LIGHTPATH TECHNOLOGIES INC
For the period ended Mar 31, 2024. Filed May 9, 2024.
View on SEC.govAbout this filing
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.
Mar 31, 2024 · Filed May 9, 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) | ||
| March 31, | June 30, | |
| Assets | 2024 | 2023 |
| Current assets: | ||
| Cash and cash equivalents | $3,008,952 | $4,687,004 |
| Restricted cash | 150,000 | 2,457,486 |
| Trade accounts receivable, net of allowance of $25,781 and $18,502 | 4,661,031 | 6,634,574 |
| Inventories, net | 6,827,475 | 7,410,734 |
| Prepaid expenses and deposits | 482,371 | 570,293 |
| Other current assets | 419,797 | — |
| Total current assets | 15,549,626 | 21,760,091 |
| Property and equipment, net | 15,940,981 | 12,810,930 |
| Operating lease right-of-use assets | 7,164,556 | 9,571,604 |
| Intangible assets, net | 4,085,141 | 3,332,715 |
| Goodwill | 6,764,127 | 5,854,905 |
| Deferred tax assets, net | 140,000 | 140,000 |
| Other assets | 61,041 | 65,939 |
| Total assets | $49,705,472 | $53,536,184 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $2,797,755 | $2,574,135 |
| Accrued liabilities | 1,878,449 | 662,242 |
| Accrued payroll and benefits | 1,484,240 | 1,499,896 |
| Operating lease liabilities, current | 1,090,806 | 969,890 |
| Loans payable, current portion | 323,689 | 1,023,814 |
| Finance lease obligation, current portion | 172,904 | 103,646 |
| Total current liabilities | 7,747,843 | 6,833,623 |
| Deferred tax liabilities, net | 473,573 | 465,000 |
| Accrued liabilities, noncurrent | 611,619 | — |
| Finance lease obligation, less current portion | 573,130 | 341,201 |
| Operating lease liabilities, noncurrent | 8,315,001 | 8,393,248 |
| Loans payable, less current portion | 275,748 | 1,550,587 |
| Total liabilities | 17,996,914 | 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; 94,500,000 and 44,500,000 shares authorized; 38,126,249 and 34,344,739 shares issued and outstanding | 381,262 | 373,447 |
| Additional paid-in capital | 244,188,153 | 242,808,771 |
| Accumulated other comprehensive income | 628,945 | 606,536 |
| Accumulated deficit | (213,489,802) | (207,836,229) |
| Total stockholders’ equity | 31,708,558 | 35,952,525 |
| Total liabilities and stockholders’ equity | $49,705,472 | $53,536,184 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.