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)

3/31/2024
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 investments10,42212,99915,364 7,0703,776
Cash and cash equivalents10,42212,99915,364 7,0703,776
Restricted cash and investments  1,4402,1261,5162,714 
Receivables3,1712,3101,9583,1299,4762,407
Inventory, net of allowances, customer advances and progress billings5,2684,0625,4215,5225,1994,432
Inventory5,2684,0625,4215,5225,1994,432
Prepaid expense     255134
Contract with customer, asset, after allowance for credit loss2,8922,2531,9072,7082,773624
Asset, held-for-sale, not part of disposal group  724    
Other undisclosed current assets3373,8791,29212,780  
Total current assets:22,09027,66828,06725,65527,48711,373
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization     206
Operating lease, right-of-use asset4,0563,2726,9264,9485,054
Property, plant and equipment9,0078,2978,85910,3224,8261,432
Long-term investments and receivables      6
Long-term investments      6
Intangible assets, net (including goodwill)3484395757407251
Goodwill234226240260236 
Intangible assets, net (excluding goodwill)1152133354804891
Deposits noncurrent assets      348
Other undisclosed noncurrent assets470450628546292 
Total noncurrent assets:13,88212,45816,98816,55511,1021,786
TOTAL ASSETS:35,97240,12645,05542,21038,59013,159
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,9954,4776,3327,2427,5773,991
Taxes payable 115 
Accounts payable2,4451,3891,6472,3324,3392,122
Accrued liabilities3,5513,0874,6864,9093,2231,868
Deferred revenue3836509151,1521,421
Debt5913998,7743951,03414
Business combination, contingent consideration, liability     300 
Contract with customer, liability516
Other undisclosed current liabilities5315618471,026 99
Total current liabilities:7,5006,08616,8689,81510,3324,620
Noncurrent Liabilities
Long-term debt and lease obligation7,5687,86414,8417,2724,314 
Long-term debt, excluding current maturities4,6885,4806,187   
Finance lease, liability2,8802,3842,5003,112172
Liabilities, other than long-term debt3,6282,865572305938 
Deferred income tax liabilities101155225305339
Other liabilities   347   
Operating lease, liability3,5272,7116,1544,1594,142
Business combination, contingent consideration, liability     599 
Total noncurrent liabilities:11,19610,73015,4127,5775,252 
Total liabilities:18,69616,81632,28017,39215,5844,620
Equity
Equity, attributable to parent, including:17,27623,30912,77524,81823,0068,540
Common stock64421222173
Additional paid in capital98,79696,93770,91169,89861,39846,521
Deferred compensation equity      (23)
Accumulated other comprehensive loss(5,604)(6,321)(4,975)(3,046)(6,167)(5,745)
Accumulated deficit(75,922)(67,351)(53,182)(42,055)(32,247)(32,286)
Warrants and rights outstanding    3,476  
Other undisclosed equity, attributable to parent    (3,476)  
Total equity:17,27623,30912,77524,81823,0068,540
TOTAL LIABILITIES AND EQUITY:35,97240,12645,05542,21038,59013,159

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues18,00215,98218,27322,52632,63712,232
Cost of revenue
(Cost of Goods and Services Sold)
(15,226)(15,415)(16,697)(20,380)(25,475)(11,166)
Gross profit:2,7755671,5762,1477,1621,066
Operating expenses(10,575)(13,101)(12,263)(10,402)(7,555)(5,552)
Operating loss:(7,799)(12,534)(10,687)(8,255)(392)(4,486)
Nonoperating income (expense)(978)(1,873)(503)(2,018)135306
Investment income, nonoperating (439)     
Gain (loss), foreign currency transaction, before tax(360)404668(1,470)286344
Interest and debt expense    (121)(204)(72)
Other undisclosed income from continuing operations before equity method investments, income taxes    12120472
Loss from continuing operations before income taxes:(8,777)(14,407)(11,190)(10,274)(258)(4,180)
Income tax benefit20623763465297365
Income (loss) from continuing operations:(8,571)(14,169)(11,127)(9,808)40(3,815)
Income (loss) before gain (loss) on sale of properties:(11,127)(9,808)40(3,815)
Net income (loss) available to common stockholders, diluted:(8,571)(14,169)(11,127)(9,808)40(3,815)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(8,571)(14,169)(11,127)(9,808)40(3,815)
Comprehensive income (loss):(8,571)(14,169)(11,127)(9,808)40(3,815)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent717(1,345)(1,929)3,120(422) 
Comprehensive loss, net of tax, attributable to parent:(7,854)(15,514)(13,056)(6,688)(382)(3,815)

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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