10-K Filing

Ascent Solar Technologies, Inc. CIK: 1350102 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001564590-22-010099`
Period End Date	20211231
Filing Date	20220314
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	asti-10k_20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 32 Cash Flow Statement 62 Stockholders Equity 17

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$167.72K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.96M	USD	Point-in-time
Trade receivables, net of allowance of $26,000 and $45,883, respectively	`AccountsReceivableNetCurrent`	$49.25K	USD	Point-in-time
Trade receivables, net of allowance of $26,000 and $45,883, respectively	`AccountsReceivableNetCurrent`	$5.54K	USD	Point-in-time
Inventories	`InventoryNet`	$592.17K	USD	Point-in-time
Inventories	`InventoryNet`	$534.43K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$26.00K	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$247.74K	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
Total current assets	`AssetsCurrent`	$779.27K	USD	Point-in-time
Patents, amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$135.05K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.85M	USD	Point-in-time
Patents, amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$467.10K	USD	Point-in-time
Property, Plant and Equipment:	`PropertyPlantAndEquipmentGross`	$24.87M	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
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$24.85M	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`	$18.77K	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$279.66K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$4.98M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$5.63M	USD	Point-in-time
Patents, net of accumulated amortization of $135,050 and $467,102, respectively	`FiniteLivedIntangibleAssetsNet`	$86.59K	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 $135,050 and $467,102, respectively	`FiniteLivedIntangibleAssetsNet`	$439.84K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	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 authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$625.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.79M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$500.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	3.66M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.79M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	3.66M	shares	Point-in-time
Total other assets	`OtherAssets`	$5.72M	USD	Point-in-time
Total other assets	`OtherAssets`	$6.57M	USD	Point-in-time
Total Assets	`Assets`	$7.37M	USD	Point-in-time
Total Assets	`Assets`	$12.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$736.99K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$642.16K	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$45.00K	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$135.83K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$991.53K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.52M	USD	Point-in-time
Accrued interest	`AccruedInterestCurrent`	$438.06K	USD	Point-in-time
Accrued interest	`AccruedInterestCurrent`	$162.21K	USD	Point-in-time
Accrued interest	`AccruedInterestCurrent`	$475.67K	USD	Point-in-time
Notes payable	`NotePayableExcludingConvertibleNoteCurrent`	$250.00K	USD	Point-in-time
Notes payable	`NotePayableExcludingConvertibleNoteCurrent`	$250.00K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$646.74K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$575.40K	USD	Point-in-time
Promissory notes, net	`PromissoryNoteCurrent`	$193.20K	USD	Point-in-time
Embedded derivative liability	`EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiabilityCurrent`	$5.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.05M	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 operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$4.53M	USD	Point-in-time
Non-current secured promissory notes, net	`SecuredPromissoryNotesNoncurrent`	$5.41M	USD	Point-in-time
Non-current convertible notes, net	`ConvertibleLongTermNotesPayable`	$8.08M	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`	$21.23K	USD	Point-in-time
Total liabilities	`Liabilities`	$27.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.68M	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 ($801,533 and $752,765 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 ($801,533 and $752,765 Liquidation Preference, respectively)	`PreferredStockValue`	$5.00	USD	Point-in-time
Common stock, $0.0001 par value, 500,000,000 authorized; 4,786,804 and 3,659,828 shares issued and outstanding, respectively	`CommonStockValue`	$368.00	USD	Point-in-time
Common stock, $0.0001 par value, 500,000,000 authorized; 4,786,804 and 3,659,828 shares issued and outstanding, respectively	`CommonStockValue`	$479.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$424.95M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$401.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-427.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-421.78M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-25.11M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-20.19M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-2.83M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$12.85M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$7.37M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$66.61K	USD	Annual
Total Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$607.78K	USD	Annual
Costs of revenue	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$174.59K	USD	Annual
Costs of revenue	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$1.90M	USD	Annual
Research, development and manufacturing operations	`ResearchAndDevelopmentExpense`	$1.17M	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`	$1.03M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$57.31K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$151.66K	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$9.40M	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$2.52M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-8.79M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-2.45M	USD	Annual
Other income/(expense), net	`OtherNonoperatingIncomeExpense`	$-169.42K	USD	Annual
Other income/(expense), net	`OtherNonoperatingIncomeExpense`	$3.00M	USD	Annual
Interest expense	`InterestExpenseExcludingWarrantLiability`	$3.51M	USD	Annual
Interest expense	`InterestExpenseExcludingWarrantLiability`	$1.09M	USD	Annual
Change in fair value of derivatives and loss on extinguishment of liabilities, net	`GainLossOnDerivativeAndExtinguishmentOfDebtNet`	$4.05M	USD	Annual
Change in fair value of derivatives and loss on extinguishment of liabilities, net	`GainLossOnDerivativeAndExtinguishmentOfDebtNet`	$4.58M	USD	Annual
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$2.79M	USD	Annual
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$4.07M	USD	Annual
Net Income/(Loss)	`NetIncomeLoss`	$-6.00M	USD	Annual
Net Income/(Loss)	`NetIncomeLoss`	$1.62M	USD	Annual
Net Income/(Loss) Per Share (Basic)	`EarningsPerShareBasic`	$1.15	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`	$0.32	USD	Annual
Weighted Average Common Shares Outstanding (Basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.41M	shares	Annual
Weighted Average Common Shares Outstanding (Basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.89M	shares	Annual
Weighted Average Common Shares Outstanding (Diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.72M	shares	Annual
Weighted Average Common Shares Outstanding (Diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.89M	shares	Annual

