CEA Industries Inc. (CEAD) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1780 55TH STREET, SUITE C BOULDER, CO 80301 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 07 - Agricultural Services (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 | 12,508 | 18,637 | 2,160 | 2,285 | 922 | 253 | |||
| Cash and cash equivalents | 12,508 | 18,637 | 2,160 | 2,285 | 922 | 253 | |||
| Receivables | 19 | 3 | 179 | 33 | 138 | 210 | |||
| Inventory, net of allowances, customer advances and progress billings | 296 | 348 | 378 | 327 | 1,231 | 936 | |||
| Inventory | 296 | 348 | 378 | 327 | 1,231 | 936 | |||
| Prepaid expense | 128 | ||||||||
| Contract with customer, asset, after allowance for credit loss | 224 | ||||||||
| Other current assets | 1 | ||||||||
| Other undisclosed current assets | 313 | 1,490 | 1,274 | 1,038 | 269 | ||||
| Total current assets: | 13,361 | 20,478 | 3,991 | 3,683 | 2,561 | 1,528 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 356 | 463 | 566 | 344 | 534 | ✕ | |||
| Property, plant and equipment | 39 | 69 | 77 | 148 | 258 | 520 | |||
| Intangible assets, net (including goodwill), including: | 2 | 2 | 633 | 638 | 643 | 23 | |||
| Goodwill | 631 | 631 | 631 | 631 | |||||
| Intangible assets, net (excluding goodwill) | 2 | 2 | 2 | 7 | 12 | 23 | |||
| Other undisclosed intangible assets, net (including goodwill) | (631) | ||||||||
| Deposits noncurrent assets | 15 | 15 | 15 | 51 | 51 | ||||
| Other undisclosed noncurrent assets | 631 | ||||||||
| Total noncurrent assets: | 411 | 548 | 1,291 | 1,130 | 1,486 | 1,225 | |||
| TOTAL ASSETS: | 13,772 | 21,026 | 5,282 | 4,813 | 4,047 | 2,753 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 625 | 1,207 | 1,346 | 1,785 | 1,833 | 1,809 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 323 | 288 | 169 | 128 | ||
| Accounts payable | 183 | 311 | 616 | 919 | 1,299 | 1,279 | |||
| Accrued liabilities | 32 | 896 | 407 | 578 | 365 | 403 | |||
| Other undisclosed accounts payable and accrued liabilities | 409 | (0) | |||||||
| Deferred revenue | 500 | 4,339 | 2,840 | 3,724 | 1,444 | ✕ | |||
| Debt | 218 | ||||||||
| Deferred compensation liability | 90 | 84 | 128 | 503 | |||||
| Other liabilities | 37 | ||||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 642 | ||
| Other undisclosed current liabilities | 127 | 118 | 100 | 266 | |||||
| Total current liabilities: | 1,251 | 5,754 | 4,406 | 5,904 | 3,999 | 2,451 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 486 | 169 | 404 | ||||||
| Liabilities, other than long-term debt | 260 | 377 | 108 | ||||||
| Deferred rent credit | 108 | ||||||||
| Operating lease, liability | 260 | 377 | 486 | 169 | 404 | ✕ | |||
| Other undisclosed noncurrent liabilities | (486) | (95) | |||||||
| Total noncurrent liabilities: | 260 | 377 | 486 | 243 | 404 | 108 | |||
| Total liabilities: | 1,511 | 6,131 | 4,892 | 6,147 | 4,403 | 2,559 | |||
| Temporary equity, carrying amount | 3,960 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent | 12,261 | 14,895 | (3,571) | (1,334) | (356) | 194 | |||
| Preferred stock | 0 | 0 | 0 | ||||||
| Common stock | 0 | 0 | 0 | 2 | 2 | 2 | |||
| Additional paid in capital | 49,451 | 49,174 | 25,211 | 26,107 | 25,327 | 24,538 | |||
| Accumulated deficit | (37,190) | (34,279) | (28,782) | (27,444) | (25,685) | (24,346) | |||
| Total equity: | 12,261 | 14,895 | (3,571) | (1,334) | (356) | 194 | |||
| TOTAL LIABILITIES AND EQUITY: | 13,772 | 21,026 | 5,282 | 4,813 | 4,047 | 2,753 | |||
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 | 6,911 | 11,283 | 13,639 | 8,514 | 15,224 | 9,582 | ||
| Cost of revenue | (6,369) | (10,138) | (10,713) | (6,961) | (10,676) | (7,132) | ||
| Gross profit: | 542 | 1,145 | 2,926 | 1,553 | 4,549 | 2,450 | ||
| Operating expenses | (3,495) | (6,869) | (4,905) | (3,916) | (5,859) | (7,270) | ||
| Operating loss: | (2,953) | (5,724) | (1,979) | (2,363) | (1,311) | (4,820) | ||
| Nonoperating income (expense) | 42 | 227 | 641 | 604 | (28) | 77 | ||
| Other nonoperating income (expense) | 8 | 191 | 628 | 621 | (28) | 58 | ||
| Interest and debt expense | (3) | (17) | (3) | |||||
| Loss from continuing operations before equity method investments, income taxes: | (2,912) | (5,497) | (1,341) | (1,776) | (1,339) | (4,747) | ||
| Other undisclosed income from continuing operations before income taxes | 3 | 17 | 3 | |||||
| Loss from continuing operations: | (2,912) | (5,497) | (1,338) | (1,759) | (1,339) | (4,744) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (1,338) | (1,759) | (1,339) | (4,744) | |
| Net loss attributable to parent: | (2,912) | (5,497) | (1,338) | (1,759) | (1,339) | (4,744) | ||
| Preferred stock dividends and other adjustments | (2,263) | |||||||
| Other undisclosed net loss available to common stockholders, basic | (476) | (88) | ||||||
| Net loss available to common stockholders, diluted: | (2,912) | (5,973) | (3,689) | (1,759) | (1,339) | (4,744) | ||
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 loss: | (2,912) | (5,497) | (1,338) | (1,759) | (1,339) | (4,744) | ||
| Comprehensive loss, net of tax, attributable to parent: | (2,912) | (5,497) | (1,338) | (1,759) | (1,339) | (4,744) | ||
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.