LiqTech International, Inc. (LIQT) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,99915,364 7,0703,7762,486
Cash and cash equivalents12,99915,364 7,0703,7762,486
Restricted cash and investments1,4402,1261,5162,714  
Receivables2,3101,9583,1299,4762,4071,761
Inventory, net of allowances, customer advances and progress billings4,0625,4215,5225,1994,4324,662
Inventory4,0625,4215,5225,1994,4324,662
Prepaid expense    25513428
Contract with customer, asset, after allowance for credit loss2,2531,9072,7082,773624
Asset, held-for-sale, not part of disposal group724     
Costs in excess of billings490
Other undisclosed current assets3,8791,29212,780   
Total current assets:27,66828,06725,65527,48711,3739,428
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    206
Operating lease, right-of-use asset3,2726,9264,9485,054
Property, plant and equipment8,2978,85910,3224,8261,4321,959
Long-term investments and receivables     66
Long-term investments     66
Intangible assets, net (including goodwill)43957574072513
Goodwill226240260236  
Intangible assets, net (excluding goodwill)21333548048913
Deposits noncurrent assets     348284
Other undisclosed noncurrent assets450628546292  
Total noncurrent assets:12,45816,98816,55511,1021,7862,252
TOTAL ASSETS:40,12645,05542,21038,59013,15911,680
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,4776,3327,2427,5773,9913,501
Taxes payable 115 1
Accounts payable1,3891,6472,3324,3392,1221,775
Accrued liabilities3,0874,6864,9093,2231,8681,725
Deferred revenue6509151,1521,421
Debt3998,7743951,0341426
Business combination, contingent consideration, liability    300  
Deferred revenue and credits934
Billings in excess of cost307
Contract with customer, liability516
Other undisclosed current liabilities5618471,026 99 
Total current liabilities:6,08616,8689,81510,3324,6204,768
Noncurrent Liabilities
Long-term debt and lease obligation7,86414,8417,2724,314  
Long-term debt, excluding current maturities5,4806,187    
Finance lease, liability2,3842,5003,112172
Liabilities, other than long-term debt2,865572305938  
Deferred income tax liabilities155225305339
Other liabilities  347    
Operating lease, liability2,7116,1544,1594,142
Business combination, contingent consideration, liability    599  
Total noncurrent liabilities:10,73015,4127,5775,252  
Total liabilities:16,81632,28017,39215,5844,6204,768
Equity
Equity, attributable to parent, including:23,30912,77524,81823,0068,5406,912
Preferred stock      2
Common stock442122217344
Additional paid in capital96,93770,91169,89861,39846,52140,458
Deferred compensation equity     (23)(80)
Accumulated other comprehensive loss(6,321)(4,975)(3,046)(6,167)(5,745)(5,041)
Accumulated deficit(67,351)(53,182)(42,055)(32,247)(32,286)(28,472)
Warrants and rights outstanding   3,476   
Other undisclosed equity, attributable to parent   (3,476)   
Total equity:23,30912,77524,81823,0068,5406,912
TOTAL LIABILITIES AND EQUITY:40,12645,05542,21038,59013,15911,680

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues15,98218,27322,52632,63712,23211,343
Revenue, net11,343
Cost of revenue
(Cost of Goods and Services Sold)
(15,415)(16,697)(20,380)(25,475)(11,166)(11,136)
Gross profit:5671,5762,1477,1621,066207
Operating expenses(13,101)(12,263)(10,402)(7,555)(5,552)(4,814)
Other undisclosed operating income      
Operating loss:(12,534)(10,687)(8,255)(392)(4,486)(4,607)
Nonoperating income (expense)(1,873)(503)(2,018)135306(171)
Gain (loss), foreign currency transaction, before tax404668(1,470)286344(102)
Interest and debt expense   (121)(204)(72)(46)
Other undisclosed income from continuing operations before equity method investments, income taxes   1212047246
Loss from continuing operations before equity method investments, income taxes:(14,407)(11,190)(10,274)(258)(4,180)(4,778)
Other undisclosed loss from continuing operations before income taxes      
Loss from continuing operations before income taxes:(14,407)(11,190)(10,274)(258)(4,180)(4,778)
Income tax benefit23763465297365318
Income (loss) from continuing operations:(14,169)(11,127)(9,808)40(3,815)(4,460)
Income (loss) before gain (loss) on sale of properties:(11,127)(9,808)40(3,815)(4,460)
Net income (loss) available to common stockholders, diluted:(14,169)(11,127)(9,808)40(3,815)(4,460)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(14,169)(11,127)(9,808)40(3,815)(4,460)
Comprehensive income (loss):(14,169)(11,127)(9,808)40(3,815)(4,460)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,345)(1,929)3,120(422)  
Comprehensive loss, net of tax, attributable to parent:(15,514)(13,056)(6,688)(382)(3,815)(4,460)

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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