2020 Q2 Form 10-Q Financial Statement
#000162183220000069 Filed on April 30, 2020
Income Statement
Concept | 2020 Q2 | 2020 Q1 | 2019 Q1 |
---|---|---|---|
Revenue | $0.00 | $18.00K | $437.0K |
YoY Change | -100.0% | -95.88% | -74.68% |
Cost Of Revenue | $1.306M | $1.454M | $4.681M |
YoY Change | -81.82% | -68.94% | -13.89% |
Gross Profit | -$1.306M | -$1.436M | -$4.244M |
YoY Change | -77.1% | -66.16% | 14.39% |
Gross Profit Margin | -7977.78% | -971.17% | |
Selling, General & Admin | $2.450M | $2.520M | $4.520M |
YoY Change | -47.31% | -44.25% | 43.95% |
% of Gross Profit | |||
Research & Development | $217.0K | $242.0K | $620.0K |
YoY Change | -35.8% | -60.97% | -57.97% |
% of Gross Profit | |||
Depreciation & Amortization | $500.0K | $600.0K | $800.0K |
YoY Change | -44.44% | -25.0% | 0.0% |
% of Gross Profit | |||
Operating Expenses | $217.0K | $242.0K | $9.317M |
YoY Change | -98.17% | -97.4% | 7.26% |
Operating Profit | -$3.768M | -$4.063M | -$8.880M |
YoY Change | -63.68% | -54.25% | 27.59% |
Interest Expense | $164.0K | $183.0K | $2.889M |
YoY Change | -19.21% | -93.67% | 392.16% |
% of Operating Profit | |||
Other Income/Expense, Net | -$213.0K | -$364.0K | -$2.826M |
YoY Change | 69.05% | -87.12% | 395.79% |
Pretax Income | -$3.981M | -$4.427M | -$11.71M |
YoY Change | -62.09% | -62.18% | 55.46% |
Income Tax | $2.000K | $0.00 | $2.000K |
% Of Pretax Income | |||
Net Earnings | -$3.983M | -$4.427M | -$11.71M |
YoY Change | -62.07% | -62.19% | 55.44% |
Net Earnings / Revenue | -24594.44% | -2679.18% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$66.18K | -$74.35K | -$269.1K |
COMMON SHARES | |||
Basic Shares Outstanding | 60.01M shares | 59.77M shares | 44.35M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2020 Q2 | 2020 Q1 | 2019 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $4.780M | $6.390M | $15.34M |
YoY Change | -82.5% | -58.34% | -12.34% |
Cash & Equivalents | $4.776M | $6.386M | $15.34M |
Short-Term Investments | |||
Other Short-Term Assets | $5.200M | $10.37M | $1.160M |
YoY Change | 796.55% | 793.97% | 81.25% |
Inventory | $1.209M | $1.209M | $1.216M |
Prepaid Expenses | |||
Receivables | $0.00 | $0.00 | $426.0K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $11.18M | $17.96M | $18.14M |
YoY Change | -63.52% | -0.94% | -11.1% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $37.61M | $37.55M | $46.59M |
YoY Change | -21.03% | -19.41% | 0.02% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $7.923M | $5.932M | $3.332M |
YoY Change | 81.6% | 78.03% | 113.59% |
Total Long-Term Assets | $46.45M | $44.43M | $51.05M |
YoY Change | -12.5% | -12.97% | 3.01% |
TOTAL ASSETS | |||
Total Short-Term Assets | $11.18M | $17.96M | $18.14M |
Total Long-Term Assets | $46.45M | $44.43M | $51.05M |
Total Assets | $57.63M | $62.40M | $69.19M |
YoY Change | -31.18% | -9.82% | -1.1% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.883M | $3.117M | $3.035M |
YoY Change | -65.43% | 2.7% | 45.91% |
Accrued Expenses | $2.174M | $2.420M | $4.449M |
YoY Change | -9.9% | -45.61% | 166.41% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $490.0K | $320.0K | $280.0K |
YoY Change | 75.0% | 14.29% | -26.32% |
Total Short-Term Liabilities | $5.127M | $6.415M | $8.263M |
YoY Change | -40.74% | -22.36% | 90.83% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $8.430M | $8.350M | $8.640M |
YoY Change | -1.75% | -3.36% | -17.79% |
Other Long-Term Liabilities | $1.350M | $1.490M | $2.010M |
YoY Change | -28.57% | -25.87% | 40.56% |
Total Long-Term Liabilities | $9.780M | $9.840M | $10.65M |
YoY Change | -6.59% | -7.61% | -10.8% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $5.127M | $6.415M | $8.263M |
Total Long-Term Liabilities | $9.780M | $9.840M | $10.65M |
Total Liabilities | $14.91M | $16.25M | $18.91M |
YoY Change | -21.99% | -14.05% | 16.23% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$148.3M | -$144.3M | -$106.8M |
YoY Change | 26.42% | 35.12% | |
Common Stock | $191.0M | $190.5M | $157.1M |
YoY Change | 5.0% | 21.25% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $42.72M | $46.14M | $50.28M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $57.63M | $62.40M | $69.19M |
YoY Change | -31.18% | -9.82% | -1.1% |
Cashflow Statement
Concept | 2020 Q2 | 2020 Q1 | 2019 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$3.983M | -$4.427M | -$11.71M |
YoY Change | -62.07% | -62.19% | 55.44% |
Depreciation, Depletion And Amortization | $500.0K | $600.0K | $800.0K |
YoY Change | -44.44% | -25.0% | 0.0% |
Cash From Operating Activities | -$4.060M | -$4.262M | -$6.304M |
YoY Change | -26.58% | -32.39% | 5.81% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$680.0K | $1.563M | $1.612M |
YoY Change | -57.23% | -3.04% | 20.57% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $2.880M | $4.710M | $40.00K |
YoY Change | -352.63% | 11675.0% | |
Cash From Investing Activities | $2.200M | $3.149M | -$1.574M |
YoY Change | -180.59% | -300.06% | 17.73% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | $9.063M | |
YoY Change | -100.0% | 330.14% | |
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 250.0K | -$76.00K | $2.322M |
YoY Change | -98.76% | -103.27% | 16.16% |
NET CHANGE | |||
Cash From Operating Activities | -4.060M | -$4.262M | -$6.304M |
Cash From Investing Activities | 2.200M | $3.149M | -$1.574M |
