Planet Green Holdings Corp. (PLAG) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
130-30 31ST AVE, SUITE 512 FLUSHING, NY 11354 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 203 - Canned, Frozen, And Preserved Fruits, Vegetables, and Food Specialties (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 93 | 751 | 3,416 | 7,403 | 1,063 | 85 | |||
| Cash and cash equivalents | 93 | 751 | 3,416 | 7,403 | 1,063 | 85 | |||
| Restricted cash and investments | 381 | ||||||||
| Receivables | 2,997 | 11,490 | 835 | 1,118 | 6,530 | 730 | |||
| Inventory, net of allowances, customer advances and progress billings | 4,154 | 7,816 | 2,252 | 1,947 | 10,593 | ||||
| Inventory | 4,154 | 7,816 | 2,252 | 1,947 | 10,593 | ||||
| Prepaid expense | 580 | ||||||||
| Advances on inventory purchases | 5,417 | 5,681 | 5,923 | 7,414 | 7,382 | 3,130 | |||
| Disposal group, including discontinued operation | 791 | ||||||||
| Other undisclosed current assets | 594 | 1,185 | 1,092 | 275 | 16 | 1,612 | |||
| Total current assets: | 13,835 | 27,304 | 13,517 | 18,158 | 14,991 | 16,941 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 585 | ✕ | ✕ | ||||||
| Property, plant and equipment | 22,602 | 22,961 | 4,597 | 4,973 | 1,372 | 36,663 | |||
| Long-term investments and receivables | 16,488 | 3,137 | |||||||
| Long-term investments | 16,488 | 3,137 | |||||||
| Intangible assets, net (including goodwill) | 7,795 | 22,380 | 3,857 | 1,534 | 13,168 | ||||
| Goodwill | 4,725 | 18,181 | 2,340 | ||||||
| Intangible assets, net (excluding goodwill) | 3,070 | 4,200 | 1,516 | 1,534 | 13,168 | ||||
| Prepaid expense | 706 | ||||||||
| Deposits noncurrent assets | 1 | ||||||||
| Disposal group, including discontinued operation, noncurrent assets | 896 | ||||||||
| Deferred income tax assets | 1,172 | ✕ | ✕ | ||||||
| Other undisclosed noncurrent assets | 7,771 | 1,234 | 846 | 819 | |||||
| Total noncurrent assets: | 46,885 | 58,712 | 8,453 | 7,741 | 2,219 | 51,547 | |||
| TOTAL ASSETS: | 60,720 | 86,016 | 21,970 | 25,898 | 17,210 | 68,488 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,612 | 7,025 | 1,502 | 1,084 | 734 | 4,506 | |||
| Taxes payable | ✕ | ✕ | 199 | 106 | 155 | 355 | |||
| Accounts payable | 3,528 | 6,238 | 1,303 | 953 | 579 | 4,151 | |||
| Accrued liabilities | 1,083 | 788 | 25 | ||||||
| Debt | 3,590 | 3,812 | 136 | 55,360 | |||||
| Disposal group, including discontinued operation | 8,608 | 9,611 | |||||||
| Due to related parties | ✕ | 4,283 | 5,196 | 20 | |||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 485 | ||
| Other undisclosed current liabilities | 7,089 | 18,345 | 2,106 | 3,570 | 579 | 9,317 | |||
| Total current liabilities: | 19,573 | 34,379 | 3,628 | 4,790 | 9,921 | 79,279 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt, including: | 274 | 31 | |||||||
| Due to related parties | ✕ | 31 | |||||||
| Other undisclosed liabilities, other than long-term debt | 274 | ||||||||
| Other undisclosed noncurrent liabilities | 287 | 380 | 374 | ||||||
| Total noncurrent liabilities: | 561 | 380 | 31 | 374 | |||||
| Other undisclosed liabilities | (0) | ||||||||
| Total liabilities: | 20,134 | 34,759 | 3,659 | 5,164 | 9,921 | 79,279 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 40,586 | 46,906 | 18,311 | 20,735 | 5,498 | (3,046) | |||
| Common stock | 72 | 36 | 12 | 8 | 5 | 38 | |||
| Additional paid in capital | 155,703 | 133,232 | 95,659 | 85,803 | 74,739 | 57,852 | |||
| Accumulated other comprehensive income | 4,692 | 7,711 | 6,972 | 8,204 | 9,792 | 13,589 | |||
