Nuburu Inc
For the period ended Dec 31, 2023. Filed Apr 15, 2024.
View on SEC.govAbout this filing
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FY2023 · Filed Apr 15, 2024
BURU$0.21+8.7%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31,2023 | December 31,2022 | |
|---|---|---|
| ASSETS | ||
| Current assets · | ||
| Cash and cash equivalents | $2,148,700 | $2,880,254 |
| Accounts receivable | 482,279 | 327,200 |
| Inventories, net of allowance of $1,133,457 and $292,990, respectively | 1,456,275 | 972,695 |
| Deferred financing costs | 50,000 | 4,258,515 |
| Prepaid expenses and other current assets | 156,255 | 46,737 |
| Total current assets | 4,293,509 | 8,485,401 |
| Property and equipment, net | 5,650,976 | 3,771,849 |
| Construction in progress | — | 188,912 |
| Right-of-use assets | 586,164 | 641,651 |
| Other assets | 34,359 | 34,359 |
| TOTAL ASSETS | $10,565,008 | $13,122,172 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities | ||
| Accounts payable | $4,744,606 | $4,456,587 |
| Accrued expenses | 2,750,305 | 2,312,118 |
| Current portion of operating lease liability | 355,385 | 343,049 |
| Contract liabilities | 30,400 | 178,750 |
| Current portion of notes payable | 2,147,992 | — |
| Current portion of convertible notes payable | — | 7,300,000 |
| Total current liabilities | 10,028,688 | 14,590,504 |
| Operating lease liability | 237,369 | 373,907 |
| Convertible notes payable | 6,713,241 | — |
| Warrant liabilities | 2,238,519 | — |
| TOTAL LIABILITIES | 19,217,817 | 14,964,411 |
| Commitments and Contingencies (Note 6) | ||
| Stockholders’ Deficit | ||
| Convertible preferred stock, $0.0001 par value; 50,000,000 shares authorized; 2,388,905 and 23,237,703 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 239 | 4,040 |
| Common stock, $0.0001 par value; 250,000,000 shares authorized; 36,894,323 and 5,556,857 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | 3,689 | 1,077 |
| Additional paid-in capital | 73,241,955 | 59,344,952 |
| Accumulated deficit | (81,898,692) | (61,192,308) |
| Total Stockholders’ Deficit | (8,652,809) | (1,842,239) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | $10,565,008 | $13,122,172 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.