10-Q Filing

Aqua Metals, Inc. CIK: 1621832 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001615774-15-002562`
Period End Date	20150630
Filing Date	20150914
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	aqms-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 42 Cash Flow Statement 50

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.54M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.36M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.63M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.36M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Inventory - raw materials	`InventoryNet`	$137.50K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.36M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.36M	shares	Point-in-time
Inventory - raw materials	`InventoryNet`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$166.22K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$11.91K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.55M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.93M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$245.64K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.43M	USD	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$1.03M	USD	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$980.96K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$2.41M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.27M	USD	Point-in-time
Total assets	`Assets`	$5.82M	USD	Point-in-time
Total assets	`Assets`	$4.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.31K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$176.86K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$62.49K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$12.29K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$65.59K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$244.11K	USD	Point-in-time
Convertible notes, net	`ConvertibleDebtCurrent`	$5.55M	USD	Point-in-time
Convertible notes, net	`ConvertibleDebtCurrent`	$5.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.21M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$1.38M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$6.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$12.91M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock; $0.001 par; 50,000,000 shares authorized; 4,363,641 shares issued and outstanding	`CommonStockValue`	$4.36K	USD	Point-in-time
Common stock; $0.001 par; 50,000,000 shares authorized; 4,363,641 shares issued and outstanding	`CommonStockValue`	$4.36K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.37M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-8.57M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-770.86K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$4.34M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$5.82M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Operations and development costs	`OperationsAndDevelopmentCosts`	$421.60K	USD	1 Quarter
Operations and development costs	`OperationsAndDevelopmentCosts`	$635.19K	USD	2 Qtrs
Operations and development costs	`OperationsAndDevelopmentCosts`	$17.80K	USD	Point-in-time
Business development and management costs	`BusinessDevelopment`	$640.30K	USD	1 Quarter
Business development and management costs	`BusinessDevelopment`	$1.11M	USD	2 Qtrs
Business development and management costs	`BusinessDevelopment`	$22.04K	USD	Point-in-time
Total operating expenses	`OperatingExpenses`	$1.75M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.06M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$39.84K	USD	Point-in-time
Loss from operations	`OperatingIncomeLoss`	$-1.75M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.06M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-39.84K	USD	Point-in-time
Interest expense	`InterestExpense`	-	USD	Point-in-time
Interest expense	`InterestExpense`	$-634.04K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-317.50K	USD	1 Quarter
Increase in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	Point-in-time
Increase in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-5.50M	USD	2 Qtrs
Increase in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$1.60M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$-1.01K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$-2.46K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	-	USD	Point-in-time
Other income	`OtherNonoperatingIncome`	$-63.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	Point-in-time
Other income	`OtherNonoperatingIncome`	$-194.00	USD	2 Qtrs
Total other expenses, net	`NonoperatingIncomeExpense`	$-1.92M	USD	1 Quarter
Total other expenses, net	`NonoperatingIncomeExpense`	-	USD	Point-in-time
Total other expenses, net	`NonoperatingIncomeExpense`	$-6.13M	USD	2 Qtrs
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.98M	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.88M	USD	2 Qtrs
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-39.84K	USD	Point-in-time
Income tax expense	`IncomeTaxExpenseBenefit`	$2.40K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Point-in-time
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-39.84K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-7.88M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.98M	USD	1 Quarter
Weighted average shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.36M	shares	Point-in-time
Weighted average shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.36M	shares	2 Qtrs
Weighted average shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.36M	shares	1 Quarter
Basic and diluted net loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.68	USD	1 Quarter
Basic and diluted net loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Point-in-time
Basic and diluted net loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.81	USD	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-39.84K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-7.88M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.98M	USD	1 Quarter
Depreciation	`Depreciation`	$22.70K	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	Point-in-time
Depreciation	`Depreciation`	$18.23K	USD	1 Quarter
Amortization of intellectual property	`AmortizationOfIntangibleAssets`	-	USD	Point-in-time
Amortization of intellectual property	`AmortizationOfIntangibleAssets`	$53.63K	USD	2 Qtrs
Fair value of common stock issued as reimbursement for expenses paid by founders	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$39.84K	USD	Point-in-time
Fair value of common stock issued as reimbursement for expenses paid by founders	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$81.60K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	Point-in-time
Stock based compensation	`ShareBasedCompensation`	$81.60K	USD	1 Quarter
Change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	Point-in-time
Change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-5.50M	USD	2 Qtrs
Change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$1.60M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	Point-in-time
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$454.70K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$137.50K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	-	USD	Point-in-time
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$154.31K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	Point-in-time
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	Point-in-time
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$136.56K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$228.72K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Point-in-time
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.69M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	-	USD	Point-in-time
Capital expenditures for fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.20M	USD	2 Qtrs
Capital expenditures for fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Point-in-time
Capital expenditures for intellectual property	`PaymentsToAcquireIntangibleAssets`	$6.04K	USD	2 Qtrs
Capital expenditures for intellectual property	`PaymentsToAcquireIntangibleAssets`	-	USD	Point-in-time
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	Point-in-time
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.21M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	Point-in-time
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.91M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.54M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.63M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.54M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.63M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$813.00	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	$2.40K	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Point-in-time
Fair value of common stock issued to founders of expenses prior to inception	`StockIssued1`	-	USD	2 Qtrs
Fair value of common stock issued to founders of expenses prior to inception	`StockIssued1`	$39.84K	USD	Point-in-time
Total non-cash financing activities	`TotalNonCashFinancingActivities`	-	USD	2 Qtrs
Total non-cash financing activities	`TotalNonCashFinancingActivities`	$39.84K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.