ClearSign Technologies Corporation (CLIR) Financial Statements (2025 and earlier)

Company Profile

Business Address 8023 E. 63RD PLACE, SUITE 101
TULSA, OK 74133
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3823 - Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products (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 investments5,6849,0577,6078,8248,55215,872
Cash and cash equivalents5,6846,4517,6078,8248,5528,949
Short-term investments  2,606   6,923
Receivables2877933   
Prepaid expense   345   
Contract with customer, asset, after allowance for credit loss1882039923939
Other undisclosed current assets350577 466391500
Total current assets:6,5099,7338,0249,3828,98216,411
Noncurrent Assets
Property, plant and equipment275384530 665457
Intangible assets, net (including goodwill)8367987991,3021,2851,759
Intangible assets, net (excluding goodwill)8367987991,3021,2851,759
Other noncurrent assets  1010101010
Other undisclosed noncurrent assets    427  
Total noncurrent assets:1,1111,1921,3391,7391,9602,226
TOTAL ASSETS:7,62010,9259,36311,12110,94218,637
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,0697674428171,0711,421
Accounts payable3662962244358451,080
Accrued liabilities703471218382226341
Deferred revenue1,116247849450
Other undisclosed current liabilities71133205169177216
Total current liabilities:2,2561,1477311,0801,2981,637
Noncurrent Liabilities
Long-term debt and lease obligation   35050041891
Long-term debt, excluding current maturities    251  
Capital lease obligations91
Liabilities, other than long-term debt172226    
Operating lease, liability172226350249418
Other undisclosed noncurrent liabilities   (350)(249)  
Total noncurrent liabilities:17222635050041891
Total liabilities:2,4281,3731,0811,5801,7161,728
Equity
Equity, attributable to parent5,1929,5528,2829,5409,22316,909
Common stock443333
Additional paid in capital98,92298,07991,03584,41177,21076,417
Accumulated other comprehensive income (loss)(17)(8)9   
Accumulated deficit(93,717)(88,523)(82,765)(74,874)(67,990)(59,511)
Equity, attributable to noncontrolling interest    13 
Total equity:5,1929,5528,2829,5419,22616,909
TOTAL LIABILITIES AND EQUITY:7,62010,9259,36311,12110,94218,637

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
Revenues2,40337460744 530
Other income   25244  
Cost of revenue(1,586)(258)(1,059)(279)(1)(427)
Cost of goods and services sold(1,586)(258)(1,059)(279)(1) 
Other undisclosed gross profit    (44)  
Gross profit:817116(452)(279)(1)103
Operating expenses(6,798)(6,233)(7,693)(6,653)(8,582)(9,674)
Operating loss:(5,981)(6,117)(8,145)(6,932)(8,583)(9,571)
Nonoperating income7873591210171
Investment income, nonoperating   1210171
Government assistance, nonoperating income, increase (decrease)
Other nonoperating income2036    
Loss from continuing operations:(5,194)(5,758)(8,144)(6,930)(8,482)(9,500)
Loss before gain (loss) on sale of properties:(8,144)(6,930)(8,482)(9,500)
Other undisclosed net income   25244  
Net loss:(5,194)(5,758)(7,892)(6,886)(8,482)(9,500)
Net income attributable to noncontrolling interest   1 3 
Other undisclosed net income attributable to parent    2  
Net loss available to common stockholders, diluted:(5,194)(5,758)(7,891)(6,884)(8,479)(9,500)

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:(5,194)(5,758)(7,892)(6,886)(8,482)(9,500)
Comprehensive loss:(5,194)(5,758)(7,892)(6,886)(8,482)(9,500)
Comprehensive income, net of tax, attributable to noncontrolling interest   1 3 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(9)(17)8   
Comprehensive loss, net of tax, attributable to parent:(5,203)(5,775)(7,883)(6,886)(8,479)(9,500)

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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