Annual report pursuant to Section 13 and 15(d)

Sales

v2.4.1.9
Sales
 12 Months Ended
Dec. 31, 2014
Revenue [Abstract]  
Sales

18.Sales

 

Revenue is primarily derived from the sale of U3O8 to domestic utilities under contracts or spot sales. In 2013, the Company also sold its 2013 and 2014 deliveries under two of its contracts to a third party broker. The income was recognized in the years in which the respective deliveries were completed.

 

Revenue consists of:

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

Year ended December 31,

 

2014

 

2013

 

$

 

 

 

$

 

 

Company A
10,123 

 
34.5% 

 
3,426 

 
45.0% 

Company B
9,199 

 
31.4% 

 
1,555 

 
20.4% 

Company C
7,197 

 
24.5% 

 

 -

 
0.0% 

 
26,519 

 
90.4% 

 
4,981 

 
65.4% 

Disposal fees
323 

 
1.1% 

 

 -

 
0.0% 

Recognition of gain from sale of deliveries under assignment
2,507 

 
8.5% 

 
2,635 

 
34.6% 

 

 

 

 

 

 

 

 

 
29,349 

 
100.0% 

 
7,616 

 
100.0% 

 

During the second quarter of 2014, we recorded an out of period adjustment due to the reclassification of severance and ad valorem taxes as a cost of extraction instead of a direct cost of sale.