ClearSign Technologies Corporation (CLIR) Financial Statements (2024 and earlier)

Company Profile

Business Address 8023 E. 63RD PLACE, SUITE 101
TULSA, OK 74133
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3823 - Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products (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 investments9,0577,6078,8248,55215,8721,247
Cash and cash equivalents6,4517,6078,8248,5528,9491,247
Short-term investments 2,606   6,923 
Receivables7933    
Prepaid expense  345    
Contract with customer, asset, after allowance for credit loss2039923939
Costs in excess of billings184
Other undisclosed current assets577 466391500366
Total current assets:9,7338,0249,3828,98216,4111,797
Noncurrent Assets
Property, plant and equipment384530 665457498
Intangible assets, net (including goodwill)7987991,3021,2851,7591,856
Intangible assets, net (excluding goodwill)7987991,3021,2851,7591,856
Other noncurrent assets101010101010
Other undisclosed noncurrent assets   427   
Total noncurrent assets:1,1921,3391,7391,9602,2262,364
TOTAL ASSETS:10,9259,36311,12110,94218,6374,161
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7674428171,0711,4211,375
Accounts payable2962244358451,080768
Accrued liabilities471218382226341607
Deferred revenue247849450
Other undisclosed current liabilities133205169177216159
Total current liabilities:1,1477311,0801,2981,6371,534
Noncurrent Liabilities
Long-term debt and lease obligation  35050041891195
Long-term debt, excluding current maturities   251   
Capital lease obligations91195
Liabilities, other than long-term debt226     
Operating lease, liability226350249418
Other undisclosed noncurrent liabilities  (350)(249)   
Total noncurrent liabilities:22635050041891195
Total liabilities:1,3731,0811,5801,7161,7281,729
Equity
Equity, attributable to parent9,5528,2829,5409,22316,9092,432
Common stock433332
Additional paid in capital98,07991,03584,41177,21076,41752,441
Accumulated other comprehensive income (loss)(8)9    
Accumulated deficit(88,523)(82,765)(74,874)(67,990)(59,511)(50,011)
Equity, attributable to noncontrolling interest   13  
Total equity:9,5528,2829,5419,22616,9092,432
TOTAL LIABILITIES AND EQUITY:10,9259,36311,12110,94218,6374,161

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
Revenues37460744 530540
Other income  25244   
Cost of revenue(258)(1,059)(279)(1)(427)(380)
Cost of goods and services sold(258)(1,059)(279)(1) (336)
Other undisclosed gross profit   (44)   
Gross profit:116(452)(279)(1)103160
Operating expenses(6,233)(7,693)(6,653)(8,582)(9,674)(9,872)
Operating loss:(6,117)(8,145)(6,932)(8,583)(9,571)(9,712)
Nonoperating income359121017132
Investment income, nonoperating  121017132
Other nonoperating income6     
Loss from continuing operations:(5,758)(8,144)(6,930)(8,482)(9,500)(9,680)
Loss before gain (loss) on sale of properties:(8,144)(6,930)(8,482)(9,500)(9,680)
Other undisclosed net income  25244   
Net loss:(5,758)(7,892)(6,886)(8,482)(9,500)(9,680)
Net income attributable to noncontrolling interest  1 3  
Other undisclosed net income attributable to parent   2   
Net loss available to common stockholders, diluted:(5,758)(7,891)(6,884)(8,479)(9,500)(9,680)

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 loss:(5,758)(7,892)(6,886)(8,482)(9,500)(9,680)
Comprehensive loss:(5,758)(7,892)(6,886)(8,482)(9,500)(9,680)
Comprehensive income, net of tax, attributable to noncontrolling interest  1 3  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(17)8    
Comprehensive loss, net of tax, attributable to parent:(5,775)(7,883)(6,886)(8,479)(9,500)(9,680)

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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