Omnitek Engineering Corp (OMTK) financial statements (2022 and earlier)

Company profile

Business Address 1345 SPECIALTY DR.
VISTA, CA 92081
State of Incorp.
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)

9/30/2021
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 6120172318106
Cash and cash equivalents 6120172318106
Receivables 272420113548
Inventory, net of allowances, customer advances and progress billings 8221,0221,3601,5551,8702,107
Inventory 8221,0221,3601,5551,8702,107
Prepaid expense     56
Deposits current assets 3936172220
Other undisclosed current assets 131313 31 
Total current assets: 9611,0821,4151,6071,9812,287
Noncurrent Assets
Property, plant and equipment 12273259
Intangible assets, net (including goodwill)      0
Intangible assets, net (excluding goodwill)      0
Other noncurrent assets 143030141414
Total noncurrent assets: 163233224674
TOTAL ASSETS: 9771,1151,4481,6282,0272,361
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 469409362358325145
Other undisclosed accounts payable and accrued liabilities 469409362358325145
Debt 701510015  
Due to related parties 732868666536333197
Billings in excess of cost30  
Customer advances and deposits21287230
Other undisclosed current liabilities 351239225   
Total current liabilities: 1,6211,5311,3531,152746572
Noncurrent Liabilities
Long-term debt and lease obligation 229     
Long-term debt, excluding current maturities 229     
Liabilities, other than long-term debt  15    
Due to related parties  15    
Total noncurrent liabilities: 22915    
Total liabilities: 1,8511,5461,3531,152746572
Stockholders' equity
Stockholders' equity attributable to parent (874)(431)954771,2811,789
Common stock 8,5788,5278,4278,4118,4118,291
Common stock, value, subscriptions  20    
Additional paid in capital 12,01311,99811,92311,85211,62111,347
Accumulated deficit (21,466)(20,976)(20,256)(19,787)(18,751)(17,849)
Total stockholders' equity: (874)(431)954771,2811,789
TOTAL LIABILITIES AND EQUITY: 9771,1151,4481,6282,0272,361

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 8769641,2861,0741,30855
Revenue, net1,0621,2971,739
Cost of revenue (520)(554)(687)(905)(776)(1,032)
Cost of goods and services sold (589)(797)(785)(905)(776)(1,032)
Other undisclosed gross profit (69)(243)(97)  1,739
Gross profit: 287167501169532761
Operating expenses (754)(867)(926)(1,196)(1,432)(1,770)
Operating loss: (467)(700)(425)(1,027)(900)(1,009)
Nonoperating income (expense) (22)(20)(42)(9)(1)2
Interest and debt expense (20)(20)33(9)(6)(2)
Loss from continuing operations before equity method investments, income taxes: (509)(740)(435)(1,044)(907)(1,008)
Other undisclosed income (loss) from continuing operations before income taxes 2020(33)962
Loss from continuing operations before income taxes: (489)(720)(468)(1,035)(901)(1,006)
Income tax expense (1)(1)(1)(1)(1)(1)
Net loss available to common stockholders, diluted: (490)(720)(468)(1,036)(901)(1,007)

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 loss: (490)(720)(468)(1,036)(901)(1,007)
Comprehensive loss, net of tax, attributable to parent: (490)(720)(468)(1,036)(901)(1,007)

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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