0001437749-23-023095 | 10-Q | XBRL Viewer | Liquidmetal Technologies INC

Property, Plant and Equipment Disclosure [Text Block]

8. Property and Equipment, net

Property and equipment consist of the following:

	June 30,			December 31,
	2023			2022

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		(3,413	)		(3,257	)
Total property and equipment, net	$	7,824		$	7,980

Depreciation expense for three and six months ended June 30, 2023 was $78 and $156, respectively. Depreciation expense for three and six months ended June 30, 2022 was $79 and $158, respectively. Such amounts were included in selling, marketing, general, and administrative expenses within Company’s consolidated statements of operations.

Note 1 - Description of Business	6 Months Ended
Jun. 30, 2023
Notes to Financial Statements
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 1 - Description of Business

6 Months Ended

Jun. 30, 2023

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 13 - Stock Compensation Plan (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Dec. 31, 2022	Jan. 27, 2015
Share-Based Payment Arrangement, Expense	$ 38	$ 54	$ 72	$ 97
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 (in shares)	5,654,000		5,654,000			5,674,000
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 (in shares)					20,941,667	20,941,667

Note 5 - Trade Accounts Receivable - Trade Accounts Receivable Table (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Trade accounts receivable	$ 74	$ 24
Less: Allowance for doubtful accounts	0	0
Trade accounts receivable	$ 74	$ 24

Note 17 - Loss Per Common Share (Details Textual) - $ / shares	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	26,595,667	24,615,667
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
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)	$ 0.07	$ 0.07

Note 10 - Other Assets (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Other Assets, Noncurrent [Table Text Block]

	June 30,		December 31,
	2023		2022

Utility deposits	$	14	$	14
Prepaid lease costs and receivables- long term		294		339
Total	$	308	$	353

Note 2 - Basis of Presentation and Recent Accounting Pronouncements (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Apr. 01, 2023
Other-than-temporary Impairment Loss, Debt Securities, Available-for-Sale	$ 0	$ 0
Lessor, Operating Lease, Term of Contract (Month)			62 months

Note 10 - Other Assets

6 Months Ended

Jun. 30, 2023

Other Assets Disclosure [Text Block]

10. Other Assets

Other assets totaled $308 and $353 as of June 30, 2023 and December 31, 2022, respectively. Included within these totals are the following:

	June 30,		December 31,
	2023		2022

Utility deposits	$	14	$	14
Prepaid lease costs and receivables- long term		294		339
Total	$	308	$	353

As of June 30, 2023, prepaid lease costs and receivables-long term are comprised of $21 in unamortized prepaid broker commissions that are not expected to be amortized within the next twelve months and $273 in straight-line rent accruals.

Note 15 - Consolidated Statements of Changes in Equity - Changes in Equity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Balance	$ 31,650	$ 33,670	$ 32,039	$ 34,292
Stock-based compensation	38		72	97
Net loss	(710)	(615)	(1,297)	(1,282)
Other comprehensive income	73	(75)	237	(285)
Common stock issuance				212
Balance	$ 31,051	$ 33,034	$ 31,051	$ 33,034
Preferred Stock [Member]
Balance (in shares)	0	0	0	0
Balance (in shares)	0	0	0	0
Common Stock [Member]
Balance (in shares)	917,285,149	917,285,149	917,285,149	914,449,957
Balance	$ 917	$ 917	$ 917	$ 914
Common stock issuance (in shares)				2,835,192
Common stock issuance				$ 3
Balance (in shares)	917,285,149	917,285,149	917,285,149	917,285,149
Balance	$ 917	$ 917	$ 917	$ 917
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	288,047	287,893	288,013	287,641
Stock-based compensation	38	54	72	97
Common stock issuance				209
Balance	288,085	287,947	288,085	287,947
Retained Earnings [Member]
Balance	(275,283)	(272,970)	(274,696)	(272,303)
Net loss	(710)	(614)	(1,297)	(1,281)
Balance	(275,993)	(273,584)	(275,993)	(273,584)
AOCI Attributable to Parent [Member]
Balance	(132)	(272)	(296)	(62)
Other comprehensive income	73	(75)	237	(285)
Balance	(59)	(347)	(59)	(347)
Noncontrolling Interest [Member]
Balance	(78)	(77)	(78)	(77)
Net loss		(1)		(1)
Balance	$ (78)	$ (78)	$ (78)	$ (78)

