Powin Energy Corporation (PWON) financial statements (2021 and earlier)

Company profile

Business Address 20550 SW 115TH AVE
TUALATIN, OR 97062
State of Incorp.
Fiscal Year End December 31
SIC 399 - Miscellaneous Manufacturing Industries (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments3,4974323,5617579641,220
Cash and cash equivalents3,4974323,5617579641,220
Receivables426182265158(435)(613)
Inventory, net of allowances, customer advances and progress billings3111,3002,1532,1391,8312,194
Inventory3111,3002,1532,1391,8312,194
Other undisclosed current assets8,2892812,1102,8532,6884,226
Total current assets:12,5222,1958,0895,9075,0487,028
Noncurrent Assets
Property, plant and equipment724,9911,2341,5271,9922,317
Long-term investments and receivables1,153829    
Long-term investments475     
Accounts and financing receivable, after allowance for credit loss678829    
Intangible assets, net (including goodwill)237175186508823
Intangible assets, net (excluding goodwill)237175186508823
Deferred tax assets, net     593
Other undisclosed noncurrent assets8,018    (593)
Total noncurrent assets:9,4805,9951,4201,5772,0792,340
TOTAL ASSETS:22,0028,1909,5097,4847,1279,368
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,0387171,5452,6831,6522,295
Accounts payable9,5816721,5452,4481,6522,295
Accrued liabilities416     
Interest and dividends payable4244 235  
Debt1,3501,528192,7479181,739
Due to related parties3,160903 5,126  
Other undisclosed current liabilities1,3102,4866213,5121,016472
Total current liabilities:15,8585,6342,18514,0683,5864,506
Noncurrent Liabilities
Long-term debt and lease obligation4,9542,014 194,426399
Long-term debt, excluding current maturities4,9542,014 194,426399
Liabilities, other than long-term debt801     
Due to related parties742     
Other liabilities59     
Other undisclosed noncurrent liabilities109     
Total noncurrent liabilities:5,8632,014 194,426399
Total liabilities:21,7227,6482,18514,0878,0124,905
Stockholders' equity
Stockholders' equity attributable to parent, including:28054210,463(5,983)(462)4,706
Preferred stock 1,151 910808718
Common stock4537161616162
Additional paid in capital44,52528,08723,91010,55210,4619,894
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 stockholders' equity attributable to parent  8,654   
Stockholders' equity attributable to noncontrolling interest  (3,140)(620)(423)(243)
Other undisclosed stockholders' equity  3,140   
Total stockholders' equity:28054210,463(6,603)(885)4,463
Other undisclosed liabilities and equity  (3,140)   
TOTAL LIABILITIES AND EQUITY:22,0028,1909,5097,4847,1279,368

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues5,17133711,02111,30217,87242,306
Revenue, net5,171 257 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)1,5382,1891,2193,497
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)4221212622 (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 taxes1046680383  
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)1,505931(69)(88)
Loss from continuing operations:(15,542)(5,476)(4,082)(4,975)(5,859)(4,287)
Loss from discontinued operations (1,720)    
Loss before gain (loss) on sale of properties:(15,542)(7,196)(4,082)(4,975)(5,859)(4,287)
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 524962197179166
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)

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 524962197(419)(240)
Other undisclosed comprehensive income, net of tax, attributable to parent    838479
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 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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