PCT Ltd (PCTL) financial statements (2023 and earlier)

Company profile

Business Address 4235 COMMERCE STREET
LITTLE RIVER, SC 29566
State of Incorp. NV
Fiscal Year End December 31
SIC 359 - Miscellaneous Industrial And Commercial (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments116115685821
Cash and cash equivalents116115685821
Receivables9635011249134
Inventory, net of allowances, customer advances and progress billings376 71143
Inventory376 71143
Prepaid expense532754321877
Deposits current assets     78
Other current assets822   
Other undisclosed current assets   22 
Total current assets:31174822528240152
Noncurrent Assets
Property, plant and equipment76235944050038378
Intangible assets, net (including goodwill)3,0983,4003,7044,0604,32543
Intangible assets, net (excluding goodwill)3,0983,4003,7044,0604,32543
Other noncurrent assets3,1813,5283,7104,0654,331 
Other undisclosed noncurrent assets(3,098)(3,400)(3,704)(4,060)(4,325)5
Total noncurrent assets:3,9433,8874,1504,5654,714126
TOTAL ASSETS:4,2544,6354,3754,8474,754279
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities69162289036217313
Accrued liabilities69162289036217313
Deferred revenue 1 
Debt133384468400301 
Derivative instruments and hedges, liabilities3,0447,10310,518323  
Due to related parties8678982793833359
Other undisclosed current liabilities8232,0021,58771014955
Total current liabilities:4,77710,90114,2901,8881,456426
Noncurrent Liabilities
Long-term debt and lease obligation1,507137 127 129
Long-term debt, excluding current maturities1,46554 127 129
Operating lease, liability4183 
Liabilities, other than long-term debt   734  
Due to related parties   734  
Other undisclosed noncurrent liabilities(41)(83) 393  
Total noncurrent liabilities:1,507137 1,253 129
Total liabilities:6,28411,03814,2903,1411,456556
Stockholders' equity
Stockholders' equity attributable to parent(4,498)(6,662)(10,134)1,7063,298(277)
Common stock791722499454137
Additional paid in capital24,31023,20315,87211,58810,0013,709
Accumulated deficit(29,599)(30,588)(26,506)(9,927)(6,745)(4,023)
Other undisclosed stockholders' equity2,469259219   
Total stockholders' equity:(2,029)(6,404)(9,916)1,7063,298(277)
TOTAL LIABILITIES AND EQUITY:4,2544,6354,3754,8474,754279

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,2812,520708266123113
Revenue, net123 
Cost of revenue(406)(517)(380)(351)(331)(111)
Cost of goods and services sold(368)(349)(338)(337)(331)(111)
Gross profit:8752,003328(85)(208)3
Operating expenses(3,367)(3,404)(2,010)(2,583)(2,061)(922)
Other undisclosed operating loss     (26)
Operating loss:(2,492)(1,401)(1,682)(2,668)(2,269)(946)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
3,481(2,411)(14,897)   
Interest and debt expense3,93012,021(68)(207)(81)(1,304)
Net income (loss):4,9198,209(16,646)(2,875)(2,350)(2,250)
Other undisclosed net income (loss) attributable to parent(3,930)(12,021)68(307)(371) 
Net income (loss) attributable to parent:989(3,812)(16,579)(3,182)(2,722)(2,250)
Preferred stock dividends and other adjustments (270)    
Net income (loss) available to common stockholders, diluted:989(4,082)(16,579)(3,182)(2,722)(2,250)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):4,9198,209(16,646)(2,875)(2,350)(2,250)
Comprehensive income (loss), net of tax, attributable to parent:4,9198,209(16,646)(2,875)(2,350)(2,250)

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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