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

6 Months Ended

Jun. 30, 2023

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, 2023:

	Unrealized gains (losses) on available- for-sale securities			Total
Accumulated other comprehensive income (loss), net of tax, as of March 31, 2023	$	(132	)	$	(132	)

Other comprehensive income before reclassifications		73			73
Amounts reclassified from accumulated other comprehensive income (loss)		-			-
Net increase in other comprehensive income (loss)		73			73
Accumulated other comprehensive income (loss), net of tax, as of June 30, 2023	$	(59	)	$	(59	)

The following table presents a summary of the changes in each component of AOCI for the six months ended June 30, 2023:

	Unrealized gains (losses) on available- for-sale securities			Total
Accumulated other comprehensive income (loss), net of tax, as of December 31, 2022	$	(296	)	$	(296	)

Other comprehensive income before reclassifications		237			237
Amounts reclassified from accumulated other comprehensive income (loss)		-			-
Net increase in other comprehensive income (loss)		237			237
Accumulated other comprehensive income (loss), net of tax, as of June 30, 2023	$	(59	)	$	(59	)

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	)

Note 5 - Trade Accounts Receivable

6 Months Ended

Jun. 30, 2023

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,
	2023		2022
Trade accounts receivable	$	74	$	24
Less: Allowance for doubtful accounts		-		-
Trade accounts receivable	$	74	$	24

Note 9 - Patents and Trademarks, Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Finite-Lived Intangible Assets, Net	$ 61		$ 61		$ 73
Amortization of Intangible Assets	$ 6	$ 7	$ 12	$ 17
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	10 years		10 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	17 years		17 years

Note 7 - Inventory - Schedule of Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Work in progress	$ 25	$ 25
Finished goods	0	0
Total	$ 25	$ 25

Note 4 - Investments in Debt Securities

6 Months Ended

Jun. 30, 2023

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*	*2023*		*2022*		*2023*		*2022*

U.S. government and agency securities	2024		7,838		11,964		7,859		11,922
Corporate bonds	2025		6,198		10,421		6,045		10,159
			14,036		22,385		13,904		22,081

Income from these investments totaled $143 and $243 during the three and six months ended June 30, 2023, respectively. Loss from these investments totaled $0 and $5 during the three and six months ended June 30, 2022, 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, 2023, it was 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 of the Company’s investment portfolio is considered to be temporary, rather than a deterioration of overall credit quality. As of June 30, 2023, 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, 2023.

Note 11 - Accrued Liabilities (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 03, 2023	Dec. 31, 2022
Accrued Liabilities, Current	$ 264	$ 264	$ 265

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

6 Months Ended

Jun. 30, 2023

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

	June 30,		December 31,
	2023		2022

Prepaid service invoices	$	104	$	110
Prepaid insurance premiums		66		265
Prepaid lease costs and receivables- short term		21		23
Interest and other receivables		79		127
Total	$	270	$	525

Note 18 - Related Party Transactions (Details Textual) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
	May 10, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Mar. 10, 2016
Former Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (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		$ 43	$ 63	$ 78	$ 155
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 2 - Basis of Presentation and Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2023

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, 2023 and June 30, 2022 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, 2023 are not necessarily indicative of the results that may be expected for any future periods or the year ending December 31, 2023. The accompanying unaudited consolidated financial statements should be read in conjunction with the Company's 2022 Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 14, 2023.

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, 2023 and 2022.

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, 2023, 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)	$	11,940	$	8,877	$	3,063	$	-
Investments in debt securities (long-term)		1,964		486		1,478		-

As of December 31, 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)	$	16,436	$	13,661	$	2,775	$	-
Investments in debt securities (long-term)		5,645		1,555		4,090		-

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.

