Liquidmetal (LQMT) 10-Q 12 Nov 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 08, 2019
Document Information [Line Items]
Entity Registrant Name	LIQUIDMETAL TECHNOLOGIES INC
Entity Central Index Key	0001141240
Trading Symbol	lqmt
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding (in shares)		914,359,124
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Common stock, $0.001 par value per share

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash	$ 31,219	$ 35,229
Restricted cash	5	5
Trade accounts receivable	312	120
Inventory	86	31
Prepaid expenses and other current assets	411	363
Total current assets	32,033	35,748
Property and equipment, net	9,081	11,767
Patents and trademarks, net	259	322
Equipment held for sale	585
Other assets	14	14
Total assets	41,972	47,851
Current liabilities:
Accounts payable	124	253
Accrued liabilities	508	270
Deferred revenue	1	31
Total current liabilities	633	554
Long-term liabilities:
Other long-term liabilities	856	856
Total liabilities	1,489	1,410
Shareholders' equity:
Preferred Stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively
Common stock, $0.001 par value; 1,100,000,000 shares authorized; 914,359,124 and 914,206,832 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively	914	914
Warrants	18,179	18,179
Additional paid-in capital	286,705	286,276
Accumulated deficit	(265,240)	(258,854)
Non-controlling interest in subsidiary	(75)	(74)
Total shareholders' equity	40,483	46,441
Total liabilities and shareholders' equity	$ 41,972	$ 47,851

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
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)	914,359,124	914,206,832
Common stock, shares outstanding (in shares)	914,359,124	914,206,832

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue
Revenues	$ 421,000	$ 253,000	$ 776,000	$ 388,000
Cost of sales	284,000	884,000	566,000	1,026,000
Gross profit (loss)	137,000	(631,000)	210,000	(638,000)
Operating expenses
Selling, marketing, general and administrative	1,380,000	1,381,000	4,088,000	4,493,000
Research and development	284,000	601,000	1,179,000	1,855,000
Impairment of long-lived assets	0		1,676,000
Gain on disposal of fixed assets	(7,000)		(2,000)
Total operating expenses	1,657,000	1,982,000	6,941,000	6,348,000
Operating loss	(1,520,000)	(2,613,000)	(6,731,000)	(6,986,000)
Interest income	125,000	89,000	344,000	157,000
Net loss and comprehensive loss	(1,395,000)	(2,524,000)	(6,387,000)	(6,829,000)
Net loss attributable to non-controlling interest		1,000	1,000	1,000
Net loss and comprehensive loss attributable to Liquidmetal Technologies shareholders	$ (1,395,000)	$ (2,523,000)	$ (6,386,000)	$ (6,828,000)
Net loss per common share attributable to Liquidmetal Technologies shareholders, basic and diluted (in dollars per share)	$ 0	$ 0	$ (0.01)	$ (0.01)
Number of weighted average shares - basic and diluted (in shares)	914,359,124	909,972,342	914,332,758	909,366,218
Product [Member]
Revenue
Revenues	$ 373,000	$ 205,000	$ 728,000	$ 340,000
License [Member]
Revenue
Revenues	$ 48,000	$ 48,000	$ 48,000	$ 48,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating activities:
Net loss	$ (6,387,000)	$ (6,829,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Mark-down of inventory		641,000
Depreciation and amortization	848,000	802,000
Stock-based compensation	415,000	725,000
Impairment of long-lived assets	1,676,000
Loss on disposal of fixed assets	(2,000)
Changes in operating assets and liabilities:
Trade accounts receivable	(192,000)	(15,000)
Inventory	(55,000)	(269,000)
Prepaid expenses and other current assets	(48,000)	(22,000)
Accounts payable and accrued liabilities	109,000	31,000
Deferred revenue	(30,000)	6,000
Net cash used in operating activities	(3,666,000)	(4,930,000)
Investing Activities:
Purchases of property and equipment	(630,000)	(156,000)
Proceeds from disposal of fixed assets	272,000
Net cash used in investing activities	(358,000)	(156,000)
Financing Activities:
Proceeds from exercise of stock options	14,000	125,000
Net cash provided by financing activities	14,000	125,000
Net decrease in cash and restricted cash	(4,010,000)	(4,961,000)
Cash and restricted cash at beginning of period	35,234,000	41,314,000
Cash and restricted cash at end of period	$ 31,224,000	$ 36,353,000

