Document And Entity Information
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3 Months Ended | |
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Mar. 31, 2013
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May 01, 2013
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Document and Entity Information [Abstract] | ||
Entity Registrant Name | LIQUIDMETAL TECHNOLOGIES INC | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 320,648,492 | |
Amendment Flag | false | |
Entity Central Index Key | 0001141240 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Smaller Reporting Company | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | Mar. 31, 2013 | |
Document Fiscal Year Focus | 2013 | |
Document Fiscal Period Focus | Q1 |
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If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Details
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- Definition
Value of warrants outstanding. A warrant gives the holder the right to purchase shares of common stock in accordance with the terms of the instrument, usually upon payment of a specified amount. No definition available.
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Discloses amount of embedded regulatory liabilities within the plant accounts. This may result when the regulatory depreciable life is shorter than the depreciable life generally used for nonregulatory accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Including the current and noncurrent portions, carrying amount of debt identified as being convertible into another form of financial instrument (typically the entity's common stock) as of the balance sheet date, which originally required full repayment more than twelve months after issuance or greater than the normal operating cycle of the company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer, and the aggregate carrying amount of current assets, as of the balance sheet date, not separately presented elsewhere in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value of outstanding derivative securities that permit the holder the right to purchase securities (usually equity) from the issuer at a specified price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Balance Sheets (Unaudited)(Current Period) (Parentheticals) (USD $)
In Thousands, except Share data, unless otherwise specified |
Mar. 31, 2013
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Dec. 31, 2012
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Allowance for doubtful accounts (in Dollars) | $ 14 | $ 11 |
Debt discount (in Dollars) | $ 2,167 | $ 4,635 |
Convertible, redeemable Series A Preferred Stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Convertible, redeemable Series A Preferred Stock, shares authorized | 10,000,000 | 10,000,000 |
Convertible, redeemable Series A Preferred Stock, shares issued | 0 | 506,936 |
Convertible, redeemable Series A Preferred Stock, shares outstanding | 0 | 506,936 |
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 500,000,000 | 400,000,000 |
Common stock, shares issued | 305,762,752 | 242,074,324 |
Common stock, shares outstanding | 305,762,752 | 242,074,324 |
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- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of debt discount (net of debt premium) that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Statements Of Operations And Comprehensive Loss (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2013
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Mar. 31, 2012
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Revenue | ||
Products | $ 117 | $ 183 |
Licensing and royalties | 5 | 13 |
Total revenue | 122 | 196 |
Cost of revenue, products | 82 | 81 |
Gross margin | 40 | 115 |
Operating expenses | ||
Selling, marketing, general and administrative | 1,314 | 959 |
Research and development | 236 | 188 |
Total operating expenses | 1,550 | 1,147 |
Operating loss | (1,510) | (1,032) |
Change in value of warrants, gain | 510 | |
Change in value of embedded conversion feature liabilities, gain | 1,678 | |
Debt discount amortization expense | (4,034) | |
Interest expense | (141) | (39) |
Interest income | 3 | 4 |
Loss before income taxes | (3,494) | (1,067) |
Income taxes | 0 | 0 |
Net loss | $ (3,494) | $ (1,067) |
Per common share basic and diluted: | ||
Loss per share (in Dollars per share) | $ (0.01) | $ (0.01) |
Number of weighted average shares (in Shares) | 282,675,201 | 153,707,246 |
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- Definition
The net change in the difference between the fair value and the carrying value of warrants. No definition available.
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- Details
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- Details
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- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue earned during the period relating to consideration received from another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Licensing fees are generally, but not always, fixed as to amount and not dependent upon the revenue generated by the licensing party. An entity may receive licensing fees for licenses that also generate royalty payments to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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Consolidated Statement Of Shareholders' Deficit (Unaudited) (USD $)
In Thousands, except Share data |
Preferred Stock [Member]
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Common Stock [Member]
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Warrants Part of Additional Paid in Capital [Member]
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Additional Paid-in Capital [Member]
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Retained Earnings [Member]
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Total
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Balance, December 31, 2012 at Dec. 31, 2012 | $ 242 | $ 18,179 | $ 169,891 | $ (189,884) | $ (1,572) | $ (1,572) |
Balance, December 31, 2012 (in Shares) at Dec. 31, 2012 | 506,936 | 242,074,324 | ||||
Conversion of preferred stock | 17 | (17) | ||||
Conversion of preferred stock (in Shares) | (506,936) | 16,896,070 | ||||
Common stock issuance | 47 | 4,427 | 4,474 | |||
Common stock issuance (in Shares) | 46,792,358 | |||||
Stock-based compensation | 34 | 34 | ||||
Restricted stock issued to officer | 78 | 78 | ||||
Dividend distribution | 222 | 222 | ||||
Net loss | (3,494) | (3,494) | ||||
Balance, March 31, 2013 at Mar. 31, 2013 | $ 306 | $ 18,179 | $ 174,635 | $ (193,378) | $ (258) | $ (258) |
Balance, March 31, 2013 (in Shares) at Mar. 31, 2013 | 305,762,752 |
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- Definition
Value of stock related to Restricted Stock Awards issued to officer(s) during the period, net of the stock value of such awards forfeited. No definition available.
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- Definition
This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation". Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Equity impact of aggregate cash, stock, and paid-in-kind dividends declared for common shareholders during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of shares issued and outstanding as of the balance sheet date. No definition available.
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of shares issued during the period as a result of the conversion of convertible securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The gross value of stock issued during the period upon the conversion of convertible securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Details
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- Definition
The net change in the difference between the fair value and the carrying value of warrants. No definition available.
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- Details
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- Details
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- Details
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- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The value of the financial instrument(s) that the original debt is being converted into in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in other noncurrent operating assets not separately disclosed in the statement of cash flows. No definition available.
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest paid other than in cash for example by issuing additional debt securities. As a noncash item, it is added to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from a borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The noncash expense that represents the cost of restricted stock or unit distributed to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 1 - Description of Business
|
3 Months Ended |
---|---|
Mar. 31, 2013
|
|
Business Description and Basis of Presentation [Text Block] |
1. Description
of Business
Liquidmetal
Technologies, Inc. (the “Company”) is a materials
technology company that develops and commercializes products
made from amorphous alloys. The Company’s
family of alloys consists of a variety of bulk alloys and
composites that utilize the advantages offered by amorphous
alloy technology. The Company partners with third-party
manufacturers and licensees to develop and commercialize
Liquidmetal alloy products. The Company believes
that its proprietary bulk alloys are the only commercially
viable bulk amorphous alloys currently available in the
marketplace.
Amorphous
alloys are, in general, unique materials that are
distinguished by their ability to retain an amorphous atomic
structure when they solidify, in contrast to the crystalline
atomic structures that form in other metals and alloys when
they solidify. Liquidmetal alloys are proprietary
amorphous alloys that possess a combination of performance,
processing, and potential cost advantages that the Company
believes make them preferable to other materials in a variety
of applications. The amorphous atomic structure of bulk
alloys enables them to overcome certain performance
limitations caused by inherent weaknesses in crystalline
atomic structures, thus facilitating performance and
processing characteristics superior in many ways to those of
their crystalline counterparts. For example, in laboratory
testing, zirconium-titanium Liquidmetal alloys are
approximately 250% stronger than commonly used titanium
alloys such as Ti-6Al-4V, but they also have some of the
beneficial processing characteristics more commonly
associated with plastics. The Company believes these
advantages could result in Liquidmetal alloys supplanting
high-performance alloys, such as titanium and stainless
steel, and other incumbent materials in a variety of
applications. Moreover, the Company believes these advantages
could enable the introduction of entirely new products and
applications that are not possible or commercially viable
with other materials.
The
Company’s revenues are derived from i) selling bulk
Liquidmetal alloy products, which include non-consumer
electronic devices, aerospace parts, medical products,
automotive components, oil and gas exploration, and sports
and leisure goods, ii) selling tooling and prototype parts
such as demonstration parts and test samples for customers
with products in development, iii) product licensing and
royalty revenue, and iv) research and development
revenue.
|
X | ||||||||||
- Definition
The entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). No definition available.
|
Note 2 - Basis of Presentation and Recent Accounting Pronouncements
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of Presentation and Significant Accounting Policies [Text Block] |
2. Basis
of Presentation and Recent Accounting Pronouncements
The
accompanying unaudited interim consolidated financial
statements as of and for the three months ended March 31,
2013 have been prepared in accordance with accounting
principles generally accepted in the United States of America
(“generally accepted accounting principles”) for
interim financial information and with the instructions to
Form 10-Q. Accordingly, they do not include all of the
information and notes required by generally accepted
accounting principles for complete financial statements. In
the opinion of management, all adjustments (consisting only
of normal recurring accruals) considered necessary for a fair
presentation have been included. All intercompany balances
and transactions have been eliminated. Operating results for
the three months ended March 31, 2013 are not necessarily
indicative of the results that may be expected for any future
periods or the year ending December 31, 2013. The
accompanying unaudited consolidated financial statements
should be read in conjunction with the Company's 2012 Annual
Report on Form 10-K filed with the Securities and Exchange
Commission on February 26, 2013.
Revenue
Recognition
Revenue
is recognized pursuant to applicable accounting standards
including FASB ASC Topic 605 (“ASC 605”), Revenue
Recognition. ASC 605 summarizes certain points of the SEC
staff’s views in applying generally accepted accounting
principles to revenue recognition in financial statements and
provides guidance on revenue recognition issues in the
absence of authoritative literature addressing a specific
arrangement or a specific industry.