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities:
Net loss	$ (1,297)	$ (1,282)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	168	175
Stock-based compensation	72	97
Changes in operating assets and liabilities:
Trade accounts receivable	(50)	113
Inventory	0	3
Prepaid expenses and other current assets	255	243
Other assets and liabilities	45	(20)
Accounts payable and accrued liabilities	40	(76)
Deferred revenue	33	(15)
Net cash used in operating activities	(734)	(762)
Investing Activities:
Purchases of debt securities	(5,170)	(11,738)
Proceeds from sales of debt securities	13,584	11,252
Net cash provided by (used in) investing activities	8,414	(486)
Financing Activities:
Common stock issuance	0	212
Net cash provided by financing activities	0	212
Net increase in cash, cash equivalents, and restricted cash	7,680	(1,036)
Cash, cash equivalents, and restricted cash at beginning of period	2,274	4,096
Cash, cash equivalents, and restricted cash at end of period	$ 9,954	$ 3,060

Note 10 - Other Assets - Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Assets	$ 308	$ 353
Utility Deposits [Member]
Other Assets	14	14
Prepaid Lease Costs and Long-term Receivables [Member]
Other Assets	$ 294	$ 339

Note 12 - Other Long-term Liabilities

6 Months Ended

Jun. 30, 2023

Other Liabilities Disclosure [Text Block]

12. Other Long-Term Liabilities

Other long-term liabilities was $902 as of June 30, 2023 and December 31, 2022, and consisted of $859 of long-term, aged payables to vendors, individuals, and other third parties that have been outstanding for more than 5 years. Also included in the balance is $43 in tenant deposits under the Facility Lease.

Note 12 - Other Long-term Liabilities (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Other Liabilities, Noncurrent	$ 902	$ 902
Loans Payable, Noncurrent, Total		$ 859
Period for Outstanding Liability (Year)	5 years
Lease Deposit Liability	$ 43

Note 16 - Accumulated Other Comprehensive Income (Loss) ("AOCI") - Summary of Changes in AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Balance	$ 31,650	$ 33,670	$ 32,039	$ 34,292
Other comprehensive income	73	(75)	237	(285)
Balance	31,051	33,034	31,051	33,034
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Including Noncontrolling Interest [Member]
Balance	(132)	(272)	(296)	(62)
Other comprehensive income before reclassifications	73	(75)	237	(285)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Other comprehensive income	73	(75)	237	(285)
Balance	(59)	(347)	(59)	(347)
AOCI Attributable to Parent [Member]
Balance	(132)	(272)	(296)	(62)
Other comprehensive income before reclassifications	73	(75)	237	(285)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Other comprehensive income	73	(75)	237	(285)
Balance	$ (59)	$ (347)	$ (59)	$ (347)

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
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-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-17

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
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Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
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Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

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Note 4 - Investments in Debt Securities (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest and Investment Income [Member]
Debt Securities, Available-for-Sale, Realized Gain (Loss)	$ 143	$ (0)	$ 243	$ (5)

Note 17 - Loss Per Common Share

6 Months Ended

Jun. 30, 2023

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 26,595,667 shares of common stock, at prices ranging from $0.07 to $0.38 per share, were outstanding at June 30, 2023, 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, 2023, 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 24,615,667 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.

Note 6 - Prepaid Expenses and Other Current Assets

6 Months Ended

Jun. 30, 2023

Prepaid Expenses and Other Current Assets [Text Block]

6. Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets totaled $270 and $525 as of June 30, 2023 and December 31, 2022, respectively. Included within these totals are the following:

	June 30,		December 31,
	2023		2022

Prepaid service invoices	$	104	$	110
Prepaid insurance premiums		66		265
Prepaid lease costs and receivables- short term		21		23
Interest and other receivables		79		127
Total	$	270	$	525

As of June 30, 2023, prepaid lease costs and receivables-short term are comprised of $16 in prepaid broker commissions that are expected to be amortized within the next twelve months and $5 in receivables for allocated utility costs.