Note 1 - Description of Busines

Note 1 - Description of Business	9 Months Ended
	Sep. 30, 2019
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 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 not one not 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. In July 2019, “2019 2019

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation and Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
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 nine September 30, 2019 September 30, 2018 10 not three nine September 30, 2019 not may December 31, 2019. 2018 10 March 5, 2019. Impairment of long-lived assets The Company reviews long-lived assets to be held and used in operations for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may may not 3 $0 $1,676 three nine September 30, 2019, not 2019 Leases In February 2016, January 1, 2019, not not Liability Classified Warrants In July 2017, January 1, 2019, December 31, 2018 $6,970, $4,778, $2,192. $1,267 December 31, 2018. $1,267 $585 $593 three nine September 30, 2018, no December 31, 2018 three nine September 30, 2018: Balance Sheet Warrant Liability APIC Accum Def. Balance as of 12/31/2018 (Prior to Adoption of ASU 2017-11) $ 925 $ 279,306 $ (252,809 ) Reverse beginning balance as of January 1, 2018 (2,192 ) 6,970 (4,778 ) Change in fair value of warrant liability 1,267 - (1,267 ) Balance as of 12/31/2018 (After Adoption of ASU 2017-11) $ - $ 286,276 $ (258,854 ) Statement of Operations For the three-months ended September 30, 2018 For the nine-months ended September 30, 2018 Change in Value of Warrant Liability Net Loss and Comprehensive Loss Change in Value of Warrant Liability Net Loss and Comprehensive Loss Balance as of 9/30/2018 (Prior to Adoption of ASU 2017-11) $ 585 $ (1,939 ) $ 593 $ (6,236 ) Reverse beginning balance as of January 1, 2018 - - - - Change in fair value of warrant liability (585 ) (585 ) (593 ) (593 ) Balance as of 9/30/2018 (After Adoption of ASU 2017-11) $ - $ (2,524 ) $ - $ (6,829 ) 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 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 not Level 3 Unobservable inputs that are supported by little or no Other recent pronouncements Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants and the SEC did not not

Note 3 - Significant Transactio

Note 3 - Significant Transactions	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Significant Transactions [Text Block]	3 . Significant Transactions Manufacturing Facility Purchase On February 16, 2017, 41,000 July 2017. $7,818. 2019 third 2016 Purchase Agreement On March 10, 2016, “2016 2016 405,000,000 $63,400. 105,000,000 $8,400 $0.08 March 10, 2016 200,000,000 $0.15 100,000,000 $0.25 $55,000 October 26, 2016. In addition to the shares issuable under the 2016 10,066,809 2,609,913 March 10, 2016 7,456,896 October 26, 2016 $0.07 tenth Further, the 2016 three one 2016 fifth 2016 Eontec License Agreement On March 10, 2016, 2016 The License Agreement provides for the cross-license of 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 to accelerate the commercialization of amorphous alloy technology. This includes but is not third In March 2017, two $780. April 2017 fourth 2017. 2019 Apple License Transaction On August 5, 2010, property in the field of consumer electronic products, as defined in the license agreement, in exchange for a license fee, and (iii) CIP granted back to the Company a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in all other fields of use. 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. Other License Transactions On January 31, 2012, five December 6, 2013, 10 The Company’s majority-owned Liquidmetal Golf subsidiary has the exclusive right and license to utilize the Company’s Liquidmetal alloy technology for purposes of golf equipment applications. This right and license is set forth in an intercompany license agreement between Liquidmetal Technologies and Liquidmetal Golf. This license agreement provides that Liquidmetal Golf has a perpetual and exclusive license to use Liquidmetal alloy technology for the purpose of manufacturing, marketing, and selling golf club parts and other products used in the sport of golf. The Company owns 79% In June 2003, December 31, 2021. In March 2009, March 2011,

Note 4 - Prepaid Expenses and O

Note 4 - Prepaid Expenses and Other Current Assets	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Prepaid Expenses and Other Current Assets [Text Block]	4 . P repaid Expenses and Other Current Assets Prepaid expenses and other current assets totaled $411 $363 September 30, 2019 December 31, 2018, September 30, December 31, Prepaid service invoices $ 69 $ 79 Prepaid manufacturing and mold costs 69 91 Prepaid insurance premiums 273 193 Total $ 411 $ 363

Note 5 - Inventory

Note 5 - Inventory	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Inventory Disclosure [Text Block]	5 . Inventory Inventory totaled $86 $31 September 30, 2019 December 31, 2018, September 30, December 31, Work in progress $ 86 $ 31 Total $ 86 $ 31

