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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,4835,962168 1890
Cash and cash equivalents11,4835,962168 1890
Receivables 2496(46)1657
Inventory, net of allowances, customer advances and progress billings6155925345346611,038
Inventory6155925345346611,038
Other undisclosed current assets3442487298138494
Total current assets:12,4446,8517795859821,629
Noncurrent Assets
Operating lease, right-of-use asset4,3254,9855,634 
Property, plant and equipment552280194,2354,4134,632
Long-term investments and receivables6121    
Long-term investments6121    
Intangible assets, net (including goodwill)80874408138621,471
Intangible assets, net (excluding goodwill)80874408138621,471
Other noncurrent assets1,215625500 3450
Total noncurrent assets:6,2335,9976,5925,0485,3106,153
TOTAL ASSETS:18,67712,8487,3725,6346,2927,781
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4841,6342,2553,2883,8813,224
Accounts payable5956427371,6632,3191,600
Accrued liabilities8899921,5181,6251,5621,624
Debt   2,129349343
Due to related parties6745136460271203
Other undisclosed current liabilities3,4221,3726,76124,83519,36910,542
Total current liabilities:4,9743,0519,15230,71223,87014,312
Noncurrent Liabilities
Long-term debt and lease obligation 5,26812,60912,992 5,0295,118
Long-term debt, excluding current maturities 5,2688,0777,813 5,0295,118
Liabilities, other than long-term debt3,8492114282958
Accounts payable and accrued liabilities212114282958
Operating lease, liability3,8284,5325,179 
Other undisclosed noncurrent liabilities   5,406   
Total noncurrent liabilities:9,11812,63118,412285,0585,176
Total liabilities:14,09115,68227,56430,74028,92819,489
Equity
Equity, attributable to parent, including:4,586(2,834)(20,192)(25,107)(22,636)(15,202)
Preferred stock00000 
Common stock301,8104766961
Additional paid in capital452,136424,949399,780397,818395,890386,332
Accumulated other comprehensive income (loss)(16)     
Accumulated deficit(447,537)(427,783)(421,783)(423,400)(418,532)(402,495)
Other undisclosed equity, attributable to parent      0
Total equity:4,586(2,834)(20,192)(25,107)(22,636)(15,202)
Other undisclosed liabilities and equity      3,495
TOTAL LIABILITIES AND EQUITY:18,67712,8487,3725,6346,2927,781

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,22360867638862642
Revenue, net642
Cost of revenue(7,490)(1,902)(175)(1,333)(1,032)(4,388)
Cost of goods and services sold(2,011)(1,902)(175)(491) (363)
Gross profit:(6,267)(1,295)(108)(695)(170)(3,746)
Operating expenses(10,788)(7,496)(2,346)(2,559)(6,400)(10,402)
Operating loss:(17,056)(8,790)(2,455)(3,253)(6,570)(14,148)
Nonoperating income (expense)(2,672)2,7904,072(1,615)(9,466)(4,412)
Other nonoperating income (expense)33(169)3,00284313575
Interest and debt expense  (476)(5)(25)(29)(76)
Income (loss) from continuing operations before equity method investments, income taxes:(19,727)(6,476)1,613(4,893)(16,066)(18,636)
Loss from equity method investments(27)     
Income (loss) from continuing operations:(19,755)(6,476)1,613(4,893)(16,066)(18,636)
Income (loss) before gain (loss) on sale of properties:(6,476)1,613(4,893)(16,066)(18,636)
Net income (loss):(19,755)(6,476)1,613(4,893)(16,066)(18,636)
Other undisclosed net income attributable to parent  4765252976
Net income (loss) attributable to parent:(19,755)(6,000)1,617(4,868)(16,036)(18,560)
Preferred stock dividends and other adjustments      (636)
Other undisclosed net loss available to common stockholders, basic      
Net income (loss) available to common stockholders, diluted:(19,755)(6,000)1,617(4,868)(16,036)(19,196)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(19,755)(6,476)1,613(4,893)(16,066)(18,636)
Comprehensive income (loss):(19,755)(6,476)1,613(4,893)(16,066)(18,636)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(16)     
Comprehensive income (loss), net of tax, attributable to parent:(19,771)(6,476)1,613(4,893)(16,066)(18,636)

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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