| Schedule of Changes in Accounts Receivable |
The following tables present changes in the Company’s accounts receivable for the years ended December 31, 2025 and 2024 (in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of
December 31, 2024 |
|
|
Additions |
|
|
Deductions |
|
|
Balance as of
December 31, 2025 |
|
Accounts receivable |
|
$ |
707 |
|
|
$ |
6,224 |
|
|
$ |
(5,853 |
) |
|
$ |
1,078 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of
December 31, 2023 |
|
|
Additions |
|
|
Deductions |
|
|
Balance as of
December 31, 2024 |
|
Accounts receivable |
|
$ |
217 |
|
|
$ |
4,144 |
|
|
$ |
(3,654 |
) |
|
$ |
707 |
|
|
| Reconciliation of Total Assets by Segment |
The following table shows total assets by segment and a reconciliation to the consolidated financial statements as of December 31, 2025 and 2024 (in thousands):
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|
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|
|
|
|
December 31, |
|
|
|
2025 |
|
|
2024 |
|
Segment assets: |
|
|
|
|
|
|
Specialist isotopes and related services |
|
$ |
323,690 |
|
|
$ |
71,771 |
|
Nuclear fuels |
|
|
94,252 |
|
|
|
22,577 |
|
Discontinued operations |
|
|
80,078 |
|
|
|
— |
|
Total assets |
|
$ |
498,020 |
|
|
$ |
94,348 |
|
|
| Schedule of Information from the Consolidated Statements of Operations and Comprehensive Loss |
Select information from the consolidated statements of operations and comprehensive loss as of the years ended December 31, 2025 and 2024 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
|
Net Income (Loss) Before
Allocation to Noncontrolling Interest |
|
|
|
Year Ended December 31, |
|
|
Year Ended December 31, |
|
Segment |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Specialist isotopes and related services |
|
$ |
5,674 |
|
|
$ |
3,944 |
|
|
$ |
(33,260 |
) |
|
$ |
(21,542 |
) |
Nuclear fuels |
|
|
— |
|
|
|
200 |
|
|
|
(144,125 |
) |
|
|
(10,881 |
) |
|
|
$ |
5,674 |
|
|
$ |
4,144 |
|
|
$ |
(177,385 |
) |
|
$ |
(32,423 |
) |
|
| Schedule of Reconciliation of Total Segment Revenue to Total Consolidated Revenue and of Total Segment Gross Profit and Segment Operating Income to Total Consolidated Income Before Income Taxes |
A reconciliation of total segment revenue to total consolidated revenue and of total segment gross profit and segment operating income to total consolidated income before income taxes, for the years ended December 31, 2025 and 2024, is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2025 |
|
|
|
Specialist isotopes and related services |
|
|
Nuclear fuels |
|
|
Total |
|
Sales from external customers |
|
$ |
5,674 |
|
|
$ |
— |
|
|
$ |
5,674 |
|
Less: cost of sales |
|
|
(4,047 |
) |
|
|
— |
|
|
|
(4,047 |
) |
Segment gross profit |
|
|
1,627 |
|
|
|
— |
|
|
|
1,627 |
|
Personnel expenses |
|
|
20,515 |
|
|
|
9,058 |
|
|
|
29,573 |
|
Professional fees |
|
|
8,680 |
|
|
|
6,372 |
|
|
|
15,052 |
|
Other segment expenses |
|
|
12,867 |
|
|
|
4,506 |
|
|
|
17,373 |
|
Segment operating loss |
|
|
(40,435 |
) |
|
|
(19,936 |
) |
|
|
(60,371 |
) |
Foreign exchange transaction loss |
|
|
(132 |
) |
|
|
(3 |
) |
|
|
(135 |
) |
Change in fair value of share liability |
|
|
(121 |
) |
|
|
— |
|
|
|
(121 |
) |
Change in fair value of convertible notes payable |
|
|
1,500 |
|
|
|
(125,219 |
) |
|
|
(123,719 |
) |
Change in fair value of investments |
|
|
580 |
|
|
|
— |
|
|
|
580 |
|
Interest income (expense), net |
|
|
5,430 |
|
|
|
1,033 |
|
|
|
6,463 |
|
Other income |
|
|
6 |
|
|
|
— |
|
|
|
6 |
|
Loss before income tax expense |
|
$ |
(33,172 |
) |
|
$ |
(144,125 |
) |
|
$ |
(177,297 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2024 |
|
|
|
Specialist isotopes and related services |
|
|
Nuclear fuels |
|
|
Corporate |
|
|
Total |
|
Sales from external customers |
|
$ |
3,944 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
3,944 |
|
Collaboration revenue |
|
|
— |
|
|
|
200 |
|
|
|
— |
|
|
|
200 |
|
Less: cost of sales |
|
|
(2,545 |
) |
|
|
— |
|
|
|
— |
|
|
|
(2,545 |
) |
Segment gross profit |
|
|
1,399 |
|
|
|
200 |
|
|
|
— |
|
|
|
1,599 |
|
Personnel expenses |
|
|
12,393 |
|
|
|
1,197 |
|
|
|
— |
|
|
|
13,590 |
|
Professional fees |
|
|
6,108 |
|
|
|
1,632 |
|
|
|
— |
|
|
|
7,740 |
|
Other segment expenses |
|
|
4,795 |
|
|
|
1,828 |
|
|
|
— |
|
|
|
6,623 |
|
Segment operating loss |
|
|
(21,897 |
) |
|
|
(4,457 |
) |
|
|
— |
|
|
|
(26,354 |
) |
Foreign exchange transaction gain |
|
|
— |
|
|
|
— |
|
|
|
70 |
|
|
|
70 |
|
Change in fair value of share liability |
|
|
— |
|
|
|
— |
|
|
|
(132 |
) |
|
|
(132 |
) |
Change in fair value of convertible notes payable |
|
|
— |
|
|
|
(6,875 |
) |
|
|
— |
|
|
|
(6,875 |
) |
Interest income (expense), net |
|
|
528 |
|
|
|
451 |
|
|
|
— |
|
|
|
979 |
|
Loss before income tax expense |
|
$ |
(21,369 |
) |
|
$ |
(10,881 |
) |
|
$ |
(62 |
) |
|
$ |
(32,312 |
) |
|