10-Q Filing

Aqua Metals, Inc. CIK: 1621832 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001615774-16-005519`
Period End Date	20160331
Filing Date	20160519
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	aqms-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 28 Cash Flow Statement 63

Balance Sheet 58 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, authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.54M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	14.14M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.69M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	14.14M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.14M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	14.14M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	14.14M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$7.89M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$11.67M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$127.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$146.99K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$15.02M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.81M	USD	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$1.07M	USD	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$1.06M	USD	Point-in-time
Equipment deposits	`DepositsAssetsNoncurrent`	$6.25M	USD	Point-in-time
Equipment deposits	`DepositsAssetsNoncurrent`	$3.85M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.59M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.59M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$15.32M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$23.93M	USD	Point-in-time
Total assets	`Assets`	$47.19M	USD	Point-in-time
Total assets	`Assets`	$47.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.19M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.21M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$80.52K	USD	Point-in-time
Notes payable, current portion	`NotesPayableCurrent`	$44.97K	USD	Point-in-time
Notes payable, current portion	`NotesPayableCurrent`	$118.50K	USD	Point-in-time
Deferred rent, current portion	`DeferredRentCreditCurrent`	-	USD	Point-in-time
Deferred rent, current portion	`DeferredRentCreditCurrent`	$91.46K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.32M	USD	Point-in-time
Deferred rent, non-current portion	`DeferredRentCreditNoncurrent`	$1.07M	USD	Point-in-time
Deferred rent, non-current portion	`DeferredRentCreditNoncurrent`	$1.10M	USD	Point-in-time
Notes payable, non-current portion	`LongTermNotesPayable`	$9.22M	USD	Point-in-time
Notes payable, non-current portion	`LongTermNotesPayable`	$9.25M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.48M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.61M	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; 14,137,442 and 14,137,442 shares issued and outstanding March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$14.14K	USD	Point-in-time
Common stock; $0.001 par; 50,000,000 shares authorized; 14,137,442 and 14,137,442 shares issued and outstanding March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$14.14K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$48.36M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$48.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$33.67M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$31.71M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$47.19M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$47.28M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Operations and development costs	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$213.59K	USD	1 Quarter
Operations and development costs	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$883.37K	USD	1 Quarter
Business development and management costs	`GeneralAndAdministrativeExpense`	$471.62K	USD	1 Quarter
Business development and management costs	`GeneralAndAdministrativeExpense`	$1.30M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.18M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$685.21K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-685.21K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.18M	USD	1 Quarter
Increase in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Increase in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-3.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$316.53K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.19K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$7.11K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.45K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$131.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$304.00	USD	1 Quarter
Total other expense (income), net	`NonoperatingIncomeExpense`	$5.22K	USD	1 Quarter
Total other expense (income), net	`NonoperatingIncomeExpense`	$-4.21M	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.17M	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.90M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$800.00	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.40K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.17M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.90M	USD	1 Quarter
Weighted average shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.14M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.36M	shares	1 Quarter
Basic and diluted net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.15	USD	1 Quarter
Basic and diluted net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.12	USD	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.17M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.90M	USD	1 Quarter
Depreciation	`Depreciation`	$3.85K	USD	1 Quarter
Depreciation	`Depreciation`	$77.76K	USD	1 Quarter
Amortization of intellectual property	`AmortizationOfIntangibleAssets`	$30.85K	USD	1 Quarter
Amortization of intellectual property	`AmortizationOfIntangibleAssets`	$26.82K	USD	1 Quarter
Fair value of warrants issued for consulting services	`FairValueOfWarrantIssuedForConsultingServices`	-	USD	1 Quarter
Fair value of warrants issued for consulting services	`FairValueOfWarrantIssuedForConsultingServices`	$15.48K	USD	1 Quarter
Stock option compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock option compensation	`ShareBasedCompensation`	$208.18K	USD	1 Quarter
Increase in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Increase in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-3.90M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$227.35K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$9.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$149.25K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$20.08K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$18.40K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$49.72K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$88.76K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$116.96K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$84.78K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRent`	-	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRent`	$77.94K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.60M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-747.21K	USD	1 Quarter
Decrease in restricted cash	`DecreaseInRestrictedCash`	-	USD	1 Quarter
Decrease in restricted cash	`DecreaseInRestrictedCash`	$1.13M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$103.59K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.27M	USD	1 Quarter
Deposits	`IncreaseDecreaseInDepositsInvestingActivity1`	-	USD	1 Quarter
Deposits	`IncreaseDecreaseInDepositsInvestingActivity1`	$1.12M	USD	1 Quarter
Intellectual property related expenditures	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Intellectual property related expenditures	`PaymentsToAcquireIntangibleAssets`	$27.78K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-103.59K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.29M	USD	1 Quarter
Payments on capital leases	`CapitalLeasesIndemnificationAgreementsPayments`	$-4.01K	USD	1 Quarter
Payments on capital leases	`CapitalLeasesIndemnificationAgreementsPayments`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.01K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.90M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-850.80K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.54M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.24M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.69M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.14M	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`	$15.24M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.69M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.14M	USD	Point-in-time
Tenant improvement allowances	`AllowancesForTenantImprovement`	$947.45K	USD	1 Quarter
Tenant improvement allowances	`AllowancesForTenantImprovement`	-	USD	1 Quarter
Capital lease	`CapitalLease`	$100.56K	USD	1 Quarter
Capital lease	`CapitalLease`	-	USD	1 Quarter
Increase in property and equipment resulting from increase in accounts payable	`IncreaseInPropertyAndEquipmentResultingFromIncreaseInAccountsPayable`	$1.79M	USD	1 Quarter
Increase in property and equipment resulting from increase in accounts payable	`IncreaseInPropertyAndEquipmentResultingFromIncreaseInAccountsPayable`	-	USD	1 Quarter
Increase in property and equipment resulting from increase in accrued expenses	`IncreaseInPropertyAndEquipmentResultingFromIncreaseInAccruedExpenses`	$1.05M	USD	1 Quarter
Increase in property and equipment resulting from increase in accrued expenses	`IncreaseInPropertyAndEquipmentResultingFromIncreaseInAccruedExpenses`	-	USD	1 Quarter
Increase in deposits resulting from increase in accounts payable	`IncreaseInDepositsResultingFromIncreaseInAccountsPayable`	-	USD	1 Quarter
Increase in deposits resulting from increase in accounts payable	`IncreaseInDepositsResultingFromIncreaseInAccountsPayable`	$1.28M	USD	1 Quarter
Decrease in restricted cash resulting from a decrease in accounts payable	`DecreaseInRestrictedCashResultingFromDecreaseInAccountsPayable`	-	USD	1 Quarter
Decrease in restricted cash resulting from a decrease in accounts payable	`DecreaseInRestrictedCashResultingFromDecreaseInAccountsPayable`	$2.64M	USD	1 Quarter

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