Clean Energy Technologies, Inc.

Listed Company

CETYCIK 0001329606NasdaqNon-AcceleratedSmaller ReportingNatural Gas DistributionNevadaFY ends Dec 31

Period

FY 2024

Revenue

$2.42M

Net Income

$-4.42M

Total Assets

$9.51M

Equity

$2.94M

Shares Out

5.18M

Op. Cash Flow

$-3.56M

Business

Clean Energy Technologies, Inc. develops renewable energy products and turnkey clean energy solutions for small and mid-sized projects. It offers waste heat recovery systems featuring its Clean Cycle™ generator and ORC systems, thermal ablative HTAP waste-to-energy reactors producing electricity, RNG, hydrogen and biochar, engineering, EPC and project management services, and natural gas/LNG trading operations. The company reports four segments: Clean Energy HRS & CETY Europe, CETY Renewables (Waste to Energy), Engineering and Manufacturing, and CETY HK (NG trading). It markets and distributes products and services across North America, Europe and Asia through direct sales, global distributors, EPC contracts and joint ventures.

Summary from filing dated 2025-04-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Total revenue	2	7	3	1	1
Cost of Goods Sold	2	6	1	690,032	654,937
Gross Profit	846,555	460,835	1	610,407	751,068
General and Administrative expense	797,518	679,004	400,322	488,177	480,812
Salaries	2	2	782,657	—	—
Travel	185,876	247,124	166,025	145,170	86,292
Professional Fees	578,937	356,785	315,361	155,241	111,318
Facility lease and Maintenance	285,823	310,004	349,610	346,454	363,643
Consulting	195,640	196,301	119,896	243,371	157,149
Depreciation and Amortization	8,907	26,692	30,076	32,292	32,912
Total Expenses	4	3	2	2	2
Net Loss from Operations	−3	−3	−989,751	−2	−1
Other Income	12,583	79,082	55,403	—	—
Change in derivative liability	—	326,539	−331,495	2	−1
Investment loss from Shuya	−125,148	—	—	—	—
Loss on debt settlement and write down	8,135	−1	—	—	—
Interest and Financing fees	−1	−2	−1	—	—
Net Loss before income taxes	−4	−6	165,678	278,492	−3
Income Tax Expense	—	—	−18,283	—	—
Net loss before non-controlling interest from continuing operations	−4	−6	—	—	—
Net income before non-controlling interest from discontinued operation	—	273,077	—	—	—
Net loss before non-controlling interest from continuing operations	−4	−6	—	—	—
Income Tax Expense	—	−22,173	—	—	—
Net Loss	−4	−6	147,395	278,492	−3
Net income attributable to non-controlling interest	—	127,961	—	−19,059	—
Net loss attributable to Clean Energy Technologies, Inc.	−4	−6	147,395	297,551	−3
Foreign Currency Translation Loss	−60,569	−36,155	−160,673	—	—
Total Comprehensible Loss	−4	−6	−13,278	—	—
Basic weighted average number of common shares outstanding	43	38	28	23	—
Diluted weighted average number of common shares outstanding	43	38	28	—	768
Net loss per common share basic	−0.1	−0.14	0	0	—
Net loss per common share diluted	−0.1	−0.14	0	—	0

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Cash	62,101	89,625	149,272	1	—
Advance to Supplier	195,575	485,430	—	—	—
Deferred Offering Costs	22,750	11,000	204,556	—	—
Due from related party	112,000	—	—	—	—
Loan Receivables	230,464	200,826	116,000	—	—
Inventory	497,003	666,413	500,586	462,192	557,820
Total Current Assets	3	3	4	3	1
Property and Equipment - Net	2,913	4,530	14,816	33,016	53,432
Goodwill	747,976	747,976	747,976	747,976	747,976
LWL Intangibles	1	1	1	1	—
Long Term Investment - Shuya	485,889	—	—	—	—
Long-term financing receivables - net	1	902,354	684,770	684,770	752,500
Advance to Supplier - Prepayment	548,000	563,200	597,816	40,380	—
License	354,322	354,322	354,322	354,322	354,322
Patents	82,910	91,817	103,693	—	—
Right of use asset - long term	166,727	245,975	157,359	395,607	606,569
Other Assets	56,125	67,133	30,892	26,801	25,400
Total Non Current assets	6	5	—	—	—
Assets from discontinued operations	—	2	—	—	—
Total Assets	10	11	8	6	4
Accounts payable	2	506,535	860,434	606,814	2
Accounts payable related party	−33	87,420	—	—	—
Accrued Expenses	465,232	451,285	119,030	143,847	503,595
Customer Deposits	30,061	165,236	80,475	24,040	82,730
Warranty Liability	100,000	100,000	100,000	100,000	100,000
Deferred Revenue	33,000	33,000	33,000	33,000	33,000
Derivative Liability	—	—	588,178	256,683	2
Facility Lease Liability - current	130,483	117,606	186,436	213,474	—
Line of Credit	662,804	626,033	998,820	1	2
Convertible Notes Payable (net of discount of $117,917 and $70,056 respectively)	3	2	3	1	—
Total Current Liabilities	6	4	6	7	10
Facility Lease Liability - long term	38,125	128,480	—	—	—
Accrued Dividend	90,754	47,904	—	—	—
Total Long-Term Debt	128,879	176,384	—	—	—
Liabilities from discontinued operations	—	860,958	—	—	—
Total Liabilities	7	5	6	8	11
Common stock, $.001 par value; 2,000,000,000 shares authorized; 45,331,537 and 39,152,455 shares issued and outstanding as of December 31, 2024 and 2023 respectively	45,332	39,152	37,175	23,589	821,171
Additional paid-in capital	31	28	19	16	9
Accumulated Other Comprehensible Income	−257,396	−196,827	−160,673	—	—
Accumulated deficit	−27	−23	−17	−17	−18
Total Stockholders Equity attributable to Clean Energy Technologies, Inc.	3	5	2	−2	−7
Non-controlling interest	—	757,216	—	−19,059	—
Total Stockholders Equity	3	6	2	−2	−7
Total Liabilities and Stockholders Equity	10	11	8	6	4

