Ocean Thermal Energy Corp
AI Executive Summary
AI-powered analysis of 10-Q filing content
Ocean Thermal Energy Corp exhibits severe financial distress with total assets of only $430K against $51.8M in liabilities, creating a massive stockholders' deficit of $51.4M. Despite reporting $62M net income driven entirely by a $63.3M derivative liability revaluation gain, the company faces operational losses, negative gross margins, and critically low cash of $166K.
Red Flags Detected (8)
Massive stockholders' deficit of $51.4M indicates technical insolvency
Total assets of $430K completely overwhelmed by $51.8M in liabilities
Critically low cash position of $166K declined 59% from $404K in Q4 2025
5 more red flags detected
Key Takeaways
Company is technically insolvent with liabilities exceeding assets by over 120x
Reported $62M profit is entirely artificial from derivative revaluation, not operations
2 more takeaways
Filing Overview
What This Means
High Risk Filing: This company is showing signs of financial stress or significant operational challenges.
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Quarterly Report: Interim filing with unaudited financial data for the quarter.