374Water Inc. (SCWO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
701 W. MAIN STREET DURHAM, NC 27701 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3621 - Motors and Generators (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 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 investments | 10,445 | 4,047 | 11,131 | 95 | 20 | 8 | |||
| Cash and cash equivalents | 10,445 | 4,047 | 11,131 | 95 | 20 | 8 | |||
| Receivables | 1,559 | ||||||||
| Inventory, net of allowances, customer advances and progress billings | 2,277 | 1,661 | |||||||
| Inventory | 2,277 | 1,661 | |||||||
| Prepaid expense | 581 | 153 | 218 | 22 | 11 | 11 | |||
| Other undisclosed current assets | 40 | 2,863 | 13 | 6 | 10 | ||||
| Total current assets: | 14,902 | 8,724 | 11,350 | 130 | 37 | 29 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 231 | 143 | 1 | (108) | 1 | ||||
| Intangible assets, net (including goodwill) | 988 | 1,050 | 1,063 | (108) | 74 | ||||
| Intangible assets, net (excluding goodwill) | 988 | 1,050 | 1,063 | (108) | 74 | ||||
| Regulated entity, other noncurrent assets | 7 | 19 | |||||||
| Other undisclosed noncurrent assets | 0 | 197 | 0 | ||||||
| Total noncurrent assets: | 1,219 | 1,193 | 1,064 | 7 | 75 | ||||
| TOTAL ASSETS: | 16,121 | 9,917 | 12,413 | 137 | 37 | 104 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 572 | 1,450 | 63 | 76 | 101 | 39 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 0 | |||||
| Accrued liabilities | 635 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | (63) | 1,450 | 63 | 76 | 101 | 39 | |||
| Deferred revenue | 130 | 200 | ✕ | ||||||
| Debt | 97 | ||||||||
| Provision for loss on contracts | |||||||||
| Other liabilities | |||||||||
| Other undisclosed current liabilities | 672 | 14 | 23 | 194 | |||||
| Total current liabilities: | 1,374 | 1,663 | 86 | 368 | 101 | 39 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 204 | ||||||||
| Long-term debt, excluding current maturities | 204 | ||||||||
| Other undisclosed noncurrent liabilities | 21 | 306 | |||||||
| Total noncurrent liabilities: | 224 | 306 | |||||||
| Total liabilities: | 1,374 | 1,663 | 86 | 592 | 407 | 39 | |||
| Equity | |||||||||
| Equity, attributable to parent | 14,747 | 8,254 | 12,327 | (462) | (370) | 65 | |||
| Preferred stock | 0 | ||||||||
| Common stock | 13 | 13 | 13 | 4 | 4 | 4 | |||
| Treasury stock, value | (791) | (491) | (491) | ||||||
| Additional paid in capital | 30,685 | 16,110 | 15,475 | 13,432 | 12,690 | 12,610 | |||
| Accumulated other comprehensive income (loss) | 2 | (19) | |||||||
| Accumulated deficit | (15,954) | (7,850) | (3,160) | (13,106) | (12,573) | (12,058) | |||
| Total equity: | 14,747 | 8,254 | 12,327 | (462) | (370) | 65 | |||
| TOTAL LIABILITIES AND EQUITY: | 16,121 | 9,917 | 12,413 | 130 | 37 | 104 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 744 | 3,016 | 48 | 40 | 24 | 190 | ||
| Net investment income | 447 | 67 | 1 | |||||
| Cost of revenue | (1,852) | (2,679) | (43) | |||||
| Cost of goods and services sold | (1,318) | (43) | ||||||
| Gross profit: | (1,108) | 337 | 5 | 40 | 24 | 190 | ||
| Operating expenses | (7,535) | (5,093) | (3,214) | (438) | (436) | (870) | ||
| Other undisclosed operating income | 43 | |||||||
| Operating loss: | (8,643) | (4,756) | (3,166) | (398) | (412) | (680) | ||
| Nonoperating income (expense) | 539 | 66 | 1 | (135) | (102) | 1 | ||
| Investment income, nonoperating | 2 | |||||||
| Debt instrument, convertible, beneficial conversion feature | 713 | |||||||
| Other nonoperating income | ||||||||
| Interest and debt expense | (135) | (33) | (1) | |||||
| Loss from continuing operations before equity method investments, income taxes: | (8,104) | (4,690) | (3,165) | (669) | (548) | (680) | ||
| Other undisclosed income from continuing operations before income taxes | 135 | 33 | 1 | |||||
| Loss from continuing operations: | (8,104) | (4,690) | (3,165) | (534) | (515) | (679) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (3,165) | (534) | (515) | (679) | |
| Other undisclosed net income | 16,207 | |||||||
| Net income (loss): | 8,104 | (4,690) | (3,165) | (534) | (515) | (679) | ||
| Other undisclosed net loss attributable to parent | (16,207) | |||||||
| Net loss available to common stockholders, diluted: | (8,104) | (4,690) | (3,165) | (534) | (515) | (679) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 8,104 | (4,690) | (3,165) | (534) | (515) | (679) | ||
| Other comprehensive income (loss) | 3 | (19) | ||||||
| Comprehensive income (loss): | 8,106 | (4,709) | (3,165) | (534) | (515) | (679) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (16,207) | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (8,101) | (4,709) | (3,165) | (534) | (515) | (679) | ||
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.