GREENWAY TECHNOLOGIES, INC. & SUBSIDIARIES (GWTI)
Greenway Technologies, Inc., through its subsidiary Greenway Innovative Energy, Inc., specializes in the investigation, advancement, and commercial launch of gas-to-liquids syngas conversion systems. These systems are engineered to address the unique requirements of various natural gas fields and resources. The company's G-Reformer units are designed to process a wide array of natural gas sources, including pipeline gas, associated gas, flared gas, vented gas, coal-bed methane, and biomass gas. Additionally, the firm holds mining claims encompassing approximately 1,440 acres on Bureau of Land Management property in Mohave County, Arizona. Formerly known as UMED Holdings, Inc., the company rebranded as Greenway Technologies, Inc. in June 2017. Its corporate headquarters are located in Arlington, Texas.
Sector: Industrial Organic Chemicals
Industry: Oil & Gas Equipment & Services
Greenway Technologies, Inc.
OTC:GWTIEnergy · Oil & Gas Equipment & Services
-21.11%$0.0154
Mkt Cap$7.15M
Float375.51M
O/S464.87M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$1.96M
Total Assets$47K
Free Cash Flow-$710K
Debt & Equity
Total Debt$6.26M
Total Equity-$14.08M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GWTI's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$47K
Liabilities$14.13M
Accounts Receivable$0
Accounts Payable$9.72M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
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 | $0 | $0 | $0 | $0 | $0 | $25K | $15K | $59K |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | 58.8% | -73.9% | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $1.16M | $1.37M | $2.43M | $0 | $349 | $396 | $396 | $55K | $96K | $32K |
| Gross Profit | $0 | $0 | $0 | $0 | -$1.16M | -$1.37M | -$2.43M | $0 | -$349 | -$396 | -$396 | -$30K | -$81K | $27K |
| Gross Margin | - | - | - | - | - | - | - | - | - | - | - | -122.5% | -522.9% | 45.6% |
| Research and Development | $1.21M | $50K | $0 | $54K | $158K | $30K | $441K | $631K | $867K | $967K | $767K | $218K | $0 | $0 |
| Selling, General, and Administrative | $2.49M | $844K | $961K | $889K | $998K | $1.34M | $1.99M | $2.26M | $8.26M | $1.05M | $3.83M | $2.09M | $618K | $1.44M |
| Other | $0 | $0 | $0 | $0 | $0 | -$412K | $42K | $0 | $349 | $396 | $396 | $119K | $118K | $62K |
| Total Operating Expenses | $3.69M | $894K | $961K | $943K | $1.16M | $1.37M | $2.43M | $2.89M | $9.13M | $2.02M | $4.6M | $2.43M | $737K | $1.5M |
| Operating Income (EBIT) | -$3.69M | -$894K | -$961K | -$943K | -$1.16M | -$1.37M | -$2.43M | -$2.89M | -$9.13M | -$2.02M | -$4.6M | -$2.46M | -$817K | -$1.48M |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | -10008.6% | -5281.2% | -2492.2% |
| Interest Expense | $613K | $619K | $620K | $640K | $588K | $769K | $444K | $126K | $1K | $15K | $218K | $929K | $87K | $61K |
| Interest Income | $0 | $0 | $0 | $640 | $623 | $769 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $1.74M | -$619K | -$620K | -$570K | -$623K | -$1.17M | -$1.23M | -$309K | -$17K | -$229 | $366K | -$1.21M | -$158K | $585K |
| Income Before Tax (EBT) | -$1.96M | -$1.51M | -$1.58M | -$1.51M | -$1.74M | -$2.54M | -$3.66M | -$3.19M | -$9.15M | -$2.02M | -$4.23M | -$2.69M | -$975K | -$892K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $15K | $16K | $0 | $0 | $0 |
| Net Income | -$1.96M | -$1.51M | -$1.58M | -$1.44M | -$2.33M | -$3.31M | -$4.11M | -$3.19M | -$9.15M | -$2.02M | -$4.03M | -$2.69M | -$975K | -$892K |
| Net Income Margin | - | - | - | - | - | - | - | - | - | - | - | -10924.5% | -6299.2% | -1505.5% |
| Supplementary Data | ||||||||||||||
