Solar Wind Energy Tower Inc (SWET) financial statements (2020 and earlier)

Company profile

Business Address 1997 ANNAPOLIS EXCHANGE BLVD.
ANNAPOLIS, MD 21401
State of Incorp. NV
Fiscal Year End December 31
SIC 104 - Gold And Silver Ores (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11896214
Cash and cash equivalents11896214
Deferred costs 126  
Total current assets:112156214
Noncurrent Assets
Property, plant and equipment1227
Deferred costs 38  
Other undisclosed noncurrent assets20412922
Total noncurrent assets:20516959
TOTAL ASSETS:2173846623
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:853711909487
Accounts payable355200171211
Accrued liabilities498370738 
Employee-related liabilities 140  
Other undisclosed accounts payable and accrued liabilities   275
Debt348268359268
Derivative instruments and hedges, liabilities3,4921,385  
Estimated litigation liability  123 
Due to related parties170170170185
Other liabilities9030  
Other undisclosed current liabilities1,008739993810
Total current liabilities:5,9613,3032,5541,750
Noncurrent Liabilities
Long-term debt and lease obligation 80247
Long-term debt, excluding current maturities 80247
Liabilities, other than long-term debt 385  
Due to related parties 385  
Total noncurrent liabilities: 465247
Total liabilities:5,9613,7682,5791,757
Stockholders' equity
Stockholders' equity attributable to parent, including:(5,727)(3,382)(2,512)(1,752)
Preferred stock0   
Common stock363633728
Common stock, value, subscriptions420420
Additional paid in capital12,60210,1205,8974,265
Accumulated deficit(19,111)(13,984)(8,866) 
Other undisclosed stockholders' equity attributable to parent  420(6,045)
Stockholders' equity attributable to noncontrolling interest(18)(2)  
Total stockholders' equity:(5,744)(3,384)(2,512)(1,752)
Other undisclosed liabilities and equity   18
TOTAL LIABILITIES AND EQUITY:2173846623

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Operating expenses(1,171)(2,029)(1,829)(2,207)
Operating loss:(1,171)(2,029)(1,829)(2,207)
Interest and debt expense(2,454)(4,180)(1,356)(1,333)
Loss from continuing operations before equity method investments, income taxes:(3,625)(6,209)(3,184)(3,540)
Other undisclosed income (loss) from continuing operations before income taxes(1,507)1,089783175
Loss from continuing operations before income taxes:(5,132)(5,120)(2,402)(3,365)
Income tax expense (1,810) (1,396)
Loss before gain (loss) on sale of properties:(5,132)(6,930)(2,402)(4,761)
Other undisclosed net income 1,810  
Net loss:(5,132)(5,120)(2,402)(4,761)
Net income (loss) attributable to noncontrolling interest4(2)  
Other undisclosed net income attributable to parent 4 1,396
Net loss available to common stockholders, diluted:(5,127)(5,118)(2,402)(3,365)

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(5,132)(5,120)(2,402)(4,761)
Comprehensive loss:(5,132)(5,120)(2,402)(4,761)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest4(2)  
Comprehensive loss, net of tax, attributable to parent:(5,127)(5,121)(2,402)(4,761)

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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