Annual report pursuant to Section 13 and 15(d)

Sales

v3.6.0.2
Sales
12 Months Ended
Dec. 31, 2016
Revenue [Abstract]  
Sales

15.Sales

 

Revenue is primarily derived from the sale of U3O8 to domestic utilities under contracts or spot sales. In 2016, the Company also sold deliveries under two of its contracts to a third party trader. The income was deferred at the time and recognized when the respective deliveries were completed.

 

Revenue consists of:

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

2016

 

2015

 

$

 

 

 

$

 

 

Sale of produced inventory

 

 

 

 

 

 

 

Company A

12,741

 

46.7%

 

6,098

 

14.6%

Company B

6,375

 

23.3%

 

6,518

 

15.6%

Company C

3,075

 

11.3%

 

10,674

 

25.4%

Company D

 -

 

0.0%

 

6,671

 

15.9%

 

22,191

 

81.3%

 

29,961

 

71.5%

Sales of purchased inventory

 

 

 

 

 

 

 

Company E

 -

 

0.0%

 

11,847

 

28.3%

 

 

 

 

 

 

 

 

Total sales

22,191

 

81.3%

 

41,808

 

99.8%

 

 

 

 

 

 

 

 

Disposal fee income

29

 

0.1%

 

69

 

0.2%

Recognition of revenue from sale of deliveries under assignment

5,085

 

18.6%

 

 -

 

0.0%

 

 

 

 

 

 

 

 

 

27,305

 

100.0%

 

41,877

 

100.0%