Some interesting 10K tidbits:
-- Lugee Li now draws a $152K salary.
--Tony Chung's job at the helm is approved of. He received a raise of $33K making his salary just over $300K a year.
-- The Executive Compensation Committee also thinks Issac Bresnick is doing a great job. His salary increased by $25,000 to $220, 000 a year
-- Zero was mentioned about the Ring. No sales data, no profit data, no word if it is an ongoing matter.
-- LQMT has 7 full time employees and 2 part time consultants here in the US. 3 full time employees are at manufacturing operations in China.
-- The new 5 year lease with Matterhackers increased their rent payment per month substantially and also increased the space they occupy. However, Matterhackers now pays nearly all the buildings operating expenses. LQMT retains about 900 sq ft, I'm guessing this is so that they can claim a corporate address.
--The Hangzhou Manufacturing Plant: I was wrong about this arrangement! Here are some details: There is a new company called Hangzhou Feifeng Liquidmetal incorporated in China. It is 70% owned by Liquidmetal Technology LTD (that murky Hong Kong Liquidmetal company) and 30% owned by a new player Ching Liu It is a $6M USD initial investment split along the percentage of ownership. Supposedly up and running in 2026. ***Co-incidentally, the LQMT/Yihao agreement ends in January of '27***
--Compared to 2024, we had $76,000 less revenue and increased our operating expenses by $447,000. The total net loss increased by some $831,000.