Annual report pursuant to Section 13 and 15(d)

Sales

v3.8.0.1
Sales
12 Months Ended
Dec. 31, 2017
Revenue [Abstract]  
Sales

14.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,

 

2017

 

2016

 

$

 

 

 

$

 

 

Sale of produced inventory

 

 

 

 

 

 

 

Company A

7,821

 

20.4%

 

 -

 

0.0%

Company B

3,141

 

8.2%

 

12,741

 

46.7%

Company C

1,777

 

4.6%

 

 -

 

0.0%

Company D

 -

 

0.0%

 

6,375

 

23.3%

Company E

 -

 

0.0%

 

3,075

 

11.2%

 

12,739

 

33.2%

 

22,191

 

81.3%

Sales of purchased inventory

 

 

 

 

 

 

 

Company B

10,212

 

26.6%

 

 -

 

0.0%

Company C

15,340

 

40.0%

 

 -

 

0.0%

 

25,552

 

66.6%

 

 -

 

0.0%

 

 

 

 

 

 

 

 

Total sales

38,291

 

99.8%

 

22,191

 

81.3%

 

 

 

 

 

 

 

 

Disposal fee income

 77

 

0.2%

 

29

 

0.1%

Recognition of revenue from sale of deliveries under assignment

 -

 

0.0%

 

5,085

 

18.6%

 

 

 

 

 

 

 

 

 

38,368

 

100.0%

 

27,305

 

100.0%