Ascent Solar Technologies Inc
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 21, 2024
ASTI$1.53+5.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $1,048,733 | $11,483,018 |
| Trade receivables, net of allowance of $0 and $26,000, respectively | - | 1,769 |
| Inventories | 447,496 | 615,283 |
| Prepaid and other current assets | 39,279 | 344,110 |
| Total current assets | 1,535,508 | 12,444,180 |
| Property, Plant and Equipment: | 21,177,892 | 22,590,169 |
| Accumulated depreciation | (20,131,008) | (22,038,508) |
| 1,046,884 | 551,661 | |
| Other Assets: | ||
| Operating lease right-of-use assets, net | 2,364,672 | 4,324,514 |
| Patents, net of accumulated amortization of $173,387 and $154,218, respectively | 53,978 | 79,983 |
| Equity method investment | 68,867 | 61,379 |
| Other non-current assets | 1,228,797 | 1,214,985 |
| 3,716,314 | 5,680,861 | |
| Total Assets | 6,298,706 | 18,676,702 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current Liabilities: | ||
| Accounts payable | $579,237 | $595,157 |
| Related party payables | 4,231 | 67,164 |
| Accrued expenses | 1,354,159 | 888,869 |
| Accrued payroll | 160,477 | 490,185 |
| Severance payable | - | 437,079 |
| Accrued professional services fees | 849,282 | 952,573 |
| Accrued interest | 628,145 | 559,060 |
| Current portion of operating lease liability | 491,440 | 733,572 |
| Conversions payable (Note 10) | 1,089,160 | - |
| Current portion of convertible notes, net | 354,936 | - |
| Other payable | 250,000 | 250,000 |
| Total current liabilities | 5,761,067 | 4,973,659 |
| Long-Term Liabilities: | ||
| Non-current operating lease liabilities | 2,043,025 | 3,827,878 |
| Non-current convertible notes, net | - | 5,268,399 |
| Accrued warranty liability | 21,225 | 21,225 |
| Total liabilities | 7,825,317 | 14,091,161 |
| Commitments and contingencies (Note 17) | ||
| Stockholders’ Equity (Deficit): | ||
| Series A preferred stock, $.0001 par value; 750,000 shares authorized; 48,100 and 48,100 shares issued and outstanding, respectively ($899,069 and $850,301 Liquidation Preference, respectively) | 5 | 5 |
| Common stock, $0.0001 par value, 500,000,000 authorized; 3,583,846 and 259,323 shares issued and outstanding, respectively | 358 | 26 |
| Additional paid in capital | 480,942,526 | 452,139,027 |
| Accumulated deficit | (482,478,436) | (447,537,493) |
| Accumulated other comprehensive loss | 8,936 | (16,024) |
| Total stockholders’ equity (deficit) | (1,526,611) | 4,585,541 |
| Total Liabilities and Stockholders’ Equity (Deficit) | $6,298,706 | $18,676,702 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.