LIGHTPATH TECHNOLOGIES INC
For the period ended Mar 31, 2025. Filed May 20, 2025.
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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, 2025 · Filed May 20, 2025
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
Condensed Consolidated Balance Sheets
| March 31, | June 30, | |
|---|---|---|
| Assets | 2025 | 2024 |
| Current assets: | ||
| Cash and cash equivalents | $6,478,885 | $3,480,268 |
| Trade accounts receivable, net of allowance of $23,514 and $25,676 | 7,651,086 | 4,928,931 |
| Inventories, net | 12,687,225 | 6,551,059 |
| Prepaid expenses and deposits | 1,206,115 | 445,900 |
| Other current assets | 57,815 | 131,177 |
| Total current assets | 28,081,126 | 15,537,335 |
| Property and equipment, net | 15,461,601 | 15,210,612 |
| Operating lease right-of-use assets | 6,457,530 | 6,741,549 |
| Intangible assets, net | 21,476,226 | 3,650,739 |
| Goodwill | 9,741,473 | 6,764,127 |
| Deferred tax assets, net | 123,000 | 123,000 |
| Other assets | 79,860 | 59,602 |
| Total assets | $81,420,816 | $48,086,964 |
| Liabilities and Stockholders Equity | ||
| Current liabilities: | ||
| Accounts payable | $5,737,240 | $3,231,713 |
| Accrued liabilities | 3,079,036 | 1,911,867 |
| Accrued payroll and benefits | 1,752,940 | 1,446,452 |
| Operating lease liabilities, current | 1,271,740 | 1,059,998 |
| Loans payable, current portion | 185,631 | 209,170 |
| Finance lease obligation, current portion | 203,954 | 177,148 |
| Total current liabilities | 12,230,541 | 8,036,348 |
| Deferred tax liabilities, net | 1,498,479 | 326,197 |
| Accrued liabilities, noncurrent | 937,000 | 611,619 |
| Finance lease obligation, less current portion | 457,441 | 528,753 |
| Operating lease liabilities, noncurrent | 7,518,766 | 8,058,502 |
| Loans payable, less current portion | 4,693,544 | 325,880 |
| Warrant liability | 3,961,023 | |
| Total liabilities | 31,296,794 | 17,887,299 |
| Commitments and Contingencies | ||
| Series G Convertible Preferred Stock; $0.01 par value; 44,000 shares authorized; 24,956 issued and outstanding | $34,399,622 | - |
| 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; 42,893,563 and 39,254,643 shares issued and outstanding | 428,936 | 392,546 |
| Additional paid-in capital | 238,505,174 | 245,140,758 |
| Accumulated other comprehensive income | 451,067 | 509,936 |
| Accumulated deficit | (223,660,777) | (215,843,575) |
| Total stockholders equity | 15,724,400 | 30,199,665 |
| Total liabilities, convertible preferred stock and stockholders equity | $81,420,816 | $48,086,964 |
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.