0001437749-22-020149 | 10-Q | XBRL Viewer | Liquidmetal Technologies INC

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

11. Accrued Liabilities

Accrued liabilities totaled $245 and $246 as of June 30, 2022 and December 31, 2021, respectively. Included within these totals are the following:

	June 30		December 31,
	2022		2021

Accrued payroll, vacation, and bonuses	$	118	$	111
Accrued severance		56		56
Accrued audit fees		71		79
Total	$	245	$	246

Note 7 - Inventory - Schedule of Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Work in progress	$ 32	$ 35
Finished goods	0	0
Total	$ 32	$ 35

Note 18 - Related Party Transactions	6 Months Ended
Jun. 30, 2022
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	18. Related Party Transactions On March 10, 2016, the Company entered into a Securities Purchase Agreement (the “2016 Purchase Agreement”) with Liquidmetal Technology Limited, a Hong Kong company (the “Investor”), which is controlled by the Company’s Chairman, Professor Li. The 2016 Purchase Agreement provided for the purchase by the Investor of a total of 405,000,000 shares of the Company’s common stock for an aggregate purchase price of $63,400. In relation to the foregoing investment, the Company issued to the Investor a warrant to acquire 10,066,809 shares of common stock at an exercise price of $0.07 per share. The warrant will expire on the tenth anniversary of its issuance date. On March 20, 2016, in connection with the 2016 Purchase Agreement, the Company and Eontec, entered into a cross-license agreement to share their respective technologies. Eontec is a publicly held Hong Kong corporation of which Professor Li is the Chairman and major shareholder. Eontec is also an affiliate of Yihao. Yihao is currently the Company’s primary outsourced manufacturer. As of June 30, 2022, Professor Li is a greater-than 5% beneficial owner of the Company and serves as the Company’s Chairman. Equipment and services procured from Eontec, and their affiliates, were $63 and $155 during the three and six months ended June 30, 2022, respectively. Equipment and services procured from Eontec, and their affiliates, were $152 and $273 during the three and six months ended June 30, 2021, respectively. On May 10, 2022, Mr. Abdi Mahamedi resigned as a director of the Company. Mr. Mahamedi did not resign because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. In connection with Mr. Mahamedi’s resignation, the Board of Directors of the Company approved an amendment to Mr. Mahamedi’s previously granted options to purchase an aggregate of 1,870,000 shares of Company common stock to provide for the extension of the exercise period of the options through May 10, 2025. Upon Mr. Mahamedi’s resignation as a director, the Company entered into a Consulting Agreement, dated May 10, 2022, with Rosewood LLC pursuant to which Mr. Mahamedi as the owner of Rosewood LLC will assess and present business opportunities for the licensing and sublicensing of the Company’s technology. Mr. Mahamedi will also provide business development services and perform other special projects as requested by the Company. The Consulting Agreement has a term of 5 years, subject to the right of the Company or Mr. Mahamedi to terminate the agreement at any time after December 1, 2022 and subject to certain other early-termination rights. As sole consideration for the Consulting Agreement, the Company granted to Mr. Mahamedi an option to purchase up to 2.0 million shares of Company common stock at an exercise price of the closing market price of the Company’s common stock on May 10, 2022 that will vest 33% on the first anniversary of the grant date and the remainder vesting monthly over the ensuing two years, provided that Mr. Mahamedi continues to be engaged as a consultant on each such vesting date. The options have a term of 5 years.

Note 18 - Related Party Transactions

6 Months Ended

Jun. 30, 2022

18. Related Party Transactions

On March 10, 2016, the Company entered into a Securities Purchase Agreement (the “2016 Purchase Agreement”) with Liquidmetal Technology Limited, a Hong Kong company (the “Investor”), which is controlled by the Company’s Chairman, Professor Li. The 2016 Purchase Agreement provided for the purchase by the Investor of a total of 405,000,000 shares of the Company’s common stock for an aggregate purchase price of $63,400. In relation to the foregoing investment, the Company issued to the Investor a warrant to acquire 10,066,809 shares of common stock at an exercise price of $0.07 per share. The warrant will expire on the tenth anniversary of its issuance date.

On March 20, 2016, in connection with the 2016 Purchase Agreement, the Company and Eontec, entered into a cross-license agreement to share their respective technologies. Eontec is a publicly held Hong Kong corporation of which Professor Li is the Chairman and major shareholder. Eontec is also an affiliate of Yihao. Yihao is currently the Company’s primary outsourced manufacturer. As of June 30, 2022, Professor Li is a greater-than 5% beneficial owner of the Company and serves as the Company’s Chairman. Equipment and services procured from Eontec, and their affiliates, were $63 and $155 during the three and six months ended June 30, 2022, respectively. Equipment and services procured from Eontec, and their affiliates, were $152 and $273 during the three and six months ended June 30, 2021, respectively.

On May 10, 2022, Mr. Abdi Mahamedi resigned as a director of the Company. Mr. Mahamedi did not resign because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. In connection with Mr. Mahamedi’s resignation, the Board of Directors of the Company approved an amendment to Mr. Mahamedi’s previously granted options to purchase an aggregate of 1,870,000 shares of Company common stock to provide for the extension of the exercise period of the options through May 10, 2025.

Upon Mr. Mahamedi’s resignation as a director, the Company entered into a Consulting Agreement, dated May 10, 2022, with Rosewood LLC pursuant to which Mr. Mahamedi as the owner of Rosewood LLC will assess and present business opportunities for the licensing and sublicensing of the Company’s technology. Mr. Mahamedi will also provide business development services and perform other special projects as requested by the Company. The Consulting Agreement has a term of 5 years, subject to the right of the Company or Mr. Mahamedi to terminate the agreement at any time after December 1, 2022 and subject to certain other early-termination rights. As sole consideration for the Consulting Agreement, the Company granted to Mr. Mahamedi an option to purchase up to 2.0 million shares of Company common stock at an exercise price of the closing market price of the Company’s common stock on May 10, 2022 that will vest 33% on the first anniversary of the grant date and the remainder vesting monthly over the ensuing two years, provided that Mr. Mahamedi continues to be engaged as a consultant on each such vesting date. The options have a term of 5 years.

