ENSV · As filed with the SEC
Enservco cash flow statement, by quarter
The statement as Enservco presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Condensed Consolidated Statements of Cash Flows (Unaudited) · USD thousands
| USD thousands | Q3 2024† 3 months ended Sep 30, 2024 | Q2 2024† 3 months ended Jun 30, 2024 | Q1 2024 3 months ended Mar 31, 2024 | Q4 2023† 3 months ended Dec 31, 2023 | Q3 2023† 3 months ended Sep 30, 2023 | Q2 2023† 3 months ended Jun 30, 2023 | Q1 2023 3 months ended Mar 31, 2023 | Q4 2022† 3 months ended Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities: | ||||||||
| Net loss | (2,199)† | (2,327)† | 740 | (1,943)† | (3,016)† | (2,554)† | (1,004) | (1,704)† |
| Net loss from discontinued operations | — | — | — | — | — | — | — | 0† |
| Loss from continuing operations | — | — | — | — | — | — | — | (1,704)† |
| Adjustments to reconcile net loss from continuing operations to net cash provided by (used in) operating activities: | ||||||||
| Depreciation and amortization | (50)† | 289† | 767 | 1,922† | 905† | 945† | 971 | 1,030† |
| Gain on disposal of assets | — | (23)† | 0 | 93† | 66† | (174)† | (1) | 42† |
| Impairment loss | — | — | — | 546† | 0† | — | — | 0† |
| Write-off of inventories | — | — | — | 1† | — | — | — | 0† |
| Gain on debt extinguishment | — | — | — | 0† | 0† | 0† | 0 | 0† |
| Paycheck Protection Program CARES Act | — | — | — | — | — | — | — | 0† |
| Interest paid-in-kind on LSQ Facility | 35† | 55† | 126 | 0† | 0† | 0† | 0 | 0† |
| Conversion of Subordinated Debt to Equity | — | — | — | — | — | — | — | 0† |
| Stock-based compensation expense | 37† | 47† | 76 | 126† | 71† | (16)† | 196 | 156† |
| Severance cost incurred through issuance of restricted shares | — | — | — | 0† | 0† | — | — | 0† |
| Amortization of debt issuance costs and discount | 7† | 50† | 77 | 70† | 69† | 69† | 70 | 54† |
| Inducement costs related to note conversions | 22† | — | — | — | 0† | — | — | — |
| Deferred income tax benefit | 0† | 0† | 0 | (35)† | 0† | 0† | (16) | 0† |
| Bad debt recovery | 0† | — | — | 50† | 0† | — | — | (94)† |
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | (3,103)† | 2,755† | (58) | 51† | (50)† | 3,008† | 243 | (3,101)† |
| Inventories | 50† | 7† | (10) | 26† | 58† | (26)† | (1) | (71)† |
| Prepaid expense and other current assets | 521† | 330† | 178 | 616† | 628† | (11)† | 481 | 778† |
| Amortization of operating lease assets | (154)† | 118† | 132 | 408† | 148† | 143† | 139 | 137† |
| Other assets | 0† | 0† | 1 | 269† | 3† | 2† | 17 | 178† |
| Accounts payable and accrued liabilities | 1,153† | 112† | (924) | (778)† | 444† | (560)† | (1,189) | 572† |
| Operating lease liabilities | 161† | (162)† | (138) | (427)† | (158)† | (154)† | (143) | (141)† |
| Other liabilities | (17)† | (10)† | 92 | (9)† | 211† | (39)† | (242) | (232)† |
| Net cash used in operating activities - continuing operations | — | — | — | — | — | — | — | (2,396)† |
| Net cash provided by operating activities - discontinued operations | — | — | — | — | — | — | — | 0† |
| Net cash provided by (used in) operating activities | (713)† | 2,124† | 1,059 | (2,050)† | (486)† | 865† | (479) | (2,396)† |
| Investing Activities: | ||||||||
| Purchases of property and equipment | 16† | (15)† | (77) | (210)† | (31)† | (35)† | (49) | 0† |
| Proceeds from disposals of property and equipment | — | 23† | 0 | 1,271† | 456† | 216† | 9 | 202† |
| Purchase of intangible | 0† | (25)† | (67) | — | 0† | 0† | — | — |
| Collections on note receivable | — | 19† | 19 | 19† | 18† | 19† | 25 | 0† |
| Net cash used in investing activities - continuing operations | — | — | — | — | — | — | — | 202† |
