Clean Energy Technologies posts restated Q1 net loss of $660,058
Clean Energy Technologies, Inc. CETY | 0.00 |
- Clean Energy Technologies filed a Form 10-Q/A with restated financial statements for the quarter ended March 31, 2025, citing material historical accounting errors.
- Restated revenue fell to USD 441,940 from USD 615,835 previously reported; sales were reduced by USD 350,000 tied to receivables.
- Net loss widened to USD 660,058 from USD 331,231 previously reported; cost of sales dropped USD 33,325, lifting inventory.
- Balance sheet restatement cut total assets to USD 8.97 million from USD 10.09 million; long-term financing receivables were reduced to zero.
- Restatement added a USD 95,986 warrant liability; stockholders’ equity fell to USD 1.64 million from USD 2.95 million previously reported.
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