2024 Q3 Form 10-Q Financial Statement

#000143774924026389 Filed on August 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $316.0K $242.0K
YoY Change 148.82% 261.19%
Cost Of Revenue $239.0K $187.0K
YoY Change 168.54% 259.62%
Gross Profit $77.00K $55.00K
YoY Change 102.63% 266.67%
Gross Profit Margin 24.37% 22.73%
Selling, General & Admin $903.0K $857.0K
YoY Change 21.05% -9.98%
% of Gross Profit 1172.73% 1558.18%
Research & Development $6.000K $5.000K
YoY Change 20.0% 0.0%
% of Gross Profit 7.79% 9.09%
Depreciation & Amortization $82.00K $82.00K
YoY Change 2.5% -2.38%
% of Gross Profit 106.49% 149.09%
Operating Expenses $909.0K $862.0K
YoY Change 21.04% -9.93%
Operating Profit -$832.0K -$807.0K
YoY Change 16.69% -14.33%
Interest Expense $258.0K $274.0K
YoY Change 64.33% 91.61%
% of Operating Profit
Other Income/Expense, Net $392.0K $547.0K
YoY Change 340.45% 514.61%
Pretax Income -$440.0K -$260.0K
YoY Change -5.78% -63.38%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$440.0K -$259.0K
YoY Change -5.58% -63.52%
Net Earnings / Revenue -139.24% -107.02%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 917.3M 917.3M
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.59M $18.92M
YoY Change -26.6% -13.57%
Cash & Equivalents $4.890M $7.367M
Short-Term Investments $11.70M $11.55M
Other Short-Term Assets $463.0K $279.0K
YoY Change 3.81% 1.45%
Inventory $21.00K $25.00K
Prepaid Expenses
Receivables $67.00K $142.0K
Other Receivables $139.0K $102.0K
Total Short-Term Assets $17.28M $19.47M
YoY Change -25.56% -12.56%
LONG-TERM ASSETS
Property, Plant & Equipment $7.435M $7.512M
YoY Change -4.01% -3.99%
Goodwill
YoY Change
Intangibles $39.00K $43.00K
YoY Change -31.58% -29.51%
Long-Term Investments $6.368M $4.241M
YoY Change 718.51% 115.94%
Other Assets $14.00K $14.00K
YoY Change -94.78% -95.45%
Total Long-Term Assets $13.86M $11.81M
YoY Change 56.58% 16.27%
TOTAL ASSETS
Total Short-Term Assets $17.28M $19.47M
Total Long-Term Assets $13.86M $11.81M
Total Assets $31.13M $31.28M
YoY Change -2.88% -3.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $228.0K $116.0K
YoY Change 68.89% -10.08%
Accrued Expenses $166.0K $164.0K
YoY Change -35.91% -37.88%
Deferred Revenue $0.00 $20.00K
YoY Change -100.0% -72.97%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.296M $1.202M
YoY Change 197.93% 157.39%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.296M $1.202M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.296M $1.202M
YoY Change -3.07% -12.2%
SHAREHOLDERS EQUITY
Retained Earnings -$277.8M -$277.3M
YoY Change 0.47% 0.48%
Common Stock $917.0K $917.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $29.92M $30.15M
YoY Change
Total Liabilities & Shareholders Equity $31.13M $31.28M
YoY Change -2.88% -3.53%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$440.0K -$259.0K
YoY Change -5.58% -63.52%
Depreciation, Depletion And Amortization $82.00K $82.00K
YoY Change 2.5% -2.38%
Cash From Operating Activities $8.000K $199.0K
YoY Change -101.33% -158.53%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$2.485M -$2.230M
YoY Change -850.76% -164.84%
Cash From Investing Activities -$2.485M -$2.230M
YoY Change -850.76% -164.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities 8.000K 199.0K
Cash From Investing Activities -2.485M -2.230M
Cash From Financing Activities
Net Change In Cash -2.477M -2.031M
YoY Change 817.41% -165.54%
FREE CASH FLOW
Cash From Operating Activities $8.000K $199.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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72000 usd
us-gaap Profit Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax
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237000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
31051000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
30309000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
38000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
-260000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
30074000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
31650000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
38000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
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CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
73000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
31051000 usd
us-gaap Profit Loss
ProfitLoss
-574000 usd
us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
164000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
168000 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
75000 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-0 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
5000 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
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us-gaap Share Based Compensation
ShareBasedCompensation
63000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
72000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
50000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-209000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
40000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
14000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
33000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
8973000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
5170000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
7646000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
13584000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1327000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
8414000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1470000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7680000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8842000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2274000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7372000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9954000 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
800000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
800000 usd
CY2017Q1 us-gaap Area Of Land
AreaOfLand
41000
CY2022Q1 lqmt Royalty Fee Percentage Of Net Sales
RoyaltyFeePercentageOfNetSales
0.03 pure
CY2024Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
15690000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
14338000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
15792000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
14390000 usd
CY2024Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
142000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
186000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
-0 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
-0 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
142000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
186000 usd
CY2024Q2 lqmt Prepaid Service Invoices
PrepaidServiceInvoices
68000 usd
CY2023Q4 lqmt Prepaid Service Invoices
PrepaidServiceInvoices
109000 usd
CY2024Q2 us-gaap Prepaid Insurance
PrepaidInsurance
58000 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
233000 usd
CY2024Q2 lqmt Prepaid Lease Costs And Shortterm Receivables
PrepaidLeaseCostsAndShorttermReceivables
148000 usd
CY2023Q4 lqmt Prepaid Lease Costs And Shortterm Receivables
PrepaidLeaseCostsAndShorttermReceivables
22000 usd
CY2024Q2 lqmt Interest And Other Receivables
InterestAndOtherReceivables
102000 usd
CY2023Q4 lqmt Interest And Other Receivables
InterestAndOtherReceivables
86000 usd
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
376000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
450000 usd
CY2024Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
25000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
25000 usd
CY2024Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
0 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
0 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
25000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
25000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11237000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11237000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3725000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3569000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7512000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7668000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2400000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2400000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2357000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2348000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
43000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
52000 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12000 usd
CY2024Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
14000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
223000 usd
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
134000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
138000 usd
CY2024Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
30000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
106000 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
164000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
244000 usd
CY2024Q2 us-gaap Loans Payable Current
LoansPayableCurrent
859000 usd
CY2023Q4 us-gaap Loans Payable Current
LoansPayableCurrent
859000 usd
CY2024Q2 us-gaap Lease Deposit Liability
LeaseDepositLiability
43000 usd
CY2023Q4 us-gaap Lease Deposit Liability
LeaseDepositLiability
43000 usd
CY2024Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
902000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
902000 usd
lqmt Period For Outstanding Liability
PeriodForOutstandingLiability
P5Y
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
38000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
63000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
38000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
72000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
226000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
153000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
0 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
0 usd
CY2024Q2 lqmt Lessor Operating Lease Payment To Be Received After Year Three
LessorOperatingLeasePaymentToBeReceivedAfterYearThree
0 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
379000 usd

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