Renovare Environmental, Inc. (RENO) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
80 RED SCHOOLHOUSE ROAD CHESTNUT RIDGE, NY 10977 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 82 - Educational Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 180 | 2,404 | 1,848 | 2,411 | 901 | 326 | |||
| Cash and cash equivalent | 180 | 2,404 | 1,848 | 2,411 | 901 | 326 | |||
| Restricted cash and investments | 3,765 | 1,885 | 1,134 | 4,195 | |||||
| Receivables | 1,248 | 1,574 | 2,156 | 403 | 274 | 140 | |||
| Inventory, net of allowances, customer advances and progress billings | 648 | 695 | 468 | 500 | 332 | 706 | |||
| Inventory | 648 | 695 | 468 | 500 | 332 | 706 | |||
| Other undisclosed current assets | 119 | 184 | 126 | 66 | 80 | 22 | |||
| Total current assets: | 5,960 | 6,742 | 5,731 | 7,575 | 1,587 | 1,194 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,186 | 1,266 | 945 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 30,955 | 81,277 | 45,471 | 49 | 64 | 54 | |||
| Long-term investments and receivables | 666 | 711 | 1,687 | 1,016 | |||||
| Long-term investments | 666 | 711 | 1,687 | 1,016 | |||||
| Intangible assets, net (including goodwill) | 58 | 142 | 174 | 267 | |||||
| Goodwill | 58 | 58 | |||||||
| Intangible assets, net (excluding goodwill) | 84 | 174 | 267 | ||||||
| Regulated entity, other noncurrent assets | 1,914 | 119 | |||||||
| Restricted cash and investments | 2,584 | 2,521 | |||||||
| Other noncurrent assets | 60 | 29 | 54 | 14 | 24 | 14 | |||
| Other undisclosed noncurrent assets | 925 | (33,338) | 4,281 | 41,414 | 7,675 | 905 | |||
| Total noncurrent assets: | 36,376 | 49,944 | 50,809 | 47,741 | 8,952 | 1,358 | |||
| TOTAL ASSETS: | 42,336 | 56,686 | 56,540 | 55,316 | 10,540 | 2,552 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 5,544 | 4,689 | 5,837 | 2,271 | 2,209 | 2,132 | |||
| Interest and dividends payable | 1,411 | 1,279 | 1,149 | 960 | 29 | 412 | |||
| Accounts payable | 4,134 | 2,493 | 4,688 | 1,311 | 1,288 | 1,197 | |||
| Accrued liabilities | 917 | 892 | 523 | ||||||
| Deferred revenue | 247 | 139 | 90 | ✕ | ✕ | ✕ | |||
| Debt | 40,069 | 1,499 | 1,580 | 9 | 9 | 9 | |||
| Other liabilities | 9,164 | 545 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 85 | 62 | ||
| Due to related parties | 935 | 935 | 210 | 275 | 1,213 | ||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | 39 | 36 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 8 | ✕ | ✕ | ||
| Other undisclosed current liabilities | 983 | 1,923 | 3,366 | 4,922 | 180 | 2,839 | |||
| Total current liabilities: | 47,778 | 18,349 | 11,083 | 7,210 | 3,342 | 6,290 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,120 | 1,221 | 10,202 | 13 | 22 | 11 | |||
| Long-term debt, excluding current maturities | 4 | 9,287 | 13 | 22 | 11 | ||||
| Liabilities, other than long-term debt | 2,070 | 3,394 | 1,510 | 1,305 | 2,405 | 4,053 | |||
| Accounts payable and accrued liabilities | 2,070 | 1,808 | 1,510 | 1,305 | 1,861 | 253 | |||
| Due to related parties | 1,586 | 545 | 3,800 | ||||||
| Operating lease, liability | 1,120 | 1,217 | 915 | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 994 | 29,641 | 25,649 | 35,963 | 15,163 | 3,656 | |||
| Total noncurrent liabilities: | 4,184 | 34,256 | 37,361 | 37,281 | 17,591 | 7,720 | |||
| Total liabilities: | 51,962 | 52,605 | 48,444 | 44,491 | 20,933 | 14,010 | |||
| Temporary equity, including noncontrolling interest | 477 | 627 | 727 | 817 | 1,096 | ||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (10,102) | 2,314 | 2,024 | 3,406 | (11,489) | (11,458) | |||
