v3.25.4
RELATED PARTY (Tables)
12 Months Ended
Dec. 31, 2025
RELATED PARTY  
Schedule of related party transactions

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2025

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2024

Balance of funds owing to (remaining on deposit with) General Atomics as a related party balance at beginning of year

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$

895

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$

(3,435)

Funds transferred to General Atomics during the year

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​

—

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​

(8,500)

Funds returned by General Atomics during the year

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—

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3,811

The Company's share of Demonstration Plant project costs incurred during the year (1)

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(2,509)

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9,019

Balance of funds owing to (due from) General Atomics as a related party balance at end of year

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$

(1,614)

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$

895

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(1) As of December 31, 2025, the Company has a receivable from General Atomics due to the Company invoicing amounts during the third quarter of 2025 for certain Demonstration Plant expenses incurred in prior periods under the Cost Share Agreement. These expenses were initially excluded from the Company’s billings under the Cost Share Agreement because the Company believed at the time that including them would cause the original $43,800 award to be exceeded and therefore not recoverable. The subsequent increase in the Cost Share Agreement award to $53,600 prompted the Company to re-evaluate its prior position and invoice the project for certain of these previously excluded expenses. As a result, the Company’s share of Demonstration Plant project costs for the year ended December 31, 2025 was negative.    

Schedule of related party receivables

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2025

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2024

Balance of receivables due from General Atomics at beginning of year

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$

—

​

$

179

Reimbursable costs incurred by the Company during the year

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1,614

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​

684

Reimbursements received from General Atomics during the year

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—

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(863)

Balance of receivables due from General Atomics at end of year

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$

1,614

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$

—