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 investments7811354133453162
Cash and cash equivalents7811354133453162
Restricted cash and investments 384328 3923
Receivables12294271260116205182
Inventory, net of allowances, customer advances and progress billings923835401682817588594
Inventory923835401682817588594
Prepaid expense26282727245361
Total current assets:1,0391,3087951,0119929381,022
Noncurrent Assets
Operating lease, right-of-use asset739
Property, plant and equipment51794543625857
Intangible assets, net (including goodwill)     312
Intangible assets, net (excluding goodwill)     312 
Other noncurrent assets410484533470375348318
Other undisclosed noncurrent assets     (312) 
Total noncurrent assets:1,200563578513437406375
TOTAL ASSETS:2,2391,8701,3731,5231,4291,3441,396
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9121,022550482395556383
Accounts payable41541718714874131103
Accrued liabilities497605363335322308279
Employee-related liabilities     61 
Interest and dividends payable     56 
Debt40  3(4)38
Deferred compensation liability1,5421,5641,6261,6031,6101,5141,401
Due to related parties1,2083257,9887,188 25 
Other undisclosed current liabilities158 10308(117) 
Total current liabilities:3,8602,91110,2669,2772,0091,9811,792
Noncurrent Liabilities
Long-term debt and lease obligation, including:657  7,192710,5749,833
Capital lease obligations  37 3
Operating lease, liability657
Other undisclosed long-term debt and lease obligation   7,189 10,5749,829
Liabilities, other than long-term debt8,3857,990  11,92510,574 
Due to related parties8,3857,990  11,92510,574 
Other undisclosed noncurrent liabilities   (7,189) (10,574) 
Total noncurrent liabilities:9,0427,990 311,93210,5749,833
Total liabilities:12,90210,90110,2669,28113,94112,55611,624
Stockholders' equity
Stockholders' equity attributable to parent(10,663)(9,031)(8,893)(7,757)(12,512)(11,212)(10,228)
Common stock69696969494949
Additional paid in capital53,73253,67853,59953,50547,32947,18447,011
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:2,2391,8701,3731,5231,4291,3441,396

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
Revenues1,5264,2042,2501,9491,9753,1132,539
Revenue, net2,2501,9491,9753,1132,539
Cost of revenue(1,308)(2,463)(1,759)(1,464)(1,459)(2,006)(1,805)
Gross profit:2191,7404914855151,107733
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 taxes407327     
Net loss:(1,687)(216)(1,504)(1,788)(1,741)(1,408)(1,552)
Other undisclosed net income attributable to parent  274347295251219
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.

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