Clean Energy Technologies, Inc. (CETY) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2990 REDHILL AVE COSTA MESA, CA 92626 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4924 - Natural Gas Distribution (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 149 | 1,192 | 415 | 7 | 6 | 9 | |||
| Cash and cash equivalents | 149 | 1,192 | 415 | 7 | 6 | 9 | |||
| Receivables | 1,369 | 693 | 477 | ||||||
| Inventory, net of allowances, customer advances and progress billings | 501 | 462 | 558 | 630 | 712 | 855 | |||
| Inventory | 501 | 462 | 558 | 630 | 712 | 855 | |||
| Prepaid expense | 40 | ||||||||
| Deferred costs | 205 | ||||||||
| Other undisclosed current assets | 1,767 | 218 | 483 | 1,506 | 725 | ||||
| Total current assets: | 3,990 | 2,606 | 1,456 | 2,143 | 1,443 | 1,341 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 157 | 396 | 607 | 822 | ✕ | ✕ | |||
| Property, plant and equipment | 15 | 33 | 53 | 74 | 96 | 145 | |||
| Long-term investments and receivables | 1,314 | 753 | 753 | ||||||
| Long-term investments | 562 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 753 | 753 | 753 | ||||||
| Intangible assets, net (including goodwill), including: | 748 | 748 | 1,230 | 899 | 1,265 | ||||
| Goodwill | 748 | 748 | 748 | 748 | |||||
| Intangible assets, net (excluding goodwill) | 2,675 | 2,687 | 1,230 | 151 | 517 | ||||
| Other undisclosed intangible assets, net (including goodwill) | (2,675) | (2,687) | |||||||
| Other noncurrent assets | 31 | 27 | 25 | 25 | 25 | 24 | |||
| Other undisclosed noncurrent assets | 1,859 | 1,871 | (706) | 258 | |||||
| Total noncurrent assets: | 4,124 | 3,827 | 2,668 | 216 | 1,279 | 1,434 | |||
| Other undisclosed assets | 1,947 | 96 | |||||||
| TOTAL ASSETS: | 8,114 | 6,432 | 4,124 | 4,307 | 2,818 | 2,776 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 979 | 751 | 2,048 | 3,286 | 2,820 | 2,703 | |||
| Accounts payable | 860 | 607 | 1,545 | 1,464 | 1,033 | 996 | |||
| Accrued liabilities | 119 | 144 | 504 | 1,822 | 1,787 | 1,706 | |||
| Deferred revenue | 80 | 24 | 83 | ✕ | ✕ | ||||
| Debt | 4,091 | 3,881 | 4,372 | 3,336 | 2,781 | 3,803 | |||
| Derivative instruments and hedges, liabilities | 588 | 257 | 2,009 | 321 | 244 | ||||
| Due to related parties | ✕ | 178 | 626 | 600 | 1,206 | 123 | 138 | ||
| Other liabilities | 1,145 | ||||||||
| Other undisclosed current liabilities | 319 | 1,326 | 674 | 780 | 745 | ||||
| Total current liabilities: | 6,236 | 6,865 | 9,786 | 8,929 | 7,614 | 6,889 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 208 | 373 | 631 | ||||||
| Finance lease, liability | 208 | 373 | ✕ | ✕ | |||||
| Liabilities, other than long-term debt | 1,081 | 1,093 | |||||||
| Due to related parties | ✕ | 1,081 | 1,093 | ||||||
| Operating lease, liability | 631 | ✕ | ✕ | ||||||
| Other undisclosed noncurrent liabilities | 111 | ||||||||
| Total noncurrent liabilities: | 1,289 | 1,576 | 631 | ||||||
| Total liabilities: | 6,236 | 8,154 | 11,362 | 9,560 | 7,614 | 6,889 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,878 | (1,703) | (7,239) | (5,252) | (4,796) | (4,113) | |||
| Preferred stock | 450 | 650 | 750 | 750 | |||||
| Common stock | 37 | 944 | 821 | 754 | 556 | 211 | |||
| Additional paid in capital | 19,278 | 14,778 | 9,081 | 7,559 | 5,236 | 3,716 | |||
| Accumulated other comprehensive loss | (161) | ||||||||
| Accumulated deficit | (17,277) | (17,424) | (17,651) | (14,216) | (11,600) | (8,790) | |||
| Other additional capital | 61 | 262 | |||||||
| Equity, attributable to noncontrolling interest | (19) | ||||||||
| Total equity: | 1,878 | (1,722) | (7,239) | (5,252) | (4,796) | (4,113) | |||
| TOTAL LIABILITIES AND EQUITY: | 8,114 | 6,432 | 4,124 | 4,307 | 2,818 | 2,776 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,663 | 1,300 | 1,406 | 1,610 | 1,331 | 958 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 958 | |
| Cost of revenue (Cost of Goods and Services Sold) | (1,489) | (690) | (655) | (953) | (810) | (545) | ||
| Gross profit: | 1,174 | 610 | 751 | 657 | 521 | 413 | ||
| Operating expenses | (2,164) | (2,183) | (1,987) | (2,112) | (2,044) | (1,617) | ||
| Operating loss: | (990) | (1,573) | (1,236) | (1,455) | (1,524) | (1,204) | ||
| Nonoperating expense (Other undisclosed Nonoperating expense) | ||||||||
| Interest and debt expense | 2,557 | 869 | 399 | (1,318) | 863 | (1,011) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (2,149) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,567 | (704) | (836) | (2,772) | (2,810) | (2,215) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (1,401) | 983 | (2,599) | 216 | ||||
| Income (loss) from continuing operations before income taxes: | 166 | 278 | (3,436) | (2,556) | (2,810) | (2,215) | ||
| Income tax expense | (18) | |||||||
| Income (loss) from continuing operations: | 147 | 278 | (3,436) | (2,556) | (2,810) | (2,215) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 278 | (3,436) | (2,556) | (2,810) | (2,215) | |
| Other undisclosed net income | ||||||||
| Net income (loss): | 147 | 278 | (3,436) | (2,556) | (2,810) | (2,215) | ||
| Net income (loss) attributable to noncontrolling interest | 19 | |||||||
| Net income (loss) attributable to parent: | 147 | 298 | (3,436) | (2,556) | (2,810) | (2,215) | ||
| Other undisclosed net income available to common stockholders, basic | ||||||||
| Net income (loss) available to common stockholders, diluted: | 147 | 298 | (3,436) | (2,556) | (2,810) | (2,215) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 147 | 278 | (3,436) | (2,556) | (2,810) | (2,215) | ||
| Other comprehensive income | 161 | |||||||
| Other undisclosed comprehensive loss | (321) | |||||||
| Comprehensive income (loss): | (13) | 278 | (3,436) | (2,556) | (2,810) | (2,215) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 19 | |||||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (13) | 298 | (3,436) | (2,556) | (2,810) | (2,215) | ||
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.