The
Company’s revenue recognition policy complies with the
requirements of ASC 605. Revenue is recognized
when (i) persuasive evidence of an arrangement exists, (ii)
delivery has occurred, (iii) the sales price is fixed or
determinable, (iv) collection is probable and (v) all
obligations have been substantially performed pursuant to the
terms of the arrangement. Revenues primarily consist of the
sales and prototyping of Liquidmetal mold and bulk alloys as
well as licensing and royalties for the use of the
Liquidmetal brand and bulk Liquidmetal
alloys. Revenue is deferred and included in
liabilities when the Company receives cash in advance for
goods not yet delivered or if the licensing term has not
begun.
License
revenue arrangements in general provide for the grant of
certain intellectual property rights for patented
technologies owned or controlled by the Company. These rights
typically include the grant of an exclusive or non-exclusive
right to manufacture and/or sell products covered by patented
technologies owned or controlled by the Company. The
intellectual property rights granted may be perpetual in
nature, extending until the expiration of the related
patents, or can be granted for a defined period of
time.
Licensing
revenues that are one time fees upon the granting of the
license are recognized when (i) the license term begins in a
manner consistent with the nature of the transaction and the
earnings process, (ii) collectability is reasonably assured
or upon receipt of an upfront fee, and (iii) all other
revenue recognition criteria have been
met. Pursuant to the terms of these agreements,
the Company has no further obligation with respect to the
grant of the license. Licensing revenues that are related to
royalties are recognized as the royalties are earned over the
related period.
Fair
Value Measurements
The
estimated fair values of amounts reported in the consolidated
financial statements have been determined using available
market information and valuation methodologies, as
applicable. The fair value of cash, trade
receivables, prepaid expenses and other current assets,
accounts payable, and accrued liabilities approximate their
carrying value due to their short maturities. The
fair value of non-current assets and liabilities approximate
their carrying value unless otherwise stated. The carry
amounts reported for debt obligations approximate fair value
due to the effective interest rate of these obligations
reflecting the Company’s current borrowing rate.
Fair
value is defined as the exchange price that would be received
for an asset or paid to transfer a liability (an exit price)
in the principal or most advantageous market for the asset or
liability in an orderly transaction between market
participants on the measurement date. Entities are required
to maximize the use of observable inputs and minimize the use
of unobservable inputs when measuring fair value based upon
the following fair value hierarchy:
The
Company has one Level 2 financial instrument, warrants that
are recorded at fair value on a periodic
basis. Warrants are evaluated under the hierarchy
of FASB ASC Subtopic 480-10, FASB ASC
Paragraph 815-25-1 and FASB ASC
Subparagraph 815-10-15-74 addressing embedded
derivatives. The fair value of such warrants is estimated
using the Black-Scholes option pricing model. The foregoing
warrants have certain anti-dilution and exercise price reset
provisions which qualify the warrants to be classified as a
liability under FASB ASC 815 (see note 8).
The
Company has one Level 3 financial instrument, an embedded
derivative that is recorded at fair value on a periodic
basis. The embedded derivative is evaluated under the
hierarchy of FASB ASC Subtopic 480-10, FASB ASC
Paragraph 815-25-1 and FASB ASC
Subparagraph 815-10-15-74 addressing embedded
derivatives. The fair value of such embedded derivative is
estimated using the Monte Carlo simulation model. The
foregoing embedded derivative has certain anti-dilution and
exercise price reset provisions which qualify the embedded
derivative to be classified as a liability under FASB ASC 815
(see note 7).
As
of March 31, 2013, the following table represents the
Company’s fair value hierarchy for items that are
required to be measured at fair value on a recurring
basis:
Recent
Accounting Pronouncements
In
June 2011, the FASB issued guidance regarding the
presentation of comprehensive income. The new guidance
eliminates the option to report other comprehensive income
and its components in the statement of changes in
equity. Instead, an entity is required to present either
a continuous statement of net income and other comprehensive
income or two separate but consecutive statements. The
updated guidance is effective on a retrospective basis for
financial statements issued for fiscal years, and interim
periods within those fiscal years, beginning after
December 15, 2011. The Company adopted the guidance
beginning on January 1, 2012.
In
May 2011, the FASB issued additional guidance on fair
value measurements that clarifies the application of existing
guidance and disclosure requirements, changes certain fair
value measurement principles and requires additional
disclosures about fair value measurements. The updated
guidance is effective on a prospective basis for financial
statements issued for fiscal years, and interim periods
within those fiscal years, beginning after December 15,
2011. The Company adopted the guidance beginning
on January 1, 2012.
Other
recent accounting pronouncements issued by the FASB
(including its Emerging Issues Task Force), the AICPA and the
SEC did not or are not believed by management to have a
material impact on the Company's present or future
consolidated financial statements.
|
X | ||||||||||
- Definition
The entire disclosure for the basis of presentation and significant accounting policies concepts. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). Accounting policies describe all significant accounting policies of the reporting entity. No definition available.
|
Note 3 - Significant Transactions
|
3 Months Ended |
---|---|
Mar. 31, 2013
|
|
Significant Transactions [Text Block] |
3. Significant
Transactions
July
2012 Private Placement
On
July 2, 2012, the Company entered into a private placement
transaction (the “July 2012 Private Placement”)
for $12,000 in principal amount of senior convertible notes
due on September 1, 2013. The notes are
convertible at any time at the option of the holders, into
shares of the Company’s common stock at a conversion
price of $0.352 per share. In the event that the
Company issues or sells shares of the Company’s common
stock for a price per share that is less than the conversion
price then in effect, the conversion price then in effect
will be decreased to such lower price, subject to customary
exceptions. The notes bear interest at 8% per
annum and are payable in twelve equal monthly installments of
principal and interest beginning on October 1,
2012. Each monthly installment payment may be made
in cash, shares of the Company’s common stock, or a
combination thereof. If paid in shares, such
shares will be valued at the lower of (i) the then applicable
conversion price or (ii) a price that is 87.5% of the
arithmetic average of the ten (or in some cases fewer) lowest
weighted average prices of the Company’s common stock
during the twenty trading day period ending two trading days
before the payment date or the date on which the Company
elects to pay in shares, whichever is lower (the
“Measurement Period”). The
Company’s ability to make such payments with shares of
the Company’s common stock will be subject to certain
conditions including (i) a minimum of $250 in average daily
trading volume during the Measurement Period, (ii) a minimum
of $150 in daily trading volume during each day during the
Measurement Period, with certain exceptions, and (iii) the
effectiveness of a resale registration statement with respect
to the shares. As of March 31, 2013, the Company issued
96,963,776 shares of common stock in satisfaction of the
first eight monthly installments under the July 2012 Private
Placement (see note 7).
As
a part of the July 2012 Private Placement, the Company issued
warrants to purchase 18,750,000 shares of the Company’s
common stock at an exercise price of $0.384 per share, and
such warrants first became exercisable within six months of
the issuance date thereof. In the event that the
Company issues or sells shares of the Company’s common
stock at a price per share that is less than the exercise
price then in effect, the exercise price of the
warrants will be reduced based on a weighted-average
formula. In addition, on the two year anniversary of the
issuance date, the then applicable exercise price may be
reset to equal the lesser of (i) the then current exercise
price or (ii) 87.5% of the arithmetic average of the ten
lowest weighted average prices of the common stock during the
twenty trading day period ending two trading days immediately
preceding the reset date. All of the warrants will
expire on July 2, 2017 (see note 8).
June
2012 Visser MTA Agreement
On
June 1, 2012, the Company entered into a Master Transaction
Agreement (the “Visser MTA Agreement”) with
Visser Precision Cast, LLC (“Visser”) relating to
a strategic transaction for manufacturing services and
financing.
Under
the manufacturing and service component of the Visser MTA
Agreement, the Company has agreed to engage Visser as a
perpetual, exclusive manufacturer of non-consumer electronic
products and to not, directly or indirectly, conduct
manufacturing operations, subcontract for the manufacture of
products or components or grant a license to any other party
to conduct manufacturing operations, except for certain
limited exceptions. Further, the Company has
agreed to sublicense to Visser, on a fully-paid up,
royalty-free, irrevocable, perpetual, worldwide basis, all
intellectual property rights held by the
Company. In addition, Visser has a right of first
refusal over any proposed transfer by the Company of its
technology pursuant to any license, sublicense, sale or other
transfer, other than a license to a machine or alloy
vendor.
Under
the financing component of the Visser MTA Agreement, the
Company issued and sold to Visser in a private placement
transaction (i) 30,000,000 shares of common stock at a
purchase price of $0.10 per share resulting in proceeds of
$3,000, (ii) warrants to purchase 15,000,000 shares of common
stock (subsequently increased to 16,861,416 warrants for
anti-dilution impact, see note 8) at an original exercise
price of $0.22 per share (subsequently reduced to $0.20 for
anti-dilution impact, see note 8) which expire on June 1,
2017 and (iii) a secured convertible promissory note (the
“Promissory Note”) in the aggregate principal
amount of up to $2,000 which was convertible into shares of
common stock at a conversion rate of $0.22 per
share. The Promissory Note was issued pursuant to
a $2,000 loan facility made available by Visser, but no
borrowings were made by the Company under this loan facility,
and the deadline for making borrowings under the facility
expired on November 15, 2012. All of the shares of common
stock issuable upon exercise of the warrants are subject to a
lock-up period through December 31, 2016.
The
warrants under the Visser MTA Agreement contain certain
anti-dilution and exercise price reset provisions which
results in liability accounting under FASB ASC 815 (see note
8). In relation to the financing cost component to
the Visser transaction, the Company performed a prorated
allocation of the fair value of the warrants on the
convertible promissory note and the common stock based on
their relative fair values. The Company capitalized deferred
financing costs in relation to the convertible promissory
note totaling $1,355 and offset additional paid-in capital
for $2,905 in relation to the warrant. The Company assessed
the value of the deferred financing costs as of the quarter
ended June 30, 2012 and determined that the value was
impaired due to the limitations on the Company’s
ability to request for advances as discussed above.
Therefore, the Company expensed the deferred financing costs
totaling $1,355 as of the quarter ended June 30, 2012.
