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) (USD)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20421,140160,067379,232637,7878,599,620
Cash and cash equivalents20421,140160,067379,232637,7878,599,620
Restricted cash and investments      7,850,000
Prepaid expense   6,01016,26217,209 
Other undisclosed current assets121,321144,603   (7,824,184)
Total current assets:121,525165,743166,077395,494654,9968,625,436
Noncurrent Assets
Property, plant and equipment2,6233,8855,1486,4107,6738,935
Deposits noncurrent assets  1,7501,7501,750530530
Total noncurrent assets:2,6235,6356,8988,1608,2039,465
TOTAL ASSETS:124,148171,378172,975403,654663,1998,634,901
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities171,14981,09754,56855,492129,15066,701
Accounts payable171,14981,09723,41448,83885,72438,849
Accrued liabilities   31,1546,65443,42627,852
Debt19,471 3,0003,0003,0003,000
Derivative instruments and hedges, liabilities181,967     
Due to related parties62,7045,890    
Other undisclosed current liabilities20,07316,521    
Total current liabilities:455,364103,50857,56858,492132,15069,701
Noncurrent Liabilities
Total liabilities:455,364103,50857,56858,492132,15069,701
Equity
Equity, attributable to parent(331,256)67,830115,367345,122531,0098,557,522
Common stock484,257484,257234,257234,257204,257268,559
Treasury stock, value   (8,428,060)(8,428,060)(8,428,060) 
Additional paid in capital   28,164,96428,139,96428,053,29627,403,296
Accumulated deficit(815,513)(416,427)(19,855,794)(19,601,039)(19,298,484)(19,114,333)
Other undisclosed equity40404040407,678
Total equity:(331,216)67,870115,407345,162531,0498,565,200
TOTAL LIABILITIES AND EQUITY:124,148171,378172,975403,654663,1998,634,901

Income Statement (P&L) (USD)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
Operating expenses(298,729) (254,759)(302,558)(198,910)(139,070)
Operating loss:(298,729) (254,759)(302,558)(198,910)(139,070)
Interest and debt expense(1,919)     
Other undisclosed loss from continuing operations before equity method investments, income taxes      (476)
Loss from continuing operations before equity method investments, income taxes:(300,648) (254,759)(302,558)(198,910)(139,546)
Other undisclosed income (loss) from continuing operations before income taxes(98,438)  414,759840
Loss from continuing operations before income taxes:(399,086) (254,759)(302,554)(184,151)(138,706)
Other undisclosed income from continuing operations  734,374    
Income (loss) from continuing operations:(399,086)734,374(254,759)(302,554)(184,151)(138,706)
Income (loss) before gain (loss) on sale of properties:(399,086)734,374(254,759)(302,554)(184,151)(138,706)
Net income (loss) attributable to parent:(399,086)734,374(254,759)(302,554)(184,151)(138,706)
Other undisclosed net income (loss) available to common stockholders, basic(7,890)26,926(9,074)(8,975)(8,877)(157,786)
Net income (loss) available to common stockholders, diluted:(406,976)761,300(263,833)(311,529)(193,028)(296,492)

Comprehensive Income (USD)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
Net income (loss):(399,086)734,374(254,759)(302,554)(184,151)(138,706)
Comprehensive income (loss), net of tax, attributable to parent:(399,086)734,374(254,759)(302,554)(184,151)(138,706)

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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