Note 6 - Property and Equipment

Note 6 - Property and Equipment, Net	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	6 . Property and Equipment, net Property and equipment consist of the following: September 30, December 31, Land, building, and improvements $ 9,494 $ 9,039 Machinery and equipment 1,494 5,745 Computer equipment 272 282 Office equipment, furnishings, and improvements 63 181 Total 11,323 15,247 Accumulated depreciation (2,242 ) (3,480 ) Total property and equipment, net $ 9,081 $ 11,767 Depreciation expense for three nine September 30, 2019 $265 $785, three nine September 30, 2018 $253 $736, three nine September 30, 2019, $24 $75 $241 $710 three nine September 30, 2018, $18 $45 $235 $691 The 2019 2019 $1,676, three June 30, 2019. 2019 During the three September 30, 2019, not 2019 $267. $7 three September 30, 2019.

Note 7 - Equipment Held for Sal

Note 7 - Equipment Held for Sale	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Disclosure of Equipment Held-for-sale [Text Block]	7. During the three September 30, 2019, $585 2019 September 30, 2019, $600. fourth No

Note 8 - Patents and Trademarks

Note 8 - Patents and Trademarks, Net	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	8 . Patents and T rademarks, net Net patents and trademarks totaled $259 $322 September 30, 2019 December 31, 2018, 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 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 17 $21 $63 three nine September 30, 2019, $22 $66 three nine September 30, 2018,

Note 9 - Other Assets

Note 9 - Other Assets	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Other Assets Disclosure [Text Block]	9 . Other Assets Other assets totaled $14 $14 September 30, 2019 December 31, 2018,

Note 10 - Accrued Liabilities

Note 10 - Accrued Liabilities	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	10 . Accrued Liabilities Accrued liabilities totaled $508 $270 September 30, 2019 December 31, 2018, September 30, December 31, Accrued payroll, vacation, and bonuses $ 157 $ 178 Accrued severance and settlements 256 10 Accrued audit fees 95 82 Total $ 508 $ 270 In connection with the 2019 2019 July 2019, $273 three September 30, 2019. September 30, 2019, $256

Note 11 - Other Long-term Liabi

Note 11 - Other Long-term Liabilities	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	1 1 . Other Long- T erm L iabilities Other long-term liabilities were $856 September 30, 2019 December 31, 2018, third 5

Note 12 - Stock Compensation Pl

Note 12 - Stock Compensation Plans	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	1 2 . Stock Compensation Plan s On April 4, 2002, 2002 “2002 2002 10,000,000 2002 2002 April 2012, September 30, 2019 December 31, 2018, 69,000 169,000 2002 On June 28, 2012, 2012 “2012 2012 422 1986, 30,000,000 may 2012 2012 nine September 30, 2019, no 7,892,666 11,755,503 September 30, 2019 December 31, 2018, On January 27, 2015, 2015 “2015 40,000,000 2015 2015 nine September 30, 2019, no 12,341,667 16,906,667 September 30, 2019 December 31, 2018, Stock based compensation expense attributable to these plans was $73 $415 three nine September 30, 2019, $179 $725 three nine September 30, 2018, In connection with the separation of former executives and directors, the Company has modified previously granted equity awards to allow for the acceleration of vesting of equity awards, and the extension of the timing to exercise vested awards, following the respective separation dates. The Company incurred incremental stock-based compensation expense of $0 $0 three nine September 30, 2019, $0 $104 three nine September 30, 2018,

