Coil Tubing Technology, Inc. (CTBG) financial statements (2020 and earlier)

Company profile

Business Address 22305 GOSLING ROAD
SPRING, TX 77389
State of Incorp. FL
Fiscal Year End December 31
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)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2809021,153
Cash and cash equivalents1,2809021,153
Receivables2,1021,8751,827
Intangible current assets91
Prepaid expense and other current assets57
Other current assets194112
Other undisclosed current assets(91)  
Total current assets:3,5762,8893,038
Noncurrent Assets
Property, plant and equipment1,5751,500534
Intangible assets, net (including goodwill)4,6029531,033
Intangible assets, net (excluding goodwill)4,6029531,033
Other undisclosed noncurrent assets2,3253,0343,687
Total noncurrent assets:8,5025,4875,254
TOTAL ASSETS:12,0788,3768,291
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities539441481
Accounts payable450332407
Accrued liabilities8910973
Debt999147
Due to related parties91  
Other undisclosed current liabilities39156156
Total current liabilities:768688684
Noncurrent Liabilities
Long-term debt and lease obligation4,623890404
Long-term debt, excluding current maturities4,623890404
Liabilities, other than long-term debt3,750  
Due to related parties3,750  
Other undisclosed noncurrent liabilities(3,750)0 
Total noncurrent liabilities:4,623890404
Total liabilities:5,3911,5781,087
Stockholders' equity
Stockholders' equity attributable to parent, including:6,6876,7987,204
Common stock161616
Additional paid in capital10,0479,8419,381
Accumulated deficit(3,376)(3,060)(2,194)
Other undisclosed stockholders' equity attributable to parent 11
Total stockholders' equity:6,6876,7987,204
TOTAL LIABILITIES AND EQUITY:12,0788,3768,291

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

12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
6,8666,1437,765
Cost of revenue(3,536)(3,276)(3,420)
Cost of goods and services sold(3,536)(3,276)(2,432)
Gross profit:3,3302,8674,345
Operating expenses(3,614)(3,701)(3,576)
Operating income (loss):(284)(834)769
Nonoperating expense
(Other Nonoperating expense)
(32)(32)(17)
Net income (loss) available to common stockholders, diluted:(316)(866)752

Comprehensive Income ($ in thousands)

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 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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