Sigma Labs Reports Second Quarter 2019 Financial Results

Investor Contact:
Chris Tyson
Managing Director
MZ Group - MZ North America
949-491-8235
SGLB@mzgroup.us
www.mzgroup.us

Sigma Labs, Inc.
Condensed Balance Sheets
(Unaudited)

  June 30, 2019     December 31, 2018  
         
ASSETS       
Current Assets:       
Cash$696,390  $1,279,782 
Accounts Receivable, net 37,982   38,800 
Note Receivable, net 79,875   121,913 
Inventory 570,426   240,086 
Prepaid Assets 68,718   67,255 
Total Current Assets   1,453,391       1,747,836  
        
Other Assets:       
Property and Equipment, net 205,538   277,944 
Intangible Assets, net 510,718   404,978 
Investment in Joint Venture 500   500 
Total Other Assets   716,756       683,422  
               
TOTAL ASSETS $ 2,170,147     $ 2,431,258  
               
LIABILITIES AND STOCKHOLDERS’ EQUITY              
               
Current Liabilities:              
Accounts Payable $ 368,055     $ 217,488  
Notes Payable   50,000       50,000  
Deferred Revenue   78,773       51,498  
Accrued Expenses   271,154       376,833  
Total Current Liabilities   767,982       695,819  
               
TOTAL LIABILITIES   767,982       695,819  
               
Commitments & Contingencies              
               
Stockholders’ Equity              
Preferred Stock, $0.001 par; 10,000,000 shares authorized; None issued and outstanding, respectively   -       -  
Common Stock, $0.001 par; 22,500,000 shares authorized; 10,937,590, and 8,776,629 issued and outstanding, respectively   10,938       8,777  
Additional Paid-In Capital   24,243,575       21,501,407  
Accumulated Deficit   (22,852,348 )     (19,774,745 )
Total Stockholders’ Equity   1,402,165       1,735,439  
               
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,170,147     $ 2,431,258  
               

Sigma Labs, Inc.

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