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Energy & Technology Corp. Symbol:  ENGT Click here for a printable version Business Summary: Energy & Technology, Corp. provides non-destructive testing (NDT) services for oilfield pipes and equipment primarily in the United States.   Address   Petroleum Towers, Suite 530   P.O. Box 52523   Lafayette , LA 70505   Phone: 337-984-2000   Website: http://www.engt.com Auditor   LaPorte, Sehrt, Romig & Hand Transfer Agent   Olde Monmouth Stock Transfer Co., Inc. ShareHolders:  147 Founded:  2006 Domicile:  Delaware      S & P Disclaimer   Energy & Technology Corp. Symbol:  ENGT Click here for a printable version Energy & Technology, Corp. provides non-destructive testing (NDT) services for oilfield pipes and equipment primarily in the United States. It offers ultrasonic pipe inspection technology and its proprietary NDT electronic equipment systems that perform the NDT services, including electromagnetic inspection for oilfield pipe and equipment; and ultrasonic inspection systems for new and used drill pipe, tubing, casing, and line pipe. The company also offers engineering services to assist its customers in the design, improvement, installation, and/or integration of NDT components and systems. In addition, it distributes oilfield pipe and equipment used in exploration, drilling, and production. Energy & Technology, Corp. serves oil companies, steel mills, material suppliers, drilling companies, material rental companies, and engineering companies. The company was formerly known as Technical Industries & Energy, Corp. and changed its name to Energy & Technology, Corp. in September 2008. Energy & Technology, Corp was founded in 2006 and is headquartered in Lafayette, Louisiana. History:  INCORPORATED in Delaware Nov. 29, 2006, as Technical Industries & Energy, Corp.; name changed to Energy & Technology Corp. Sept. 9, 2008. January 3, 2007, acquired all of the outstanding Common stock of Technical Industries, Inc. for 50,000,000 Common shares of the company. Technical Industries, Inc. was founded on May 11, 1971.   Subsidiaries: Technical Industries, Inc.            S & P Disclaimer   Energy & Technology Corp. Symbol:  ENGT Click here for a printable version Management Officers Position  George M. Sfeir President & Chief Executive Officer  Chongyuan  Zhu Secretary & Chief Financial Officer  Edmund J. Baudoin, Jr. Treasurer Directors  George M. Sfeir      S & P Disclaimer   Energy & Technology Corp. Symbol:  ENGT Click here for a printable version   Capitalization as of 03/31/2010:     Authorized Shares Outstanding Shares Common $0.001 par 250,000,000 53,688,000 Preferred $0.001 par 10,000,000 None   LONG TERM DEBT: $472,233.   Common $0.001 par   Stockholders:  04/14/2010, 147. PRINCIPAL STOCKHOLDERS: December 31, 2009, George M. Sfeir owned or controlled 89.2% of the Common.   Transfer Agent:  Olde Monmouth Stock Transfer Co., Inc.   Atlantic Highlands , NJ   OTC Bulletin Board( Primary): ENGT   Exchange Year High Low OTC Bulletin Board 2009 10.0100 0.0500   DIVIDENDS: Common $0.001 par: None.        S & P Disclaimer   Energy & Technology Corp. Symbol:  ENGT Click here for a printable version Annual Report   Income Statement   2009 2008 Revenues 6,863,367 10,027,950 EXPENSES Cost of Revenues (3,815,256) (6,031,965) General and Administrative Expenses (2,110,989) (1,470,700) Depreciation (189,082) (87,444) Interest Expense (99,637) (95,863) Investment (Loss) Income, Net 13,020 (3,727) Other Expenses (75) - Loss on Sale of Assets (6,210) - Earnings before Taxes 655,138 2,338,254 TAXES AND OTHER EXPENSES Provision for Income Tax (309,077) (879,598) Net Income (Loss) 346,061 1,458,656 SUPPLEMENTARY INFO Gross Profit/loss 3,048,111.00 3,995,988.00 Operating Income (Loss) 748,040.00 2,437,844.00 Basic and diluted EPS Nil Nil   Balance Sheet   2009 2008 ASSETS CURRENT ASSETS Cash and Cash Equivalents 1,657,330 603,275 Trade Net 1,067,037 1,684,890 Others 23,246 25,399 Inventory 5,563,557 7,102,294 Deferred Tax Assets 73,511 170,622 Prepaid Expenses 52,150 73,968 Total Current Assets 8,436,831 9,660,448 NON CURRENT ASSETS Property and Equipment, net 6,817,040 9,755,533 Patents-net 508,548 537,335 Deferred IPO Expenses 72,520 71,346 Deposits 4,988 4,988 Other Assets 43,414 17,648 Total Assets 15,883,340 20,047,300 LIABILITIES CURRENT LIABILITIES Accounts Payable 3,345,076 5,407,381 Accrued Rents 1,337,500 1,187,500 Accrued Payroll and Payroll Liabilities 65,917 110,661 Current Maturities of Notes Payable 178,553 43,030 Income Taxes Payable 46,318 66,147 Customer Deposits 551,075 551,075 Accrued Liability for Capital Expenditure - 7,235,717 Total Current Liabilities 5,524,439 14,601,510 NON CURRENT LIABILITIES Due to Affiliates 1,765,692 1,711,416 Notes Payable 508,451 92,393 Deferred Taxes Payable 1,343,432 1,181,929 SHAREHOLDERS' EQUITY Common Stock - Par Value 50,000 175,100 Additional Paid in Capital 4,112,112 180,375 Retained Earnings 2,575,635 2,229,574 Shares Paid for But not Issued At December 31, 2009 and 0 At December 3,580 - Discount on Capital Stock - (125,000) Total Shareholders Equity 6,741,327 2,460,049 Total Liabilities & Shareholders Equity 15,883,340 20,047,300      S & P Disclaimer   Energy & Technology Corp. Symbol:  ENGT Click here for a printable version Interim Report      Data Not Available            S & P Disclaimer   Energy & Technology Corp. Symbol:  ENGT Click here for a printable version Pro Forma Report      Data Not Available            S & P Disclaimer   Energy & Technology Corp. Symbol:  ENGT Click here for a printable version Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2010   1 890,000   2009   1 2,450,000   2009   2 2,240,000   2009   3 1,500,000   2009   4 670,000   2009   Full Year 6,860,000   2008   1 1,440,000   2008   2 3,740,000   2008   3 2,680,000   2008   4 2,170,000   2008   Full Year 10,030,000   2007   1 610,000   2007   2 900,000   2007   3 1,050,000   2007   4 1,480,000   2007   Full Year 4,040,000   2006   Full Year 2,610,000     Quarterly Net Income, US$ Year Quarter Revenue   2010   1 Nil   2009   1 Nil   2009   2 Nil   2009   3 Nil   2009   4 Nil   2009   Full Year 350,000   2008   Full Year 1,460,000   2007   Full Year 500,000   2006   Full Year 370,000     Quarterly EPS, US$ Year Quarter Revenue   2010   1 Nil   2009   1 Nil   2009   2 Nil   2009   3 Nil   2009   4 (.01)   2009   Full Year Nil   2008   1 Nil   2008   2 .00   2008   3 Nil   2008   4 Nil   2008   Full Year Nil   2007   4 Nil   2007   Full Year Nil   2006   Full Year Nil      S & P Disclaimer