Atomera(ATOM)2025-03-04 21:32Revenue and Financial Performance - Revenue for the year ended December 31, 2024 was approximately 550,000 in 2023, primarily due to limited customer engagements [132]. - The company incurred a net loss of approximately 779,000 in 2024 from 26.8 million [142]. - The company sold approximately 4.1 million shares at an average price of approximately 21.3 million of net proceeds in 2024 [143]. Expenses - Cost of revenue increased to approximately 28,000 in 2023, reflecting the costs associated with integration engineering services [133]. - Operating expenses totaled approximately 21.2 million in 2023 [134]. - Research and development expenses decreased by approximately 11.0 million in 2024 from 191,000, or 3%, to 7.1 million in 2023 [137]. - Selling and marketing expenses decreased by approximately 1.1 million in 2024 from $1.6 million in 2023 [138]. Accounting and Financial Reporting - Financial statements are prepared in accordance with U.S. generally accepted accounting principles, requiring significant estimates and assumptions that could lead to actual results differing from reported amounts [151]. - Leases greater than 12 months result in the recognition of a right-of-use (ROU) asset and a liability at the lease commencement date based on the present value of lease payments [152]. Stock-Based Compensation - Stock-based compensation programs include restricted stock awards (RSAs) and stock options, with expenses based on the fair values of the equity instruments issued [153]. - The fair value of RSAs is measured at the market price of common stock on the measurement date and amortized over the vesting period [153]. - The expected term for employee stock awards is derived from historical information regarding future exercise patterns and behavior after employment termination [155]. - Expected volatility for stock options is estimated using the company's historical volatility for similar terms [155]. - The company has not declared or paid dividends and assumes an expected dividend yield of 0% [155]. - The risk-free interest rate for stock options is based on U.S. Treasury securities yields with maturities similar to the expected terms of the associated awards [155].