Ocean Thermal Energy Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Cash & Equivalents	0.17	0.4	0.02	0.12	0	0
Accounts Receivable	0.26	1.08	-	-	-	-
Prepaid Expenses	0.01	0.01	0.01	0.01	0.01	0.01
Total Current Assets	0.43	1.48	0.02	0.12	0.01	0.01
Total Assets	0.43	1.48	0.02	0.12	0.01	0.01
Accounts Payable	23.52	30.47	26.47	22.95	20.52	17.55
Short-Term Debt	8.71	3.68	3.71	5.48	2.9	2.89
Current Portion of Long-Term Debt	-	4.94	4.95	3.21	5.79	5.6
Current Unearned Revenue	-	0.03	-	-	-	-
Other Current Liabilities	12.43	75.69	9.42	12.4	7	3.77
Total Current Liabilities	51.82	114.82	44.56	44.05	36.21	29.81
Long-Term Debt	-	0.07	0.02	-	-	0.23
Total Liabilities	51.82	114.89	44.57	44.05	36.21	30.03
Total Preferred Equity	0	0	0	0	0	0
Common Stock	0.64	0.64	0.19	0.18	0.18	0.17
Additional Paid-In Capital	62.52	62.52	62.52	61.96	60.11	59.38
Retained Earnings	-114.55	-176.56	-107.27	-106.08	-96.5	-89.58
Total Common Equity	-51.39	-113.4	-44.55	-43.93	-36.2	-30.03
Shareholders' Equity	-51.39	-113.4	-44.55	-43.93	-36.2	-30.03
Total Liabilities & Equity	0.43	1.48	0.02	0.12	0.01	0.01
Total Debt	8.71	8.7	8.68	8.69	8.69	8.71
Net Cash (Debt)	-8.55	-8.3	-8.66	-8.58	-8.69	-8.71
Net Cash Per Share	-0.04	-0.04	-0.05	-0.05	-0.05	-0.05
Filing Date Shares Outstanding	190.01	190.01	190.01	184.37	184.37	174.37
Total Common Shares Outstanding	190.01	190.01	190.01	184.37	184.37	174.37
Working Capital	-51.39	-113.33	-44.54	-43.93	-36.2	-29.8
Book Value Per Share	-0.27	-0.60	-0.23	-0.24	-0.20	-0.17
Tangible Book Value	-51.39	-113.4	-44.55	-43.93	-36.2	-30.03
Tangible Book Value Per Share	-0.27	-0.60	-0.23	-0.24	-0.20	-0.17