Powin Energy Corporation (PWON) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
20550 SW 115TH AVE TUALATIN, OR 97062 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 399 - Miscellaneous Manufacturing Industries (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2018 MRQ | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,497 | 432 | 3,561 | 757 | 964 | 1,220 | |||
| Cash and cash equivalents | 3,497 | 432 | 3,561 | 757 | 964 | 1,220 | |||
| Receivables | 426 | 182 | 265 | 158 | (435) | (613) | |||
| Inventory, net of allowances, customer advances and progress billings | 311 | 1,300 | 2,153 | 2,139 | 1,831 | 2,194 | |||
| Inventory | 311 | 1,300 | 2,153 | 2,139 | 1,831 | 2,194 | |||
| Other undisclosed current assets | 8,289 | 281 | 2,110 | 2,853 | 2,688 | 4,226 | |||
| Total current assets: | 12,522 | 2,195 | 8,089 | 5,907 | 5,048 | 7,028 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 72 | 4,991 | 1,234 | 1,527 | 1,992 | 2,317 | |||
| Long-term investments and receivables | 1,153 | 829 | |||||||
| Long-term investments | 475 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 678 | 829 | |||||||
| Intangible assets, net (including goodwill) | 237 | 175 | 186 | 50 | 88 | 23 | |||
| Intangible assets, net (excluding goodwill) | 237 | 175 | 186 | 50 | 88 | 23 | |||
| Deferred tax assets, net | 593 | ||||||||
| Other undisclosed noncurrent assets | 8,018 | (593) | |||||||
| Total noncurrent assets: | 9,480 | 5,995 | 1,420 | 1,577 | 2,079 | 2,340 | |||
| TOTAL ASSETS: | 22,002 | 8,190 | 9,509 | 7,484 | 7,127 | 9,368 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 10,038 | 717 | 1,545 | 2,683 | 1,652 | 2,295 | |||
| Interest and dividends payable | 42 | 44 | 235 | ||||||
| Accounts payable | 9,581 | 672 | 1,545 | 2,448 | 1,652 | 2,295 | |||
| Accrued liabilities | 416 | ||||||||
| Debt | 1,350 | 1,528 | 19 | 2,747 | 918 | 1,739 | |||
| Due to related parties | 3,160 | 903 | 5,126 | ||||||
| Other undisclosed current liabilities | 1,310 | 2,486 | 621 | 3,512 | 1,016 | 472 | |||
| Total current liabilities: | 15,858 | 5,634 | 2,185 | 14,068 | 3,586 | 4,506 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,954 | 2,014 | 19 | 4,426 | 399 | ||||
| Long-term debt, excluding current maturities | 4,954 | 2,014 | 19 | 4,426 | 399 | ||||
| Liabilities, other than long-term debt | 801 | ||||||||
| Due to related parties | 742 | ||||||||
| Other liabilities | 59 | ||||||||
| Other undisclosed noncurrent liabilities | 109 | ||||||||
| Total noncurrent liabilities: | 5,863 | 2,014 | 19 | 4,426 | 399 | ||||
| Total liabilities: | 21,722 | 7,648 | 2,185 | 14,087 | 8,012 | 4,905 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 280 | 542 | 10,463 | (5,983) | (462) | 4,706 | |||
| Preferred stock | 1,151 | 910 | 808 | 718 | |||||
| Common stock | 45 | 37 | 16 | 16 | 16 | 162 | |||
| Additional paid in capital | 44,525 | 28,087 | 23,910 | 10,552 | 10,461 | 9,894 | |||
| Accumulated other comprehensive loss | (15) | (56) | (26) | (22) | (22) | ||||
| Accumulated deficit | (44,275) | (28,733) | (22,061) | (17,435) | (11,726) | (6,046) | |||
| Other undisclosed equity, attributable to parent | 8,654 | ||||||||
| Equity, attributable to noncontrolling interest | (3,140) | (620) | (423) | (243) | |||||
| Other undisclosed equity | 3,140 | ||||||||
| Total equity: | 280 | 542 | 10,463 | (6,603) | (885) | 4,463 | |||
| Other undisclosed liabilities and equity | (3,140) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 22,002 | 8,190 | 9,509 | 7,484 | 7,127 | 9,368 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,171 | 337 | 11,021 | 11,302 | 17,872 | 42,306 | ||
| Revenue, net | ✕ | 5,171 | 257 | 5,121 | ||||
| Cost of revenue | (6,406) | (449) | (9,483) | (9,113) | (16,653) | (38,809) | ||
| Cost of goods and services sold | (6,406) | 61 | (12) | (102) | (635) | (88) | ||
| Gross profit: | (1,235) | (111) | 1,538 | 2,189 | 1,219 | 3,497 | ||
| Operating expenses | (6,535) | (4,237) | (7,050) | (7,727) | (6,480) | (6,847) | ||
| Operating loss: | (7,770) | (4,349) | (5,512) | (5,538) | (5,261) | (3,350) | ||
| Nonoperating expense | (7,783) | (1,119) | (75) | (368) | (529) | (850) | ||
| Other nonoperating income (expense) | 422 | 12 | 126 | 22 | (817) | |||
| Interest and debt expense | (104) | (66) | (80) | (383) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (15,657) | (5,534) | (5,667) | (6,289) | (5,790) | (4,199) | ||
| Other undisclosed income from continuing operations before income taxes | 104 | 66 | 80 | 383 | ||||
| Loss from continuing operations before income taxes: | (15,553) | (5,468) | (5,587) | (5,906) | (5,790) | (4,199) | ||
| Income tax expense (benefit) | 11 | (8) | 1,505 | 931 | (69) | (88) | ||
| Loss from continuing operations: | (15,542) | (5,476) | (4,082) | (4,975) | (5,859) | (4,287) | ||
| Loss before gain (loss) on sale of properties: | (15,542) | (7,196) | (4,082) | (4,975) | (5,859) | (4,287) | ||
| Loss from discontinued operations | (1,720) | |||||||
| Other undisclosed net loss | (1,505) | (931) | ||||||
| Net loss: | (15,542) | (7,196) | (5,587) | (5,906) | (5,859) | (4,287) | ||
| Net income attributable to noncontrolling interest | 524 | 962 | 197 | 179 | 166 | |||
| Net loss attributable to parent: | (15,542) | (6,672) | (4,626) | (5,709) | (5,680) | (4,121) | ||
| Preferred stock dividends and other adjustments | (127) | 114 | (102) | (91) | ||||
| Other undisclosed net income (loss) available to common stockholders, basic | (227) | 11,540 | ||||||
| Net income (loss) available to common stockholders, basic: | (15,542) | (6,799) | (4,739) | (5,811) | 5,770 | (4,121) | ||
| Other undisclosed net loss available to common stockholders, diluted | (1) | |||||||
| Net income (loss) available to common stockholders, diluted: | (15,542) | (6,799) | (4,739) | (5,811) | 5,770 | (4,122) | ||
Comprehensive Income ($ in thousands)
| 9/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (15,542) | (7,196) | (5,587) | (5,906) | (5,859) | (4,287) | ||
| Other undisclosed comprehensive income (loss) | (15) | 1,694 | (35) | (5) | (1) | 11 | ||
| Comprehensive loss: | (15,557) | (5,502) | (5,623) | (5,911) | (5,860) | (4,277) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 524 | 962 | 197 | (419) | (240) | |||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 838 | 479 | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (15,557) | (4,978) | (4,661) | (5,714) | (5,441) | (4,037) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.