OriginClear, Inc. (OCLN) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
13575 58TH STREET NORTH, SUITE 200 CLEARWATER, FL 33760 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1623 - Water, Sewer, Pipeline, and Communications and Power Line Construction (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 investments | 663 | 340 | 416 | 491 | 609 | 440 | |||
| Cash and cash equivalents | 636 | 141 | 416 | 491 | 609 | 440 | |||
| Short-term investments | 27 | 199 | |||||||
| Restricted cash and investments | 719 | ||||||||
| Receivables | 2,479 | 2,151 | 442 | 525 | 309 | 490 | |||
| Inventory, net of allowances, customer advances and progress billings | 14 | 14 | |||||||
| Inventory | 14 | 14 | |||||||
| Prepaid expense | 25 | 13 | 62 | ||||||
| Other current assets | 1,479 | 379 | 149 | 26 | 111 | ||||
| Costs in excess of billings | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 89 | ||
| Other undisclosed current assets | 568 | 53 | 165 | 131 | 84 | ||||
| Total current assets: | 5,366 | 3,451 | 1,060 | 1,208 | 1,175 | 1,178 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 177 | 213 | 258 | 117 | 154 | 151 | |||
| Long-term investments and receivables | 402 | 532 | 8 | 10 | 23 | ||||
| Long-term investments | 402 | 532 | 8 | 10 | 23 | ||||
| Accounts and financing receivable, after allowance for credit loss | |||||||||
| Intangible assets, net (including goodwill) | 4 | 4 | 4 | 4 | 4 | 4 | |||
| Intangible assets, net (excluding goodwill) | 4 | 4 | 4 | 4 | 4 | 4 | |||
| Other noncurrent assets | 20 | ||||||||
| Other undisclosed noncurrent assets | 400 | 4 | 4 | 4 | |||||
| Total noncurrent assets: | 984 | 749 | 271 | 135 | 185 | 178 | |||
| TOTAL ASSETS: | 6,349 | 4,201 | 1,330 | 1,342 | 1,360 | 1,356 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 5,419 | 2,986 | 2,848 | 2,308 | 2,141 | 1,760 | |||
| Accounts payable | 3,785 | 1,452 | 1,305 | 1,145 | 988 | 828 | |||
| Accrued liabilities | 1,634 | 1,533 | 1,543 | 1,163 | 1,153 | 932 | |||
| Deferred revenue | 932 | ✕ | ✕ | ||||||
| Debt | 4,802 | 3,097 | 1,566 | 3,307 | 9 | 778 | |||
| Derivative instruments and hedges, liabilities | 12,310 | 31,640 | 9,360 | 5,531 | |||||
| Other liabilities | 1,887 | 341 | 428 | 113 | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 16 | ||
| Billings in excess of cost | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 154 | ||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 114 | ||
| Other undisclosed current liabilities | 8,458 | 8,308 | 2,123 | 2,440 | 20 | ||||
| Total current liabilities: | 19,611 | 16,277 | 17,065 | 39,806 | 14,063 | 8,372 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 553 | 2,178 | 5 | ||||||
| Long-term debt, excluding current maturities | 553 | 2,151 | 5 | ||||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 27 | |||
| Liabilities, other than long-term debt, including: | 1,889 | 5,738 | 12,310 | ||||||
| Derivative instruments and hedges, liabilities | 8,112 | 5,738 | 12,310 | ||||||
| Other undisclosed liabilities, other than long-term debt | (6,223) | ||||||||
| Other undisclosed noncurrent liabilities | (5,676) | 3,345 | 2,811 | ||||||
| Total noncurrent liabilities: | 1,889 | 62 | 12,310 | 3,898 | 2,178 | 2,816 | |||
| Total liabilities: | 21,500 | 16,339 | 29,375 | 43,704 | 16,241 | 11,188 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (26,017) | (22,322) | (29,645) | (42,362) | (16,625) | (9,832) | |||
| Preferred stock | 60 | ||||||||
| Common stock | 101 | 31 | 7 | 0 | 175 | 11 | |||
| Additional paid in capital | 82,746 | 75,720 | 64,265 | 64,915 | 63,004 | 58,619 | |||
| Accumulated other comprehensive loss | (0) | (0) | (0) | (0) | (0) | (0) | |||
| Accumulated deficit | (108,967) | (98,176) | (94,020) | (107,282) | (79,808) | (68,461) | |||
| Other undisclosed equity, attributable to parent | 43 | 103 | 103 | 4 | 4 | 0 | |||
| Other undisclosed equity | 1,743 | ||||||||
| Total equity: | (26,017) | (22,322) | (29,645) | (42,362) | (14,882) | (9,832) | |||
| Other undisclosed liabilities and equity | 10,867 | 10,183 | 1,601 | ||||||
| TOTAL LIABILITIES AND EQUITY: | 6,349 | 4,201 | 1,330 | 1,342 | 1,360 | 1,356 | |||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 10,377 | 4,144 | 4,101 | 3,588 | 4,638 | 3,356 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3,356 | |
| Cost of revenue (Cost of Goods and Services Sold) | (8,881) | (3,574) | (3,489) | (3,217) | (3,484) | (2,706) | ||
| Gross profit: | 1,495 | 570 | 612 | 371 | 1,154 | 650 | ||
| Operating expenses | (8,078) | (6,499) | (5,323) | (4,279) | (5,216) | (5,944) | ||
| Operating loss: | (6,583) | (5,929) | (4,711) | (3,908) | (4,062) | (5,294) | ||
| Nonoperating income (expense) | (4,208) | 3,812 | 17,973 | (23,565) | (7,284) | (62) | ||
| Investment income, nonoperating | 19,360 | (22,280) | (3,301) | |||||
| Interest and debt expense | 50 | 152 | (1,268) | (42) | (1,850) | (726) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (10,741) | (1,966) | 11,993 | (27,516) | (13,197) | (6,083) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 13,007 | 2,410 | (9,208) | 33,281 | 15,585 | 8,175 | ||
| Income from continuing operations before income taxes: | 2,266 | 444 | 2,785 | 5,765 | 2,388 | 2,093 | ||
| Income tax expense | (16) | |||||||
| Income from continuing operations: | 2,250 | 444 | 2,785 | 5,765 | 2,388 | 2,093 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 444 | 2,785 | 5,765 | 2,388 | 2,093 | |
| Other undisclosed net income (loss) | (2,562) | 10,476 | ||||||
| Net income (loss): | 2,250 | (2,118) | 13,261 | 5,765 | 2,388 | 2,093 | ||
| Net income attributable to noncontrolling interest | 2,118 | |||||||
| Other undisclosed net loss attributable to parent | (13,041) | (2,118) | (33,238) | (13,735) | (7,325) | |||
| Net income (loss) attributable to parent: | (10,791) | (2,118) | 13,261 | (27,474) | (11,347) | (5,232) | ||
| Preferred stock dividends and other adjustments | (0) | (27) | ||||||
| Other undisclosed net income (loss) available to common stockholders, basic | (2,038) | 0 | ||||||
| Net income (loss) available to common stockholders, diluted: | (10,791) | (4,156) | 13,261 | (27,474) | (11,374) | (5,232) | ||
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): | 2,250 | (2,118) | 13,261 | 5,765 | 2,388 | 2,093 | ||
| Other comprehensive income | 0 | |||||||
| Comprehensive income (loss): | 2,250 | (2,118) | 13,261 | 5,765 | 2,388 | 2,093 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 2,118 | |||||||
| Comprehensive income, net of tax, attributable to parent: | 2,250 | 13,261 | 5,765 | 2,388 | 2,093 | |||
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.