Consolidated Statements of Operations (Unaudited) - USD ($) $ / shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue
Revenues	$ 67	$ 125	$ 97	$ 288
Cost of sales	52	84	75	228
Gross profit	15	41	22	60
Operating expenses
Selling, marketing, general and administrative	952	771	1,758	1,575
Research and development	5	17	11	27
Total operating expenses	957	788	1,769	1,602
Operating loss	(942)	(747)	(1,747)	(1,542)
Lease income	89	132	207	265
Interest and investment income (loss)	143	0	243	(5)
Loss before income taxes	(710)	(615)	(1,297)	(1,282)
Income taxes	0	0	0	0
Net loss	(710)	(615)	(1,297)	(1,282)
Net loss attributable to non-controlling interest	0	1	0	1
Net loss attributable to Liquidmetal Technologies shareholders	$ (710)	$ (614)	$ (1,297)	$ (1,281)
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	917,285,149	917,285,149	916,812,617
Product [Member]
Revenue
Revenues	$ 67	$ 103	$ 97	$ 266
License [Member]
Revenue
Revenues	$ 0	$ 22	$ 0	$ 22

Note 4 - Investments in Debt Securities - Amortized Cost and Fair Value of Investments in Debt Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Investment in debt securities, amortized cost	$ 14,036	$ 22,385
Investment in debt securities, fair value	13,904	22,081
US Treasury and Government [Member]
Investment in debt securities, amortized cost	7,838	11,964
Investment in debt securities, fair value	7,859	11,922
Corporate Debt Securities [Member]
Investment in debt securities, amortized cost	6,198	10,421
Investment in debt securities, fair value	$ 6,045	$ 10,159

Note 18 - Related Party Transactions

6 Months Ended

Jun. 30, 2023

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, 2023, 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 through its affiliate Yihao were $43 and $78 during the three and six months ended June 30, 2023, respectively. Equipment and services procured from Eontec through its affiliate Yihao were $63 and $155 during the three and six months ended June 30, 2022, 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.

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.

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-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Note 8 - Property and Equipment, Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Selling, General and Administrative Expenses [Member]
Depreciation	$ 78	$ 79	$ 156	$ 158

Note 2 - Basis of Presentation and Recent Accounting Pronouncements - Fair Value of Items Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Investments in debt securities (short-term)	$ 11,940	$ 16,435
Investments in debt securities (long-term)	1,964	5,646
Fair Value, Recurring [Member]
Investments in debt securities (short-term)	11,940	16,436
Investments in debt securities (long-term)	1,964	5,645
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Investments in debt securities (short-term)	8,877	13,661
Investments in debt securities (long-term)	486	1,555
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Investments in debt securities (short-term)	3,063	2,775
Investments in debt securities (long-term)	1,478	4,090
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 3 - Significant Transactions (Details Textual)	Jan. 13, 2022	Jan. 12, 2022	Jan. 31, 2020	Feb. 16, 2017 USD ($) ft²	Apr. 01, 2023	Dec. 31, 2022	Jan. 23, 2020 USD ($) ft²
Area of Land (Square Foot) \| ft²				41,000
Lessor, Operating Lease, Term of Contract (Month)					62 months
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 (Month)							62 months
Lessor, Operating Lease Receivable, Per Month Initially							$ 32,534
Lessor, Operating Lease Receivable Per Month Maximum							$ 39,000
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 7 - Inventory (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Inventory, Current [Table Text Block]

	June 30,		December 31,
	2023		2022

Work in progress	$	25	$	25
Finished goods		-		-
Total	$	25	$	25

Note 4 - Investments in Debt Securities (Tables)

6 Months Ended

Jun. 30, 2023

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

		Amortized Cost				Fair Value
	*Longest*	*June 30,*		*December 31,*		*June 30,*		*December 31,*
	*Maturity Date*	*2023*		*2022*		*2023*		*2022*