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Net Income/(Loss) from discontinued operations	—	250,905	—	—	—
Net income/ (Loss) from continuing operations	—	−6	—	—	—
Depreciation and amortization	10,423	26,859	30,076	—	—
Stock compensation expense	62,250	148,100	—	54,266	73,421
Noncash investment income from Shuya	−170,047	—	—	—	—
Loss on deconsolidation of Shuya	344,889	—	—	—	—
Loss (gain) on debt settlement	—	1	—	—	—
Amortization of debt discount	222,351	846,682	350,470	321,517	—
Deferred offering expense	−11,750	—	−204,556	0	—
Change in derivative liability	—	−326,539	331,495	−2	1
(Increase) decrease in right of use asset	78,541	−88,615	238,248	210,962	215,715
(Increase) decrease in lease liability	−76,848	59,650	−234,816	—	—
(Increase) decrease in prepayments	336,740	−526,148	−557,436	—	—
(Increase) decrease in other assets	49,847	706,117	−4,091	—	—
(Increase) decrease in inventory	38,441	−469	−38,394	95,629	72,384
(Decrease) increase in accounts payable	1	−273,057	312,460	−44,855	230,200
(Decrease) increase in accrued interest	184,185	26,771	155,162	—	—
Other (Decrease) increase in accrued expenses	−66,874	352,645	—	−379,239	55,666
Other (Decrease) increase in other payables - related party	—	−709,751	—	—	—
Other (Decrease) increase in customer deposits	−145,290	87,339	56,435	—	—
Net cash used in continuing operations	−4	−5	—	—	—
Net cash used in discontinued operations	—	−93,262	—	—	—
Net Cash Used In Operating Activities	−4	−5	−2	−3	−1
Purchase of intangible assets	—	−90	—	—	—
Purchase of fixed assets	—	−4,621	—	—	—
Loan receivables	111,200	—	—	—	—
Net cash used in continuing operations	161,240	−291,629	—	—	—
Net cash used in discontinued operations	—	−26,973	—	—	—
Cash Flows Used In Investing Activities	161,240	−318,602	−1	−2	—
Proceeds from notes payable and lines of credit	2	2	2	975,000	1
Proceeds from warrants exercised	—	987,204	—	—	—
Due from related party	−112,000	—	—	—	—
Loan to Rongjun	—	84,720	—	—	—
Payments on notes payable and line of credit	−492,851	−2	−807,312	—	−507,168
Stock issued for cash	2	3	1	—	—
Net cash provided by continuing operations	3	5	—	—	—
Net cash provided by discontinued operations	—	205,704	—	—	—
Cash Flows Provided By Financing Activities	3	5	3	5	2
Foreign Currency Transaction	−1,717	30,776	−160,673	—	—
Net (Decrease) Increase in Cash and Cash Equivalents	−27,525	25,580	−1	777,431	407,479
Interest Paid	268,668	257,149	671,510	187,207	200,671
Discount on new notes	239,871	239,800	471,278	—	413,113
Shares issued for warrants	—	261,639	—	423,011	198,800
Shares issued for preferred conversions	—	3	—	450,000	200,000
Shares issued for debt conversions	—	666,250	2	—	—
Warrants issued in conjunction for convertible notes payable	—	609,617	—	—	—
Dividend accrued	42,751	—	—	—	—

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