Annual report pursuant to Section 13 and 15(d)

Sales and other income

v3.24.0.1
Sales and other income
 12 Months Ended
Dec. 31, 2023
Sales and other income  
Sales and Other Income

14. Sales and Other Income

 

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

 

Revenue consists of:

 

 

 

Year Ended December 31,

 

 

2023

 

 

2022

 

2021

Revenue Summary

 

Amount

 

 

  %

 

 

Amount

 

 

  %

 

 

Amount

 

 

  %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company A

 

 

 10,881

 

 

 

 61.5 %

 

 

 -

 

 

 

 0.0 %

 

 

 -

 

 

 

 0.0 %

Company B

 

 

 6,447

 

 

 

 36.5 %

 

 

 -

 

 

 

 0.0 %

 

 

 -

 

 

 

 0.0 %

U3O8 sales

 

 

 17,328

 

 

 

 98.0 %

 

 

 -

 

 

 

 0.0 %

 

 

 -

 

 

 

 0.0 %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Disposal fees

 

 

 351

 

 

 

 2.0 %

 

 

 19

 

 

 

 100.0 %

 

 

 16

 

 

 

 100.0 %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 17,679

 

 

 

 100.0 %

 

 

 19

 

 

 

 100.0 %

 

 

 16

 

 

 

 100.0 %

 

Comments on other income:

 

In 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 from the SBA Paycheck Protection Program (PPP). In 2021 Q2, the Company received notifications that the principal amount of $893 and accrued interest of approximately $10 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.