Sigma Labs Announces Full Year 2018 Financial Results

About Sigma Labs

Sigma Labs, Inc. is a provider of quality assurance software under the PrintRite3D® brand and a developer of advanced, in-process, non-destructive quality assurance software for commercial firms worldwide seeking productive solutions for advanced manufacturing. For more information please visit us at www.sigmalabsinc.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project,” “prospects,” “outlook,” and similar words or expressions, or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could” are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company’s forward-looking statements, please see the Company’s Annual Report on Form 10-K (including but not limited to the discussion under “Risk Factors” therein) filed with the SEC on April 17, 2018 and which may be viewed at http://www.sec.gov.

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

 
Sigma Labs, Inc.
Condensed Balance Sheets  
(Unaudited)
      
   December 31, 2018  December 31, 2017 
      
ASSETS
  Current Assets:    
 Cash$1,279,782  $1,515,674  
 Accounts Receivable, net 38,800   104,538  
 Note Receivable, net 121,913   788,500  
 Inventory 240,086   192,705  
 Prepaid Expenses 67,255   55,278  
  Total Current Assets    1,747,836       2,656,695   
      
  Other Assets:    
 Property and Equipment, net 277,944   411,643  
 Intangible Assets, net 404,978   294,396  
 Investment in Joint Venture 500   500  
 Prepaid Stock Compensation -   31,576  
  Total Other Assets    683,422       738,115    
TOTAL ASSETS $     2,431,258     $     3,394,810    
           
LIABILITIES AND STOCKHOLDERS' EQUITY  
  Current Liabilities:        
  Accounts Payable $ 217,488     $ 100,884    
  Dividends Payable - Preferred   -       -    
  Notes Payable   50,000       100,000    
  Deferred Revenue   51,498       35,680    
  Accrued Expenses   376,833       146,330    
  Total Current Liabilities     695,819         382,894    
TOTAL LIABILITIES     695,819         382,894    
           
  Stockholders' Equity          
  Preferred Stock, $0.001 par; 10,000,000 shares authorized;      
  0 shares issued and outstanding   -       -    
  Common Stock, $0.001 par; 22,500,000 shares authorized;      
  8,776,629, and 4,978,929 issued and outstanding, respectively   8,777       4,979    
  Additional Paid-In Capital   21,501,407       17,192,394    
  Accumulated Deficit   (19,774,745 )     (14,185,457 )  
TOTAL STOCKHOLDERS' EQUITY     1,735,439         3,011,916    
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   $     2,431,258     $     3,394,810    
           

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