$CIPI
Correlate Energy Corp.

2020 Form 10-K Financial Statement

#000101054921000153 Filed on July 20, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2019
Revenue
YoY Change
Cost Of Revenue $236.0K $556.2K
YoY Change -57.57% -9.41%
Gross Profit -$65.26K $336.1K
YoY Change -119.42% -35.56%
Gross Profit Margin
Selling, General & Admin $108.6K $1.071M
YoY Change -89.86% 28.65%
% of Gross Profit 318.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $419.4K
YoY Change -27.04%
% of Gross Profit 124.79%
Operating Expenses $113.3K $1.490M
YoY Change -92.4% 5.9%
Operating Profit -$178.5K -$1.154M
YoY Change -84.53% 30.32%
Interest Expense -$905.0K
YoY Change 106.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$184.4K -$4.155M
YoY Change -95.56% 368.76%
Income Tax
% Of Pretax Income
Net Earnings -$184.4K -$4.155M
YoY Change -95.56% 368.76%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$2.117K -$290.5K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.38K $0.00
YoY Change -100.0%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $0.00
YoY Change
Inventory
Prepaid Expenses
Receivables $1.250K $70.27K
Other Receivables $0.00 $0.00
Total Short-Term Assets $75.62K $70.27K
YoY Change 7.61% -30.57%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00
YoY Change -100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.300K
YoY Change 0.0%
Total Long-Term Assets $0.00 $2.310K
YoY Change -100.0% -99.92%
TOTAL ASSETS
Total Short-Term Assets $75.62K $70.27K
Total Long-Term Assets $0.00 $2.310K
Total Assets $75.62K $72.58K
YoY Change 4.19% -97.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $413.2K $160.2K
YoY Change 157.89% -84.5%
Accrued Expenses $960.00 $0.00
YoY Change -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $860.00
YoY Change -100.0%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $623.2K $161.1K
YoY Change 286.86% -98.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $623.2K $161.1K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $623.2K $161.1K
YoY Change 286.86% -98.49%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$547.6K -$88.52K
YoY Change
Total Liabilities & Shareholders Equity $75.62K $72.58K
YoY Change 4.19% -97.71%

Cashflow Statement

Concept 2020 2019 Q4 2019
OPERATING ACTIVITIES
Net Income -$184.4K -$4.155M
YoY Change -95.56% 368.76%
Depreciation, Depletion And Amortization $419.4K
YoY Change -27.04%
Cash From Operating Activities $70.00 -$27.02K
YoY Change -100.26% 153.47%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 860.0
YoY Change -108.81%
NET CHANGE
Cash From Operating Activities 70.00 -27.02K
Cash From Investing Activities 0.000
Cash From Financing Activities 860.0
Net Change In Cash $0.00 -26.16K
YoY Change -100.0% -390.99%
FREE CASH FLOW
Cash From Operating Activities $70.00 -$27.02K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
USD
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
USD
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
USD
CY2019 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
USD
CY2019 us-gaap Other Income
OtherIncome
USD
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
USD
CY2019 TCCR Accounts Payable Acquired Reverse Merger
AccountsPayableAcquiredReverseMerger
USD

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