Petrosonic Energy Inc (PSON) Financial Statements (2025 and earlier)

Company Profile

Business Address 914 WESTWOOD BOULEVARD, NUMBER 545
LOS ANGELES, CA 90024
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 2911 - Petroleum Refining (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

9/30/2016
MRQ
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 117,936444,6301,007,652 
Cash and cash equivalent 117,936444,6301,007,652 
Receivables 25,63433,56050,607 
Inventory, net of allowances, customer advances and progress billings  75,88375,744
Inventory  75,88375,744 
Prepaid expense 10,37718,92954,188
Other current assets  15,64523,513
Total current assets: 153,947588,6471,211,704 
Noncurrent Assets
Property, plant and equipment  718,1431,178,766735,220
Other undisclosed noncurrent assets  70,00070,000 
Total noncurrent assets:  788,1431,248,766735,220
TOTAL ASSETS: 153,9471,376,7902,460,470735,220
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 725,081697,396632,088 
Accounts payable 340,412431,590457,177 
Accrued liabilities 384,669265,806174,911 
Due to related parties 37,3655,868  
Other undisclosed current liabilities 200,000200,000205,868 
Total current liabilities: 962,446903,264837,956 
Noncurrent Liabilities
Total liabilities: 962,446903,264837,956 
Equity
Equity, attributable to parent, including: (758,580)482,7021,395,622 
Common stock 90,28989,62179,821 
Common stock, share subscribed but unissued, subscriptions receivable (140,000)   
Additional paid in capital 5,853,0585,682,8654,972,751 
Accumulated other comprehensive loss (224,145)(293,321)(376,836) 
Accumulated deficit (6,337,782)(4,856,463)(3,140,114) 
Other undisclosed equity, attributable to parent  (140,000)(140,000) 
Equity, attributable to noncontrolling interest (49,919)(9,176)226,892 
Total equity: (808,499)473,5261,622,514 
TOTAL LIABILITIES AND EQUITY: 153,9471,376,7902,460,470 

Income Statement (P&L) (USD)

9/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Operating expenses (1,499,839)(1,507,943)  
Other undisclosed operating income    597,000
Operating income (loss): (1,499,839)(1,507,943) 597,000
Nonoperating income (expense) (22,223)(444,474)213,956213,956
Debt instrument, convertible, beneficial conversion feature   213,956213,956
Interest and debt expense (22,223)(20,000)28,083 
Income (loss) from continuing operations: (1,544,285)(1,972,417)242,039810,956
Income (loss) before gain (loss) on sale of properties: (1,544,285)(1,972,417)242,039810,956
Other undisclosed net income (loss) 22,22320,000(2,857,028) 
Net income (loss): (1,522,062)(1,952,417)(2,614,989)810,956
Net income attributable to noncontrolling interest 40,743236,068  
Net income (loss) available to common stockholders, diluted: (1,481,319)(1,716,349)(2,614,989)810,956

Comprehensive Income (USD)

9/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss): (1,522,062)(1,952,417)(2,614,989)810,956
Other comprehensive loss (69,176)(83,515)  
Other undisclosed comprehensive income 138,352167,030  
Comprehensive income (loss): (1,452,886)(1,868,902)(2,614,989)810,956
Comprehensive income, net of tax, attributable to noncontrolling interest 40,743236,068  
Comprehensive income (loss), net of tax, attributable to parent: (1,412,143)(1,632,834)(2,614,989)810,956

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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