Ascent Solar Technologies Inc. (ASTI) Financial Statements (2024 and earlier)

Company Profile

Business Address 12300 GRANT STREET
THORNTON, CO 80241
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,04911,4835,962168 18
Cash and cash equivalents1,04911,4835,962168 18
Receivables  2496(46)165
Inventory, net of allowances, customer advances and progress billings447615592534534661
Inventory447615592534534661
Other undisclosed current assets393442487298138
Total current assets:1,53612,4446,851779585982
Noncurrent Assets
Operating lease, right-of-use asset2,3654,3254,9855,634 
Property, plant and equipment1,047552280194,2354,413
Long-term investments and receivables696121   
Long-term investments696121   
Intangible assets, net (including goodwill)548087440813862
Intangible assets, net (excluding goodwill)548087440813862
Other noncurrent assets1,2291,215625500 34
Total noncurrent assets:4,7636,2335,9976,5925,0485,310
TOTAL ASSETS:6,29918,67712,8487,3725,6346,292
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9331,4841,6342,2553,2883,881
Accounts payable5795956427371,6632,319
Accrued liabilities1,3548899921,5181,6251,562
Debt762   2,129349
Due to related parties6745136460271
Other undisclosed current liabilities3,0663,4221,3726,76124,83519,369
Total current liabilities:5,7614,9743,0519,15230,71223,870
Noncurrent Liabilities
Long-term debt and lease obligation  5,26812,60912,992 5,029
Long-term debt, excluding current maturities  5,2688,0777,813 5,029
Liabilities, other than long-term debt2,0643,84921142829
Accounts payable and accrued liabilities212121142829
Operating lease, liability2,0433,8284,5325,179 
Other undisclosed noncurrent liabilities    5,406  
Total noncurrent liabilities:2,0649,11812,63118,412285,058
Total liabilities:7,82514,09115,68227,56430,74028,928
Equity
Equity, attributable to parent(1,527)4,586(2,834)(20,192)(25,107)(22,636)
Preferred stock000000
Common stock0301,8104766
Additional paid in capital480,943452,136424,949399,780397,818395,890
Accumulated other comprehensive income (loss)9(16)    
Accumulated deficit(482,478)(447,537)(427,783)(421,783)(423,400)(418,532)
Total equity:(1,527)4,586(2,834)(20,192)(25,107)(22,636)
TOTAL LIABILITIES AND EQUITY:6,29918,67712,8487,3725,6346,292

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues4581,22360867638862
Cost of revenue(4,059)(7,490)(1,902)(175)(1,333)(1,032)
Cost of goods and services sold(1,892)(2,011)(1,902)(175)(491) 
Gross profit:(3,600)(6,267)(1,295)(108)(695)(170)
Operating expenses(12,043)(10,788)(7,496)(2,346)(2,559)(6,400)
Operating loss:(15,643)(17,056)(8,790)(2,455)(3,253)(6,570)
Nonoperating income (expense)(1,426)(2,672)2,7904,072(1,615)(9,466)
Other nonoperating income (expense)74833(169)3,00284313
Interest and debt expense  (476)(5)(25)(29)
Income (loss) from continuing operations before equity method investments, income taxes:(17,070)(19,727)(6,476)1,613(4,893)(16,066)
Loss from equity method investments(0)(27)    
Income (loss) from continuing operations:(17,070)(19,755)(6,476)1,613(4,893)(16,066)
Income (loss) before gain (loss) on sale of properties:(6,476)1,613(4,893)(16,066)
Net income (loss):(17,070)(19,755)(6,476)1,613(4,893)(16,066)
Other undisclosed net income attributable to parent  47652529
Net income (loss) attributable to parent:(17,070)(19,755)(6,000)1,617(4,868)(16,036)
Other undisclosed net loss available to common stockholders, basic(17,981)     
Net income (loss) available to common stockholders, diluted:(35,051)(19,755)(6,000)1,617(4,868)(16,036)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(17,070)(19,755)(6,476)1,613(4,893)(16,066)
Comprehensive income (loss):(17,070)(19,755)(6,476)1,613(4,893)(16,066)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent25(16)    
Comprehensive income (loss), net of tax, attributable to parent:(17,045)(19,771)(6,476)1,613(4,893)(16,066)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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