10-K Filing

Ascent Solar Technologies, Inc. CIK: 1350102 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0000950170-23-007284`
Period End Date	20221231
Filing Date	20230310
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	asti-20221231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 36 Cash Flow Statement 61 Stockholders Equity 18

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.96M	USD	Point-in-time
Trade receivables, net of allowance of $26,000 and $26,000, respectively	`AccountsReceivableNetCurrent`	$1.77K	USD	Point-in-time
Trade receivables, net of allowance of $26,000 and $26,000, respectively	`AccountsReceivableNetCurrent`	$49.25K	USD	Point-in-time
Inventories	`InventoryNet`	$615.28K	USD	Point-in-time
Inventories	`InventoryNet`	$592.17K	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$247.74K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$26.00K	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$344.11K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$26.00K	USD	Point-in-time
Patents, amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$135.05K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.85M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.44M	USD	Point-in-time
Patents, amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$154.22K	USD	Point-in-time
Property, Plant and Equipment:	`PropertyPlantAndEquipmentGross`	$22.43M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property, Plant and Equipment:	`PropertyPlantAndEquipmentGross`	$22.59M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$22.04M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$22.15M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$551.66K	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$279.66K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$4.32M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$4.98M	USD	Point-in-time
Patents, net of accumulated amortization of $154,218 and $135,050, respectively	`FiniteLivedIntangibleAssetsNet`	$86.59K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Patents, net of accumulated amortization of $154,218 and $135,050, respectively	`FiniteLivedIntangibleAssetsNet`	$79.98K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	$61.38K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Equity method investment	`EquityMethodInvestments`	$21.20K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.79M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.21M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	34.00M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$625.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.79M	shares	Point-in-time
Total other assets	`OtherAssets`	$5.72M	USD	Point-in-time
Total other assets	`OtherAssets`	$5.68M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	34.00M	shares	Point-in-time
Total Assets	`Assets`	$12.85M	USD	Point-in-time
Total Assets	`Assets`	$18.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$642.16K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$595.16K	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$67.16K	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$45.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$657.22K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$888.87K	USD	Point-in-time
Accrued payroll	`AccruedPayrollTaxesCurrent`	$230.70K	USD	Point-in-time
Accrued payroll	`AccruedPayrollTaxesCurrent`	$490.19K	USD	Point-in-time
Severance payable	`SeverancePayableCurrent`	$437.08K	USD	Point-in-time
Accrued professional services fees	`AccruedProfessionalFeesCurrent`	$952.57K	USD	Point-in-time
Accrued professional services fees	`AccruedProfessionalFeesCurrent`	$103.62K	USD	Point-in-time
Accrued interest	`AccruedInterestCurrent`	$475.67K	USD	Point-in-time
Accrued interest	`AccruedInterestCurrent`	$559.06K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$733.57K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$646.74K	USD	Point-in-time
Other payable	`NotePayableExcludingConvertibleNoteCurrent`	$250.00K	USD	Point-in-time
Other payable	`NotePayableExcludingConvertibleNoteCurrent`	$250.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.97M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$3.83M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$4.53M	USD	Point-in-time
Non-current convertible notes, net	`ConvertibleLongTermNotesPayable`	$8.08M	USD	Point-in-time
Non-current convertible notes, net	`ConvertibleLongTermNotesPayable`	$5.27M	USD	Point-in-time
Accrued warranty liability	`StandardProductWarrantyAccrualNoncurrent`	$21.23K	USD	Point-in-time
Accrued warranty liability	`StandardProductWarrantyAccrualNoncurrent`	$21.23K	USD	Point-in-time
Total liabilities	`Liabilities`	$14.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.68M	USD	Point-in-time
Commitments and contingencies (Note 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A preferred stock, $.0001 par value; 750,000 shares authorized; 48,100 and 48,100 shares issued and outstanding, respectively ($850,301 and $801,533 Liquidation Preference, respectively)	`PreferredStockValue`	$5.00	USD	Point-in-time
