MAGNEGAS APPLIED TECHNOLOGY SOLUTIONS, INC. company info

CIK 1353487
IRS Number 260250418
State of incorporation DE
Business address 11885 44TH ST. N.
None
CLEARWATER
FL
33762
Mail address 11885 44TH ST. N.
None
CLEARWATER
FL
33762

Short summary

MAGNEGAS APPLIED TECHNOLOGY SOLUTIONS, INC. is a Florida company, with head office located at 11885 44Th St. N. Clearwater, Florida 33762. In 2018 the company owned a total of 20.07 million USD worth of assets, including 5.35 million USD worth of current assets. The company amassed the most assets last year, totalling up to 20.07 million USD.

MAGNEGAS APPLIED TECHNOLOGY SOLUTIONS, INC. Income Statement

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Revenue, Net 0.022.040.380.680.991.022.433.553.72
Gross Profit 0.011.310.340.130.440.350.961.531.50
Selling, General and Administrative Expense 3.493.986.9910.4811.66
Research and development 0.030.070.080.200.180.390.340.680.17
Operating Expenses 1.261.263.286.816.767.509.6013.6612.46
Operating Income (Loss) -1.250.04-2.94-6.68-6.32-7.15-8.64-12.13-10.96
Interest expense 0.000.0000.19
Other Nonoperating Income (Expense) 0.05-0.00
Income Tax Expense (Benefit) -0.470.0200.4600
Net income -2.94-7.14-6.32-7.15-9.14-17.47-11.02

MAGNEGAS APPLIED TECHNOLOGY SOLUTIONS, INC. Balance Sheet

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Cash and cash equivalents 0.001.050.022.024.31
Accounts Receivable, Net, Current 0.000.010.100.120.140.250.330.401.141.39
Inventories 0.012.170.821.451.732.152.371.711.961.54
Property, Plant and Equipment, Gross 0.063.857.326.046.588.117.888.90
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 0.000.020.190.730.801.211.681.772.362.54
Goodwill 2.112.112.113.343.34
Intangible Assets, Net (Excluding Goodwill) 0.670.600.56
Total assets 1.194.278.1110.3814.8215.6716.5611.2919.5220.07
Current assets 0.022.202.952.798.536.947.152.544.685.35
Accounts payable 0.090.400.500.130.150.240.771.272.201.57
Total current liabilities 0.421.020.950.450.520.677.812.963.442.72
Total liabilities 0.421.020.950.450.521.198.363.524.283.46
Common Stock, Value, Issued 0.110.130.020.020.030.040.050.010.020.06
Retained Earnings (Accumulated Deficit) -2.18-2.87-7.96-15.25-21.58-30.02-42.86-57.58-71.10-74.71

MAGNEGAS APPLIED TECHNOLOGY SOLUTIONS, INC. Cash Flow

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Net income -2.94-7.14-6.32-7.15-9.14-17.47-11.02
Depreciation and amortization 0.650.67
Depreciation 0.010.040.400.440.330.510.600.62
Amortization of Intangible Assets 0.050.050.050.050.050.050.060.06
Depreciation and amortization 0.050.060.080.450.480.380.560.650.67
Deferred Income Tax Expense (Benefit)
Accounts receivable 0.000.010.010.100.010.010.130.11-0.05
Inventories 0.001.550.860.300.06-0.060.090.050.04
Accounts payable -0.020.28-0.090.21-0.25-0.080.27-0.011.35
Net Cash Provided by (Used in) Operating Activities -0.22-0.96-3.13-4.62-3.62
Payments to Acquire Property, Plant, and Equipment 00.040.57-5.040.020.471.161.45
Payments to Acquire Productive Assets 1.450.25
Payments to Acquire Intangible Assets 0.060.05
Net Cash Provided by (Used in) Investing Activities 0-0.04-0.57-5.04-0.02
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -0.02-3.75-0.84-1.48-0.45
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.800.240.67
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.800.240.67
Proceeds from Issuance of Common Stock 0.1824.269.922.3913.1802.79
Net Cash Provided by (Used in) Financing Activities 0.231.914.219.692.39
Cash and Cash Equivalents, Period Increase (Decrease) 0.010.910.51