Note 13 - Consolidated Statemen

Note 13 - Consolidated Statements of Changes in Equity	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	1 3 . Consolidated Statements of Changes in Equity The following table provides the Company’s changes in equity for the three September 30, 2019: Preferred Shares Common Common Warrants part of Additional Paid-in Capital Additional Accumulated Non- Controlling Interest Total Balance, June 30, 2019 - 914,359,124 $ 914 $ 18,179 $ 286,632 $ (263,845 ) $ (75 ) $ 41,805 Stock option exercises - - - - Stock-based compensation - - 73 73 Net loss (1,395 ) - (1,395 ) Balance, September 30, 2019 - 914,359,124 $ 914 $ 18,179 $ 286,705 $ (265,240 ) $ (75 ) $ 40,483 The following table provides the Company’s changes in equity for the nine September 30, 2019: Preferred Shares Common Common Warrants part of Additional Paid-in Capital Additional Accumulated Non- Controlling Interest Total Balance, December 31, 2018 - 914,206,832 $ 914 $ 18,179 $ 286,276 $ (258,854 ) $ (74 ) $ 46,441 Stock option exercises 152,292 - 14 14 Stock-based compensation - - 415 415 Net loss (6,386 ) (1 ) (6,387 ) Balance, September 30, 2019 - 914,359,124 $ 914 $ 18,179 $ 286,705 $ (265,240 ) $ (75 ) $ 40,483 The following table provides the Company’s changes in equity for the three September 30, 2018: Preferred Shares Common Common Warrants part of Additional Paid-in Capital Additional Accumulated Non- Controlling Interest Total Balance, June 30, 2018 - 909,239,009 $ 909 $ 18,179 $ 285,488 $ (254,459 ) $ (73 ) $ 50,044 Stock option exercises 733,333 1 77 78 Stock-based compensation - - 178 178 Net loss (2,523 ) (1 ) (2,524 ) Balance, September 30, 2018 - 909,972,342 $ 910 $ 18,179 $ 285,743 $ (256,982 ) $ (74 ) $ 47,776 The following table provides the Company’s changes in equity for the nine September 30, 2018: Preferred Shares Common Common Warrants part of Additional Paid-in Capital Additional Accumulated Non- Controlling Interest Total Balance, December 31, 2017 - 908,768,116 $ 909 $ 18,179 $ 284,894 $ (250,154 ) $ (73 ) $ 53,755 Stock option exercises 1,204,226 1 124 125 Stock-based compensation - - 725 725 Net loss (6,828 ) (1 ) (6,829 ) Balance, September 30, 2018 - 909,972,342 $ 910 $ 18,179 $ 285,743 $ (256,982 ) $ (74 ) $ 47,776

Note 14 - Loss Per Common Share

Note 14 - Loss Per Common Share	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	1 4 . 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 20,303,333 $0.07 $0.38 September 30, 2019, not 10,066,809 $0.07 September 30, 2019, not Options to purchase 33,359,068 $0.07 $0.47 September 30, 2018, not 10,066,809 $0.07 September 30, 2018, not

Note 15 - Commitments and Conti

Note 15 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	1 5 . Commitments and Contingencies Legal Contingencies During October 2018, April 30, 2019, $250 June 30, 2019.

Note 16 - Related Party Transac

Note 16 - Related Party Transactions	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	1 6 . Related Party Transactions On March 10, 2016, 2016 405,000,000 $63,400. 2016 March 10, 2016, September 30, 2019, 5% $0 $0 three nine September 30, 2019, $85 $133 three nine September 30, 2018,

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of long-lived assets The Company reviews long-lived assets to be held and used in operations for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may may not 3 $0 $1,676 three nine September 30, 2019, not 2019
Lessee, Leases [Policy Text Block]	Leases In February 2016, January 1, 2019, not not
Adoption of New Accounting Pronouncements [Policy Text Block]	Liability Classified Warrants In July 2017, January 1, 2019, December 31, 2018 $6,970, $4,778, $2,192. $1,267 December 31, 2018. $1,267 $585 $593 three nine September 30, 2018, no December 31, 2018 three nine September 30, 2018: Balance Sheet Warrant Liability APIC Accum Def. Balance as of 12/31/2018 (Prior to Adoption of ASU 2017-11) $ 925 $ 279,306 $ (252,809 ) Reverse beginning balance as of January 1, 2018 (2,192 ) 6,970 (4,778 ) Change in fair value of warrant liability 1,267 - (1,267 ) Balance as of 12/31/2018 (After Adoption of ASU 2017-11) $ - $ 286,276 $ (258,854 ) Statement of Operations For the three-months ended September 30, 2018 For the nine-months ended September 30, 2018 Change in Value of Warrant Liability Net Loss and Comprehensive Loss Change in Value of Warrant Liability Net Loss and Comprehensive Loss Balance as of 9/30/2018 (Prior to Adoption of ASU 2017-11) $ 585 $ (1,939 ) $ 593 $ (6,236 ) Reverse beginning balance as of January 1, 2018 - - - - Change in fair value of warrant liability (585 ) (585 ) (593 ) (593 ) Balance as of 9/30/2018 (After Adoption of ASU 2017-11)
Fair Value Measurement, Policy [Policy Text Block]	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 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 not Level 3 Unobservable inputs that are supported by little or no
New Accounting Pronouncements, Policy [Policy Text Block]	Other recent pronouncements Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants and the SEC did not not

