U.S. Markets closed

Ascent Solar Technologies, Inc. (ASTI)


Other OTC - Other OTC Delayed Price. Currency in USD
Add to watchlist
0.00060.00 (0.00%)
At close: 3:59PM EDT
People also watch
DSTIJASOTSLCSIQYGE
  • Encouraging. .. i m o .... See/Note: Today's Wall Street Journal has an ENTIRE section on Solar/Alternative Energy/ies. .. Thank You!
  • Buy and hold. $.0016 next leg
  • I love "good" news that says they lost less money
  • only 20 Million in Liabilities.......... hahahahhahahhahahhahah

    ASCENT SOLAR TECHNOLOGIES, INC.
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (Unaudited)

    March 31,
    2017

    December 31,
    2016
    ASSETS

    Current Assets:

    Cash and cash equivalents

    $
    47,977

    $
    130,946

    Trade receivables, net of allowance for doubtful accounts of $246,116 and $60,347, respectively

    15,299

    549,204

    Inventories

    1,306,143

    2,569,816

    Prepaid expenses and other current assets

    553,320

    983,796

    Total current assets

    1,922,739

    4,233,762

    Property, Plant and Equipment

    36,639,460

    36,639,460

    Less accumulated depreciation and amortization

    (31,318,072
    )

    (30,983,448
    )

    5,321,388

    5,656,012

    Other Assets:

    Patents, net of accumulated amortization of $302,864 and $169,626, respectively

    1,554,626

    1,647,505

    Other non-current assets

    72,626

    77,562

    1,627,252

    1,725,067

    Total Assets

    $
    8,871,379

    $
    11,614,841

    LIABILITIES AND STOCKHOLDERS’ DEFICIT

    Current Liabilities:

    Accounts payable

    $
    2,297,000

    $
    4,902,471

    Related party payables

    223,086

    214,903

    Accrued expenses

    1,874,737

    1,469,684

    Current portion of long-term debt

    326,855

    243,113

    Notes Payable

    1,172,026



    Promissory Notes, net of discount of $15,000 and $0, respectively

    3,785,000

    1,430,000

    Current portion of litigation settlement

    196,215

    339,481

    Series E preferred stock, net of discount of $55,685 and $63,640, respectively

    49,315

    56,360

    Series F preferred stock

    160,001

    160,001

    Series G preferred stock, net of discount of $464,766 and $699,674, respectively

    271,234

    408,326

    July 2016 convertible notes, net of discount of $817,203 and $1,634,357, respectively

    961,632

    1,159,610

    Series I exchange notes, net of discount of $130,840 and $199,474, respectively

    25,231

    26,597

    Series J preferred stock, net of discount of $440,640 and $0, respectively

    684,360

    1,350,000

    Series K preferred stock

    150,000



    October 2016 convertible notes, net of discount of $198,000 and $264,000 respectively

    132,000

    66,000

    Tertius Financial Group promissory notes, net of discount of $0 and $59,658, respectively



    542,808

    Short term embedded derivative liabilities

    4,027,659

    6,578,154

    Make-whole dividend liability

    246,649

    500,176

    Total current liabilities

    16,583,000

    19,447,684

    Long-Term Debt

    5,378,077

    5,281,776

    Accrued Warranty Liability

    168,968

    176,457

    Commitments and Contingencies (Notes 4 & 23)

    Mezzanine Equity:

    Series J-1 preferred stock: 700 shares authorized; 700 and issued and outstanding as of March 31, 2017 and December 31, 2016

    700,000

    700,000

    Stockholders’ Deficit:

    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)

    6

    13

    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

    256,197

    55,422

    Additional paid in capital

    375,296,240

    369,886,065

    Accumulated deficit

    (389,511,109
    )

    (383,932,576
    )
    Total stockholders’ deficit

    (13,958,666
    )

    (13,991,076
    )
    Total Liabilities, Mezzanine Equity and Stockholders’ Deficit

    $
    8,871,379

    $
    11,614,841
  • 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.
  • "Boone Group also specializes in the procurement, planning, installation and ongoing maintenance of on-grid solar farm projects in China." https://www.photon.info/en/news/ascent-solar-gets-20-million-funding-asian-boone-group

  • What exactly does this company sell besides outdoor cellphone charges? Seriously, what is their big business plan "economies of scale"?
  • https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131350796

    Ascent Solar Technologies ASTI Post # 28992
    Ascent Solar Technologies ASTI Stock Message Board: This is no closer to going under than
    investorshub.advfn.com
  • https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131347987

    Ascent Solar Technologies ASTI Post # 28978
    Ascent Solar Technologies ASTI Stock Message Board: [b]Absolutely.[/b] That [b]HUGE[/b] 31 Million share buy after
    investorshub.advfn.com
  • 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
    Imagemoodboardmix
  • 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......

    BANKRUPT
  • Another Stupid Technology Company
    ASTI.......
  • Imagemeganfoxfox
  • Imagegif-007
  • 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."