10-K Filing

Ascent Solar Technologies, Inc. CIK: 1350102 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001564590-21-003381`
Period End Date	20191231
Filing Date	20210129
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	asti-10k_20191231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 28 Cash Flow Statement 72 Stockholders Equity 15

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.16K	USD	Point-in-time
Trade receivables, net of allowance of $46,023 and $45,664, respectively	`AccountsReceivableNetCurrent`	$165.16K	USD	Point-in-time
Trade receivables, net of allowance of $46,023 and $45,664, respectively	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Inventories	`InventoryNet`	$660.79K	USD	Point-in-time
Inventories	`InventoryNet`	$533.89K	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$138.37K	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$51.60K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$982.48K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$585.49K	USD	Point-in-time
Property, Plant and Equipment:	`PropertyPlantAndEquipmentGross`	$32.91M	USD	Point-in-time
Property, Plant and Equipment:	`PropertyPlantAndEquipmentGross`	$36.62M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$32.21M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$28.68M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$4.41M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$4.23M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$45.66K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$46.02K	USD	Point-in-time
Patents, amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$363.53K	USD	Point-in-time
Patents, net of accumulated amortization of $421,182 and $363,533, respectively	`FiniteLivedIntangibleAssetsNet`	$862.43K	USD	Point-in-time
Patents, amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$421.18K	USD	Point-in-time
Patents, net of accumulated amortization of $421,182 and $363,533, respectively	`FiniteLivedIntangibleAssetsNet`	$813.40K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$34.06K	USD	Point-in-time
Total other assets	`OtherAssets`	$813.40K	USD	Point-in-time
Total other assets	`OtherAssets`	$896.49K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$5.63M	USD	Point-in-time
Total Assets	`Assets`	$6.29M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.32M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$270.74K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$460.17K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.62M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00B	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00B	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.56M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	63.54M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.76B	shares	Point-in-time
Accrued Interest	`AccruedInterestCurrent`	$1.20M	USD	Point-in-time
Accrued Interest	`AccruedInterestCurrent`	$2.11M	USD	Point-in-time
Notes Payable	`NotePayableExcludingConvertibleNoteCurrent`	$1.52M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.76B	shares	Point-in-time
Notes Payable	`NotePayableExcludingConvertibleNoteCurrent`	$1.51M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	63.54M	shares	Point-in-time
Current portion of long-term debt	`LongTermDebtExcludingNotesPayableCurrent`	$349.09K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtExcludingNotesPayableCurrent`	$6.08M	USD	Point-in-time
Secured promissory notes, net of discount of $837,242 and $2,824,365, respectively	`SecuredPromissoryNotesCurrent`	$6.34M	USD	Point-in-time
Secured promissory notes, net of discount of $837,242 and $2,824,365, respectively	`SecuredPromissoryNotesCurrent`	$3.45M	USD	Point-in-time
Promissory notes, net of discount of $16,666 and $104,583, respectively	`PromissoryNoteCurrent`	$1.09M	USD	Point-in-time
Promissory notes, net of discount of $16,666 and $104,583, respectively	`PromissoryNoteCurrent`	$1.24M	USD	Point-in-time
Convertible notes, net of discount of $861,567 and $394,011, respectively	`ConvertibleNotesPayableCurrent`	$2.13M	USD	Point-in-time
Convertible notes, net of discount of $861,567 and $394,011, respectively	`ConvertibleNotesPayableCurrent`	$1.85M	USD	Point-in-time
Embedded Derivative Liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiabilityCurrent`	$10.11M	USD	Point-in-time
Embedded Derivative Liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiabilityCurrent`	$7.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.71M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$5.03M	USD	Point-in-time
Accrued Warranty Liability	`StandardProductWarrantyAccrualNoncurrent`	$28.40K	USD	Point-in-time
Accrued Warranty Liability	`StandardProductWarrantyAccrualNoncurrent`	$29.11K	USD	Point-in-time
Series A preferred stock, $.0001 par value; 750,000 shares authorized; 48,100 and 60,756 shares issued and outstanding, respectively ($703,863 and $822,620 Liquidation Preference, respectively)	`PreferredStockValue`	$6.00	USD	Point-in-time
