Renovare Environmental, Inc. (RENO) financial statements (2022 and earlier)
Company profile
| Business Address |
80 RED SCHOOLHOUSE ROAD CHESTNUT RIDGE, NY 10977 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 82 - Educational Services (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,404 | 1,848 | 2,411 | 901 | 326 | 39 | |||
| Cash and cash equivalents | 2,404 | 1,848 | 2,411 | 901 | 326 | 39 | |||
| Restricted cash and investments | 1,885 | 1,134 | 4,195 | ||||||
| Receivables | 1,574 | 2,156 | 403 | 274 | 140 | 316 | |||
| Inventory, net of allowances, customer advances and progress billings | 695 | 468 | 500 | 332 | 706 | 274 | |||
| Inventory | 695 | 468 | 500 | 332 | 706 | 274 | |||
| Other undisclosed current assets | 184 | 126 | 66 | 80 | 22 | 67 | |||
| Total current assets: | 6,742 | 5,731 | 7,575 | 1,587 | 1,194 | 697 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,266 | 945 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 81,277 | 45,471 | 49 | 64 | 54 | 62 | |||
| Long-term investments and receivables | 711 | 1,687 | 1,016 | ||||||
| Long-term investments | 711 | 1,687 | 1,016 | ||||||
| Intangible assets, net (including goodwill) | 58 | 142 | 174 | 267 | 365 | ||||
| Goodwill | 58 | 58 | |||||||
| Intangible assets, net (excluding goodwill) | 84 | 174 | 267 | 365 | |||||
| Regulated entity, other noncurrent assets | 1,914 | 119 | |||||||
| Restricted cash and investments | 2,521 | ||||||||
| Other noncurrent assets | 29 | 54 | 14 | 24 | 14 | 52 | |||
| Other undisclosed noncurrent assets | (33,338) | 4,281 | 41,414 | 7,675 | 905 | 844 | |||
| Total noncurrent assets: | 49,944 | 50,809 | 47,741 | 8,952 | 1,358 | 1,323 | |||
| TOTAL ASSETS: | 56,686 | 56,540 | 55,316 | 10,540 | 2,552 | 2,020 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,689 | 5,837 | 2,271 | 2,209 | 2,132 | 2,059 | |||
| Accounts payable | 2,493 | 4,688 | 1,311 | 1,288 | 1,197 | 1,222 | |||
| Accrued liabilities | 917 | 892 | 523 | 549 | |||||
| Interest and dividends payable | 1,279 | 1,149 | 960 | 29 | 412 | 288 | |||
| Deferred revenue | 139 | 90 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 1,499 | 1,580 | 9 | 9 | 9 | 8 | |||
| Due to related parties | 935 | 210 | 275 | 1,213 | 710 | ||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 85 | 62 | 48 | ||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 39 | 36 | 30 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 8 | ✕ | ✕ | ✕ | ||
| Other liabilities | 9,164 | 545 | |||||||
| Other undisclosed current liabilities | 1,923 | 3,366 | 4,922 | 180 | 2,839 | 2,889 | |||
| Total current liabilities: | 18,349 | 11,083 | 7,210 | 3,342 | 6,290 | 5,743 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,221 | 10,202 | 13 | 22 | 11 | 20 | |||
| Long-term debt, excluding current maturities | 4 | 9,287 | 13 | 22 | 11 | 20 | |||
| Operating lease, liability | 1,217 | 915 | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 3,394 | 1,510 | 1,305 | 2,405 | 4,053 | 1,710 | |||
| Accounts payable and accrued liabilities | 1,808 | 1,510 | 1,305 | 1,861 | 253 | ||||
| Due to related parties | 1,586 | 545 | 3,800 | 1,710 | |||||
| Other undisclosed noncurrent liabilities | 29,641 | 25,649 | 35,963 | 15,163 | 3,656 | ||||
| Total noncurrent liabilities: | 34,256 | 37,361 | 37,281 | 17,591 | 7,720 | 1,730 | |||
| Total liabilities: | 52,605 | 48,444 | 44,491 | 20,933 | 14,010 | 7,473 | |||
| Temporary equity, carrying amount | 627 | 727 | 817 | 1,096 | |||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 2,314 | 2,024 | 3,406 | (11,489) | (11,458) | (5,453) | |||
