock split on October 21, 2019
Accrete dividend				$ 2.7451
Measurement Input, Conversion Price [Member]
Conversion price							$ 10
Conversion of Stock, Shares Converted into common stock				85,000			262,910
Measurement Input, Conversion Price [Member] \| Series B Preferred Stock [Member]
Warrants outstanding, total										55,555
Class of Warrant or Right, Outstanding										55,555
Conversion price										$ 18
Rate of dividend payable in kind										7.00%
Price per shares										$ 1.50
Preferred stock, shares issued										2,666,667
Proceeds from issuance of warrants										$ 400,000,000
Liquidation preference per share										$ 1.50
Exchange of Outstanding Series A Convertible Preferred Stock for Common Shares
Conversion price							$ 32.94
Accrued dividend							$ 800,000
Conversion of Stock, Shares Converted into common stock				85,000			262,910
Additional common stock shares issuable							183,098
Closing stock price							$ 9.57
Additional paid-in capital a deemed dividend							$ 1,800,000
Liquidation value of common stock							$ 2,600,000
Exchange of Outstanding Series B Convertible Preferred Stock for Common Shares
Issued of aggregate shares of common stock	522,244
Conversion price	$ 18
Accrued dividend	$ 1,200,000
Conversion of Stock, Shares Converted into common stock	232,111			85,000
Additional common stock shares issuable	5,200,000
Closing stock price	$ 7.57
Additional paid-in capital a deemed dividend	$ 1,800,000
Preferred Stock, Shares Outstanding	2,666,667													2,666,667
Vested Stock Options [Member]
Aggregate intrinsic value													$ 225,000	$ 33,000
Non-vested stock options [Member]
Aggregate intrinsic value													$ 238,000	$ 33,000
Weighted-average period													2 years 21 days
Net unrecognized compensation cost													$ 42,000
2020 Equity Incentive Plan [Member]
Common stock, shares authorized			350,000														8,333,333
Common stock, shares issued																	350,000
Increase in number of shares			650,000
PIK [Member] \| Series B, Preferred Stock
Preferred Stock, Shares Outstanding													663,767	699,878
Aggregate liquidation preference													$ 2,600,000
Accumulated dividend													234,000.00	$ 700,000
Description of deemed dividend							the original $1.50 conversion price prior to the one-for-twelve reverse stock split on October 21, 2019 of the PIK dividends to the $2.34 commitment date fair value per share on January 30, 2018 indicated that each PIK dividend would accrete 0.84 of BCF as an additional deemed dividend for every $1.50 of PIK dividend accrued.
Total deemed dividends											$ 10,000	$ 28,000	29,000
PIK [Member] \| Series A, Preferred Stock
Accumulated dividend													$ 1,200,000	$ 900,000
Omnibus Incentive Plan [Member]
Exercise price																			$ 2.69
RSUs granted, value																			$ 656,000
RSUs granted																			243,800
Weighted average recognition period													2 months 12 days
Restricted Stock Units (RSUs) [Member]
Fair value per share													$ 9.93	$ 2.69	$ 6.74
Common shares vested													35,304		157,233		300,000
Compensation expected to be expensed													$ 43,313		$ 500,000		$ 400,000
Granted to executive officers													78,617		70,265		157,233		243,800
Board of Directors Chairman [Member]
Common shares issuances equity grant value						$ 35,000
Additional common shares						19,644								20,980
Common shares equity grant price per shares						$ 10.69
Description of common shares issuances						There were 13,096 common shares issued to four directors that vested immediately upon issuance and the remaining 6,548 shares of common shares were issued to the two remaining directors that vested on January 1, 2022
Board of Directors Chairman [Member] \| Restricted Stock Awards
Common shares issuances equity grant value						$ 2,000,000							$ 2,000,000
Additional common shares						188,588							188,588	20,980
Common shares equity grant price per shares						$ 10.69
Description of common shares issuances						Therefore these 188,588 shares were included in the total outstanding common shares at December 31, 2021 and compensation expense recognized straight line over the three-year vesting period. A total of $0.1 million of compensation expense was recorded for the year ended December 31, 2021.							The Company will reassess the probability of achieving this performance condition at each reporting period in 2022 and record the approximately $2 million as an expense as well as include these performance-based RSA shares in the total outstanding common shares, if there is a change to its assessment that it is probable that this performance-condition will be met
Chief Executie Officer [Member] \| Minimum [Member] \| Short-Term Non-Qualified Options [Member] \| Advisory board members[Member]
Exercise price													$ 3.82
Contractual lives													3 years 3 months 18 days
Consultants [Member]
Exercise price													$ 3.82
Total fair value of stock options													$ 150,000
Common stock shares issued													7,382
Exercise price lower range limit													$ 2.08
Exercise price upper range limit													$ 4.75
Non-qualified stock options granted													206,087
Consultants [Member] \| Maximum [Member] \| Short-Term Non-Qualified Options [Member] \| Advisory board members[Member]
Exercise price										$ 1.50			$ 75.60
Maturity date										January 30, 2021
Chief Executive Officer [Member] \| Maximum [Member] \| Short-Term Non-Qualified Options [Member] \| Advisory board members[Member]
Contractual lives													9 years 10 months 24 days
Non-qualified stock options granted													362,908
Non-qualified stock options outstanding													127,299
Four Director [Member]
RSUs granted																			21,200
Common Stock
Incremental dilutive shares from equity instruments (treasury stock method)														49,862
Common stock, shares issued													538,713	6,567,110	86,968		10,462