U.S. government and agency securities	2024		7,838		11,964		7,859		11,922
Corporate bonds	2025		6,198		10,421		6,045		10,159
			14,036		22,385		13,904		22,081

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Note 14 - Facility Lease (Tables)

6 Months Ended

Jun. 30, 2023

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

Year	Base Rents

2023 (remaining six months)	$	256
2024		523
2025		177
2026		-
Thereafter		-
	$	956

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 9,949	$ 2,269
Restricted cash	5	5
Investments in debt securities- short term	11,940	16,435
Trade accounts receivable, net of allowance for doubtful accounts	74	24
Inventory	25	25
Prepaid expenses and other current assets	270	525
Total current assets	22,263	19,283
Investments in debt securities- long term	1,964	5,646
Property and equipment, net	7,824	7,980
Patents and trademarks, net	61	73
Other Assets	308	353
Total assets	32,420	33,335
Current liabilities:
Accounts payable	129	88
Accrued liabilities	264	265
Deferred revenue	74	41
Total current liabilities	467	394
Long-term liabilities
Other long-term liabilities	902	902
Total liabilities	1,369	1,296
Shareholders' equity:
Common stock, $0.001 par value; 1,100,000,000 shares authorized; 917,285,149 and 917,285,149 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	917	917
Warrants	18,179	18,179
Additional paid-in capital	288,085	288,013
Accumulated deficit	(275,993)	(274,696)
Accumulated other comprehensive loss	(59)	(296)
Non-controlling interest in subsidiary	(78)	(78)
Total shareholders' equity	31,051	32,039
Total liabilities and shareholders' equity	$ 32,420	$ 33,335

Note 7 - Inventory

6 Months Ended

Jun. 30, 2023

Inventory Disclosure [Text Block]

7. Inventory

Inventory totaled $25 and $25 as of June 30, 2023 and December 31, 2022, respectively. Included within these totals are the following:

	June 30,		December 31,
	2023		2022

Work in progress	$	25	$	25
Finished goods		-		-
Total	$	25	$	25

Note 10 - Other Assets (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Assets	$ 308	$ 353
Unamortized Prepaid Broker Commissions	21
Prepaid Rent Noncurrent	$ 273

Note 14 - Facility Lease - Base Rents (Details) $ in Thousands	Jun. 30, 2023 USD ($)
2023 (remaining six months)	$ 256
2024	523
2025	177
2026	0
Thereafter	0
Lessor, Operating Lease, Payment to be Received	$ 956

Note 14 - Facility Lease

6 Months Ended

Jun. 30, 2023

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

2023 (remaining six months)	$	256
2024		523
2025		177
2026		-
Thereafter		-
	$	956

Note 7 - Inventory (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Inventory, Net	$ 25	$ 25

Note 5 - Trade Accounts Receivable (Tables)

6 Months Ended

Jun. 30, 2023

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

	June 30,		December 31,
	2023		2022
Trade accounts receivable	$	74	$	24
Less: Allowance for doubtful accounts		-		-
Trade accounts receivable	$	74	$	24

Note 6 - Prepaid Expenses and Other Current Assets (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Prepaid Expense and Other Assets, Current	$ 270	$ 525
Prepaid Broker Commission	16
Allocated Unity Cost [Member]
Receivables, Net, Current	$ 5

Note 9 - Patents and Trademarks, Net

6 Months Ended

Jun. 30, 2023

Intangible Assets Disclosure [Text Block]

9. Patents and Trademarks, net

Net patents and trademarks totaled $61 and $73 as of June 30, 2023 and December 31, 2022, 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 $6 and $12 for the three and six months ended June 30, 2023, respectively. Amortization expense for patents and trademarks was $7 and $17 for the three and six months ended June 30, 2022, respectively.