In
connection with the Visser MTA Agreement, the Company
performed a valuation analysis of the manufacturing service
and financing components of the Visser MTA Agreement as part
of the bundled contract. The Company has assessed and
determined that while
these components may have market values on a standalone
basis, the values of the manufacturing component and
sublicense component were deemed immaterial for accounting
purposes. Further, the Company’s weighted average
market stock price was approximately $0.31 per share at the
time of share issuances to Visser. As the actual share
purchase price related to the financing component of the
Visser MTA Agreement was $0.10 per share, the $0.21 per share
difference was treated as manufacturing contract costs and
$6,300 was expensed as operating expenses during the second
quarter ended June 30, 2012.
On
January 17, 2012, February 27, 2012, March 28, 2012 and April
25, 2012, the Company issued 8% unsecured, bridge promissory
notes to Visser that were due upon demand in the amounts of
$200, $200, $350 and $300, respectively. The
aggregate principal amount of $1,050 and accrued interest
under the bridge promissory notes were all paid off on June
1, 2012 by utilizing a portion of the proceeds received under
the financing component of the Visser MTA Agreement.
Apple
License Transaction
On
August 5, 2010, the Company entered into a license
transaction with Apple Inc. (“Apple”) pursuant to
which (i) the Company contributed substantially all of
its intellectual property assets to a newly organized
special-purpose, wholly-owned subsidiary, called Crucible
Intellectual Property, LLC (“CIP”), (ii) CIP
granted to Apple a perpetual, worldwide, fully-paid,
exclusive license to commercialize such intellectual property
in the field of consumer electronic products, as defined in
the license agreement, in exchange for a license fee, and
(iii) CIP granted back to the Company a perpetual,
worldwide, fully-paid, exclusive license to commercialize
such intellectual property in all other fields of
use. Additionally, in connection with the license
transaction, Apple required the Company to complete a
statement of work related to the exchange of Liquidmetal
intellectual property information. The Company
recognized a portion of the one-time license fee upon receipt
of the initial payment and completion of the foregoing
requirements under the license transaction. The
remaining portion of the one-time license fee was recognized
at the completion of the required statement of work.
Under
the agreements relating to the license transaction with
Apple, the Company is obligated to contribute all
intellectual property that it developed through February 2012
(and subsequently amended to extend through February 2014) to
CIP. The Company is also obligated to maintain certain
limited liability company formalities with respect to CIP at
all times after the closing of the license
transaction.
Other
License Transactions
On
January 31, 2012, the Company and Engel Austria Gmbh
(“Engel”) entered into a Supply and License
Agreement for a five year term whereby Engel was granted a
non-exclusive license to manufacture and sell injection
molding machines to the Company’s
licensees.
On
November 16, 2011, the Company and Materion Brush Inc.
(“Materion”) entered into a Development Agreement
to evaluate, analyze and develop amorphous alloy feedstock to
be supplied in commercial quantities. Further, on June
17, 2012, the Company entered into a Sales Representation
Agreement with Materion whereby Materion shall promote the
sale of Liquidmetal’s products for certain
commissions. This agreement is for a two year initial
term with annual, automatic renewals. To date,
there have been no commission payments related to this
agreement.
The
Company’s Liquidmetal Golf subsidiary has the exclusive
right and license to utilize the Company’s Liquidmetal
alloy technology for purposes of golf equipment applications.
This right and license is set forth in an intercompany
license agreement between Liquidmetal Technologies and
Liquidmetal Golf. This license agreement provides
that Liquidmetal Golf has a perpetual and exclusive license
to use Liquidmetal alloy technology for the purpose of
manufacturing, marketing, and selling golf club components
and other products used in the sport of
golf. Liquidmetal Technologies owns 79% of the
outstanding common stock in Liquidmetal Golf.
In
June 2003, the Company entered into an exclusive license
agreement with LLPG, Inc.
(“LLPG”). Under the terms of the
agreement, LLPG has the right to commercialize Liquidmetal
alloys, particularly precious-metal based compositions, in
jewelry and high-end luxury product markets. The
Company, in turn, will receive royalty payments over the life
of the contract on all Liquidmetal products produced and sold
by LLPG. The exclusive license agreement with LLPG
expires on December 31, 2021.
In
March 2009, the Company entered into a license agreement with
Swatch Group, Ltd. (“Swatch”) under which Swatch
was granted a perpetual non-exclusive license to the
Company’s technology to produce and market watches and
certain other luxury products. In March 2011, this
license agreement was amended to grant Swatch exclusive
rights as to watches, and the Company’s license
agreement with LLPG was simultaneously amended to exclude
watches from LLPG’s rights. The Company will receive
royalty payments over the life of the contract on all
Liquidmetal products produced and sold by
Swatch. The license agreement with Swatch will
expire on the expiration date of the last licensed
patent.
|
X | ||||||||||
- Definition
Significant Transactions No definition available.
|
Note 4 - Liquidity and Capital Resources
|
3 Months Ended |
---|---|
Mar. 31, 2013
|
|
Liquidityand Capital Resource Disclosure [Text Block] |
4. Liquidity
and Capital Resources
The
Company’s cash used in operations was $1,620 for the
three months ended March 31, 2013, while cash used in
operations was $540 for the three months ended March 31,
2012. The Company’s cash used in investing
activities was $36 for the three months ended March 31, 2013.
The Company had no financing activities during the three
months ended March 31, 2013. As of March 31, 2013,
the Company’s cash balance was $5,506.
On
July 2, 2012, the Company entered into definitive agreements
relating to a private placement of $12,000 in principal
amount of Senior Convertible Notes due on September 1, 2013
and Warrants to the purchasers of such Senior Convertible
Notes giving such purchasers the right to purchase up to an
aggregate of 18,750,000 shares of the Company’s common
stock at an exercise price of $0.384 per share. At
March 31, 2013, the outstanding principal under the Senior
Convertible Notes was $4,000 (see note 3). There
was no unpaid accrued interest as of March 31, 2013.
The
Company does not believe that the Company has the financial
ability to make all payments on the Senior Convertible
Notes in cash when due. Accordingly, the Company
intends to make such payments in shares of our common stock
to the greatest extent possible. Because the price at which
the Company will issue shares to the notes will vary with
the market price of the Company’s common stock, the
repayment of the Senior Convertible Notes with shares of
the Company’s common stock will continue to be highly
dilutive. The Company is able to make such
payments in shares of common stock only if the holders of
the notes consent with the method of payment.
The
Company anticipates that the Company’s current
capital resources, together with income from operations,
will be sufficient to fund the Company’s operations
through the end of 2013. The Company has a
relatively limited history of producing bulk amorphous
alloy components and products on a mass-production
scale. Furthermore, Visser’s ability to
produce the Company’s products in desired quantities
and at commercially reasonable prices is uncertain and is
dependent on a variety of factors that are outside of the
Company’s control, including the nature and design of
the component, the customer’s specifications, and
required delivery timelines. Such factors will
likely require that the Company raise additional funds to
support the Company’s operations beyond
2013. There is no assurance that the Company
will be able to raise such additional funds on acceptable
terms, if at all. If the Company raises
additional funds by issuing securities, existing
stockholders may be diluted. If funding is
insufficient at any time in the future, the Company may be
required to alter or reduce the scope of the
Company’s operations or to cease operations
entirely. As a result of these and other
factors, the Company’s independent registered public
accounting firm has indicated, in their audit opinion on
the Company’s 2012 consolidated financial statements,
that there is substantial doubt about the Company’s
ability to continue as a going concern.
|
X | ||||||||||
- Definition
Liquidity and Capital Resource Disclosure (Text Block) No definition available.
|
Note 5 - Prepaid Expenses and Other Current Assets
|
3 Months Ended |
---|---|
Mar. 31, 2013
|
|
Prepaid Expenses And Other Current Assets [Text Block] |
5. Prepaid
Expenses and Other Current Assets
On
July 2, 2012, the Company entered into the July 2012 Private
Placement (see note 3). In connection with this
transaction, the Company capitalized legal and banking fees
totaling $1,033 as deferred issuance costs. These
deferred issuance costs will be amortized as debt discount
amortization over the fourteen month term of the Senior
Convertible Notes under the transaction. Deferred issuance
costs are included in prepaid expenses and other current
assets in the Company’s consolidated balance sheet and
were $187 as of March 31, 2013, reflecting $212 of
amortization expensed during the three months ended March 31,
2013. The deferred issuance costs were $399 as of December
31, 2012.
|
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- Definition
The entire disclosure for prepaid expenses and other current assets. No definition available.
|
Note 6 - Patents and Trademarks, net
|
3 Months Ended |
---|---|
Mar. 31, 2013
|
|
Intangible Assets Disclosure [Text Block] |
6. Patents
and Trademarks, net
Net
Patents and trademarks totaled $840
and $869 as of March 31, 2013 and December 31, 2012,
respectively, and it primarily consists of purchased patent
rights and internally developed patents.
Purchased
patent rights represent the exclusive right to commercialize
the bulk amorphous alloy and other amorphous alloy technology
acquired from California Institute of Technology
(“Caltech”), through a license agreement with
Caltech and other institutions. All fees and other amounts
payable by the Company for these rights and licenses have
been paid or accrued in full, and no further royalties,
license fees or other amounts will be payable in the future
under the license agreements.
In
addition to the purchased and licensed patents, the Company
has internally developed patents. Internally developed
patents include legal and registration costs incurred to
obtain the respective patents. The Company currently holds
various patents and numerous pending patent applications in
the United States, as well as numerous foreign counterparts
to these patents outside of the United States.
The
Company amortizes capitalized patents and trademarks over an
average of 10 to 17 year periods. Amortization expense for
Patents and trademarks was $33 and $38 for the three months
ended March 31, 2013 and 2012, respectively.
|
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- Definition
The entire disclosure for all or part of the information related to intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 7 - Convertible Note and Embedded Conversion Feature Liability
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Debt Disclosure [Text Block] |
7. Convertible
Note and Embedded Conversion Feature Liability
On
July 2, 2012, the Company entered into the July 2012
Private Placement for $12,000 in principal amount of Senior
Convertible Notes due on September 1, 2013 (see note 3).