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$-6.00M	USD	Annual
Net Income	`NetIncomeLoss`	$1.62M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$57.31K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$151.66K	USD	Annual
Operating lease asset amortization	`OperatingLeaseAssetAmortization`	$185.83K	USD	Annual
Operating lease asset amortization	`OperatingLeaseAssetAmortization`	$648.98K	USD	Annual
Patent write off	`PatentWriteOff`	$297.70K	USD	Annual
Realized (gain) on sale and foreclosure of assets	`GainLossOnDispositionAndForeclosureOfAssets`	$-2.99M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$4.53K	USD	Annual
Non-cash interest expense	`StockIssuedDuringPeriodValueIssuedForInterestExpenseExpensePortion`	$820.03K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.38M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.01M	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-141.00	USD	Annual
Warranty reserve	`WarrantyReserve`	$-14.26K	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
Change in fair value of derivatives and (gain) on extinguishment of liabilities, net	`GainLossOnDerivativeAndExtinguishmentOfDebtNet`	$4.58M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$43.71K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.40K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$539.00	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$57.74K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$301.16K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$524.50K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableExcludingRelatedParty`	$-321.58K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableExcludingRelatedParty`	$-77.17K	USD	Annual
Related party payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-90.83K	USD	Annual
Related party payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-174.34K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-575.40K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-64.86K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestPayable`	$62.78K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestPayable`	$1.23M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-292.44K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$398.46K	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.40M	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.88M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$280.32K	USD	Annual
Contributions to equity method investment	`PaymentsToAcquireEquitySecuritiesFvNi`	$21.20K	USD	Annual
Proceeds on sale of assets	`ProceedsFromSaleOfProductiveAssets`	$254.60K	USD	Annual
Patent activity costs	`ProceedsFromPaymentsToPatentActivity`	$-156.00	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-301.52K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$254.44K	USD	Annual
Proceeds from debt issuance	`ProceedsFromBankDebt`	$443.20K	USD	Annual
Repayment of debt	`RepaymentsOfBankDebt`	$145.00K	USD	Annual
Proceeds from issuance of stock	`ProceedsFromIssuanceOrSaleOfEquity`	$15.50M	USD	Annual
Proceeds from issuance of stock	`ProceedsFromIssuanceOrSaleOfEquity`	$2.50M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.80M	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`	$167.72K	USD	Annual
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.96M	USD	Point-in-time
Cash and cash equivalents at beginning 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`	$167.72K	USD	Point-in-time
Conversions of preferred stock and convertible notes to equity	`ConversionOfStockToEquityAmount`	$647.13K	USD	Annual
Conversions of preferred stock and convertible notes to equity	`ConversionOfStockToEquityAmount`	$6.07M	USD	Annual
Series 1A preferred stock conversion	`DebtConversionConvertedInstrumentAmount1`	$100.00K	USD	Annual
Extinguishment of note payable	`ExtinguishmentOfDebtAmount`	$193.20K	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
Initial embedded derivative liabilities	`InitialEmbeddedDerivativeLiabilities`	$-447.90K	USD	Annual
Promissory notes exchanged for convertible notes	`NotesPayableExchangedToConvertibleNotes`	$650.00K	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-25.11M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-20.19M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-2.83M	USD	Point-in-time
Interest Expense paid with Common Stock	`StockIssuedDuringPeriodValueIssuedForInterestExpenseEquity`	$2.13K	USD	Annual
Proceeds from issuance of Series 1A Preferred Stock	`StockIssuedDuringPeriodValueNewIssues`	$2.50M	USD	Annual
Proceeds from issuance of Series 1A Preferred Stock	`StockIssuedDuringPeriodValueNewIssues`	$1.30M	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
Loss on Extinguishment of Liabilities	`AdjustmentstoAdditionalPaidinCapitalLossonExtinguishmentofLiabilities`	$150.00K	USD	Annual
Conversion of shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.20M	USD	Annual
Net Income	`NetIncomeLoss`	$-6.00M	USD	Annual
Net Income	`NetIncomeLoss`	$1.62M	USD	Annual
Ending balance	`StockholdersEquity`	$-25.11M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-20.19M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-2.83M	USD	Point-in-time

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