Cash From Financing Activities | 250.0K | -$76.00K | $2.322M |
Net Change In Cash | -1.610M | -$1.189M | -$5.556M |
YoY Change | -113.45% | -78.6% | 4.91% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$4.060M | -$4.262M | -$6.304M |
Capital Expenditures | -$680.0K | $1.563M | $1.612M |
Free Cash Flow | -$3.380M | -$5.825M | -$7.916M |
YoY Change | -14.21% | -26.41% | 8.51% |
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Depreciation And Rightof Use Asset Amortization
DepreciationAndRightofUseAssetAmortization
|
612000 | USD |
CY2019Q1 | aqms |
Depreciation And Rightof Use Asset Amortization
DepreciationAndRightofUseAssetAmortization
|
843000 | USD |
CY2020Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
45000 | USD |
CY2019Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
48000 | USD |
CY2020Q1 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
12000 | USD |
CY2019Q1 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
11000 | USD |
CY2020Q1 | aqms |
Fairvalueofcommonstockissuedforconsultingservices
Fairvalueofcommonstockissuedforconsultingservices
|
24000 | USD |
CY2019Q1 | aqms |
Fairvalueofcommonstockissuedforconsultingservices
Fairvalueofcommonstockissuedforconsultingservices
|
1187000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1067000 | USD |
CY2020Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
0 | USD |
CY2019Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
578000 | USD |
CY2020Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
9000 | USD |
CY2019Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
29000 | USD |
CY2020Q1 | aqms |
Non Cash Convertible Note Interest Expense
NonCashConvertibleNoteInterestExpense
|
0 | USD |
CY2019Q1 | aqms |
Non Cash Convertible Note Interest Expense
NonCashConvertibleNoteInterestExpense
|
2556000 | USD |
CY2020Q1 | aqms |
Non Cash Interest Expense
NonCashInterestExpense
|
0 | USD |
CY2019Q1 | aqms |
Non Cash Interest Expense
NonCashInterestExpense
|
101000 | USD |
CY2020Q1 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | USD |
CY2019Q1 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
90000 | USD |
CY2020Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | USD |
CY2019Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-79000 | USD |
CY2020Q1 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | USD |
CY2019Q1 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
-119000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-244000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-299000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-48000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
332000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-558000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
786000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-740000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
493000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-1522000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-684000 | USD |
CY2020Q1 | aqms |
Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
|
0 | USD |
CY2019Q1 | aqms |
Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
|
-35000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
81000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
21000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4262000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6304000 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1563000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1612000 | USD |
CY2020Q1 | aqms |
Payments To Acquire Equipment Deposits And Other Assets
PaymentsToAcquireEquipmentDepositsAndOtherAssets
|
36000 | USD |
CY2019Q1 | aqms |
Payments To Acquire Equipment Deposits And Other Assets
PaymentsToAcquireEquipmentDepositsAndOtherAssets
|
-38000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
4748000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
0 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
3149000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1574000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | |
CY2019Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
9063000 | USD |
CY2020Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
76000 | USD |
CY2019Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
90000 | USD |
CY2020Q1 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
USD | |
CY2019Q1 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
6651000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-76000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2322000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1189000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-5556000 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7575000 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
20892000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6386000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
15336000 | USD |
CY2020Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD |
CY2019Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
2000 | USD |
CY2020Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
161000 | USD |
CY2019Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
188000 | USD |
CY2020Q1 | aqms |
Change In Accounts Receivable From Funds Held In Escrow
