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Midas Edge

Ascent Solar Technologies Inc

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

View on SEC.gov

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Statements of Stockholders’ Equity (Deficit)

STATEMENTOF STOCKHOLDERS’ EQUITY (DEFICIT)

For the year ended December 31, 2023

Series APreferred Stock · Series 1BPreferred Stock · Common Stock · AdditionalPaid-In · Accumulated · Other Accumulated Comprehensive · TotalStockholders’ Equity
Shares · Amount · Shares · Amount · Shares · Amount · Capital · Deficit · Loss · (Deficit)
Balance at December 31, 202248,100$5-$-259,323$26$452,139,027$(447,537,493)$(16,024)4,585,541
Impact of adopting ASU 2020-06------(3,795,874)109,631-(3,686,243)
Balance at December 31, 202248,100$5-$-259,323$26$448,343,153$(447,427,862)$(16,024)899,298
Conversion of L1 Note and Conversions Payable into Common Stock----328,50233806,769--806,802
Conversion of Sabby Note into Common Stock----137,072132,275,585--2,275,598
Share-based compensation------2,243,445--2,243,445
Common stock issued for services----1,425-92,750--92,750
Proceeds from issurance of Series 1B Preferred Stock--900---900,000--900,000
Series 1B Preferred Stock issuance cost------(20,000)--(20,000)
Down round deemed dividend------17,980,678(17,980,678)--
Proceeds from public offering:-
Common Stock (10/2 @ $1.58)----389,02439616,475--616,514
Prefunded warrants (10/2 @ $1.58)------5,044,977--5,044,977
Warrants (10/2 @ $1.30)------4,627,7374,627,737
Public offering costs------(1,068,796)--(1,068,796)
Repayment of Series 1B Preferred Stock--(900)---(900,000)--(900,000)
Conversion of prefunded warrants----2,468,500247(247)---
Net Loss-------(17,069,896)-(17,069,896)
Foreign Currency Translation Loss--------24,96024,960
Balance at December 31, 202348,100$5-$-3,583,846$358$480,942,526$(482,478,436)$8,936$(1,526,611)

STATEMENT OF STOCKHOLDERS’ EQUITY (DEFICIT)

For the year ended December 31, 2022

Series APreferred Stock · Series 1APreferred Stock · Common Stock · AdditionalPaid-In · Accumulated · Other Accumulated Comprehensive · TotalStockholders’ Equity
Shares · Amount · Shares · Amount · Shares · Amount · Capital · Deficit · Loss · (Deficit)
Balance at January 1, 202248,100$53,700$-113,256$12$424,949,165$(427,782,788)$-$(2,833,606)
Conversion of TubeSolar Series 1A Preferred Stock into Common Stock--(2,400)-24,0002(2)---
Conversion of Crowdex Series 1A Preferred Stock into Common Stock--(1,300).13,0001(1)---
Conversion of Global Ichiban Note into Common Shares----79,00087,899,992--7,900,000
Conversion of Nanyang Note into Common Stock----15,00021,499,998--1,500,000
Conversion of Fleur Note into Common Stock----10,0001999,999--1,000,000
Conversion of Sabby Note into Common Stock----350-107,101--107,101
Private placement warrants----2,990,029--2,990,029
Beneficial conversion feature----4,490,029--4,490,029
Proceeds from private placement:
Common stock (8/19 @ $540)----4,717-2,551,405--2,551,405
Warrants (8/19 @ $346)------2,448,5952,448,595
Private placement costs------(1,276,017)--(1,276,017)
Share-based compensation5,478,7345,478,734
Net Loss-------(19,754,705)-(19,754,705)
Foreign Currency Translation Gain/(Loss)(16,024)(16,024)
Balance at December 31, 202248,100$5-$-259,323$26$452,139,027$(447,537,493)$(16,024)$4,585,541
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.