ABCO Energy, Inc. (ABCE) Financial Statements (2024 and earlier)

Company Profile

Business Address 2505 N. ALVERNON WAY
TUCSON, AZ 85712
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 17 - Construction Special Trade Contractors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31541368513
Cash and cash equivalents31541368513
Receivables3443301054743
Inventory, net of allowances, customer advances and progress billings    543847
Inventory    543847
Costs in excess of billings 60
Other current assets   90   
Other undisclosed current assets298319244184 152
Total current assets:36341637641190315
Noncurrent Assets
Property, plant and equipment379394355372230
Other noncurrent assets449   
Other undisclosed noncurrent assets    (23)(8)(16)
Total noncurrent assets:383398364131414
Other undisclosed assets    372230
TOTAL ASSETS:746814741461126358
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:522527584550  
Other undisclosed accounts payable and accrued liabilities522527584550  
Debt197375455896155
Derivative instruments and hedges, liabilities   75  
Due to related parties 533408341170  
Other liabilities234154473190  
Other undisclosed current liabilities      
Total current liabilities:1,4861,4641,85299196155
Noncurrent Liabilities
Long-term debt and lease obligation496472300191,2301,248
Long-term debt, excluding current maturities496472300191,2301,248
Total noncurrent liabilities:496472300191,2301,248
Other undisclosed liabilities 26846382189(96)(155)
Total liabilities:2,2502,3982,2341,1991,2301,248
Equity
Equity, attributable to parent, including:(1,504)(1,584)(1,494)(738)(1,104)(889)
Preferred stock133030 15 
Common stock255161513212527
Additional paid in capital5,9835,4564,8874,3803,0403,024
Accumulated deficit(7,755)(7,086)(6,562)(5,180)(4,540)(3,940)
Other undisclosed equity, attributable to parent    31256 
Total equity:(1,504)(1,584)(1,494)(738)(1,104)(889)
TOTAL LIABILITIES AND EQUITY:746814741461126358

Income Statement (P&L) ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,3721,1612,3522,8671,447807
Cost of revenue(949)(785)(1,701)(2,040)(1,152)(865)
Gross profit:424376651827295(58)
Operating expenses(1,093)(847)(1,113)(1,017)(834)(746)
Operating loss:(670)(470)(463)(190)(539)(804)
Nonoperating income (expense)2(54)(918)(451)(61)(1,119)
Investment income, nonoperating(13)(14)(48)   
Interest and debt expense(34)(38)(245)(371)(110)(425)
Other undisclosed income from continuing operations before equity method investments, income taxes 3438245371110425
Loss from continuing operations before equity method investments, income taxes:(668)(525)(1,381)(640)(600)(1,923)
Other undisclosed income from continuing operations before income taxes      
Loss from continuing operations before income taxes:(668)(525)(1,381)(640)(600)(1,923)
Income tax expense(1,062)     
Loss from continuing operations:(1,730)(525)(1,381)(640)(600)(1,923)
Loss before gain (loss) on sale of properties:(1,730)(525)(1,381)(640)(600)(1,923)
Net loss:(1,730)(525)(1,381)(640)(600)(1,923)
Other undisclosed net income attributable to parent1,062     
Net loss available to common stockholders, diluted:(668)(525)(1,381)(640)(600)(1,923)

Comprehensive Income ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(1,730)(525)(1,381)(640)(600)(1,923)
Comprehensive loss, net of tax, attributable to parent:(1,730)(525)(1,381)(640)(600)(1,923)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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