ChangeInAccountsReceivableFromFundsHeldInEscrow
|
2750000 | USD |
CY2019Q1 | aqms |
Change In Accounts Receivable From Funds Held In Escrow
ChangeInAccountsReceivableFromFundsHeldInEscrow
|
0 | USD |
CY2020Q1 | aqms |
Increase In Property And Equipment Resulting From Increase In Accounts Payable
IncreaseInPropertyAndEquipmentResultingFromIncreaseInAccountsPayable
|
-973000 | USD |
CY2019Q1 | aqms |
Increase In Property And Equipment Resulting From Increase In Accounts Payable
IncreaseInPropertyAndEquipmentResultingFromIncreaseInAccountsPayable
|
455000 | USD |
CY2020Q1 | aqms |
Increase In Property And Equipment Resulting From Increase In Accrued Expenses
IncreaseInPropertyAndEquipmentResultingFromIncreaseInAccruedExpenses
|
189000 | USD |
CY2019Q1 | aqms |
Increase In Property And Equipment Resulting From Increase In Accrued Expenses
IncreaseInPropertyAndEquipmentResultingFromIncreaseInAccruedExpenses
|
103000 | USD |
CY2020Q1 | aqms |
Change In Equity Resulting From A Change In Accrued Expenses
ChangeInEquityResultingFromAChangeInAccruedExpenses
|
24000 | USD |
CY2019Q1 | aqms |
Change In Equity Resulting From A Change In Accrued Expenses
ChangeInEquityResultingFromAChangeInAccruedExpenses
|
0 | USD |
CY2020Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
Organization<span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Aqua Metals, Inc. (the “Company”) was incorporated in Delaware and commenced operations on June 20, 2014 (inception). On January 27, 2015, the Company formed two wholly-owned subsidiaries, Aqua Metals Reno, Inc. (“AMR”) and Aqua Metals Operations, Inc. (collectively, the “Subsidiaries”), both incorporated in Delaware. The Company is engaged in the business of lead recycling through its patented and patent-pending AquaRefining™ technology. Unlike smelting, AquaRefining is a room temperature, water-based process that emits less pollution than smelting, the traditional method of lead recycling. The Company built its first recycling facility in Nevada’s Tahoe Reno Industrial Center (“TRIC”) in McCarran, Nevada and intends to pursue the development of additional lead acid battery recycling facilities based on the Company’s AquaRefining technology, likely through licensing or joint development arrangements. The Company commenced the shipment of products for sale, consisting of lead compounds and plastics in April 2017, and through March 31, 2018 substantially all revenue was derived from the sale of lead compounds and plastics. In April 2018, the Company began shipping cast lead bullion (mixture of lead purchased to prime the kettles and AquaRefined lead from our AquaRefining process) blocks in addition to lead compounds and plastics and in June 2018, the Company began shipping high-purity lead from its AquaRefining process. During the second and third quarters of 2019, the Company operated up to four of the Company's initial modules (modules 1 through 4) on a 24x7 basis.</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;"> </span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Throughout these quarters, the Company made significant progress related to its goal of ramping up the plant to full production. Some of the milestones reached were related to production and revenue records while at the same time reducing general and administrative expense. During the fourth quarter of 2019, the Company focused its efforts on completing the Phase 2 capital upgrades, including work done to commission the remaining 12 modules. On whole, completion of the Phase 2 capital work was expected to improve the plant's contribution margin. These projects included concentrate production improvements, electrolyte chilling improvements, improvements in briquetting our spongy AquaRefined lead to prepare for melting and ingot casting, water recovery and management systems, upgrades to all the AquaRefining modules and finally, the paste drying system to increase yields and throughput. On the evening of November 29, 2019, a fire occurred in the AquaRefining area of the facility. The fire and related intense heat and smoke caused significant damage to a material amount of equipment in the AquaRefinery area, including all 16 AquaRefining modules, electrical and tank infrastructure, steel superstructure, control wiring and other supporting infrastructure. As of the date of this report, we are developing and analyzing a strategy of accelerating licensing activities rather than engaging in a capital intensive rebuild of the facility.</span> | |
CY2020Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="padding-left:36pt;text-align:justify;margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;">Use of estimates</span></div><div style="padding-left:36pt;text-align:justify;margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The preparation of the condensed consolidated financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of expenses during the period. Significant items subject to such estimates and assumptions include the carrying amount and valuation of long-lived assets, the valuation of conversion features of convertible debt, valuation allowances for deferred tax assets, the determination of fair value of estimated asset retirement obligations, the determination of stock option expense and the determination of the fair value of stock warrants issued. Actual results could differ from those estimates.</span></div> | |
