Applied Energetics, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Applied Energetics, Inc. has filed its annual report detailing its 2023 fiscal year performance and corporate information.</b>

AI Summary

APPLIED ENERGETICS, INC. (AERGP) filed a Annual Report (10-K) with the SEC on March 26, 2024. Filed Form 10-K for the fiscal year ended December 31, 2023. Common stock trades under the symbol AERG on the OTCQB exchange. Company was formerly known as IONATRON, INC., US HOME & GARDEN INC, and NATURAL EARTH TECHNOLOGIES INC. Principal executive offices located in Tucson, Arizona. Not a well-known seasoned issuer, accelerated filer, or large accelerated filer.

Why It Matters

For investors and stakeholders tracking APPLIED ENERGETICS, INC., this filing contains several important signals. This filing provides a comprehensive overview of the company's financial health, business operations, and risk factors for the past fiscal year, crucial for investors to assess performance and future outlook. As a smaller reporting company, this 10-K offers insights into a company operating outside the major exchanges, potentially indicating niche markets or early-stage development.

Risk Assessment

Risk Level: low — APPLIED ENERGETICS, INC. shows low risk based on this filing. The company is a smaller reporting company and not listed on major exchanges, suggesting a potentially less liquid stock and less analyst coverage.

Analyst Insight

Investors should review the full 10-K filing for detailed financial statements, management discussion, and risk factors to understand Applied Energetics' current standing and future prospects.

Key Numbers

• 20231231 — Fiscal Year End (Conformed Period of Report)
• 20240326 — Filing Date (Filed As Of Date)
• 001-14015 — SEC File Number (Commission File Number)
• 77-0262908 — IRS Employer Identification Number (IRS Employer Identification Number)
• 520-628-7415 — Business Phone (Registrant's telephone number)

Key Players & Entities

• APPLIED ENERGETICS, INC. (company) — Registrant
• AERG (company) — Trading Symbol
• OTCQB (company) — Name of Each Exchange on Which Registered
• IONATRON, INC. (company) — Former Company Name
• US HOME & GARDEN INC (company) — Former Company Name
• NATURAL EARTH TECHNOLOGIES INC (company) — Former Company Name
• TUCSON (company) — City of Principal Executive Offices
• ARIZONA (company) — State of Principal Executive Offices

FAQ

Industry Context

The company operates in the Search, Detection, Navigation, Guidance, and Aeronautical Systems industry (SIC 3812).

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose material information.

What Investors Should Do

1. Review the full 10-K for detailed financial statements and management's discussion and analysis.
2. Analyze the risk factors section to understand potential challenges and uncertainties.
3. Compare current year performance with previous periods if historical data is available in the filing.

Year-Over-Year Comparison

This is the initial 10-K filing reviewed for the fiscal year ended December 31, 2023. No prior period comparison data is available within this specific document excerpt.

Key Financial Figures

• $1,217,535 — 22 grant and carries a ceiling value of $1,217,535 under a base period of performance thro
• $200,000 — ed to pay Dr. Harrison a cash salary of $200,000 per year. 2 Dr. Harrison is an experi
• $1.99 million — rch with an aggregate contract price of $1.99 million payable over two years as the company p
• $1.148 million — Army at an aggregate contract price of $1.148 million payable over two years as the company p
• $3.89 m — arch (ONR) awarded Applied Energetics a $3.89 million, two-year grant, to develop an op
• $500 million — THETA Tech Hub as part of the historic $500 million investment in economic competitiveness
• $70 million — makes the THETA consortium eligible for $70 million or more in federal funding to accelerat
• $1.695 billion — roximately $500 million in 2017 to over $1.695 billion in 2023, an increase of nearly 240%. Ma
• $17.8 billion — d energy sector is anticipated to reach $17.8 billion globally by 2028. We continue to be opt
• $1.7 B — especially since this growth to nearly $1.7 B annually is being accomplished without

Filing Documents

• ea0201691-10k_applied.htm (10-K) — 927KB
• ea020169101ex19_applied.htm (EX-19) — 61KB
• ea020169101ex23-1_applied.htm (EX-23.1) — 3KB
• ea020169101ex31-1_applied.htm (EX-31.1) — 10KB
• ea020169101ex31-2_applied.htm (EX-31.2) — 10KB
• ea020169101ex32-1_applied.htm (EX-32.1) — 5KB
• ea020169101ex32-2_applied.htm (EX-32.2) — 5KB
• 0001213900-24-026107.txt (&nbsp;) — 5203KB
• aerg-20231231.xsd (EX-101.SCH) — 54KB
• aerg-20231231_cal.xml (EX-101.CAL) — 38KB
• aerg-20231231_def.xml (EX-101.DEF) — 260KB
• aerg-20231231_lab.xml (EX-101.LAB) — 490KB
• aerg-20231231_pre.xml (EX-101.PRE) — 262KB
• ea0201691-10k_applied_htm.xml (XML) — 442KB

Business

Business 1 Item 1A. Risk Factors 8 Item 1B. Unresolved Staff Comments 15 Item 1C. Cybersecurity 15 Item 2.

Properties

Properties 15 Item 3. Legal Proceedings 16 Item 4. Mine Safety Disclosure 16 PART II. Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 17 Item 6. [Reserved] 17 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 17 Item 7A. Quantitative and Qualitative Disclosures About Market Risk 24 Item 8. Financial 25 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures 25 Item 9A. Controls and Procedures 25 Item 9B. Other Information 26 Item 9C. Disclosure regarding Foreign Jurisdictions that Prevent Inspections. 26 PART III. Item 10. Directors, Executive Officers, and Corporate Governance 27 Item 11. Executive Compensation 31 Item 12. Security 35 Item 13. Certain Related Party Transactions and Director Independence 37 Item 14. Principal Accountant Fees and Services 37 PART IV. Item 15. Exhibits and Financial Statement Schedules 38 Signatures: 40 i PART I

BUSINESS

ITEM 1. BUSINESS Cautionary Note Concerning Forward-Looking Certain Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include all statements that do not relate solely to historical or current facts and can be identified by the use of forward-looking words such as "may," "believe," "will," "expect," "project," "anticipate," "estimates," "plans," "strategy," "target," "prospects" or "continue," and words of similar meaning. These forward-looking statements are based on the current plans and expectations of our management and are subject to a number of uncertainties and risks that could significantly affect our current plans and expectations, as well as future results of operations and financial condition and may cause our actual results, performances or achievements to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. This Form 10-K contains important information as to risk factors under Item 1A. Although we believe that the expectations reflected in such forward-looking statements are reasonable, such expectations may prove incorrect over time. We do not assume any obligation to update these forward-looking statements to reflect actual results, changes in assumptions, or changes in other factors affecting such forward-looking statements. Available Information Applied Energetics, Inc. ("company," "Applied Energetics," "AE," "we," "our" or "us") makes available free of charge on its website at www.appliedenergetics.com its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, as soon as reasonably practical after electronically filing or

View Full Filing

View this 10-K filing on SEC EDGAR