PETROTEQ ENERGY INC. (PQEFF) financial statements (2022 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
SIC 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

11/30/2021
Q1
8/31/2021
Q4
5/31/2021
Q3
2/28/2021
Q2
11/30/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments691,01330716299
Cash and cash equivalents691,01330716299
Receivables94540929190
Inventory, net of allowances, customer advances and progress billings1717172515
Inventory1717172515
Prepaid expense155    
Other undisclosed current assets2,6472,6292,4472,3722,371
Total current assets:2,9814,1992,8632,6492,574
Noncurrent Assets
Finance lease, right-of-use asset  245245245
Operating lease, right-of-use asset155167178189199
Property, plant and equipment41,03841,04940,44240,33739,744
Intangible assets, net (including goodwill)708708708708708
Intangible assets, net (excluding goodwill)708708708708708
Other undisclosed noncurrent assets34,91134,91134,66634,66634,666
Total noncurrent assets:76,81276,83576,23976,14575,562
TOTAL ASSETS:79,79381,03579,10278,79478,137
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,9543,6704,3733,5943,399
Accounts payable2,3742,1052,3441,9742,115
Accrued liabilities1,5791,5652,0291,6201,284
Debt1,0525,3316,1247,9628,026
Due to related parties436494735658652
Other undisclosed current liabilities5199694,6301,3291,783
Total current liabilities:5,96010,46415,86213,54313,860
Noncurrent Liabilities
Long-term debt and lease obligation1,7411,4471,2091,7131,440
Long-term debt, excluding current maturities1,6351,3291,0781,5701,257
Finance lease, liability    28
Operating lease, liability105119131143155
Liabilities, other than long-term debt2,9702,9702,9702,9702,970
Asset retirement obligations2,9702,9702,9702,9702,970
Total noncurrent liabilities:4,7114,4184,1804,6844,411
Total liabilities:10,67114,88220,04218,22618,271
Stockholders' equity
Stockholders' equity attributable to parent69,12266,15359,06060,56759,865
Common stock171,806166,292156,107152,677150,940
Accumulated deficit(102,684)(100,139)(97,047)(92,109)(91,075)
Other undisclosed stockholders' equity (132,306)   
Total stockholders' equity:69,122(66,153)59,06060,56759,865
Other undisclosed liabilities and equity 132,306   
TOTAL LIABILITIES AND EQUITY:79,79381,03579,10278,79478,137

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

11/30/2021
Q1
8/31/2021
Q4
5/31/2021
Q3
2/28/2021
Q2
11/30/2020
Q1
Cost of revenue
(Cost of Goods and Services Sold)
(285)(1,713)(14)  
Other undisclosed gross profit   (19)1,655
Gross profit:(285)(1,713)(14)(19)1,655
Operating expenses(2,260)(1,379)(4,924)(1,015)(2,065)
Other operating income, net28279183145544
Other nonrecurring (income) expense(282)(791)(83)(145)(544)
Operating income (loss):(2,264)(2,300)(4,855)(889)134
Nonoperating income
(Debt Instrument, Convertible, Beneficial Conversion Feature)
714    
Interest and debt expense(697)(559)(875)(305)(706)
Loss from continuing operations before equity method investments, income taxes:(2,246)(2,859)(5,730)(1,194)(572)
Other undisclosed income from continuing operations before income taxes4,7925,95010,669160983
Income (loss) before gain (loss) on sale of properties:2,5453,0914,938(1,034)411
Other undisclosed net loss    (821)
Net income (loss):2,5453,0914,938(1,034)(411)
Other undisclosed net loss attributable to parent(5,090)(18,948)(9,876)  
Net loss available to common stockholders, diluted:(2,545)(15,857)(4,938)(1,034)(411)

Comprehensive Income ($ in thousands)

11/30/2021
Q1
8/31/2021
Q4
5/31/2021
Q3
2/28/2021
Q2
11/30/2020
Q1
Net income (loss):2,5453,0914,938(1,034)(411)
Comprehensive income (loss):2,5453,0914,938(1,034)(411)
Other undisclosed comprehensive income, net of tax, attributable to parent    821
Comprehensive income (loss), net of tax, attributable to parent:2,5453,0914,938(1,034)411

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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