The broader restatement spanning 2022-2025 signals significant accounting control weaknesses and possible future adjustments. Monitor for Nasdaq compliance updates and any acceleration of debt conversions or financing needs given the going concern emphasis.
Price Chart
Executive Summary
Clean Energy Technologies, Inc. (CETY) filed this Amendment No. 1 on Form 10-Q/A to restate its consolidated financial statements for the quarterly period ended September 30, 2025, correcting historical accounting errors related to the classification, valuation, and collectability assessment of long-term receivables and contract assets, as well as warrant issuance and revenue recognition. The restatement reduced net assets by approximately $1.3 million and widened the net loss for the nine months by $191k, while the company continues to report a substantial accumulated deficit of $32.2M and negative operating cash flow, raising substantial doubt about its ability to continue as a going concern.
Key Facts
- The 10-Q/A restates financials for the nine months ended September 30, 2025, correcting errors in classification, valuation, and collectability of long-term receivables, contract assets, and warrant issuance.
- Total assets were reduced by $1.09M from the previously reported figure to $13.70M; accumulated deficit increased by $1.31M to $32.19M.
- Revenue for the nine months was reduced by $350k to $1.45M; net loss widened by $191k to $3.71M.
- The company had negative operating cash flow of $6.13M for the nine months and a working capital of only $960k.
- An 8-K (Item 4.02) filed on May 7, 2026 disclosed that prior financial statements from January 1, 2022 through September 30, 2025 should no longer be relied upon due to these accounting errors.
- The company has restated or is in the process of restating multiple prior periods, including amendments for fiscal years 2023 and 2024.
Financial Impact
The restatement reduced total assets by $1.09M, increased accumulated deficit by $1.31M, reduced nine-month revenue by $350k, widened net loss by $191k, and corrected a $1.42M misclassification of long-term financing receivables. The company's accumulated deficit stands at $32.19M.
Risk Factors
- Restatement of multiple prior periods (2022-2025) indicates material internal control deficiencies and potential SEC or litigation risks.
- Going concern uncertainty with negative operating cash flow of $6.13M and accumulated deficit of $32.19M.
- Persistent reliance on dilutive convertible debt and equity financings to fund operations, with $2.4M in convertible notes and $825k derivative liability as of September 30, 2025.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 11 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-Q/A Filing (Primary) | 0001493152-26-027406 |
| Exhibit: ex10-87.htm | 0001493152-26-027406 |
| Exhibit: ex10-88.htm | 0001493152-26-027406 |
| Exhibit: ex31-01.htm | 0001493152-26-027406 |
| Exhibit: ex31-02.htm | 0001493152-26-027406 |
| Exhibit: ex32-02.htm | 0001493152-26-027406 |
| Exhibit: ex32-01.htm | 0001493152-26-027406 |
| Exhibit: ex21-1.htm | 0001493152-26-027406 |
| Document: 0001493152-26-027406-index-headers.html | 0001493152-26-027406 |
| Document: 0001493152-26-027406-index.html | 0001493152-26-027406 |
| Document: 0001493152-26-027406.txt | 0001493152-26-027406 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $0.9650 $0.8900 | ▲ +7.77% | ▲ +6.59% | $0.8251 (+14.50%) |
Aug 14, 2026 10w ago | 8-K | $0.9325 $0.9200 | ▲ +1.34% | ▲ +0.87% | $0.8251 (+11.52%) |
Jul 31, 2026 12w ago | 8-K | $0.9500 $0.9100 | ▲ +4.21% | ▲ +6.01% | $0.8251 (+13.15%) |
Jul 8, 2026 15w ago | 8-K | $0.8400 $0.8520 | ▼ −1.43% | ▼ −1.00% | $0.8251 (+1.77%) |
Jun 30, 2026 16w ago | 8-K | $0.8700 $0.8647 | ▼ −0.61% | ▼ −0.48% | $0.8251 (−5.16%) |
Jun 8, 2026 20w ago | 8-K | $0.7700 $0.8100 | ▼ −5.19% | ▼ −5.49% | $0.8251 (−7.16%) |
Jun 5, 2026 20w ago | 10-Q/A | $0.7599 $0.7700 | ▼ −1.33% | ▼ −1.10% | $0.8251 (−8.58%) |
Jun 5, 2026 20w ago | 10-Q/A | $0.7599 $0.7700 | ▼ −1.33% | ▼ −1.10% | $0.8251 (−8.58%) |
Jun 5, 2026 20w ago | 10-Q/A | $0.7599 $0.7700 | ▼ −1.33% | ▼ −1.10% | $0.8251 (−8.58%) |
Jun 5, 2026 20w ago | 10-K/A | $0.7599 $0.7700 | ▼ −1.33% | ▼ −1.10% | $0.8251 (−8.58%) |
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