Liqtech international inc (LIQT)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Current Assets:
Cash, cash equivalents and restricted cash

6,299

9,783

-

-

-

3,776

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash

-

-

9,957

12,572

2,483

-

3,861

4,491

827

2,486

528

1,280

515

1,208

237

637

1,316

1,370

2,347

3,101

3,079

5,853

6,736

1,265

3,729

4,884

1,562

2,066

3,115

3,873

3,710

5,166

6,552

1,033

-

-

559

Restricted Cash

-

-

1,678

783

117

-

-

-

-

-

-

-

-

-

0

0

0

292

0

-

193

218

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net of allowance for doubtful accounts of $599,863 and $612,434 at March 31, 2020 and December 31, 2019, respectively

8,042

6,272

6,560

8,460

2,711

1,308

2,453

1,444

1,144

1,124

1,613

1,566

1,269

1,111

4,356

3,057

2,691

3,191

3,917

1,618

1,841

1,992

3,804

2,893

1,786

2,341

1,926

1,943

2,782

2,855

4,397

4,037

5,309

5,299

-

-

3,029

Cost in excess of billing

-

-

-

-

-

-

-

-

533

-

753

727

615

642

1,195

1,174

590

2,519

480

572

742

1,172

1,065

518

426

406

445

254

217

217

-

-

-

256

-

-

-

Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

397

0

-

Accounts Receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,668

-

-

Other Receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

957

-

-

Inventories, net of allowance for excess and obsolete inventory of $654,895 and $665,308 at March 31, 2020 and December 31, 2019, respectively

5,324

5,199

5,186

4,713

4,296

4,432

4,253

4,494

4,843

4,661

4,810

5,145

5,223

5,174

5,220

5,207

5,563

4,916

4,461

5,091

4,763

4,914

5,397

4,611

4,755

4,258

4,818

4,559

4,249

4,111

4,067

3,563

3,399

2,980

2,447

-

1,885

Unbilled receivables

-

-

-

-

-

1,098

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

-

-

203

201

250

133

38

66

126

28

16

139

122

62

71

79

43

13

3

91

110

55

89

103

133

12

42

49

72

130

220

163

285

301

235

-

110

Other receivables

-

-

3,697

3,303

3,622

-

677

314

386

636

342

331

310

306

343

307

198

505

268

153

167

344

261

42

253

231

194

247

286

371

1,005

644

785

1,528

-

-

517

Deposits

-

-

-

1,203

945

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract assets

5,137

5,664

641

506

1,442

624

703

1,320

-

490

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

822

566

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net current tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72

163

175

172

127

72

71

109

133

-

-

104

-

-

-

-

-

-

-

-

-

-

-

Current deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41

84

-

280

280

267

267

102

41

47

17

0

-

7

Total Current Assets

25,625

27,487

27,925

31,745

15,870

11,373

11,987

12,132

7,862

9,427

8,065

9,190

8,057

8,506

11,497

10,627

10,579

12,983

11,606

10,702

10,970

14,662

17,487

9,475

11,167

12,239

9,271

9,401

10,992

11,826

13,503

13,616

16,379

11,416

9,705

0

6,108

Long-Term Assets:
Property and Equipment, net

5,529

4,825

2,783

1,451

1,484

1,431

1,605

1,633

1,810

1,959

2,123

2,285

2,482

2,633

2,885

3,119

3,416

3,538

3,734

3,854

4,027

4,524

4,856

5,201

5,528

5,829

5,958

6,136

6,298

6,649

6,563

6,676

7,049

6,647

6,321

-

6,423

Operating lease right-of-use assets

4,876

5,053

2,200

1,925

1,930

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits and other

488

498

-

-

-

353

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Construction in progress

-

-

2,138

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Property and Equipment and right of use assets

-

-

-

3,377

3,415

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long term receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

