Omnitek Engineering Corp (OMTK) financial statements (2021 and earlier)

Company profile

Business Address 1333 KEYSTONE WAY
VISTA, CA 92081
State of Incorp. CA
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 20172318106499
Cash and cash equivalents 20172318106499
Receivables 242011354871
Inventory, net of allowances, customer advances and progress billings 1,0221,3601,5551,8702,1072,334
Inventory 1,0221,3601,5551,8702,1072,334
Prepaid expense    564
Deposits current assets 3617222093
Other undisclosed current assets 1313 31  
Total current assets: 1,0821,4151,6071,9812,2873,001
Noncurrent Assets
Property, plant and equipment 227325989
Intangible assets, net (including goodwill)     01
Intangible assets, net (excluding goodwill)     01
Other noncurrent assets 303014141414
Total noncurrent assets: 3233224674104
TOTAL ASSETS: 1,1151,4481,6282,0272,3613,105
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 40936235832514584
Other undisclosed accounts payable and accrued liabilities 40936235832514584
Debt 1510015   
Due to related parties 868666536333197106
Billings in excess of cost30   
Customer advances and deposits21287230346
Other undisclosed current liabilities 239225    
Total current liabilities: 1,5311,3531,152746572536
Noncurrent Liabilities
Liabilities, other than long-term debt 15     
Due to related parties 15     
Total noncurrent liabilities: 15     
Total liabilities: 1,5461,3531,152746572536
Stockholders' equity
Stockholders' equity attributable to parent, including: (431)954771,2811,7892,569
Common stock 8,5278,4278,4118,4118,291 
Common stock, value, subscriptions 20     
Additional paid in capital 11,99811,92311,85211,62111,34711,122
Accumulated deficit (20,976)(20,256)(19,787)(18,751)(17,849)(16,842)
Other undisclosed stockholders' equity attributable to parent      8,290
Total stockholders' equity: (431)954771,2811,7892,569
TOTAL LIABILITIES AND EQUITY: 1,1151,4481,6282,0272,3613,105

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 9641,2861,0741,308551,486
Revenue, net1,0621,2971,7391,444
Cost of revenue (554)(687)(905)(776)(1,032)(868)
Cost of goods and services sold (797)(785)(905)(776)(1,032)(868)
Other undisclosed gross profit (243)(97)  1,73916
Gross profit: 167501169532761633
Operating expenses (867)(926)(1,196)(1,432)(1,770)(2,521)
Operating loss: (700)(425)(1,027)(900)(1,009)(1,887)
Nonoperating income (expense) (20)(42)(9)(1)259
Investment income, nonoperating    0028
Interest and debt expense (20)33(9)(6)(2) 
Loss from continuing operations before equity method investments, income taxes: (740)(435)(1,044)(907)(1,008)(1,828)
Other undisclosed income (loss) from continuing operations before income taxes 20(33)962 
Loss from continuing operations before income taxes: (720)(468)(1,035)(901)(1,006)(1,828)
Income tax expense (1)(1)(1)(1)(1)(1)
Net loss available to common stockholders, diluted: (720)(468)(1,036)(901)(1,007)(1,829)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss: (720)(468)(1,036)(901)(1,007)(1,829)
Comprehensive loss, net of tax, attributable to parent: (720)(468)(1,036)(901)(1,007)(1,829)

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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