12 Retech Corporation (RETC) financial statements (2021 and earlier)

Company profile

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

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11940265385138
Cash and cash equivalents11940265385138
Receivables1322728916263
Inventory, net of allowances, customer advances and progress billings242 26262319 
Inventory242 26262319 
Prepaid expense881229528
Other current assets  12192121
Other undisclosed current assets(0)      
Total current assets:50075947110111971
Noncurrent Assets
Operating lease, right-of-use asset303   
Property, plant and equipment348156164156983141
Intangible assets, net (including goodwill) 875875880 551274
Goodwill 875875880 551274
Other noncurrent assets179      
Other undisclosed noncurrent assets611212509384190137
Total noncurrent assets:8911,0431,0511,546482772452
TOTAL ASSETS:1,3911,1181,1441,617583892524
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,1679241,7451,6391,235965682
Accounts payable1,250308464282379546324
Accrued liabilities549453509642496331298
Employee-related liabilities1117480439206  
Interest and dividends payable192157122103798861
Other undisclosed accounts payable and accrued liabilities66 17017374  
Debt82431164161158158150
Derivative instruments and hedges, liabilities5,35914,4949,3654,3932,6961,735 
Due to related parties384121926797766558715
Other undisclosed current liabilities3,5514,8514,4901,6361,570871886
Total current liabilities:12,28620,42116,6918,6266,4264,2872,433
Noncurrent Liabilities
Long-term debt and lease obligation59      
Operating lease, liability59   
Total noncurrent liabilities:59      
Total liabilities:12,34620,42116,6918,6266,4264,2872,433
Temporary equity, carrying amount    945992 
Stockholders' equity
Stockholders' equity attributable to parent, including:(13,792)(19,303)(15,547)(7,009)(5,843)(4,388)(1,909)
Common stock002010721
Common stock, share subscribed but unissued, subscriptions receivable     (68)(320)
Additional paid in capital8,3426,5815,2495,0745,3313,4683,541
Accumulated other comprehensive income (loss)(2)(2)(10)21 7
Accumulated deficit(22,756)(26,661)(21,591)(12,884)(11,181)(7,790)(5,138)
Other undisclosed stockholders' equity attributable to parent625779785789000
Other undisclosed stockholders' equity2,838   (945)  
Total stockholders' equity:(10,954)(19,303)(15,547)(7,009)(6,787)(4,388)(1,909)
TOTAL LIABILITIES AND EQUITY:1,3911,1181,1441,617583892524

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues5941,027238221194817
Loss on disposition of assets for financial service operations    (723)  
Other income 1,027075(0) 
Cost of revenue(696)(113)(165)(148)(24)(27)(0)
Other undisclosed gross profit410(862)     
Gross profit:308537373(5)2117
Operating expenses(1,524)(617)(586)(722)(618)(938)(1,035)
Other undisclosed operating income      2,038
Operating income (loss):(1,216)(564)(514)(649)(623)(917)1,019
Nonoperating income (expense)4,560(4,512)(8,197)(1,055)(2,813)(852)(696)
Debt instrument, convertible, beneficial conversion feature     183774
Interest and debt expense(586)(2,196)(5,353)(352)(384)(50)(642)
Income (loss) from continuing operations before equity method investments, income taxes:2,758(7,273)(14,063)(2,056)(3,819)(1,818)(319)
Other undisclosed income from continuing operations before income taxes1,260   1,370  
Net income (loss):4,018(7,273)(14,063)(2,056)(2,449)(1,818)(319)
Other undisclosed net income (loss) attributable to parent(674)2,1965,353352(986)50(1,396)
Net income (loss) attributable to parent:3,344(5,076)(8,711)(1,704)(3,435)(1,769)(1,714)
Preferred stock dividends and other adjustments      (140)
Net income (loss) available to common stockholders, diluted:3,344(5,076)(8,711)(1,704)(3,435)(1,769)(1,854)

Comprehensive Income ($ in thousands)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):4,018(7,273)(14,063)(2,056)(2,449)(1,818)(319)
Other undisclosed comprehensive income (loss)(113)2,2105,341353   
Comprehensive income (loss):3,905(5,062)(8,723)(1,703)(2,449)(1,818)(319)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(561)(6)(4)0   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  9(0)(992)50(1,376)
Comprehensive income (loss), net of tax, attributable to parent:3,344(5,068)(8,718)(1,703)(3,441)(1,769)(1,695)

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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