APPLIED ENERGETICS INC
For the period ended Dec 31, 2023. Filed Mar 26, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 26, 2024
AERGStored price and day change unavailable
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 | 2022 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $1,319,526 | $5,640,308 |
| Accounts receivable | 567,792 | 353,149 |
| Other assets | 148,338 | 92,774 |
| Total Current Assets | 2,035,656 | 6,086,231 |
| Long-term assets | ||
| Security deposit | 17,004 | 17,004 |
| Property and equipment – net | 434,563 | 192,935 |
| Right of Use Asset – Operating | 1,054,736 | 432,057 |
| Total Long-term assets | 1,506,303 | 641,996 |
| Total Assets | $3,541,959 | $6,728,227 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $312,958 | $116,970 |
| Notes payable | - | 400,000 |
| Due to related parties | 50,000 | 50,000 |
| Operating Lease Liability – current | 166,927 | 113,478 |
| Deferred Revenue | 308,908 | - |
| Accrued expenses | 40,510 | 28,005 |
| Accrued dividends | 48,079 | 48,079 |
| Total Current Liabilities | 927,382 | 756,532 |
| Long-term liabilities | ||
| Operating Lease Liability - non-current | 994,491 | 393,709 |
| Total Long-Term Liabilities | 994,491 | 393,709 |
| Total Liabilities | 1,921,873 | 1,150,241 |
| 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, 2023 and December 31, 2022 (Liquidation preference $340,050 and $340,050, respectively) | 14 | 14 |
| Common stock, $.001 par value, 500,000,000 shares authorized; 211,236,688 and 210,848,671 shares issued and outstanding at December 31, 2023 and at December 31, 2022, respectively | 211,237 | 210,849 |
| Additional paid-in capital | 112,223,129 | 108,830,982 |
| Accumulated deficit | (110,814,294) | (103,463,859) |
| Total Stockholders’ Equity | 1,620,086 | 5,577,986 |
| Total Liabilities and Stockholders’ Equity | $3,541,959 | $6,728,227 |
The accompanying notes are an integral part of these consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.