Nuburu Inc
For the period ended Sep 30, 2024. Filed Nov 14, 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.
Sep 30, 2024 · Filed Nov 14, 2024
BURU$0.20-8.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (As Restated)
CONDENSED CONSOLIDATED BALANCE SHEETS
| September 30,2024 | December 31,2023 | |
|---|---|---|
| (Unaudited) | (As Restated) | |
| ASSETS | ||
| Current assets · | ||
| Cash and cash equivalents | $232,075 | $2,148,700 |
| Accounts receivable | 54,600 | 482,279 |
| Inventories, net of reserve of $1,161,469 and $1,133,457 at September 30, 2024 and December 31, 2023, respectively | 1,526,470 | 1,456,275 |
| Deferred financing costs | — | 50,000 |
| Prepaid expenses and other current assets | 527,061 | 156,255 |
| Total current assets | 2,340,206 | 4,293,509 |
| Property and equipment, net | 5,137,035 | 5,650,976 |
| Operating lease right-of-use assets | 300,688 | 586,164 |
| Other assets | 34,359 | 34,359 |
| TOTAL ASSETS | $7,812,288 | $10,565,008 |
| LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities | ||
| Accounts payable | $5,962,062 | $4,744,606 |
| Accrued expenses | 4,443,179 | 2,750,305 |
| Current portion of operating lease liability | 328,554 | 355,385 |
| Contract liabilities | 24,000 | 30,400 |
| Shareholder advances | 644,936 | — |
| Current portion of notes payable | 4,232,041 | 2,147,992 |
| Convertible note derivative liability | 37,900 | — |
| Total current liabilities | 15,672,672 | 10,028,688 |
| Operating lease liability, net of current portion | — | 237,369 |
| Convertible notes payable | 4,511,880 | 6,713,241 |
| Warrant liabilities | 82,333 | 2,238,519 |
| TOTAL LIABILITIES | 20,266,885 | 19,217,817 |
| Commitments and Contingencies (Note 6) | ||
| Convertible preferred stock, $0.0001 par value; 50,000,000 shares authorized; 2,388,905 shares issued and outstanding at September 30, 2024 and December 31, 2023 | 23,889,050 | 23,889,050 |
| Stockholders’ Deficit | ||
| Common stock, $0.0001 par value; 250,000,000 shares authorized; 5,686,498 and 922,362 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively (1) | 569 | 92 |
| Additional paid-in capital (1) | 83,708,136 | 64,744,838 |
| Accumulated deficit | (120,052,352) | (97,286,789) |
| Total Stockholders’ Deficit | (36,343,647) | (32,541,859) |
| TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT | $7,812,288 | $10,565,008 |
(1)
Amount presented as of December 31, 2023 is adjusted to reflect the 1-for-40 reverse stock split on July 23, 2024. See Note 2 – Summary of Significant Accounting Policies for additional information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.