Note 2 - Basis of Presentatio_2

Note 2 - Basis of Presentation and Recent Accounting Pronouncements (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	Balance Sheet Warrant Liability APIC Accum Def. Balance as of 12/31/2018 (Prior to Adoption of ASU 2017-11) $ 925 $ 279,306 $ (252,809 ) Reverse beginning balance as of January 1, 2018 (2,192 ) 6,970 (4,778 ) Change in fair value of warrant liability 1,267 - (1,267 ) Balance as of 12/31/2018 (After Adoption of ASU 2017-11) $ - $ 286,276 $ (258,854 ) Statement of Operations For the three-months ended September 30, 2018 For the nine-months ended September 30, 2018 Change in Value of Warrant Liability Net Loss and Comprehensive Loss Change in Value of Warrant Liability Net Loss and Comprehensive Loss Balance as of 9/30/2018 (Prior to Adoption of ASU 2017-11) $ 585 $ (1,939 ) $ 593 $ (6,236 ) Reverse beginning balance as of January 1, 2018 - - - - Change in fair value of warrant liability (585 ) (585 ) (593 ) (593 ) Balance as of 9/30/2018 (After Adoption of ASU 2017-11) $ - $ (2,524 ) $ - $ (6,829 )

Note 4 - Prepaid Expenses and_2

Note 4 - Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Prepaid Expenses and Other Current Assets [Table Text Block]	September 30, December 31, Prepaid service invoices $ 69 $ 79 Prepaid manufacturing and mold costs 69 91 Prepaid insurance premiums 273 193 Total $ 411 $ 363

Note 5 - Inventory (Tables)

Note 5 - Inventory (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 30, December 31, Work in progress $ 86 $ 31 Total $ 86 $ 31

Note 6 - Property and Equipme_2

Note 6 - Property and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Property, Plant and Equipment [Table Text Block]	September 30, December 31, Land, building, and improvements $ 9,494 $ 9,039 Machinery and equipment 1,494 5,745 Computer equipment 272 282 Office equipment, furnishings, and improvements 63 181 Total 11,323 15,247 Accumulated depreciation (2,242 ) (3,480 ) Total property and equipment, net $ 9,081 $ 11,767

Note 10 - Accrued Liabilities (

Note 10 - Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	September 30, December 31, Accrued payroll, vacation, and bonuses $ 157 $ 178 Accrued severance and settlements 256 10 Accrued audit fees 95 82 Total $ 508 $ 270

Note 13 - Consolidated Statem_2

Note 13 - Consolidated Statements of Changes in Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Preferred Shares Common Common Warrants part of Additional Paid-in Capital Additional Accumulated Non- Controlling Interest Total Balance, June 30, 2019 - 914,359,124 $ 914 $ 18,179 $ 286,632 $ (263,845 ) $ (75 ) $ 41,805 Stock option exercises - - - - Stock-based compensation - - 73 73 Net loss (1,395 ) - (1,395 ) Balance, September 30, 2019 - 914,359,124 $ 914 $ 18,179 $ 286,705 $ (265,240 ) $ (75 ) $ 40,483 Preferred Shares Common Common Warrants part of Additional Paid-in Capital Additional Accumulated Non- Controlling Interest Total Balance, December 31, 2018 - 914,206,832 $ 914 $ 18,179 $ 286,276 $ (258,854 ) $ (74 ) $ 46,441 Stock option exercises 152,292 - 14 14 Stock-based compensation - - 415 415 Net loss (6,386 ) (1 ) (6,387 ) Balance, September 30, 2019 - 914,359,124 $ 914 $ 18,179 $ 286,705 $ (265,240 ) $ (75 ) $ 40,483 Preferred Shares Common Common Warrants part of Additional Paid-in Capital Additional Accumulated Non- Controlling Interest Total Balance, June 30, 2018 - 909,239,009 $ 909 $ 18,179 $ 285,488 $ (254,459 ) $ (73 ) $ 50,044 Stock option exercises 733,333 1 77 78 Stock-based compensation - - 178 178 Net loss (2,523 ) (1 ) (2,524 ) Balance, September 30, 2018 - 909,972,342 $ 910 $ 18,179 $ 285,743 $ (256,982 ) $ (74 ) $ 47,776 Preferred Shares Common Common Warrants part of Additional Paid-in Capital Additional Accumulated Non- Controlling Interest Total Balance, December 31, 2017 - 908,768,116 $ 909 $ 18,179 $ 284,894 $ (250,154 ) $ (73 ) $ 53,755 Stock option exercises 1,204,226 1 124 125 Stock-based compensation - - 725 725 Net loss (6,828 ) (1 ) (6,829 ) Balance, September 30, 2018 - 909,972,342 $ 910 $ 18,179 $ 285,743 $ (256,982 ) $ (74 ) $ 47,776

