BLUE BIOFUELS, INC. (BIOF)
Blue Biofuels, Inc., through its various subsidiaries, is committed to developing sustainable solutions in the renewable energy, biofuels, and bioplastics sectors. A core innovation for the company is its proprietary Cellulose-to-Sugar (CTS 2.0) process, an advanced mechanical and chemical dry method that efficiently converts cellulosic materials into valuable sugar and lignin, destined for use in the biofuels industry. Furthermore, the company maintains a license for the Vertimass Process, enabling the conversion of ethanol into sustainable aviation fuel. Established in 2012, this Palm Beach Gardens, Florida-based enterprise was formerly known as Alliance Bioenergy Plus, Inc., adopting its current name, Blue Biofuels, Inc., in August 2021.
Sector: Industrial Organic Chemicals
Industry: Chemicals - Specialty
Blue Biofuels, Inc.
OTC:BIOFBasic Materials · Chemicals - Specialty
+10.35%$0.1149
Mkt Cap$37.25M
Float180.74M
O/S324.17M
Inst Own0.0%
SI0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$2.87M
Total Assets$1.41M
Free Cash Flow-$914K
Debt & Equity
Total Debt$2.21M
Total Equity-$3.71M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BIOF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.41M
Liabilities$5.11M
Accounts Receivable$0
Accounts Payable$155K
Inventory$0
PP&E (Net)$921K
Goodwill$0
Intangible Assets$330K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $60K | $0 | $134K | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $146K | $119K | $217K | $138K | $132K | $40K | $0 | $35K | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | -$146K | -$119K | -$217K | -$138K | -$132K | -$40K | $60K | -$35K | $134K | -$74K | -$234K | $0 | $0 | $0 |
| Gross Margin | - | - | - | - | - | - | 100.0% | - | 100.0% | - | - | - | - | - |
| Research and Development | $2.31M | $2.33M | $1.85M | $2.35M | $1.1M | $763K | $798K | $620K | $737K | $20K | $28K | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.41M | $1.73M | $1.12M | $1.54M | $1.03M | $1.23M | $1.04M | $2.35M | $4.31M | $4.3M | $5.33M | $7.68M | $2.29M | $135 |
| Other | -$146K | -$118K | $0 | $2K | $33K | $0 | $0 | $0 | $0 | $0 | -$28K | -$965 | $0 | $0 |
| Total Operating Expenses | $3.57M | $3.94M | $2.97M | $3.75M | $2.14M | $1.99M | $1.84M | $2.97M | $5.05M | $4.3M | $5.33M | $7.68M | $2.29M | $135 |
| Operating Income (EBIT) | -$3.72M | -$4.06M | -$3.19M | -$3.93M | -$2.17M | -$1.99M | -$1.78M | -$3.01M | -$4.91M | -$4.3M | -$5.33M | -$7.68M | -$2.29M | -$135 |
| Operating Margin | - | - | - | - | - | - | -2961.7% | - | -3658.5% | - | - | - | - | - |
| Interest Expense | $24K | $65K | $98K | $29K | $34K | $190K | $0 | $0 | $903K | $1.28M | $189K | $11K | $12K | $0 |
| Interest Income | $0 | $0 | $0 | $29 | $34 | $190 | $0 | $1K | $0 | $0 | $0 | $0 | $0 | $5 |
| Other Income (Expense) | $841K | $2.64M | $135K | -$28K | $33K | -$190K | $2.78M | -$6.41M | -$5.35M | -$5.18M | -$496K | -$219K | -$12K | -$5 |
| Income Before Tax (EBT) | -$2.87M | -$1.42M | -$3.06M | -$3.96M | -$2.14M | -$2.18M | $1M | -$9.42M | -$10.26M | -$9.48M | -$5.83M | -$7.9M | -$2.31M | -$105K |
| Income Tax Expense | $0 | $0 | $0 | $1K | $0 | $0 | $0 | $0 | $2K | $0 | $0 | $2.04M | $12K | -$5 |
| Net Income | -$2.87M | -$1.42M | -$3.06M | -$3.96M | -$2.14M | -$2.18M | $1M | -$9.42M | -$10.26M | -$8.77M | -$4.84M | -$9.8M | -$2.31M | -$140 |
| Net Income Margin | - | - | - | - | - | - | 1675.0% | - | -7640.0% | - | - | - | - | - |
| Supplementary Data | ||||||||||||||
| EPS | -0.01 | -0.00 | -0.01 | -0.01 | -0.01 | -0.01 | 0.01 | -0.07 | -0.13 | -0.15 | -0.12 | -0.27 | -0.11 | -0.01 |
| Diluted EPS | -0.01 | -0.00 | -0.01 | -0.01 | -0.01 | -0.01 | 0.01 | -0.07 | -0.13 | -0.15 | -0.12 | -0.27 | -0.11 | -0.01 |
| Weighted Average OS | 312.19M | 303.85M | 299.95M | 278.83M | 269.64M | 229.88M | 166.07M | 137.56M | 77.60M | 57.62M | 38.99M | 37.03M | 20.27M | 19.19M |
