LiqTech International Inc. (LIQT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
INDUSTRIPARKEN 22C BALLERUP, DK-2750 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 359 - Miscellaneous Industrial And Commercial (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,415 | 10,422 | 12,999 | 15,364 | 7,070 | ||||
| Cash and cash equivalent | 4,415 | 10,422 | 12,999 | 15,364 | 7,070 | ||||
| Restricted cash and investments | 1,440 | 2,126 | 1,516 | 2,714 | |||||
| Receivables | 2,396 | 3,171 | 2,310 | 1,958 | 3,129 | 9,476 | |||
| Inventory, net of allowances, customer advances and progress billings | 5,541 | 5,268 | 4,062 | 5,421 | 5,522 | 5,199 | |||
| Inventory | 5,541 | 5,268 | 4,062 | 5,421 | 5,522 | 5,199 | |||
| Prepaid expense | 255 | ||||||||
| Contract with customer, asset, after allowance for credit loss | 1,667 | 2,892 | 2,253 | 1,907 | 2,708 | 2,773 | |||
| Asset, held-for-sale, not part of disposal group | 724 | ||||||||
| Other undisclosed current assets | 6,623 | 337 | 3,879 | 1,292 | 12,780 | ||||
| Total current assets: | 20,641 | 22,090 | 27,668 | 28,067 | 25,655 | 27,487 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 206 | ||||||||
| Operating lease, right-of-use asset | 4,451 | 4,056 | 3,272 | 6,926 | 4,948 | 5,054 | |||
| Property, plant and equipment | 6,619 | 9,007 | 8,297 | 8,859 | 10,322 | 4,826 | |||
| Intangible assets, net (including goodwill) | 260 | 348 | 439 | 575 | 740 | 725 | |||
| Goodwill | 221 | 234 | 226 | 240 | 260 | 236 | |||
| Intangible assets, net (excluding goodwill) | 39 | 115 | 213 | 335 | 480 | 489 | |||
| Other undisclosed noncurrent assets | 457 | 470 | 450 | 628 | 546 | 292 | |||
| Total noncurrent assets: | 11,786 | 13,882 | 12,458 | 16,988 | 16,555 | 11,102 | |||
| TOTAL ASSETS: | 32,427 | 35,972 | 40,126 | 45,055 | 42,210 | 38,590 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,792 | 5,995 | 4,477 | 6,332 | 7,242 | 7,577 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 1 | 15 | |||
| Accounts payable | 1,301 | 2,445 | 1,389 | 1,647 | 2,332 | 4,339 | |||
| Accrued liabilities | 2,491 | 3,551 | 3,087 | 4,686 | 4,909 | 3,223 | |||
| Deferred revenue | 109 | 383 | 650 | 915 | 1,152 | 1,421 | |||
| Debt | 458 | 591 | 399 | 8,774 | 395 | 1,034 | |||
| Business combination, contingent consideration, liability | 300 | ||||||||
| Other undisclosed current liabilities | 544 | 531 | 561 | 847 | 1,026 | ||||
| Total current liabilities: | 4,904 | 7,500 | 6,086 | 16,868 | 9,815 | 10,332 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 6,904 | 7,568 | 7,864 | 14,841 | 7,272 | 4,314 | |||
| Long-term debt, excluding current maturities | 5,304 | 4,688 | 5,480 | 6,187 | |||||
| Finance lease, liability | 1,601 | 2,880 | 2,384 | 2,500 | 3,112 | 172 | |||
| Liabilities, other than long-term debt | 3,965 | 3,628 | 2,865 | 572 | 305 | 938 | |||
| Deferred income tax liabilities | 58 | 101 | 155 | 225 | 305 | 339 | |||
| Other liabilities | 347 | ||||||||
| Operating lease, liability | 3,907 | 3,527 | 2,711 | 6,154 | 4,159 | 4,142 | |||
| Business combination, contingent consideration, liability | 599 | ||||||||
| Total noncurrent liabilities: | 10,869 | 11,196 | 10,730 | 15,412 | 7,577 | 5,252 | |||
| Total liabilities: | 15,773 | 18,696 | 16,816 | 32,280 | 17,392 | 15,584 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 16,654 | 17,276 | 23,309 | 12,775 | 24,818 | 23,006 | |||
| Common stock | 9 | 6 | 44 | 21 | 22 | 21 | |||
| Additional paid in capital | 109,274 | 98,796 | 96,937 | 70,911 | 69,898 | 61,398 | |||
| Accumulated other comprehensive loss | (6,362) | (5,604) | (6,321) | (4,975) | (3,046) | (6,167) | |||
| Accumulated deficit | (86,267) | (75,922) | (67,351) | (53,182) | (42,055) | (32,247) | |||
| Warrants and rights outstanding | 3,476 | ||||||||
| Other undisclosed equity, attributable to parent | (3,476) | ||||||||
| Equity, attributable to noncontrolling interest | |||||||||
| Total equity: | 16,654 | 17,276 | 23,309 | 12,775 | 24,818 | 23,006 | |||
| TOTAL LIABILITIES AND EQUITY: | 32,427 | 35,972 | 40,126 | 45,055 | 42,210 | 38,590 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 14,605 | 18,002 | 15,982 | 18,273 | 22,526 | 32,637 | ||
| Cost of revenue (Cost of Product and Service Sold) | (14,354) | (15,226) | (15,415) | (16,697) | (20,380) | (25,475) | ||
| Gross profit: | 251 | 2,775 | 567 | 1,576 | 2,147 | 7,162 | ||
| Operating expenses | (9,739) | (10,575) | (13,101) | (12,263) | (10,402) | (7,555) | ||
| Operating loss: | (9,488) | (7,799) | (12,534) | (10,687) | (8,255) | (392) | ||
| Nonoperating income (expense) | (896) | (978) | (1,873) | (503) | (2,018) | 135 | ||
| Investment income, nonoperating | (439) | |||||||
| Gain (loss), foreign currency transaction, before tax | 164 | (360) | 404 | 668 | (1,470) | 286 | ||
| Interest and debt expense | (121) | (204) | ||||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 121 | 204 | ||||||
| Loss from continuing operations before income taxes: | (10,384) | (8,777) | (14,407) | (11,190) | (10,274) | (258) | ||
| Income tax benefit | 39 | 206 | 237 | 63 | 465 | 297 | ||
| Income (loss) from continuing operations: | (10,345) | (8,571) | (14,169) | (11,127) | (9,808) | 40 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (11,127) | (9,808) | 40 | |
| Net income (loss): | (10,345) | (8,571) | (14,169) | (11,127) | (9,808) | 40 | ||
| Net income attributable to noncontrolling interest | ||||||||
| Net income (loss) available to common stockholders, diluted: | (10,345) | (8,571) | (14,169) | (11,127) | (9,808) | 40 | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (10,345) | (8,571) | (14,169) | (11,127) | (9,808) | 40 | ||
| Other undisclosed comprehensive income | ||||||||
| Comprehensive income (loss): | (10,345) | (8,571) | (14,169) | (11,127) | (9,808) | 40 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | ||||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (758) | 717 | (1,345) | (1,929) | 3,120 | (422) | ||
| Comprehensive loss, net of tax, attributable to parent: | (11,103) | (7,854) | (15,514) | (13,056) | (6,688) | (382) | ||
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.