C-Bond Systems, Inc (CBNT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
6035 SOUTH LOOP EAST HOUSTON, TX 77033 |
| State of Incorp. | CO |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6799 - Investors, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 736 | 97 | 520 | 323 | 77 | 129 | |||
| Cash and cash equivalent | 736 | 97 | 520 | 323 | 77 | 129 | |||
| Receivables | 424 | ||||||||
| Inventory, net of allowances, customer advances and progress billings | 182 | 77 | 83 | 77 | 15 | 9 | |||
| Inventory | 182 | 77 | 83 | 77 | 15 | 9 | |||
| Prepaid expense | 119 | 104 | |||||||
| Contract with customer, asset, after allowance for credit loss | |||||||||
| Capitalized contract cost | 2 | 0 | 83 | ||||||
| Deferred costs | (73) | (22) | |||||||
| Other undisclosed current assets | 29 | 294 | 247 | 136 | 171 | 123 | |||
| Total current assets: | 1,373 | 515 | 1,014 | 537 | 263 | 260 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 158 | 375 | 251 | 22 | 70 | ✕ | |||
| Property, plant and equipment | 172 | 96 | 135 | 19 | 33 | 57 | |||
| Intangible assets, net (including goodwill) | 580 | 630 | 681 | ||||||
| Goodwill | 350 | 350 | 350 | ||||||
| Intangible assets, net (excluding goodwill) | 229 | 280 | 330 | ||||||
| Deposits noncurrent assets | 6 | 6 | 7 | 7 | 9 | ||||
| Total noncurrent assets: | 910 | 1,109 | 1,074 | 48 | 110 | 66 | |||
| TOTAL ASSETS: | 2,283 | 1,624 | 2,088 | 584 | 372 | 326 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,185 | 1,516 | 1,960 | 1,407 | 1,225 | 742 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 692 | 426 | 352 | 188 | ||
| Accounts payable | 710 | 780 | 832 | 795 | 747 | 507 | |||
| Accrued liabilities | 475 | 736 | 437 | 187 | 127 | 46 | |||
| Deferred revenue | 501 | ✕ | |||||||
| Debt | 262 | 279 | 545 | 543 | 95 | ||||
| Due to related parties | ✕ | ✕ | 250 | 95 | |||||
| Other undisclosed current liabilities | 778 | 2,820 | 76 | 1,379 | 400 | ||||
| Total current liabilities: | 2,725 | 4,865 | 2,676 | 1,951 | 2,699 | 1,142 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 918 | 718 | 746 | 35 | 182 | ||||
| Long-term debt, excluding current maturities | 918 | 459 | 539 | 35 | 160 | ||||
| Finance lease, liability | 259 | 206 | ✕ | ||||||
| Liabilities, other than long-term debt | 97 | ||||||||
| Operating lease, liability | 97 | 22 | ✕ | ||||||
| Other undisclosed noncurrent liabilities | 42 | 251 | |||||||
| Total noncurrent liabilities: | 1,057 | 969 | 746 | 35 | 182 | ||||
| Total liabilities: | 3,783 | 5,834 | 3,421 | 1,986 | 2,881 | 1,142 | |||
| Temporary equity, including noncontrolling interest | 1,037 | 739 | 429 | 108 | |||||
| Equity | |||||||||
| Equity, attributable to parent | (4,466) | (7,201) | (4,168) | (3,167) | (2,617) | (815) | |||
| Common stock | 533 | 350 | 282 | 228 | 117 | 80 | |||
| Additional paid in capital | 55,852 | 55,142 | 53,065 | 42,573 | 37,266 | 31,864 | |||
| Accumulated deficit | (60,852) | (62,693) | (57,515) | (45,969) | (40,000) | (32,759) | |||
| Equity, attributable to noncontrolling interest | 142 | 151 | 189 | ||||||
| Other undisclosed equity | 1,336 | ||||||||
| Total equity: | (4,325) | (7,051) | (3,979) | (1,831) | (2,617) | (815) | |||
| Other undisclosed liabilities and equity | 2,825 | 1,804 | 1,907 | ||||||
| TOTAL LIABILITIES AND EQUITY: | 2,283 | 1,624 | 2,088 | 584 | 372 | 326 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,488 | 2,233 | 1,477 | 556 | 603 | 382 | ||
| Cost of revenue | (1,181) | (954) | (657) | (243) | (122) | (83) | ||
| Gross profit: | 1,308 | 1,278 | 820 | 313 | 481 | 299 | ||
| Operating expenses | (3,304) | (4,471) | (7,830) | (4,790) | (6,839) | (9,567) | ||
| Other undisclosed operating income | 4,052 | |||||||
| Operating income (loss): | 2,055 | (3,192) | (7,010) | (4,477) | (6,359) | (9,268) | ||
| Nonoperating income (expense) | (169) | (119) | 43 | (882) | (637) | |||
| Investment income, nonoperating | ||||||||
| Other nonoperating income (expense) | (169) | 68 | 7 | |||||
| Interest and debt expense | (475) | (1,954) | (187) | 127 | 31 | (383) | ||
| Income (loss) from continuing operations before income taxes: | 1,411 | (5,146) | (7,315) | (4,308) | (7,210) | (10,288) | ||
| Income tax expense (benefit) | 1,497 | (111) | (274) | |||||
| Income (loss) from continuing operations: | 1,411 | (5,146) | (5,818) | (4,418) | (7,483) | (10,288) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (5,818) | (4,418) | (7,483) | (10,288) | |
| Other undisclosed net income (loss) | 475 | (10) | (1,311) | (16) | 243 | |||
| Net income (loss): | 1,887 | (5,156) | (7,129) | (4,434) | (7,241) | (10,288) | ||
| Net income (loss) attributable to noncontrolling interest | 9 | 39 | (16) | |||||
| Other undisclosed net income (loss) attributable to parent | (9) | 16 | 383 | |||||
| Net income (loss) attributable to parent: | 1,887 | (5,118) | (7,129) | (4,434) | (7,241) | (9,905) | ||
| Preferred stock dividends and other adjustments | (54) | (60) | (4,402) | (1,534) | ||||
| Other undisclosed net income (loss) available to common stockholders, basic | 9 | (16) | ||||||
| Net income (loss) available to common stockholders, basic: | 1,841 | (5,178) | (11,546) | (5,969) | (7,241) | (9,905) | ||
| Interest on convertible debt | 187 | |||||||
| Convertible preferred dividends | 54 | |||||||
| Other undisclosed net income available to common stockholders, diluted | ||||||||
| Net income (loss) available to common stockholders, diluted: | 2,082 | (5,178) | (11,546) | (5,969) | (7,241) | (9,905) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,887 | (5,156) | (7,129) | (4,434) | (7,241) | (10,288) | ||
| Comprehensive income (loss): | 1,887 | (5,156) | (7,129) | (4,434) | (7,241) | (10,288) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 9 | 39 | (16) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,896 | (5,118) | (7,144) | (4,434) | (7,241) | (10,288) | ||
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.