| EBITDA | -$3.57M | -$1.24M | -$2.74M | -$3.79M | -$2.01M | -$1.95M | $1.04M | -$7.89M | -$9.27M | -$4.38M | -$5.28M | -$8.01M | -$2.29M | -$101K |
| EBITDA Margin | - | - | - | - | - | - | 1727.3% | - | -6903.0% | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $65K | $49K | $41K | $212K | $1.16M | $287K | $111K | $105K | $55K | $50K | $62K | $206K | $60K | $4 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $65K | $49K | $41K | $212K | $1.16M | $287K | $111K | $105K | $55K | $50K | $62K | $206K | $60K | $4 |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $43K | $0 | $45K | $0 | $0 | $429K | $681K | $54K | $11K | $0 | $0 |
| Total Current Assets | $77K | $81K | $77K | $255K | $1.21M | $332K | $213K | $107K | $484K | $730K | $860K | $688K | $1.6M | $30K |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $921K | $980K | $668K | $599K | $378K | $247K | $140K | $154K | $177K | $255K | $311K | $140K | $51K | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $330K | $298K | $255K | $222K | $155K | $138K | $79K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.65M | $7.76M | $7.43M | $7.5M | $8.38M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $80K | $30K | $30K | $30K | $96K | $175K | $177K | $8K | $275K | $277K | $221K | $7K | $18K | $0 |
| Total Long-Term Assets | $1.33M | $1.31M | $953K | $851K | $629K | $561K | $397K | $162K | $4.11M | $8.29M | $7.96M | $7.65M | $8.45M | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.41M | $1.39M | $1.03M | $1.11M | $1.84M | $893K | $610K | $269K | $4.59M | $9.02M | $8.82M | $8.33M | $10.05M | $30K |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $155K | $227K | $95K | $37K | $84K | $168K | $79K | $0 | $483K | $342K | $387K | $182K | $43K | $1K |
| Short-Term Debt | $0 | $50K | $350K | $50K | $50K | $75K | $0 | $2.92M | $2.72M | $2.26M | $1.33M | $71K | $182K | $80K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $60K | $337K | $127K | $2.12M | $2.04M | $2.21M | $0 |
| Other Current Liabilities | $2.53M | $1.79M | $828K | $308K | $241K | $676K | $622K | $2.68M | $271K | $950K | $36K | $734K | $1.07M | $0 |
| Total Current Liabilities | $2.98M | $2.21M | $1.5M | $639K | $496K | $1.1M | $779K | $6.25M | $3.81M | $3.68M | $3.88M | $3.03M | $3.51M | $85K |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $1.84M | $1.65M | $3.09M | $2.82M | $2.74M | $3.06M | $3.09M | $204K | $0 | $0 | $1.25M | $1.25M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | -$0 | -$86K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $2.13M | $2.02M | $3.09M | $2.82M | $2.74M | $3.13M | $3.16M | $204K | $3.2M | $2.6M | $1.25M | $1.25M | $940K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.2M | -$2.6M | $0 | $0 | -$940K | $0 |
| Total Liabilities | $5.11M | $4.24M | $4.59M | $3.46M | $3.23M | $4.23M | $3.94M | $6.46M | $3.81M | $3.68M | $5.13M | $4.28M | $3.51M | $85K |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5 | $10 | $10 | $0 |
| Common Stock | $318K | $308K | $303K | $290K | $274K | $242K | $220K | $140K | $98K | $72K | $41K | $40K | $33K | $19K |
| Retained Earnings | -$60.13M | -$57.26M | -$55.84M | -$52.78M | -$48.82M | -$46.68M | -$44.5M | -$45.51M | -$36.08M | -$25.82M | -$17.05M | -$12.21M | -$2.41M | -$105K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | -$0 | $0 | $0 | $0 | $0 | -$75 | -$5 | -$10 | -$10 | $0 |
| Other Stockholders' Equity | $56.11M | $54.1M | $51.97M | $50.13M | $47.15M | $43.1M | $40.95M | $39.18M | $36.77M | $31.09M | $21.16M | $16.36M | $8.92M | $30K |
| Total Equity | -$3.71M | -$2.85M | -$3.56M | -$2.36M | -$1.4M | -$3.34M | -$3.33M | -$6.19M | $780K | $5.34M | $4.14M | $4.2M | $6.54M | -$55K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$452K | -$139K | -$0 | $0 |
| Total Liabilities and Equity | $1.41M | $1.39M | $1.03M | $1.11M | $1.84M | $893K | $610K | $269K | $4.59M | $9.02M | $9.28M | $8.47M | $10.05M | $30K |
| Supplementary Data | ||||||||||||||
| Total Debt | $2.21M | $2.14M | $3.52M | $3.06M | $2.86M | $3.29M | $3.24M | $3.13M | $2.72M | $2.26M | $2.58M | $1.32M | $182K | $80K |
