SolarWindow Technologies Files 2024 10-K

TL;DR

SolarWindow Tech filed its 2024 10-K. Check financials for the year ending Aug 31.

AI Summary

SolarWindow Technologies, Inc. filed its 10-K for the fiscal year ending August 31, 2024. The company, formerly known as New Energy Technologies, Inc., is involved in industrial organic chemicals. Its principal executive offices are located in Scottsdale, Arizona. The filing covers the period up to November 20, 2024.

Why It Matters

This filing provides a comprehensive overview of SolarWindow Technologies' financial performance and business operations for the fiscal year 2024, crucial for investors assessing the company's current standing and future prospects.

Risk Assessment

Risk Level: medium — As a company in the industrial organic chemicals sector, SolarWindow Technologies faces risks related to market demand, competition, and regulatory changes.

Key Players & Entities

• SolarWindow Technologies, Inc. (company) — Filer of the 10-K
• August 31, 2024 (date) — Fiscal year end
• November 20, 2024 (date) — Filing date
• New Energy Technologies, Inc. (company) — Former company name
• Scottsdale, Arizona (location) — Business address

FAQ

Key Financial Figures

• $0 — 8,399 shares of common stock, par value $0.001, were outstanding. DOCUMENTS INCOR
• $273.43 billion — s that the global flat glass market was $273.43 billion in 2021 and is expected to reach $400.3
• $400.38 billion — illion in 2021 and is expected to reach $400.38 billion by 2030, growing at a revenue-based com
• $11 billion — t greenhouse market, projected to reach $11 billion by 2032 with a growth rate of 11.7% ann

Filing Documents

• f10k_112024.htm (10-K) — 1017KB
• exh_191.htm (EX-19.1) — 99KB
• exh_231.htm (EX-23.1) — 3KB
• exh_311.htm (EX-31.1) — 7KB
• exh_312.htm (EX-31.2) — 7KB
• exh_321.htm (EX-32.1) — 5KB
• 0001171843-24-006491.txt ( ) — 5011KB
• wndw-20240831.xsd (EX-101.SCH) — 34KB
• wndw-20240831_cal.xml (EX-101.CAL) — 44KB
• wndw-20240831_def.xml (EX-101.DEF) — 114KB
• wndw-20240831_lab.xml (EX-101.LAB) — 322KB
• wndw-20240831_pre.xml (EX-101.PRE) — 263KB
• f10k_112024_htm.xml (XML) — 630KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 8 Item1B. Unresolved Staff Comments 32 Item 2.

Properties

Properties 32 Item 3.

Legal Proceedings

Legal Proceedings 32 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 32 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 34 Item 7A. Qualitative and Quantitative Disclosures About Market Risk 38 Item 8.

Financial Statements

Financial Statements 38 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 38 Item 9A.

Controls and Procedures

Controls and Procedures 39 Item 9B. Other Information 39 PART III Item 10. Directors, Executive Officers, and Corporate Governance 40 Item 11.

Executive Compensation

Executive Compensation 44 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 47 Item 13. Certain Relationships and Related Transactions, and Director Independence 48 Item 14. Principal Accounting Fees and Services 49 PART IV Item 15. Exhibits, Financial Statement Schedules 51 Item 16. Form 10-K Summary 55

SIGNATURES

SIGNATURES 56 INDEX TO FINANCIAL STATEMENTS F-1 - F-17 PART I

Forward-Looking Statements

Forward-Looking Statements This Annual Report on Form 10-K contains forward-looking

forward-looking statements may include words such as "anticipate," "believe," "estimate," "intend,"

forward-looking statements may include words such as "anticipate," "believe," "estimate," "intend," "could," "should," "would," "may," "seek," "plan," "might," "will," "expect," "predict," "project," "forecast," "potential," "continue" negatives thereof or similar expressions. Forward-looking statements contained in this Report speak only as of the date of this report, are based on various underlying assumptions and current expectations about the future and are not guarantees. Such statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievement to be materially different from the results of operations or plans expressed or implied by such forward-looking Such forward-looking statements include statements regarding, among other things, (a) the potential markets for our technologies, our potential profitability, and cash flows (b) our growth strategies (c) expectations from our ongoing research and development activities (d) anticipated trends in the technology and alternative energy industries (e) our future financing plans and (f) our anticipated needs for working capital. This information may involve known and unknown risks, uncertainties, and other factors that may cause our actual results, performance, or achievements to be materially different from the future results, performance, or achievements expressed or implied by any forward-looking statements. These statements may be found at various places throughout this report including, but not limited to the discussions under Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations" and Item 1. "Business." Actual events or results may differ materially from those discussed in forward-looking statements as a result of various factors, including, without limitation, the matters described in this Form 10-K generally. In light of these risks and uncertainties, there can be no a

Business

Item 1. Business SolarWindow was incorporated in the State of Nevada on May 5, 1998, under the name "Octillion Corp." On December 2, 2008, we amended our Articles of Incorporation to effect a change of name to New Energy Technologies, Inc. Effective as of March 9, 2015, we amended our Articles of Incorporation to change our name to SolarWindow Technologies, Inc. SolarWindow is a pre-revenue company developing proprietary transparent electricity-generating coatings and methods for application to various materials which we refer to as "LiquidElectricity Coatings". Our LiquidElectricity Coatings generate electricity by harvesting light energy from natural sun, artificial light, and low, shaded, or reflected light conditions. We apply ultra-thin layers of LiquidElectricity Coatings to rigid glass, and flexible glass and plastic surfaces where they transform otherwise ordinary surfaces into organic photovoltaic devices, commonly known as solar cells, or solar modules. 1 Our LiquidElectricity is a framework which utilizes chemistry for different ultra-thin layers applied to a substrate. These layers include hole transport layers, active layers, electron transport layers, and conductive contact points for transmission of electricity. We have developed a specialty expertise in each layer of our LiquidElectricity to optimize for power, optical clarity, manufacturability, stability, and other qualities. The flexibility engineered into our LiquidElectricity framework allows us to target a variety of potential off-grid energy solutions spanning multiple industries, including architectural, automotive, agrivoltaic (agricultural greenhouse), aerospace, commercial transportation and marine. Our LiquidElectricity Coatings are under development at one of the most respected and advanced solar-photovoltaic research institutions in the world, the U.S. Department of Energy's (" DOE ") National Renewable Energy Laboratory (" NREL "), through a Cooperative Research and Development

View Full Filing

View this 10-K filing on SEC EDGAR