Series A preferred stock, $.0001 par value; 750,000 shares authorized; 48,100 and 48,100 shares issued and outstanding, respectively ($850,301 and $801,533 Liquidation Preference, respectively)	`PreferredStockValue`	$5.00	USD	Point-in-time
Common stock, $0.0001 par value, 500,000,000 authorized; 34,000,812 and 4,786,804 shares issued and outstanding, respectively	`CommonStockValue`	$479.00	USD	Point-in-time
Common stock, $0.0001 par value, 500,000,000 authorized; 34,000,812 and 4,786,804 shares issued and outstanding, respectively	`CommonStockValue`	$3.40K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$424.95M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$452.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-447.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-427.78M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.02K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-2.83M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$4.59M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-20.19M	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$12.85M	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$18.68M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$607.78K	USD	Annual
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.22M	USD	Annual
Costs of revenue	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$2.01M	USD	Annual
Costs of revenue	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$1.90M	USD	Annual
Research, development and manufacturing operations	`ResearchAndDevelopmentExpense`	$5.98M	USD	Annual
Research, development and manufacturing operations	`ResearchAndDevelopmentExpense`	$4.14M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.30M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.74M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$5.48M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$75.64K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$57.31K	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$18.28M	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$9.40M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-8.79M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-17.06M	USD	Annual
Other income/(expense), net	`OtherNonoperatingIncomeExpense`	$33.10K	USD	Annual
Other income/(expense), net	`OtherNonoperatingIncomeExpense`	$-169.42K	USD	Annual
Interest expense	`InterestExpenseExcludingWarrantLiability`	$1.09M	USD	Annual
Interest expense	`InterestExpenseExcludingWarrantLiability`	$2.70M	USD	Annual
Change in fair value of derivatives and loss on extinguishment of liabilities, net	`GainLossOnDerivativeAndExtinguishmentOfDebtNet`	$4.05M	USD	Annual
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-2.67M	USD	Annual
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$2.79M	USD	Annual
Income/(Loss) on Equity Method Investment	`IncomeLossFromEquityMethodInvestments`	$-27.36K	USD	Annual
Net Income/(Loss)	`NetIncomeLoss`	$-19.75M	USD	Annual
Net Income/(Loss)	`NetIncomeLoss`	$-6.00M	USD	Annual
Net Income/(Loss) Per Share (Basic)	`EarningsPerShareBasic`	$-0.66	USD	Annual
Net Income/(Loss) Per Share (Basic)	`EarningsPerShareBasic`	$-1.54	USD	Annual
Net Income/(Loss) Per Share (Diluted)	`EarningsPerShareDiluted`	$-1.54	USD	Annual
Net Income/(Loss) Per Share (Diluted)	`EarningsPerShareDiluted`	$-0.66	USD	Annual
Weighted Average Common Shares Outstanding (Basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.89M	shares	Annual
Weighted Average Common Shares Outstanding (Basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	29.80M	shares	Annual
Weighted Average Common Shares Outstanding (Diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.80M	shares	Annual
Weighted Average Common Shares Outstanding (Diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.89M	shares	Annual
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-16.02K	USD	Annual
Net Comprehensive Income/(Loss)	`ComprehensiveIncomeNetOfTax`	$-19.77M	USD	Annual
Net Comprehensive Income/(Loss)	`ComprehensiveIncomeNetOfTax`	$-6.00M	USD	Annual

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`NetIncomeLoss`	$-19.75M	USD	Annual
Net income/(loss)	`NetIncomeLoss`	$-6.00M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$75.64K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$57.31K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$5.48M	USD	Annual
Operating lease asset amortization	`OperatingLeaseAssetAmortization`	$648.98K	USD	Annual
Operating lease asset amortization	`OperatingLeaseAssetAmortization`	$694.23K	USD	Annual
Loss on equity method investment	`IncomeLossFromEquityMethodInvestments`	$-27.36K	USD	Annual
Patent write off	`PatentWriteOff`	$297.70K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$2.61M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.01M	USD	Annual
Warranty reserve	`WarrantyReserve`	$7.08K	USD	Annual
Change in fair value of derivatives and (gain) on extinguishment of liabilities, net	`GainLossOnDerivativeAndExtinguishmentOfDebtNet`	$4.05M	USD	Annual
