Sigma Labs Reports Second Quarter 2018 Financial Results

Investor Relations Contact:
Bret Shapiro
Managing Director
CORE IR
561-479-8566
brets@coreir.com

Sigma Labs, Inc.
Condensed Balance Sheets
(Unaudited)

      
  June 30, 2018     December 31, 2017  
      
ASSETS       
Current Assets:       
Cash$3,519,637  $1,515,674 
Accounts Receivable, net 63,510   104,538 
Note Receivable, net 118,164   788,500 
Inventory 145,605   192,705 
Prepaid Assets 64,891   55,278 
Total Current Assets   3,911,807       2,656,695  
        
Other Assets:       
Property and Equipment, net 358,686   411,643 
Intangible Assets, net 317,161   294,396 
Investment in Joint Venture 500   500 
Prepaid Stock Compensation 130,965   31,576 
Total Other Assets   807,312       738,115  
        
TOTAL ASSETS $ 4,719,119     $ 3,394,810  
        
LIABILITIES AND STOCKHOLDERS’ EQUITY       
        
Current Liabilities:       
Accounts Payable$288,379  $100,884 
Dividends Payable 15,125   - 
Notes Payable 50,000   100,000 
Deferred Revenue 69,706   35,680 
Accrued Expenses 168,095   146,330 
Total Current Liabilities   591,305       382,894  
               
               
TOTAL LIABILITIES   591,305       382,894  
               
Commitments & Contingencies              
               
Stockholders’ Equity              
Preferred Stock, $0.001 par; 10,000,000 shares authorized; 350 and 0 shares issued and outstanding, respectively   -       -  
Common Stock, $0.001 par; 15,000,000 shares authorized; 8,248,729 and 4,978,929 issued and outstanding, respectively   8,249       4,979  
Additional Paid-In Capital   20,879,827       17,192,394  
Accumulated Deficit   (16,760,262 )     (14,185,457 )
Total Stockholders’ Equity   4,127,814       3,011,916  
               
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 4,719,119     $ 3,394,810  
               

Sigma Labs, Inc.

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