Cavitation Technologies, Inc. (CVAT) financial statements (2022 and earlier)

Company profile

Business Address 10019 CANOGA AVENUE
CHATSWORTH,, CA 91311
State of Incorp.
Fiscal Year End June 30
SIC 07 - Agricultural Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1001,8821,363838892722759
Cash and cash equivalents1,1001,8821,363838892722759
Receivables8483611434242104
Inventory, net of allowances, customer advances and progress billings 32564673647
Inventory 32564673647
Prepaid expense   2   
Total current assets:1,1082,3681,3941,0189931,000910
Noncurrent Assets
Operating lease, right-of-use asset213229245261277292308
Property, plant and equipment18243218218418814376
Long-term investments and receivables1,179      
Long-term investments1,179      
Other undisclosed noncurrent assets10101010101010
Total noncurrent assets:1,584671437455475445394
TOTAL ASSETS:2,6923,0391,8311,4731,4681,4451,304
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:315329342301377322316
Employee-related liabilities529667667667667677693
Other undisclosed accounts payable and accrued liabilities(214)(338)(325)(366)(290)(355)(377)
Deferred revenue 959727638506292368
Due to related parties 111111
Other undisclosed current liabilities1,548723725722722732747
Total current liabilities:1,8632,0121,7951,6621,6061,3471,432
Noncurrent Liabilities
Long-term debt and lease obligation451329447571482497362
Long-term debt, excluding current maturities289150254358254254104
Operating lease, liability162179193213228243258
Other undisclosed noncurrent liabilities(162)(179)(193)(213)(228)(243)(258)
Total noncurrent liabilities:451329254571482497104
Total liabilities:2,3142,3412,2422,2332,0881,8441,794
Stockholders' equity
Stockholders' equity attributable to parent378698(411)(760)(620)(399)(490)
Common stock254220208197197197197
Additional paid in capital24,86624,78124,00823,29123,29123,29123,291
Accumulated deficit(24,742)(24,303)(24,627)(24,248)(24,108)(23,887)(23,978)
Total stockholders' equity:378698(411)(760)(620)(399)(490)
TOTAL LIABILITIES AND EQUITY:2,6923,0391,8311,4731,4681,4451,304

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

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
Revenues113551(79)148724181,013
Cost of revenue(3)(23)(5)(3)(2)(11)(12)
Gross profit:110528(84)145704071,001
Operating expenses(548)(306)(396)(285)(288)(316)(290)
Operating income (loss):(438)222(480)(140)(218)91711
Nonoperating income (expense)(1)102     
Interest and debt expense(1)(2)  (3)  
Other undisclosed income from continuing operations before equity method investments, income taxes  202    
Income (loss) from continuing operations before equity method investments, income taxes:(440)322(278)(140)(221)91711
Other undisclosed loss from continuing operations before income taxes  (104)   (8)
Net income (loss):(440)322(382)(140)(221)91703
Other undisclosed net income attributable to parent123    
Net income (loss) available to common stockholders, diluted:(439)324(379)(140)(221)91703

Comprehensive Income ($ in thousands)

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
Net income (loss):(440)322(382)(140)(221)91703
Comprehensive income (loss), net of tax, attributable to parent:(440)322(382)(140)(221)91703

Statements sources

The financial statements are based on the company's filings with the 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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