ClearSign Technologies Corporation (CLIR) financial statements (2022 and earlier)

Company profile

Business Address 8023 E. 63RD PLACE, SUITE 101
TULSA, OK 74133
State of Incorp. WA
Fiscal Year End December 31
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,6078,8248,55215,8721,2471,25910,985
Cash and cash equivalents7,6078,8248,5528,9491,2471,25910,985
Short-term investments   6,923   
Receivables33    103 
Prepaid expense345    535203
Contract with customer, asset39923939
Costs in excess of billings184  
Other undisclosed current assets 466391500366  
Total current assets:8,0249,3828,98216,4111,7971,89711,188
Noncurrent Assets
Property, plant and equipment530 665457498144123
Intangible assets, net (including goodwill)7991,3021,2851,7591,8561,7352,881
Intangible assets, net (excluding goodwill)7991,3021,2851,7591,8561,7352,881
Other noncurrent assets10101010101010
Other undisclosed noncurrent assets 427     
Total noncurrent assets:1,3391,7391,9602,2262,3641,8893,014
TOTAL ASSETS:9,36311,12110,94218,6374,1613,78614,202
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4428171,0711,4211,3751,4241,604
Accounts payable2244358451,080768755495
Accrued liabilities2183822263416076691,109
Deferred revenue849450
Deferred revenue and credits 320
Billings in excess of cost 115 
Other undisclosed current liabilities205169177216159  
Total current liabilities:7311,0801,2981,6371,5341,5421,624
Noncurrent Liabilities
Long-term debt and lease obligation35050041891195  
Long-term debt, excluding current maturities 251     
Capital lease obligations91195  
Operating lease, liability350249418
Other undisclosed noncurrent liabilities(350)(249)     
Total noncurrent liabilities:35050041891195  
Total liabilities:1,0811,5801,7161,7281,7291,5421,624
Stockholders' equity
Stockholders' equity attributable to parent8,2829,5409,22316,9092,4322,24412,578
Common stock3333211
Additional paid in capital91,03584,41177,21076,41752,44142,57441,735
Accumulated other comprehensive income9      
Accumulated deficit(82,765)(74,874)(67,990)(59,511)(50,011)(40,331)(29,158)
Stockholders' equity attributable to noncontrolling interest 13    
Total stockholders' equity:8,2829,5419,22616,9092,4322,24412,578
TOTAL LIABILITIES AND EQUITY:9,36311,12110,94218,6374,1613,78614,202

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues60744 53054062161
Other income25244     
Cost of revenue(1,059)(279)(1)(427)(380)(485)(50)
Cost of goods and services sold(1,059)(279)(1) (336)  
Other undisclosed gross profit (44)     
Gross profit:(452)(279)(1)10316013611
Operating expenses(7,693)(6,653)(8,582)(9,674)(9,872)(11,341)(7,953)
Operating loss:(8,145)(6,932)(8,583)(9,571)(9,712)(11,205)(7,942)
Nonoperating income
(Investment Income, Nonoperating)
1210171323244
Loss before gain (loss) on sale of properties:(8,144)(6,930)(8,482)(9,500)(9,680)(11,173)(7,898)
Other undisclosed net income25244     
Net loss:(7,892)(6,886)(8,482)(9,500)(9,680)(11,173)(7,898)
Net income attributable to noncontrolling interest1 3    
Other undisclosed net income attributable to parent 2     
Net loss available to common stockholders, diluted:(7,891)(6,884)(8,479)(9,500)(9,680)(11,173)(7,898)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(7,892)(6,886)(8,482)(9,500)(9,680)(11,173)(7,898)
Comprehensive loss:(7,892)(6,886)(8,482)(9,500)(9,680)(11,173)(7,898)
Comprehensive income, net of tax, attributable to noncontrolling interest1 3    
Other undisclosed comprehensive income, net of tax, attributable to parent8      
Comprehensive loss, net of tax, attributable to parent:(7,883)(6,886)(8,479)(9,500)(9,680)(11,173)(7,898)

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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