Research and Development Costs
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6 Months Ended |
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Jun. 30, 2014
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Research and Development Costs [Text Block] |
Note 7. Research and Development Costs Research and Development Costs Research and development costs, included in the accompanying consolidated statement of operations amounted to approximately $0.6 million for the three month periods ended June 30, 2014 and 2013, and $1.1 million and $1.3 million for the six months ended June 30, 2014 and 2013, respectively. On August 15, 2013, Lightbridge entered into a Professional Services Agreement with a professor at Texas A&M University to continue the neutronic modeling work that was completed under Task Order No. 1 issued under our Master Research Services Agreement with Texas A&M University. The initial statement of work (SOW-1) under the Professional Services Agreement with the professor at Texas A&M University had a fixed price of $40,000 and was completed in the second quarter of 2014. The results of this work will be used to enhance our neutronic modeling capability using industry standard computer codes. In addition, we have consulting agreements with several consultants working on various projects for us, which total approximately $10,000 per month. |