LIGHTPATH TECHNOLOGIES INC
For the period ended Dec 31, 2023. Filed Feb 8, 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.
Dec 31, 2023 · Filed Feb 8, 2024
LPTH$7.99-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Balance Sheets
| LIGHTPATH TECHNOLOGIES, INC. | ||
|---|---|---|
| Condensed Consolidated Balance Sheets | ||
| (unaudited) | ||
| December 31, | June 30, | |
| Assets | 2023 | 2023 |
| Current assets: | ||
| Cash and cash equivalents | $3,536,558 | $4,687,004 |
| Restricted cash | 2,345,644 | 2,457,486 |
| Trade accounts receivable, net of allowance of $23,853 and $18,502 | 4,708,156 | 6,634,574 |
| Inventories, net | 7,520,444 | 7,410,734 |
| Prepaid expenses and deposits | 478,686 | 570,293 |
| Other current assets | 191,381 | — |
| Total current assets | 18,780,869 | 21,760,091 |
| Property and equipment, net | 16,361,049 | 12,810,930 |
| Operating lease right-of-use assets | 7,432,993 | 9,571,604 |
| Intangible assets, net | 4,519,544 | 3,332,715 |
| Goodwill | 6,764,127 | 5,854,905 |
| Deferred tax assets, net | 140,000 | 140,000 |
| Other assets | 66,007 | 65,939 |
| Total assets | $54,064,589 | $53,536,184 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $2,899,032 | $2,574,135 |
| Accrued liabilities | 1,990,114 | 662,242 |
| Accrued payroll and benefits | 1,456,777 | 1,499,896 |
| Operating lease liabilities, current | 1,123,276 | 969,890 |
| Loans payable, current portion | 2,138,775 | 1,023,814 |
| Finance lease obligation, current portion | 118,070 | 103,646 |
| Total current liabilities | 9,726,044 | 6,833,623 |
| Deferred tax liabilities, net | 474,395 | 465,000 |
| Accrued liabilities, noncurrent | 919,623 | — |
| Finance lease obligation, less current portion | 334,654 | 341,201 |
| Operating lease liabilities, noncurrent | 8,583,630 | 8,393,248 |
| Loans payable, less current portion | 326,507 | 1,550,587 |
| Total liabilities | 20,364,853 | 17,583,659 |
| Commitments and Contingencies | ||
| Stockholders’ equity: | ||
| Preferred stock: Series D, $0.01 par value, voting; | ||
| 500,000 shares authorized; none issued and outstanding | — | — |
| Common stock: Class A, $0.01 par value, voting; | ||
| 44,500,000 shares authorized as of December 31, 2023 and June 30, 2023; | ||
| 37,549,378 and 34,344,739 shares issued and outstanding | 375,494 | 373,447 |
| Additional paid-in capital | 243,475,209 | 242,808,771 |
| Accumulated other comprehensive income | 741,301 | 606,536 |
| Accumulated deficit | (210,892,268) | (207,836,229) |
| Total stockholders’ equity | 33,699,736 | 35,952,525 |
| Total liabilities and stockholders’ equity | $54,064,589 | $53,536,184 |
The accompanying notes are an integral part of these unaudited condensed 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.