OZOP ENERGY SOLUTIONS, INC. (OZSC) Financial Statements (2024 and earlier)

Company Profile

Business Address 55 RONALD REAGAN BLVD.
WARWICK, NY 10990
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (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 investments1,4461,3696,7671,8081151
Cash and cash equivalents1,4461,3696,7671,8081151
Receivables1691731,2990 46
Inventory, net of allowances, customer advances and progress billings1,0903,6011,066359378 
Inventory1,0903,6011,066359378 
Prepaid expense    8 
Contract with customer, asset, after allowance for credit loss  3,054875   
Other undisclosed current assets 7559152100103
Total current assets:2,7808,25710,1592,178397199
Noncurrent Assets
Operating lease, right-of-use asset372508708150 
Property, plant and equipment619712133613587
Intangible assets, net (including goodwill)     5,094453
Goodwill     2,197239
Intangible assets, net (excluding goodwill)     2,897214
Other noncurrent assets1313568   
Other undisclosed noncurrent assets     (0) 
Total noncurrent assets:1,0051,2331,4092105,452460
TOTAL ASSETS:3,7859,48911,5682,3885,849659
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:8,0275,0893,2461,678459298
Other undisclosed accounts payable and accrued liabilities8,0275,0893,2461,678459298
Deferred revenue   2118 
Debt18,8384,58213,0112,9293,251844
Derivative instruments and hedges, liabilities1,2164,31420,9671,2382,4631,200
Disposal group, including discontinued operation1,0381,060    
Due to related parties  9471553
Other undisclosed current liabilities6637641,1391,0141,229113
Total current liabilities:29,78215,80938,3856,8867,8733,008
Noncurrent Liabilities
Long-term debt and lease obligation28414,2739074641 
Long-term debt, excluding current maturities28414,2733893891 
Liabilities, other than long-term debt23638425462,892 
Deferred revenue   2546 
Other liabilities     2,892 
Operating lease, liability23638451874 
Other undisclosed noncurrent liabilities     250 
Total noncurrent liabilities:52114,6579325103,144 
Total liabilities:30,30330,46639,3177,39611,0163,008
Equity
Equity, attributable to parent, including:(25,733)(20,192)(27,494)(5,008)(5,167)(2,348)
Preferred stock    0 
Common stock5,4824,7714,6173,398029
Treasury stock, value(11,250)(11,250)(11,250)   
Common stock, share subscribed but unissued, subscriptions receivable     (8)(8)
Additional paid in capital198,705197,587196,46413,3875,0911,960
Deferred compensation equity     (49)(269)
Accumulated other comprehensive income (loss)    (0)78
Accumulated deficit(218,670)(211,301)(217,327)(21,793)(10,209)(4,069)
Other undisclosed equity, attributable to parent11100 
Equity, attributable to noncontrolling interest(785)(785)(255)   
Total equity:(26,518)(20,977)(27,749)(5,008)(5,167)(2,348)
TOTAL LIABILITIES AND EQUITY:3,7859,48911,5682,3885,849659

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
Revenues4,76116,62911,9291,411317157
Cost of revenue(5,368)(15,282)(10,342)(1,404)(57)(40)
Cost of goods and services sold(5,368)(15,282)(10,342)(1,404)(57)(40)
Gross profit:(607)1,3481,5867260118
Operating expenses(5,645)(5,959)(14,388)(17,585)(2,713)(1,562)
Operating loss:(6,252)(4,612)(12,802)(17,578)(2,452)(1,444)
Nonoperating income (expense)(1,139)10,764(182,501)2,9053,688(1,047)
Other nonoperating expense      (1,047)
Interest and debt expense(4,351)(8,439)(95,450)196861662
Income (loss) from continuing operations before equity method investments, income taxes:(11,742)(2,287)(290,753)(14,478)2,097(1,829)
Other undisclosed income (loss) from continuing operations before income taxes4,3518,43995,450(6,005)(8,237) 
Income (loss) from continuing operations:(7,391)6,152(195,303)(20,483)(6,140)(1,829)
Loss before gain (loss) on sale of properties:(195,303)(20,483)(6,140)(1,829)
Income (loss) from discontinued operations21(656)    
Net income (loss):(7,370)5,496(195,303)(20,483)(6,140)(1,829)
Net income attributable to noncontrolling interest  530255   
Other undisclosed net loss attributable to parent      (662)
Net income (loss) available to common stockholders, basic:(7,370)6,026(195,048)(20,483)(6,140)(2,491)
Interest on convertible debt     110 
Net income (loss) available to common stockholders, diluted:(7,370)6,026(195,048)(20,483)(6,030)(2,491)

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):(7,370)5,496(195,303)(20,483)(6,140)(1,829)
Comprehensive income (loss):(7,370)5,496(195,303)(20,483)(6,140)(1,829)
Comprehensive income, net of tax, attributable to noncontrolling interest  530255   
Other undisclosed comprehensive loss, net of tax, attributable to parent    (0)(1)(662)
Comprehensive income (loss), net of tax, attributable to parent:(7,370)6,026(195,048)(20,483)(6,141)(2,491)

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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