Sigma Labs Announces Full Year 2016 Financial Results

 

Sigma Labs, Inc. 
Condensed Balance Sheets 
     
  December 31, 2016  December 31, 2015 
     
ASSETS    
Current Assets:    
Cash$398,391  $1,539,809  
Accounts Receivable, net 288,236   280,222  
Inventory 187,241   20,129  
Prepaid Assets 36,056   38,687  
Total Current Assets    909,924       1,878,847   
     
Other Assets:    
Property and Equipment, net 564,933   714,754  
Intangible Assets, net 226,450   167,644  
Investment in Joint Venture 500   9,222  
Prepaid Stock Compensation   167,562   418,547  
Total Other Assets    959,445       1,310,167   
     
TOTAL ASSETS $     1,869,369    $     3,189,014   
     
LIABILITIES AND STOCKHOLDERS' EQUITY      
Current Liabilities:    
Accounts Payable 112,175   38,393  
Notes Payable, net of original issue discount $79,886 561,834   -  
Accrued Expenses 125,116   71,523  
Total Current Liabilities    799,125         109,916    
Long-Term Liabilities          
Derivative Liability     93,206       -    
Total Long-Term Liablitiy       93,206         -      
         
TOTAL LIABILITIES     892,331         109,916    
         
Stockholders' Equity          
Preferred Stock, $0.001 par; 10,000,000 shares authorized;        
None issued and outstanding   -       -    
Common Stock, $0.001 par; 15,000,000 shares authorized;        
6,267,577 and 6,239,073 issued and outstanding at        
December 31, 2016 and 2015, respectively   6,268       6,239    
Additional Paid-In Capital   10,731,724       10,636,979    
Accumulated Deficit   (9,760,954 )     (7,564,120 )  
Total Stockholders' Equity       977,038         3,079,098    
         
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   $     1,869,369     $     3,189,014    
         

Investor Relations Contact:
Chris Witty
cwitty@darrowir.com; 646-438-9385



« Previous Page 1 | 2             



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise