Petrogress, Inc (PGAS) Financial Statements (2024 and earlier)

Company Profile

Business Address 1, AKTI XAVERIOU AVENUE
PIRAEUS, 18538
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 4412 - Deep Sea Foreign Transportation of Freight (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39218276253154388
Cash and cash equivalents39218276253154388
Receivables2,4723,2532,1851,4931,7882,049
Inventory, net of allowances, customer advances and progress billings1,0166839031,4243781,236
Inventory1,0166839031,4243781,236
Prepaid expense   1,318   
Other undisclosed current assets1,2811,5016282,6002,7772,570
Total current assets:4,8085,6545,3095,7705,0976,242
Noncurrent Assets
Operating lease, right-of-use asset  639669614617554
Property, plant and equipment3,3493,6903,8303,8273,9844,155
Long-term investments and receivables1,5481,000    
Long-term investments1,5481,000    
Intangible assets, net (including goodwill)2592592592592591,159
Goodwill      900
Intangible assets, net (excluding goodwill)259259259259259259
Deposits noncurrent assets81513121211
Deferred costs   24710
Total noncurrent assets:5,1635,6034,7724,7164,8785,889
TOTAL ASSETS:9,97111,25710,08110,4869,97612,131
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,5143,1652,0012,6691,6411,069
Employee-related liabilities   1,270   
Accounts payable   70   
Other undisclosed accounts payable and accrued liabilities3,5143,1656612,6691,6411,069
Debt422422497347483466
Derivative instruments and hedges, liabilities     1,6961,067
Due to related parties5515516955226201,271
Other undisclosed current liabilities31529212519
Total current liabilities:4,4914,1543,2233,5604,4653,892
Noncurrent Liabilities
Long-term debt and lease obligation:  689721665604538
Operating lease, liability  689721665604538
Other undisclosed noncurrent liabilities  (689)(721)(665)(604)(538)
Total noncurrent liabilities:  689 665604538
Total liabilities:4,4914,8433,9444,2255,0694,430
Equity
Equity, attributable to parent, including:5,4806,4146,1386,2604,9067,644
Preferred stock10     
Common stock3535352685
Additional paid in capital10,80110,80110,56210,2599,37810,184
Accumulated other comprehensive loss(4)(10)(16)(10)(10)(10)
Accumulated deficit(5,361)(4,422)(4,454)(4,025)(4,479)(2,545)
Other undisclosed equity, attributable to parent  1010101010
Equity, attributable to noncontrolling interest      58
Total equity:5,4806,4146,1386,2604,9067,701
TOTAL LIABILITIES AND EQUITY:9,97111,25710,08110,4869,97612,131

Income Statement (P&L) ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Revenues(45)1,5046,0747881332,148
Other income (189)4047511334 
Cost of revenue
(Cost of Goods and Services Sold)
 (438)(1,119)(3,185) (678)(1,353)
Other undisclosed gross profit      
Gross profit:(483)3852,889788(545)795
Operating expenses(766)(514)(3,249)(1,967)(459)(1,338)
Operating loss:(1,249)(129)(360)(1,179)(1,004)(543)
Nonoperating income (expense)(0)(17)(107)1,638(769)(380)
Investment income, nonoperating   01,627(630)(257)
Other nonoperating income (expense)(0)(17)(75)30(52)(16)
Income (loss) from continuing operations:(1,249)(146)(467)459(1,772)(923)
Income (loss) before gain (loss) on sale of properties:(1,249)(146)(467)459(1,772)(923)
Net income (loss):(1,249)(146)(467)459(1,772)(923)
Net income attributable to noncontrolling interest      12
Net income (loss) attributable to parent:(1,249)(146)(467)459(1,772)(910)
Other undisclosed net loss available to common stockholders, basic      (1)
Net income (loss) available to common stockholders, diluted:(1,249)(146)(467)459(1,772)(911)

Comprehensive Income ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Net income (loss):(1,249)(146)(467)459(1,772)(923)
Comprehensive income (loss):(1,249)(146)(467)459(1,772)(923)
Comprehensive income, net of tax, attributable to noncontrolling interest      12
Comprehensive income (loss), net of tax, attributable to parent:(1,249)(146)(467)459(1,772)(910)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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