Series A preferred stock, $.0001 par value; 750,000 shares authorized; 48,100 and 60,756 shares issued and outstanding, respectively ($703,863 and $822,620 Liquidation Preference, respectively)	`PreferredStockValue`	$5.00	USD	Point-in-time
Common stock, $0.0001 par value, 20,000,000,000 authorized; 4,759,161,650 and 63,537,885 shares issued and outstanding, respectively	`CommonStockValue`	$475.92K	USD	Point-in-time
Common stock, $0.0001 par value, 20,000,000,000 authorized; 4,759,161,650 and 63,537,885 shares issued and outstanding, respectively	`CommonStockValue`	$6.35K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$395.89M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$397.82M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-418.53M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-423.40M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-15.20M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-25.11M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-22.64M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$6.29M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$5.63M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$862.41K	USD	Annual
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$638.38K	USD	Annual
Costs of Revenue	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$490.75K	USD	Annual
Costs of Revenue	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$1.02M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.31M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$2.79M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.24M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.85M	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$377.31K	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$242.78K	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$3.89M	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$7.43M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-6.57M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-3.25M	USD	Annual
Other Income/(Expense), net	`OtherNonoperatingIncomeExpense`	$13.14K	USD	Annual
Other Income/(Expense), net	`OtherNonoperatingIncomeExpense`	$842.50K	USD	Annual
Interest Expense	`InterestExpenseExcludingWarrantLiability`	$8.85M	USD	Annual
Interest Expense	`InterestExpenseExcludingWarrantLiability`	$7.35M	USD	Annual
Change in fair value of derivatives and loss on extinguishment of liabilities, net	`GainLossOnDerivativeAndExtinguishmentOfDebtNet`	$-2.13M	USD	Annual
Change in fair value of derivatives and loss on extinguishment of liabilities, net	`GainLossOnDerivativeAndExtinguishmentOfDebtNet`	$6.39M	USD	Annual
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-1.62M	USD	Annual
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-9.47M	USD	Annual
Net Loss	`NetIncomeLoss`	$-16.04M	USD	Annual
Net Loss	`NetIncomeLoss`	$-4.87M	USD	Annual
Net Loss Per Share (Basic and Diluted)	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	Annual
Net Loss Per Share (Basic and Diluted)	`EarningsPerShareBasicAndDiluted`	$-0.69	USD	Annual
Weighted Average Common Shares Outstanding (Basic and Diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.54B	shares	Annual
Weighted Average Common Shares Outstanding (Basic and Diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.16M	shares	Annual

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-16.04M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.87M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$381.06K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$242.78K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$29.27K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$20.75K	USD	Annual
Realized loss (gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$842.50K	USD	Annual
Realized loss (gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$14.00K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$24.64K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$29.17K	USD	Annual
Non-cash interest expense	`StockIssuedDuringPeriodValueIssuedForInterestExpenseExpensePortion`	$704.97K	USD	Annual
Non-cash interest expense	`StockIssuedDuringPeriodValueIssuedForInterestExpenseExpensePortion`	$2.58M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$5.20M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$4.74M	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-2.54K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$359.00	USD	Annual
Write off of Enerplex Patents	`WriteOffOfPatents`	$467.00K	USD	Annual
Warranty reserve	`WarrantyReserve`	$-28.59K	USD	Annual
Warranty reserve	`WarrantyReserve`	$-710.00	USD	Annual
Change in fair value of derivatives and loss on extinguishment of liabilities, net	`GainLossOnDerivativeAndExtinguishmentOfDebtNet`	$-2.13M	USD	Annual
