10-K Filing

Ascent Solar Technologies, Inc. CIK: 1350102 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001564590-21-027744`
Period End Date	20201231
Filing Date	20210514
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	asti-10k_20201231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 28 Cash Flow Statement 71 Stockholders Equity 16

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$167.72K	USD	Point-in-time
Trade receivables, net of allowance of $45,883 and $46,023, respectively	`AccountsReceivableNetCurrent`	$5.54K	USD	Point-in-time
Trade receivables, net of allowance of $45,883 and $46,023, respectively	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Inventories	`InventoryNet`	$534.43K	USD	Point-in-time
Inventories	`InventoryNet`	$533.89K	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$51.60K	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$71.58K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$45.88K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$46.02K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$779.27K	USD	Point-in-time
Patents, amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$467.10K	USD	Point-in-time
Patents, amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$421.18K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$585.49K	USD	Point-in-time
Property, Plant and Equipment:	`PropertyPlantAndEquipmentGross`	$24.87M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property, Plant and Equipment:	`PropertyPlantAndEquipmentGross`	$32.91M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$28.68M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$24.85M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$4.23M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$18.77K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$5.63M	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 $467,102 and $421,181, respectively	`FiniteLivedIntangibleAssetsNet`	$813.40K	USD	Point-in-time
Patents, net of accumulated amortization of $467,102 and $421,181, respectively	`FiniteLivedIntangibleAssetsNet`	$439.84K	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
Other non-current assets	`OtherAssetsNoncurrent`	$500.00K	USD	Point-in-time
Total other assets	`OtherAssets`	$6.57M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.76B	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	18.10B	shares	Point-in-time
Total other assets	`OtherAssets`	$813.40K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.76B	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.10B	shares	Point-in-time
Total Assets	`Assets`	$7.37M	USD	Point-in-time
Total Assets	`Assets`	$5.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$736.99K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.66M	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$135.83K	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$460.17K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.52M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.62M	USD	Point-in-time
Accrued interest	`AccruedInterestCurrent`	$2.11M	USD	Point-in-time
Accrued interest	`AccruedInterestCurrent`	$438.06K	USD	Point-in-time
Notes payable	`NotePayableExcludingConvertibleNoteCurrent`	$250.00K	USD	Point-in-time
Notes payable	`NotePayableExcludingConvertibleNoteCurrent`	$1.51M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtExcludingNotesPayableCurrent`	$6.08M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$575.40K	USD	Point-in-time
Secured promissory notes, net	`SecuredPromissoryNotesCurrent`	$6.34M	USD	Point-in-time
Promissory notes, net	`PromissoryNoteCurrent`	$1.09M	USD	Point-in-time
Promissory notes, net	`PromissoryNoteCurrent`	$193.20K	USD	Point-in-time
Convertible notes, net	`ConvertibleNotesPayableCurrent`	$2.13M	USD	Point-in-time
Embedded derivative liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiabilityCurrent`	$7.72M	USD	Point-in-time
Embedded derivative liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiabilityCurrent`	$5.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.15M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$5.18M	USD	Point-in-time
Non-current secured promissory notes, net	`SecuredPromissoryNotesNoncurrent`	$5.41M	USD	Point-in-time
Non-current convertible notes, net	`ConvertibleLongTermNotesPayable`	$7.81M	USD	Point-in-time
Accrued warranty liability	`StandardProductWarrantyAccrualNoncurrent`	$14.14K	USD	Point-in-time
Accrued warranty liability	`StandardProductWarrantyAccrualNoncurrent`	$28.40K	USD	Point-in-time
Total liabilities	`Liabilities`	$27.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$30.74M	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 ($752,765 and $703,863 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 ($752,765 and $703,863 Liquidation Preference, respectively)	`PreferredStockValue`	$5.00	USD	Point-in-time
Common stock, $0.0001 par value, 20,000,000,000 authorized; 18,102,583,473 and 4,759,161,650 shares issued and outstanding, respectively	`CommonStockValue`	$475.92K	USD	Point-in-time
Common stock, $0.0001 par value, 20,000,000,000 authorized; 18,102,583,473 and 4,759,161,650 shares issued and outstanding, respectively	`CommonStockValue`	$1.81M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$399.78M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$397.82M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-421.78M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-423.40M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-20.19M	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`	$5.63M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$7.37M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$66.61K	USD	Annual
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$638.38K	USD	Annual
Costs of revenue	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$490.75K	USD	Annual
Costs of revenue	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$174.59K	USD	Annual
Research, development and manufacturing operations	`ResearchAndDevelopmentExpense`	$1.17M	USD	Annual
Research, development and manufacturing operations	`ResearchAndDevelopmentExpense`	$1.31M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.03M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.85M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$151.66K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$242.78K	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$2.52M	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$3.89M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-3.25M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-2.45M	USD	Annual
Other income/(expense), net	`OtherNonoperatingIncomeExpense`	$842.50K	USD	Annual
Other income/(expense), net	`OtherNonoperatingIncomeExpense`	$3.00M	USD	Annual
Interest expense	`InterestExpenseExcludingWarrantLiability`	$8.85M	USD	Annual
Interest expense	`InterestExpenseExcludingWarrantLiability`	$3.51M	USD	Annual
Change in fair value of derivatives and loss on extinguishment of liabilities, net	`GainLossOnDerivativeAndExtinguishmentOfDebtNet`	$4.58M	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`	$4.07M	USD	Annual
Net Income/(Loss)	`NetIncomeLoss`	$-4.87M	USD	Annual
Net Income/(Loss)	`NetIncomeLoss`	$1.62M	USD	Annual
Weighted Average Common Shares Outstanding (Basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.54B	shares	Annual
Weighted Average Common Shares Outstanding (Basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.86B	shares	Annual
Weighted Average Common Shares Outstanding (Diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.54B	shares	Annual
Weighted Average Common Shares Outstanding (Diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.41B	shares	Annual

