12 Retech Corporation (RETC) financial statements (2021 and earlier)

Company profile

Business Address 10785 W. TWAIN AVE.,
LAS VEGAS, NV 89135
State of Incorp. NV
Fiscal Year End December 31
SIC 7371 - Computer Programming Services (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
11/30/2016
11/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1193810005
Cash and cash equivalents1193810005
Receivables132163  
Inventory, net of allowances, customer advances and progress billings24223   
Inventory24223   
Prepaid expense851  
Deposits current assets  14  
Other current assets 19   
Other undisclosed current assets(0)    
Total current assets:50010111805
Noncurrent Assets
Operating lease, right-of-use asset303
Property, plant and equipment3489891113
Other noncurrent assets179    
Other undisclosed noncurrent assets613846  
Total noncurrent assets:891482141113
TOTAL ASSETS:1,3915831321118
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,1671,235106131
Accounts payable1,25037931110
Accrued liabilities5494966721
Employee-related liabilities111206   
Interest and dividends payable192798  
Other undisclosed accounts payable and accrued liabilities6674   
Debt824158408  
Derivative instruments and hedges, liabilities5,3592,696   
Due to related parties3847666692816
Other undisclosed current liabilities3,5511,570   
Total current liabilities:12,2866,4261,1834117
Noncurrent Liabilities
Long-term debt and lease obligation59    
Operating lease, liability59
Total noncurrent liabilities:59    
Total liabilities:12,3466,4261,1834117
Temporary equity, carrying amount 945   
Stockholders' equity
Stockholders' equity attributable to parent, including:(13,792)(5,843)(1,051)(30)1
Preferred stock  0  
Common stock07100
Additional paid in capital8,3425,3311,2686348
Accumulated other comprehensive income (loss)(2)12  
Accumulated deficit(22,756)(11,181)(2,414)(93)(47)
Other undisclosed stockholders' equity attributable to parent625093  
Other undisclosed stockholders' equity2,838(945)   
Total stockholders' equity:(10,954)(6,787)(1,051)(30)1
TOTAL LIABILITIES AND EQUITY:1,3915831321118

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

12/31/2019
12/31/2018
12/31/2017
11/30/2016
11/30/2015
Revenues1,6299361  
Other income1,0245   
Cost of revenue(1,122)(51)(50)  
Cost of goods and services sold  (50)  
Gross profit:5074211  
Operating expenses(3,449)(3,298)(1,371)(45)(41)
Operating loss:(2,943)(3,256)(1,360)(45)(41)
Nonoperating expense(9,204)(5,512)(59)(1)(1)
Foreign currency transaction gain (loss), before tax   0(0)
Interest and debt expense(1,260)(1,370)(8)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes  8  
Loss from continuing operations before equity method investments, income taxes:(13,407)(10,137)(1,419)(47)(43)
Other undisclosed income from continuing operations before income taxes1,2601,370   
Net loss:(12,147)(8,767)(1,419)(47)(43)
Other undisclosed net income attributable to parent   11
Net loss available to common stockholders, diluted:(12,147)(8,767)(1,419)(46)(42)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
11/30/2016
11/30/2015
Net loss:(12,147)(8,767)(1,419)(47)(43)
Other undisclosed comprehensive income568    
Comprehensive loss:(11,579)(8,767)(1,419)(47)(43)
Comprehensive loss, net of tax, attributable to noncontrolling interest(572)    
Other undisclosed comprehensive loss, net of tax, attributable to parent (0)(19)  
Comprehensive loss, net of tax, attributable to parent:(12,151)(8,767)(1,437)(47)(43)

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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