Company research
Koil Energy Solutions, Inc.
CIK 1110607Updated Sep 24, 2026
SecurityKLNG · OTC · equity
Historical securities (1)
DPDW · NYSE_AMERICAN · equity · closed Nov 28, 2022Name history
Deep Down, Inc. · through Feb 21, 2023MediQuip Holdings, INC · through Dec 20, 2006TRUE HEALTH INC · through Apr 10, 2006
KLNG price & chart
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OTC:KLNG on TradingView ↗In the news
KOIL Energy Reports Second Quarter 2026 Results ↗
Recent filings
4 filing
4 filing
10-Q filing
Entry into a Material Definitive Agreement
Items 1.01, 9.01
Entry into a Material Definitive Agreement
Items 1.01, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 19,814,000Source | 18,740,000Source | 17,062,000Source | 16,615,000Source |
| Property, Plant and Equipment, NetUSD | 3,642,000Source | 2,791,000Source | 2,968,000Source | 3,305,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 306,000Source | 64,000Source | 72,000Source | 62,000Source |
| Current assets: | ||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 4,796,000Source | 2,767,000Source | 4,228,000Source | 2,920,000Source |
| Inventory, NetUSD | 354,000Source | 404,000Source | 430,000Source | 202,000Source |
| Assets, CurrentUSD | 9,945,000Source | 10,206,000Source | 7,849,000Source | 6,885,000Source |
| Operating Lease, Right-of-Use AssetUSD | 5,770,000Source | 5,383,000Source | 5,856,000Source | 6,184,000Source |
| Other Assets, NoncurrentUSD | 98,000Source | 267,000Source | 214,000Source | 179,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 10,851,000Source | 10,136,000Source | 11,444,000Source | 9,507,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 16,000Source | 16,000Source | 16,000Source | 16,000Source |
| Additional Paid in CapitalUSD | 74,618,000Source | 74,206,000Source | 73,840,000Source | 73,776,000Source |
| Retained Earnings (Accumulated Deficit)USD | -62,521,000Source | -62,483,000Source | -65,103,000Source | -63,549,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -15,000Source | — | — | — |
| Stockholders' Equity Attributable to ParentUSD | 8,963,000Source | 8,604,000Source | 5,618,000Source | 7,108,000Source |
| Liabilities and EquityUSD | 19,814,000Source | 18,740,000Source | 17,062,000Source | 16,615,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 5,140,000Source | 4,524,000Source | 5,284,000Source | 2,989,000Source |
| Operating Lease, Liability, CurrentUSD | 899,000Source | 537,000Source | 480,000Source | 863,000Source |
| Operating Lease, Liability, NoncurrentUSD | 5,658,000Source | 5,600,000Source | 6,136,000Source | 6,518,000Source |
| Other Liabilities, NoncurrentUSD | 24,000Source | — | — | — |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | 2,767,000Source | 4,228,000Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 35Source | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 590,000Source | 571,000Source | 605,000Source | 186,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 375,000Source | 254,000Source | 64,000Source | 90,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 2,276,000Source | -1,461,000Source | 982,000Source | -3,018,000Source |
| Increase (Decrease) in InventoriesUSD | -50,000Source | -26,000Source | 228,000Source | -52,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -901,000Source | 1,726,000Source | 203,000Source | 1,242,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,533,000Source | -373,000Source | -226,000Source | -2,262,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,282,000Source | 375,000Source | 230,000Source | 2,537,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | — | 0Source | 250,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 562,000Source | 39,000Source | -300,000Source | -303,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -1,887,000Source | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,535,000Source | 3,422,000Source | 2,030,000Source | 2,353,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -15,000Source | — | — | — |
| Additional Financial Items | ||||
| Capitalized Computer Software, AmortizationUSD | 13,000Source | — | — | — |
| DepreciationUSD | — | — | — | 496,000Source |
| Depreciation, NonproductionUSD | 504,000Source | 459,000Source | 497,000Source | 496,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | 12,000Source | -1,000Source | 4,000Source | 40,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 12,000Source | -38,000Source | 4,000Source | 40,000Source |
| Income Tax Expense (Benefit)USD | 73,000Source | 16,000Source | 5,000Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -38,000Source | 2,620,000Source | -1,554,000Source | -2,928,000Source |
| Nonoperating Income (Expense)USD | 404,000Source | — | — | 80,000Source |
| Operating ExpensesUSD | — | — | — | 7,693,000Source |
| Operating Lease, Impairment LossUSD | — | — | 0Source | 820,000Source |
| Proceeds from Stock Options ExercisedUSD | 37,000Source | 112,000Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 24,051,000Source | 22,734,000Source | 15,343,000Source | 12,977,000Source |
| Cost of RevenueUSD | 16,094,000Source | 13,985,000Source | 10,493,000Source | 7,796,000Source |
| Selling, General and Administrative ExpenseUSD | 8,326,000Source | 6,192,000Source | 6,460,000Source | 6,687,000Source |
| Operating Income (Loss)USD | -369,000Source | 2,557,000Source | -1,610,000Source | -3,008,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 35,000Source | 2,636,000Source | -1,549,000Source | -2,928,000Source |
| Income Tax Expense (Benefit)USD | 73,000Source | 16,000Source | 5,000Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -38,000Source | 2,620,000Source | -1,554,000Source | -2,928,000Source |
| Earnings Per Share, BasicUSD per share | 0Source | 0.21Source | -0.13Source | -0.24Source |
| Earnings Per Share, DilutedUSD per share | 0Source | 0.21Source | -0.13Source | -0.24Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 12,133Source | 12,187Source | 11,888Source | 11,981,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 12,133Source | 12,344Source | 11,888Source | 11,981,000Source |
| Additional Financial Items | ||||
| Capitalized Computer Software, AmortizationUSD | 13,000Source | — | — | — |
| Costs and ExpensesUSD | 24,420,000Source | 20,177,000Source | 16,953,000Source | — |
| Current Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | 0Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 605,000Source | 682,000Source |
| Gross ProfitUSD | — | — | — | 4,685,000Source |
| Interest ExpenseUSD | — | -47,000Source | -7,000Source | 15,000Source |
| Nonoperating Income (Expense)USD | 404,000Source | — | — | 80,000Source |
| Operating ExpensesUSD | — | — | — | 7,693,000Source |
| Other IncomeUSD | — | 33,000Source | 50,000Source | 55,000Source |