Note 6 - Prepaid Expenses and Other Current Assets - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Prepaid service invoices	$ 104	$ 110
Prepaid insurance premiums	66	265
Prepaid lease costs and receivables- short term	21	23
Interest and other receivables	79	127
Total	$ 270	$ 525

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

6 Months Ended

Jun. 30, 2023

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	Unrealized gains (losses) on available- for-sale securities			Total
Accumulated other comprehensive income (loss), net of tax, as of March 31, 2023	$	(132	)	$	(132	)

Other comprehensive income before reclassifications		73			73
Amounts reclassified from accumulated other comprehensive income (loss)		-			-
Net increase in other comprehensive income (loss)		73			73
Accumulated other comprehensive income (loss), net of tax, as of June 30, 2023	$	(59	)	$	(59	)

	Unrealized gains (losses) on available- for-sale securities			Total
Accumulated other comprehensive income (loss), net of tax, as of December 31, 2022	$	(296	)	$	(296	)

Other comprehensive income before reclassifications		237			237
Amounts reclassified from accumulated other comprehensive income (loss)		-			-
Net increase in other comprehensive income (loss)		237			237
Accumulated other comprehensive income (loss), net of tax, as of June 30, 2023	$	(59	)	$	(59	)

	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	)

	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	)

Note 3 - Significant Transactions

6 Months Ended

Jun. 30, 2023

Significant Transactions [Text Block]

3. Significant Transactions

Yihao Manufacturing Agreement

On January 12, 2022, the Company entered into a manufacturing agreement (“Manufacturing Agreement”) with Dongguan Yihao Metal Materials Technology Co. Ltd. (“Yihao”) to become the primary contract manufacturer of the Company’s products. Under the Manufacturing Agreement, which has a term of five years, Yihao has agreed to serve as a non-exclusive contract manufacturer for amorphous alloy parts offered and sold by the Company at prices determined on a “cost-plus” basis. Yihao is an affiliate of Dongguan Eontec Co. Ltd. and Professor Lugee Li, the Company’s Chairman and largest beneficial owner of the Company’s capital stock.

Manufacturing Facility Purchase and Lease

On February 16, 2017, the Company purchased a 41,000 square foot manufacturing facility (the “Facility”) located in Lake Forest, CA, where operations commenced during July 2017. The purchase price for the Facility was $7,818.

On January 23, 2020, 20321 Valencia, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company, entered into a lease agreement (the “Facility Lease”) pursuant to which the Company leased to MatterHackers, Inc., a Delaware corporation (“Tenant”), an approximately 32,534 square foot portion of the Facility. The lease term is for 5 years and 2 months and is scheduled to expire on April 30, 2025. The base rent payable under the Facility Lease was $32,534 per month initially and is subject to periodic increases up to a maximum of approximately $39,000 per month. Tenant will pay approximately 79% of common operating expresses. The Facility Lease has other customary provisions, including provisions relating to default and usage restrictions. The Facility Lease grants to Tenant a right to extend the lease for one additional 60-month period at market rental value.

Eontec License Agreement

On March 10, 2016, the Company and DongGuan Eontec Co., Ltd., a Hong Kong corporation (“Eontec”), entered into a Parallel License Agreement (the “License Agreement”) pursuant to which the parties agreed to cross-license certain patents, technical information, and trademarks between the Company and Eontec. In particular, the Company granted to Eontec a paid-up, royalty-free, perpetual license to the Company’s patents and related technical information to make, have made, use, offer to sell, sell, export, and import products in certain geographic areas outside of North America and Europe. In turn, Eontec granted to the Company a paid-up, royalty-free, perpetual license to Eontec’s patents and related technical information to make, have made, use, offer to sell, sell, export, and import products in certain geographic areas outside of specified countries in Asia. The license granted by the Company to Eontec is exclusive (including to the exclusion of the Company) in the countries of Brunei, Cambodia, China (P.R.C and R.O.C.), East Timor, Indonesia, Japan, Laos, Malaysia, Myanmar, Philippines, Singapore, South Korea, Thailand, and Vietnam. The license granted by Eontec to the Company is exclusive (including to the exclusion of Eontec) in North America and Europe. The cross-licenses are non-exclusive in geographic areas outside of the foregoing exclusive territories.

