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.
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Unaudited Condensed Consolidated Statements of Cash Flows
| LIGHTPATH TECHNOLOGIES, INC. | ||
|---|---|---|
| Condensed Consolidated Statements of Cash Flows | ||
| (unaudited) | ||
| Six Months Ended December 31, | ||
| 2023 | 2022 | |
| Cash flows from operating activities: | ||
| Net loss | $(3,056,039) | $(2,074,761) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 1,943,000 | 1,580,882 |
| Interest from amortization of debt costs | — | 37,120 |
| Loss on disposal of property and equipment | — | 2,742 |
| Stock-based compensation on stock options, RSUs & RSAs, net | 551,853 | 772,145 |
| Provision for doubtful accounts receivable | (2,236) | (11,421) |
| Change in operating lease assets and liabilities | 80,355 | (70,153) |
| Inventory write-offs to allowance | 73,569 | 2,233 |
| Deferred taxes | 9,395 | (19,669) |
| Changes in operating assets and liabilities: | ||
| Trade accounts receivable | 1,717,283 | 364,987 |
| Other current assets | (191,381) | (149,775) |
| Inventories | 54,461 | 68,918 |
| Prepaid expenses and deposits | 94,619 | 987 |
| Accounts payable and accrued liabilities | (424,310) | (1,255,961) |
| Net cash provided by (used in) operating activities | 850,569 | (751,726) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (1,484,401) | (411,551) |
| Acquisition of Visimid Technologies, net of cash acquired | (722,141) | — |
| Proceeds from sale-leaseback of equipment | 364,710 | — |
| Net cash used in investing activities | (1,841,832) | (411,551) |
| Cash flows from financing activities: | ||
| Proceeds from sale of common stock from Employee Stock Purchase Plan | 19,719 | 19,870 |
| Borrowings on loans payable | 142,853 | — |
| Payments on loans payable | (407,510) | (405,498) |
| Repayment of finance lease obligations | (58,785) | (57,140) |
| Net cash used in financing activities | (303,723) | (442,768) |
| Effect of exchange rate on cash and cash equivalents | 32,698 | (107,994) |
| Change in cash, cash equivalents and restricted cash | (1,262,288) | (1,714,039) |
| Cash, cash equivalents and restricted cash, beginning of period | 7,144,490 | 5,507,891 |
| Cash, cash equivalents and restricted cash, end of period | $5,882,202 | $3,793,852 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid in cash | $110,774 | $106,394 |
| Income taxes paid | $114,953 | $218,367 |
| Supplemental disclosure of non-cash investing & financing activities: | ||
| Purchase of equipment through finance lease arrangements | $61,654 | $83,921 |
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.