Coil Tubing Technology, Inc. (CTBG) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
22305 GOSLING ROAD SPRING, TX 77389 |
| State of Incorp. | FL |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3533 - Oil and Gas Field Machinery and Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2015 MRQ | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 1,280 | 902 | 1,153 | |||
| Cash and cash equivalents | 1,280 | 902 | 1,153 | |||
| Receivables | 2,102 | 1,875 | 1,827 | |||
| Intangible current assets | 91 | ✕ | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 57 | ||
| Other current assets | 194 | 112 | ✕ | |||
| Other undisclosed current assets | (91) | |||||
| Total current assets: | 3,576 | 2,889 | 3,038 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 1,575 | 1,500 | 534 | |||
| Intangible assets, net (including goodwill) | 4,602 | 953 | 1,033 | |||
| Intangible assets, net (excluding goodwill) | 4,602 | 953 | 1,033 | |||
| Other undisclosed noncurrent assets | 2,325 | 3,034 | 3,687 | |||
| Total noncurrent assets: | 8,502 | 5,487 | 5,254 | |||
| TOTAL ASSETS: | 12,078 | 8,376 | 8,291 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 539 | 441 | 481 | |||
| Accounts payable | 450 | 332 | 407 | |||
| Accrued liabilities | 89 | 109 | 73 | |||
| Debt | 99 | 91 | 47 | |||
| Due to related parties | 91 | |||||
| Other undisclosed current liabilities | 39 | 156 | 156 | |||
| Total current liabilities: | 768 | 688 | 684 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 4,623 | 890 | 404 | |||
| Long-term debt, excluding current maturities | 4,623 | 890 | 404 | |||
| Liabilities, other than long-term debt | 3,750 | |||||
| Due to related parties | 3,750 | |||||
| Other undisclosed noncurrent liabilities | (3,750) | 0 | ||||
| Total noncurrent liabilities: | 4,623 | 890 | 404 | |||
| Total liabilities: | 5,391 | 1,578 | 1,087 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 6,687 | 6,798 | 7,204 | |||
| Common stock | 16 | 16 | 16 | |||
| Additional paid in capital | 10,047 | 9,841 | 9,381 | |||
| Accumulated deficit | (3,376) | (3,060) | (2,194) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | ||||
| Total equity: | 6,687 | 6,798 | 7,204 | |||
| TOTAL LIABILITIES AND EQUITY: | 12,078 | 8,376 | 8,291 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 6,866 | 6,143 | 7,765 | ||
| Cost of revenue | (3,536) | (3,276) | (3,420) | ||
| Cost of goods and services sold | (3,536) | (3,276) | (2,432) | ||
| Gross profit: | 3,330 | 2,867 | 4,345 | ||
| Operating expenses | (3,614) | (3,701) | (3,576) | ||
| Operating income (loss): | (284) | (834) | 769 | ||
| Nonoperating expense (Other Nonoperating expense) | (32) | (32) | (17) | ||
| Income (loss) from continuing operations: | (316) | (866) | 752 | ||
| Income (loss) before gain (loss) on sale of properties: | (316) | (866) | 752 | ||
| Net income (loss) available to common stockholders, diluted: | (316) | (866) | 752 | ||
Comprehensive Income ($ in thousands)
| 9/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net income (loss): | (316) | (866) | 752 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (316) | (866) | 752 | ||
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.