| Common stock | 3 | 2 | 2 | 1 | 1 | 1 | |||
| Additional paid in capital | 77,318 | 60,254 | 49,597 | 43,453 | 17,281 | 9,604 | |||
| Accumulated other comprehensive income (loss) | (133) | (144) | (43) | 5 | (39) | 9 | |||
| Accumulated deficit | (92,059) | (64,420) | (52,785) | (44,594) | (29,431) | (21,072) | |||
| Warrants and rights outstanding | 80 | 80 | |||||||
| Other undisclosed equity, attributable to parent | 4,769 | 6,622 | 5,254 | 4,460 | 619 | ||||
| Equity, attributable to noncontrolling interest | 1,141 | 5,346 | 6,603 | ||||||
| Total equity: | (10,102) | 3,455 | 7,370 | 10,008 | (11,489) | (11,458) | |||
| TOTAL LIABILITIES AND EQUITY: | 42,336 | 56,686 | 56,540 | 55,316 | 10,540 | 2,552 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 12,348 | 5,879 | 4,219 | 3,359 | 2,421 | 2,243 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 2,421 | 2,243 | |
| Operating lease, lease income | 1,346 | 1,353 | 1,484 | ✕ | ✕ | ✕ | ||
| Cost of revenue | (42) | (1,640) | (1,686) | (1,670) | ||||
| Cost of product and service sold | (42) | (16) | (1,686) | (1,670) | ||||
| Gross profit: | 12,348 | 5,837 | 4,219 | 1,719 | 735 | 574 | ||
| Operating expenses | (30,864) | (17,555) | (11,755) | (6,857) | (7,299) | (6,498) | ||
| Other undisclosed operating income | 42 | |||||||
| Operating loss: | (18,517) | (11,676) | (7,535) | (5,137) | (6,564) | (5,925) | ||
| Nonoperating expense | (5,807) | (4,066) | (2,745) | (9,610) | (1,786) | (821) | ||
| Interest and debt expense | (6,192) | (4,084) | (3,377) | (2,583) | (1,767) | (821) | ||
| Loss from continuing operations before equity method investments, income taxes: | (30,516) | (19,825) | (13,657) | (17,330) | (10,118) | (7,566) | ||
| Loss from equity method investments | (45) | |||||||
| Loss from continuing operations before income taxes: | (30,561) | (19,825) | (13,657) | (17,330) | (10,118) | (7,566) | ||
| Income tax expense (benefit) | (4,831) | (2,707) | (2,144) | 2,683 | ||||
| Loss from continuing operations: | (35,392) | (22,532) | (13,657) | (17,330) | (12,262) | (4,883) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (35,392) | (22,532) | (13,657) | (17,330) | (12,262) | (4,883) | |
| Other undisclosed net income | 11,069 | 6,790 | 3,377 | 2,583 | ||||
| Net loss: | (24,323) | (15,742) | (10,280) | (14,747) | (12,262) | (4,883) | ||
| Net income attributable to noncontrolling interest | 2,726 | 4,205 | 2,657 | 77 | ||||
| Other undisclosed net income (loss) attributable to parent | 3,912 | (1,862) | ||||||
| Net loss attributable to parent: | (21,597) | (11,537) | (7,623) | (14,670) | (8,351) | (6,745) | ||
| Preferred stock dividends and other adjustments | (708) | (785) | (722) | |||||
| Other undisclosed net loss available to common stockholders, basic | (1,456) | (22) | (405) | |||||
| Net loss available to common stockholders, diluted: | (23,761) | (12,344) | (8,750) | (14,670) | (8,351) | (6,745) | ||
Comprehensive Income ($ in thousands)
| 3/31/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (24,323) | (15,742) | (10,280) | (14,747) | (12,262) | (4,883) | ||
| Comprehensive loss: | (24,323) | (15,742) | (10,280) | (14,747) | (12,262) | (4,883) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 2,726 | 4,205 | 2,657 | 77 | ||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 11 | (101) | (48) | 44 | 3,864 | (1,845) | ||
| Comprehensive loss, net of tax, attributable to parent: | (21,586) | (11,638) | (7,671) | (14,627) | (8,398) | (6,729) | ||
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.