Note 6 - Prepaid Expenses and Other Current Assets (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Prepaid Expenses and Other Current Assets [Table Text Block]

	June 30,		December 31,
	2022		2021

Prepaid service invoices	$	72	$	110
Prepaid insurance premiums		66		265
Prepaid lease costs and receivables- short term		24		22
Interest and other receivables		100		108
Total	$	262	$	505

Note 6 - Prepaid Expenses and Other Current Assets (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Prepaid Expense and Other Assets, Current	$ 262	$ 505
Prepaid Broker Commission	19
Allocated Unity Cost [Member]
Receivables, Net, Current, Total	$ 5

Note 2 - Basis of Presentation and Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2022

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 and six months ended June 30, 2022 and June 30, 2021 have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q. Accordingly, they do not include all of the information and notes required by US GAAP 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 in consolidation. Operating results for the three and six months ended June 30, 2022 are not necessarily indicative of the results that may be expected for any future periods or the year ending December 31, 2022. The accompanying unaudited consolidated financial statements should be read in conjunction with the Company's 2021 Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 29, 2022.

Investments in Debt Securities

The Company will invest excess funds to maximize investment yield, while maintaining liquidity and minimizing credit risk. Debt securities are carried at fair value and consist primarily of investments in obligations of the United States Treasury, various U.S. and foreign corporations, and certificates of deposits. The Company classifies its investments in debt securities as available-for-sale with all unrealized gains or losses included as part of other comprehensive income. The Company evaluates its debt securities with unrealized losses on a quarterly basis for potential other-than-temporary impairments in value. As a result of this assessment, the Company did not recognize any other-than-temporary impairment losses considered to be credit related for the three and six months ended June 30, 2022 and 2021.

Fair Value Measurements

The estimated fair values of financial instruments reported in the consolidated financial statements have been determined using available market information and valuation methodologies, as applicable. The fair value of cash and restricted cash approximate their carrying value due to their short maturities and are classified as Level 1 instruments within the fair value hierarchy.

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:

Level 1 —

Quoted prices in active markets for identical assets or liabilities;

Level 2 —

Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and

Level 3 —

Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

As of June 30, 2022, 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:

	Fair Value		Level 1		Level 2		Level 3

Investments in debt securities (short-term)	$	13,186	$	10,111	$	3,075	$	-
Investments in debt securities (long-term)		9,134		2,389		6,745		-

As of December 31, 2021, 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:

	Fair Value		Level 1		Level 2		Level 3

Investments in debt securities (short-term)	$	13,852	$	10,138	$	3,714	$	-
Investments in debt securities (long-term)		8,267		199		8,068		-

Leases

The Company leases its manufacturing facility under a long-term contract, which is accounted for as an operating lease. The lease provides for a fixed base rent and variable payments comprised of reimbursements for property taxes, insurance, utilities, and common area maintenance. The lease has a term of sixty-two months, exclusive of options to renew. In accordance with ASC 842, Leases, lease income, which includes escalating rents over the term of the lease, is recorded on a straight-line basis over the expected lease term. The difference between lease income and payments received is recorded as a rent receivable, which is included as a prepaid expense in the consolidated balance sheets. Amounts paid for broker commissions represent prepaid direct lease costs, and will be amortized as an off-set to lease income over the lease term.

Other Recent Pronouncements

Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) 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.

Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Investment, Policy [Policy Text Block]

Investments in Debt Securities

Fair Value Measurement, Policy [Policy Text Block]

Fair Value Measurements

Level 1 —

Quoted prices in active markets for identical assets or liabilities;

Level 2 —

Level 3 —

Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

As of June 30, 2022, 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:

	Fair Value		Level 1		Level 2		Level 3

Investments in debt securities (short-term)	$	13,186	$	10,111	$	3,075	$	-
Investments in debt securities (long-term)		9,134		2,389		6,745		-

As of December 31, 2021, 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:

	Fair Value		Level 1		Level 2		Level 3

Investments in debt securities (short-term)	$	13,852	$	10,138	$	3,714	$	-
Investments in debt securities (long-term)		8,267		199		8,068		-

Lessee, Leases [Policy Text Block]

Leases

New Accounting Pronouncements, Policy [Policy Text Block]

Other Recent Pronouncements

Note 7 - Inventory (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Inventory, Current [Table Text Block]

	June 30,		December 31,
	2022		2021

Work in progress	$	32	$	35
Finished goods		-		-
Total	$	32	$	35

Note 14 - Facility Lease (Tables)

6 Months Ended

Jun. 30, 2022

Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity [Table Text Block]

Year	Base Rents

2022 (remaining six months)	$	244
2023		651
2024		699
2025		237
2026		-
Thereafter		-
	$	1,831

Note 2 - Basis of Presentation and Recent Accounting Pronouncements (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Impairment, Long-Lived Asset, Held-for-Use, Total	$ 0	$ 0	$ 0	$ 0
Lessor, Operating Lease, Term of Contract (Year)	62 years		62 years

Note 2 - Basis of Presentation and Recent Accounting Pronouncements (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	Fair Value		Level 1		Level 2		Level 3

Investments in debt securities (short-term)	$	13,186	$	10,111	$	3,075	$	-
Investments in debt securities (long-term)		9,134		2,389		6,745		-

	Fair Value		Level 1		Level 2		Level 3

Investments in debt securities (short-term)	$	13,852	$	10,138	$	3,714	$	-
Investments in debt securities (long-term)		8,267		199		8,068		-

Note 17 - Loss Per Common Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Text Block]

17. 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 applicable period. Diluted EPS reflects the potential dilution of securities that could share in the earnings.

