Aqua metals, inc. (AQMS)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14
Cash flows from operating activities:
Net loss

-4,427

-11,270

-11,316

-10,501

-11,708

-13,532

-9,263

-9,927

-7,532

-7,031

-6,290

-8,365

-4,894

-4,935

-3,517

-2,931

-2,174

-2,367

-2,085

-2,981

-4,898

-2,101

-272

Reconciliation of net loss to net cash used in operating activities
Depreciation

612

-

-

-

843

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

612

912

1,050

1,094

843

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

800

759

762

722

665

284

205

120

78

35

31

19

3

1

0

Amortization of intellectual property

45

63

45

44

48

47

48

48

47

45

43

39

36

35

34

28

31

29

27

27

26

26

17

Accretion of asset retirement obligation

12

-

11

12

11

-

11

10

11

-

11

10

0

-

-

-

-

-

-

-

-

-

-

Fair value of common stock issued for consulting services

24

850

1,031

1,857

1,187

423

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of warrants issued for consulting services

-

-

-

-

-

-

-

-

-

-

-

-

-

0

65

58

15

65

0

0

0

-

-

Fair value of common stock issued for consulting services

24

850

1,031

1,857

1,187

423

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of common stock issued as reimbursement for expenses paid by founders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

39

Stock-based compensation

956

1,307

901

931

1,067

348

361

348

144

489

125

306

161

162

160

530

208

126

94

81

0

0

0

Warrant expense

0

1,734

1,734

1,734

578

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in fair value of derivative liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-277

-1,602

-3,896

-1,172

0

Amortization of debt discount

-

-

-

-

-

854

555

362

235

154

99

65

42

28

18

8

0

0

454

227

227

151

0

Amortization of deferred financing costs

9

9

9

9

29

19

22

21

21

20

21

20

22

18

22

13

9

5

0

0

0

-

-

Non-cash convertible note interest expense

0

0

0

0

2,556

181

176

170

163

162

158

152

146

146

141

56

0

-

-

-

-

-

-

Non-cash convertible note interest expense

0

0

0

0

2,556

181

176

170

163

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense

0

0

-23

17

101

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of Ebonex asset

0

0

0

0

90

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of equipment

0

-70

0

0

-79

-859

-10

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory adjustment

0

0

0

119

-119

0

49

91

39

456

0

0

0

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities
Accounts receivable

-244

-1,469

700

587

-299

-136

501

-966

444

305

-16

593

0

-

-

-

-

-

-

-

-

-

-

Inventory

-48

-566

81

645

332

-324

-109

405

-267

477

188

733

238

59

0

0

0

-

204

-11

149

-

0

Prepaid expenses and other current assets

-558

105

297

-576

786

48

104

-420

-132

-86

-377

-74

301

314

98

-36

18

-259

200

133

20

-12

25

Accounts payable

-740

-1,940

310

1,960

493

-11

372

-33

144

-226

-251

1,096

307

-676

757

-346

89

2,504

512

86

49

2

37

Accrued expenses

-1,522

-117

691

-1,921

-684

3,182

182

562

83

151

841

-15

-53

34

-259

705

84

11

-172

112

116

75

2

Deferred rent

0

-5

0

0

-35

16

-23

-47

-46

-45

-46

-43

-43

-42

-43

36

78

89

75

0

0

-

-

Other assets and liabilities

81

128

125

226

21

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-4,262

-6,586

-6,760

-5,527

-6,304

-6,928

-7,208

-6,224

-5,958

-5,676

-4,322

-4,854

-4,150

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities:
Deferred liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,687

-1,600

-

-977

-947

-747

-367

-199

Decrease (increase) in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,707

4,425

1,131

-11,667

0

0

0

-

-

Purchases of property and equipment

1,563

4,656

4,948

1,586

1,612

636

666

1,054

1,337

2,201

1,060

3,326

2,232

8,216

7,216

9,328

4,396

9,843

589

1,101

103

206

40

Other assets

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

45

-

-

-

0

-

-

-

-

0

0

Equipment deposits and other assets

36

-

-

-

-38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance proceeds

4,748

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Payments to Acquire Intangible Assets

-

-

-

-

-

-

-

-

-

179

46

347

43

35

74

63

28

140

0

6

0

13

0

Net cash provided by (used in) investing activities

3,149

-1,306

-4,969

-2,725

-1,574

-862

-676

-1,054

-1,337

-2,721

-1,106

-3,628

-2,320

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities:
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,966

-3,293

-

-4,235

-1,107

-103

-219

-40

Proceeds from issuance of common stock, net of transaction costs

-

0

0

20,317

9,063

-1

0

26,647

2,107

13,769

926

-24

10,654

21,542

53

9,114

0

-

-

-

-

0

0

Payments on notes payable

76

74

42

89

90

71

69

68

69

68

50

39

44

14

0

0

0

-

-

-

-

-

-

Payments on finance leases

-

-

-

-

-

-

34

39

39

34

34

35

33

31

12

5

4

-

-

-

-

-

-

Payments on convertible note

-

-

0

0

6,651

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-76

-74

-42

20,228

2,322

-90

-103

26,540

1,999

13,667

842

-98

10,577

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-1,189

-7,966

-11,771

11,976

-5,556

-7,880

-7,987

19,262

-5,296

-

-4,586

-8,580

4,107

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of cash flows information
Cash paid for income taxes

0

-

0

0

2

-

0

0

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

161

243

82

184

188

203

155

142

168

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Proceeds from convertible note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,863

500

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,959

-4

-

32,862

0

0

4,864

500

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,142

7,306

-4,897

-9,140

27,650

-2,055

-850

4,277

259

Supplemental disclosure of non-cash transactions
Change in accounts receivable resulting from insurance funds held in escrow

2,750

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest, net of amounts capitalized

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Tenant improvement allowances

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

78

869

0

0

0

-

-

Non-cash financing activities
Capital lease

-

-

-

-

-

-

-

-

-

-

-

-

-

167

42

0

101

-

0

0

0

-

-

Fair value of common stock issued to founders as reimbursement for expenses paid prior to inception

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

39

Fair value of common stock issued upon conversion of convertible notes and accrued interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Total non-cash financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,352

39

Supplemental disclosure of non-cash transactions
Change in property and equipment resulting from change in accounts payable

-973

-1,484

467

-1,359

455

225

-191

-358

504

-718

134

-1,239

761

-1,348

731

-1,249

3,066

-

0

0

0

-

-

Change in property and equipment resulting from change in accrued expenses

189

-1,187

477

-321

103

-22

-204

-1

213

-396

628

-562

-768

1,207

123

-1,046

1,046

-

-

-

0

-

-

Change in equity resulting from change in accrued expenses

24

-

0

1,300

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in deposits resulting from increase in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Decrease in restricted cash resulting from a decrease in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,644

-

0

0

0

-

-

Asset retirement obligation offset with asset retirement cost (property and equipment)

-

-

-

-

-

-

-

-

-

0

0

0

670

0

0

0

0

-

-

-

-

-

-