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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments71322493227300354
Cash and cash equivalents71322493227300354
Restricted cash and investments    8579959
Receivables2,8493,5692,9979,04510,34910,974
Inventory, net of allowances, customer advances and progress billings3,6563,9574,1548,2088,2898,042
Inventory3,6563,9574,1548,2088,2898,042
Prepaid expense468513580   
Advances on inventory purchases8,3386,3765,4176,2296,4856,360
Other undisclosed current assets1,6237395949791,4951,256
Total current assets:17,64715,37813,83524,77326,99627,944
Noncurrent Assets
Operating lease, right-of-use asset    234351480
Property, plant and equipment  22,40422,60225,99428,15522,502
Long-term investments and receivables2,76816,52716,48816,5177,0803,150
Long-term investments2,76816,52716,48816,5177,0803,150
Intangible assets, net (including goodwill)7,5927,7877,79528,99329,25622,341
Goodwill4,7254,7254,72525,37425,37418,181
Intangible assets, net (excluding goodwill)2,8673,0623,0703,6183,8824,161
Prepaid expense     2,5932,741
Deferred income tax assets    1,0531,1131,177
Other undisclosed noncurrent assets20,820  26 7,805
Total noncurrent assets:31,18046,71846,88572,81568,54860,197
TOTAL ASSETS:48,82762,09660,72097,58895,54588,141
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,6935,0434,6129,2778,6988,029
Taxes payable959937872
Accounts payable3,5263,8253,5287,3596,8236,286
Accrued liabilities1,1671,2181,083959937872
Debt3,4603,6383,5906,0026,3503,812
Due to related parties4,28310,41310,4079,072
Other undisclosed current liabilities13,85213,2337,0898,8099,54114,954
Total current liabilities:22,00621,91419,57334,50134,99535,867
Noncurrent Liabilities
Liabilities, other than long-term debt, including:228257274   
Other undisclosed liabilities, other than long-term debt228257274   
Other undisclosed noncurrent liabilities277291287569622362
Total noncurrent liabilities:505548561569622362
Total liabilities:22,51022,46320,13435,07035,61736,230
Equity
Equity, attributable to parent26,31739,63340,58661,02957,99949,937
Common stock727272726043
Additional paid in capital155,703155,703155,703155,703148,836137,324
Accumulated other comprehensive income3,9075,0244,6924,1975,8897,872
Accumulated deficit(133,366)(121,166)(119,881)(98,943)(96,787)(95,302)
Equity, attributable to noncontrolling interest    1,4891,9291,974
Total equity:26,31739,63340,58662,51859,92851,911
TOTAL LIABILITIES AND EQUITY:48,82762,09660,72097,58895,54588,141

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues4,5738,5346,96910,26415,54411,979
Cost of revenue(4,531)(8,288)(5,220)(9,566)(14,802)(10,816)
Gross profit:432461,7496987421,163
Operating expenses(1,293)(1,406)(2,320)(2,807)(2,235)(2,263)
Operating loss:(1,250)(1,160)(572)(2,109)(1,493)(1,100)
Nonoperating income (expense)(10,918)(78)(9,819)(149)46(72)
Other nonoperating income (expense)60(116) (161)(162)(166)
Interest and debt expense(130)(71)15,919   
Income (loss) from continuing operations before equity method investments, income taxes:(12,298)(1,309)5,529(2,258)(1,447)(1,172)
Other undisclosed income (loss) from continuing operations before income taxes13071(15,919)   
Loss from continuing operations before income taxes:(12,169)(1,238)(10,391)(2,258)(1,447)(1,172)
Income tax expense(31) (1,300)(38)(48)(89)
Loss from continuing operations:(12,200)(1,238)(11,691)(2,296)(1,495)(1,261)
Loss before gain (loss) on sale of properties:(2,296)(1,495)(1,261)
Other undisclosed net loss  (48)(9,192)   
Net loss:(12,200)(1,285)(20,882)(2,296)(1,495)(1,261)
Net income (loss) attributable to noncontrolling interest   (29)1401032
Other undisclosed net income (loss) attributable to parent   155(140)(10)(32)
Net loss available to common stockholders, basic:(12,200)(1,285)(20,756)(2,296)(1,495)(1,261)
Other undisclosed net income (loss) available to common stockholders, diluted   (182)1401032
Net loss available to common stockholders, diluted:(12,200)(1,285)(20,938)(2,156)(1,485)(1,230)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(12,200)(1,285)(20,882)(2,296)(1,495)(1,261)
Other comprehensive income (loss)(1,116) 547  166
Comprehensive loss:(13,316)(1,285)(20,336)(2,296)(1,495)(1,095)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (29)1401032
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  33229(1,853)(2,028)(32)
Comprehensive loss, net of tax, attributable to parent:(13,316)(954)(20,336)(4,010)(3,513)(1,095)

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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