Ocean Thermal Energy Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Cash & Equivalents	0.4	0.02	0.12	0	0	Upgrade
Accounts Receivable	1.08	-	-	-	-	Upgrade
Prepaid Expenses	0.01	0.01	0.01	0.01	0.01	Upgrade
Total Current Assets	1.48	0.02	0.12	0.01	0.01	Upgrade
Total Assets	1.48	0.02	0.12	0.01	0.01	Upgrade
Accounts Payable	30.47	26.47	22.95	20.52	17.55	Upgrade
Short-Term Debt	3.68	3.71	5.48	2.9	2.89	Upgrade
Current Portion of Long-Term Debt	4.94	4.95	3.21	5.79	5.6	Upgrade
Current Unearned Revenue	0.03	-	-	-	-	Upgrade
Other Current Liabilities	75.69	9.42	12.4	7	3.77	Upgrade
Total Current Liabilities	114.82	44.56	44.05	36.21	29.81	Upgrade
Long-Term Debt	0.07	0.02	-	-	0.23	Upgrade
Total Liabilities	114.89	44.57	44.05	36.21	30.03	Upgrade
Total Preferred Equity	0	0	0	0	0	Upgrade
Common Stock	0.64	0.19	0.18	0.18	0.17	Upgrade
Additional Paid-In Capital	62.52	62.52	61.96	60.11	59.38	Upgrade
Retained Earnings	-176.56	-107.27	-106.08	-96.5	-89.58	Upgrade
Total Common Equity	-113.4	-44.55	-43.93	-36.2	-30.03	Upgrade
Shareholders' Equity	-113.4	-44.55	-43.93	-36.2	-30.03	Upgrade
Total Liabilities & Equity	1.48	0.02	0.12	0.01	0.01	Upgrade
Total Debt	8.7	8.68	8.69	8.69	8.71	Upgrade
Net Cash (Debt)	-8.3	-8.66	-8.58	-8.69	-8.71	Upgrade
Net Cash Per Share	-0.04	-0.05	-0.05	-0.05	-0.05	Upgrade
Filing Date Shares Outstanding	190.01	190.01	184.37	184.37	174.37	Upgrade
Total Common Shares Outstanding	190.01	190.01	184.37	184.37	174.37	Upgrade
Working Capital	-113.33	-44.54	-43.93	-36.2	-29.8	Upgrade
Book Value Per Share	-0.60	-0.23	-0.24	-0.20	-0.17	Upgrade
Tangible Book Value	-113.4	-44.55	-43.93	-36.2	-30.03	Upgrade
Tangible Book Value Per Share	-0.60	-0.23	-0.24	-0.20	-0.17	Upgrade

Source: S&P Capital IQ. Utility template. Financial Sources.