Options to purchase 26,615,667 shares of common stock, at prices ranging from $0.07 to $0.38 per share, were outstanding at June 30, 2022, but were not included in the computation of diluted EPS for the same period as the inclusion would have been antidilutive, given the Company’s net loss. Warrants to purchase 10,066,809 shares of common stock, with a price of $0.07 per share, outstanding at June 30, 2022, were not included in the computation of diluted EPS for the same period as the inclusion would have been antidilutive, given the Company’s net loss.

Options to purchase 17,950,859 shares of common stock, at prices ranging from $0.07 to $0.38 per share, were outstanding at June 30, 2021, but were not included in the computation of diluted EPS for the same period as the inclusion would have been antidilutive, given the Company’s net loss. Warrants to purchase 10,066,809 shares of common stock, with a price of $0.07 per share, outstanding at June 30, 2021, were not included in the computation of diluted EPS for the same period as the inclusion would have been antidilutive, given the Company’s net loss.

Note 4 - Investments in Debt Securities - Amortized Cost and Fair Value of Investments in Debt Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Investment in debt securities, amortized cost	$ 22,669	$ 18,962
Investment in debt securities, fair value	22,320	18,899
US Treasury and Government [Member]
Investment in debt securities, amortized cost	9,307	7,327
Investment in debt securities, fair value	9,270	7,323
Corporate Debt Securities [Member]
Investment in debt securities, amortized cost	13,112	11,635
Investment in debt securities, fair value	12,800	11,576
Certificates of Deposit [Member]
Investment in debt securities, amortized cost	250	0
Investment in debt securities, fair value	$ 250	$ 0

Note 3 - Significant Transactions (Details Textual)	Jan. 13, 2022	Jan. 12, 2022	Jan. 31, 2020	Feb. 16, 2017 USD ($) ft²	Jun. 30, 2022	Dec. 31, 2021	Jan. 23, 2020 USD ($) ft²
Area of Land (Square Foot) \| ft²				41,000
Lessor, Operating Lease, Term of Contract (Year)					62 years
Royalty Fee, Percentage of Net Sales	3.00%
Liquidmetal Golf [Member]
Noncontrolling Interest, Ownership Percentage by Parent						79.00%
Light Industrial and Office Building [Member]
Area of Real Estate Property (Square Foot) \| ft²							32,534
Lessor, Operating Lease, Term of Contract (Year)							62 months
Lessor, Operating Lease Receivable, Per Month Initially							$ 32,534
Lessor, Operating Lease Receivable Per Month Maximum							$ 54,000
Percentage of Common Operating Expresses							79.00%
Lessee, Operating Lease, Extend Term of Contract (Month)							60 months
Yihao [Member]
Manufacturing Agreement, Term (Year)		5 years
Valencia Circle, LLC [Member]
Payments to Acquire Buildings				$ 7,818,000
Eutectix [Member]
Business Development Agreement, Royalty Percentage			6.00%
Business Development Agreement, Term (Year)			5 years
ATJ [Member]
Sublicense Agreement, Term (Year)	3 years

Note 8 - Property and Equipment - Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Property and equipment, gross	$ 11,237	$ 11,237
Accumulated depreciation	(3,100)	(2,924)
Total property and equipment, net	8,137	8,295
Land, Buildings and Improvements [Member]
Property and equipment, gross	9,610	9,610
Machinery and Equipment [Member]
Property and equipment, gross	1,304	1,304
Computer Equipment [Member]
Property and equipment, gross	272	272
Office Equipment, Furnishings and Improvements [Member]
Property and equipment, gross	$ 51	$ 51

Note 11 - Accrued Liabilities (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Accrued Liabilities [Table Text Block]

	June 30		December 31,
	2022		2021

Accrued payroll, vacation, and bonuses	$	118	$	111
Accrued severance		56		56
Accrued audit fees		71		79
Total	$	245	$	246

Note 7 - Inventory (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Inventory, Net, Total	$ 32	$ 35

Note 16 - Accumulated Other Comprehensive Income ("AOCI") - Summary of Changes in AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Balance	$ 33,670	$ 36,690	$ 34,292	$ 37,390
Other comprehensive income, net of tax	(75)	26	(285)	(90)
Balance	33,034	36,191	33,034	36,191
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Including Noncontrolling Interest [Member]
Balance	(272)	0	(62)	116
Other comprehensive income/ loss before reclassifications	(75)	26	(285)	(90)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Other comprehensive income, net of tax	(75)	26	(285)	(90)
Balance	(347)	26	(347)	26
AOCI Attributable to Parent [Member]
Balance	(272)	0	(62)	116
Other comprehensive income/ loss before reclassifications	(75)	26	(285)	(90)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Other comprehensive income, net of tax	(75)	26	(285)	(90)
Balance	$ (347)	$ 26	$ (347)	$ 26

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating activities:
Net loss	$ (1,282)	$ (1,316)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	175	194
Stock-based compensation	97	207
Changes in operating assets and liabilities:
Trade accounts receivable	113	87
Inventory	3	(118)
Prepaid expenses and other current assets	243	233
Other assets and liabilities	(20)	(29)
Accounts payable and accrued liabilities	(76)	(23)
Deferred revenue	(15)	41
Net cash used in operating activities	(762)	(724)
Investing Activities:
Purchases of debt securities	(11,738)	(10,722)
Proceeds from sales of debt securities	11,252	20,857
Net cash provided (used in) by investing activities	(486)	10,135
Financing Activities:
Common stock issuance	212	0
Net cash provided by financing activities	212	0
Net increase (decrease) in cash, cash equivalents, and restricted cash	(1,036)	9,411
Cash, cash equivalents, and restricted cash at beginning of period	4,096	1,519
Cash, cash equivalents, and restricted cash at end of period	$ 3,060	$ 10,930

