10-Q Filing

Ascent Solar Technologies, Inc. CIK: 1350102 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001350102-18-000016`
Period End Date	20180331
Filing Date	20180511
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	asti-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 28 Cash Flow Statement 82

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$89.62K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$48.20K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.11K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$35.25K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.98K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$130.95K	USD	Point-in-time
Patents, amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$430.07K	USD	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $35,251 and $48,201, respectively	`AccountsReceivableNetCurrent`	$13.98K	USD	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $35,251 and $48,201, respectively	`AccountsReceivableNetCurrent`	$6.66K	USD	Point-in-time
Patents, amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$440.81K	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.04M	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.07M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$520.94K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$494.43K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.70M	USD	Point-in-time
Property, Plant and Equipment	`PropertyPlantAndEquipmentGross`	$36.65M	USD	Point-in-time
Property, Plant and Equipment	`PropertyPlantAndEquipmentGross`	$36.65M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$32.07M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$32.01M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$4.63M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$4.57M	USD	Point-in-time
Patents, net of accumulated amortization of $440,805 and $430,071, respectively	`FiniteLivedIntangibleAssetsNet`	$1.47M	USD	Point-in-time
Patents, net of accumulated amortization of $440,805 and $430,071, respectively	`FiniteLivedIntangibleAssetsNet`	$1.38M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$42.88K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$49.81K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$1.42M	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
Total Other Assets	`OtherAssets`	$1.52M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00B	shares	Point-in-time
Total Assets	`Assets`	$7.69M	USD	Point-in-time
Total Assets	`Assets`	$7.78M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00B	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	12.74B	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	9.61B	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	12.74B	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	9.61B	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.60M	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$208.75K	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$202.83K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.62M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.09M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$1.57M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$1.57M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$349.09K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$343.39K	USD	Point-in-time
Current portion of secured promissory note, net of discount of $2,595,172 and $1,934,304, respectively	`SecuredPromissoryNotesCurrent`	$822.98K	USD	Point-in-time
Current portion of secured promissory note, net of discount of $2,595,172 and $1,934,304, respectively	`SecuredPromissoryNotesCurrent`	$253.59K	USD	Point-in-time
Promissory Notes, net of discount of $15,000 and $20,626, respectively	`PromissoryNoteCurrent`	$948.81K	USD	Point-in-time
Promissory Notes, net of discount of $15,000 and $20,626, respectively	`PromissoryNoteCurrent`	$984.44K	USD	Point-in-time
Embedded derivative liabilities	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiabilityCurrent`	$6.41M	USD	Point-in-time
Embedded derivative liabilities	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiabilityCurrent`	$8.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.51M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$5.12M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$5.03M	USD	Point-in-time
Long-term secured promissory note, net of current portion, and net of discount of $1,454,595 and $1,684,267, respectively	`SecuredPromissoryNotesNoncurrent`	$30.60K	USD	Point-in-time
Long-term secured promissory note, net of current portion, and net of discount of $1,454,595 and $1,684,267, respectively	`SecuredPromissoryNotesNoncurrent`	$685.07K	USD	Point-in-time
Accrued Warranty Liability	`StandardProductWarrantyAccrualNoncurrent`	$51.36K	USD	Point-in-time
Accrued Warranty Liability	`StandardProductWarrantyAccrualNoncurrent`	$57.70K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value, 20,000,000,000 shares authorized; 12,738,048,718 and 9,606,597,777 shares issued and outstanding, respectively	`CommonStockValue`	$1.27M	USD	Point-in-time
Common stock, $0.0001 par value, 20,000,000,000 shares authorized; 12,738,048,718 and 9,606,597,777 shares issued and outstanding, respectively	`CommonStockValue`	$960.66K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$386.33M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$387.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-402.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-406.93M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-17.74M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-15.20M	USD	Point-in-time
Total Liabilities, Mezzanine Equity and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$7.69M	USD	Point-in-time
Total Liabilities, Mezzanine Equity and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$7.78M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$280.60K	USD	1 Quarter
Revenues	`SalesRevenueNet`	$377.51K	USD	1 Quarter
Cost of revenues (exclusive of depreciation shown below)	`CostOfSalesExcludingDepreciation`	$1.49M	USD	1 Quarter
Cost of revenues (exclusive of depreciation shown below)	`CostOfSalesExcludingDepreciation`	$273.03K	USD	1 Quarter
Research, development and manufacturing operations (exclusive of depreciation shown below)	`ResearchAndDevelopmentExpense`	$1.17M	USD	1 Quarter
Research, development and manufacturing operations (exclusive of depreciation shown below)	`ResearchAndDevelopmentExpense`	$1.28M	USD	1 Quarter
Inventory impairment costs	`InventoryWriteDown`	$363.76K	USD	1 Quarter
Inventory impairment costs	`InventoryWriteDown`	-	USD	1 Quarter
Selling, general and administrative (exclusive of depreciation shown below)	`SellingGeneralAndAdministrativeExpense`	$934.59K	USD	1 Quarter
Selling, general and administrative (exclusive of depreciation shown below)	`SellingGeneralAndAdministrativeExpense`	$1.76M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$101.71K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$371.65K	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$5.27M	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$2.48M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-2.10M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-4.99M	USD	1 Quarter
Other Income/(Expense), net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other Income/(Expense), net	`OtherNonoperatingIncomeExpense`	$728.49K	USD	1 Quarter
Interest expense	`InterestExpenseExcludingWarrantLiability`	$1.99M	USD	1 Quarter
Interest expense	`InterestExpenseExcludingWarrantLiability`	$1.34M	USD	1 Quarter
Change in fair value of derivatives and gain/(loss) on extinguishment of liabilities, net	`GainLossOnDerivativeAndExtinguishmentOfDebtNet`	$-984.46K	USD	1 Quarter
Change in fair value of derivatives and gain/(loss) on extinguishment of liabilities, net	`GainLossOnDerivativeAndExtinguishmentOfDebtNet`	$673.08K	USD	1 Quarter
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-589.79K	USD	1 Quarter
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-2.33M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-4.43M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-5.58M	USD	1 Quarter
Net Loss Per Share (Basic and diluted) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Weighted Average Common Shares Outstanding (Basic and diluted) (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.00B	shares	1 Quarter

