Nuburu Inc
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
BURU$0.22+4.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| March 31,2024 | December 31,2023 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets · | ||
| Cash and cash equivalents | $231,885 | $2,148,700 |
| Accounts receivable | 132,622 | 482,279 |
| Inventories, net of reserve of $1,161,469 and $1,133,457, respectively | 1,613,099 | 1,456,275 |
| Deferred financing costs | — | 50,000 |
| Prepaid expenses and other current assets | 58,960 | 156,255 |
| Total current assets | 2,036,566 | 4,293,509 |
| Property and equipment, net | 5,404,812 | 5,650,976 |
| Right-of-use assets | 492,538 | 586,164 |
| Other assets | 34,359 | 34,359 |
| TOTAL ASSETS | $7,968,275 | $10,565,008 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities | ||
| Accounts payable | $5,711,785 | $4,744,606 |
| Accrued expenses | 3,248,847 | 2,750,305 |
| Current portion of operating lease liability | 386,499 | 355,385 |
| Contract liabilities | 7,000 | 30,400 |
| Current portion of notes payable | 3,087,195 | 2,147,992 |
| Total current liabilities | 12,441,326 | 10,028,688 |
| Operating lease liability | 119,720 | 237,369 |
| Convertible notes payable | 6,713,241 | 6,713,241 |
| Warrant liabilities | 2,235,208 | 2,238,519 |
| TOTAL LIABILITIES | 21,509,495 | 19,217,817 |
| Commitments and Contingencies (Note 6) | ||
| Stockholders’ Deficit | ||
| Convertible preferred stock, $0.0001 par value; 50,000,000 shares authorized; 2,388,905 shares issued and outstanding at March 31, 2024 and December 31, 2023 | 239 | 239 |
| Common stock, $0.0001 par value; 250,000,000 shares authorized; 38,532,403 and 36,894,323 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 3,853 | 3,689 |
| Additional paid-in capital | 74,054,033 | 73,241,955 |
| Accumulated deficit | (87,599,345) | (81,898,692) |
| Total Stockholders’ Deficit | (13,541,220) | (8,652,809) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | $7,968,275 | $10,565,008 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.