Aqua Metals Inc
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
AQMS$1.41-6.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows - Unaudited
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(5,752) | $(4,606) |
| Reconciliation of net loss to net cash used in operating activities | ||
| Depreciation and ROU asset amortization | 280 | 141 |
| Amortization of intellectual property | 45 | 45 |
| Fair value of common stock issued for director fees | — | 32 |
| Fair value of common stock issued for consulting services | — | 12 |
| Stock-based compensation | 774 | 687 |
| Amortization of deferred financing costs | 11 | 16 |
| Gain on disposal of property, plant and equipment | — | (20) |
| Non-cash interest expense | 24 | — |
| Changes in operating assets and liabilities | ||
| Proceeds from leasing of building | — | 283 |
| Accounts receivable | 67 | 12 |
| Inventory | (111) | (23) |
| Prepaid expenses and other current assets | (115) | (23) |
| Accounts payable | 111 | 107 |
| Accrued expenses | 399 | 547 |
| Other assets and liabilities | 16 | (73) |
| Net cash used in operating activities | (4,251) | (2,863) |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | (2,737) | (5,255) |
| Proceeds from sale of equipment | — | 67 |
| Equipment deposits | (2,992) | (34) |
| Proceeds from note receivable | 150 | — |
| Net cash used in investing activities | (5,579) | (5,222) |
| Cash flows from financing activities: | ||
| Proceeds from employee stock purchase plan | — | 14 |
| Proceeds from note payable, net | — | 2,932 |
| Cash paid for tax withholdings on RSUs vesting | (360) | (577) |
| Debt issuance costs | (164) | — |
| Proceeds from ATM, net | 2,126 | 1,989 |
| Net cash provided by financing activities | 1,602 | 4,358 |
| Net decrease in cash and cash equivalents | (8,228) | (3,727) |
| Cash and cash equivalents at beginning of period | 16,522 | 7,082 |
| Cash and cash equivalents at end of period | $8,294 | $3,355 |
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Supplemental disclosure of cash flows information | ||
| Cash paid for interest | $82 | $155 |
| Supplemental disclosure of non-cash transactions | ||
| Acquisitions of property, plant and equipment included in accounts payable | $1,121 | $412 |
| Acquisitions of property, plant and equipment included in accrued expenses | $1,638 | $210 |
| Equity included in accrued expenses | $— | $608 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.