PETROTEQ ENERGY INC. (PQEFF) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
15315 W MAGNOLIA BLVD, SUITE 120 SHERMAN OAKS, CA 91403 |
| State of Incorp. | ON |
| Fiscal Year End | August 31 |
| Industry (SIC) | 1381 - Drilling Oil and Gas Wells (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 8/31/2021 | 8/31/2020 | 8/31/2019 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 62 | 51 | |||
| Cash and cash equivalent | 62 | 51 | |||
| Short-term investments | 0 | ||||
| Receivables | 102 | 144 | |||
| Inventory, net of allowances, customer advances and progress billings | 15 | 177 | |||
| Inventory | 15 | 177 | |||
| Prepaid expense | 446 | ||||
| Other undisclosed current assets | 2,056 | 1,624 | |||
| Total current assets: | 2,235 | 2,441 | |||
| Noncurrent Assets | |||||
| Finance lease, right-of-use asset, after accumulated amortization | 245 | ||||
| Operating lease, right-of-use asset | 209 | ||||
| Property, plant and equipment | 35,583 | 33,614 | |||
| Long-term investments and receivables | 760 | ||||
| Due from related parties | 760 | ||||
| Intangible assets, net (including goodwill) | 708 | 708 | |||
| Intangible assets, net (excluding goodwill) | 708 | 708 | |||
| Other undisclosed noncurrent assets | 34,666 | 35,333 | |||
| Total noncurrent assets: | 71,410 | 70,415 | |||
| TOTAL ASSETS: | 73,645 | 72,856 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 4,176 | 4,130 | |||
| Accounts payable | 2,407 | 2,082 | |||
| Accrued liabilities | 1,770 | 2,048 | |||
| Debt | 8,400 | 6,189 | |||
| Due to related parties | 681 | 50 | |||
| Other undisclosed current liabilities | 1,933 | 1,341 | |||
| Total current liabilities: | 15,190 | 11,710 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 1,355 | 216 | |||
| Long-term debt, excluding current maturities | 1,113 | 216 | |||
| Finance lease, liability | 75 | ||||
| Liabilities, other than long-term debt | 2,970 | 2,970 | |||
| Asset retirement obligations | 2,970 | 2,970 | |||
| Operating lease, liability | 167 | ||||
| Other undisclosed noncurrent liabilities | 141 | ||||
| Total noncurrent liabilities: | 4,326 | 3,327 | |||
| Total liabilities: | 19,516 | 15,037 | |||
| Equity | |||||
| Equity, attributable to parent, including: | 54 | 57,819 | |||
| Common stock | 144,794 | ||||
| Accumulated deficit | (90,664) | (78,285) | |||
| Other undisclosed equity, attributable to parent | (54,076) | 136,104 | |||
| Other undisclosed equity | 54,076 | ||||
| Total equity: | 54,130 | 57,819 | |||
| Other undisclosed liabilities and equity | |||||
| TOTAL LIABILITIES AND EQUITY: | 73,645 | 72,856 | |||
Income Statement (P&L) ($ in thousands)
| 8/31/2021 | 8/31/2020 | 8/31/2019 | ||
|---|---|---|---|---|
| Revenues | 291 | 59 | ||
| Cost of revenue (Cost of Product and Service Sold) | ||||
| Other undisclosed gross profit | (2,702) | (1,639) | ||
| Gross profit: | (2,411) | (1,579) | ||
| Operating expenses | (9,968) | (14,208) | ||
| Other operating income, net | 747 | |||
| Other nonrecurring (income) expense | ||||
| Operating loss: | (11,633) | (15,788) | ||
| Interest and debt expense | (1,990) | (443) | ||
| Loss from continuing operations before equity method investments, income taxes: | (13,623) | (16,231) | ||
| Other undisclosed income from continuing operations before income taxes | 26,002 | 32,019 | ||
| Income from continuing operations: | 12,379 | 15,788 | ||
| Income before gain (loss) on sale of properties: | 12,379 | 15,788 | ||
| Other undisclosed net loss | (24,758) | (31,576) | ||
| Net income (loss): | (12,379) | (15,788) | ||
| Net income attributable to noncontrolling interest | 15,788 | |||
| Other undisclosed net income (loss) attributable to parent | 24,758 | 15,788 | ||
| Net income (loss) available to common stockholders, diluted: | 12,379 | 15,788 | ||
Comprehensive Income ($ in thousands)
| 8/31/2021 | 8/31/2020 | 8/31/2019 | ||
|---|---|---|---|---|
| Net income (loss): | (12,379) | (15,788) | ||
| Comprehensive income (loss): | (12,379) | (15,788) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 15,788 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (12,379) | |||
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.