Midwest Energy Emissions Corp. (MEEC) financial statements (2022 and earlier)
Company profile
| Business Address |
1810 JESTER DRIVE CORSICANA, TX 75109 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 9/30/2021 TTM | 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 investments | 591 | 1,499 | 585 | 2,418 | 7,752 | 1,083 | |||
| Cash and cash equivalents | 591 | 1,499 | 585 | 2,418 | 7,752 | 1,083 | |||
| Receivables | 1,116 | 1,223 | 1,642 | 2,931 | 3,553 | 1,151 | |||
| Inventory, net of allowances, customer advances and progress billings, including: | 560 | 513 | 509 | 660 | 609 | 2,219 | |||
| Inventory | 560 | 513 | 509 | 660 | 609 | 2,716 | |||
| Other undisclosed inventory, net of allowances, customer advances and progress billings | (496) | ||||||||
| Prepaid expense | 4 | ||||||||
| Other undisclosed current assets | 107 | 316 | 171 | 211 | 199 | 654 | |||
| Total current assets: | 2,375 | 3,552 | 2,908 | 6,220 | 12,113 | 5,112 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 796 | 1,107 | ✕ | ✕ | ✕ | ✕ | |||
| Inventory, real estate | 1,808 | ||||||||
| Property, plant and equipment | 1,887 | 2,082 | 2,398 | 2,729 | 2,569 | 1,243 | |||
| Intangible assets, net (including goodwill) | 2,532 | 53 | 118 | ||||||
| Intangible assets, net (excluding goodwill) | 2,532 | 53 | 118 | ||||||
| Regulated entity, other noncurrent assets | (5,243) | (1,714) | |||||||
| Deferred costs | 172 | 642 | 897 | ||||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 500 | |||||
| Other undisclosed noncurrent assets | 2,319 | 3,435 | 2,734 | 2,935 | 1,660 | ||||
| Total noncurrent assets: | 5,002 | 5,721 | 5,131 | 5,836 | 3,765 | 2,204 | |||
| TOTAL ASSETS: | 7,376 | 9,273 | 8,039 | 12,056 | 15,878 | 7,315 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 849 | 1,677 | 1,858 | 1,796 | 4,364 | 1,235 | |||
| Employee-related liabilities | 849 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 1,677 | 1,858 | 1,796 | 4,364 | 1,235 | ||||
| Debt | 443 | 437 | 63 | 61 | 39 | 2,497 | |||
| Deferred compensation liability | 357 | 556 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 684 | 590 | 937 | ||
| Other undisclosed current liabilities | 2,067 | 1,383 | 264 | 4,039 | 1,500 | 2,282 | |||
| Total current liabilities: | 3,359 | 3,854 | 2,742 | 6,580 | 6,493 | 6,951 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,451 | 16,936 | 168 | 168 | 143 | 111 | |||
| Long-term debt, excluding current maturities | 4,056 | 16,128 | 168 | 168 | 143 | 111 | |||
| Operating lease, liability | 395 | 807 | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 299 | ||||||||
| Due to related parties | 299 | ||||||||
| Other undisclosed noncurrent liabilities | 12,471 | (2,643) | 13,751 | 9,733 | 14,213 | 13,199 | |||
| Total noncurrent liabilities: | 17,221 | 14,293 | 13,918 | 9,901 | 14,356 | 13,310 | |||
| Total liabilities: | 20,580 | 18,147 | 16,660 | 16,481 | 20,849 | 20,260 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (13,204) | (8,874) | (8,621) | (4,425) | (4,971) | (12,945) | |||
| Common stock | 78 | 77 | 76 | 76 | 74 | 47 | |||
| Additional paid in capital | 50,202 | 48,708 | 42,786 | 42,166 | 49,838 | 25,008 | |||
| Accumulated deficit | (63,484) | (57,658) | (51,483) | (46,667) | (54,883) | (38,000) | |||
| Total stockholders' equity: | (13,204) | (8,874) | (8,621) | (4,425) | (4,971) | (12,945) | |||
| TOTAL LIABILITIES AND EQUITY: | 7,376 | 9,273 | 8,039 | 12,056 | 15,878 | 7,315 | |||
Income statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 8,158 | 11,417 | 12,296 | 27,499 | 32,346 | 12,632 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 26,705 | 29,646 | 5,028 | |
| Cost of revenue | (8,074) | (10,629) | (11,064) | (19,017) | (23,030) | (14,508) | ||
| Cost of goods and services sold | (5,440) | (8,335) | (9,148) | (19,017) | (23,030) | (8,935) | ||
| Gross profit: | 84 | 788 | 1,232 | 8,482 | 9,315 | (1,877) | ||
| Operating expenses | (5,900) | (6,871) | (6,026) | (8,471) | (7,257) | (1,812) | ||
| Operating income (loss): | (5,816) | (6,083) | (4,795) | 11 | 2,058 | (3,689) | ||
| Interest and debt expense | (41) | (2,523) | (2,019) | (153) | 407 | (670) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 41 | 2,523 | ||||||
| Income (loss) from continuing operations before income taxes: | (5,816) | (6,083) | (6,814) | (142) | 2,464 | (4,359) | ||
| Income tax expense (benefit) | (10) | 14 | (22) | (540) | (41) | |||
| Income (loss) before gain (loss) on sale of properties: | (5,826) | (6,069) | (6,836) | (683) | 2,464 | (4,400) | ||
| Other undisclosed net loss | (28) | |||||||
| Net income (loss): | (5,826) | (6,097) | (6,836) | (683) | 2,464 | (4,400) | ||
| Other undisclosed net income (loss) attributable to parent | 2,019 | (2,221) | (19,347) | (9,861) | ||||
| Net loss available to common stockholders, diluted: | (5,826) | (6,097) | (4,817) | (2,903) | (16,883) | (14,262) | ||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (5,826) | (6,097) | (6,836) | (683) | 2,464 | (4,400) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (5,826) | (6,097) | (6,836) | (683) | 2,464 | (4,400) | ||
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.