LIGHTPATH TECHNOLOGIES INC
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 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 Balance Sheets
| LIGHTPATH TECHNOLOGIES, INC. | ||
|---|---|---|
| Condensed Consolidated Balance Sheets | ||
| (unaudited) | ||
| September 30, | June 30, | |
| Assets | 2024 | 2024 |
| Current assets: | ||
| Cash and cash equivalents | $4,280,637 | $3,480,268 |
| Trade accounts receivable, net of allowance of $20,870 and $25,676 | 5,196,840 | 4,928,931 |
| Inventories, net | 6,790,204 | 6,551,059 |
| Prepaid expenses and deposits | 538,580 | 445,900 |
| Other current assets | 2,218 | 131,177 |
| Total current assets | 16,808,479 | 15,537,335 |
| Property and equipment, net | 14,921,499 | 15,210,612 |
| Operating lease right-of-use assets | 6,514,321 | 6,741,549 |
| Intangible assets, net | 3,254,963 | 3,650,739 |
| Goodwill | 6,764,127 | 6,764,127 |
| Deferred tax assets, net | 123,000 | 123,000 |
| Other assets | 58,001 | 59,602 |
| Total assets | $48,444,390 | $48,086,964 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $2,661,862 | $3,231,713 |
| Accrued liabilities | 1,413,876 | 1,911,867 |
| Accrued payroll and benefits | 1,487,707 | 1,446,452 |
| Operating lease liabilities, current | 1,028,981 | 1,059,998 |
| Loans payable, current portion | 2,963,855 | 209,170 |
| Finance lease obligation, current portion | 183,656 | 177,148 |
| Total current liabilities | 9,739,937 | 8,036,348 |
| Deferred tax liabilities, net | 331,755 | 326,197 |
| Accrued liabilities, noncurrent | 315,480 | 611,619 |
| Finance lease obligation, less current portion | 491,106 | 528,753 |
| Operating lease liabilities, noncurrent | 7,836,512 | 8,058,502 |
| Loans payable, less current portion | 284,881 | 325,880 |
| Total liabilities | 18,999,671 | 17,887,299 |
| 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 shares authorized; 39,612,737 and 39,254,643 shares issued and outstanding | 396,127 | 392,546 |
| Additional paid-in capital | 245,733,382 | 245,140,758 |
| Accumulated other comprehensive income | 781,530 | 509,936 |
| Accumulated deficit | (217,466,320) | (215,843,575) |
| Total stockholders’ equity | 29,444,719 | 30,199,665 |
| Total liabilities and stockholders’ equity | $48,444,390 | $48,086,964 |
| The accompanying notes are an integral part of these condensed consolidated financial statements. | ||
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