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$101.71K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$371.65K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$79.74K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$14.32K	USD	1 Quarter
Realized gain on sale of assets	`GainLossOnDispositionOfAssets1`	$1.21M	USD	1 Quarter
Realized gain on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Amortization of financing costs to interest expense	`AmortizationOfFinancingCosts`	$3.33K	USD	1 Quarter
Amortization of financing costs to interest expense	`AmortizationOfFinancingCosts`	$35.16K	USD	1 Quarter
Non-cash interest expense	`PaidInKindInterest`	$222.65K	USD	1 Quarter
Non-cash interest expense	`PaidInKindInterest`	$575.01K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.01M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.47M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$4.08K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Accrued litigation settlement	`IncreaseDecreaseinAccruedLitigation`	$-143.27K	USD	1 Quarter
Accrued litigation settlement	`IncreaseDecreaseinAccruedLitigation`	-	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$363.76K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	-	USD	1 Quarter
Write down of patents	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	1 Quarter
Write down of patents	`ImpairmentOfIntangibleAssetsFinitelived`	$59.15K	USD	1 Quarter
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-6.34K	USD	1 Quarter
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-7.49K	USD	1 Quarter
Change in fair value of derivatives and (gain)/loss on extinguishment of liabilities, net	`GainLossOnDerivativeAndExtinguishmentOfDebtNet`	$-984.46K	USD	1 Quarter
Change in fair value of derivatives and (gain)/loss on extinguishment of liabilities, net	`GainLossOnDerivativeAndExtinguishmentOfDebtNet`	$673.08K	USD	1 Quarter
Inducement conversion costs	`PreferredStockConversionsInducements`	$407.97K	USD	1 Quarter
Inducement conversion costs	`PreferredStockConversionsInducements`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.33K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-533.82K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$36.47K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-899.91K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-394.55K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$29.85K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-249.69K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$244.97K	USD	1 Quarter
Related party payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	1 Quarter
Related party payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$5.93K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$56.72K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$364.65K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.66M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.49M	USD	1 Quarter
Proceeds from the sale of assets	`ProceedsFromSaleOfProductiveAssets`	$150.00K	USD	1 Quarter
Proceeds from the sale of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	1 Quarter
Patent activity costs	`PaymentsToAcquireIntangibleAssets`	$19.27K	USD	1 Quarter
Patent activity costs	`PaymentsToAcquireIntangibleAssets`	$6.50K	USD	1 Quarter
Net cash provided by/(used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$130.72K	USD	1 Quarter
Net cash provided by/(used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.50K	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromBankDebt`	$1.53M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromBankDebt`	$2.34M	USD	1 Quarter
Proceeds from issuance of stock	`ProceedsFromOtherEquity`	$150.00K	USD	1 Quarter
Proceeds from issuance of stock	`ProceedsFromOtherEquity`	-	USD	1 Quarter
Payment of debt financing costs	`PaymentsOfFinancingCosts`	$42.50K	USD	1 Quarter
Payment of debt financing costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Repayment of debt	`RepaymentsOfBankDebt`	$30.26K	USD	1 Quarter
Repayment of debt	`RepaymentsOfBankDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.50M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.45M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-82.97K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.51K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$89.62K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$88.11K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.98K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$130.95K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$89.62K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$88.11K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.98K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$130.95K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$106.62K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$20.41K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Non-cash conversions of convertible notes and preferred stock	`DebtConversionConvertedInstrumentAmount1`	$1.70M	USD	1 Quarter
Non-cash conversions of convertible notes and preferred stock	`DebtConversionConvertedInstrumentAmount1`	$1.43M	USD	1 Quarter
Interest converted to principal	`DebtInstrumentConvertibleInterestConvertedToPrincipal`	$96.12K	USD	1 Quarter
Interest converted to principal	`DebtInstrumentConvertibleInterestConvertedToPrincipal`	-	USD	1 Quarter
Initial derivatives	`InitialEmbeddedDerivativeLiabilities`	-	USD	1 Quarter
Initial derivatives	`InitialEmbeddedDerivativeLiabilities`	$1.15M	USD	1 Quarter
Make-whole dividend	`Makewholeprovisiononconvertiblepreferredstock`	-	USD	1 Quarter
Make-whole dividend	`Makewholeprovisiononconvertiblepreferredstock`	$257.15K	USD	1 Quarter
Accounts payable converted to notes payable	`IncreaseDecreaseInNotesPayableCurrent`	-	USD	1 Quarter
Accounts payable converted to notes payable	`IncreaseDecreaseInNotesPayableCurrent`	$1.17M	USD	1 Quarter

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