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`NetIncomeLoss`	$-4.87M	USD	Annual
Net income/(loss)	`NetIncomeLoss`	$1.62M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$151.66K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$242.78K	USD	Annual
Operating lease asset amortization	`OperatingLeaseAssetAmortization`	$185.83K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$20.75K	USD	Annual
Realized (gain) on sale and foreclosure of assets	`GainLossOnDispositionAndForeclosureOfAssets`	$-2.99M	USD	Annual
Realized (gain) on sale and foreclosure of assets	`GainLossOnDispositionAndForeclosureOfAssets`	$-842.50K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$4.53K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$24.64K	USD	Annual
Non-cash interest expense	`StockIssuedDuringPeriodValueIssuedForInterestExpenseExpensePortion`	$820.03K	USD	Annual
Non-cash interest expense	`StockIssuedDuringPeriodValueIssuedForInterestExpenseExpensePortion`	$2.58M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$4.74M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.38M	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$359.00	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-141.00	USD	Annual
Warranty reserve	`WarrantyReserve`	$-14.26K	USD	Annual
Warranty reserve	`WarrantyReserve`	$-710.00	USD	Annual
Change in fair value of derivatives and (gain) on extinguishment of liabilities, net	`GainLossOnDerivativeAndExtinguishmentOfDebtNet`	$4.58M	USD	Annual
Change in fair value of derivatives and (gain) on extinguishment of liabilities, net	`GainLossOnDerivativeAndExtinguishmentOfDebtNet`	$6.39M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.40K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-164.80K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-126.90K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$539.00	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$524.50K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-114.49K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableExcludingRelatedParty`	$-321.58K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableExcludingRelatedParty`	$-288.94K	USD	Annual
Related party payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$189.43K	USD	Annual
Related party payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-174.34K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-64.86K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestPayable`	$1.42M	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestPayable`	$1.23M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$398.46K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$62.13K	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.72M	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.88M	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`	$254.60K	USD	Annual
Patent activity costs	`PaymentsToAcquireIntangibleAssets`	$8.62K	USD	Annual
Patent activity costs	`PaymentsToAcquireIntangibleAssets`	$156.00	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$254.44K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$827.49K	USD	Annual
Proceeds from debt issuance	`ProceedsFromBankDebt`	$443.20K	USD	Annual
Proceeds from debt issuance	`ProceedsFromBankDebt`	$1.89M	USD	Annual
Repayment of debt	`RepaymentsOfBankDebt`	$10.00K	USD	Annual
Repayment of debt	`RepaymentsOfBankDebt`	$145.00K	USD	Annual
Proceeds from issuance of stock	`ProceedsFromIssuanceOrSaleOfEquity`	$2.50M	USD	Annual
Payment of debt financing costs	`PaymentsOfFinancingCosts`	$7.50K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.87M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.80M	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-18.16K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$171.51K	USD	Annual
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$171.51K	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`	$171.51K	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
Non-cash conversions of preferred stock and convertible notes to equity	`ConversionOfStockToEquityAmount`	$647.13K	USD	Annual
Non-cash conversions of preferred stock and convertible notes to equity	`ConversionOfStockToEquityAmount`	$1.42M	USD	Annual
Non-cash financing costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$10.80K	USD	Annual
Operating lease assets obtained in exchange for operating lease liabilities	`OperatingLeaseAssetsObtainedInExchangeForOperatingLeaseLiabilities`	$5.82M	USD	Annual
Non-cash mortgage derecognition	`NonCashMortgageDerecognition`	$6.44M	USD	Annual
Non-cash property foreclosure	`NonCashPropertyForeclosure`	$6.44M	USD	Annual
Interest converted to principal	`CapitalExpendituresIncurredButNotYetPaid`	$171.15K	USD	Annual
Common shares issued for fees	`CommonSharesIssuedForFees`	$49.62K	USD	Annual
Initial embedded derivative liabilities	`InitialEmbeddedDerivativeLiabilities`	$-447.90K	USD	Annual
Initial embedded derivative liabilities	`InitialEmbeddedDerivativeLiabilities`	$4.51M	USD	Annual
Promissory notes exchanged for convertible notes	`NotesPayableExchangedToConvertibleNotes`	$650.00K	USD	Annual
Promissory notes exchanged for convertible notes	`NotesPayableExchangedToConvertibleNotes`	$850.00K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-20.19M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-25.11M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-22.64M	USD	Point-in-time
Interest Expense paid with Common Stock	`StockIssuedDuringPeriodValueIssuedForInterestExpenseEquity`	$2.13K	USD	Annual
Interest Expense paid with Common Stock	`StockIssuedDuringPeriodValueIssuedForInterestExpenseEquity`	$117.25K	USD	Annual
Proceeds from issuance of Series 1A Preferred Stock	`StockIssuedDuringPeriodValueNewIssues`	$1.30M	USD	Annual
Stock issued for fees	`StockIssuedDuringPeriodValueIssuedForServices`	$79.86K	USD	Annual
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$20.75K	USD	Annual
Loss on Extinguishment of Liabilities	`AdjustmentstoAdditionalPaidinCapitalLossonExtinguishmentofLiabilities`	$878.79K	USD	Annual
Loss on Extinguishment of Liabilities	`AdjustmentstoAdditionalPaidinCapitalLossonExtinguishmentofLiabilities`	$150.00K	USD	Annual
Conversion of shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.20M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-4.87M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$1.62M	USD	Annual
Ending balance	`StockholdersEquity`	$-20.19M	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.