Note 2 - Basis of Presentatio_3

Note 2 - Basis of Presentation and Recent Accounting Pronouncements (Details Textual) - USD ($)	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Jan. 01, 2019
Impairment of Intangible Assets, Finite-lived	$ 0	$ 1,676,000		$ 1,676,000
Fair Value Adjustment of Warrants
Warrant [Member]
Derivative Liability, Total
Accounting Standards Update 2017-11 [Member] | Warrant [Member]
Derivative Liability, Total							$ (2,192,000)
Fair Value Adjustment of Warrants						(1,267,000)
Additional Paid-in Capital [Member] | Accounting Standards Update 2017-11 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption							6,970,000
Retained Earnings [Member] | Accounting Standards Update 2017-11 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption							$ (4,778,000)
Retained Earnings [Member] | Accounting Standards Update 2017-11 [Member] | Warrant [Member]
Fair Value Adjustment of Warrants			$ 585,000		$ 593,000	$ (1,267,000)

Note 2 - Basis of Presentatio_4

Note 2 - Basis of Presentation and Recent Accounting Pronouncements - Adoption of New Accounting Pronouncement (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Jan. 01, 2019
Additional paid-in capital	$ 286,705,000		$ 286,705,000		$ 286,276,000
Accumulated deficit	(265,240,000)		(265,240,000)		(258,854,000)
Change in value of warrants, gain (loss)
Net loss	$ (1,395,000)	(2,523,000)	$ (6,386,000)	(6,828,000)
Warrant [Member]
Warrant liability
Warrant [Member] | Accounting Standards Update 2017-11 [Member]
Warrant liability						$ (2,192,000)
Change in value of warrants, gain (loss)					(1,267,000)
Warrant [Member] | Accounting Standards Update 2017-11 [Member] | Retained Earnings [Member]
Change in value of warrants, gain (loss)		585,000		593,000	(1,267,000)
Previously Reported [Member]
Additional paid-in capital					279,306,000
Accumulated deficit					(252,809,000)
Change in value of warrants, gain (loss)		585,000		593,000
Net loss		(1,939,000)		(6,236,000)
Previously Reported [Member] | Warrant [Member]
Warrant liability					925,000
Restatement Adjustment [Member] | Accounting Standards Update 2017-11 [Member]
Additional paid-in capital					6,970,000
Accumulated deficit					(4,778,000)
Change in value of warrants, gain (loss)		(585,000)		(593,000)
Net loss		$ (585,000)		$ (593,000)
Restatement Adjustment [Member] | Accounting Standards Update 2017-11 [Member] | Retained Earnings [Member]
Change in value of warrants, gain (loss)					(1,267,000)
Restatement Adjustment [Member] | Warrant [Member] | Accounting Standards Update 2017-11 [Member]
Warrant liability					(2,192,000)
Change in value of warrants, gain (loss)					$ 1,267,000

