Aqua Metals Inc
For the period ended Mar 31, 2024. Filed May 15, 2024.
View on SEC.govAbout this filing
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$1.50+19.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| Page | ||
|---|---|---|
| PART I - FINANCIAL INFORMATION | ||
| Item 1. | Financial Statements | 1 |
| Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 - Unaudited | 1 | |
| Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2024 and 2023 - Unaudited | 2 | |
| Condensed Consolidated Statements of Stockholders' Equity for the Three Months Ended March 31, 2024 and 2023 - Unaudited | 3 | |
| Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2024 and 2023- Unaudited | 4 | |
| Notes to Condensed Consolidated Financial Statements - Unaudited | 5 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 13 |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 17 |
| Item 4. | Controls and Procedures | 17 |
| PART II - OTHER INFORMATION | ||
| Item 1A. | Risk Factors | 18 |
| Item 6. | Exhibits | 19 |
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements
Condensed Consolidated Balance Sheets - Unaudited
(in thousands, except share and per share amounts)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $8,294 | $16,522 |
| Note receivable - LINICO | 450 | 600 |
| Accounts receivable | — | 67 |
| Inventory | 1,040 | 929 |
| Prepaid expenses and other current assets | 296 | 181 |
| Total current assets | 10,080 | 18,299 |
| Non-current assets | ||
| Property, plant and equipment, net | 14,453 | 10,347 |
| Intellectual property, net | 236 | 281 |
| Other assets | 6,677 | 4,673 |
| Total non-current assets | 21,366 | 15,301 |
| Total assets | $31,446 | $33,600 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $1,997 | $1,836 |
| Accrued expenses | 3,231 | 2,467 |
| Lease liability, current portion | 253 | 275 |
| Note payable, current portion | 2,970 | 35 |
| Total current liabilities | 8,451 | 4,613 |
| Non-current liabilities | ||
| Lease liability, non-current portion | 143 | — |
| Note payable, non-current portion | — | 2,923 |
| Total liabilities | 8,594 | 7,536 |
| Commitments and contingencies (see Note 12) | ||
| Stockholders’ equity | ||
| Common stock; $0.001 par value; 200,000,000 shares authorized; 113,131,561 and 112,674,915, shares issued and outstanding as of March 31, 2024, respectively and 108,308,661 and 107,880,095, shares issued and outstanding as of December 31, 2023, respectively | 113 | 108 |
| Additional paid-in capital | 252,066 | 249,687 |
| Accumulated deficit | (228,967) | (223,215) |
| Treasury stock, at cost; common shares: 456,646 and 428,566 as of March 31, 2024 and December 31, 2023, respectively | (360) | (516) |
| Total stockholders’ equity | 22,852 | 26,064 |
| Total liabilities and stockholders’ equity | $31,446 | $33,600 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.