Note 11 - Accrued Liabilities (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accrued Liabilities, Current, Total	$ 245	$ 246

Note 15 - Consolidated Statements of Changes in Equity

6 Months Ended

Jun. 30, 2022

Stockholders' Equity Note Disclosure [Text Block]

15. Consolidated Statements of Changes in Equity

The following table provides the Company’s changes in equity for the three months ended June 30, 2022:

	Preferred Shares		Common Shares		Common Stock		Warrants part of Additional Paid-in Capital		Additional Paid-in Capital		Accumulated Deficit			Accumulated Other Comprehensive Income			Non- Controlling Interest			Total
Balance, March 31, 2022		-		917,285,149	$	917	$	18,179	$	287,893	$	(272,970	)	$	(272	)	$	(77	)	$	33,670

Stock-based compensation										54											54

Net loss												(614	)					(1	)		(615	)
Other comprehensive income															(75	)					(75	)

Balance, June 30, 2022		-		917,285,149	$	917	$	18,179	$	287,947	$	(273,584	)	$	(347	)	$	(78	)	$	33,034

The following table provides the Company’s changes in equity for the six months ended June 30, 2022:

	Preferred Shares		Common Shares		Common Stock		Warrants part of Additional Paid-in Capital		Additional Paid-in Capital		Accumulated Deficit			Accumulated Other Comprehensive Income			Non- Controlling Interest			Total
Balance, December 31, 2021		-		914,449,957	$	914	$	18,179	$	287,641	$	(272,303	)	$	(62	)	$	(77	)	$	34,292

Common stock issuance				2,835,192		3				209											212
Stock-based compensation										97											97

Net loss												(1,281	)					(1	)		(1,282	)
Other comprehensive loss															(285	)					(285	)

Balance, June 30, 2022		-		917,285,149	$	917	$	18,179	$	287,947	$	(273,584	)	$	(347	)	$	(78	)	$	33,034

The following table provides the Company’s changes in equity for the three months ended June 30, 2021:

	Preferred Shares		Common Shares		Common Stock		Warrants part of Additional Paid-in Capital		Additional Paid-in Capital		Accumulated Deficit			Accumulated Other Comprehensive Income		Non- Controlling Interest			Total
Balance, March 31, 2021		-		914,449,957	$	914	$	18,179	$	287,290	$	(269,617	)	$	-	$	(76	)	$	36,690

Stock-based compensation										100										100

Net loss												(624	)				(1	)		(625	)
Other comprehensive income															26					26

Balance, June 30, 2021		-		914,449,957	$	914	$	18,179	$	287,390	$	(270,241	)	$	26	$	(77	)	$	36,191

The following table provides the Company’s changes in equity for the six months ended June 30, 2021:

	Preferred Shares		Common Shares		Common Stock		Warrants part of Additional Paid-in Capital		Additional Paid-in Capital		Accumulated Deficit			Accumulated Other Comprehensive Income			Non- Controlling Interest			Total
Balance, December 31, 2020		-		914,449,957	$	914	$	18,179	$	287,183	$	(268,926	)	$	116		$	(76	)	$	37,390

Stock-based compensation										207											207

Net loss												(1,315	)					(1	)		(1,316	)
Other comprehensive loss															(90	)					(90	)

Balance, June 30, 2021		-		914,449,957	$	914	$	18,179	$	287,390	$	(270,241	)	$	26		$	(77	)	$	36,191

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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Note 13 - Stock Compensation Plan

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Text Block]

13. Stock Compensation Plans

On June 28, 2012, the Company adopted the 2012 Equity Incentive Plan (“2012 Plan”), with the approval of the shareholders, which provides for the grant of stock options to officers, employees, consultants, and directors of the Company and its subsidiaries. The 2012 Plan provides for the granting to employees of incentive stock options within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended, and for the granting to employees and consultants of non-statutory stock options. In addition, the Plan permits the granting of stock appreciation rights, or SARs, with or independently of options, as well as stock bonuses and rights to purchase restricted stock. A total of 30,000,000 shares of the Company’s common stock may be granted under the 2012 Plan, and all options granted under the 2012 Plan had exercise prices that were equal to the fair market value on the date of grant. Under this plan, the Company had outstanding grants of options to purchase 5,674,000 and 7,009,192 shares of the Company’s common stock as of June 30, 2022 and December 31, 2021, respectively.

On January 27, 2015, the Company adopted its 2015 Equity Incentive Plan (“2015 Plan”), which provided for the grant of stock options to officers, employees, consultants, and directors of the Company and its subsidiaries. A total of 40,000,000 shares of the Company’s common stock are available for issuance under the 2015 Plan. All options granted under the 2015 Plan had exercise prices that were equal to the fair market value on the dates of grant. Under this plan, the Company had outstanding grants of options to purchase 20,941,667 and 20,441,667 shares of the Company’s common stock as of June 30, 2022 and December 31, 2021, respectively.

Stock based compensation expense attributable to these plans was $54 and $97 for the three and six months ended June 30, 2022, respectively. This compares to $100 and $207 for the three and six months ended June 30, 2021, respectively.

Note 10 - Other Assets (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other Assets, Total	$ 329	$ 306
Unamortized Prepaid Broker Commissions	35
Prepaid Rent Noncurrent	$ 280

Note 10 - Other Assets - Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other Assets	$ 329	$ 306
Utility Deposits [Member]
Other Assets	14	14
Prepaid Lease Costs and Long-term Receivables [Member]
Other Assets	$ 315	$ 292

Note 12 - Other Long-term Liabilities (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Other Liabilities, Noncurrent	$ 902	$ 899
Loans Payable, Noncurrent, Total	$ 856
Period for Outstanding Liability (Year)	5 years
Lease Deposit Liability	$ 43	$ 43
Tenant Deposits	$ 3

Note 1 - Description of Business

6 Months Ended

Jun. 30, 2022

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 alloys technology. The Company designs, develops, and sells products and custom parts from bulk amorphous alloys to customers in a wide range of industries. The Company also partners with third-party manufacturers and licensees to develop and commercialize Liquidmetal alloy products.