Beyond the License Agreement, the Company collaborates with Eontec and its affiliate Yihao to accelerate the commercialization of amorphous alloy technology. This includes but is not limited to developing technologies to reduce the cost of amorphous alloys, working on die cast machine technology platforms to pursue broader markets, sharing knowledge to broaden our intellectual property portfolio, and utilizing Yihao’s volume production capabilities as a third party contract manufacturer.

Eutectix Business Development Agreement

On January 31, 2020, the Company entered into a Business Development Agreement (the “Agreement”) with Eutectix, LLC, a Delaware limited liability company (“Eutectix”), which provides for collaboration, joint development efforts, and the manufacturing of products based on the Company’s proprietary amorphous metal alloys. Under the Agreement and amendments thereof, the Company licensed to Eutectix specified equipment owned by the Company, including two injection molding machines, two diecasting machines, and other machines and equipment, all of which will be used to make product for Company customers and Eutectix customers. The Company has also licensed to Eutectix various patents and technical information related to the Company’s proprietary technology. Under the Agreement, Eutectix agreed to pay the Company a royalty of six percent (6%) of the net sales price of licensed products sold by Eutectix, and Eutectix will also manufacture for the Company product ordered by the Company. The Agreement has a term of five years, subject to renewal provisions and the ability of either party to terminate earlier upon specified circumstances.

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, exclusive license to commercialize such intellectual property in the field of consumer electronic products, as defined in the license agreement, in exchange for a one-time, upfront 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.

Under the agreements relating to the license transaction with Apple, the Company was obligated to contribute, to CIP, all intellectual property developed through February 2016. 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.

Liquidmetal Golf Sublicense Agreement

Liquidmetal Golf Inc. (“Liquidmetal Golf” or “LMG”) is a majority-owned subsidiary which 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 dated January 1, 2002 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. The Company owns 79% of the outstanding common stock in Liquidmetal Golf.

On January 13, 2022, Liquidmetal Golf entered into a sublicense agreement (“LMG Sublicense Agreement”) with Amorphous Technologies Japan, Inc. (“ATJ”), a newly formed Japanese entity that was established by Twins Corporation, a sporting goods company operating in Japan. Under the agreement, LMG granted to ATJ a nonexclusive worldwide sublicense to the Company’s amorphous alloy technology and related trademarks to manufacture and sell golf clubs and golf related products. The LMG Sublicense Agreement has a term of three years and provides for the payment of a running royalty to LMG of 3% of the net sales price of licensed products.

Swatch Group License

In March 2009, the Company entered into a license agreement with Swatch Group, Ltd. (“Swatch”) under which Swatch was granted a 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 as against all third parties (including the Company), but non-exclusive as to Apple. 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.

Note 15 - Consolidated Statements of Changes in Equity

6 Months Ended

Jun. 30, 2023

Equity [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, 2023:

	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, 2023		-		917,285,149	$	917	$	18,179	$	288,047	$	(275,283	)	$	(132	)	$	(78	)	$	31,650
						-
Stock-based compensation										38											38
Net loss												(710	)								(710	)
Other comprehensive income															73						73

Balance, June 30, 2023		-		917,285,149	$	917	$	18,179	$	288,085	$	(275,993	)	$	(59	)	$	(78	)	$	31,051

The following table provides the Company’s changes in equity for the six months ended June 30, 2023:

	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, 2022		-		917,285,149	$	917	$	18,179	$	288,013	$	(274,696	)	$	(296	)	$	(78	)	$	32,039

Stock-based compensation										72											72
Net loss												(1,297	)								(1,297	)
Other comprehensive income															237						237

Balance, June 30, 2023		-		917,285,149	$	917	$	18,179	$	288,085	$	(275,993	)	$	(59	)	$	(78	)	$	31,051

