Lightbridge Corp 2026年季度报告

FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended:June 30, 2026 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number:001-34487 LIGHTBRIDGE CORPORATION (Exact name of registrant as specified in its charter) Nevada91-1975651(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 11710 Plaza America Drive, Suite 2000 Reston, VA 20190(Address of principal executive offices) (Zip Code) (571) 730-1200(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of Each Exchange on WhichRegistered:The Nasdaq Capital Market Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated FilerSmaller reporting companyEmerging growth company Large Accelerated FilerNon-accelerated Filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The number of shares outstanding of the issuer’s common stock, as of July 28, 2026 is as follows: LIGHTBRIDGE CORPORATIONFORM 10-QJUNE 30, 2026 PART I - FINANCIAL INFORMATION Item 1.Condensed Consolidated Financial Statements (unaudited)3Unaudited Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 20253Unaudited Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2026and 20254Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three and SixMonths Ended June 30, 2026 and 20255Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2026 and 20257Notes to Condensed Consolidated Financial Statements (unaudited)8Forward-Looking Statements15Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations17Item 3.Quantitative and Qualitative Disclosures About Market Risk25Item 4.Controls and Procedures25 PART II - OTHER INFORMATION Item 1.Legal Proceedings26Item 1A. Risk Factors26Item 2.Unregistered Sales of Equity Securities and Use of Proceeds26Item 3.Defaults Upon Senior Securities26Item 4.Mine Safety Disclosures26Item 5.Other Information26Item 6.Exhibits27 SIGNATURES28 PART I-FINANCIAL INFORMATION ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS LIGHTBRIDGE CORPORATIONUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS LIABILITIES AND STOCKHOLDERS’ EQUITY LIGHTBRIDGE CORPORATIONUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS LIGHTBRIDGE CORPORATIONUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS LIGHTBRIDGE CORPORATIONNOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note 1. Basis of Presentation, Summary of Significant Accounting Policies, and Recent Accounting Pronouncements Basis of Presentation Theaccompanying unaudited condensed consolidated financial statements include the accounts of Lightbridge Corporation(Lightbridge or the Company) and the Company’s wholly-owned subsidiary, Thorium Power, Inc. (TPI), a Delaware corporation. TPIis inactive, and all significant intercompany transactions and balances have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules andregulations of the Securities and Exchange Commission (SEC) and do not contain certain information included in the Company’sannual financial statements and notes. These financial statements should be read in conjunction with the Company’s auditedconsolidated financial statements for the year ended December 31, 2025 included in the Company’s