Annual report pursuant to Section 13 and 15(d)

Sales and other income

v3.22.4
Sales and other income
 12 Months Ended
Dec. 31, 2022
Sales and other income  
Sales and Other Income

13. Sales and Other Income

 

Revenue is primarily derived from the sale of U3O8 under multi-year agreements or spot sales agreements.

 

Revenue consists of:

                                                                                                                                            

 

 

Year Ended December 31,

 

 

 

2022   

 

 

 2021   

 

 

2020

 

Revenue Summary

 

 $

 

 

  %

 

 

$ 

 

 

  %

 

 

$  

 

 

 %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Company A

 

 

 -

 

 

 

 0.0 %

 

 

 -

 

 

 

 0.0 %

 

 

 8,300

 

 

 

 99.8 %

 Product sales

 

 

 -

 

 

 

 0.0 %

 

 

 -

 

 

 

 0.0 %

 

 

 8,300

 

 

 

 99.8 %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Disposal fees

 

 

 19

 

 

 

 100.0 %

 

 

 16

 

 

 

 100.0 %

 

 

 16

 

 

 

 0.2 %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 19

 

 

 

 100.0 %

 

 

 16

 

 

 

 100.0 %

 

 

 8,316

 

 

 

 100.0 %

    

During March 2022, we sold a royalty interest related to Strata Energy’s Lance Uranium ISR Project for $1.3 million. There was no carrying value related to the royalty on our balance sheet, therefore the entire amount was recognized as other income.

 

In 2020, the Company received proceeds of $893 thousand from the SBA PPP. In 2021 Q2, the Company received notifications that the principal amount of $893 thousand and accrued interest of approximately $10 thousand were forgiven under the terms of the SBA PPP. This was treated as a forgiveness of debt on the Consolidated Statements of Operations for the year ended December 31, 2021, and a $903 thousand gain on debt forgiveness was recognized in other income.