Note 13 - Shareholders' Equity

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

1

3

.

S

hare

holders

’

Equity

Common

S

tock

In

June 2012,

the Company issued

30,000,000

shares of common stock to Visser Precision Cast in connection with the Visser MTA Agreement.

Pursuant to the terms of the Company’s Senior Convertible Notes due

September 1, 2013,

which were issued in the

July 2012

Private Placement, the Company opted to pay the

twelve

monthly installment payments prior to the

September 1, 2013

maturity date with shares of the Company’s common stock. Upon final settlement, the Company had issued

163,641,547

shares of common stock at a weighted average conversion price of

$0.0774,

for the

twelve

installment payments due under the notes, consisting of

$12,000

of principal and

$680

of interest.

During the year ended

December 31, 2013,

the holders of the Company’s Series A Preferred Stock converted all of the outstanding

506,936

shares of Series A Preferred Stock into

16,896,070

shares of the Company’s common stock. After giving effect to such conversion, the Company has

no

shares of preferred stock outstanding.

In connection with the execution of a Common Stock Purchase Agreement in

November 2013 (

the

“2013

Purchase Agreement”), the Company issued to each of the investors under the

2013

Purchase Agreement a pro rata portion of

2,666,667

shares of the Company’s common stock. As of

December 31, 2014,

the Company had received an aggregate of

$16,000

under the

2013

Purchase Agreement through the issuance of

85,355,615

shares of its common stock at a weighted average price of

$0.19

per share. On

August 22, 2014,

the Company voluntarily terminated the

2013

Purchase Agreement, effective

August 25, 2014.

On

September 9, 2014,

an initial registration statement covering

75,000,000

shares issued and issuable pursuant to the Common Stock Purchase Agreement between the Company and Aspire Capital Fund (the

“2014

Purchase Agreement”) was declared effective by the SEC. As of

September 30, 2015,

the Company had received an aggregate of

$1,568

under the

2014

Purchase Agreement through the issuance of

12,500,000

shares of its common stock at a weighted average price of

$0.13

per share. On

March 8, 2016,

the Company voluntarily terminated the

2014

Purchase Agreement, effective

March 9, 2016.

In connection with the execution of the

2016

Purchase Agreement on

March 10, 2016,

the Company issued

105,000,000

shares of the Company’s common stock, at a price of

$0.08

per share, for gross proceeds of

$8,400.

On

October 26, 2016,

the Company issued and sold to the Investor under the

2016

Purchase Agreement an aggregate of

300,000,000

shares of the Company’s common stock for an aggregate purchase price of

$55,000,

comprised of

200,000,000

shares at a price of

$0.15

per share and

100,000,000

shares at a price of

$0.25

per share.

Non-Controlling

Interest

The Company’s Liquidmetal Golf subsidiary has the exclusive right and license to utilize the Company’s Liquidmetal alloy technology for purposes of golf equipment applications. The Company owns

79%

of the outstanding common stock of Liquidmetal Golf. As of

June 30, 2018,

non-controlling interest was a deficit of

$73.

As of

December 31, 2017,

non-controlling interest was a deficit of

$73.