XML 19 R9.htm IDEA: XBRL DOCUMENT

Other Deposits	9 Months Ended
Mar. 31, 2023
Other Deposits
Other Deposits	3. Other Deposits On March 1, 2023, the Company and Linico Corporation (“Linico”) entered into, and consummated, an Asset Purchase Agreement (“APA”) whereby the Company acquired specific tangible equipment and personal property for an aggregate purchase price of $6,000,000. Contemporaneously with the signing of the APA, the Company and Linico entered into another agreement, the Membership Interest Purchase Agreement (“MIPA”), whereby the Company would acquire 100% of the membership interests in Aqua Metals Transfer, LLC, principally real property consisting of land and a building that houses the tangible equipment and personal property acquired under the APA, for an aggregate purchase price of $21,600,000. As the MIPA is expected to close on or near May 31, 2023, the $6,000,000 plus the associated fees and expenses related to the transaction paid by the Company to execute the APA is currently recorded as a deposit in other assets. Once the MIPA is consummated, the assets acquired through both agreements will be placed into service and the aggregate purchase price paid for both agreements will be allocated among all assets at that time.

Other Deposits

9 Months Ended

Mar. 31, 2023

3. Other Deposits

On March 1, 2023, the Company and Linico Corporation (“Linico”) entered into, and consummated, an Asset Purchase Agreement (“APA”) whereby the Company acquired specific tangible equipment and personal property for an aggregate purchase price of $6,000,000. Contemporaneously with the signing of the APA, the Company and Linico entered into another agreement, the Membership Interest Purchase Agreement (“MIPA”), whereby the Company would acquire 100% of the membership interests in Aqua Metals Transfer, LLC, principally real property consisting of land and a building that houses the tangible equipment and personal property acquired under the APA, for an aggregate purchase price of $21,600,000. As the MIPA is expected to close on or near May 31, 2023, the $6,000,000 plus the associated fees and expenses related to the transaction paid by the Company to execute the APA is currently recorded as a deposit in other assets. Once the MIPA is consummated, the assets acquired through both agreements will be placed into service and the aggregate purchase price paid for both agreements will be allocated among all assets at that time.