Annual report pursuant to Section 13 and 15(d)

Sales

v3.3.1.900
Sales
 12 Months Ended
Dec. 31, 2015
Revenue [Abstract]  
Sales

16.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 trader. The income was recognized in the years in which the respective deliveries were completed.

 

Revenue consists of:

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

2015

 

2014

 

$

 

 

 

$

 

 

Sale of produced inventory

 

 

 

 

 

 

 

Company A
10,674

 
25.5%

 

 -

 
0.0%

Company B
6,671

 
15.9%

 
9,199

 
31.3%

Company C
6,518

 
15.6%

 
7,197

 
24.5%

Company D
6,098

 
14.6%

 
10,123

 
34.5%

 
29,961

 
71.5%

 
26,519

 
90.4%

Sales of purchased inventory

 

 

 

 

 

 

 

Company E
11,846

 
28.4%

 

 -

 
0.0%

 

 

 

 

 

 

 

 

Total sales of inventory
41,808

 
99.8%

 
26,519

 
90.4%

 

 

 

 

 

 

 

 

Disposal fee income
69

 
0.2%

 
323

 
1.1%

Recognition of gain from sale of deliveries under assignment

 -

 
0.0%

 
2,507

 
8.5%

 

 

 

 

 

 

 

 

 
41,877

 
100.0%

 
29,349

 
100.0%