Amorphous alloys are, in general, unique materials that are distinguished by their ability to retain a random atomic structure when they solidify, in contrast to the crystalline atomic structure that forms 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 will 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. The Company believes that the alloys and the molding technologies it employs may result in components, for many applications, that exhibit: exceptional dimensional control and repeatability that rivals precision machining, excellent corrosion resistance, brilliant surface finish, high strength, high hardness, high elastic limit, alloys that are non-magnetic, and the ability to form complex shapes common to the injection molding of plastics. Interestingly, all of these characteristics are achievable from the molding process, so design engineers often do not have to select specific alloys to achieve one or more of the characteristics as is the case with crystalline materials. 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 wide 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 to customers who produce medical devices, automotive assemblies, sports and leisure goods, and non-consumer electronic devices, 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. The Company expects that these sources of revenue will continue to significantly change the character of the Company’s revenue mix.

Note 6 - Prepaid Expenses and Other Current Assets

6 Months Ended

Jun. 30, 2022

Prepaid Expenses and Other Current Assets [Text Block]

6. Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets totaled $262 and $505 as of June 30, 2022 and December 31, 2021, respectively. Included within these totals are the following:

	June 30,		December 31,
	2022		2021

Prepaid service invoices	$	72	$	110
Prepaid insurance premiums		66		265
Prepaid lease costs and receivables- short term		24		22
Interest and other receivables		100		108
Total	$	262	$	505

As of June 30, 2022, prepaid lease costs and receivables- short term are comprised of $19 in prepaid broker commissions that are expected to be amortized within the next twelve months and $5 in receivables for allocated utility costs.

Note 4 - Investments in Debt Securities

6 Months Ended

Jun. 30, 2022

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

4. Investments in Debt Securities

The following table sets forth amortized cost fair value, and unrealized gains (losses) of investments in debt securities (short-term and long-term):

		Amortized Cost				Fair Value
	*Longest*	*June 30,*		*December 31,*		*June 30,*		*December 31,*
	*Maturity Date*	*2022*		*2021*		*2022*		*2021*

U.S. government and agency securities	2024		9,307		7,327		9,270		7,323
Corporate bonds	2024		13,112		11,635		12,800		11,576
Certificates of deposit	One-year		250		-		250		-
			22,669		18,962		22,320		18,899

Loss from these investments totaled $5 and $0 during the three and six months ended June 30, 2022, respectively. Income from these investments totaled $41 and $102 during the three and six months ended June 30, 2021, respectively. Such amounts are included as a portion of interest and investment income on the Company’s consolidated statements of operations.

Based on the Company’s review of its debt securities that are individually in an unrealized loss position at June 30, 2022, it determined that the losses were primarily the result current economic factors, impacting all global debt and equity markets, that are the result of global macro events. The impact to the Company’s investment portfolio is considered to be temporary, rather than a deterioration of overall credit quality. As of June 30, 2022, all investments are current on their schedule interest and dividend payments. The Company does not intend to sell and it is not more likely than not that the Company will be required to sell these securities prior to recovering their amortized cost. As such, the Company does not consider these securities to be other-than-temporarily impaired at June 30, 2022.

Note 13 - Stock Compensation Plan (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Jan. 27, 2015
Share-Based Payment Arrangement, Expense	$ 54	$ 100	$ 97	$ 207
Equity Incentive Plan 2012 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)	30,000,000		30,000,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)	5,674,000		5,674,000		7,009,192
Equity Incentive Plan 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)						40,000,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)	20,941,667		20,941,667		20,441,667

Note 12 - Other Long-term Liabilities

6 Months Ended

Jun. 30, 2022

Other Liabilities Disclosure [Text Block]

12. Other Long-Term Liabilities

Other long-term liabilities were $902 as of June 30, 2022 and $899 as of December 31, 2021, and consisted primarily of $856 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 escheatment in accordance with applicable state law. Included in the balance for June 30, 2022 is $43 in tenant deposits and $3 credit for ConMed Corporation. Included in the balance for December 31, 2021 is $43 in tenant deposits.

Note 10 - Other Assets (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Other Assets, Noncurrent [Table Text Block]

	June 30,		December 31,
	2022		2021

Utility deposits	$	14	$	14
Prepaid lease costs and receivables- long term		315		292
Total	$	329	$	306

Note 8 - Property and Equipment (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Selling, General and Administrative Expenses [Member]
Depreciation, Total	$ 79	$ 80	$ 158	$ 160

Note 8 - Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Table Text Block]

	June 30,			December 31,
	2022			2021

Land, building, and improvements	$	9,610		$	9,610
Machinery and equipment		1,304			1,304
Computer equipment		272			272
Office equipment, furnishings, and improvements		51			51
Total		11,237			11,237
Accumulated depreciation		(3,100	)		(2,924	)
Total property and equipment, net	$	8,137		$	8,295

Note 6 - Prepaid Expenses and Other Current Assets - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Prepaid service invoices	$ 72	$ 110
Prepaid insurance premiums	66	265
Prepaid lease costs and receivables- short term	24	22
Interest and other receivables	100	108
Total	$ 262	$ 505

