Planet Green Holdings Corp. (PLAG) financial statements (2022 and earlier)

Company profile

Business Address 36-10 UNION ST, 2ND FLOOR
FLUSHING, NY 11354
State of Incorp. NV
Fiscal Year End December 31
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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1317551,4461,4673,4165,5944,241
Cash and cash equivalents1,1317551,4461,4673,4165,5944,241
Restricted cash and investments381      
Receivables11,4902,9481,9255,2258359681,788
Inventory, net of allowances, customer advances and progress billings7,8167,8913,6213,5332,2522,4782,113
Inventory7,8167,8913,6213,5332,2522,4782,113
Prepaid expense     1 
Advances on inventory purchases5,6816,9887,2637,1675,9232,6929,777
Other undisclosed current assets80410,1046,8753,4631,0921,0261,265
Total current assets:27,30428,68621,13020,85313,51712,75919,184
Noncurrent Assets
Operating lease, right-of-use asset585679785    
Property, plant and equipment22,96122,865 19,2164,5974,5405,032
Long-term investments and receivables3,137      
Long-term investments3,137      
Intangible assets, net (including goodwill)22,38020,89510,07210,0653,8576,4511,444
Goodwill18,18116,7196,4556,4552,3404,959 
Intangible assets, net (excluding goodwill)4,2004,1763,6173,6091,5161,4921,444
Prepaid expense7067,3097,244    
Deferred income tax assets1,1721,1521,1571,137   
Other undisclosed noncurrent assets7,771 19,139872 151,232
Total noncurrent assets:58,71252,90038,39631,2908,45311,0057,709
TOTAL ASSETS:86,01681,58659,52652,14321,97023,76426,893
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,0254,4412,0231,8931,5021,3461,159
Accounts payable6,2384,2821,8491,8271,3031,2461,048
Accrued liabilities      25
Taxes payable7881601746719910086
Debt3,8127,2554,3834,261 35246
Due to related parties5,1964,0481,5871,3802028028
Other undisclosed current liabilities18,34510,2045,8135,7122,1061,5411,859
Total current liabilities:34,37925,94913,80613,2473,6283,2033,292
Noncurrent Liabilities
Long-term debt and lease obligation 440439    
Operating lease, liability 440439    
Liabilities, other than long-term debt    31  
Due to related parties    31  
Other undisclosed noncurrent liabilities380(77)(314)709  355
Total noncurrent liabilities:38080256370931 355
Other undisclosed liabilities    (0)  
Total liabilities:34,75926,75114,36913,9563,6593,2033,647
Stockholders' equity
Stockholders' equity attributable to parent46,90649,12543,07136,04218,31120,56223,245
Common stock3630242012119
Additional paid in capital133,232130,652122,202115,21695,65993,90089,312
Accumulated other comprehensive income7,7117,5087,6406,5276,9728,8347,912
Accumulated deficit(94,072)(89,064)(86,794)(85,720)(84,332)(82,184)(73,988)
Stockholders' equity attributable to noncontrolling interest4,3505,7102,0862,145   
Total stockholders' equity:51,25654,83645,15738,18718,31120,56223,245
TOTAL LIABILITIES AND EQUITY:86,01681,58659,52652,14321,97023,76426,893

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues22,1718,4844,8772,2361,1671,204471
Cost of revenue(20,171)(7,133)(4,586)(2,031)(748)(515)(288)
Other undisclosed gross profit  (0)    
Gross profit:2,0001,351290206419689184
Operating expenses(3,204)(3,690)(1,402)(1,787)(2,720)(762)(296)
Other undisclosed operating income   0   
Operating loss:(1,204)(2,339)(1,112)(1,581)(2,301)(73)(112)
Nonoperating income (expense)(3,672)(60)(124)90(5,956)48(6)
Investment income, nonoperating   4,587 32
Other nonoperating income (expense)     79(6)
Interest and debt expense      (3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    (2,363) 3
Loss from continuing operations before equity method investments, income taxes:(4,876)(2,400)(1,236)(1,491)(10,620)(26)(118)
Other undisclosed income from continuing operations before income taxes  68    
Loss from continuing operations before income taxes:(4,876)(2,400)(1,167)(1,491)(10,620)(26)(118)
Income tax expense(56)      
Other undisclosed income from continuing operations    2,788  
Loss from continuing operations:(4,933)(2,400)(1,167)(1,491)(7,832)(26)(118)
Income (loss) from discontinued operations    8,472(8,170) 
Income (loss) before gain (loss) on sale of properties:(4,933)(2,400)(1,167)(1,491)639(8,195)(118)
Other undisclosed net loss  (0) (2,788)  
Net loss:(4,933)(2,400)(1,167)(1,491)(2,148)(8,195)(118)
Net income (loss) attributable to noncontrolling interest(75)13093103   
Other undisclosed net income (loss) attributable to parent75(130)(93)(103)   
Net loss attributable to parent:(4,933)(2,400)(1,167)(1,491)(2,148)(8,195)(118)
Other undisclosed net income available to common stockholders, basic251 93103   
Net loss available to common stockholders, basic:(4,682)(2,400)(1,074)(1,388)(2,148)(8,195)(118)
Other undisclosed net income (loss) available to common stockholders, diluted(326)130     
Net loss available to common stockholders, diluted:(5,008)(2,270)(1,074)(1,388)(2,148)(8,195)(118)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net loss:(4,933)(2,400)(1,167)(1,491)(2,148)(8,195)(118)
Other comprehensive income209      
Comprehensive loss:(4,724)(2,400)(1,167)(1,491)(2,148)(8,195)(118)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(75)13093103   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent75(269)44453(1,862)92214
Comprehensive loss, net of tax, attributable to parent:(4,724)(2,539)(630)(1,336)(4,010)(7,273)(103)

Statements sources

The financial statements are based on the company's filings with the 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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