Pledge Petroleum Corp. (PROP) Financial Statements (2024 and earlier)

Company Profile

Business Address 10655 BAMMEL NORTH HOUSTON ROAD
HOUSTON, TX 77086
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 286 - Industrial Organic Chemicals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2019
MRQ
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 218,6009,17011,7004128
Cash and cash equivalents 218,6009,17011,7004128
Restricted cash and investments  7,850    
Prepaid expense   2622713 
Prepaid expense and other current assets17
Other undisclosed current assets 145(7,824) 16 
Total current assets: 1668,6259,19611,9286046
Noncurrent Assets
Property, plant and equipment 4914691320122
Intangible assets, net (including goodwill), including:    228298
Intangible assets, net (excluding goodwill)    228  
Other undisclosed intangible assets, net (including goodwill)     298
Deposits noncurrent assets 2172  
Other undisclosed noncurrent assets     22
Total noncurrent assets: 6921920619125
TOTAL ASSETS: 1718,6359,21812,848679170
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 816765150388303
Employee-related liabilities     3656
Accounts payable 813931150347187
Accrued liabilities  2834 560
Debt  333301672
Derivative instruments and hedges, liabilities     18238
Disposal group, including discontinued operation   1,026   
Due to related parties 6  1  
Other liabilities      2
Other undisclosed current liabilities 17  291200(58)
Total current liabilities: 104701,0944459071,156
Noncurrent Liabilities
Long-term debt and lease obligation      107
Long-term debt, excluding current maturities      107
Other undisclosed noncurrent liabilities     6182
Total noncurrent liabilities:     6288
Total liabilities: 104701,0944459131,444
Equity
Equity, attributable to parent, including: 688,5588,12312,154(234)(1,274)
Common stock 484269269269260205
Additional paid in capital  27,40326,36026,2719,9143,910
Accumulated deficit (416)(19,114)(18,512)(14,393)(10,412)(5,394)
Other undisclosed equity, attributable to parent   8844
Equity, attributable to noncontrolling interest    249  
Other undisclosed equity 08    
Total equity: 688,5658,12312,403(234)(1,274)
TOTAL LIABILITIES AND EQUITY: 1718,6359,21812,848679170

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

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues  25 9119094
Cost of revenue
(Cost of Goods and Services Sold)
    (273)(233)(358)
Gross profit:  25 (182)(43)(263)
Operating expenses  (628)(2,913)(4,085)(4,148)(3,230)
Other operating expense, net     (827)(323)
Other undisclosed operating income     827323
Operating loss:  (603)(2,913)(4,267)(4,191)(3,494)
Nonoperating income (expense)
(Investment Income, Nonoperating)
    18(449)(238)
Interest and debt expense      176
Loss from continuing operations before equity method investments, income taxes:  (603)(2,913)(4,248)(4,641)(3,556)
Other undisclosed income (loss) from continuing operations before income taxes  1194(84)(378)(261)
Loss from continuing operations before income taxes:  (602)(2,719)(4,332)(5,018)(3,817)
Income tax expense (7)     
Loss from continuing operations: (7)(602)(2,719)(4,332)(5,018)(3,817)
Loss before gain (loss) on sale of properties: (7)(602)(4,368)(4,332)(5,018)(3,817)
Loss from discontinued operations   (1,649)   
Net loss: (7)(602)(4,368)(4,332)(5,018)(3,817)
Net income attributable to noncontrolling interest   249351  
Net loss attributable to parent: (7)(602)(4,119)(3,981)(5,018)(3,817)
Other undisclosed net loss available to common stockholders, basic  (626)(628)(2,918)(1,604) 
Net loss available to common stockholders, diluted: (7)(1,228)(4,747)(6,899)(6,623)(3,817)

Comprehensive Income ($ in thousands)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss: (7)(602)(4,368)(4,332)(5,018)(3,817)
Comprehensive loss: (7)(602)(4,368)(4,332)(5,018)(3,817)
Comprehensive income, net of tax, attributable to noncontrolling interest   249351  
Comprehensive loss, net of tax, attributable to parent: (7)(602)(4,119)(3,981)(5,018)(3,817)

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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