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 2,4041,8482,41190132639
Cash and cash equivalents 2,4041,8482,41190132639
Restricted cash and investments 1,8851,1344,195   
Receivables 1,5742,156403274140316
Inventory, net of allowances, customer advances and progress billings 695468500332706274
Inventory 695468500332706274
Other undisclosed current assets 18412666802267
Total current assets: 6,7425,7317,5751,5871,194697
Noncurrent Assets
Operating lease, right-of-use asset 1,266945
Property, plant and equipment 81,27745,47149645462
Long-term investments and receivables 711 1,6871,016  
Long-term investments 711 1,6871,016  
Intangible assets, net (including goodwill)  58142174267365
Goodwill  5858   
Intangible assets, net (excluding goodwill)   84174267365
Regulated entity, other noncurrent assets   1,914 119 
Restricted cash and investments   2,521   
Other noncurrent assets 295414241452
Other undisclosed noncurrent assets (33,338)4,28141,4147,675905844
Total noncurrent assets: 49,94450,80947,7418,9521,3581,323
TOTAL ASSETS: 56,68656,54055,31610,5402,5522,020
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 4,6895,8372,2712,2092,1322,059
Accounts payable 2,4934,6881,3111,2881,1971,222
Accrued liabilities 917  892523549
Interest and dividends payable 1,2791,14996029412288
Deferred revenue 13990
Debt 1,4991,5809998
Due to related parties 935210 2751,213710
Deferred revenue and credits856248
Customer advances and deposits393630
Contract with customer, liability8
Other liabilities 9,164  545  
Other undisclosed current liabilities 1,9233,3664,9221802,8392,889
Total current liabilities: 18,34911,0837,2103,3426,2905,743
Noncurrent Liabilities
Long-term debt and lease obligation 1,22110,20213221120
Long-term debt, excluding current maturities 49,28713221120
Operating lease, liability 1,217915
Liabilities, other than long-term debt 3,3941,5101,3052,4054,0531,710
Accounts payable and accrued liabilities 1,8081,5101,3051,861253 
Due to related parties 1,586  5453,8001,710
Other undisclosed noncurrent liabilities 29,64125,64935,96315,1633,656 
Total noncurrent liabilities: 34,25637,36137,28117,5917,7201,730
Total liabilities: 52,60548,44444,49120,93314,0107,473
Temporary equity, carrying amount 6277278171,096  
Stockholders' equity
Stockholders' equity attributable to parent, including: 2,3142,0243,406(11,489)(11,458)(5,453)
Common stock 221111
Additional paid in capital 60,25449,59743,45317,2819,6048,881
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   8080  
Other undisclosed stockholders' equity attributable to parent 6,6225,2544,460619  
Stockholders' equity attributable to noncontrolling interest 1,1415,3466,603   
Total stockholders' equity: 3,4557,37010,008(11,489)(11,458)(5,453)
TOTAL LIABILITIES AND EQUITY: 56,68656,54055,31610,5402,5522,020

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 5,8794,2193,3592,4212,2431,514
Revenue, net2,4212,2431,514
Operating lease, lease income 1,3531,484
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: 5,8374,2191,719735574188
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)2,6831,271
Loss before gain (loss) on sale of properties: (22,532)(13,657)(17,330)(12,262)(4,883)(3,730)
Other undisclosed net income 6,7903,3772,583   
Net loss: (15,742)(10,280)(14,747)(12,262)(4,883)(3,730)
Net income attributable to noncontrolling interest 4,2052,65777   
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 4,2052,65777   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (101)(48)443,864(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.

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