APPLIED ENERGETICS, INC.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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FY2024 · Filed Mar 28, 2025
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $164,812 | $1,319,526 |
| Accounts receivable, net | 335,839 | 567,792 |
| Other assets | 164,128 | 148,338 |
| Total current assets | 664,779 | 2,035,656 |
| Long-term assets | ||
| Property and equipment - net | 314,503 | 434,563 |
| Right of use asset - operating | 1,074,583 | 1,054,736 |
| Security deposit | 17,004 | 17,004 |
| Total long-term assets | 1,406,090 | 1,506,303 |
| Total assets | $2,070,869 | $3,541,959 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | ||
| Accounts payable | $258,481 | $312,958 |
| Notes payable | 47,325 | - |
| Due to related parties | 50,000 | 50,000 |
| Operating lease liability - current | 265,380 | 166,927 |
| Deferred Revenue | - | 308,908 |
| Accrued expenses | 63,153 | 40,510 |
| Accrued dividends | 48,079 | 48,079 |
| Total current liabilities | 732,418 | 927,382 |
| Long-term liabilities | ||
| Operating lease liability - non-current | 945,704 | 994,491 |
| Total long-term liabilities | 945,704 | 994,491 |
| Total liabilities | 1,678,122 | 1,921,873 |
| Stockholders' Equity | ||
| Series A convertible preferred stock, $.001 par value, 2,000,000 shares authorized and 13,602 shares issued and outstanding at December 31, 2024 and 2023 (Liquidation preference $340,050 and $340,050, respectively) | 14 | 14 |
| Common stock, $.001 par value, 500,000,000 shares authorized; 213,860,508 and 211,236,688 shares issued and outstanding at December 31, 2024 and 2023, respectively. | 213,861 | 211,237 |
| Additional paid-in capital | 120,168,124 | 112,223,129 |
| Accumulated deficit | (119,989,252) | (110,814,294) |
| Total stockholders' equity | 392,747 | 1,620,086 |
| Total Liabilities and Stockholders' Equity | $2,070,869 | $3,541,959 |
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