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 loss															(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 entire disclosure for equity.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
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Note 15 - Consolidated Statements of Changes in Equity (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023		-		917,285,149	$	917	$	18,179	$	288,047	$	(275,283	)	$	(132	)	$	(78	)	$	31,650
						-
Stock-based compensation										38											38
Net loss												(710	)								(710	)
Other comprehensive income															73						73

Balance, June 30, 2023		-		917,285,149	$	917	$	18,179	$	288,085	$	(275,993	)	$	(59	)	$	(78	)	$	31,051

	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, 2022		-		917,285,149	$	917	$	18,179	$	288,013	$	(274,696	)	$	(296	)	$	(78	)	$	32,039

Stock-based compensation										72											72
Net loss												(1,297	)								(1,297	)
Other comprehensive income															237						237

Balance, June 30, 2023		-		917,285,149	$	917	$	18,179	$	288,085	$	(275,993	)	$	(59	)	$	(78	)	$	31,051

	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 loss															(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

Note 13 - Stock Compensation Plan

6 Months Ended

Jun. 30, 2023

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 5,654,000 and 5,674,000 shares of the Company’s common stock as of June 30, 2023 and December 31, 2022, 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 20,941,667 shares of the Company’s common stock as of June 30, 2023 and December 31, 2022, respectively.

Stock based compensation expense attributable to these plans was $38 and $72 for the three and six months ended June 30, 2023 and 2023, respectively. This compares to $54 and $97 for the three and six months ended June 30, 2022, respectively.

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

6 Months Ended

Jun. 30, 2023

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)	$	11,940	$	8,877	$	3,063	$	-
Investments in debt securities (long-term)		1,964		486		1,478		-

	Fair Value		Level 1		Level 2		Level 3

Investments in debt securities (short-term)	$	16,436	$	13,661	$	2,775	$	-
Investments in debt securities (long-term)		5,645		1,555		4,090		-

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net loss	$ (710)	$ (615)	$ (1,297)	$ (1,282)
Other comprehensive income (loss), net of tax
Net unrealized gains (losses) on available-for-sale securities	73	(75)	237	(285)
Other comprehensive income (loss), net of tax	73	(75)	237	(285)
Comprehensive loss	(637)	(690)	(1,060)	(1,567)
Less: Comprehensive loss attributable to noncontrolling interests	0	1	0	1
Comprehensive loss attributable to Liquidmetal Technologies shareholders	$ (637)	$ (689)	$ (1,060)	$ (1,566)

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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Investment, Policy [Policy Text Block]

Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

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, 2023, 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)	$	11,940	$	8,877	$	3,063	$	-
Investments in debt securities (long-term)		1,964		486		1,478		-

As of December 31, 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)	$	16,436	$	13,661	$	2,775	$	-
Investments in debt securities (long-term)		5,645		1,555		4,090		-

Lessee, Leases [Policy Text Block]

Leases

New Accounting Pronouncements, Policy [Policy Text Block]

Other Recent Pronouncements

Disclosure of accounting policy for investment in financial asset.

+ References + Details

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2023	Aug. 10, 2023
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	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
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	917,285,149
Common stock, shares outstanding (in shares)	917,285,149	917,285,149

Note 11 - Accrued Liabilities (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Accrued Liabilities [Table Text Block]

	June 30,		December 31,
	2023		2022

Accrued payroll, vacation, and bonuses	$	137	$	124
Accrued severance		56		56
Accrued audit fees		71		85
Total	$	264	$	265

Note 8 - Property and Equipment, Net - Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property and equipment, gross	$ 11,237	$ 11,237
Accumulated depreciation	(3,413)	(3,257)
Total property and equipment, net	7,824	7,980
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 - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 03, 2023	Dec. 31, 2022
Accrued payroll, vacation, and bonuses	$ 137		$ 124
Accrued severance	56		56
Accrued audit fees	71		85
Total	$ 264	$ 264	$ 265

Note 11 - Accrued Liabilities

6 Months Ended

Jun. 30, 2023