The notes will be convertible at any time at the option of
the holders, into shares of the Company’s common
stock at a conversion price of $0.352 per share. Pursuant
to ASC 815-40, due to the anti-dilution provision of the
notes, the conversion feature of the notes is not indexed
to the Company’s owned stock and should be bifurcated
and recognized as a derivative liability in the
consolidated balance sheets and measured at fair
value. The notes bear interest at 8% per annum
and are payable in twelve equal monthly installments of
principal and interest beginning on October 1, 2012. At
March 31, 2013, the Company had $4,000 of principal
outstanding and no unpaid accrued interest.
The
embedded conversion feature liability and warrants issued
in connection with the Senior Convertible Notes were valued
utilizing the Monte Carlo simulation and Black Sholes
pricing model at $8,865 and $5,053, respectively, totaling
$13,918 as of July 2, 2012. $12,000 of this
total was recorded as debt discount and the excess of the
face value of the embedded conversion feature liability and
warrants of $1,918 was booked to debt discount amortization
on July 2, 2012.
Pursuant
to the terms of the Senior Convertible Notes, the Company
opted to pay the first eight monthly installment payment
due prior to March 31, 2013 with shares of the
Company’s common stock. As of March 31, 2013, the
Company issued 96,963,776 shares of common stock at a
weighted average conversion price of $0.0888 for the first
eight installment payments prior to March 31, 2013,
consisting of $8,000 principal and $580 of
interest.
Interest
expense on the Senior Convertible Notes was $140 for the
three months ended March 31, 2013 and the balance on the
notes (net of debt discount) was $1,833 as of March 31,
2013 as follows:
As
of March 31, 2013, the Company re-valued the embedded
derivatives under the Senior Convertible Notes with the
Monte Carlo simulation model under the following
assumptions: (i) expected life of 0.42 years, (ii)
volatility of 129%, (iii) risk-free interest rate of 0.10%,
and (iv) dividend rate of 0. As of March 31,
2013, the embedded derivative was valued at $2,256 and the
variance of $1,678 was recorded as a change in value of
embedded conversion feature liability for the three months
ended March 31, 2013. The embedded derivatives
are classified as embedded conversion feature liability on
convertible notes in the consolidated balance sheet as
follows:
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- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 8 - Warrant Liability
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Mar. 31, 2013
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Warrant Liabilities [Text Block] |
8.
Warrant Liability
Pursuant
to FASB ASC 815, the Company is required to report the value
of certain warrants as a liability at fair value and record
the changes in the fair value of the warrant liabilities as a
gain or loss in its statement of operations and comprehensive
loss due to the price-based anti-dilution rights of
warrants.
During
June 2012, the Company issued warrants to purchase a total of
15,000,000 shares to Visser under the Visser MTA Agreement
(see note 3). These warrants had an original exercise price
of $0.22 per share and expire on June 1, 2017 and were
originally valued at $4,260. The foregoing warrants have
certain anti-dilution and exercise price reset provisions
which qualify the warrants to be classified as a liability
under FASB ASC 815. As a result of paying down our
convertible notes with common stock, which resulted in an
anti-dilution impact, the exercise price of these warrants
were reduced to $0.21 as of December 31, 2012 and $0.20 as of
March 31, 2013. In addition, the number of
warrants to be issued as a result of the anti-dilution
provision increased to 15,776,632 and 16,861,416 as of
December 31, 2012 and March 31, 2013,
respectively. As of March 31, 2013, these warrants
were valued at $1,105 under the Black Sholes valuation model
utilizing the following assumptions: (i) expected life of
4.17 years, (ii) volatility of 152%, (iii) risk-free interest
rate of 0.77%, and (iv) dividend rate of 0. The
change in warrant valuation for these warrants for the three
months ended March 31, 2013 was a gain of $155.
On
July 2, 2012, the Company issued warrants to purchase a total
of 18,750,000 shares related to the July 2012 Private
Placement (see note 3). These warrants have an exercise price
of $0.384 per share and expire on July 2, 2017 and were
originally valued at $5,053. The foregoing
warrants have certain anti-dilution and exercise price reset
provisions which qualify the warrants to be classified as a
liability under FASB ASC 815. As of March 31,
2013, these warrants were valued at $1,151 under the Black
Sholes valuation model utilizing the following assumptions:
(i) expected life of 4.25 years, (ii) volatility of 152%,
(iii) risk-free interest rate of 0.77%, and (iv) dividend
rate of 0. The change in warrant valuation for
these warrants for the three months ended March 31, 2013 was
a gain of $355.
The
following table summarizes the change in the Company’s
warrant liability as of March 31, 2013:
The
Company had warrants to purchase 65,390,973 and 64,306,189
shares outstanding as of March 31, 2013 and December 31,
2012, respectively. Of these, warrants to purchase
35,611,416 shares were valued and classified as a liability
under FASB ASC 815 (see note 11).
|
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- Definition
The entire disclosure for the fair valuation of outstanding warrants as of the report date calculated using the Black Scholes valuation method. No definition available.
|
Note 9 - Other Long-term Liabilities
|
3 Months Ended |
---|---|
Mar. 31, 2013
|
|
Other Liabilities Disclosure [Text Block] |
9. Other
Long-term Liabilities
Other
long-term liabilities balance was $856 as of March 31, 2013
and December 31, 2012, and consists of long-term, aged
payables to vendors, individuals, and other third parties
that have been outstanding for more than 5
years. The Company is in the process of
researching and resolving the balances for settlement and/or
write-off.
|
X | ||||||||||
- Definition
The entire disclosure for other liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 10 - Stock Compensation Plan
|
3 Months Ended |
---|---|
Mar. 31, 2013
|
|
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] |
10. Stock
Compensation Plan
Under
the Company’s 2002 Equity Incentive Plan which provided
for the grant of stock options to officers, employees,
consultants and directors of the Company and its
subsidiaries, the Company granted options to purchase the
Company’s common stock. All options granted
under this plan had exercise prices that were equal to the
fair market value on the date of grant. During the
three months ended March 31, 2013, the Company did not grant
any options. Under this plan, the Company had grants of
options to purchase 3,342,000 and 3,392,000 shares
outstanding as of March 31, 2013 and December 31, 2012,
respectively.
On
June 28, 2012, the Company adopted the 2012 Equity Incentive
Plan, with the approval of the shareholders, which provided
for the grant of stock options to officers, employees,
consultants and directors of the Company and its
subsidiaries. All options granted under this plan had
exercise prices that were equal to the fair market value on
the dates of grant. During the three months ended
March 31, 2013, the Company granted options to purchase
12,597,500 shares. Under this plan, the Company had grants of
options to purchase 12,807,500 and 330,000 shares outstanding
as of March 31, 2013, and December 31, 2012,
respectively.
|
X | ||||||||||
- Definition
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 11 - Shareholders' Deficit
|
3 Months Ended |
---|---|
Mar. 31, 2013
|
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Stockholders' Equity Note Disclosure [Text Block] |
11.
Shareholders’ Deficit
Common
stock
In
June 2012, the Company issued 30,000,000 shares of common
stock to Visser in connection with the Visser MTA Agreement
(see note 3).
Pursuant
to the terms of the Company’s Senior Convertible Notes
issued in the July 2012 Private Placement, the Company opted
to pay the first eight monthly installment payments due prior
to March 31, 2013 with shares of the Company’s common
stock. As of March 31, 2013, the Company issued 96,963,776
shares of common stock at a weighted average conversion price
of $0.0888 for the first eight installment payments on the
Senior Convertible Notes (see notes 3 and 7).
During
the three months ended March 31, 2013, the holders of the
Company’s Series A Preferred Stock converted all of the
outstanding 506,936 shares of preferred stock into 16,896,070
shares of the Company’s common stock (see
“Preferred stock” below). After giving
effect to such conversion, the Company has no shares of
preferred stock outstanding.
On
February 28, 2013, the Company’s stockholders approved
an amendment to the Certificate of Incorporation of the
Company increasing the number of authorized shares of common
stock from 400 million shares to 500 million shares.
Preferred
stock
On
May 1, 2009, pursuant to a Securities Purchase and Exchange
Agreement, the Company issued 500,000 shares of convertible
Series A-1 Preferred Stock with an original issue price of
$5.00 per share and 2,625,000 shares of Series A-2 Preferred
Stock with an original issue price of $5.00 per share as part
of a financing transaction. In October 2009, the
Company entered into an agreement with various investors to
issue 180,000 shares of Series A-1 Preferred Stock with
identical terms as the Series A-1 Preferred Stock issued on
May 1, 2009.
The
Series A Preferred Stock and any accrued and unpaid dividends
thereon was convertible, at the option of the holder of the
Series A Preferred Stock, into common stock of the Company at
a conversion price of $.10 per share in the case of the
Series A-1 Preferred Stock and a conversion price of $.22 per
share in the case of the Series A-2 Preferred Stock (in both
cases subject to adjustments for any stock dividends, splits,
combinations and similar events).
As
of December 31, 2012, the Company had 506,936 of Series A
Preferred Stock outstanding, representing 105,231 and
401,705 shares of Series A-1 and Series A-2 Preferred
Stock, respectively. Preferred stock as of
December 31, 2012 was $0 due to an insignificant balance,
and Accrued dividends on the Series A Preferred Stock as
of December 31, 2012 was
$222.
During
the three months ended March 31, 2013, all of the holders
of the Company’s Series A Preferred Stock converted
all of the outstanding shares of preferred stock and
accrued dividends into 16,896,070 shares of the
Company’s common stock. Therefore, as of
March 31, 2013, the Company no longer had any Preferred
Stock and the related $222 Accrued dividends were
re-classed to Additional Paid-in Capital as of March 31,
2013.