| Net cash provided by investing activities - discontinued operations | — | — | — | — | — | — | — | 0† |
| Net cash provided by investing activities | 555† | 2† | (125) | 1,137† | 443† | 200† | (15) | 202† |
| Financing Activities: | ||||||||
| Proceeds from February 2023 Offering, net | — | — | — | — | — | — | 2,952 | 0† |
| Stock issuance costs and registration fees | — | — | — | — | — | — | — | 0† |
| The February 2023 Public Offering | 0† | 0† | 0 | 0† | 0† | 0† | — | 0† |
| Proceeds from exercise of pre-funded warrants | 0† | — | — | 3† | 8† | — | — | 0† |
| LSQ Facility repayments, net | — | — | — | — | — | — | — | 0† |
| L S Q | — | (1,620)† | 140 | 1,639† | 44† | (1,819)† | (334) | 2,095† |
| Utica | (1,629)† | (263)† | (545) | (720)† | (665)† | (314)† | (294) | (366)† |
| Troubled debt restructuring accrued future interest payments | — | — | — | 0† | 0† | 0† | 0 | 0† |
| Libertas Notes repayments | — | — | — | 0† | 0† | 0† | 0 | (700)† |
| Term loan repayment consummated in conjunction with Refinance | — | — | — | 0† | 0† | 0† | 0 | 0† |
| L S Q | — | — | — | 0† | 0† | 0† | 0 | 0† |
| Utica | — | — | — | 0† | 0† | 0† | 0 | 0† |
| March 2022 Convertible Note | — | — | — | 0† | 0† | 0† | 0 | 162† |
| July 2022 Convertible Note | — | — | — | 0† | — | — | — | 0† |
| Cross River Revolver | — | — | — | 0† | — | — | — | 525† |
| Repayments of long-term debt | — | — | — | — | (16)† | (15)† | (15) | (15)† |
| Repayments of long-term debt | 0† | 0† | 0 | (8)† | (16)† | (15)† | — | — |
| Repayments of financed insurance | (516)† | (385)† | (256) | (663)† | (547)† | (250)† | (80) | (673)† |
| Payments of finance leases | — | — | — | — | — | — | — | (15)† |
| Net cash provided by financing activities - continuing operations | — | — | — | — | — | — | — | 2,018† |
| Net cash used in financing activities - discontinued operations | — | — | — | — | — | — | — | 0† |
| Payments of finance leases | 0† | — | — | 1† | 0† | (11)† | 1 | (15)† |
| Net cash used in financing activities | (2)† | (2,268)† | (661) | 814† | (88)† | (2,405)† | 2,230 | 2,018† |
| Net (Decrease) Increase in Cash and Cash Equivalents | (160)† | (142)† | 273 | (99)† | (131)† | (1,340)† | 1,736 | (176)† |
| Cash and Cash Equivalents, beginning of period | 332 | 474 | 201 | 300 | 431 | 1,771 | 35 | 211 |
| Cash and Cash Equivalents, end of period | 172 | 332 | 474 | 201 | 300 | 431 | 1,771 | 35 |
| Supplemental Cash Flow Information: | ||||||||
| Cash paid for interest | 226† | 252† | 256 | 264† | 459† | 633† | 312 | 181† |
| Non-Cash Investing and Financing Activities: | ||||||||
| Establishment of EWB Obligation in conjunction with the Refinance | — | — | — | 0† | 0† | 0† | 0 | 0† |
| Partial conversion of March 2022 Convertible Note to equity | — | — | — | — | — | — | 1,051 | 0† |
| Financed insurance consummated with insurance renewals | 282† | — | — | 0† | 295† | — | — | 0† |
| November 2022 Convertible Note Into Common Stock | 0† | — | — | — | 0† | — | — | — |
| March 2022 Convertible Note Into Common Stock | 0† | 0† | 0 | 0† | 0† | 149† | — | 0† |
| July 2022 Convertible Note Into Common Stock | 0† | — | — | 0† | 0† | — | — | 0† |
| Lease liability at inception of new facility operating lease | 0† | — | — | — | 0† | — | — | — |
| Board compensation issued in equity | (175)† | — | — | 0† | 0† | 82† | 0 | 0† |
| Conversion of unamortized debt discount to equity | 0† | — | — | — | 0† | — | — | 0† |
| Acquisition of assets of OilServ, LLC through issuance of common shares | — | — | — | 0† | — | — | — | 0† |
† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.