118

-

-

-

-

-

-

-

Investments at cost

-

-

5

5

5

-

5

5

6

6

5

5

5

5

22

22

22

21

5

5

5

6

6

6

6

6

181

175

162

158

148

145

41

6

-

-

-

Long term deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,628

2,241

-

1,121

802

362

75

-

-

-

-

-

-

-

Intangible assets, net

456

488

-

-

0

0

1

1

2

3

3

4

4

5

7

8

9

10

11

13

13

16

18

21

23

24

25

26

26

29

29

30

33

34

-

-

81

Other Intangible Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46

-

-

Other Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-

-

Deposits

-

-

475

445

347

-

350

353

332

283

297

278

264

261

274

259

267

252

247

236

229

259

265

272

274

271

205

180

177

182

200

144

150

146

44

-

43

Long term deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

591

851

962

3,684

4,182

4,353

3,696

3,496

3,022

-

-

1,863

-

-

-

-

-

-

-

-

-

-

-

Goodwill

231

236

605

-

-

-

-

-

-

-

-

-

-

-

7,757

7,728

7,913

7,582

7,777

7,767

7,459

8,460

7,980

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Other Assets

-

-

-

451

353

-

358

361

341

293

307

288

274

272

8,652

8,869

9,175

11,551

12,225

12,376

11,404

12,238

11,293

2,929

2,546

2,166

1,534

1,184

728

563

378

320

225

186

-

-

125

Total Other Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97

-

-

Total Long-Term Assets

11,583

11,102

8,208

-

-

1,786

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Assets

37,208

38,589

36,133

35,573

19,639

13,159

13,951

14,127

10,015

11,679

10,496

11,764

10,814

11,412

23,035

22,616

23,171

28,073

27,566

26,933

26,402

31,425

33,637

17,606

19,242

20,235

16,763

16,723

18,019

19,040

20,446

20,613

23,654

18,250

16,125

0

12,656

Current Liabilities:
Current portion of notes payable

-

-

-

-

-

-

-

-

-

-

16

15

14

15

15

15

17

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

259

449

-

100

Lines of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

-

-

-

-

-

-

-

-

-

1,259

517

-

1,033

Accounts Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

-

Notes payable - related party, net of discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,467

3,328

-

1

-

Current portion of notes payable - related party, net of discount of $98,936 and $0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,666

-

-

Current portion of capital lease obligations

-

-

-

-

-

-

74

11

13

26

7

9

91

45

79

116

147

150

158

156

147

170

181

192

201

208

207

204

200

203

197

190

199

191

209

-

156

Accounts payable

3,226

4,339

3,703

4,717

5,541

2,122

1,474

1,524

2,073

1,775

2,290

2,066

2,489

2,262

2,806

1,594

1,546

3,455

2,579

1,567

1,430

2,336

2,077

1,508

1,644

1,586

1,444

1,283

2,295

2,289

1,407

1,291

2,309

3,026

2,926

-

1,065

Accrued expenses

3,290

3,222

3,623

3,008

2,378

1,868

1,607

1,098

1,291

1,725

2,197

2,727

2,526

2,385

1,418

1,269

1,274

1,441

1,223

996

1,029

1,439

1,254

1,105

979

1,440

703

810

590

760

833

917

1,575

1,375

757

-

718

Current portion of finance lease obligations

34

34

-

5

6

13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of operating lease liabilities

985

999

681

603

459

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of contingent earn-out

293

299

291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities

1,351

1,421

1,165

1,466

838

615

440

454

-

306

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billing in excess of cost

-

-

-

-

-

-

-

-

559

-

15

14

47

106

123

126

157

175

40

48

-

0

45

89

103

96

170

189

236

237

-

-

-

93

-

-

-

Income taxes payable

14

14

31

-

-

0

0

0

0

-

0

0

0

0

0

0

0

0

0

-

-

0

-

2

2

2

1

1

1

1

157

81

126

3

-

-

-

Deferred revenue

-

-

842

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue / customers deposits

-

-

-

571

289

-

724

428

443

933

720

366

142

192

90

226

101

117

271

1,389

71

144

75

267

1,216

1,212

399

287

230

265

-

-

-

-

-

-

-

Accrued Income Taxes Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

164

-

-

Other accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

3

5

-

7

-

7

Interest Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Total Current Liabilities

9,195

10,332

10,339

10,373

9,513

4,619

4,321

3,518

4,383

4,767

5,248

5,201

5,312

5,008

4,534

3,349

3,245

5,340

4,273

4,157

2,679

4,091

3,637

3,164

4,147

4,546

2,926

2,774

3,555

3,757

2,602

2,485

7,684

9,538

8,698

15

3,080

Deferred tax liability

316

338

210

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease obligations, net of current portion

160

172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities, net of current maturities

3,994

4,141

1,561

1,352

1,504

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent earn-out, net of current portion

586

599

583

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term notes payable, less current portion