Warrants
In
connection with the Series A Preferred Stock issuances,
warrants to purchase 29,779,557 shares of the Company’s
common stock were outstanding as of December 31, 2012 and
March 31, 2013. These warrants do not contain
anti-dilution provisions and are reflected as equity as they
do not meet the criteria under FASB ASC 815 for liability
treatment. Warrants classified as equity were
recorded at $18,179 as of December 31, 2012 and March 31,
2013. All of such warrants have an exercise price
of $0.49 and expire on July 15, 2015.
Minority
Interest
The
Company’s Liquidmetal Golf subsidiary has the exclusive
right and license to utilize the Company’s Liquidmetal
alloy technology for purposes of golf equipment applications.
Liquidmetal Technologies owns 79% of the outstanding common
stock in Liquidmetal Golf. The minority interest
for Liquidmetal Golf was insignificant for the three months
ended March 31, 2013 and therefore, is not included in the
consolidated financial statements.
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X | ||||||||||
- Definition
The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 12 - Loss Per Common Share
|
3 Months Ended |
---|---|
Mar. 31, 2013
|
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Earnings Per Share [Text Block] |
12. Loss
Per Common Share
Basic
earnings per share (“EPS”) is computed by
dividing earnings (loss) attributable to common shareholders
by the weighted average number of common shares outstanding
for the periods. Diluted EPS reflects the potential dilution
of securities that could share in the earnings.
Options
to purchase 16,149,500 shares of common stock at prices
ranging from $0.08 to $4.57 per share were outstanding at
March 31, 2013, but were not included in the computation of
diluted EPS for the same period as the inclusion would have
been antidilutive. Warrants to purchase 65,390,973shares of
common stock with prices ranging from $0.20 to $0.49 per
share outstanding at March 31, 2013 were not included in the
computation of diluted EPS for the same period as the
inclusion would have been antidilutive. Shares issuable upon
conversion or installment payments with common stock under
the July 2012 Private Placement Senior Convertible Notes were
not included in the computation of diluted EPS for the same
period because the inclusion would have been antidilutive
(see note 7).
Options
to purchase 3,722,000 shares of common stock at prices
ranging from $0.09 to $5.00 per share were outstanding at
December 31, 2012, but were not included in the computation
of diluted EPS for the same period as the inclusion would
have been antidilutive. Warrants to purchase 64,306,189shares
of common stock with prices ranging from $0.21 to $0.49 per
share outstanding at December 31, 2012 were not included in
the computation of diluted EPS for the same period as the
inclusion would have been antidilutive.
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- Definition
The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 13 - Commitments and Contingencies
|
3 Months Ended |
---|---|
Mar. 31, 2013
|
|
Commitments and Contingencies Disclosure [Text Block] |
13. Commitments
and Contingencies
The
Company leases its office and warehouse facility under a
lease agreement that expires on April 30,
2016. Rent payments are subject to escalations
through the end of the lease term. Rent expense
was $49 and $50 for the three months ended March 31, 2013 and
2012, respectively.
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- Definition
The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 14 - Related Party Transactions
|
3 Months Ended |
---|---|
Mar. 31, 2013
|
|
Related Party Transactions Disclosure [Text Block] |
14. Related
Party Transactions
On
August 5, 2011, the Company signed a Stock Purchase Agreement
(the “Stock Purchase Agreement”) with IMG
Materials Group, LLC (“IMG”), a California
limited liability company which is majority owned by Mr.
Kang, a former Chief Executive Officer and Chairman of the
Company, to sell all of the stock of the Company’s
former Chinese subsidiary, Advanced Metals Materials
(“AMM”) for $720. As part of the
consideration, the Company received a $200 Promissory Note
due August 5, 2012, bearing an interest rate of 8% per annum.
In conjunction with the Stock Purchase Agreement, the Company
also entered into a license agreement (the “IMG License
Agreement”) with IMG to license certain patents and
technical information for the limited purpose of
manufacturing certain licensed products with the
Company’s existing first generation, die cast
machines. The IMG License Agreement granted a
non-exclusive license to certain product categories, as well
as an exclusive license to specific types of consumer eyewear
products and obligated IMG to pay the Company a running
royalty based on its sales of licensed products through
August 5, 2021. The Company recognized $0 and $12
in royalty revenues from IMG during the three months ended
March 31, 2013 and 2012, respectively.
On
December 31, 2012, IMG and the Company signed an amendment to
the IMG License Agreement whereby the $200 Promissory Note
from IMG along with the accrued interest of $21 was forgiven
in exchange for the return of the eyewear license to the
Company. The Company accounted for this
transaction as an exchange of non-monetary assets and
re-classed the $221 to eyewear license fee. While
the Company continues to maintain an active interest in
leveraging the eyewear license for prospective opportunities
in the eyewear industry from both a products and licensing
perspective, the Company determined that there was
insufficient historical market data on the potential license
applications presently available to provide a reasonable
basis to fair value the license and its period of useful
life. Therefore, the Company recognized a $221
impairment loss for accounting purposes for the year ended
December 31, 2012.
During
2012, the Company incurred $2 in legal fees, to defend Mr.
Kang, as the former Representative Director of our Korean
subsidiary, against allegations relating to the
Company’s Korean subsidiary’s involvement in
customs reporting violations in South Korea that allegedly
occurred in 2007 and 2008. The Company had agreed
to reimburse Mr. Kang’s legal fees incurred on this
issue through December 31, 2012.
On
February 1, 2012, Mr. Tony Chung, the Company’s Chief
Financial Officer, converted his 10,000 shares of Series A-1
Preferred Stock into a total of 565,344 shares of the
Company’s common stock, including dividends received in
the form of common stock.
In
February 2013, Mr. Abdi Mahamedi, the Company’s
Chairman, converted his 58,600 shares of Series A-1 Preferred
Stock and 260,710 shares of Series A-2 Preferred Stock into a
total of 10,387,883 shares of the Company’s common
stock, including dividends received in the form of common
stock. Mr. Mahamedi is a greater-than-5%
beneficial owner of the Company.
The
Company has an exclusive license agreement with LLPG, Inc.
(“LLPG”), a corporation owned principally by Jack
Chitayat, former director of the Company. Under
the terms of the agreement, LLPG has the right to
commercialize Liquidmetal alloys, particularly precious-metal
based compositions, in jewelry and high-end luxury product
markets. The Company, in turn, will receive royalty
payments over the life of the contract on all Liquidmetal
products produced and sold by
LLPG. The exclusive license agreement
with LLPG expires on December 31, 2021. There were
no revenues recognized from product sales and licensing fees
from LLPG during 2013 and 2012.
On
February 27, 2013, Mr. Chitayat converted his 28,928 shares
of Series A-1 Preferred Stock and 109,528 shares of Series
A-2 Preferred Stock into a total of 4,626,840 shares of the
Company’s common stock, including dividends received in
the form of common stock. Mr. Chitayat is a greater-than-5%
beneficial owner of the Company.
On
January 17, 2012, February 27, 2012, March 28, 2012 and April
25, 2012, the Company issued 8% unsecured, bridge promissory
notes to Visser Precision Cast, LLC that were due
upon demand in the amounts of $200, $200, $350 and $300,
respectively. The aggregate principal amount of
$1,050 and accrued interest under the bridge promissory notes
were all paid off on June 1, 2012 by utilizing a portion of
the proceeds received under the financing component of the
Visser MTA Agreement (see note 3). Visser is a
greater-than-5% beneficial owner of the
Company.
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- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Accounting Policies, by Policy (Policies)
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Revenue Recognition, Policy [Policy Text Block] | Revenue
Recognition
Revenue
is recognized pursuant to applicable accounting standards
including FASB ASC Topic 605 (“ASC 605”), Revenue
Recognition. ASC 605 summarizes certain points of the SEC
staff’s views in applying generally accepted accounting
principles to revenue recognition in financial statements and
provides guidance on revenue recognition issues in the
absence of authoritative literature addressing a specific
arrangement or a specific industry.
The
Company’s revenue recognition policy complies with the
requirements of ASC 605. Revenue is recognized
when (i) persuasive evidence of an arrangement exists, (ii)
delivery has occurred, (iii) the sales price is fixed or
determinable, (iv) collection is probable and (v) all
obligations have been substantially performed pursuant to the
terms of the arrangement. Revenues primarily consist of the
sales and prototyping of Liquidmetal mold and bulk alloys as
well as licensing and royalties for the use of the
Liquidmetal brand and bulk Liquidmetal
alloys. Revenue is deferred and included in
liabilities when the Company receives cash in advance for
goods not yet delivered or if the licensing term has not
begun.
License
revenue arrangements in general provide for the grant of
certain intellectual property rights for patented
technologies owned or controlled by the Company. These rights
typically include the grant of an exclusive or non-exclusive
right to manufacture and/or sell products covered by patented
technologies owned or controlled by the Company. The
intellectual property rights granted may be perpetual in
nature, extending until the expiration of the related
patents, or can be granted for a defined period of
time.
Licensing
revenues that are one time fees upon the granting of the
license are recognized when (i) the license term begins in a
manner consistent with the nature of the transaction and the
earnings process, (ii) collectability is reasonably assured
or upon receipt of an upfront fee, and (iii) all other
revenue recognition criteria have been
met. Pursuant to the terms of these agreements,
the Company has no further obligation with respect to the
grant of the license. Licensing revenues that are related to
royalties are recognized as the royalties are earned over the
related period. |
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Fair Value Measurement, Policy [Policy Text Block] | Fair
Value Measurements
The
estimated fair values of amounts reported in the consolidated
financial statements have been determined using available
market information and valuation methodologies, as
applicable. The fair value of cash, trade
receivables, prepaid expenses and other current assets,
accounts payable, and accrued liabilities approximate their
carrying value due to their short maturities. The
fair value of non-current assets and liabilities approximate
their carrying value unless otherwise stated. The carry
amounts reported for debt obligations approximate fair value
due to the effective interest rate of these obligations
reflecting the Company’s current borrowing rate.