| Accumulated deficit | (119,881) | (94,072) | (84,332) | (73,281) | (79,039) | (99,629) | |||
| Other undisclosed equity, attributable to parent | 25,103 | ||||||||
| Equity, attributable to noncontrolling interest | 4,350 | (1,020) | (7,745) | ||||||
| Other undisclosed equity | 2,811 | ||||||||
| Total equity: | 40,586 | 51,256 | 18,311 | 20,735 | 7,289 | (10,791) | |||
| TOTAL LIABILITIES AND EQUITY: | 60,720 | 86,016 | 21,970 | 25,898 | 17,210 | 68,488 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 44,757 | 37,768 | 3,639 | 4,113 | 6,829 | 5,110 | ||
| Cost of revenue | (40,405) | (33,922) | (2,370) | (2,980) | (6,524) | (5,465) | ||
| Gross profit: | 4,352 | 3,846 | 1,269 | 1,133 | 305 | (355) | ||
| Operating expenses | (9,625) | (10,083) | (4,057) | (1,959) | (889) | (40,998) | ||
| Operating loss: | (5,273) | (6,236) | (2,788) | (825) | (584) | (41,353) | ||
| Nonoperating income (expense) | (9,995) | (3,698) | (6,051) | (5,011) | 435 | (5,838) | ||
| Investment income, nonoperating | (84) | (6,079) | (5,025) | 0 | ||||
| Other nonoperating income (expense) | (634) | (647) | 27 | 23 | 12 | (1,761) | ||
| Interest and debt expense | (291) | (23) | (10) | (0) | (4,076) | |||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (2,340) | 10 | 0 | 4,076 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (15,559) | (9,935) | (11,202) | (5,837) | (149) | (47,191) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 291 | |||||||
| Loss from continuing operations before income taxes: | (15,268) | (9,935) | (11,202) | (5,837) | (149) | (47,191) | ||
| Income tax expense | (1,475) | (56) | (164) | (161) | ||||
| Other undisclosed income from continuing operations | 2,788 | |||||||
| Loss from continuing operations: | (16,743) | (9,991) | (8,415) | (5,837) | (313) | (47,352) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (8,264) | 2,947 | 16,831 | (78,305) | |
| Income (loss) from discontinued operations | 151 | 8,784 | 17,145 | (30,953) | ||||
| Other undisclosed net loss | (9,192) | (2,788) | (18,623) | |||||
| Net income (loss): | (25,935) | (9,991) | (11,051) | (15,676) | 16,831 | (78,305) | ||
| Net income (loss) attributable to noncontrolling interest | 153 | 251 | (3,758) | (15,073) | ||||
| Other undisclosed net income (loss) attributable to parent | (27) | (251) | 18,623 | 3,758 | 15,073 | |||
| Net income (loss) attributable to parent: | (25,808) | (9,991) | (11,051) | 2,947 | 16,831 | (78,305) | ||
| Other undisclosed net income available to common stockholders, basic | 251 | |||||||
| Net income (loss) available to common stockholders, basic: | (25,808) | (9,740) | (11,051) | 2,947 | 16,831 | (78,305) | ||
| Other undisclosed net income (loss) available to common stockholders, diluted | 0 | |||||||
| Net income (loss) available to common stockholders, diluted: | (25,808) | (9,740) | (11,051) | 2,947 | 16,831 | (78,305) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (25,935) | (9,991) | (11,051) | (15,676) | 16,831 | (78,305) | ||
| Other comprehensive income (loss) | (3,019) | 762 | ||||||
| Comprehensive income (loss): | (28,954) | (9,229) | (11,051) | (15,676) | 16,831 | (78,305) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 153 | 251 | (3,758) | (15,073) | ||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (153) | (251) | (1,232) | 17,034 | (38) | 16,491 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (28,954) | (9,229) | (12,283) | 1,359 | 13,035 | (76,888) | ||
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.