Lithium & Boron Technology, Inc. (LBTI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
60 EAST REN-MIN ROAD XAI XI COUNTY, QING HAI PROV., 817000 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 281 - Industrial Inorganic Chemicals (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,254 | 972 | 160 | 163 | 375 | 1,047 | |||
| Cash and cash equivalent | 1,254 | 972 | 160 | 163 | 375 | 1,047 | |||
| Receivables | 215 | 2,152 | 657 | 4,631 | 4,449 | 2,140 | |||
| Inventory, net of allowances, customer advances and progress billings | 5 | 1,179 | 1,803 | 1,735 | 301 | 263 | |||
| Inventory | 5 | 1,179 | 1,803 | 1,735 | 301 | 263 | |||
| Prepaid expense | 12 | ||||||||
| Advances on inventory purchases | 16 | 242 | 7 | 114 | 31 | ||||
| Other undisclosed current assets | 78 | (3,853) | (4,292) | (722) | |||||
| Total current assets: | 1,580 | 4,545 | 2,627 | 2,791 | 863 | 2,728 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,389 | 1,489 | 1,404 | 1,749 | 16 | 20 | |||
| Long-term investments and receivables | 1,412 | 368 | |||||||
| Due from related parties | 1,412 | ||||||||
| Long-term investments | 368 | ||||||||
| Intangible assets, net (including goodwill) | 51 | ||||||||
| Intangible assets, net (excluding goodwill) | 51 | ||||||||
| Other undisclosed noncurrent assets | 1,623 | 142 | 1,636 | 1,663 | |||||
| Total noncurrent assets: | 3,063 | 3,043 | 3,040 | 3,412 | 16 | 387 | |||
| TOTAL ASSETS: | 4,643 | 7,588 | 5,667 | 6,203 | 879 | 3,115 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,562 | 1,522 | 1,096 | 6,699 | 8,478 | 9,071 | |||
| Taxes payable | 229 | 9 | 16 | ||||||
| Employee-related liabilities | 380 | 350 | 350 | ||||||
| Accounts payable | 1,172 | 705 | 657 | ||||||
| Accrued liabilities | 861 | 955 | 560 | 2,766 | 3,170 | 3,003 | |||
| Other undisclosed accounts payable and accrued liabilities | 701 | 567 | 535 | 2,152 | 4,243 | 5,045 | |||
| Deferred revenue | 70 | 64 | 117 | ✕ | ✕ | ✕ | |||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | 1,156 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 310 | ✕ | ✕ | ||
| Other undisclosed current liabilities | 3,301 | 1,747 | 752 | 2,552 | 1,967 | 673 | |||
| Total current liabilities: | 4,932 | 3,334 | 1,965 | 9,561 | 10,445 | 10,900 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,875 | 2,875 | |||||||
| Long-term debt, excluding current maturities | 2,875 | 2,875 | |||||||
| Other undisclosed noncurrent liabilities | 1,076 | 1,253 | 1,361 | 1,504 | |||||
| Total noncurrent liabilities: | 1,076 | 1,253 | 1,361 | 1,504 | 2,875 | 2,875 | |||
| Total liabilities: | 6,008 | 4,587 | 3,325 | 11,065 | 13,320 | 13,775 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (1,978) | 2,250 | 2,341 | (4,862) | (12,441) | (10,660) | |||
| Common stock | 186 | 186 | 186 | 186 | 9 | 8 | |||
| Common stock, value, subscriptions | 80 | ||||||||
| Additional paid in capital | (6,666) | (6,666) | (6,666) | (7,646) | 86,004 | 85,925 | |||
| Accumulated other comprehensive income (loss) | 289 | 224 | (15) | (12) | 15,018 | 13,772 | |||
| Retained earnings (accumulated deficit) | 3,967 | 8,329 | 8,765 | 1,829 | (119,679) | (116,770) | |||
| Other undisclosed equity, attributable to parent | 247 | 178 | 71 | 781 | 6,207 | 6,324 | |||
| Equity, attributable to noncontrolling interest | 614 | 751 | |||||||
| Other undisclosed equity | (5,626) | (5,643) | |||||||
| Total equity: | (1,365) | 3,001 | 2,341 | (4,862) | (18,068) | (16,303) | |||
| Other undisclosed liabilities and equity | 5,626 | 5,643 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 4,643 | 7,588 | 5,667 | 6,203 | 879 | 3,115 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,166 | 7,566 | 6,742 | 6,029 | 772 | 94 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 94 | ||
| Cost of revenue | (4,809) | (6,669) | (5,647) | (5,148) | (606) | (964) | ||
| Cost of product and service sold | (6,669) | (5,647) | (5,148) | (606) | (964) | |||
| Gross profit: | 1,357 | 896 | 1,095 | 882 | 166 | (870) | ||
| Operating expenses | (5,752) | (1,281) | (1,555) | (2,623) | (1,214) | |||
| Other operating expense, net (Other Expenses) | (4) | |||||||
| Other undisclosed operating income | 4 | |||||||
| Operating income (loss): | (4,395) | (384) | (460) | 882 | (2,457) | (2,084) | ||
| Nonoperating income (expense) | 231 | 234 | 403 | 229 | (404) | 133 | ||
| Investment income, nonoperating | 3 | 133 | ||||||
| Loss, foreign currency transaction, before tax | (122) | |||||||
| Other nonoperating income (expense) | (5) | 42 | 33 | |||||
| Interest and debt expense | (8) | (429) | (358) | |||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (542) | 429 | (269) | |||||
| Income (loss) from continuing operations before income taxes: | (4,164) | (150) | (57) | 561 | (2,862) | (2,578) | ||
| Income tax expense (benefit) | (183) | (94) | (127) | (84) | 13 | |||
| Income (loss) from continuing operations: | (4,346) | (244) | (184) | 477 | (2,862) | (2,565) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (4,346) | (244) | 1,442 | 477 | (2,933) | (7,826) | |
| Income (loss) from discontinued operations | 1,626 | (71) | (5,261) | |||||
| Other undisclosed net income (loss) | 5,666 | (2,083) | ||||||
| Net income (loss): | (4,346) | (244) | 7,108 | 477 | (2,933) | (9,909) | ||
| Net income attributable to noncontrolling interest | 153 | 14 | ||||||
| Other undisclosed net income attributable to parent | 24 | 1,525 | ||||||
| Net income (loss) available to common stockholders, diluted: | (4,193) | (230) | 7,108 | 477 | (2,909) | (8,384) | ||
Comprehensive Income ($ in thousands)
| 6/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (4,346) | (244) | 7,108 | 477 | (2,933) | (9,909) | ||
| Comprehensive income (loss): | (4,346) | (244) | 7,108 | 477 | (2,933) | (9,909) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 138 | (46) | 7,105 | 318 | 17 | 1,538 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 81 | 299 | 987 | 462 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (4,128) | 9 | 14,213 | 795 | (1,929) | (7,909) | ||
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.