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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