Electriq Power Holdings, Inc. (ELIQW) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
625 NORTH FLAGLER DRIVE, SUITE 1003 WEST PALM BEACH, FL 33401 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (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 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 20 | 48 | |||
| Cash and cash equivalent | 20 | 48 | |||
| Receivables | |||||
| Inventory, net of allowances, customer advances and progress billings | |||||
| Inventory | |||||
| Prepaid expense | 108 | 106 | |||
| Derivative instruments and hedges, assets | |||||
| Other undisclosed current assets | |||||
| Total current assets: | 128 | 154 | |||
| Noncurrent Assets | |||||
| Operating lease, right-of-use asset | |||||
| Property, plant and equipment | |||||
| Asset, held-in-trust | 80,900 | 400,024 | |||
| Other undisclosed noncurrent assets | 45 | ||||
| Total noncurrent assets: | 80,945 | 400,024 | |||
| TOTAL ASSETS: | 81,073 | 400,178 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 4,749 | 2,478 | |||
| Accounts payable | 277 | 49 | |||
| Accrued liabilities | 4,472 | 2,429 | |||
| Due to related parties | ✕ | 2,330 | 920 | ||
| Other undisclosed current liabilities | 1,056 | 121 | |||
| Total current liabilities: | 8,135 | 3,519 | |||
| Noncurrent Liabilities | |||||
| Liabilities, other than long-term debt | 800 | 10,600 | |||
| Deferred revenue | |||||
| Other liabilities | |||||
| Operating lease, liability | |||||
| Derivative instruments and hedges, liabilities | 800 | 10,600 | |||
| Other undisclosed noncurrent liabilities | 14,000 | 14,000 | |||
| Total noncurrent liabilities: | 14,800 | 24,600 | |||
| Total liabilities: | 22,935 | 28,119 | |||
| Temporary equity, including noncontrolling interest | 79,740 | 400,000 | |||
| Equity | |||||
| Equity, attributable to parent, including: | (21,602) | (27,941) | |||
| Additional paid in capital | |||||
| Accumulated other comprehensive loss | |||||
| Accumulated deficit | (21,603) | (27,942) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | |||
| Total equity: | (21,602) | (27,941) | |||
| TOTAL LIABILITIES AND EQUITY: | 81,073 | 400,178 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Revenues (Other undisclosed Revenues) | ||||
| Cost of revenue (Cost of Product and Service Sold) | ||||
| Gross profit: | ||||
| Operating expenses | (4,354) | (4,333) | ||
| Other undisclosed operating loss | (322) | (288) | ||
| Operating loss: | (4,676) | (4,621) | ||
| Nonoperating income (Other Nonoperating income) | ||||
| Interest and debt expense | ||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 22,544 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (4,676) | 17,923 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 16,173 | |||
| Income (loss) from continuing operations before income taxes: | 11,497 | 17,923 | ||
| Income tax expense | (1,056) | |||
| Income (loss) from continuing operations: | 10,441 | 17,923 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 17,923 | |
| Net income (loss) attributable to parent: | 10,441 | 17,923 | ||
| Preferred stock dividends and other adjustments | ||||
| Net income (loss) available to common stockholders, diluted: | 10,441 | 17,923 | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Net income (loss): | 10,441 | 17,923 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 10,441 | 17,923 | ||
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.