CY2020Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4912152 | shares |
CY2019Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6129550 | shares |
CY2020Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment |
CY2020Q1 | aqms |
Geographic Segment
GeographicSegment
|
1 | segment |
CY2019Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
44207000 | USD |
CY2020Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
7061000 | USD |
CY2020Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
Concentration of credit riskRevenues from the following customers each represented at least 10% of total revenue for the three months ended March 31, 2020 and March 31, 2019, respectively. They also represented a significant portion of our trade accounts receivable as of December 31, 2019. The Company did not have a trade accounts receivable balance as of March 31, 2020. | |
CY2019Q4 | us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
10000000.0 | USD |
CY2019Q4 | us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
10000000.0 | USD |
CY2019Q4 | us-gaap |
Escrow Deposit
EscrowDeposit
|
2750000 | USD |
CY2020Q1 | us-gaap |
Escrow Deposit
EscrowDeposit
|
2750000 | USD |
CY2020Q1 | aqms |
Percentage Of Revenue Accounted Products Transferred To Customers
PercentageOfRevenueAccountedProductsTransferredToCustomers
|
1 | |
CY2019Q1 | aqms |
Percentage Of Revenue Accounted Products Transferred To Customers
PercentageOfRevenueAccountedProductsTransferredToCustomers
|
1 | |
CY2019Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
296000 | USD |
CY2020Q1 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
8323000 | USD |
CY2020Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
23000 | USD |
CY2019Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
47000 | USD |
CY2020Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
303000 | USD |
CY2019Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
322000 | USD |
CY2020Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
883000 | USD |
CY2019Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
888000 | USD |
CY2020Q1 | us-gaap |
Inventory Net
InventoryNet
|
1209000 | USD |
CY2019Q4 | us-gaap |
Inventory Net
InventoryNet
|
1257000 | USD |
CY2020Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
44609000 | USD |
CY2019Q1 | us-gaap |
Depreciation
Depreciation
|
800000 | USD |
CY2019Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6564000 | USD |
CY2020Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
37548000 | USD |
CY2019Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
37643000 | USD |
CY2020Q1 | us-gaap |
Depreciation
Depreciation
|
600000 | USD |
CY2017Q1 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
700000 | USD |
CY2020Q1 | us-gaap |
Accretion Expense
AccretionExpense
|
12000 | USD |
CY2019Q1 | us-gaap |
Accretion Expense
AccretionExpense
|
11000 | USD |
CY2020Q1 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
310000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y | |
CY2019Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
8404000 | USD |
CY2020Q1 | aqms |
Lessee Finance Lease Number Of Leases
LesseeFinanceLeaseNumberOfLeases
|
1 | contract |
CY2020Q1 | aqms |
Lessee Operating Lease Number Of Leases
LesseeOperatingLeaseNumberOfLeases
|
2 | contract |
CY2020Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
108150 | USD |
CY2019Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
43750 | USD |
CY2020Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1080000.00 | USD |
CY2020Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1250000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1530000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1750000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
158000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
154000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
144000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
144000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
647000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
634000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y2M12D | |
CY2020Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0966 | |
CY2019Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0966 | |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
91000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
1372000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
120000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1252000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
563000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
689000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1252000 | USD |
CY2020Q1 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
5000 | USD |
CY2020Q1 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
25000 | USD |
CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
956000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1067000 | USD |
CY2019Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P3Y4M24D | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | |
CY2018Q4 | aqms |
Severance Restricted Stock Units Weighted Average Stock Price Trading Days
SeveranceRestrictedStockUnitsWeightedAverageStockPriceTradingDays
|
20 | day |