Bimergen Energy Corp BESS
incorporated under the laws of Delaware on March 4, 1998. In connection with the Company's planned expansion of its business following
the completion of the acquisition of Bitech Mining Corporation, a Wyoming corporation ("Bitech Mining"), it amended to its
Certificate of Incorporation on April 29, 2022 to change its corporate name to Bitech Technologies Corporation. On January 28, 2025,
the Company filed a Certificate of Amendment to its Certificate to Incorporation to: (i) effect a reverse stock split of its common stock,
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $308 | $26.2K | $64.6K | $76.1K | $136.3K | $1.8M | $1.9M | $2.1M |
| Cost of revenue | — | — | — | — | — | $0 | $115.2K | $656.8K | $571.8K | $689.1K |
| Gross profit | — | — | $308 | $26.2K | — | $172.0K | $94.1K | $1.2M | $1.3M | $1.4M |
| R&D | — | — | — | — | — | — | — | $0 | $15.7K | $45.7K |
| SG&A | $4.9M | $2.8M | $927.7K | $888.1K | $285.0K | — | — | — | — | — |
| Total operating expenses | $4.9M | $2.8M | $927.7K | $888.1K | $285.0K | $507.4K | $1.6M | $1.8M | $1.6M | $2.1M |
| Operating income | -$4.9M | -$2.8M | -$927.7K | -$861.9K | -$285.0K | -$335.4K | -$1.5M | -$613.7K | -$356.6K | -$705.0K |
| Interest expense | $44.9K | — | — | $200 | $26.9K | $26.6K | $65.3K | $66.2K | $55.7K | $58.1K |
| Pre-tax income | -$5.0M | -$2.8M | -$920.4K | -$811.6K | -$285.0K | -$297.4K | -$1.6M | -$671.7K | -$405.9K | -$755.9K |
| Income tax | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$5.0M | -$2.8M | -$920.4K | -$811.6K | -$285.0K | -$297.4K | -$1.6M | -$671.7K | -$405.9K | -$755.9K |
| EPS, basic | -1.11 | -0.54 | -0.20 | 0.00 | 0.00 | — | — | — | — | — |
| EPS, diluted | -1.11 | -0.54 | -0.20 | 0.00 | -0.01 | -0.01 | -0.08 | -0.03 | -0.02 | -0.04 |
| Shares, diluted (wtd. avg.) | $4.5M | $5.1M | $4.6M | $284.8M | $20.2M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $401.2K | $156.1K | $152.4K | $197.7K | $976.9K | $41.7K | $110.6K | $59.7K | $77.8K | $256.3K |
| Receivables | — | — | — | — | $27.3K | $232.2K | $480.4K | $1.0M | $1.1M | $1.4M |
| Inventory | — | — | — | — | — | — | $0 | $116.2K | $200.8K | $183.9K |
| Total current assets | $3.3M | $1.0M | $163.4K | $210.7K | $976.9K | $273.9K | $603.3K | $1.2M | $1.4M | $1.8M |
| Property, plant and equipment | — | — | — | — | $0 | $11.0K | $25.4K | $77.2K | $43.2K | $58.6K |
| Goodwill | — | — | — | — | — | — | — | $170.2K | $170.2K | $170.2K |
| Other intangibles | $23.9M | $22.2M | — | — | $35.0K | — | — | — | — | — |
| Total assets | $27.2M | $23.3M | $163.4K | $210.7K | $1.0M | $284.9K | $1.2M | $3.4M | $4.0M | $4.4M |
| Accounts payable | — | — | $35.2K | $11.4K | $11.1K | $43.3K | $41.2K | $76.0K | $79.2K | $82.5K |
| Short-term debt | $825.7K | — | — | — | — | — | $0 | $90.0K | $225.0K | $300.0K |
| Total current liabilities | $7.8M | $1.8M | $35.2K | $11.4K | $11.1K | $533.3K | $1.1M | $1.7M | $1.7M | $1.7M |
| Long-term debt | — | — | — | — | — | — | — | — | — | $0 |
| Total liabilities | — | — | — | — | — | — | — | — | — | $1.7M |
| Retained earnings | -$9.7M | -$4.8M | -$2.0M | -$1.1M | -$285.0K | -$20.1M | -$19.8M | -$18.2M | -$17.6M | -$17.2M |
| Total equity | $19.4M | $21.5M | $128.2K | $199.3K | $1.0M | $1.3M | $49.0K | $1.7M | $2.3M | $2.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $878.4K | -$349.8K | -$457.8K | -$789.3K | -$162.7K | $447.0K | $635.9K | -$123.2K | -$149.8K | $202.6K |
| Depreciation and amortisation | — | — | — | — | $11.0K | $14.4K | $51.8K | $25.5K | $19.1K | $19.2K |
| Stock-based compensation | $2.3M | $1.2M | $378.6K | — | — | — | $0 | $5.0K | $15.8K | $6.2K |
| Capital expenditure | — | — | — | — | — | — | — | $0 | $3.6K | $0 |
| Investing cash flow | -$1.7M | — | — | — | -$25.0K | — | — | $0 | -$3.6K | $0 |
| Financing cash flow | $1.0M | $353.5K | $412.5K | $10.1K | $1.2M | -$515.9K | -$585.0K | $105.0K | -$25.0K | -$120.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-014356.
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