XML 24 R14.htm IDEA: XBRL DOCUMENT v3.23.2
Long-Term Contract Work In Process
6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Long-Term Contract Work In Process Long-Term Contract Work In ProcessDuring the first quarter, we entered into a long-term contract with CFPP LLC. Related to this contract, the Company has subcontracted for the purchase of certain long-lead materials in the amount of $55,700, that will be used in fabricating of the NPMs as part of the overall contract with CFPP LLC. We expect that this first phase of the project will be completed for CFPP LLC near the end of 2024. The subcontractor is manufacturing the long-lead materials on behalf of NuScale, and we are considered the principal, rather than agent, under ASC 606, Revenue from Contracts with Customers. The long lead material contract contains one performance obligation that will be satisfied once the materials are verified as received at the fabricator’s facility. As of June 30, 2023, we capitalized $23,900 in the long-term contract work in process line item on our condensed consolidated balance sheet related to this contract, while as of December 31, 2022 we had none. As of June 30, 2023, we have billed CFPP LLC $23,696, which is classified as a long-term and included in our deferred revenue liability on our condensed consolidated balance sheet.