12 Retech Corp (RETC) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
11/30/2016
11/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13121193810005
Cash and cash equivalents13121193810005
Receivables123132163  
Inventory, net of allowances, customer advances and progress billings10417724223   
Inventory10417724223   
Prepaid expense1413851  
Deposits current assets    14  
Other current assets   19   
Other undisclosed current assets  (0)    
Total current assets:14220550010111805
Noncurrent Assets
Operating lease, right-of-use asset35653303
Property, plant and equipment46883489891113
Other noncurrent assets89 179    
Other undisclosed noncurrent assets231241613846  
Total noncurrent assets:722382891482141113
TOTAL ASSETS:8645871,3915831321118
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,1683,1882,1671,235106131
Accounts payable1,7501,3571,25037931110
Accrued liabilities1,6611,2425494966721
Employee-related liabilities139139111206   
Interest and dividends payable347300192798  
Other undisclosed accounts payable and accrued liabilities2701506674   
Debt2,6761,519824158408  
Derivative instruments and hedges, liabilities6,75923,7985,3592,696   
Due to related parties4184153847666692816
Other undisclosed current liabilities9162,7763,5511,570   
Total current liabilities:14,93631,69512,2866,4261,1834117
Noncurrent Liabilities
Long-term debt and lease obligation177 59    
Operating lease, liability177 59
Other undisclosed noncurrent liabilities149620     
Total noncurrent liabilities:50262059    
Total liabilities:15,43832,31612,3466,4261,1834117
Temporary equity, carrying amount   945   
Stockholders' equity
Stockholders' equity attributable to parent, including:(17,383)(35,183)(13,792)(5,843)(1,051)(30)1
Preferred stock    0  
Common stock1291207100
Additional paid in capital32,2029,2828,3425,3311,2686348
Accumulated other comprehensive income (loss)(4)(1)(2)12  
Accumulated deficit(49,710)(44,476)(22,756)(11,181)(2,414)(93)(47)
Other undisclosed stockholders' equity attributable to parent  625093  
Stockholders' equity attributable to noncontrolling interest(661)(634)     
Other undisclosed stockholders' equity9771,0372,838(945)   
Total stockholders' equity:(17,067)(34,780)(10,954)(6,787)(1,051)(30)1
Other undisclosed liabilities and equity2,4933,052     
TOTAL LIABILITIES AND EQUITY:8645871,3915831321118

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
11/30/2016
11/30/2015
Revenues6607211,6299361  
Other income5994321,0245   
Cost of revenue(394)(385)(1,122)(51)(50)  
Cost of goods and services sold    (50)  
Gross profit:2663365074211  
Operating expenses(2,234)(2,885)(3,449)(3,298)(1,371)(45)(41)
Operating loss:(1,968)(2,549)(2,943)(3,256)(1,360)(45)(41)
Nonoperating expense(3,293)(19,392)(9,204)(5,512)(59)(1)(1)
Foreign currency transaction gain (loss), before tax     0(0)
Interest and debt expense(2,528)(472)(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:(7,789)(22,413)(13,407)(10,137)(1,419)(47)(43)
Other undisclosed income from continuing operations before income taxes2,6656231,2601,370   
Net loss:(5,124)(21,790)(12,147)(8,767)(1,419)(47)(43)
Other undisclosed net income (loss) attributable to parent(137)277   11
Net loss available to common stockholders, diluted:(5,261)(21,513)(12,147)(8,767)(1,419)(46)(42)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
11/30/2016
11/30/2015
Net loss:(5,124)(21,790)(12,147)(8,767)(1,419)(47)(43)
Other undisclosed comprehensive income (loss)(139)(150)568    
Comprehensive loss:(5,263)(21,940)(11,579)(8,767)(1,419)(47)(43)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest27222(572)    
Other undisclosed comprehensive loss, net of tax, attributable to parent   (0)(19)  
Comprehensive loss, net of tax, attributable to parent:(5,237)(21,719)(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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