| Common stock | 2 | 2 | 1 | 1 | 1 | 1 | |||
| Additional paid in capital | 60,254 | 49,597 | 43,453 | 17,281 | 9,604 | 8,881 | |||
| Accumulated other comprehensive income (loss) | (144) | (43) | 5 | (39) | 9 | (8) | |||
| Accumulated deficit | (64,420) | (52,785) | (44,594) | (29,431) | (21,072) | (14,327) | |||
| Warrants and rights outstanding | 80 | 80 | |||||||
| Other undisclosed stockholders' equity attributable to parent | 6,622 | 5,254 | 4,460 | 619 | |||||
| Stockholders' equity attributable to noncontrolling interest | 1,141 | 5,346 | 6,603 | ||||||
| Total stockholders' equity: | 3,455 | 7,370 | 10,008 | (11,489) | (11,458) | (5,453) | |||
| TOTAL LIABILITIES AND EQUITY: | 56,686 | 56,540 | 55,316 | 10,540 | 2,552 | 2,020 | |||
Income statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,879 | 4,219 | 3,359 | 2,421 | 2,243 | 1,514 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 2,421 | 2,243 | 1,514 | |
| Operating lease, lease income | 1,353 | 1,484 | ✕ | ✕ | ✕ | ✕ | ||
| Cost of revenue | (42) | (1,640) | (1,686) | (1,670) | (1,326) | |||
| Cost of goods and services sold | (42) | (16) | (1,686) | (1,670) | (1,290) | |||
| Gross profit: | 5,837 | 4,219 | 1,719 | 735 | 574 | 188 | ||
| Operating expenses | (17,555) | (11,755) | (6,857) | (7,299) | (6,498) | (4,734) | ||
| Other undisclosed operating income | 42 | |||||||
| Operating loss: | (11,676) | (7,535) | (5,137) | (6,564) | (5,925) | (4,546) | ||
| Nonoperating expense | (4,066) | (2,745) | (9,610) | (1,786) | (821) | (456) | ||
| Interest and debt expense | (4,084) | (3,377) | (2,583) | (1,767) | (821) | (465) | ||
| Loss from continuing operations before equity method investments, income taxes: | (19,825) | (13,657) | (17,330) | (10,118) | (7,566) | (5,467) | ||
| Other undisclosed income from continuing operations before income taxes | 465 | |||||||
| Loss from continuing operations before income taxes: | (19,825) | (13,657) | (17,330) | (10,118) | (7,566) | (5,001) | ||
| Income tax expense (benefit) | (2,707) | (2,144) | 2,683 | 1,271 | ||||
| Loss before gain (loss) on sale of properties: | (22,532) | (13,657) | (17,330) | (12,262) | (4,883) | (3,730) | ||
| Other undisclosed net income | 6,790 | 3,377 | 2,583 | |||||
| Net loss: | (15,742) | (10,280) | (14,747) | (12,262) | (4,883) | (3,730) | ||
| Net income attributable to noncontrolling interest | 4,205 | 2,657 | 77 | |||||
| Other undisclosed net income (loss) attributable to parent | 3,912 | (1,862) | (1,271) | |||||
| Net loss attributable to parent: | (11,537) | (7,623) | (14,670) | (8,351) | (6,745) | (5,001) | ||
| Preferred stock dividends and other adjustments | (785) | (722) | ||||||
| Other undisclosed net loss available to common stockholders, basic | (22) | (405) | ||||||
| Net loss available to common stockholders, diluted: | (12,344) | (8,750) | (14,670) | (8,351) | (6,745) | (5,001) | ||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (15,742) | (10,280) | (14,747) | (12,262) | (4,883) | (3,730) | ||
| Comprehensive loss: | (15,742) | (10,280) | (14,747) | (12,262) | (4,883) | (3,730) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 4,205 | 2,657 | 77 | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (101) | (48) | 44 | 3,864 | (1,845) | (1,279) | ||
| Comprehensive loss, net of tax, attributable to parent: | (11,638) | (7,671) | (14,627) | (8,398) | (6,729) | (5,009) | ||
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.