Midwest Energy Emissions Corp. (MEEC) Financial Statements (2025 and earlier)

Company Profile

Business Address 1810 JESTER DRIVE
CORSICANA, TX 75109
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,40011,18920,9402,4971,9462,491
Cash and cash equivalents8,40011,18920,9402,4971,9462,491
Receivables1,7841,6682,2332,5492,043697
Inventory, net of allowances, customer advances and progress billings965698795802891926
Inventory965698795802891926
Other undisclosed current assets17811618422688199
Total current assets:11,32813,67024,1526,0744,9694,314
Noncurrent Assets
Operating lease, right-of-use asset15616211213242
Property, plant and equipment1,6611,5951,5961,8201,8281,828
Intangible assets, net (including goodwill)1,602     
Intangible assets, net (excluding goodwill)1,602     
Other undisclosed noncurrent assets41,6561,7091,7661,8171,869
Total noncurrent assets:3,4223,4143,3163,6073,6763,738
TOTAL ASSETS:14,75017,08427,4689,6828,6458,052
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,26047044713 30
Accrued liabilities81047044713 30
Other undisclosed accounts payable and accrued liabilities1,450     
Debt 3,2383,179    
Other undisclosed current liabilities1,0001,7841,7374,3913,2792,484
Total current liabilities:6,4985,4342,1834,4043,2792,514
Noncurrent Liabilities
Liabilities, other than long-term debt132139    
Operating lease, liability132139    
Other undisclosed noncurrent liabilities5,8873,25526,06715,13414,49814,042
Total noncurrent liabilities:6,0193,39426,06715,13414,49814,042
Total liabilities:12,5178,82828,25019,53817,77616,556
Equity
Equity, attributable to parent2,2338,256(783)(9,856)(9,131)(8,504)
Common stock969494949494
Additional paid in capital73,65073,51561,91761,78761,68461,547
Accumulated deficit(71,513)(65,353)(62,794)(71,737)(70,910)(70,145)
Total equity:2,2338,256(783)(9,856)(9,131)(8,504)
TOTAL LIABILITIES AND EQUITY:14,75017,08427,4689,6828,6458,052

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues3,3613,5574,0696,7474,1123,013
Cost of revenue(2,301)(2,113)(1,421)(5,116)(3,113)(2,522)
Cost of goods and services sold  (2,113) (4,472)(2,651)(1,995)
Gross profit:1,0611,4432,6471,632998491
Operating expenses4,634(3,527)(8,267)(2,459)(1,762)(1,918)
Other undisclosed operating loss(9,268)     
Operating loss:(3,574)(2,083)(5,620)(828)(764)(1,427)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2,585)(475)    
Interest and debt expense  10,827(343)(344)(339)(336)
Other undisclosed income from continuing operations before equity method investments, income taxes   37,629   
Income (loss) from continuing operations before equity method investments, income taxes:(6,159)8,26831,666(1,172)(1,104)(1,763)
Other undisclosed income (loss) from continuing operations before income taxes  (10,827)(22,250)344339336
Income (loss) from continuing operations before income taxes:(6,159)(2,559)9,416(828)(764)(1,427)
Income tax expense (benefit)0   (0)(20)
Other undisclosed loss from continuing operations   (473)   
Income (loss) from continuing operations:(6,159)(2,559)8,943(828)(764)(1,447)
Other undisclosed net loss (1) (6,078)   
Net income (loss):(6,159)(2,559)2,865(828)(764)(1,447)
Other undisclosed net income attributable to parent   6,078   
Net income (loss) available to common stockholders, diluted:(6,159)(2,559)8,943(828)(764)(1,447)

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income (loss):(6,159)(2,559)2,865(828)(764)(1,447)
Comprehensive income (loss), net of tax, attributable to parent:(6,159)(2,559)2,865(828)(764)(1,447)

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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