v3.26.1
Consolidated Statements of Cash Flows
 3 Months Ended
Mar. 31, 2026
USD ($)
Cash Flows from Operating Activities  
Net loss $ (37,269)
Forge Nano, Inc.  
Cash Flows from Operating Activities  
Net loss (11,676,000)
Adjustments to reconcile net loss to net cash, cash equivalents, and restricted cash used in operating activities:  
Depreciation and amortization 729,000
Gain/(loss) on reversal of provision for loss on contract 190,000
Amortization of debt discount 72,000
Change in fair value of contingent consideration for Sundew ALD acquisition 954,000
Change in fair value of warrant liabilities 206,000
Amortization of noncash lease expense 722,000
Amortization of intangible assets 51,000
Changes in operating assets and liabilities (used in) provided by cash, cash equivalents, and restricted cash:  
Accounts receivable (21,000)
Contract assets - unbilled accounts receivable 121,000
Inventory (287,000)
Prepaid expenses and other current assets 535,000
Deposits (12,000)
Accounts payable 1,627,000
Contract liabilities - deferred revenue 220,000
Accrued and other current liabilities (316,000)
Operating lease liabilities (270,000)
Net cash used in operating activities (6,745,000)
Cash Flows from Investing Activities  
Purchase of property and equipment (226,000)
Net cash used in investing activities (226,000)
Cash Flows from Financing Activities  
Series D funding issuance costs (561,000)
Proceeds from issuance of Series D preferred stock 15,800,000
Net cash provided by financing activities 15,239,000
Net Decrease in Cash, Cash Equivalents, and Restricted Cash 8,268,000
Cash, Cash Equivalents, and Restricted Cash - Beginning of the year 9,429,000
Cash, Cash Equivalents, and Restricted Cash - End of the year 17,697,000
Supplemental Disclosure of Noncash Investing and Financing Transactions  
Noncash issuance of Series D preferred shares for note receivable 2,000,000
Forge Nano, Inc. | Employees  
Adjustments to reconcile net loss to net cash, cash equivalents, and restricted cash used in operating activities:  
Stock-based compensation 391,000
Forge Nano, Inc. | Board of directors  
Adjustments to reconcile net loss to net cash, cash equivalents, and restricted cash used in operating activities:  
Stock-based compensation $ 19,000