$CIPI
Correlate Energy Corp.

2021 Form 10-K Financial Statement

#000101054922000106 Filed on April 14, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $98.45K $0.00
YoY Change
Cost Of Revenue $88.75K $60.00K $236.0K
YoY Change -62.39% -57.57%
Gross Profit $9.700K -$60.00K -$65.26K
YoY Change -114.86% -119.42%
Gross Profit Margin 9.85%
Selling, General & Admin $35.62K $2.130K $108.6K
YoY Change -67.19% -89.86%
% of Gross Profit 367.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $36.64K $2.130K $113.3K
YoY Change -67.66% -92.4%
Operating Profit -$26.94K -$62.13K -$178.5K
YoY Change -84.91% -84.53%
Interest Expense -$15.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$15.00K $0.00
YoY Change
Pretax Income -$90.25K -$62.13K -$184.4K
YoY Change -51.05% -95.56%
Income Tax
% Of Pretax Income
Net Earnings -$90.25K -$62.13K -$184.4K
YoY Change -51.05% -95.56%
Net Earnings / Revenue -91.67%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share -$1.816K -$908.10 -$2.117K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $252.2K $1.700K $74.38K
YoY Change 239.06%
Cash & Equivalents $74.38K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $40.81K $1.250K
Other Receivables $0.00 $0.00
Total Short-Term Assets $293.0K $1.700K $75.62K
YoY Change 287.46% 7.61%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.164M $0.00
YoY Change -100.0%
TOTAL ASSETS
Total Short-Term Assets $293.0K $1.700K $75.62K
Total Long-Term Assets $1.164M $0.00
Total Assets $1.457M $1.700K $75.62K
YoY Change 1826.87% 4.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $819.4K $228.4K $413.2K
YoY Change 98.3% 157.89%
Accrued Expenses $58.35K $48.83K $960.00
YoY Change 5978.13%
Deferred Revenue
YoY Change
Short-Term Debt $30.00K $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.004M $277.2K $623.2K
YoY Change 61.15% 286.86%
LONG-TERM LIABILITIES
Long-Term Debt $20.40K $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $20.40K $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.004M $277.2K $623.2K
Total Long-Term Liabilities $20.40K $0.00 $0.00
Total Liabilities $1.025M $277.2K $623.2K
YoY Change 64.42% 286.86%
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 $432.4K -$547.6K -$547.6K
YoY Change
Total Liabilities & Shareholders Equity $1.457M $1.700K $75.62K
YoY Change 1826.87% 4.19%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income -$90.25K -$62.13K -$184.4K
YoY Change -51.05% -95.56%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$39.65K -$2.130K $70.00
YoY Change -56742.86% -100.26%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $217.5K $0.00
YoY Change
Cash From Investing Activities $217.5K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -39.65K -2.130K 70.00
Cash From Investing Activities 217.5K
Cash From Financing Activities 0.000
Net Change In Cash $0.00 -2.130K $0.00
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities -$39.65K -$2.130K $70.00
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q4 us-gaap Goodwill
Goodwill
USD
CY2020Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
USD
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
USD
CY2021Q4 CIPI Safe Investments
SAFEInvestments
USD
CY2020Q4 us-gaap Notes Payable
NotesPayable
USD
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2020 us-gaap Interest Expense
InterestExpense
USD
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
USD
CY2020 CIPI Operating Expenses Paid By Shareholder
OperatingExpensesPaidByShareholder
USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
USD
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
CY2021 us-gaap Interest Paid
InterestPaid
USD
CY2020 us-gaap Interest Paid
InterestPaid
USD
CY2020 CIPI Common Shares Issued Conversion Of Safe Investments
CommonSharesIssuedConversionOfSAFEInvestments
USD
CY2020 CIPI Proceeds From Merger And Acquisition
ProceedsFromMergerAndAcquisition
USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
USD
CY2020 CIPI Assets And Liabilities From Merger
AssetsAndLiabilitiesFromMerger
USD
CY2020 CIPI Assets And Liabilities From Acquisition
AssetsAndLiabilitiesFromAcquisition
USD
CY2021Q4 CIPI Deferred Tax Assets Temporary Differences
DeferredTaxAssetsTemporaryDifferences
USD
CY2020Q4 CIPI Deferred Tax Assets Temporary Differences
DeferredTaxAssetsTemporaryDifferences
USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
USD

Files In Submission

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