Fair
value is defined as the exchange price that would be received
for an asset or paid to transfer a liability (an exit price)
in the principal or most advantageous market for the asset or
liability in an orderly transaction between market
participants on the measurement date. Entities are required
to maximize the use of observable inputs and minimize the use
of unobservable inputs when measuring fair value based upon
the following fair value hierarchy:
The
Company has one Level 2 financial instrument, warrants that
are recorded at fair value on a periodic
basis. Warrants are evaluated under the hierarchy
of FASB ASC Subtopic 480-10, FASB ASC
Paragraph 815-25-1 and FASB ASC
Subparagraph 815-10-15-74 addressing embedded
derivatives. The fair value of such warrants is estimated
using the Black-Scholes option pricing model. The foregoing
warrants have certain anti-dilution and exercise price reset
provisions which qualify the warrants to be classified as a
liability under FASB ASC 815 (see note 8).
The
Company has one Level 3 financial instrument, an embedded
derivative that is recorded at fair value on a periodic
basis. The embedded derivative is evaluated under the
hierarchy of FASB ASC Subtopic 480-10, FASB ASC
Paragraph 815-25-1 and FASB ASC
Subparagraph 815-10-15-74 addressing embedded
derivatives. The fair value of such embedded derivative is
estimated using the Monte Carlo simulation model. The
foregoing embedded derivative has certain anti-dilution and
exercise price reset provisions which qualify the embedded
derivative to be classified as a liability under FASB ASC 815
(see note 7).
As
of March 31, 2013, the following table represents the
Company’s fair value hierarchy for items that are
required to be measured at fair value on a recurring
basis:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
New Accounting Pronouncements, Policy [Policy Text Block] | Recent
Accounting Pronouncements
In
June 2011, the FASB issued guidance regarding the
presentation of comprehensive income. The new guidance
eliminates the option to report other comprehensive income
and its components in the statement of changes in
equity. Instead, an entity is required to present either
a continuous statement of net income and other comprehensive
income or two separate but consecutive statements. The
updated guidance is effective on a retrospective basis for
financial statements issued for fiscal years, and interim
periods within those fiscal years, beginning after
December 15, 2011. The Company adopted the guidance
beginning on January 1, 2012.
In
May 2011, the FASB issued additional guidance on fair
value measurements that clarifies the application of existing
guidance and disclosure requirements, changes certain fair
value measurement principles and requires additional
disclosures about fair value measurements. The updated
guidance is effective on a prospective basis for financial
statements issued for fiscal years, and interim periods
within those fiscal years, beginning after December 15,
2011. The Company adopted the guidance beginning
on January 1, 2012.
Other
recent accounting pronouncements issued by the FASB
(including its Emerging Issues Task Force), the AICPA and the
SEC did not or are not believed by management to have a
material impact on the Company's present or future
consolidated financial statements. |
X | ||||||||||
- Definition
Disclosure of accounting policy for fair value measurements, which may include, but is not limited to, how an entity that manages a group of financial assets and liabilities on the basis of its net exposure measures the fair value of those assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Disclosure of the adoption of new accounting pronouncements that may impact the entity's financial reporting. No definition available.
|
X | ||||||||||
- Definition
Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 2 - Basis of Presentation and Recent Accounting Pronouncements (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|
X | ||||||||||
- Definition
Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 7 - Convertible Note and Embedded Conversion Feature Liability (Tables)
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Debt [Table Text Block] |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
X | ||||||||||
- Definition
The tabular disclosure for embedded derivatives and on what basis an embedded derivative was deemed to be separable or inseparable from the host instrument. No definition available.
|
X | ||||||||||
- Definition
Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. No definition available.
|
Note 8 - Warrant Liability (Tables)
|
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2013
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] |
|
X | ||||||||||
- Definition
Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 1 - Description of Business (Detail)
|
9 Months Ended |
---|---|
Sep. 30, 2012
|
|
Percentages of stronger than zirconium titanium Liquidmetal alloys | 250.00% |
X | ||||||||||
- Definition
Represents percentages of stronger than zirconium-titanium Liquidmetal alloys. No definition available.
|
Note 2 - Basis of Presentation and Recent Accounting Pronouncements (Detail) - Fair Value of Items Measured on a Recurring Basis (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2013
|
---|---|
Fair Value, Inputs, Level 2 [Member]
|
|
Warrant liabilities | $ 2,256 |
Fair Value, Inputs, Level 3 [Member]
|
|
Embedded conversion feature liability | $ 2,256 |
X | ||||||||||
- Definition
Fair value as of the balance sheet date of the embedded derivative or group of embedded derivatives classified as a liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents warrants not settleable in cash classified as equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 3 - Significant Transactions (Detail) (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 3 Months Ended | 3 Months Ended | 0 Months Ended | 1 Months Ended | 3 Months Ended | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2013
|
Mar. 31, 2012
|
Dec. 31, 2012
|
Jul. 02, 2012
|
Apr. 25, 2012
|
Jul. 31, 2012
Warrants Part of Additional Paid in Capital [Member]
Convertible Notes Payable [Member]
Private Placement [Member]
|
Mar. 31, 2013
Warrants Part of Additional Paid in Capital [Member]
Visser MTA Agreement [Member]
|
Mar. 31, 2013
Additional Warrants for Anti-Dilution Impact (Member)
Visser MTA Agreement [Member]
|
Mar. 31, 2013
Reduced for anti-dilution impact (Member)
Secured Convertible Promissory [Member]
Visser MTA Agreement [Member]
|
Jul. 02, 2012
Convertible Notes Payable [Member]
Private Placement [Member]
|
Mar. 31, 2013
Convertible Notes Payable [Member]
|
Jul. 02, 2012
Convertible Notes Payable [Member]
|
Mar. 31, 2013
Secured Convertible Promissory [Member]
Visser MTA Agreement [Member]
|
Sep. 30, 2012
Secured Convertible Promissory [Member]
Visser MTA Agreement [Member]
|
Jun. 30, 2012
Unsecured bridge promissory note [Member]
|
Jun. 02, 2012
Unsecured bridge promissory note [Member]
|
Apr. 25, 2012
Unsecured bridge promissory note [Member]
|
Mar. 28, 2012
Unsecured bridge promissory note [Member]
|
Feb. 27, 2012
Unsecured bridge promissory note [Member]
|
Jan. 17, 2012
Unsecured bridge promissory note [Member]
|
Jul. 02, 2012
Private Placement [Member]
July 2, 2012 Private Placement [Member]
|
Jul. 02, 2012
Private Placement [Member]
|
Jul. 31, 2012
Visser MTA Agreement [Member]
|
Mar. 31, 2013
Visser MTA Agreement [Member]
|
Jun. 30, 2012
Visser MTA Agreement [Member]
|
Sep. 30, 2012
Visser MTA Agreement [Member]
|
Mar. 31, 2013
July 2, 2012 Private Placement [Member]
|
|
Debt Instrument, Face Amount | $ 12,000,000 | $ 12,000 | $ 2,000 | $ 1,050 | $ 1,050 | $ 300 | $ 350 | $ 200 | $ 200 | ||||||||||||||||||
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | $ 0.352 | $ 0.0888 | $ 0.352 | ||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | |||||||||||||||||||||
Senior Convertible Notes Arithmetic Average Percentage | 87.50% | ||||||||||||||||||||||||||
Minimum Average Daily Trading Volume During Measurement Period | 250 | ||||||||||||||||||||||||||
Minimum Average Daily Trading Volume During Measurement Period Including Exception | 150 | ||||||||||||||||||||||||||
Common Stock, Shares, Issued (in Shares) | 305,762,752 | 242,074,324 | 96,963,776 | ||||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | 16,861,416 | 15,776,632 | 18,750,000 | 15,000,000 | 16,861,416 | 18,750,000 | |||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Item) | 0.49 | 0.384 | 0.20 | ||||||||||||||||||||||||
Arithmetic average of lowest weighted average prices of common stock | 79.00% | 87.50% | |||||||||||||||||||||||||
Trading days | 20 days | ||||||||||||||||||||||||||
Trading day preceding reset date | 2 days | ||||||||||||||||||||||||||
Stock Issued During Period, Shares, New Issues (in Shares) | 30,000,000 | ||||||||||||||||||||||||||
Sale of Stock, Price Per Share (in Dollars per share) | $ 0.10 | ||||||||||||||||||||||||||
Proceeds from Issuance of Common Stock | 3,000 | ||||||||||||||||||||||||||
Class of Warrant or Right, Unissued (in Shares) | 0.22 | ||||||||||||||||||||||||||
Investment Warrants, Exercise Price (in Dollars per share) | $ 0.22 | $ 0.384 | |||||||||||||||||||||||||
Deferred Finance Costs, Net | 187 | 1,033 | 1,355 | ||||||||||||||||||||||||
Adjustments to Additional Paid in Capital, Warrant Issued | 2,905 | ||||||||||||||||||||||||||
Share Price (in Dollars per share) | $ 0.31 | ||||||||||||||||||||||||||
Manufacturing Contract Costs (in Dollars per share) | $ 0.21 | ||||||||||||||||||||||||||
Operating Expenses | $ 1,550 | $ 1,147 | $ 6,300 |
X | ||||||||||
- Definition
Exercise price of the warrants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Refers to arithmetic average of the ten lowest weighted average prices of the common stock. No definition available.
|
X | ||||||||||
- Definition
Refers to manufacturing contract costs No definition available.
|
X | ||||||||||
- Definition
Refers to minimum average daily trading volume during the Measurement Period. No definition available.