-

-

-

-

-

-

-

-

-

-

32

35

36

39

45

48

51

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

350

0

8

400

Long-term capital lease obligations, less current portion

-

-

-

-

-

-

-

-

-

-

21

20

20

93

123

126

141

165

203

244

272

368

436

458

505

554

593

622

656

729

798

828

929

950

1,036

-

925

Deferred tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

428

472

628

668

394

-

480

Total Long-term Liabilities

5,058

5,252

2,354

1,352

1,504

-

-

-

-

-

53

56

57

133

169

174

193

165

203

244

272

368

436

458

505

554

593

622

656

729

1,226

1,300

1,558

1,968

1,431

-

1,805

Total Liabilities

14,253

15,584

12,694

11,725

11,017

4,619

4,321

3,518

4,383

4,767

5,302

5,257

5,370

5,142

4,703

3,524

3,438

5,506

4,476

4,402

2,952

4,460

4,073

3,622

4,653

5,100

3,519

3,397

4,211

4,486

3,829

3,786

9,243

11,507

10,130

23

4,886

Commitment and Contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders' Equity:
Series A Mandatory Convertible Preferred stock; par value $0.001, 2,500,000 shares authorized, 0 and 0 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

-

-

-

-

-

-

0

0

2

2

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock; par value $0.001, 25,000,000 shares authorized, 20,555,880 and 20,547,668 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

20

20

20

20

18

18

72

72

44

44

44

44

36

36

39

39

39

39

39

39

39

39

39

27

27

27

24

24

24

24

24

24

24

21

21

94

9

Additional paid-in capital

61,539

61,398

61,483

61,538

46,849

46,552

46,356

46,356

40,517

40,457

37,961

37,961

36,084

36,084

36,120

36,120

36,120

36,087

35,991

35,791

35,632

35,632

35,568

19,103

19,103

18,700

15,307

14,857

12,658

12,658

12,680

12,680

12,835

5,603

5,212

29

2,532

Treasury stock, at cost, 0 and 46,070 shares held at December 31, 2011 and December 31, 2010

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

25

Accumulated deficit

-31,943

-32,246

-31,448

-32,105

-32,251

-32,286

-31,190

-30,268

-30,004

-28,471

-27,516

-26,037

-24,784

-24,011

-12,613

-11,675

-11,346

-7,592

-7,726

-8,348

-6,554

-5,382

-3,486

-3,834

-3,072

-2,316

-371

532

1,840

2,510

4,626

5,054

5,607

5,284

4,765

-147

4,367

Deferred compensation

-

-

23

29

35

-

46

52

61

79

58

82

112

148

238

351

456

590

599

506

431

504

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-526

-1,018

-1,190

-1,008

-1,273

-1,550

-94

-125

-170

-203

-235

-268

-

-

-

Accumulated other comprehensive loss

-6,662

-6,166

-6,591

-5,577

-5,958

-5,744

-5,562

-5,499

-4,865

-5,040

-5,236

-5,379

-5,780

-5,691

-4,975

-5,041

-4,625

-5,376

-4,615

-4,445

-5,215

-2,835

-2,046

-314

-300

-292

-471

-565

-649

-542

-570

-755

-378

-596

-310

-

-256

Note receivable from a shareholder, net of discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,467

3,328

-

-

80

Non-controlled interest in subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-20

16

15

20

22

24

28

26

28

28

26

26

25

26

-

-

1,222

Total Stockholders' Equity

22,954

23,005

23,439

23,847

8,621

8,539

9,629

10,609

5,631

6,912

5,194

6,506

5,443

6,269

18,332

19,091

19,732

22,567

23,089

22,530

23,450

26,965

29,564

13,983

14,589

15,134

13,244

13,325

13,808

14,553

16,617

16,827

14,411

6,743

-

-

7,770

Note Receivable from a Shareholder, net of discount of $98,936 and $0, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,719

-

-

Uncontrolled Interest in Subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

-

-

Total Stockholders' Equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,994

-23

-

Total Liabilities and Stockholders' Equity

37,208

38,589

36,133

35,573

19,639

13,159

13,951

14,127

10,015

11,679

10,496

11,764

10,814

11,412

23,035

22,616

23,171

28,073

27,566

26,933

26,402

31,425

33,637

17,606

19,242

20,235

16,763

16,723

18,019

19,040

20,446

20,613

23,654

18,250

16,125

0

12,656