12 Retech Corp (RETC) Financial Statements (2024 and earlier)

Company Profile

Business Address 10785 W. TWAIN AVE.,
LAS VEGAS, NV 89135
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 7371 - Computer Programming Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
11/30/2016
11/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments121193810005
Cash and cash equivalents121193810005
Receivables3132163  
Inventory, net of allowances, customer advances and progress billings17724223   
Inventory17724223   
Prepaid expense13851  
Deposits current assets    14  
Other current assets   19   
Other undisclosed current assets  (0)    
Total current assets:20550010111805
Noncurrent Assets
Operating lease, right-of-use asset53303
Property, plant and equipment883489891113
Other noncurrent assets 179    
Other undisclosed noncurrent assets241613846  
Total noncurrent assets:382891482141113
TOTAL ASSETS:5871,3915831321118
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,1882,1671,235106131
Interest and dividends payable300192798  
Employee-related liabilities139111206   
Accounts payable1,3571,25037931110
Accrued liabilities1,2425494966721
Other undisclosed accounts payable and accrued liabilities1506674   
Debt1,519824158408  
Derivative instruments and hedges, liabilities23,7985,3592,696   
Due to related parties4153847666692816
Other undisclosed current liabilities2,7763,5511,570   
Total current liabilities:31,69512,2866,4261,1834117
Noncurrent Liabilities
Long-term debt and lease obligation: 59    
Operating lease, liability 59
Other undisclosed noncurrent liabilities620     
Total noncurrent liabilities:62059    
Total liabilities:32,31612,3466,4261,1834117
Temporary equity, carrying amount   945   
Equity
Equity, attributable to parent, including:(35,183)(13,792)(5,843)(1,051)(30)1
Preferred stock    0  
Common stock1207100
Additional paid in capital9,2828,3425,3311,2686348
Accumulated other comprehensive income (loss)(1)(2)12  
Accumulated deficit(44,476)(22,756)(11,181)(2,414)(93)(47)
Other undisclosed equity, attributable to parent  625093  
Equity, attributable to noncontrolling interest(634)     
Other undisclosed equity1,0372,838(945)   
Total equity:(34,780)(10,954)(6,787)(1,051)(30)1
Other undisclosed liabilities and equity3,052     
TOTAL LIABILITIES AND EQUITY:5871,3915831321118

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
11/30/2016
11/30/2015
Revenues7211,6299361  
Other income4321,0245   
Cost of revenue(385)(1,122)(51)(50)  
Cost of goods and services sold    (50)  
Gross profit:3365074211  
Operating expenses(2,885)(3,449)(3,298)(1,371)(45)(41)
Operating loss:(2,549)(2,943)(3,256)(1,360)(45)(41)
Nonoperating expense(19,392)(9,204)(5,512)(59)(1)(1)
Gain (loss), foreign currency transaction, before tax     0(0)
Interest and debt expense(472)(1,260)(1,370)(8)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes    8  
Loss from continuing operations before equity method investments, income taxes:(22,413)(13,407)(10,137)(1,419)(47)(43)
Other undisclosed income from continuing operations before income taxes6231,2601,370   
Loss from continuing operations:(21,790)(12,147)(8,767)(1,419)(47)(43)
Loss before gain (loss) on sale of properties:(21,790)(12,147)(8,767)(1,419)(47)(43)
Net loss:(21,790)(12,147)(8,767)(1,419)(47)(43)
Other undisclosed net income (loss) attributable to parent277   11
Net loss available to common stockholders, diluted:(21,513)(12,147)(8,767)(1,419)(46)(42)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
11/30/2016
11/30/2015
Net loss:(21,790)(12,147)(8,767)(1,419)(47)(43)
Other undisclosed comprehensive income (loss)(150)568    
Comprehensive loss:(21,940)(11,579)(8,767)(1,419)(47)(43)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest222(572)    
Other undisclosed comprehensive loss, net of tax, attributable to parent   (0)(19)  
Comprehensive loss, net of tax, attributable to parent:(21,719)(12,151)(8,767)(1,437)(47)(43)

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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