Puradyn Filter Technologies Inc (PFTI) financial statements (2023 and earlier)
Company profile
| Business Address |
2017 HIGH RIDGE ROAD BOYNTON BEACH, FL 33426 |
| State of Incorp. | DE |
| 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)
| 12/31/2019 | 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 | 78 | 113 | 54 | 13 | 34 | 53 | 162 | ||
| Cash and cash equivalents | 78 | 113 | 54 | 13 | 34 | 53 | 162 | ||
| Restricted cash and investments | 38 | 43 | 28 | 39 | 23 | ||||
| Receivables | 12 | 294 | 271 | 260 | 116 | 205 | 182 | ||
| Inventory, net of allowances, customer advances and progress billings | 923 | 835 | 401 | 682 | 817 | 588 | 594 | ||
| Inventory | 923 | 835 | 401 | 682 | 817 | 588 | 594 | ||
| Prepaid expense | 26 | 28 | 27 | 27 | 24 | 53 | 61 | ||
| Total current assets: | 1,039 | 1,308 | 795 | 1,011 | 992 | 938 | 1,022 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 739 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 51 | 79 | 45 | 43 | 62 | 58 | 57 | ||
| Intangible assets, net (including goodwill) | 312 | ✕ | |||||||
| Intangible assets, net (excluding goodwill) | 312 | ||||||||
| Other noncurrent assets | 410 | 484 | 533 | 470 | 375 | 348 | 318 | ||
| Other undisclosed noncurrent assets | (312) | ||||||||
| Total noncurrent assets: | 1,200 | 563 | 578 | 513 | 437 | 406 | 375 | ||
| TOTAL ASSETS: | 2,239 | 1,870 | 1,373 | 1,523 | 1,429 | 1,344 | 1,396 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 912 | 1,022 | 550 | 482 | 395 | 556 | 383 | ||
| Accounts payable | 415 | 417 | 187 | 148 | 74 | 131 | 103 | ||
| Accrued liabilities | 497 | 605 | 363 | 335 | 322 | 308 | 279 | ||
| Employee-related liabilities | 61 | ||||||||
| Interest and dividends payable | 56 | ||||||||
| Debt | 40 | 3 | (4) | 3 | 8 | ||||
| Deferred compensation liability | 1,542 | 1,564 | 1,626 | 1,603 | 1,610 | 1,514 | 1,401 | ||
| Due to related parties | 1,208 | 325 | 7,988 | 7,188 | 25 | ||||
| Other undisclosed current liabilities | 158 | 103 | 0 | 8 | (117) | ||||
| Total current liabilities: | 3,860 | 2,911 | 10,266 | 9,277 | 2,009 | 1,981 | 1,792 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 657 | 7,192 | 7 | 10,574 | 9,833 | ||||
| Capital lease obligations | ✕ | 3 | 7 | 3 | |||||
| Operating lease, liability | 657 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 7,189 | 10,574 | 9,829 | ||||||
| Liabilities, other than long-term debt | 8,385 | 7,990 | 11,925 | 10,574 | |||||
| Due to related parties | 8,385 | 7,990 | 11,925 | 10,574 | |||||
| Other undisclosed noncurrent liabilities | (7,189) | (10,574) | |||||||
| Total noncurrent liabilities: | 9,042 | 7,990 | 3 | 11,932 | 10,574 | 9,833 | |||
| Total liabilities: | 12,902 | 10,901 | 10,266 | 9,281 | 13,941 | 12,556 | 11,624 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (10,663) | (9,031) | (8,893) | (7,757) | (12,512) | (11,212) | (10,228) | ||
| Common stock | 69 | 69 | 69 | 69 | 49 | 49 | 49 | ||
| Additional paid in capital | 53,732 | 53,678 | 53,599 | 53,505 | 47,329 | 47,184 | 47,011 | ||
| Accumulated deficit | (64,464) | (62,778) | (62,561) | (61,331) | (59,890) | (58,444) | (57,287) | ||
| Total stockholders' equity: | (10,663) | (9,031) | (8,893) | (7,757) | (12,512) | (11,212) | (10,228) | ||
| TOTAL LIABILITIES AND EQUITY: | 2,239 | 1,870 | 1,373 | 1,523 | 1,429 | 1,344 | 1,396 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,526 | 4,204 | 2,250 | 1,949 | 1,975 | 3,113 | 2,539 | |
| Revenue, net | ✕ | ✕ | 2,250 | 1,949 | 1,975 | 3,113 | 2,539 | |
| Cost of revenue | (1,308) | (2,463) | (1,759) | (1,464) | (1,459) | (2,006) | (1,805) | |
| Gross profit: | 219 | 1,740 | 491 | 485 | 515 | 1,107 | 733 | |
| Operating expenses | (698) | (732) | (593) | (701) | (770) | (949) | (868) | |
| Other undisclosed operating loss | (800) | (898) | (855) | (878) | (897) | (1,064) | (1,183) | |
| Operating income (loss): | (1,279) | 111 | (957) | (1,095) | (1,151) | (906) | (1,317) | |
| Nonoperating expense | (407) | (327) | (274) | (347) | (295) | (251) | (16) | |
| Other nonoperating income | 86 | |||||||
| Interest and debt expense | (407) | (327) | (274) | (347) | (295) | (251) | (219) | |
| Loss from continuing operations before equity method investments, income taxes: | (2,094) | (544) | (1,504) | (1,788) | (1,741) | (1,408) | (1,552) | |
| Other undisclosed income from continuing operations before income taxes | 407 | 327 | ||||||
| Net loss: | (1,687) | (216) | (1,504) | (1,788) | (1,741) | (1,408) | (1,552) | |
| Other undisclosed net income attributable to parent | 274 | 347 | 295 | 251 | 219 | |||
| Net loss available to common stockholders, diluted: | (1,687) | (216) | (1,230) | (1,441) | (1,446) | (1,157) | (1,333) | |
Comprehensive Income ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (1,687) | (216) | (1,504) | (1,788) | (1,741) | (1,408) | (1,552) | |
| Comprehensive loss, net of tax, attributable to parent: | (1,687) | (216) | (1,504) | (1,788) | (1,741) | (1,408) | (1,552) | |
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.