Enservco Corporation (ENSV) Financial Statements (2024 and earlier)

Company Profile

Business Address 14133 COUNTY ROAD 9 AND A HALF
LONGMONT, CO 80504
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2024
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 investments201351491,467663257
Cash and cash equivalents201351491,467663257
Receivables4,2654,5382,8451,7336,46710,814
Inventory, net of allowances, customer advances and progress billings209320346295398514
Inventory209320346295398514
Disposal group, including discontinued operation     187864
Asset, held-for-sale, not part of disposal group 7868527  
Other undisclosed current assets1,0479892,1858581,0161,081
Total current assets:5,7225,9605,5934,8808,73113,530
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization92241129569✕
Operating lease, right-of-use asset8911,4762,0602,9183,793✕
Property, plant and equipment6,92311,23616,17320,31726,62033,057
Long-term investments and receivables144225    
Accounts and financing receivable, after allowance for credit loss144225    
Intangible assets, net (including goodwill), including: 7289451,1631,3741,580
Goodwill  546546546546 
Intangible assets, net (excluding goodwill) 1823996178281,033
Other undisclosed intangible assets, net (including goodwill)      547
Disposal group, including discontinued operation, noncurrent assets    3531,430177
Deferred income tax assets     14✕
Other noncurrent assets183191336423445649
Deferred tax assets, net✕✕✕✕✕✕28
Total noncurrent assets:8,15013,87819,55525,30334,24535,491
TOTAL ASSETS:13,87219,83825,14830,18342,97649,021
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,2854,8682,8571,9314,4703,391
Interest and dividends payable✕✕✕ 892  
Other undisclosed accounts payable and accrued liabilities4,2854,8682,8571,0394,4703,391
Debt5,2774,4228,9291,65835,049149
Disposal group, including discontinued operation    317244
Other liabilities198354    
Other undisclosed current liabilities2685977469541473,868
Total current liabilities:10,02810,24112,5324,57439,7387,452
Noncurrent Liabilities
Long-term debt and lease obligation3,1797,0326,97722,9575,8472,144
Long-term debt, excluding current maturities3,1737,0215,45820,7172,5792,144
Finance lease, liability 6112355259✕
Liabilities, other than long-term debt8081,264273934941
Deferred income tax liabilities222273273  ✕
Disposal group, including discontinued operation, liabilities    934 
Other liabilities58    941
Operating lease, liability5289911,4962,1853,009✕
Other undisclosed noncurrent liabilities42913224883333,882
Total noncurrent liabilities:4,4168,4287,27423,0545,91436,967
Total liabilities:14,44418,66919,80627,62845,65244,419
Equity
Equity, attributable to parent(572)1,1695,3422,555(2,676)4,602
Common stock131595732278271
Additional paid in capital48,97042,26640,86630,05222,06621,797
Accumulated deficit(49,673)(41,156)(35,581)(27,529)(25,020)(17,466)
Total equity:(572)1,1695,3422,555(2,676)4,602
TOTAL LIABILITIES AND EQUITY:13,87219,83825,14830,18342,97649,021

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues22,05821,64415,33715,68343,02646,919
Cost of revenue(19,774)(20,532)(17,346)(17,356)(34,607)(37,450)
Cost of goods and services sold(19,773)(20,229)(17,339)(17,211)(34,607)(37,450)
Other undisclosed gross profit 13037145  
Gross profit:2,2851,415(2,002)(1,528)8,4199,469
Operating expenses(8,888)(9,522)(9,404)(11,064)(46,599)(49,269)
Other undisclosed operating income (loss) (1)(303)(7)(145)34,60737,450
Operating loss:(6,604)(8,410)(11,413)(12,737)(3,573)(2,350)
Nonoperating income (expense)(1,964)2,8353,64210,347(162)(2,635)
Other nonoperating income (expense)157(59)3,699126(162)(407)
Interest and debt expense(2,121)4,2771,96411,916(2,805)(2,228)
Income (loss) from continuing operations before equity method investments, income taxes:(10,689)(1,298)(5,807)9,526(6,540)(7,213)
Other undisclosed income (loss) from continuing operations before income taxes2,121(4,277)(1,964)(11,916)1,2522,228
Loss from continuing operations before income taxes:(8,568)(5,575)(7,771)(2,390)(5,288)(4,985)
Income tax expense (benefit)51 (273)(12)(32)(32)
Loss from continuing operations:(8,517)(5,575)(8,044)(2,402)(5,320)(5,017)
Loss before gain (loss) on sale of properties:✕✕✕(8,052)(2,509)(7,652)(5,865)
Loss from discontinued operations   (8)(107)(2,332)(848)
Net loss available to common stockholders, diluted:(8,517)(5,575)(8,052)(2,509)(7,652)(5,865)

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(8,517)(5,575)(8,052)(2,509)(7,652)(5,865)
Comprehensive loss, net of tax, attributable to parent:(8,517)(5,575)(8,052)(2,509)(7,652)(5,865)

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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