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Mine Safety Disclosures
−Removed: Not Applicable.
+Added: Not Applicable. 
Market for Registrant ’
68 unchanged sentences
We believe that our research and development efforts will focus on the discovery of new alloy compositions, the development of improved processing technology, and the identification of new applications for our alloys.
−Removed: In July 2019, the Company adopted the 2019 Restructuring Plan pursuant to which the Company elected to wind down its prior manufacturing operations at the Company’s Lake Forest, CA facility and seek to outsource the manufacture of parts utilizing the Company’s technology through domestic and international manufacturing partners.
−Removed: In connection with the 2019 Restructuring Plan, the Company reduced its management staff and shifted its business strategy from internal manufacture of parts and products for customers toward the use and reliance of outsourced manufacturers, including Yihao, a China-based company that is an affiliate of our largest beneficial stockholder and Chairman, Professor Li.
SIGNIFICANT TRANSACTIONS
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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.
−Removed: Manufacturing Facility Purchase and Lease
−Removed: On February 16, 2017, we purchased a 41,000 square foot manufacturing facility (the “Facility”) located in Lake Forest, CA, where operations commenced during July 2017.
+Added: Corporate Facility Purchase and Lease
+Added: On February 16, 2017, we purchased a 41,000 square foot facility (the “Facility”) located in Lake Forest, CA, where operations commenced during July 2017.
The purchase price for the Facility was $7,818.
−Removed: As a result of the 2019 Restructuring Plan, we have discontinued manufacturing operations in the Facility.
On January 23, 2020, 20321 Valencia, LLC, a Delaware limited liability company and our wholly owned subsidiary, entered into a lease agreement (the “Facility Lease”) pursuant to which we leased to MatterHackers, Inc., a Delaware corporation (“Tenant”), an approximately 32,534 square foot portion of the Facility.
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On March 10, 2016, in connection with the 2016 Purchase Agreement, we entered into a Parallel License Agreement (the “License Agreement”) with DongGuan Eontec Co., Ltd., a Hong Kong corporation (“Eontec”) pursuant to which we each entered into a cross-license of our respective technologies.
−Removed: Our Chairman, Professor Li, is also the Chairman of Eontec.
+Added: Our Chairman, Professor Li, is also the Chairman of Eontec. 
The License Agreement provides for the cross-license of certain patents, technical information, and trademarks between us and Eontec.
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The cross-licenses are non-exclusive in geographic areas outside of the foregoing exclusive territories.
−Removed: Beyond the License Agreement, we collaborate with Eontec to accelerate the commercialization of amorphous alloy technology.
−Removed: 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 Eontec’s volume production capabilities as a third party contract manufacturer.
Eutectix Business Development Agreement
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Selling, marketing, general, and administrative expenses .
−Removed: Selling, marketing, general, and administrative expenses increased by $362 to $4,160, or 513% of revenue, for the year ended December 31, 2021 from $3,798, or 384% of revenue, for the year ended December 31, 2020.
−Removed: The increase in expenses was primarily attributable to stock base compensation and severance expense in connection with the separation agreements the Company entered into with our former COO and Vice President of Finance, Dr.
+Added: Selling, marketing, general, and administrative expenses decreased by $1,096 to $3,064, or 800% of revenue, for the year ended December 31, 2022 from $4,160, or 513% of revenue, for the year ended December 31, 2021.
+Added: The decrease in expenses was primarily attributable to stock base compensation and severance expense in connection with the separation agreements the Company entered into with our former COO and Vice President of Finance, Dr.
Bruce Bromage and Mr.
−Removed: Bryce Van, respectively.
+Added: Bryce Van, respectively in 2021.
Research and development expenses .
Research and development expenses decreased by $29 to $55, or 14% of revenue, for the year ended December 31, 2022, from $84, or 10% of revenue, for the year ended December 31, 2021.
−Removed: The decrease in expense was mainly due to reductions in employee compensation, and associated development initiatives from headcount reductions associated with the 2019 Restructuring Plan.
+Added: The decrease in expense was mainly due to reductions in employee compensation, and associated development initiatives from headcount reductions.
Going forward, we will continue to perform research and development of new Liquidmetal alloys and related processing capabilities, albeit on a reduced basis.
−Removed: Gain on disposal of fixed assets.
−Removed: During the year ended December 31, 2020, the Company recorded gains on the disposal of fixed assets of $35.
−Removed: There were no disposals during the year ended December 31, 2021.
Operating loss.
−Removed: Operating loss increased by $556 from $3,505 for the year ended December 31, 2020 to $4,061 for the year ended December 31, 2021.
+Added: Operating loss decreased by $1,009 from $4,061 for the year ended December 31, 2021 to $3,052 for the year ended December 31, 2022.
Fluctuations in our operating loss are primarily attributable to variations in operating expenses, as discussed above.
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Interest and investment income was $128 and $154 for the years ended December 31, 2022 and 2021, respectively.
−Removed: The decrease during 2021 is due to higher overall yields on debt securities as a result of the global economic recovery from the COVID-19 pandemic during 2021.
+Added: The decrease during 2022 is due to lower overall yields on debt securities as a result of the global economic recovery from the COVID-19 pandemic and global economic impact of Russia-Ukraine war.
Lease income.
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Cash provided by (used in) investing activities
−Removed: Cash provided by investing activities totaled $5,307 for the year ended December 31, 2021 and cash used in investing activities totaled $15,799 for the year ended December 31, 2020.
+Added: Cash used in investing activities totaled $258 for the year ended December 31, 2022 and cash provided by investing activities totaled $5,307 for the year ended December 31, 2021.
Cash used in investing activities primarily consist of purchases of debt securities in line with our investment strategy.
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Changes in and Disagreements with Accountants on Accounting and Financial Disclosures
−Removed: On December 15, 2021, the Board of Directors (the “Board”) of Liquidmetal Technologies, Inc.
−Removed: (the “Company”) approved the engagement of BF Borgers CPA, PC (“BF Borgers”) as the independent registered public accounting firm for its fiscal year ending December 31, 2021.
+Added: As reported on a Forn 8-K filed on December 21, 2021, on December 15, 2021, the Board of the Company approved the engagement of BF Borgers CPA, PC (“BF Borgers”) as the independent registered public accounting firm for its fiscal year ending December 31, 2021.
The engagement was effective on December 16, 2021, the date on which the Company transmitted the executed engagement letter to BF Borgers.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.