Note 3 - Significant Transact_2

Note 3 - Significant Transactions (Details Textual) $ / shares in Units, $ in Thousands	Feb. 16, 2017USD ($)ft²	Mar. 10, 2016USD ($)$ / sharesshares	Dec. 06, 2013	Jan. 31, 2012	Mar. 31, 2017USD ($)	Oct. 26, 2016USD ($)$ / sharesshares
Area of Land | ft²	41,000
Liquidmetal Golf [Member]
Noncontrolling Interest, Ownership Percentage by Parent				79.00%
Eontec [Member]
Purchase Price for Machinery and Equipment | $					$ 780
Warrants in Connection with the 2016 Purchase Agreement [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		10,066,809
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares						$ 0.07
Warrants and Rights Outstanding, Term						10 years
Warrants in Connection with the 2016 Purchase Agreement [Member] | Vest on March 10, 2016 [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		2,609,913
Warrants in Connection with the 2016 Purchase Agreement [Member] | Vest on October 26, 2016 [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights						7,456,896
The 2016 Purchase Agreement [Member]
Common Stock Purchase Agreement, Number of Shares Authorized to Issue and Sell to Investors		405,000,000
Common Stock Purchase Agreement, Value of Shares Authorized to Issue and Sell to Investors | $		$ 63,400
Stock Issued During Period, Shares, New Issues		105,000,000
Stock Issued During Period, Value, New Issues | $		$ 8,400
Sale of Stock, Price Per Share | $ / shares		$ 0.08
Common Stock Purchase Agreement, Purchase Price per Share, After Satisfaction of Certain Conditions | $ / shares						$ 0.15
Common Stock Purchase Agreement, the Other Purchase Price per Share, No Later than 90 Days after Satisfaction of Certain Conditions | $ / shares						$ 0.25
Common Stock Purchase Agreement, Value of Shares Authorized to Be Purchased No Later than 90 Days after Satisfaction of Certain Conditions | $						$ 55,000
The 2016 Purchase Agreement [Member] | Common Stock, Purchase Price per Share of $0.15 [Member]
Common Stock Purchase Agreement, Remaining Number of Shares to be Purchased, After the Satisfaction of Certain Conditions						200,000,000
The 2016 Purchase Agreement [Member] | Common Stock, Purchase Price per Share of $0.25 [ Member]
Common Stock Purchase Agreement, Remaining Number of Shares to be Purchased, After the Satisfaction of Certain Conditions						100,000,000
Valencia Circle, LLC [Member]
Payments to Acquire Buildings | $	$ 7,818
Engel [Member]
Supply and License Agreement, Term				5 years
Exclusive License Agreement, Term			10 years

Note 4 - Prepaid Expenses and_3

Note 4 - Prepaid Expenses and Other Current Assets (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Prepaid Expense and Other Assets, Current	$ 411	$ 363

Note 4 - Prepaid Expenses and_4

Note 4 - Prepaid Expenses and Other Current Assets - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Prepaid service invoices	$ 69	$ 79
Prepaid manufacturing and mold costs	69	91
Prepaid insurance premiums	273	193
Total	$ 411	$ 363

Note 5 - Inventory (Details Tex

Note 5 - Inventory (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventory, Net, Total	$ 86	$ 31

Note 5 - Inventory - Schedule o

Note 5 - Inventory - Schedule of Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Work in progress	$ 86	$ 31
Total	$ 86	$ 31

Note 6 - Property and Equipme_3

Note 6 - Property and Equipment, Net (Details Textual) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Depreciation, Total	$ 265,000		$ 253,000	$ 785,000	$ 736,000
Impairment of Intangible Assets, Finite-lived	0	$ 1,676,000		1,676,000
Proceeds from Sale of Property, Plant, and Equipment, Total				272,000
Restructuring Plan 2019 [Member] | Equipment [Member]
Proceeds from Sale of Property, Plant, and Equipment, Total	267,000
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	7,000
Cost of Sales [Member]
Depreciation, Total	24,000		18,000	75,000	45,000
Selling, General and Administrative Expenses [Member]
Depreciation, Total	$ 241,000		$ 235,000	$ 710,000	$ 691,000

Note 6 - Property and Equipme_4

Note 6 - Property and Equipment, Net - Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Property and equipment, gross	$ 11,323	$ 15,247
Accumulated depreciation	(2,242)	(3,480)
Total property and equipment, net	9,081	11,767
Land, Buildings and Improvements [Member]
Property and equipment, gross	9,494	9,039
Machinery and Equipment [Member]
Property and equipment, gross	1,494	5,745
Computer Equipment [Member]
Property and equipment, gross	272	282
Office Equipment, Furnishings and Improvements [Member]
Property and equipment, gross	$ 63	$ 181

Note 7 - Equipment Held for S_2

Note 7 - Equipment Held for Sale (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment, Negotiated Sales Price	$ 600
Equipment Held-for-sale, Current	585
Restructuring Plan 2019 [Member]
Property, Plant and Equipment, Disposals	$ 585

Note 8 - Patents and Trademar_2

Note 8 - Patents and Trademarks, Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Intangible Assets, Net (Excluding Goodwill), Total	$ 259		$ 259		$ 322
Amortization of Intangible Assets, Total	$ 21	$ 22	$ 63	$ 66
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life			10 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life			17 years

Note 9 - Other Assets (Details

Note 9 - Other Assets (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Other Assets, Total	$ 14	$ 14

Note 10 - Accrued Liabilities_2

Note 10 - Accrued Liabilities (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Accrued Liabilities, Current, Total	$ 508	$ 270
Settlement Liabilities, Current	256	$ 10
Restructuring Plan 2019 [Member] | Employee Severance [Member] | Selling, General and Administrative Expenses [Member]
Restructuring Charges, Total	$ 273

