Nuburu, Inc.
For the period ended Dec 31, 2024. Filed Apr 15, 2025.
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FY2024 · Filed Apr 15, 2025
BURU$0.22+4.8%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 exhibitsContents
Consolidated Balance Sheets
| December 31,2024 | December 31,2023 | |
|---|---|---|
| (As Restated) | ||
| ASSETS | ||
| Current assets · | ||
| Cash and cash equivalents | $209,337 | $2,148,700 |
| Accounts receivable | — | 482,279 |
| Inventories, net of reserve of $1,161,469 and $1,133,457 as of December 31, 2024 and 2023, respectively | 1,526,467 | 1,456,275 |
| Deferred financing costs | — | 50,000 |
| Prepaid expenses and other current assets | 162,749 | 156,255 |
| Total current assets | 1,898,553 | 4,293,509 |
| Property and equipment, net | 4,834,729 | 5,650,976 |
| Operating lease right-of-use assets | 202,411 | 586,164 |
| Other assets | 34,359 | 34,359 |
| TOTAL ASSETS | $6,970,052 | $10,565,008 |
| LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities | ||
| Accounts payable | $6,301,310 | $4,744,606 |
| Accrued expenses | 4,301,195 | 2,499,657 |
| Current portion of operating lease liability | 237,369 | 355,385 |
| Contract liabilities | 24,000 | 30,400 |
| Shareholder advances | 644,936 | — |
| Current portion of notes payable | 9,242,183 | 2,147,992 |
| Convertible note derivative liability | 37,900 | — |
| Total current liabilities | 20,788,893 | 9,778,040 |
| Operating lease liability, net of current portion | — | 237,369 |
| Convertible notes payable | — | 6,967,951 |
| Warrant liabilities | 128,615 | 2,238,519 |
| TOTAL LIABILITIES | 20,917,508 | 19,221,879 |
| 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 December 31, 2024 and 2023 | 23,889,050 | 23,889,050 |
| Stockholders’ Deficit | ||
| Common stock, $0.0001 par value; 250,000,000 shares authorized; 20,274,238 and 922,362 shares issued and outstanding at December 31, 2024 and 2023, respectively (1) | 2,028 | 92 |
| Additional paid-in capital (1) | 93,968,071 | 64,744,838 |
| Accumulated deficit | (131,806,605) | (97,290,851) |
| Total Stockholders’ Deficit | (37,836,506) | (32,545,921) |
| TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT | $6,970,052 | $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.