|
X | ||||||||||
- Definition
Refers to Minimum average daily trading volume during the measurement period including Exception. No definition available.
|
X | ||||||||||
- Definition
Refers to senior convertible notes arithmetic Average percentage. No definition available.
|
X | ||||||||||
- Definition
Refers to trading day preceding reset date. No definition available.
|
X | ||||||||||
- Definition
Refers to Trading days. No definition available.
|
X | ||||||||||
- Definition
Increase in additional paid in capital due to warrants issued during the period. Includes also the proceeds of debt securities issued with detachable stock purchase warrants that are allocable to the warrants. These warrants qualify for equity classification and provide the holder with a right to purchase stock from the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The exercise price of each class of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The specified number of securities that each class of warrants or rights outstanding give the holder the right but not the obligation to purchase from the issuer at a specific price, on or before a certain date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of warrants or rights which entitle the entity to receive future services in exchange for the unvested, forfeitable warrants or rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For an unclassified balance sheet, the carrying amount (net of accumulated amortization) as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
X | ||||||||||
- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per share amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Price of a single share of a number of saleable stocks of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 4 - Liquidity and Capital Resources (Detail) (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | ||||
---|---|---|---|---|---|
Mar. 31, 2013
|
Mar. 31, 2012
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Jul. 02, 2012
Visser [Member]
|
|
Net Cash Provided by (Used in) Operating Activities | $ (1,620) | $ (540) | |||
Net Cash Provided by (Used in) Investing Activities | (36) | (35) | |||
Cash and Cash Equivalents, at Carrying Value | 5,506 | 297 | 7,162 | 122 | |
Common Stock, Value, Issued | 306 | 242 | 12,000 | ||
Common Stock, Shares, Issued (in Shares) | 305,762,752 | 242,074,324 | 18,750,000 | ||
Share Price (in Dollars per share) | $ 0.384 | ||||
Outstanding Principal and Accrued Interest, Convertible note | $ 4,000 |
X | ||||||||||
- Definition
Outstanding Principal and Accrued Interest, Convertible note No definition available.
|
X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Price of a single share of a number of saleable stocks of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 5 - Prepaid Expenses and Other Current Assets (Detail) (USD $)
|
3 Months Ended | ||
---|---|---|---|
Mar. 31, 2013
|
Dec. 31, 2012
|
Jul. 02, 2012
|
|
Deferred Finance Costs, Net | $ 187,000 | $ 1,033,000 | |
Deferred issuance costs amortization period | 14 months | ||
Amortization of Deferred Charges | 212,000 | ||
Stock Issuance Costs | $ 399 |
X | ||||||||||
- Definition
Represents period for amortization of deferred issuance costs. No definition available.
|
X | ||||||||||
- Definition
The cash outflow for cost incurred directly with the issuance of an equity security. No definition available.
|
X | ||||||||||
- Definition
The amount of amortization of deferred charges applied against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For an unclassified balance sheet, the carrying amount (net of accumulated amortization) as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 6 - Patents and Trademarks, net (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | ||
---|---|---|---|
Mar. 31, 2013
|
Mar. 31, 2012
|
Dec. 31, 2012
|
|
Intangible Assets, Net (Excluding Goodwill) | $ 840 | $ 869 | |
Amortization of Intangible Assets | $ 33 | $ 38 | |
Minimum [Member]
|
|||
Average Amortization Period, Years | 10 | ||
Maximum [Member]
|
|||
Average Amortization Period, Years | 17 |
X | ||||||||||
- Definition
Average Amortization Period, Years No definition available.
|
X | ||||||||||
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net change in the face value of the embedded conversion feature liability and warrants, charged to earnings. No definition available.
|
X | ||||||||||
- Definition
Convertible note, Outstanding Principal No definition available.
|
X | ||||||||||
- Definition
Value of outstanding derivative securities that permit the holder the right to purchase securities (usually equity) from the issuer at a specified price and the embedded derivative instrument that was separated from its host contract and accounted for as a derivative. No definition available.
|
X | ||||||||||
- Definition
Represents original valuation of additions to embedded derivatives. No definition available.
|
X | ||||||||||
- Definition
Discloses amount of embedded regulatory liabilities within the plant accounts. This may result when the regulatory depreciable life is shorter than the depreciable life generally used for nonregulatory accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Including the current and noncurrent portions, carrying amount of debt identified as being convertible into another form of financial instrument (typically the entity's common stock) as of the balance sheet date, which originally required full repayment more than twelve months after issuance or greater than the normal operating cycle of the company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Description of the payment terms of the debt instrument (for example, whether periodic payments include principal and frequency of payments) and discussion about any contingencies associated with the payment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the required periodic payments including both interest and principal payments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the required periodic payments applied to interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Represents the portion of interest incurred in the period on debt arrangements that was charged against earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares issued during the period as a result of the conversion of convertible securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of outstanding derivative securities that permit the holder the right to purchase securities (usually equity) from the issuer at a specified price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 7 - Convertible Note and Embedded Conversion Feature Liability (Detail) - Convertible Note, Net of Debt Discount (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2013
|
Jul. 02, 2012
|
|
Beginning Balance - December 31, 2012 | $ 12,000 | |
Beginning Balance - December 31, 2012 | 2,365 | |
Ending Balance - March 31, 2013 | 12,000 | |
Ending Balance - March 31, 2013 | 1,833 | |
Amortization | 4,034 | |
Convertible Notes Payable [Member]
|
||
Beginning Balance - December 31, 2012 | 7,000 | |
Beginning Balance - December 31, 2012 | (4,635) | |
Beginning Balance - December 31, 2012 | 2,365 | |
Ending Balance - March 31, 2013 | 4,000 | |
Ending Balance - March 31, 2013 | (2,167) | |
Ending Balance - March 31, 2013 | 1,833 | |
Installment Payments in Shares | (3,000) | |
Amortization | $ 2,468 |
X | ||||||||||
- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Including the current and noncurrent portions, carrying amount of debt identified as being convertible into another form of financial instrument (typically the entity's common stock) as of the balance sheet date, which originally required full repayment more than twelve months after issuance or greater than the normal operating cycle of the company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Including current and noncurrent portions, aggregate carrying amount of long-term borrowings as of the balance sheet date before deducting unamortized discount or premiums (if any). May include notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, which had initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the required periodic payments including both interest and principal payments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 7 - Convertible Note and Embedded Conversion Feature Liability (Detail) - Embedded Derivatives Classified as Embedded Conversion Feature Liability (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2013
|
Dec. 31, 2012
|
|
Beginning Balance - January 1, 2013 | $ 3,934 | |
Ending Balance - March 31, 2013 | 2,256 | 3,934 |
Change in value of embedded conversion feature liability, gain | $ (1,678) |
X | ||||||||||
- Definition
Discloses amount of embedded regulatory assets within the plant accounts. This may result when the regulatory depreciable life is longer than the depreciable life generally used for nonregulatory accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Discloses amount of embedded regulatory liabilities within the plant accounts. This may result when the regulatory depreciable life is shorter than the depreciable life generally used for nonregulatory accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 8 - Warrant Liability (Detail) (USD $)
|
3 Months Ended | 9 Months Ended | 3 Months Ended | 0 Months Ended | |||||
---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2013
|
Dec. 31, 2012
|
Mar. 31, 2013
Visser MTA Agreement [Member]
|
Mar. 31, 2013
Visser MTA Agreement [Member]
|
Jun. 30, 2012
Visser MTA Agreement [Member]
|
Mar. 31, 2013
July 2, 2012 Private Placement [Member]
|
Mar. 31, 2013
Warrants valued as liability [Member]
|
Jul. 02, 2012
Private Placement [Member]
July 2, 2012 Private Placement [Member]
|
Jul. 02, 2012
Private Placement [Member]
|
|
Class of Warrant or Right, Outstanding | 15,000,000 | ||||||||
Investment Warrants, Exercise Price (in Dollars per share) | $ 0.22 | $ 0.384 | |||||||
Original valuation - June & July 2012 (in Dollars) | $ 4,260,000 | $ 5,053,000 | |||||||
Class of warrant or right adjusted exercise price of warrants or rights (in Dollars per Item) | 0.20 | 0.21 | |||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 16,861,416 | 15,776,632 | 35,611,416 | 18,750,000 | |||||
Warrants that were Exercised | 1,105 | 1,151 | |||||||
Fair Value Assumptions, Expected Term | 4 years 62 days | 4 years 3 months | |||||||
Fair Value Assumptions, Expected Volatility Rate | 152.00% | 152.00% | |||||||
Fair Value Assumptions, Risk Free Interest Rate | 0.77% | 0.77% | |||||||
Fair Value Assumptions, Expected Dividend Rate | 0.00% | 0.00% | |||||||
Change in Warrant Valuation, Gain (loss) (in Dollars) | $ 155 | $ 155 | $ 355 | ||||||
Warrants to purchase shares | 65,390,973 | 64,306,189 |
X | ||||||||||
- Definition
Exercise price of the warrants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Change in Warrant Valuation, Gain (loss) No definition available.
|
X | ||||||||||
- Definition
The subsequently adjusted exercise price of each class of warrants or rights outstanding. No definition available.
|
X | ||||||||||
- Definition
Refers to Original valuation - June & July 2012. No definition available.
|
X | ||||||||||
- Definition
Warrants that were Exercised on a cashless basis. No definition available.
|
X | ||||||||||
- Definition
Warrants to purchase shares of Company's Common Stock. No definition available.
