Omnitek Engineering Corp (OMTK) financial statements (2021 and earlier)

Company profile

Business Address 1333 KEYSTONE WAY
VISTA, CA 92081
State of Incorp. CA
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments818341754112
Cash and cash equivalents818341754112
Receivables29402420223635
Inventory, net of allowances, customer advances and progress billings1,2391,2601,3111,3601,4521,4431,513
Inventory1,2391,2601,3111,3601,4521,4431,513
Prepaid expense      20
Deposits current assets71056292222
Other undisclosed current assets13133413   
Total current assets:1,3681,3321,4081,4151,5081,5431,601
Noncurrent Assets
Property, plant and equipment2222343
Other noncurrent assets3030303014 14
Other undisclosed noncurrent assets     14 
Total noncurrent assets:32333333171918
TOTAL ASSETS:1,4011,3641,4411,4481,5251,5621,619
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:432396360362373350362
Other undisclosed accounts payable and accrued liabilities432396360362373350362
Debt607085100453015
Due to related parties83576372466667015573
Contract with customer, liability   30
Other undisclosed current liabilities249239258225141767239
Total current liabilities:1,5771,4691,4261,3531,2301,1631,218
Noncurrent Liabilities
Long-term debt and lease obligation    5570 
Long-term debt, excluding current maturities    5570 
Total noncurrent liabilities:    5570 
Total liabilities:1,5771,4691,4261,3531,2851,2331,218
Stockholders' equity
Stockholders' equity attributable to parent(176)(105)1495240329401
Common stock8,5028,4278,4278,4278,4278,4118,411
Additional paid in capital11,99011,96011,94911,92311,91811,88011,874
Accumulated deficit(20,669)(20,492)(20,362)(20,256)(20,105)(19,962)(19,885)
Total stockholders' equity:(176)(105)1495240329401
TOTAL LIABILITIES AND EQUITY:1,4011,3641,4411,4481,5251,5621,619

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues123264351276281370360
Cost of revenue(101)(163)(205)(112)(170)(200)(204)
Cost of goods and services sold  (25) (170)(200)(204)
Other undisclosed gross profit13  (97)   
Gross profit:3510114666110169155
Operating expenses(208)(225)(247)(218)(215)(241)(251)
Operating loss:(172)(124)(101)(152)(105)(72)(96)
Nonoperating income (expense)(5)(5)(5)1(39)(4)(2)
Interest and debt expense(5)(5)(5)66(33)(4)(3)
Loss from continuing operations before equity method investments, income taxes:(182)(134)(112)(85)(176)(79)(101)
Other undisclosed income (loss) from continuing operations before income taxes555(66)3343
Loss from continuing operations before income taxes:(177)(129)(106)(150)(143)(76)(98)
Income tax expense (1)   (1) 
Net loss available to common stockholders, diluted:(177)(130)(106)(150)(143)(77)(98)

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net loss:(177)(130)(106)(150)(143)(77)(98)
Comprehensive loss, net of tax, attributable to parent:(177)(130)(106)(150)(143)(77)(98)

Statements sources

The financial statements are based on the company's filings with the 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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