Company research
C-Bond Systems, Inc
CIK 1421636Updated Sep 26, 2026
SecurityCBNT · OTC · equity
Name history
WestMountain Alternative Energy Inc · through Jul 20, 2018
CBNT price & chart
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Recent filings
15-12G filing
Termination of a Material Definitive Agreement
Items 1.02
Entry into a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 1.01, 2.01, 5.02, 9.01
10-Q filing
UPLOAD filing
Show 5 more recent filings
Financials
FY 2023 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 2,283,113Source | 1,624,038Source | 2,087,966Source | 584,140Source |
| Property, Plant and Equipment, NetUSD | 171,606Source | 96,306Source | 135,022Source | 18,683Source |
| GoodwillUSD | 350,491Source | 350,491Source | 350,491Source | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 229,414Source | 279,918Source | 330,421Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 736,461Source | 97,091Source | 519,898Source | 323,407Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 424,091Source | 269,442Source | — | — |
| Inventory, NetUSD | 181,663Source | 77,446Source | 82,931Source | 77,200Source |
| Assets, CurrentUSD | 1,373,118Source | 515,429Source | 1,014,378Source | 536,553Source |
| Prepaid Expense and Other Assets, CurrentUSD | 28,503Source | 71,171Source | 151,746Source | 50,723Source |
| Operating Lease, Right-of-Use AssetUSD | 158,484Source | 375,412Source | 251,172Source | 21,772Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,782,521Source | 5,833,775Source | 3,421,384Source | 1,985,883Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 532,818Source | 350,270Source | 282,217Source | 228,347Source |
| Additional Paid in CapitalUSD | 55,852,477Source | 55,141,503Source | 53,064,616Source | 42,573,272Source |
| Retained Earnings (Accumulated Deficit)USD | -60,851,714Source | -62,693,184Source | -57,515,129Source | -45,968,839Source |
| Stockholders' Equity Attributable to ParentUSD | -4,466,419Source | -7,201,411Source | -4,168,296Source | -3,167,220Source |
| Liabilities and EquityUSD | 2,283,113Source | 1,624,038Source | 2,087,966Source | 584,140Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,725,072Source | 4,864,813Source | 2,675,625Source | 1,950,821Source |
| Operating Lease, Liability, CurrentUSD | 60,503Source | — | — | — |
| Accounts Payable, CurrentUSD | 710,222Source | 779,765Source | 831,648Source | 794,905Source |
| Operating Lease, Liability, NoncurrentUSD | 97,249Source | — | — | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 141,884Source | 150,742Source | 189,255Source | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 474,515Source | 736,393Source | 436,733Source | 186,765Source |
| Long-term DebtUSD | — | 251,263Source | — | — |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 1,886,807Source | -5,156,478Source | -7,128,858Source | -4,434,443Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | — | 89,219Source | 45,967Source | 14,093Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 42,183Source | 1,039,943Source | 4,085,868Source | 2,108,472Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 175,945Source | 100,160Source | — | 27,619Source |
| Increase (Decrease) in InventoriesUSD | 113,712Source | -5,485Source | -17,288Source | 62,380Source |
| Increase (Decrease) in Accounts PayableUSD | -69,543Source | -49,709Source | 88,853Source | 139,300Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -1,602,218Source | -1,584,918Source | -1,807,051Source | -1,783,027Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 3,936,861Source | 5,500Source | 301,901Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 114,770Source | — | — | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,695,273Source | 1,156,611Source | 1,701,641Source | 2,029,223Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | -422,807Source | 196,491Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 736,461Source | 97,091Source | 519,898Source | 323,407Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 319,085Source | 479,509Source | 53,283Source | 130,399Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 42,183Source | 82,387Source | 0Source | — |
| Amortization of Debt Issuance CostsUSD | — | 121,408Source | — | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | 93,631Source | — | — | — |
| Amortization of Intangible AssetsUSD | 50,504Source | 50,503Source | 22,095Source | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | 9,000Source | 5,500Source | 13,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 4,051,709Source | 5,500Source | 13,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | 481,832Source | -343,895Source | 96,442Source | 877,823Source |
| General and Administrative ExpenseUSD | 666,090Source | 810,413Source | 636,353Source | 485,733Source |
| GoodwillUSD | 350,491Source | 350,491Source | 350,491Source | — |
| Income Tax Expense (Benefit)USD | 396,229Source | -1,081,240Source | -1,497,060Source | — |
| Net Income (Loss) Attributable to ParentUSD | 1,886,807Source | — | -7,128,858Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -8,858Source | -38,513Source | 15,525Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 1,841,470Source | -5,178,055Source | -11,546,290Source | -5,968,824Source |
| Nonoperating Income (Expense)USD | — | — | -118,739Source | 42,590Source |
| Operating ExpensesUSD | 3,303,818Source | 4,470,738Source | 7,829,649Source | 4,790,390Source |
| Other Depreciation and AmortizationUSD | — | 38,716Source | 23,872Source | — |
| Other Nonoperating Income (Expense)USD | -168,598Source | — | — | — |
| Other Operating Income (Expense), NetUSD | — | -1,963,984Source | — | — |
| Proceeds from Issuance of Common StockUSD | 275,000Source | — | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 2,232,646Source | — | — |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 2,488,493Source | 2,232,646Source | 1,476,828Source | 555,863Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | 2,055,405Source | -3,192,494Source | -7,010,119Source | -4,477,033Source |
| Other Nonoperating Income (Expense)USD | -168,598Source | — | — | — |
| Income Tax Expense (Benefit)USD | 396,229Source | -1,081,240Source | -1,497,060Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -8,858Source | -38,513Source | 15,525Source | — |
| Net Income (Loss) Attributable to ParentUSD | 1,886,807Source | — | -7,128,858Source | — |
| Earnings Per Share, BasicUSD per share | 0Source | -0.02Source | -0.05Source | — |
| Earnings Per Share, DilutedUSD per share | 0Source | -0.02Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 490,113,378Source | 308,121,062Source | 254,299,139Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 2,524,605,528Source | 308,121,062Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 50,504Source | 50,503Source | 22,095Source | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 88,859Source | 89,219Source | 45,967Source | 14,093Source |
| General and Administrative ExpenseUSD | 666,090Source | 810,413Source | 636,353Source | 485,733Source |
| Gross ProfitUSD | 1,307,514Source | 1,278,244Source | 819,530Source | 313,357Source |
| Interest ExpenseUSD | 5,663Source | 1,610,062Source | 282,959Source | 751,184Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 1,841,470Source | -5,178,055Source | -11,546,290Source | -5,968,824Source |
| Nonoperating Income (Expense)USD | — | — | -118,739Source | 42,590Source |
| Operating ExpensesUSD | 3,303,818Source | 4,470,738Source | 7,829,649Source | 4,790,390Source |
| Other General and Administrative ExpenseUSD | — | 45,455Source | 15,431Source | — |
| Other Operating Income (Expense), NetUSD | — | -1,963,984Source | — | — |
| Preferred Stock Dividends and Other AdjustmentsUSD | — | 60,090Source | 4,401,907Source | 1,534,381Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 54,195Source | — | — | — |
| Research and Development ExpenseUSD | 0Source | — | — | 16,627Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 2,232,646Source | — | — |