Sigma Labs Announces Third Quarter Financial Results

 

Sigma Labs, Inc. 
Unaudited Condensed Balance Sheets 
    
    
  September 30, 2016 December 31, 2015 
    
ASSETS   
  Current Assets   
  Cash$  137,702 $  1,539,809  
  Accounts Receivable, net   119,599    280,222  
  Inventory   84,659    20,129  
  Prepaid Assets   34,097    38,687  
  Total Current Assets    376,057      1,878,847   
    
    
  Other Assets   
  Property and Equipment, net   609,782    714,754  
  Intangible Assets, net   222,674    167,644  
  Investment in Joint Venture   500    9,222  
  Prepaid Stock Compensation     208,848    418,547  
  Total Other Assets    1,041,804      1,310,167   
    
TOTAL ASSETS $     1,417,861   $     3,189,014   
    
LIABILITIES AND STOCKHOLDERS' EQUITY     
  Current Liabilities   
  Accounts Payable$  143,217 $  38,393  
  Accrued Expenses   96,322    71,523  
  Total Current Liabilities    239,539      109,916   
    
TOTAL LIABILITIES     239,539       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      
  September 30, 2016 and 2015, respectively     6,268       6,239    
  Additional Paid-In Capital     10,668,007       10,636,979    
  Accumulated Deficit     (9,495,953 )     (7,564,120 )  
  Total Stockholders' Equity       1,178,322       3,079,098    
       
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   $     1,417,861   $     3,189,014    
       

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



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