LIGHTPATH TECHNOLOGIES INC
For the period ended Mar 31, 2024. Filed May 9, 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.
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.
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Unaudited Condensed Consolidated Statements of Cash Flows
| LIGHTPATH TECHNOLOGIES, INC. | ||
|---|---|---|
| Condensed Consolidated Statements of Cash Flows | ||
| (unaudited) | ||
| Nine Months Ended March 31, | ||
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(5,653,573) | $(3,238,031) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 2,985,850 | 2,359,550 |
| Interest from amortization of debt costs | — | 55,680 |
| Loss (gain) on disposal of property and equipment | 13,248 | (55,910) |
| Stock-based compensation on stock options, RSUs & RSAs, net | 763,258 | 1,071,183 |
| Provision for credit losses | (4,422) | 9,622 |
| Change in operating lease assets and liabilities | 47,693 | (89,306) |
| Inventory write-offs to allowance | 95,539 | 70,566 |
| Deferred taxes | 8,573 | (12,620) |
| Changes in operating assets and liabilities: | ||
| Trade accounts receivable | 1,766,594 | 413,193 |
| Other current assets | (419,797) | — |
| Inventories | 725,460 | (1,317,347) |
| Prepaid expenses and deposits | 95,900 | (63,624) |
| Accounts payable and accrued liabilities | 32,020 | (123,542) |
| Net cash provided by (used in) operating activities | 456,343 | (920,586) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (1,892,660) | (2,325,155) |
| Proceeds from sale of equipment | — | 65,500 |
| Proceeds from sale-leaseback of equipment | 364,710 | — |
| Acquisition of Visimid Technologies, net of cash acquired | (847,141) | — |
| Net cash used in investing activities | (2,375,091) | (2,259,655) |
| Cash flows from financing activities: | ||
| Proceeds from sale of common stock from Employee Stock Purchase Plan | 39,677 | 40,380 |
| Proceeds from issuance of common stock under public equity placement | 98,208 | 9,204,510 |
| Borrowings on loans payable | 142,853 | — |
| Payments on loans payable | (2,262,798) | (1,648,899) |
| Repayment of finance lease obligations | (87,610) | (63,345) |
| Net cash (used in) provided by financing activities | (2,069,670) | 7,532,646 |
| Effect of exchange rate on cash and cash equivalents | 2,880 | 42,601 |
| Change in cash, cash equivalents and restricted cash | (3,985,538) | 4,395,006 |
| Cash, cash equivalents and restricted cash, beginning of period | 7,144,490 | 5,507,891 |
| Cash, cash equivalents and restricted cash, end of period | $3,158,952 | $9,902,897 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid in cash | $161,676 | $170,109 |
| Income taxes paid | $120,787 | $323,414 |
| Supplemental disclosure of non-cash investing & financing activities: | ||
| Purchase of equipment through finance lease arrangements | $391,107 | $83,921 |
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