C-Bond Systems, Inc (CBNT) Financial Statements (2024 and earlier)

Company Profile

Business Address 6035 SOUTH LOOP EAST
HOUSTON, TX 77033
State of Incorp. CO
Fiscal Year End December 31
Industry (SIC) 6799 - Investors, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments975203237712984
Cash and cash equivalents975203237712984
Receivables      
Inventory, net of allowances, customer advances and progress billings778377159 
Inventory778377159 
Prepaid expense 119104   2
Capitalized contract cost 083   
Deferred costs (73)(22)    
Other undisclosed current assets294247136171123 
Total current assets:5151,01453726326086
Noncurrent Assets
Operating lease, right-of-use asset 3752512270
Property, plant and equipment 961351933571
Intangible assets, net (including goodwill) 630681    
Goodwill 350350    
Intangible assets, net (excluding goodwill) 280330    
Deposits noncurrent assets 66779 
Other noncurrent assets      
Total noncurrent assets:1,1091,07448110661
Other undisclosed assets      157
TOTAL ASSETS:1,6242,088584372326244
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5161,9601,4071,22574219
Employee-related liabilities692426352188 
Accounts payable780832795747507 
Accrued liabilities7364371871274619
Deferred revenue    
Debt27954554395  
Due to related parties25095   1
Other undisclosed current liabilities2,82076 1,379400 
Total current liabilities:4,8652,6761,9512,6991,14219
Noncurrent Liabilities
Long-term debt and lease obligation71874635182  
Long-term debt, excluding current maturities45953935160  
Finance lease, liability 259206  
Liabilities, other than long-term debt      
Operating lease, liability   22
Other undisclosed noncurrent liabilities 251     
Total noncurrent liabilities:96974635182  
Total liabilities:5,8343,4211,9862,8811,14219
Temporary equity, carrying amount 1,037739429108  
Equity
Equity, attributable to parent(7,201)(4,168)(3,167)(2,617)(815)225
Preferred stock      9
Common stock35028222811780 
Additional paid in capital55,14253,06542,57337,26631,864367
Accumulated deficit(62,693)(57,515)(45,969)(40,000)(32,759)(151)
Equity, attributable to noncontrolling interest151189    
Other undisclosed equity   1,336   
Total equity:(7,051)(3,979)(1,831)(2,617)(815)225
Other undisclosed liabilities and equity1,8041,907    
TOTAL LIABILITIES AND EQUITY:1,6242,088584372326244

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,2331,477556603382 
Cost of revenue(954)(657)(243)(122)(83) 
Gross profit:1,278820313481299 
Operating expenses(4,471)(7,830)(4,790)(6,839)(9,567)(57)
Other undisclosed operating income      
Operating income (loss):(3,192)(7,010)(4,477)(6,359)(9,268)(57)
Nonoperating income (expense) (119)43(882)(637)0
Investment income, nonoperating      0
Other nonoperating income  687   
Interest and debt expense(1,954)(187)12731(383) 
Income (loss) from continuing operations before income taxes:(5,146)(7,315)(4,308)(7,210)(10,288)(57)
Income tax expense (benefit)  1,497(111)(274)  
Income (loss) from continuing operations:(5,146)(5,818)(4,418)(7,483)(10,288)(57)
Loss before gain (loss) on sale of properties:(5,818)(4,418)(7,483)(10,288)(57)
Other undisclosed net income (loss)(10)(1,311)(16)243  
Net income (loss):(5,156)(7,129)(4,434)(7,241)(10,288)(57)
Net income (loss) attributable to noncontrolling interest39(16)    
Other undisclosed net income attributable to parent  16  383 
Net income (loss) attributable to parent:(5,118)(7,129)(4,434)(7,241)(9,905)(57)
Preferred stock dividends and other adjustments(60)(4,402)(1,534)   
Other undisclosed net loss available to common stockholders, basic (16)    
Net income (loss) available to common stockholders, basic:(5,178)(11,546)(5,969)(7,241)(9,905)(57)
Interest on convertible debt      
Other undisclosed net loss available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:(5,178)(11,546)(5,969)(7,241)(9,905)(57)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(5,156)(7,129)(4,434)(7,241)(10,288)(57)
Comprehensive income (loss):(5,156)(7,129)(4,434)(7,241)(10,288)(57)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest39(16)    
Comprehensive income (loss), net of tax, attributable to parent:(5,118)(7,144)(4,434)(7,241)(10,288)(57)

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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