Consolidated Statements of Operations (Unaudited) - USD ($) $ / shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue
Revenues	$ 125	$ 243	$ 288	$ 315
Cost of sales	84	154	228	209
Gross profit	41	89	60	106
Operating expenses
Selling, marketing, general and administrative	771	849	1,575	1,728
Research and development	17	38	27	60
Total operating expenses	788	887	1,602	1,788
Operating loss	(747)	(798)	(1,542)	(1,682)
Lease income	132	132	265	264
Interest and investment income (loss)	0	41	(5)	102
Loss before income taxes	(615)	(625)	(1,282)	(1,316)
Income taxes	0	0	0	0
Net loss	(615)	(625)	(1,282)	(1,316)
Net loss attributable to non-controlling interest	1	1	1	1
Net loss attributable to Liquidmetal Technologies shareholders	$ (614)	$ (624)	$ (1,281)	$ (1,315)
Per common share basic and diluted:
Net loss per common share attributable to Liquidmetal Technologies shareholders, basic and diluted (in dollars per share)	$ (0)	$ (0)	$ (0)	$ (0)
Number of weighted average shares - basic and diluted (in shares)	917,285,149	914,449,957	916,812,617	914,449,957
Product [Member]
Revenue
Revenues	$ 103	$ 231	$ 266	$ 294
License [Member]
Revenue
Revenues	$ 22	$ 12	$ 22	$ 21

Note 5 - Trade Accounts Receivable (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	June 30,		December 31,
	2022		2021
Trade accounts receivable	$	34	$	147
Less: Allowance for doubtful accounts		-		-
Trade accounts receivable	$	34	$	147

Note 4 - Investments in Debt Securities (Tables)

6 Months Ended

Jun. 30, 2022

Debt Securities, Available-for-Sale [Table Text Block]

		Amortized Cost				Fair Value
	*Longest*	*June 30,*		*December 31,*		*June 30,*		*December 31,*
	*Maturity Date*	*2022*		*2021*		*2022*		*2021*

U.S. government and agency securities	2024		9,307		7,327		9,270		7,323
Corporate bonds	2024		13,112		11,635		12,800		11,576
Certificates of deposit	One-year		250		-		250		-
			22,669		18,962		22,320		18,899

Note 16 - Accumulated Other Comprehensive Income (Loss) ("AOCI")

6 Months Ended

Jun. 30, 2022

Comprehensive Income (Loss) Note [Text Block]

16. Accumulated Other Comprehensive Income (Loss) (“AOCI”)

The following table presents a summary of the changes in each component of AOCI for the three months ended June 30, 2022:

	Unrealized gains (losses) on available-for-sale securities			Total
Accumulated other comprehensive income (loss), net of tax, as of March 31, 2022	$	(272	)	$	(272	)

Other comprehensive loss before reclassifications		(75	)		(75	)
Amounts reclassified from accumulated other comprehensive income (loss)		-			-

Net increase in other comprehensive income (loss)		(75	)		(75	)
Accumulated other comprehensive income (loss), net of tax, as of June 30, 2022	$	(347	)	$	(347	)

The following table presents a summary of the changes in each component of AOCI for the six months ended June 30, 2022:

	Unrealized gains (losses) on available-for-sale securities			Total
Accumulated other comprehensive income (loss), net of tax, as of December 31, 2021	$	(62	)	$	(62	)

Other comprehensive loss before reclassifications		(285	)		(285	)
Amounts reclassified from accumulated other comprehensive income (loss)		-			-

Net increase in other comprehensive income (loss)		(285	)		(285	)
Accumulated other comprehensive income (loss), net of tax, as of June 30, 2022	$	(347	)	$	(347	)

The following table presents a summary of the changes in each component of AOCI for the three months ended June 30, 2021:

	Unrealized gains (losses) on available-for-sale securities		Total
Accumulated other comprehensive income (loss), net of tax, as of March 31, 2021	$	-	$	-

Other comprehensive loss before reclassifications		26		26
Amounts reclassified from accumulated other comprehensive income (loss)		-		-

Net increase in other comprehensive income (loss)		26		26
Accumulated other comprehensive income (loss), net of tax, as of June 30, 2021	$	26	$	26

The following table presents a summary of the changes in each component of AOCI for the six months ended June 30, 2021:

	Unrealized gains (losses) on available-for-sale securities			Total
Accumulated other comprehensive income (loss), net of tax, as of December 31, 2020	$	116		$	116

Other comprehensive loss before reclassifications		(90	)		(90	)
Amounts reclassified from accumulated other comprehensive income (loss)		-			-

Net increase in other comprehensive income (loss)		(90	)		(90	)
Accumulated other comprehensive income (loss), net of tax, as of June 30, 2021	$	26		$	26

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	1,100,000,000	1,100,000,000
Common stock, shares issued (in shares)	917,285,149	914,449,957
Common stock, shares outstanding (in shares)	917,285,149	914,449,957

Note 4 - Investments in Debt Securities (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest and Investment Income [Member]
Debt Securities, Available-for-Sale, Realized Gain (Loss), Total	$ (5)	$ 41	$ (0)	$ 102

Note 10 - Other Assets

6 Months Ended

Jun. 30, 2022

Other Assets Disclosure [Text Block]

10. Other Assets

Other assets totaled $329 and $306 as of June 30, 2022 and December 31, 2021, respectively. Included within these totals are the following:

	June 30,		December 31,
	2022		2021

Utility deposits	$	14	$	14
Prepaid lease costs and receivables- long term		315		292
Total	$	329	$	306

As of June 30, 2022, prepaid lease costs and receivables-long term are comprised of $35 in unamortized prepaid broker commissions that are not expected to be amortized within the next twelve months and $280 in straight-line rent accruals.

