Note 16 - Sales and Service Revenue and Cost of Sales and Services

12 Months Ended

Jul. 31, 2022

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

NOTE 16: SALES AND SERVICE REVENUE AND COST OF SALES AND SERVICES

During Fiscal 2022, we recorded sales of $22,946 from the sales of 500,000 pounds of our uranium concentrate inventory. During Fiscal 2022, we recorded revenue from toll processing services of $215, which was generated from processing uranium resins according to a toll processing agreement that we inherited from the U1A Acquisition. No sales of purchased inventory and revenue from toll processing services are recorded in Fiscal 2021 and Fiscal 2020.

The table below provides a breakdown of sales and service revenue and cost of sales and service revenue:

	Year Ended July 31,
	2022			2021		2020
Sales of purchased uranium inventory	$	22,946		$	-	$	-
Revenue from toll processing services		215			-		-
Total sales and service revenue	$	23,161		$	-	$	-
Cost of purchased uranium inventory	$	(15,689	)	$	-	$	-
Cost of toll processing services		(179	)		-		-
Total cost of sales and services	$	(15,868	)	$	-	$	-

Of the total sales of purchased uranium inventory, sales to customer A represent 57% and sales to customer B represent 43%.