OCEAN THERMAL ENERGY CORPORATION
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $403.7K | $16.1K | $115.1K | $1.4K | $957 | $7.4K | $23.2K | — |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $1.5M | $21.1K | $120.1K | $6.4K | $6.0K | $17.4K | $43.2K | $8.4K |
| Property, Plant & Equipment | — | — | — | — | — | — | $0 | $672 |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $1.5M | $21.1K | $120.1K | $6.4K | $6.0K | $17.4K | $43.2K | $9.1K |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | $20.5M | $17.6M | $14.5M | $11.2M | $8.9M |
| Total Current Liabilities | $114.8M | $44.6M | $44.1M | $36.2M | $29.8M | $28.0M | $21.9M | $17.6M |
| Long-Term Debt | — | — | — | — | — | $369.4K | $182.5K | $168.3K |
| Total Liabilities | $114.9M | $44.6M | $44.1M | $36.2M | $30.0M | $28.4M | $22.1M | $17.8M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-176.6M | $-107.3M | $-106.1M | $-96.5M | $-89.6M | $-86.9M | $-80.5M | $-75.6M |
| Total Stockholders' Equity | $-113.4M | $-44.6M | $-43.9M | $-36.2M | $-30.0M | $-28.4M | $-22.1M | $-17.8M |