NET Power Inc
For the period ended Dec 31, 2023. Filed Mar 11, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 11, 2024
NPWR$0.84-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, 2023 (Successor) | December 31, 2022 (Predecessor) | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $536,927 | $5,164 |
| Short-term investments | 100,000 | — |
| Accounts receivables, net | 58 | 352 |
| Interest receivable | 1,942 | — |
| Prepaid expenses | 1,777 | 184 |
| Other current assets | 93 | 1,795 |
| Total current assets | 640,797 | 7,495 |
| Long-term assets | ||
| Intangible assets, net | 1,307,265 | 263 |
| Goodwill | 423,920 | — |
| Property, plant and equipment, net | 96,856 | 69,595 |
| Lease right-of-use asset | 2,212 | 784 |
| Total long-term assets | 1,830,253 | 70,642 |
| Total assets | $2,471,050 | $78,137 |
| LIABILITIES AND EQUITY | ||
| Current liabilities | ||
| Accounts payable | $617 | $577 |
| Accrued liabilities | 10,915 | 2,392 |
| Due to related parties | 142 | 178 |
| Lease liability | 347 | 130 |
| Option liability | — | 5,174 |
| Total current liabilities | 12,021 | 8,451 |
| Long-term liabilities | ||
| Due to related parties | — | 2,212 |
| Earnout Shares liability | 1,671 | — |
| Warrant liability | 55,920 | — |
| Asset retirement obligation | 2,060 | 2,416 |
| Lease liability | 1,808 | 656 |
| Tax Receivable Agreement liability | 8,937 | — |
| Deferred taxes | 57,719 | — |
| Total long-term liabilities | 128,115 | 5,284 |
| Total liabilities | 140,136 | 13,735 |
| Commitments and contingencies (Note 14) | ||
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Consolidated Balance Sheets (continued)
| December 31, 2023 (Successor) | December 31, 2022 (Predecessor) | |
|---|---|---|
| Mezzanine shareholders' and members' equity | ||
| Redeemable non-controlling interests in subsidiary | 1,545,905 | — |
| Shareholders' and members' equity | ||
| Membership Interests: 4,987,845 units authorized; 3,722,355 units issued and outstanding as of December 31, 2022 (Predecessor) | — | 262,622 |
| Preferred Stock, $.0001 par value; 1,000,000 shares authorized; no shares issued or outstanding as of December 31, 2023 (Successor) & December 31, 2022 (Predecessor) | — | — |
| Class A Common Stock, $.0001 par value; 520,000,000 shares authorized; 71,277,906 shares issued and outstanding as of December 31, 2023 (Successor) & no shares issued and outstanding as of December 31, 2022 (Predecessor) | 7 | — |
| Class B Common Stock, $.0001 par value; 310,000,000 shares authorized; 141,787,429 shares issued and outstanding as of December 31, 2023 (Successor) & no shares issued and outstanding as of December 31, 2022 (Predecessor) | 14 | — |
| Additional paid-in-capital | 851,841 | 26,288 |
| Accumulated other comprehensive income | — | 17 |
| Accumulated deficit | ||
| Members' equity | — | (224,525) |
| Shareholders' equity | (66,853) | — |
| Total shareholders' and members' equity | 785,009 | 64,402 |
| Total liabilities, mezzanine shareholders' and members' equity and shareholders' and members' equity | $2,471,050 | $78,137 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.