Clean Energy Technologies, Inc. (CETY) Form 10-Q — Aug 19, 2026
Clean Energy Technologies (CETY) disclosed substantial doubt about its ability to continue as a going concern in its Q2 2026 10-Q, with cash falling to just $19,735 at June 30, 2026 from $602,461 at year-end after burning $1,664,648 in operating cash during the six-month period. Six-month revenue rose roughly 70% year over year to $1,155,641, driven by low-margin China natural gas trading, but gross profit collapsed to $3,689 from $635,535 and the net loss came in at $1,735,079 (EPS of -$0.15 vs -$0.49), while interest and financing fees of $1,177,937 exceeded revenue for the period.
Key figures
- Revenue
- 1155641
- Revenue Yoy
- +70.4% (vs. $678,215 restated prior-year period)
- Total Assets
- 13939748
- Cash Position
- 19735
- Shares Outstanding
- 12166106
- Gross profit 6m
- 3689
- Q2 2026 revenue
- 371936
- Nol carryforward
- 41339494
- Accumulated deficit
- 37035080
- Reverse split ratio
- 1-for-15 (effective October 6, 2025)
- Stockholders equity
- 5990022
- Vrg loan guaranteed
- 12000000
- Derivative liability
- 758918
- Working capital deficit
- 37355
- Gross profit 6m prior year
- 635535
- Potential conversion shares
- 3900796
- Related party receivable vrg
- 2350797
- Interest and financing fees 6m
- 1177937
- Convertible notes principal outstanding
- 2436558
Price after filing
Close on the filing date to close N calendar days later (from $0.96). Historical, not a forecast.
AI analysis
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