| EPS | -0.00 | -0.00 | -0.00 | -0.00 | -0.01 | -0.01 | -0.01 | -0.01 | -0.03 | -0.01 | -0.02 | -0.02 | -0.01 | -0.01 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 | -0.01 | -0.01 | -0.01 | -0.01 | -0.03 | -0.01 | -0.02 | -0.02 | -0.01 | -0.01 |
| Weighted Average OS | 444.86M | 413.13M | 397.74M | 371.60M | 342.40M | 312.85M | 291.50M | 285.64M | 273.03M | 202.06M | 165.86M | 138.44M | 127.32M | 118.99M |
| EBITDA | -$3.69M | -$894K | -$961K | -$824K | -$1.12M | -$1.48M | -$3.07M | -$2.89M | -$9.13M | -$2.02M | -$4.6M | -$2.74M | -$699K | -$769K |
| EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - | -11148.7% | -4515.9% | -1298.5% |
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 | $850 | $20K | $1K | $25K | $61K | $2K | $16K | $73K | $92K | $68K | $0 | $83K | $1K | $195K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $850 | $20K | $1K | $25K | $61K | $2K | $16K | $73K | $92K | $68K | $0 | $83K | $1K | $195K |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $388K | $0 | $0 | $0 | $0 | $780 | $2K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $46K | $112 | $0 | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $47K | $20K | $1K | $28K | $61K | $13K | $429K | $73K | $249K | $81K | $0 | $116K | $57K | $272K |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $349 | $744 | $1.89M | $2.01M | $2.03M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $16K | $16K | $8K | $0 | $0 | $0 | $0 | $90K | $90K | $106K |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15K | $20K | $5K | $0 | $55K | $0 | $0 |
| Total Long-Term Assets | $0 | $0 | $0 | $0 | $16K | $16K | $8K | $15K | $20K | $5K | $744 | $2.04M | $2.1M | $2.14M |
| Other Assets | $0 | $0 | $0 | $0 | -$16K | -$16K | -$8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $47K | $20K | $1K | $28K | $61K | $13K | $429K | $88K | $269K | $87K | $744 | $2.16M | $2.16M | $2.41M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $9.72M | $9.4M | $8.37M | $7.12M | $6.31M | $805K | $773K | $739K | $140K | $87K | $86K | $35K | $80K | $1K |
| Short-Term Debt | $6.26M | $3.62M | $3.62M | $3.65M | $3.57M | $3.3M | $2.14M | $1.05M | $305K | $134K | $763 | $594K | $519K | $201K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $10K | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $2.45M | $2.23M | $2.02M | $2.55M | $1.79M | $1.84M |
| Other Current Liabilities | -$1.85M | $3K | $34K | $4K | $68K | $3K | $2.58M | $2.14M | $617K | $56K | $162 | $1.74M | $126K | $77K |
| Total Current Liabilities | $14K | $13K | $12K | $11K | $10K | $9K | $6.79M | $4.78M | $3M | $2.5M | $2K | $3.4M | $2.51M | $2.12M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $525K | $0 | $84K | $0 | $0 | $793K | $859K | $890K |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$793K | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $0 | $7K | $0 | $0 | $525K | $0 | $84K | $0 | $0 | $793K | $859K | $890K |
| Other Liabilities | $0 | $0 | $0 | -$6.96M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $14.13M | $13.03M | $12.03M | $10.77M | $9.95M | $8.86M | $7.32M | $4.78M | $3.08M | $2.5M | $2.27M | $4.19M | $3.37M | $3.01M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $2K | $2K |
| Common Stock | $46K | $43K | $40K | $38K | $36K | $34K | $30K | $29K | $29K | $23K | $20K | $15K | $13K | $13K |
| Retained Earnings | -$41.33M | -$39.37M | -$37.86M | -$36.28M | -$34.77M | -$33.02M | -$30.48M | -$26.82M | -$23.62M | -$14.48M | -$12.46M | -$6.73M | -$4.04M | -$3.07M |
| Comprehensive Income & Other | $0 | $0 | -$0 | $5K | $17K | $36K | $850K | -$4K | -$4K | -$4K | -$3K | -$10K | -$190K | -$80K |
| Other Stockholders' Equity | $27.2M | $26.32M | $25.79M | $25.5M | $24.84M | $24.14M | $23.56M | $22.1M | $20.78M | $12.04M | $10.17M | $4.68M | $2.82M | $2.46M |
