Ascent Solar Technologies, Inc. (ASTI) Financial Statements (2023 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)
| 6/30/2023 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 investments | 11,483 | 5,962 | 168 | 18 | 90 | ||||
| Cash and cash equivalents | 11,483 | 5,962 | 168 | 18 | 90 | ||||
| Receivables | 2 | 49 | 6 | (46) | 165 | 7 | |||
| Inventory, net of allowances, customer advances and progress billings | 615 | 592 | 534 | 534 | 661 | 1,038 | |||
| Inventory | 615 | 592 | 534 | 534 | 661 | 1,038 | |||
| Other undisclosed current assets | 344 | 248 | 72 | 98 | 138 | 494 | |||
| Total current assets: | 12,444 | 6,851 | 779 | 585 | 982 | 1,629 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 4,325 | 4,985 | 5,634 | ✕ | ✕ | ||||
| Property, plant and equipment | 552 | 280 | 19 | 4,235 | 4,413 | 4,632 | |||
| Long-term investments and receivables | 61 | 21 | |||||||
| Long-term investments | 61 | 21 | |||||||
| Intangible assets, net (including goodwill) | 80 | 87 | 440 | 813 | 862 | 1,471 | |||
| Intangible assets, net (excluding goodwill) | 80 | 87 | 440 | 813 | 862 | 1,471 | |||
| Other noncurrent assets | 1,215 | 625 | 500 | 34 | 50 | ||||
| Total noncurrent assets: | 6,233 | 5,997 | 6,592 | 5,048 | 5,310 | 6,153 | |||
| TOTAL ASSETS: | 18,677 | 12,848 | 7,372 | 5,634 | 6,292 | 7,781 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,484 | 1,634 | 2,255 | 3,288 | 3,881 | 3,224 | |||
| Accounts payable | 595 | 642 | 737 | 1,663 | 2,319 | 1,600 | |||
| Accrued liabilities | 889 | 992 | 1,518 | 1,625 | 1,562 | 1,624 | |||
| Debt | 2,129 | 349 | 343 | ||||||
| Due to related parties | 67 | 45 | 136 | 460 | 271 | 203 | |||
| Other undisclosed current liabilities | 3,422 | 1,372 | 6,761 | 24,835 | 19,369 | 10,542 | |||
| Total current liabilities: | 4,974 | 3,051 | 9,152 | 30,712 | 23,870 | 14,312 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 5,268 | 12,609 | 12,992 | 5,029 | 5,118 | ||||
| Long-term debt, excluding current maturities | 5,268 | 8,077 | 7,813 | 5,029 | 5,118 | ||||
| Liabilities, other than long-term debt | 3,849 | 21 | 14 | 28 | 29 | 58 | |||
| Accounts payable and accrued liabilities | 21 | 21 | 14 | 28 | 29 | 58 | |||
| Operating lease, liability | 3,828 | 4,532 | 5,179 | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 5,406 | ||||||||
| Total noncurrent liabilities: | 9,118 | 12,631 | 18,412 | 28 | 5,058 | 5,176 | |||
| Total liabilities: | 14,091 | 15,682 | 27,564 | 30,740 | 28,928 | 19,489 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 4,586 | (2,834) | (20,192) | (25,107) | (22,636) | (15,202) | |||
| Preferred stock | 0 | 0 | 0 | 0 | 0 | ||||
| Common stock | 3 | 0 | 1,810 | 476 | 6 | 961 | |||
| Additional paid in capital | 452,136 | 424,949 | 399,780 | 397,818 | 395,890 | 386,332 | |||
| Accumulated other comprehensive 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: | 18,677 | 12,848 | 7,372 | 5,634 | 6,292 | 7,781 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,223 | 608 | 67 | 638 | 862 | 642 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 642 | |
| 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) | 2,790 | 4,072 | (1,615) | (9,466) | (4,412) | ||
| Other nonoperating income (expense) | 33 | (169) | 3,002 | 843 | 13 | 575 | ||
| 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 | 476 | 5 | 25 | 29 | 76 | |||
| 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)
| 6/30/2023 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 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.