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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1723181064991,975
Cash and cash equivalents 1723181064991,058
Short-term investments      917
Receivables 201135487138
Inventory, net of allowances, customer advances and progress billings 1,3601,5551,8702,1072,3342,226
Inventory 1,3601,5551,8702,1072,3342,226
Prepaid expense   564 
Deposits current assets 61722209363
Prepaid expense and other current assets21
Other undisclosed current assets 13 31  33
Total current assets: 1,4151,6071,9812,2873,0014,357
Noncurrent Assets
Property, plant and equipment 27325989118
Intangible assets, net (including goodwill)    013
Intangible assets, net (excluding goodwill)    013
Other noncurrent assets 3014141414 
Total noncurrent assets: 33224674104121
TOTAL ASSETS: 1,4481,6282,0272,3613,1054,478
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 3623583251458492
Other undisclosed accounts payable and accrued liabilities 3623583251458492
Debt 10015    
Due to related parties 666536333197106 
Billings in excess of cost30    
Customer advances and deposits21287230346
Other undisclosed current liabilities 225    413
Total current liabilities: 1,3531,152746572536505
Noncurrent Liabilities
Total liabilities: 1,3531,152746572536505
Stockholders' equity
Stockholders' equity attributable to parent, including: 954771,2811,7892,5693,974
Common stock 8,4278,4118,4118,291  
Additional paid in capital 11,92311,85211,62111,34711,1225,182
Accumulated deficit (20,256)(19,787)(18,751)(17,849)(16,842)(9,409)
Other undisclosed stockholders' equity attributable to parent     8,2908,201
Total stockholders' equity: 954771,2811,7892,5693,974
TOTAL LIABILITIES AND EQUITY: 1,4481,6282,0272,3613,1054,478

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 1,2861,0741,308551,4861,053
Revenue, net1,0621,2971,7391,444 
Cost of revenue (687)(905)(776)(1,032)(868)(714)
Cost of goods and services sold (785)(905)(776)(1,032)(868)(714)
Other undisclosed gross profit (97)  1,7391610
Gross profit: 501169532761633349
Operating expenses (926)(1,196)(1,432)(1,770)(2,521)(2,027)
Operating loss: (425)(1,027)(900)(1,009)(1,887)(1,678)
Nonoperating income (expense) (42)(9)(1)25965
Investment income, nonoperating   002830
Interest and debt expense 33(9)(6)(2) (0)
Loss from continuing operations before equity method investments, income taxes: (435)(1,044)(907)(1,008)(1,828)(1,613)
Other undisclosed income (loss) from continuing operations before income taxes (33)962 0
Loss from continuing operations before income taxes: (468)(1,035)(901)(1,006)(1,828)(1,613)
Income tax expense (1)(1)(1)(1)(1)(1)
Net loss available to common stockholders, diluted: (468)(1,036)(901)(1,007)(1,829)(1,614)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss: (468)(1,036)(901)(1,007)(1,829)(1,614)
Comprehensive loss, net of tax, attributable to parent: (468)(1,036)(901)(1,007)(1,829)(1,614)

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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