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
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9514950124368
Cash and cash equivalents9514950124368
Receivables8187732311
Inventory, net of allowances, customer advances and progress billings188182168177199156
Inventory188182168177199156
Prepaid expense111111131211
Total current assets:302361305205277246
Noncurrent Assets
Operating lease, right-of-use asset 14335377153
Property, plant and equipment45567188199230
Other noncurrent assets8930  64102
Other undisclosed noncurrent assets241246240241236194
Total noncurrent assets:376346345382576679
TOTAL ASSETS:677706650587853925
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,7223,5303,4713,1882,8602,732
Interest and dividends payable310294325300272241
Employee-related liabilities139139139139139139
Accounts payable1,4941,3851,4441,3571,2911,252
Accrued liabilities1,5391,5011,3831,2421,0371,011
Other undisclosed accounts payable and accrued liabilities24021018015012090
Debt1,5671,3862901,5191,5251,528
Derivative instruments and hedges, liabilities10,0906,06211,77823,7987,39114,101
Due to related parties416416420415415415
Other undisclosed current liabilities1,8682,1543,9752,7762,5742,518
Total current liabilities:17,66413,54719,93431,69514,76421,295
Noncurrent Liabilities
Long-term debt and lease obligation:    5959
Operating lease, liability    5959
Other undisclosed noncurrent liabilities628852907620426236
Total noncurrent liabilities:628852907620545354
Total liabilities:18,29214,40020,84132,31615,30921,649
Equity
Equity, attributable to parent(20,360)(16,333)(23,661)(35,183)(17,929)(24,151)
Common stock11279201298
Additional paid in capital31,48529,72910,2999,2829,0969,055
Accumulated other comprehensive loss(2)(2)(1)(1)(1)(1)
Accumulated deficit(51,956)(46,139)(33,979)(44,476)(27,033)(33,212)
Equity, attributable to noncontrolling interest(659)(674)(677)(634)(567)(568)
Other undisclosed equity1,0371,0371,0371,0371,0371,037
Total equity:(19,982)(15,970)(23,301)(34,780)(17,458)(23,681)
Other undisclosed liabilities and equity2,3672,2773,1103,0523,0022,956
TOTAL LIABILITIES AND EQUITY:677706650587853925

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues225183137130217115
Other income22576(9)16217(14)
Cost of revenue(102)(121)(95)(81)(34)(76)
Other undisclosed gross profit (34)   (149) 
Gross profit:896342503539
Operating expenses(558)(581)(500)(767)(530)(571)
Operating loss:(469)(519)(458)(717)(496)(531)
Nonoperating income (expense)(5,333)(11,639)10,912(16,794)6,6761,287
Interest and debt expense(309)(1,681)(99)(373)(99)(101)
Income (loss) from continuing operations before equity method investments, income taxes:(6,111)(13,839)10,355(17,883)6,081654
Other undisclosed income from continuing operations before income taxes   623  
Income (loss) from continuing operations:(6,111)(13,839)10,355(17,261)6,081654
Income (loss) before gain (loss) on sale of properties:(6,111)(13,839)10,355(17,261)6,081654
Other undisclosed net income  19,517   101
Net income (loss):(6,111)5,67810,355(17,261)6,081755
Other undisclosed net income (loss) attributable to parent309(17,836)9917899 
Net income (loss) available to common stockholders, diluted:(5,802)(12,158)10,454(17,083)6,180755

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(6,111)5,67810,355(17,261)6,081755
Other undisclosed comprehensive income (loss)309(17,836)99(250)990
Comprehensive income (loss):(5,802)(12,158)10,454(17,511)6,180755
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(15)(3)4368(1)102
Comprehensive income (loss), net of tax, attributable to parent:(5,817)(12,161)10,497(17,443)6,179858

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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