Company Information

  

Address: 1010 ATLANTIC AVENUE  
City: ALAMEDA 
State: CA 
Zip Code: 94501 
Telephone: (510) 479-7635 

Description of Business

Primary SIC Code: 3341
(As filed with the SEC)  

We were formed as a Delaware corporation on June 20, 2014 for the purpose of engaging in the business of recycling lead through a novel, proprietary and patent-pending process that we developed and named "AquaRefining". Since our formation, we have focused our efforts on the development and testing of our AquaRefining process, the development of our business plan, the raise of our present working capital and the development of our initial lead acid battery, or LAB, recycling facility in the Tahoe Regional Industrial Center, McCarran, Nevada ("TRIC"). We have completed the development of our first LAB recycling facility at the Tahoe Regional Industrial Center, McCarran, Nevada, or "TRIC," and commenced production of battery breaking and limited operations during the first quarter of 2017. The TRIC facility will produce recycled lead, consisting of lead compounds, ingoted hard lead and ingoted AquaRefined lead as well as plastic.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/2018-1.32NAN/E
12/2017-1.31NAN/E
09/2017-1.30NAN/E
06/2017-1.23NAN/E
03/2017-1.00NAN/E
12/2016-0.89NAN/E
12/2015-1.47NAN/E
03/2015--NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.23Total Liab/Total Assets0.21
Net Inc/Total Assets-0.36Total Liab/Inv Cap0.22
Net Inc/Inv Cap-0.38Total Liab/Comm Equity0.14
Pretax Inc/Net Sales-12.73Interest Coverage Ratio-14.09
Net Inc/Net Sales-12.73Curr Debt/Equity0.01
Cash Flow/Net Sales-9.10LTD/Equity0.17
SG&A/NetSales3.30Total Debt/Equity0.18
Asset Utilization   Liquidity  
Net Receivables Turnover4.73Quick Ratio6.38
Inventory Turnover14.70Current Ratio6.70
Inventory Day Sales0.02Net Rec/Curr Assets0.03
Net Sales/Work Cap0.10Inv/Curr Assets0.05
Net Sales/PP&E0.05  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 1.73 0.90 0.59 0.60
Cost of Goods Sold 5.44 3.87 3.14 2.53
Selling & Admin Exps 1.78 1.99 1.93 1.44
Operating Income -6.96 -6.53 -5.84 -7.97
Interest Exp 0.59 0.51 0.45 0.41
Pretax Income -7.53 -7.03 -6.29 -8.37
Other Income 0.02 0.01 0.01 0.01
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -7.53 -7.03 -6.29 -8.37

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 17.50 22.79 17.52 22.11
Receivables - Total 1.33 0.88 0.58 0.59
Inventories - Total 0.93 1.24 1.22 1.03
Total Current Assets 20.40 25.68 20.17 24.97
Net Property, Plant & Equipment 46.58 45.73 45.49 44.43
Total Assets 69.96 74.44 68.21 71.93
Liabilities        
Accounts Payable 3.76 3.24 4.43 3.07
Debt in Current Liabilities 0.38 0.41 0.42 0.32
Total Current Liabilities 4.33 3.83 5.03 3.58
Long-Term Debt 10.51 10.17 9.92 9.83
Total Liabilities 16.27 15.48 16.47 14.96
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.03 0.03 0.02 0.02
Retained Earnings -62.37 -54.84 -47.81 -41.52
Treasury Stock NA NA NA NA
Total Stockholders' Equity 53.68 58.97 51.74 56.98
Total Liabilities and Stockholders' Equity 69.96 74.44 68.21 71.93

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities -5.96 -5.68 -4.32 -4.85
Net Cash Provided by Investing Activities -1.34 -2.72 -1.11 -2.50
Net Cash Provided by Financing Activities 2.00 13.67 0.84 -0.10

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20140.00-2.37--
12/20150.00-12.33-1.47
12/20160.00-13.56-0.89
12/20172.09-26.58-1.31
Growth RatesInfinity----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18678,38622.38




Report Date : 7/16/2018

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