| Total Equity | -$14.08M | -$13.01M | -$12.03M | -$10.74M | -$9.89M | -$8.84M | -$6.89M | -$4.69M | -$2.81M | -$2.42M | -$2.27M | -$2.03M | -$1.21M | -$601K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $47K | $20K | $1K | $28K | $61K | $13K | $429K | $88K | $269K | $87K | $744 | $2.16M | $2.16M | $2.41M |
| Supplementary Data | ||||||||||||||
| Total Debt | $6.26M | $3.62M | $3.62M | $3.64M | $3.57M | $3.3M | $2.66M | $1.05M | $389K | $134K | $763 | $1.39M | $1.38M | $1.09M |
| Net Debt | $6K | $4K | $4K | $4K | $3.51M | $3K | $2.65M | $976K | $297K | $66K | $763 | $1.3M | $1.38M | $895K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Operating Activities | ||||||||||||||
| Net Income | -$1.96M | -$1.51M | -$1.58M | -$1.51M | -$1.74M | -$2.54M | -$3.66M | -$3.19M | -$9.15M | -$2.02M | -$4.23M | -$2.69M | -$975K | -$892K |
| Depreciation & Amortization | $0 | $0 | $0 | $48K | $35K | $293K | $152K | $349 | $349 | $395 | $398 | $119K | $118K | $62K |
| Deferred Income Tax | $0 | $0 | $0 | -$7K | -$14K | -$293K | -$152K | $0 | $1.42M | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $7 | $14 | $42K | $420K | $50K | $5.65M | $41 | $3K | $1K | $129 | $90K |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $900 | -$2K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $327K | -$138K | -$69 | $294K | $779K | $54K | $973 | $51K | -$9K | $78K | $1K |
| Other Working Capital | $3.6M | $1.07M | $1.28M | $705K | $1.04M | $1.12M | $698K | $960K | -$209K | $84K | $565K | $777K | -$23K | $856K |
| Total Working Capital Change | $3.6M | $1.07M | $1.28M | $1.03M | $903K | $1.12M | $992K | $1.74M | -$156K | $85K | $616K | $769K | $54K | $857K |
| Other Non-Cash Items | -$2.35M | $1.07M | $1.28M | -$57K | $29K | $694K | $917K | $116K | $4K | $87K | $2.31M | $828K | $130K | $90K |
| Net Cash from Operating | -$710K | -$444K | -$303K | -$497K | -$792K | -$686K | -$1.33M | -$1.29M | -$2.23M | -$1.85M | -$1.3M | -$969K | -$672K | $117K |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $3 | $0 | $0 | $0 | -$388K | $0 | $0 | $0 | $0 | $0 | -$59K | -$2K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$391K |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16K | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | -$25K | -$388K | $0 | $0 | $0 | -$44K | $0 | $16K | -$391K |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | -$25K | -$388K | $0 | $0 | $0 | -$44K | $0 | -$43K | -$393K |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | $55K | $60K | -$272K | -$1.22M | -$720K | -$186K | -$134K | - | -$16K | -$245K | - |
| Common Stock Issuance | $696K | $459K | $266K | $482K | $657K | $155K | $360K | $603K | $2.19M | $1.75M | $1.08M | $337K | $105K | $25K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$70K | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $5K | $34K | $34K | $354K | $270K | $81K | $551K | -$58K | $1.77M | $1.27M | $1.97M | $171K | $443K |
| Net Cash from Financing | $691K | $463K | $279K | $461K | $851K | $697K | $1.66M | $1.27M | $2.25M | $1.91M | $1.27M | $1.05M | $522K | $468K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$19K | $19K | -$23K | -$36K | $59K | -$14K | -$57K | -$18K | $24K | $68K | -$33K | $81K | -$194K | $193K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$710K | -$444K | -$303K | -$497K | -$792K | -$686K | -$1.33M | -$1.29M | -$2.23M | -$1.85M | -$1.3M | -$969K | -$672K | $117K |
| Capital Expenditure | $0 | $0 | $3 | $0 | $0 | $0 | -$388K | $0 | $0 | $0 | $0 | $0 | -$59K | -$2K |
| Free Cash Flow | -$710K | -$444K | -$303K | -$497K | -$792K | -$686K | -$1.72M | -$1.29M | -$2.23M | -$1.85M | -$1.3M | -$969K | -$732K | $115K |
| Cash at Beginning | $20K | $1K | $25K | $61K | $2K | $16K | $73K | $92K | $68K | $0 | $78K | $1K | $195K | $2K |
| Cash at End | $850 | $20K | $1K | $25K | $61K | $2K | $16K | $73K | $92K | $68K | $44K | $83K | $1K | $195K |