|
X | ||||||||||
- Definition
The specified number of securities that each class of warrants or rights outstanding give the holder the right but not the obligation to purchase from the issuer at a specific price, on or before a certain date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate amount of each class of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 8 - Warrant Liability (Detail) - Warrant Liability (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2013
|
Jul. 02, 2012
|
|
Beginning Balance - December 31, 2012 | $ 2,766 | $ 5,053 |
Ending Balance - March 31, 2013 | 2,256 | 5,053 |
Change in value of warrant liability, gain | (510) | |
Visser MTA Agreement [Member]
|
||
Beginning Balance - December 31, 2012 | 1,260 | |
Ending Balance - March 31, 2013 | 1,105 | |
Change in value of warrant liability, gain | (155) | |
July 2, 2012 Private Placement [Member]
|
||
Beginning Balance - December 31, 2012 | 1,506 | |
Ending Balance - March 31, 2013 | 1,151 | |
Change in value of warrant liability, gain | $ (355) |
X | ||||||||||
- Definition
The net change in the difference between the fair value and the carrying value of warrants. No definition available.
|
X | ||||||||||
- Definition
Value of outstanding derivative securities that permit the holder the right to purchase securities (usually equity) from the issuer at a specified price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 9 - Other Long-term Liabilities (Detail) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2013
|
Dec. 31, 2012
|
---|---|---|
Other Liabilities, Noncurrent | $ 856 | $ 856 |
Period for outstanding liability | 5 years |
X | ||||||||||
- Definition
Refers to period for outstanding liability. No definition available.
|
X | ||||||||||
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 10 - Stock Compensation Plan (Detail)
|
3 Months Ended | |
---|---|---|
Mar. 31, 2013
|
Dec. 31, 2012
|
|
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 12,807,500 | 330,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 12,597,500 | |
2002 Equity Incentive Plan [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 3,342,000 | 3,392,000 |
X | ||||||||||
- Definition
Gross number of share options (or share units) granted during the period. No definition available.
|
X | ||||||||||
- Definition
The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 11 - Shareholders' Deficit (Detail) (USD $)
|
1 Months Ended | 3 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 3 Months Ended | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
|
Mar. 31, 2013
|
Feb. 28, 2013
Original Amount (Member)
Certificate of Incorporation (Member)
|
Feb. 28, 2013
New Amount (Member)
Certificate of Incorporation (Member)
|
Apr. 30, 2009
Convertible series A1 Preferred Stock [Member]
|
Apr. 30, 2009
Convertible series A2 Preferred Stock [Member]
|
Jun. 30, 2012
Common Stock [Member]
Visser MTA Agreement [Member]
|
Mar. 31, 2013
Common Stock [Member]
|
Dec. 31, 2012
Warrant [Member]
|
Sep. 30, 2012
Series A Preferred Stock [Member]
|
Mar. 31, 2013
Series A Preferred Stock [Member]
|
Dec. 31, 2012
Series A Preferred Stock [Member]
|
Feb. 28, 2013
Convertible series A1 Preferred Stock [Member]
|
Feb. 28, 2013
Convertible series A1 Preferred Stock [Member]
|
Mar. 31, 2013
Convertible series A1 Preferred Stock [Member]
|
Dec. 31, 2012
Convertible series A1 Preferred Stock [Member]
|
Oct. 31, 2009
Convertible series A1 Preferred Stock [Member]
|
Apr. 30, 2009
Convertible series A1 Preferred Stock [Member]
|
Feb. 28, 2013
Convertible series A2 Preferred Stock [Member]
|
Feb. 28, 2013
Convertible series A2 Preferred Stock [Member]
|
Mar. 31, 2013
Convertible series A2 Preferred Stock [Member]
|
Dec. 31, 2012
Convertible series A2 Preferred Stock [Member]
|
Mar. 31, 2013
July 2012 Private Placement senior convertible note [Member]
|
|
Common Stock, Shares, Issued | 242,074,324 | 305,762,752 | 30,000,000 | ||||||||||||||||||||
number of periodic payments | eight | ||||||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 46,792,358 | 96,963,776 | |||||||||||||||||||||
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | $ 0.0888 | ||||||||||||||||||||||
Conversion of Stock, Shares Converted (in Shares) | 506,936 | 28,928 | 58,600 | 109,528 | 260,710 | ||||||||||||||||||
Convertible Preferred Stock, Shares Issued upon Conversion | 16,896,070 | 16,896,070 | |||||||||||||||||||||
Common Stock, Shares Authorized | 400,000,000 | 500,000,000 | 400,000,000 | 500,000,000 | |||||||||||||||||||
Preferred Stock, Shares Issued | 506,936 | 0 | 2,625,000 | 180,000 | 500,000 | ||||||||||||||||||
Convertible preferred stock conversion price (in Dollars per share) | $ 5.00 | $ 5.00 | $ 0.10 | $ 0.22 | |||||||||||||||||||
Preferred Stock, Shares Outstanding | 506,936 | 0 | 506,936 | 105,231 | 401,705 | ||||||||||||||||||
Preferred Stock, Value, Issued (in Dollars) | $ 0 | ||||||||||||||||||||||
Dividends, Preferred Stock (in Dollars) | 222,000 | ||||||||||||||||||||||
Adjustments to Additional Paid in Capital, Reclassification of Accured Preferred Stock Dividends (in Dollars) | 222 | ||||||||||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 15,776,632 | 16,861,416 | 29,779,557 | ||||||||||||||||||||
Warrants classified equity was reduced (in Dollars) | $ 18,179,000 | ||||||||||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Item) | 0.49 | ||||||||||||||||||||||
Equity Method Investment, Ownership Percentage | 79.00% |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
The price per share of the conversion feature embedded in the convertible preferred stock. No definition available.
|
X | ||||||||||
- Definition
number of periodic payments No definition available.
|
X | ||||||||||
- Definition
Warrants classified equity was reduced. No definition available.
|
X | ||||||||||
- Definition
The exercise price of each class of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The specified number of securities that each class of warrants or rights outstanding give the holder the right but not the obligation to purchase from the issuer at a specific price, on or before a certain date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares issued for each share of convertible preferred stock that is converted. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of aggregate cash, stock, and paid-in-kind dividends declared for preferred shareholders during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The exercise price of each class of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 13 - Commitments and Contingencies (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
---|---|---|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
Operating Leases, Rent Expense, Net | $ 49 | $ 50 |
X | ||||||||||
- Definition
Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Note 14 - Related Party Transactions (Detail) (USD $)
In Thousands, except Share data, unless otherwise specified |
0 Months Ended | 1 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Feb. 28, 2013
|
Feb. 28, 2013
|
Dec. 31, 2012
|
Apr. 25, 2012
|
Jun. 30, 2012
Unsecured bridge promissory note [Member]
|
Jun. 02, 2012
Unsecured bridge promissory note [Member]
|
Apr. 25, 2012
Unsecured bridge promissory note [Member]
|
Mar. 28, 2012
Unsecured bridge promissory note [Member]
|
Feb. 27, 2012
Unsecured bridge promissory note [Member]
|
Jan. 17, 2012
Unsecured bridge promissory note [Member]
|
Aug. 31, 2012
Innovative Materials Group [Member]
|
Aug. 30, 2011
Innovative Materials Group [Member]
|
Mar. 31, 2013
Innovative Materials Group [Member]
|
Mar. 31, 2012
Innovative Materials Group [Member]
|
Aug. 05, 2011
Innovative Materials Group [Member]
|
Dec. 31, 2012
Former Chairman [Member]
|
Feb. 02, 2012
Chief Financial Officer [Member]
Convertible series A1 Preferred Stock [Member]
|
Dec. 31, 2009
Chief Financial Officer [Member]
Convertible series A1 Preferred Stock [Member]
|
Feb. 28, 2013
Convertible series A1 Preferred Stock [Member]
|
Feb. 28, 2013
Convertible series A1 Preferred Stock [Member]
|
Feb. 28, 2013
Convertible series A2 Preferred Stock [Member]
|
Feb. 28, 2013
Convertible series A2 Preferred Stock [Member]
|
Apr. 25, 2012
Unsecured bridge promissory note [Member]
|
Mar. 28, 2012
Unsecured bridge promissory note [Member]
|
Feb. 27, 2012
Unsecured bridge promissory note [Member]
|
Jan. 17, 2012
Unsecured bridge promissory note [Member]
|
|
Sale of Stock, Consideration Received Per Transaction | $ 720 | |||||||||||||||||||||||||
Notes, Loans and Financing Receivable, Gross, Current | 200 | 200 | ||||||||||||||||||||||||
Notes receivable interest rate during period | 8.00% | |||||||||||||||||||||||||
Royalty Revenue | 0 | 12 | ||||||||||||||||||||||||
Debt Instrument, Increase, Accrued Interest | 21 | |||||||||||||||||||||||||
License Costs | 221 | |||||||||||||||||||||||||
Asset Impairment Charges | 221 | |||||||||||||||||||||||||
Legal Fees | 2 | |||||||||||||||||||||||||
Conversion of Stock, Shares Converted (in Shares) | 10,000 | 28,928 | 58,600 | 109,528 | 260,710 | |||||||||||||||||||||
Conversion of Stock, Shares Issued (in Shares) | 4,626,840 | 10,387,883 | 565,344 | |||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | ||||||||||||||||||
Debt Instrument, Face Amount | $ 1,050 | $ 1,050 | $ 300 | $ 350 | $ 200 | $ 200 |
X | ||||||||||
- Definition
The effective interest rate during the reporting period. No definition available.
|
X | ||||||||||
- Definition
The charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of new shares issued in the conversion of stock in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Increase for accrued, but unpaid interest on the debt instrument for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Costs incurred and are directly related to generating license revenue. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date(s) within one year of the balance sheet date or the normal operating cycle, whichever is longer. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Revenue earned during the period from the leasing or otherwise lending to a third party the entity's rights or title to certain property. Royalty revenue is derived from a percentage or stated amount of sales proceeds or revenue generated by the third party using the entity's property. Examples of property from which royalties may be derived include patents and oil and mineral rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of consideration received by subsidiary or equity investee in exchange for shares of stock issued or sold. Includes amount of cash received, fair value of noncash assets received, and fair value of liabilities assumed by the investor. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|