ENERTECK CORP

CIK:0001128353|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Revenues	$ 27,311	$ 24,031	$ 32,811	$ 100,091
Cost of goods sold	3,010	4,110	3,995	25,388
Gross profit	24,301	19,921	28,816	74,703
General and administrative expenses
Wages	132,093	133,942	400,099	401,950
Depreciation and amortization	3,141	3,141	9,423	9,423
Other selling, general and administrative	81,360	101,654	301,504	304,916
Total expenses	216,594	238,737	711,026	716,289
Operating loss	(192,293)	(218,816)	(682,210)	(641,586)
Other income (expense)
Interest income	4	2	11	4
Other income	52,746	3,948	51,705	6,320
Interest expense	(83,626)	(76,410)	(240,732)	(221,675)
Net loss	$ (223,169)	$ (291,276)	$ (871,226)	$ (856,937)
Loss per common share
Basic and diluted	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)
Weighted average shares outstanding
Basic and diluted	36,380,690	36,380,690	36,380,690	36,380,690

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (871,226)	$ (856,937)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	9,423	9,423
Effects of changes in operating assets and liabilities:
Accounts receivable	(1,443)	(23,001)
Inventory	2,686	(104,765)
Prepaid expenses	(15,886)	(17,190)
Customer advances	(3,000)	0
Accounts payable	79,473	90,516
Accrued interest	239,719	220,313
Accrued compensation	193,827	161,475
Accrued liabilities	42,952	38,823
Deferred revenue	0	(695)
NET CASH USED IN OPERATING ACTIVITIES	(323,475)	(482,038)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	0	(5,224)
NET CASH USED IN INVESTING ACTIVITIES	0	(5,224)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from financing prepaid insurance	0	0
Payments on prepaid insurance financing	(36,120)	(35,991)
Proceeds from notes payable	0	0
Proceeds from related party notes and advances	360,000	500,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	323,880	464,009
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	405	(23,253)
CASH AND CASH EQUIVALENTS, beginning of period	1,035	23,625
CASH AND CASH EQUIVALENTS, end of period	1,440	372
Cash paid for:
Interest	0	1,085
Non-cash financing activities:
Financed portion of prepaid insurance	$ 51,571	$ 46,293

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 1,440	$ 1,035
Inventory	182,630	185,316
Accounts receivable	8,393	6,950
Prepaid expenses	31,123	15,237
Total current assets	223,586	208,538
Intangible assets, net of accumulated amortization of $59,375 and $50,000, respectively	90,625	100,000
Property and equipment, net of accumulated depreciation of $269,322 and $269,274, respectively	6,225	6,273
TOTAL ASSETS	320,436	314,811
Current liabilities
Accounts payable	320,229	276,876
Customer advances	47,900	50,900
Related party notes and advances	4,472,500	4,112,500
Accrued compensation	5,157,814	4,963,987
Accrued interest	2,637,499	2,397,780
Accrued liabilities	344,055	301,103
Total liabilities	12,979,997	12,103,146
Stockholders' deficit
Preferred stock, $.001 par value, authorized 10,000,000 shares, none issued and outstanding at September 30, 2023 and December 31, 2022	0	0
Common stock, $.001 par value, authorized 100,000,000 shares, 36,380,690 issued and outstanding at September 30, 2023 and December 31, 2022	36,381	36,381
Additional paid-in capital	29,495,837	29,495,837
Accumulated deficit	(42,191,779)	(41,320,553)
Total stockholders' deficit	(12,659,561)	(11,788,335)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 320,436	$ 314,811