Note 18 - Related Party Transactions (Details Textual) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
	May 10, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022	Mar. 10, 2016
Former Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)	1,870,000
Former Director [Member] \| Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	33.00%
Maximum [Member] \| Former Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	2.0
Chairman of Eontec [Member] \| Minimum [Member]
Beneficial Ownership Percentage						5.00%
Eontec [Member] \| License Agreement [Member]
Related Party Transaction, Amounts of Transaction		$ 63	$ 152	$ 155	$ 273
Investor Warrant [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)							10,066,809
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)							$ 0.07
The 2016 Purchase Agreement [Member]
Common Stock Purchase Agreement, Number of Shares Authorized to Issue and Sell to Investors (in shares)							405,000,000
Common Stock Purchase Agreement, Value of Shares Authorized to Issue and Sell to Investors							$ 63,400

Note 7 - Inventory

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Text Block]

7. Inventory

Inventory totaled $32 and $35 as of June 30, 2022 and December 31, 2021, respectively. Included within these totals are the following:

	June 30,		December 31,
	2022		2021

Work in progress	$	32	$	35
Finished goods		-		-
Total	$	32	$	35

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2022	Aug. 11, 2022
Document Information [Line Items]
Entity Central Index Key	0001141240
Entity Registrant Name	LIQUIDMETAL TECHNOLOGIES INC
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-31332
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	33-0264467
Entity Address, Address Line One	20321 Valencia Circle
Entity Address, City or Town	Lake Forest
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92630
City Area Code	949
Local Phone Number	635-2100
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		917,285,149

Note 9 - Patents and Trademarks, Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Finite-Lived Intangible Assets, Net, Ending Balance	$ 85		$ 85		$ 102
Amortization of Intangible Assets	$ 7	$ 15	$ 17	$ 34
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			10 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			17 years

Note 11 - Accrued Liabilities - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accrued payroll, vacation, and bonuses	$ 118	$ 111
Accrued severance	56	56
Accrued audit fees	71	79
Total	$ 245	$ 246

Note 5 - Trade Accounts Receivable - Trade Accounts Receivable Table (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Trade accounts receivable	$ 34	$ 147
Less: Allowance for doubtful accounts	0	0
Trade accounts receivable	$ 34	$ 147

Note 15 - Consolidated Statements of Changes in Equity (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Stockholders Equity [Table Text Block]

	Preferred Shares		Common Shares		Common Stock		Warrants part of Additional Paid-in Capital		Additional Paid-in Capital		Accumulated Deficit			Accumulated Other Comprehensive Income			Non- Controlling Interest			Total
Balance, March 31, 2022		-		917,285,149	$	917	$	18,179	$	287,893	$	(272,970	)	$	(272	)	$	(77	)	$	33,670

Stock-based compensation										54											54

Net loss												(614	)					(1	)		(615	)
Other comprehensive income															(75	)					(75	)

Balance, June 30, 2022		-		917,285,149	$	917	$	18,179	$	287,947	$	(273,584	)	$	(347	)	$	(78	)	$	33,034

	Preferred Shares		Common Shares		Common Stock		Warrants part of Additional Paid-in Capital		Additional Paid-in Capital		Accumulated Deficit			Accumulated Other Comprehensive Income			Non- Controlling Interest			Total
Balance, December 31, 2021		-		914,449,957	$	914	$	18,179	$	287,641	$	(272,303	)	$	(62	)	$	(77	)	$	34,292

Common stock issuance				2,835,192		3				209											212
Stock-based compensation										97											97

Net loss												(1,281	)					(1	)		(1,282	)
Other comprehensive loss															(285	)					(285	)

Balance, June 30, 2022		-		917,285,149	$	917	$	18,179	$	287,947	$	(273,584	)	$	(347	)	$	(78	)	$	33,034

	Preferred Shares		Common Shares		Common Stock		Warrants part of Additional Paid-in Capital		Additional Paid-in Capital		Accumulated Deficit			Accumulated Other Comprehensive Income		Non- Controlling Interest			Total
Balance, March 31, 2021		-		914,449,957	$	914	$	18,179	$	287,290	$	(269,617	)	$	-	$	(76	)	$	36,690

Stock-based compensation										100										100

Net loss												(624	)				(1	)		(625	)
Other comprehensive income															26					26

Balance, June 30, 2021		-		914,449,957	$	914	$	18,179	$	287,390	$	(270,241	)	$	26	$	(77	)	$	36,191

	Preferred Shares		Common Shares		Common Stock		Warrants part of Additional Paid-in Capital		Additional Paid-in Capital		Accumulated Deficit			Accumulated Other Comprehensive Income			Non- Controlling Interest			Total
Balance, December 31, 2020		-		914,449,957	$	914	$	18,179	$	287,183	$	(268,926	)	$	116		$	(76	)	$	37,390

Stock-based compensation										207											207

Net loss												(1,315	)					(1	)		(1,316	)
Other comprehensive loss															(90	)					(90	)

Balance, June 30, 2021		-		914,449,957	$	914	$	18,179	$	287,390	$	(270,241	)	$	26		$	(77	)	$	36,191

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net loss	$ (615)	$ (625)	$ (1,282)	$ (1,316)
Other comprehensive loss, net of tax
Net unrealized gains (losses) on available-for-sale securities	(75)	26	(285)	(90)
Other comprehensive loss income (loss), net of tax	(75)	26	(285)	(90)
Comprehensive loss	(690)	(599)	(1,567)	(1,406)
Less: Comprehensive loss attributable to noncontrolling interests	1	1	1	1
Comprehensive loss attributable to Liquidmetal Technologies shareholders	$ (689)	$ (598)	$ (1,566)	$ (1,405)

