ENERGY & TECHNOLOGY CORP.

CIK:0001432963|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Revenues	$ 758,745	$ 733,091	$ 2,592,772	$ 2,112,773
Cost of Revenues
Materials and Supplies	24,320	72,960	158,100	262,008
Subcontract Labor	132,393	191,767	429,599	475,575
Depreciation	36,247	64,463	92,191	193,389
Employees and Related Costs	203,026	102,501	489,410	325,448
Repairs and Maintenance	39,549	74,097	109,516	150,504
Insurance	6,328	13,666	71,250	45,928
Other Costs	101,634	113,340	370,655	374,299
Total Cost of Revenues	543,496	632,795	1,720,720	1,827,151
Gross Profit	215,248	100,296	872,052	285,622
Operating Expenses
Selling, General, and Administration	279,705	376,812	840,700	1,056,683
Depreciation	27,054	27,525	81,161	82,576
Total Operating Expenses	306,759	404,337	921,861	1,139,259
Loss from Operations	(91,510)	(304,042)	(49,809)	(853,637)
Income from Claim Settlement		61,397	78,281	61,397
Income from Lawsuit Settlement				105,816
Investment Income (Expense)	0	(53)	43	(1,514)
Interest Expense	(50,434)	(127,809)	(157,980)	(139,509)
Total Other Income (Expense)	(50,434)	(66,465)	(79,656)	26,190
Loss Before Provision for Income Taxes	(141,944)	(370,506)	(129,466)	(827,447)
Benefit for Income Taxes	0	0	0	0
Income/(Loss)	$ (141,944)	$ (370,506)	$ (129,466)	$ (827,447)
Loss per Share - Basic
Loss per Share - Diluted

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Sep. 30, 2018	Sep. 30, 2017
Cash Flows from Operating Activities
Net Income (Loss)	$ (129,466)	$ (827,447)
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
Depreciation	173,353	275,965
Accrued Interest		118,057
Fair Value of Investments	(43)	1,632
Changes in Assets and Liabilities
Trade Receivables	(120,388)	(153,651)
Inventory		104,748
Prepaid Expenses	(23,587)	(15,623)
Accounts Payable	99,066	250,643
Accrued Payroll and Payroll Liabilities	(2,434)	(99,791)
Accrued Rent	112,500	112,500
Net Cash Provided by Operating Activities	110,859	(232,967)
Cash Flows from Investing Activities
Other Assets	(52,198)	(38,732)
Purchase of Property and Equipment	(7,461)	(35,501)
Net Cash Provided by (Used in) Investing Activities	(59,659)	(74,233)
Cash Flows from Financing Activities
Borrowings (Principal Repayments) to Affiliates	(119,273)	319,186
Borrowings (Principal Repayments) on Notes Payable	149,011	(4,647)
Net Cash Provided by (Used in) Financing Activities	29,738	314,539
Net Increase (Decrease) in Cash and Cash Equivalents	80,938	7,339
Cash and Cash Equivalents, Beginning of Year	36,168	158,068
Cash and Cash Equivalents, End of Year	117,106	165,407
Supplemental Disclosure of Cash Flow Information
Cash Paid During the Period for Interest	11,098	21,452
Cash Paid During the Period for Income Taxes

Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Current Assets
Cash and Cash Equivalents	$ 117,106	$ 36,168
Investments	2,332	2,289
Accounts Receivable
Trade, Net	393,571	273,183
Inventory, Net	903,373	903,373
Prepaid Expenses	74,422	50,835
Other Current Assets	178,366	126,168
Total Current Assets	1,669,170	1,392,016
Property and Equipment, Net
Held for Operations, Net	1,933,949	2,099,840
Construction in Progress	350,418	350,418
Total Property and Equipment, Net	2,284,366	2,450,258
Total Assets	3,953,537	3,842,274
Current Liabilities
Accounts Payable	1,077,806	978,740
Accrued Liabilities	79,601	82,035
Accrued Rent	2,520,000	2,407,500
Current Maturities of Notes Payable	4,580,873	4,425,147
Due to Affiliates	739,271	856,687
Income Taxes Payable	25,287	25,287
Total Current Liabilities	9,022,838	8,775,396
Long-Term Liabilities
Notes Payable	6,427	13,142
Total Liabilities	9,029,265	8,788,538
Stockholders' Equity
Preferred Stock - $.001 Par Value; 10,000,000 Shares Authorized, None Issued
Common Stock - $.001 Par Value; 250,000,000 Shares Authorized, 169,198,117 Shares Issued at September 30, 2018 and December 31, 2017, respectively	169,198	169,198
Paid-In Capital	4,209,592	4,209,592
Treasury Stock, at cost (3,637,351 Shares)	(4,076,441)	(4,076,441)
Retained Earnings	(5,378,078)	(5,248,612)
Total Stockholders' Equity	(5,075,728)	(4,946,263)
Total Liabilities and Stockholders' Equity	$ 3,953,537	$ 3,842,274