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 5911,4995852,4187,7521,083
Cash and cash equivalents 5911,4995852,4187,7521,083
Receivables 1,1161,2231,6422,9313,5531,151
Inventory, net of allowances, customer advances and progress billings, including: 5605135096606092,219
Inventory 5605135096606092,716
Other undisclosed inventory, net of allowances, customer advances and progress billings      (496)
Prepaid expense      4
Other undisclosed current assets 107316171211199654
Total current assets: 2,3753,5522,9086,22012,1135,112
Noncurrent Assets
Finance lease, right-of-use asset 7961,107
Inventory, real estate  1,808    
Property, plant and equipment 1,8872,0822,3982,7292,5691,243
Intangible assets, net (including goodwill)  2,532  53118
Intangible assets, net (excluding goodwill)  2,532  53118
Regulated entity, other noncurrent assets  (5,243)   (1,714)
Deferred costs    172642897
Deferred tax assets, net  500 
Other undisclosed noncurrent assets 2,3193,4352,7342,935 1,660
Total noncurrent assets: 5,0025,7215,1315,8363,7652,204
TOTAL ASSETS: 7,3769,2738,03912,05615,8787,315
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 8491,6771,8581,7964,3641,235
Employee-related liabilities 849     
Other undisclosed accounts payable and accrued liabilities  1,6771,8581,7964,3641,235
Debt 4434376361392,497
Deferred compensation liability  357556   
Deferred revenue and credits684590937
Other undisclosed current liabilities 2,0671,3832644,0391,5002,282
Total current liabilities: 3,3593,8542,7426,5806,4936,951
Noncurrent Liabilities
Long-term debt and lease obligation 4,45116,936168168143111
Long-term debt, excluding current maturities 4,05616,128168168143111
Operating lease, liability 395807
Liabilities, other than long-term debt 299     
Due to related parties 299     
Other undisclosed noncurrent liabilities 12,471(2,643)13,7519,73314,21313,199
Total noncurrent liabilities: 17,22114,29313,9189,90114,35613,310
Total liabilities: 20,58018,14716,66016,48120,84920,260
Stockholders' equity
Stockholders' equity attributable to parent (13,204)(8,874)(8,621)(4,425)(4,971)(12,945)
Common stock 787776767447
Additional paid in capital 50,20248,70842,78642,16649,83825,008
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: 7,3769,2738,03912,05615,8787,315

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 8,15811,41712,29627,49932,34612,632
Revenue, net26,70529,6465,028
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: 847881,2328,4829,315(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)112,058(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 412,523    
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.

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