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.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Cash Flows
| LIGHTPATH TECHNOLOGIES, INC. | ||
|---|---|---|
| Condensed Consolidated Statements of Cash Flows | ||
| (unaudited) | ||
| Three Months Ended September 30, | ||
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(1,622,745) | $(1,342,376) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 989,562 | 813,556 |
| Interest from amortization of loan issuance costs | 45,833 | — |
| Loss on disposal of property and equipment | 78,437 | — |
| Stock-based compensation on stock options, RSUs & RSAs, net | 264,475 | 240,075 |
| Provision for credit losses | — | 19 |
| Change in operating lease assets and liabilities | (25,779) | 24,946 |
| Inventory write-offs to allowance | 21,770 | — |
| Deferred taxes | 5,558 | 2,979 |
| Changes in operating assets and liabilities: | ||
| Trade accounts receivable | (267,909) | 1,399,160 |
| Other current assets | 128,959 | (27,083) |
| Inventories | (260,915) | 144,978 |
| Prepaid expenses and deposits | (91,079) | 13,335 |
| Accounts payable and accrued liabilities | (966,368) | (129,600) |
| Net cash (used in) provided by operating activities | (1,700,201) | 1,139,989 |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (79,732) | (955,002) |
| Proceeds from sale of equipment | 10,648 | — |
| Proceeds from sale-leaseback of equipment | — | 364,710 |
| Acquisition of Visimid Technologies, net of cash acquired | (125,000) | (572,141) |
| Net cash used in investing activities | (194,084) | (1,162,433) |
| Cash flows from financing activities: | ||
| Proceeds from sale of common stock from Employee Stock Purchase Plan | 10,372 | 19,719 |
| Loan issuance costs | (300,000) | — |
| Borrowings on loans payable | 3,000,000 | — |
| Payments on loans payable | (53,695) | (206,518) |
| Repayment of finance lease obligations | (43,444) | (27,062) |
| Net cash provided by (used in) financing activities | 2,613,233 | (213,861) |
| Effect of exchange rate on cash and cash equivalents | 81,421 | (48,227) |
| Change in cash, cash equivalents and restricted cash | 800,369 | (284,532) |
| Cash, cash equivalents and restricted cash, beginning of period | 3,480,268 | 7,144,490 |
| Cash, cash equivalents and restricted cash, end of period | $4,280,637 | $6,859,958 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid in cash | $20,990 | $58,397 |
| Income taxes paid | $16,903 | $33,407 |
| Supplemental disclosure of non-cash investing & financing activities: | ||
| Purchase of equipment through finance lease arrangements | — | $46,688 |
| The accompanying notes are an integral part of these condensed consolidated financial statements. | ||
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