only 20 Million in Liabilities.......... hahahahhahahhahahhahah
ASCENT SOLAR TECHNOLOGIES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
March 31, 2017
December 31, 2016 ASSETS
Cash and cash equivalents
Trade receivables, net of allowance for doubtful accounts of $246,116 and $60,347, respectively
Prepaid expenses and other current assets
Total current assets
Property, Plant and Equipment
Less accumulated depreciation and amortization
Patents, net of accumulated amortization of $302,864 and $169,626, respectively
Other non-current assets
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Related party payables
Current portion of long-term debt
Promissory Notes, net of discount of $15,000 and $0, respectively
Current portion of litigation settlement
Series E preferred stock, net of discount of $55,685 and $63,640, respectively
Series F preferred stock
Series G preferred stock, net of discount of $464,766 and $699,674, respectively
July 2016 convertible notes, net of discount of $817,203 and $1,634,357, respectively
Series I exchange notes, net of discount of $130,840 and $199,474, respectively
Series J preferred stock, net of discount of $440,640 and $0, respectively
Series K preferred stock
October 2016 convertible notes, net of discount of $198,000 and $264,000 respectively
Tertius Financial Group promissory notes, net of discount of $0 and $59,658, respectively
Short term embedded derivative liabilities
Make-whole dividend liability
Total current liabilities
Accrued Warranty Liability
Commitments and Contingencies (Notes 4 & 23)
Series J-1 preferred stock: 700 shares authorized; 700 and issued and outstanding as of March 31, 2017 and December 31, 2016
Series A preferred stock, $.0001 par value; 750,000 shares authorized and issued; 60,756 shares and 125,044 shares outstanding as of March 31, 2017 and December 31, 2016, respectively ($729,072 and $1,500,528 Liquidation Preference)
Common stock, $0.0001 par value, 20,000,000,000 shares authorized; 2,561,968,275 and 554,223,320 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively
Additional paid in capital
(383,932,576 ) Total stockholders’ deficit
(13,991,076 ) Total Liabilities, Mezzanine Equity and Stockholders’ Deficit
I, Victor Lee, certify that: 1. I have reviewed this Quarterly Report on Form 10-Q of Ascent Solar Technologies, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and (d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and 5. The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
Blaaaa Blaaa Blaaaaaa Victor -----
It might be easier to just ignore this stock for a year, then come back and see if my money hasn't evaporated. What pathetic CEO. Such a waste of great idea.
Ascent Solar Technologies ASTI Stock Message Board: [b]Absolutely.[/b] That [b]HUGE[/b] 31 Million share buy after
Here's a real solar company, its the Smartflower. Real products. Real solar, not that plastic #$%$ ASTI makes... Victor F-N Lee, king of dilution
What's the big deal. everything is a gamble. if you can't afford to lose. STAY OUT OF THE MARKET!!! THE market is not a gentleman.
Can you say Diluted Plastic Solar Bankrupt company # XX Victor lying through his teeth on the report...To the best of his knowledge, he has scr ewd all of his shareholders out of their money......
Another Stupid Technology Company ASTI.......
99.99% of stocks under 1 penny are SCAMS okay!
.0048 in AH..... I might get filled tomorrow.... .0004 10 mil. $4k come on Victor F-N Lee......... Is you toilet paper worth anything any way or am I just wasting my money again, and again..??
$ASTI Mr. Song Liang, Chairman and Founder of the Boone Group, commented "We remain committed to investing in Ascent Solar not deterred by the short term fluctuation of the stock price." Mr. Song continued, "With its unique manufacturing process and world-wide award-winning technology, I am convinced that Ascent's unparalleled PV module will have immense potential not only in China but in the worldwide market, especially when Ascent can achieve the appropriate economies of scale.[b] We will continue our funding commitment to help Ascent Solar achieve the economies of scale and maximize the full potential of its capabilities."