Note 10 - Accrued Liabilities -

Note 10 - Accrued Liabilities - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Accrued payroll, vacation, and bonuses	$ 157	$ 178
Accrued severance and settlements	256	10
Accrued audit fees	95	82
Total	$ 508	$ 270

Note 11 - Other Long-term Lia_2

Note 11 - Other Long-term Liabilities (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Other Liabilities, Noncurrent, Total	$ 856	$ 856
Period for Outstanding Liability	5 years

Note 12 - Stock Compensation _2

Note 12 - Stock Compensation Plans (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Jan. 27, 2015	Apr. 04, 2002
Share-based Payment Arrangement, Expense	$ 73,000	$ 179,000	$ 415,000	$ 725,000
Share-based Payment Arrangement, Accelerated Cost	$ 0	$ 0	$ 0	$ 104,000
Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant							10,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	69,000		69,000		169,000
Equity Incentive Plan 2012 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	30,000,000		30,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	7,892,666		7,892,666		11,755,503
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			0
Equity Incentive Plan 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant						40,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	12,341,667		12,341,667		16,906,667
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			0

Note 13 - Consolidated Statem_3

Note 13 - Consolidated Statements of Changes in Equity - Changes in Equity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Balance	$ 41,805	$ 50,044	$ 46,441	$ 53,755
Stock option exercises		78	14	125
Stock-based compensation	73	178	415	725
Net loss	(1,395)	(2,524)	(6,387)	(6,829)
Balance	$ 40,483	$ 47,776	$ 40,483	$ 47,776
Preferred Stock [Member]
Balance (in shares)
Balance (in shares)
Stock option exercises (in shares)
Common Stock [Member]
Balance (in shares)	914,359,124	909,239,009	914,206,832	908,768,116
Balance	$ 914	$ 909	$ 914	$ 909
Stock option exercises		1		1
Stock-based compensation
Net loss
Balance (in shares)	914,359,124	909,972,342	914,359,124	909,972,342
Balance	$ 914	$ 910	$ 914	$ 910
Stock option exercises (in shares)		733,333	152,292	1,204,226
Additional Paid in Capital, Attributable to Warrants [Member]
Balance	18,179	$ 18,179	$ 18,179	$ 18,179
Stock option exercises
Stock-based compensation
Net loss
Balance	18,179	18,179	18,179	18,179
Additional Paid-in Capital [Member]
Balance	286,632	285,488	286,276	284,894
Stock option exercises		77	14	124
Stock-based compensation	73	178	415	725
Net loss
Balance	286,705	285,743	286,705	285,743
Retained Earnings [Member]
Balance	(263,845)	(254,459)	(258,854)	(250,154)
Stock option exercises
Stock-based compensation
Net loss	(1,395)	(2,523)	(6,386)	(6,828)
Balance	(265,240)	(256,982)	(265,240)	(256,982)
Noncontrolling Interest [Member]
Balance	(75)	(73)	(74)	(73)
Stock option exercises
Stock-based compensation
Net loss		(1)	(1)	(1)
Balance	$ (75)	$ (74)	$ (75)	$ (74)

Note 14 - Loss Per Common Sha_2

Note 14 - Loss Per Common Share (Details Textual) - $ / shares	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	20,303,333	33,359,068
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	$ 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	$ 0.38	$ 0.47
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	10,066,809	10,066,809
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.07	$ 0.07

Note 15 - Commitments and Con_2

Note 15 - Commitments and Contingencies (Details Textual) - Settled Litigation [Member] - USD ($) $ in Thousands	Apr. 30, 2019	Jun. 30, 2019
Loss Contingency, Damages Awarded, Value	$ 250
Loss Contingency Accrual, Payments		$ 250

Note 16 - Related Party Trans_2

Note 16 - Related Party Transactions (Details Textual) - USD ($)	3 Months Ended		6 Months Ended	9 Months Ended
	Jun. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Mar. 10, 2016
Chairman of Eontec [Member] | Minimum [Member]
Beneficial Ownership Percentage					5.00%
Eontec [Member] | License Agreement [Member]
Related Party Transaction, Amounts of Transaction	$ 0	$ 85,000	$ 0	$ 133,000
The 2016 Purchase Agreement [Member]
Common Stock Purchase Agreement, Number of Shares Authorized to Issue and Sell to Investors						405,000,000
Common Stock Purchase Agreement, Value of Shares Authorized to Issue and Sell to Investors						$ 63,400,000