Other	`Other`	$4.50K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$43.71K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-47.48K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$57.74K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$23.11K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$301.16K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$686.36K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableExcludingRelatedParty`	$-77.17K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableExcludingRelatedParty`	$-47.01K	USD	Annual
Related party payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$22.16K	USD	Annual
Related party payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-90.83K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-656.33K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-575.40K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestPayable`	$83.39K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestPayable`	$62.78K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.62M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-292.44K	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.40M	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.51M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$169.36K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$280.32K	USD	Annual
Contributions to equity method investment	`PaymentsToAcquireEquityMethodInvestments`	$83.56K	USD	Annual
Contributions to equity method investment	`PaymentsToAcquireEquityMethodInvestments`	$21.20K	USD	Annual
Patent activity costs	`ProceedsFromPaymentsToPatentActivity`	$-12.56K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-265.47K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-301.52K	USD	Annual
Proceeds from issuance of convertible debt and warrants	`ProceedsFromIssuanceOfConvertibleDebtAndWarrants`	$13.50M	USD	Annual
Proceeds from issuance of stock and warrants	`ProceedsFromIssuanceOfStockAndWarrants`	$5.00M	USD	Annual
Proceeds from issuance of stock and warrants	`ProceedsFromIssuanceOfStockAndWarrants`	$15.50M	USD	Annual
Financing issuance cost	`PaymentsOfStockIssuanceCosts`	$2.21M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.29M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.50M	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.79M	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.52M	USD	Annual
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$167.72K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.96M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$167.72K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.48M	USD	Point-in-time
Conversions of preferred stock and convertible notes to equity	`ConversionOfStockToEquityAmount`	$10.51M	USD	Annual
Conversions of preferred stock and convertible notes to equity	`ConversionOfStockToEquityAmount`	$6.07M	USD	Annual
Series 1A preferred stock conversion	`SeriesOneAPreferredStockConversion`	$100.00K	USD	Annual
Series 1A preferred stock conversion	`SeriesOneAPreferredStockConversion`	$740.00	USD	Annual
Extinguishment of note payable	`ExtinguishmentOfDebtAmount`	$193.20K	USD	Annual
Operating lease assets obtained in exchange for operating lease liabilities	`OperatingLeaseAssetsObtainedInExchangeForOperatingLeaseLiabilities`	$53.19K	USD	Annual
Purchase of equipment not yet paid at end of the year	`CapitalExpendituresIncurredButNotYetPaid`	$159.12K	USD	Annual
Conversion of bridge loan into common stock and warrants	`ConversionOfBridgeLoanIntoCommonStockAndWarrants`	$1.00M	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-2.83M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.59M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-20.19M	USD	Point-in-time
Proceeds from issuance of Series 1A Preferred Stock	`StockIssuedDuringPeriodValueNewIssues`	$2.50M	USD	Annual
Proceeds from issuance of Series 1A Preferred Stock	`StockIssuedDuringPeriodValueNewIssues`	$3.00M	USD	Point-in-time
Proceeds from issuance of Series 1A Preferred Stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	15,000.00	shares	Point-in-time
Proceeds from issuance of Common Stock	`StockIssuedDuringPeriodValueOfCommonStock`	$13.00M	USD	Annual
Loss on Extinguishment of Liabilities	`AdjustmentstoAdditionalPaidinCapitalLossonExtinguishmentofLiabilities`	$1.69M	USD	Annual
Conversion of shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$5.80M	USD	Annual
Warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$2.99M	USD	Annual
Beneficial Conversion Feature	`BeneficialConversionFeature`	$4.49M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.48M	USD	Annual
Net Income	`NetIncomeLoss`	$-19.75M	USD	Annual
Net Income	`NetIncomeLoss`	$-6.00M	USD	Annual
Foreign Currency Translation Loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-16.02K	USD	Annual
Ending balance	`StockholdersEquity`	$-2.83M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.59M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-20.19M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.