374WATER INC.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $3.2M | $10.7M | $10.4M | $4.0M | $11.1M | $95.4K | $20.0K | $8.5K |
| Accounts Receivable | $668.9K | $269.7K | $64.8K | $0 | — | — | — | — |
| Inventory | $1.5M | $1.7M | $2.3M | $1.7M | $0 | — | — | — |
| Total Current Assets | $5.9M | $14.9M | $14.9M | $8.7M | $11.3M | $103.1K | $37.5K | $29.3K |
| Property, Plant & Equipment | $3.8M | $2.6M | $231.0K | $143.1K | $959 | $403 | $0 | $634 |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | $943.2K | $1.0M | $988.0K | $1.1M | $1.1M | $0 | — | $74.2K |
| Total Assets | $11.4M | $19.2M | $16.1M | $9.9M | $12.4M | $103.8K | $37.5K | $104.2K |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | — | — | — | — | — |
| Total Current Liabilities | $4.2M | $3.1M | $1.4M | $1.7M | $86.4K | $92.6K | $101.1K | $39.1K |
| Long-Term Debt | — | — | — | — | — | — | $306.3K | — |
| Total Liabilities | $4.7M | $3.7M | $1.4M | $1.7M | $86.4K | $92.6K | $407.4K | $39.1K |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-49.9M | $-28.4M | $-16.0M | $-7.8M | $-3.2M | $4.6K | $-12.6M | $-12.1M |
| Total Stockholders' Equity | $6.7M | $15.5M | $14.7M | $8.3M | $12.3M | $11.3K | $-35.7K | $65.0K |
When you combine ignorance and leverage, you get some pretty interesting results.