Change in fair value of derivatives and loss on extinguishment of liabilities, net	`GainLossOnDerivativeAndExtinguishmentOfDebtNet`	$6.39M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-164.80K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$155.97K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-126.90K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-377.06K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-383.48K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-114.49K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableExcludingRelatedParty`	$-288.94K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableExcludingRelatedParty`	$994.42K	USD	Annual
Related party payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$189.43K	USD	Annual
Related party payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$67.91K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.08M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.42M	USD	Annual
Accrued Interest	`IncreaseDecreaseInAccruedInterestPayable`	$62.13K	USD	Annual
Accrued Interest	`IncreaseDecreaseInAccruedInterestPayable`	$377.85K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.02M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.72M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.39K	USD	Annual
Proceeds on sale of Assets	`ProceedsFromSaleOfProductiveAssets`	$842.50K	USD	Annual
Proceeds on sale of Assets	`ProceedsFromSaleOfProductiveAssets`	$14.00K	USD	Annual
Patent activity costs	`PaymentsToAcquireIntangibleAssets`	$8.62K	USD	Annual
Patent activity costs	`PaymentsToAcquireIntangibleAssets`	$16.45K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.45K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$827.49K	USD	Annual
Proceeds from debt issuance	`ProceedsFromBankDebt`	$4.10M	USD	Annual
Proceeds from debt issuance	`ProceedsFromBankDebt`	$1.89M	USD	Annual
Repayment of debt	`RepaymentsOfBankDebt`	$145.67K	USD	Annual
Repayment of debt	`RepaymentsOfBankDebt`	$10.00K	USD	Annual
Payment of debt financing costs	`PaymentsOfFinancingCosts`	$7.50K	USD	Annual
Payment of debt financing costs	`PaymentsOfFinancingCosts`	$11.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.87M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.95M	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-18.16K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-71.46K	USD	Annual
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$89.62K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.16K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$89.62K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.16K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$2.70K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$237.68K	USD	Annual
Non-cash conversions of preferred stock and convertible notes to equity	`ConversionOfStockToEquityAmount`	$1.42M	USD	Annual
Non-cash conversions of preferred stock and convertible notes to equity	`ConversionOfStockToEquityAmount`	$6.22M	USD	Annual
Non-cash financing costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$45.00K	USD	Annual
Non-cash financing costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$10.80K	USD	Annual
Accounts payable converted to notes payable	`IncreaseDecreaseInNotesPayableCurrent`	$308.04K	USD	Annual
Interest converted to principal	`CapitalExpendituresIncurredButNotYetPaid`	$171.15K	USD	Annual
Interest converted to principal	`CapitalExpendituresIncurredButNotYetPaid`	$140.52K	USD	Annual
Common shares issued for fees	`CommonSharesIssuedForFees`	$49.62K	USD	Annual
Initial embedded derivative liabilities	`InitialEmbeddedDerivativeLiabilities`	$3.87M	USD	Annual
Initial embedded derivative liabilities	`InitialEmbeddedDerivativeLiabilities`	$4.51M	USD	Annual
Promissory notes exchanged for convertible notes	`NotesPayableExchangedToConvertibleNotes`	$850.00K	USD	Annual
Promissory notes exchanged for convertible notes	`NotesPayableExchangedToConvertibleNotes`	$475.00K	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-15.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-25.11M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-22.64M	USD	Point-in-time
Interest and Dividend Expense paid with Common Stock	`StockIssuedDuringPeriodValueIssuedForInterestExpenseEquity`	$117.25K	USD	Annual
Interest and Dividend Expense paid with Common Stock	`StockIssuedDuringPeriodValueIssuedForInterestExpenseEquity`	$62.91K	USD	Annual
Stock issued for fees	`StockIssuedDuringPeriodValueIssuedForServices`	$79.86K	USD	Annual
Loss on Extinguishment of Liabilities	`AdjustmentstoAdditionalPaidinCapitalLossonExtinguishmentofLiabilities`	$878.79K	USD	Annual
Loss on Extinguishment of Liabilities	`AdjustmentstoAdditionalPaidinCapitalLossonExtinguishmentofLiabilities`	$2.29M	USD	Annual
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$20.75K	USD	Annual
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$29.27K	USD	Annual
Net Loss	`NetIncomeLoss`	$-16.04M	USD	Annual
Net Loss	`NetIncomeLoss`	$-4.87M	USD	Annual
Ending balance	`StockholdersEquity`	$-15.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-25.11M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-22.64M	USD	Point-in-time

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