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

Note 15 - Consolidated Statements of Changes in Equity - Changes in Equity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Balance	$ 33,670	$ 36,690	$ 34,292	$ 37,390
Stock-based compensation	54	100	97
Net loss	(615)	(625)	(1,282)	(1,316)
Other comprehensive income	(75)	26	(285)	(90)
Common stock issuance			212
Balance	$ 33,034	$ 36,191	$ 33,034	$ 36,191
Common Stock [Member]
Balance (in shares)	917,285,149	914,449,957	914,449,957	914,449,957
Balance	$ 917	$ 914	$ 914	$ 914
Common stock issuance (in shares)			2,835,192
Common stock issuance			$ 3
Balance (in shares)	917,285,149	914,449,957	917,285,149	914,449,957
Balance	$ 917	$ 914	$ 917	$ 914
Additional Paid in Capital, Attributable to Warrants [Member]
Balance	18,179	18,179	18,179	18,179
Balance	18,179	18,179	18,179	18,179
Additional Paid-in Capital [Member]
Balance	287,893	287,290	287,641	287,183
Stock-based compensation	54	100	97
Common stock issuance			209
Balance	287,947	287,390	287,947	287,390
Retained Earnings [Member]
Balance	(272,970)	(269,617)	(272,303)	(268,926)
Net loss	(614)	(624)	(1,281)	(1,315)
Balance	(273,584)	(270,241)	(273,584)	(270,241)
AOCI Attributable to Parent [Member]
Balance	(272)	0	(62)	116
Other comprehensive income	(75)	26	(285)	(90)
Balance	(347)	26	(347)	26
Noncontrolling Interest [Member]
Balance	(77)	(76)	(77)	(76)
Net loss	(1)	(1)	(1)	(1)
Balance	$ (78)	$ (77)	$ (78)	$ (77)

Note 17 - Loss Per Common Share (Details Textual) - $ / shares	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	26,615,667		17,950,859
Share-Based Payment Arrangement, Option [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share)	$ 0.07		$ 0.07
Share-Based Payment Arrangement, Option [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share)	$ 0.38		$ 0.38
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	10,066,809	10,066,809
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share)	$ 0.07
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)		$ 0.07

Note 5 - Trade Accounts Receivable

6 Months Ended

Jun. 30, 2022

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

5. Trade Accounts Receivable

Trade accounts receivable were comprised of the following:

	June 30,		December 31,
	2022		2021
Trade accounts receivable	$	34	$	147
Less: Allowance for doubtful accounts		-		-
Trade accounts receivable	$	34	$	147

Note 8 - Property and Equipment

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment Disclosure [Text Block]

8. Property and Equipment, net

Property and equipment consist of the following:

	June 30,			December 31,
	2022			2021

Land, building, and improvements	$	9,610		$	9,610
Machinery and equipment		1,304			1,304
Computer equipment		272			272
Office equipment, furnishings, and improvements		51			51
Total		11,237			11,237
Accumulated depreciation		(3,100	)		(2,924	)
Total property and equipment, net	$	8,137		$	8,295

Depreciation expense for three and six months ended June 30, 2022 was $79 and $158, respectively. Depreciation expense for three and six months ended June 30, 2021 was $80 and $160, respectively. Such amounts were included in selling, marketing, general, and administrative expenses within Company’s consolidated statements of operations.

Note 9 - Patents and Trademarks, Net

6 Months Ended

Jun. 30, 2022

Intangible Assets Disclosure [Text Block]

9. Patents and Trademarks, net

Net patents and trademarks totaled $85 and $102 as of June 30, 2022 and December 31, 2021, respectively, and primarily consisted 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 agreement.

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 $7 and $17 for the three and six months ended June 30, 2022, respectively. This compares to $15 and $34 for the three and six months ended June 30, 2021, respectively

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 3,055	$ 4,091
Restricted cash	5	5
Investments in debt securities- short term	13,186	13,852
Trade accounts receivable, net of allowance for doubtful accounts	34	147
Inventory	32	35
Prepaid expenses and other current assets	262	505
Total current assets	16,574	18,635
Investments in debt securities- long term	9,134	8,267
Property and equipment, net	8,137	8,295
Patents and trademarks, net	85	102
Other Assets	329	306
Total assets	34,259	35,605
Current liabilities:
Accounts payable	37	112
Accrued liabilities	245	246
Deferred revenue	41	56
Total current liabilities	323	414
Long-term liabilities
Other long-term liabilities	902	899
Total liabilities	1,225	1,313
Shareholders' equity:
Common stock, $0.001 par value; 1,100,000,000 shares authorized; 917,285,149 and 914,449,957 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	917	914
Warrants	18,179	18,179
Additional paid-in capital	287,947	287,641
Accumulated deficit	(273,584)	(272,303)
Accumulated other comprehensive loss	(347)	(62)
Non-controlling interest in subsidiary	(78)	(77)
Total shareholders' equity	33,034	34,292
Total liabilities and shareholders' equity	$ 34,259	$ 35,605

Note 2 - Basis of Presentation and Recent Accounting Pronouncements - Fair Value of Items Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Investments in debt securities (short-term)	$ 13,186	$ 13,852
Investments in debt securities (long-term)	9,134	8,267
Fair Value, Recurring [Member]
Investments in debt securities (short-term)	13,186	13,852
Investments in debt securities (long-term)	9,134	8,267
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Investments in debt securities (short-term)	10,111	10,138
Investments in debt securities (long-term)	2,389	199
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Investments in debt securities (short-term)	3,075	3,714
Investments in debt securities (long-term)	6,745	8,068
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Investments in debt securities (short-term)	0	0
Investments in debt securities (long-term)	$ 0	$ 0

Note 14 - Facility Lease

6 Months Ended

Jun. 30, 2022

Lessor, Operating Leases [Text Block]

14. Facility Lease

Amounts collected under the Facility Lease are comprised of base rents and reimbursements for direct facility expenses (property taxes and insurance), common area maintenance, and utilities. Amounts recorded to lease income are comprised of base rents and direct facility expenses, recorded on a straight-line basis over the lease term. Reimbursements for common area maintenance and utility expense are recorded as reductions to like expenses within sales, general, and administrative costs.

The future minimum rents due to the Company under the Facility Lease are as follows:

Year	Base Rents

2022 (remaining six months)	$	244
2023		651
2024		699
2025		237
2026		-
Thereafter		-
	$	1,831

Note 16 - Accumulated Other Comprehensive Income (Loss) ("AOCI") (Tables)

6 Months Ended

Jun. 30, 2022