Beyond the License Agreement, we collaborate with Eontec to accelerate the commercialization of amorphous alloy technology. 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.

Critical Accounting Policies and Estimates

Comparison of the three and six months ended June 30, 2022 and 2021

Revenue in 000's % of Revenue in 000's % of Revenue

Cash used in operating activities

Cash used in operating activities totaled $762 and $724 for the six months ended June 30, 2022 and 2021, respectively. The cash was primarily used to fund operating expenses related to our business and product development efforts.

Cash provided (used in) by investing activities

Cash used in investing activities totaled $486 and provided by investing activities totaled $10,135 for the six months ended June 30, 2022 and 2021, respectively. Investing inflows primarily consist of proceeds from the sale of debt securities. Investing outflows primarily consist of purchases of debt securities.

Cash provided by financing activities

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