Ascent Solar Technologies Inc

For the period ended Dec 31, 2023. Filed Feb 21, 2024.

About 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

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Contents

Statements of Operations

STATEM ENTS OF OPERATIONS AND COMPREHENSIVE INCOME

	For the Years Ended
	December 31,
	2023	2022
Revenues
Products	$397,886	$694,286
Milestone and engineering	60,374	528,500
Total Revenues	458,260	1,222,786
Costs and Expenses
Costs of revenue	1,892,341	2,011,459
Research, development and manufacturing operations	3,222,283	5,975,921
Selling, general and administrative	5,364,523	4,736,562
Share-based compensation	2,243,445	5,478,734
Depreciation and amortization	95,238	75,645
Impairment loss	3,283,715	-
Total Costs and Expenses	16,101,545	18,278,321
Loss from Operations	(15,643,285)	(17,055,535)
Other Income/(Expense)
Other income/(expense), net	747,739	33,100
Interest expense	(2,174,118)	(2,704,909)
Total Other Income/(Expense)	(1,426,379)	(2,671,809)
Income/(Loss) on Equity Method Investment	(232)	(27,361)
Net Income/(Loss)	$(17,069,896)	$(19,754,705)
Less: Down round deemed dividend	(17,980,678)	-
Net Income Available to Common Shareholders	$(35,050,574)	$(17,069,896)
Net Income/(Loss) Per Share (Basic and Diluted)	$(34.19)	$(132.00)
Weighted Average Common Shares Outstanding (Basic and Diluted)	1,025,097	149,016
Other Comprehensive Income/(Loss)
Foreign currency translation gain/(loss)	24,960	(16,024)
Net Comprehensive Income/(Loss)	$(17,044,936)	$(19,770,729)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.