| Net Debt | $2.14M | $2.09M | $3.48M | $2.84M | $1.7M | $3M | $3.13M | $3.02M | $2.66M | $2.21M | $2.52M | $1.12M | $121K | $80K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Operating Activities | |||||||||||||||
| Net Income | -$2.87M | -$1.42M | -$3.06M | -$3.96M | -$2.14M | -$2.18M | $1.01M | -$9.42M | -$10.26M | -$8.32M | -$5.16M | -$9.94M | -$2.3M | -$140 | -$124K |
| Depreciation & Amortization | $146K | $119K | $217K | $138K | $132K | $40K | $31K | $35K | $85K | $74K | $234K | $13K | $6K | $135 | $0 |
| Deferred Income Tax | $0 | $0 | $43K | $0 | $0 | $0 | -$2.23M | $0 | $5.2M | $4.49M | $1.82M | -$709K | $0 | $0 | $0 |
| Stock-Based Compensation | $1.02M | $1.67M | $29K | $137K | $120K | $38K | $68K | $1K | $359K | $569K | $917K | $6.03M | $861K | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $2 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | -$2 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$90K | $201K | $506K | $93K | -$520K | $143K | $84K | $0 | $200K | $140K | $98K | -$14K | $947K | $0 | $0 |
| Other Working Capital | $929K | $825K | -$21K | -$58K | -$196K | $163K | -$160K | $1.95M | $776K | $38K | $56K | -$181K | -$9K | $0 | $0 |
| Total Working Capital Change | $839K | $1.03M | $486K | $35K | -$716K | $306K | -$76K | $1.95M | $976K | $178K | $154K | -$196K | $938K | $0 | $36K |
| Other Non-Cash Items | $24K | -$2.4M | $679K | $1.61M | $138K | $876K | -$1 | $6.1M | $1.8M | $766K | $269K | $1.93M | $914K | -$168 | -$60K |
| Net Cash from Operating | -$845K | -$1M | -$1.6M | -$2.04M | -$2.47M | -$921K | -$1.2M | -$1.41M | -$1.84M | -$2.24M | -$1.77M | -$2.88M | $414K | -$173 | -$149K |
| Investing Activities | |||||||||||||||
| Capital Expenditures | -$69K | -$71K | -$321K | -$206K | -$233K | -$206K | -$96K | -$21K | -$764 | -$77K | -$416K | -$139K | -$57K | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | -$132K | -$116K | $0 | -$700K | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | -$132K | -$116K | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $73K | -$86K | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$68K | -$45K | -$33K | -$67 | -$17 | -$59 | -$22K | $267K | -$5K | $61K | $190K | -$251K | -$18K | $0 | $0 |
| Net Cash from Investing | -$137K | -$116K | -$321K | -$206K | -$233K | -$206K | -$119K | $246K | -$167K | -$206K | -$544K | -$389K | -$775K | $0 | $0 |
| Financing Activities | |||||||||||||||
| Debt Repaid | -$185K | -$930K | $50K | - | - | -$66K | -$100K | -$512K | - | - | -$1.25M | -$1.08M | - | - | -$89K |
| Common Stock Issuance | $814K | $197K | $1M | $1.17M | $2.26M | $887K | $1.22M | $704K | $1.01M | $3.08M | $1.16M | $2.4M | $310K | $0 | $60K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $97K | $121K | $1.32M | $350K | $0 | $0 | $2.02M | $2.44M | -$244K | -$41K | $351K | $173 | $0 |
| Net Cash from Financing | $999K | $1.13M | $1.75M | $1.29M | $3.58M | $1.3M | $1.32M | $1.22M | $2.02M | $2.44M | $2.17M | $3.42M | $422K | $173 | $149K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $16K | $8K | -$171K | -$953K | $878K | $176K | $6K | $50K | $5K | -$12K | -$144K | $157K | $60K | $0 | $11 |
| Supplementary Data | |||||||||||||||
| Operating Cash Flow | -$845K | -$1M | -$1.6M | -$2.04M | -$2.47M | -$921K | -$1.2M | -$1.41M | -$1.84M | -$2.24M | -$1.77M | -$2.88M | $414K | -$173 | -$149K |
| Capital Expenditure | -$69K | -$71K | -$321K | -$206K | -$233K | -$206K | -$96K | -$21K | -$764 | -$77K | -$416K | -$139K | -$57K | $0 | $0 |
| Free Cash Flow | -$914K | -$1.07M | -$1.92M | -$2.24M | -$2.7M | -$1.13M | -$1.3M | -$1.43M | -$1.84M | -$2.32M | -$2.19M | -$3.02M | $357K | -$173 | -$149K |
| Cash at Beginning | $49K | $41K | $212K | $1.16M | $287K | $111K | $105K | $55K | $50K | $62K | $206K | $49K | $4 | $0 | $0 |
| Cash at End | $65K | $49K | $41K | $212K | $1.16M | $287K | $111K | $105K | $55K | $50K | $62K | $206K | $60K | $0 | $11 |