$LTBR

LIGHTBRIDGE Corp

CIK:0001084554|SEC Filings

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue	$ 0	$ 0	$ 0	$ 0
Operating Expenses
General and administrative	3,710,193	2,502,637	8,044,713	5,982,647
Research and development	3,907,952	1,639,864	7,255,579	3,305,777
Total Operating Expenses	7,618,145	4,142,501	15,300,292	9,288,424
Operating Loss	(7,618,145)	(4,142,501)	(15,300,292)	(9,288,424)
Other Income
Interest income	1,863,627	622,067	3,200,935	996,978
Total Other Income	1,863,627	622,067	3,200,935	996,978
Net Loss Before Income Taxes	(5,754,518)	(3,520,434)	(12,099,357)	(8,291,446)
Income taxes	0	0	0	0
Net Loss	$ (5,754,518)	$ (3,520,434)	$ (12,099,357)	$ (8,291,446)
Net Loss Per Common Share
Basic and diluted	$ (0.18)	$ (0.16)	$ (0.38)	$ (0.40)
Weighted Average Number of Common Shares Outstanding
Basic and diluted	31,906,688	22,257,221	31,974,899	20,909,752

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities
Net Loss	$ (12,099,357)	$ (8,291,446)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	3,940,038	2,106,073
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	(462,882)	(226,535)
Prepaid project costs and other long-term assets	(867,231)	37,086
Accounts payable and accrued liabilities	1,192,693	769,792
Net Cash Used in Operating Activities	(8,296,739)	(5,605,030)
Investing Activities
Trademarks	(7,796)	(6,116)
Net Cash Used in Investing Activities	(7,796)	(6,116)
Financing Activities
Proceeds from sale of common stock in public offerings	45,975,049	65,344,153
Issuance costs related to sale of common stock in public offerings	(1,580,932)	(2,221,231)
Net proceeds from the exercise of stock options	10,807	633,375
Payments for taxes related to net share settlement of equity awards	(496,636)	(234,621)
Net Cash Provided by Financing Activities	43,908,288	63,521,676
Net Increase in Cash and Cash Equivalents	35,603,753	57,910,530
Cash and Cash Equivalents, Beginning of Period	201,862,421	39,990,827
Cash and Cash Equivalents, End of Period	$ 237,466,174	$ 97,901,357

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash and cash equivalents	$ 237,466,174	$ 201,862,421
Prepaid expenses and other current assets	1,025,865	712,983
Total Current Assets	238,492,039	202,575,404
Other Assets
Prepaid project costs and other long-term assets	2,007,231	1,140,000
Trademarks	127,187	119,391
Total Assets	240,626,457	203,834,795
Current Liabilities
Accounts payable and accrued liabilities	2,046,144	847,451
Total Current Liabilities	2,046,144	847,451
Stockholders' Equity
Preferred stock, $0.001 par value, 10,000,000 authorized shares, no shares issued and outstanding at June 30, 2026 and December 31, 2025	0	0
Common stock, $0.001 par value, 100,000,000 authorized shares, 37,404,544 shares and 33,407,495 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	37,405	33,407
Additional paid-in capital	434,407,448	386,719,120
Accumulated deficit	(195,864,540)	(183,765,183)
Total Stockholders' Equity	238,580,313	202,987,344
Total Liabilities and Stockholders' Equity	$ 240,626,457	$ 203,834,795