Plastic2Oil, Inc. (PTOI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
20 IROQUOIS ST NIAGARA FALLS, NY 14303 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 5064 - Electrical Appliances, Television and Radio Sets (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2019 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 | 48 | 172 | 271 | 18 | 180 | 204 | |||
| Cash and cash equivalent | 48 | 172 | 271 | 18 | 180 | 204 | |||
| Restricted cash and investments | 101 | 100 | 100 | 100 | |||||
| Receivables | 22 | 3 | 4 | 581 | |||||
| Inventory, net of allowances, customer advances and progress billings | (412) | (412) | (412) | 86 | 147 | ||||
| Inventory | (412) | (412) | (412) | 86 | 147 | ||||
| Prepaid expense | 76 | ||||||||
| Asset, held-in-trust | 2 | ✕ | |||||||
| Other undisclosed current assets | 12 | 425 | 427 | 424 | 20 | (387) | |||
| Total current assets: | 59 | 285 | 408 | 134 | 393 | 621 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 537 | 1,526 | 1,840 | 3,776 | 5,113 | 7,184 | |||
| Deposits noncurrent assets | 19 | 10 | 28 | 1,484 | 1,484 | 1,484 | |||
| Other undisclosed noncurrent assets | 180 | ||||||||
| Total noncurrent assets: | 736 | 1,536 | 1,867 | 5,260 | 6,596 | 8,668 | |||
| TOTAL ASSETS: | 796 | 1,821 | 2,276 | 5,394 | 6,989 | 9,289 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,735 | 4,486 | 4,347 | 3,921 | 3,812 | 2,362 | |||
| Accounts payable | 1,847 | 1,879 | 2,036 | 1,859 | 1,883 | 1,511 | |||
| Accrued liabilities | 2,888 | 2,608 | 2,311 | 2,062 | 1,928 | 852 | |||
| Debt | 9,947 | 21 | 227 | 263 | 336 | 24 | |||
| Deferred revenue and credits | ✕ | ✕ | 66 | 49 | |||||
| Other undisclosed current liabilities | 7,304 | 2,197 | 1,544 | 68 | 110 | ||||
| Total current liabilities: | 14,682 | 11,812 | 6,838 | 5,777 | 4,216 | 2,495 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 130 | 1,972 | 5,291 | 4,494 | 3,799 | 2,532 | |||
| Long-term debt, excluding current maturities | 130 | 1,972 | 5,291 | 4,494 | |||||
| Other undisclosed long-term debt and lease obligation | 3,799 | 2,532 | |||||||
| Liabilities, other than long-term debt | 68 | 66 | 64 | 41 | 346 | 30 | |||
| Accounts payable and accrued liabilities | 315 | ||||||||
| Asset retirement obligations | 68 | 66 | 64 | 41 | 31 | 30 | |||
| Other undisclosed noncurrent liabilities | 633 | 116 | 595 | 383 | |||||
| Total noncurrent liabilities: | 831 | 2,154 | 5,950 | 4,535 | 4,145 | 2,946 | |||
| Other undisclosed liabilities | 12 | ||||||||
| Total liabilities: | 15,512 | 13,966 | 12,800 | 10,312 | 8,361 | 5,441 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (14,717) | (12,145) | (10,524) | (4,918) | (1,372) | 3,848 | |||
| Common stock | 125 | 125 | 125 | 125 | 110 | 91 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (8) | ||||||||
| Additional paid in capital | 67,200 | 67,177 | 67,114 | 66,969 | 66,372 | 57,882 | |||
| Accumulated other comprehensive income (loss) | 155 | (28) | 194 | 232 | 58 | ||||
| Accumulated deficit | (82,196) | (79,418) | (77,944) | (72,244) | (67,920) | (61,118) | |||
| Other undisclosed equity, attributable to parent | (12) | 16 | 6,994 | ||||||
| Total equity: | (14,717) | (12,145) | (10,524) | (4,918) | (1,372) | 3,848 | |||
| TOTAL LIABILITIES AND EQUITY: | 796 | 1,821 | 2,276 | 5,394 | 6,989 | 9,289 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 22 | 17 | 118 | 1,293 | ||||
| Cost of revenue | (8) | (6) | (98) | (752) | ||||
| Cost of product and service sold | (127) | (846) | ||||||
| Other cost of operating revenue | (8) | (6) | (5) | |||||
| Other undisclosed gross profit | (59) | (599) | ||||||
| Gross profit: | 14 | 10 | (39) | (58) | ||||
| Operating expenses | (991) | (1,562) | (1,843) | (3,323) | (6,234) | (11,035) | ||
| Operating loss: | (991) | (1,562) | (1,830) | (3,312) | (6,272) | (11,093) | ||
| Nonoperating income (expense) | 1,787 | (88) | (3,870) | (1,211) | (4) | (96) | ||
| Gain, foreign currency transaction, before tax | 2 | |||||||
| Other nonoperating income (expense) | 10 | (781) | (1) | (0) | (6) | 24 | ||
| Interest and debt expense | (1,014) | (929) | (742) | (576) | (380) | (120) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 102 | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (218) | (2,578) | (6,442) | (5,100) | (6,657) | (11,207) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (2,560) | 1,104 | 742 | 576 | (481) | |||
| Loss from continuing operations: | (2,777) | (1,474) | (5,700) | (4,524) | (7,138) | (11,207) | ||
| Loss before gain (loss) on sale of properties: | (2,777) | (1,474) | (5,700) | (4,324) | (7,129) | (10,809) | ||
| Income from discontinued operations | 199 | 9 | 398 | |||||
| Net loss: | (2,777) | (1,474) | (5,700) | (4,324) | (7,129) | (10,809) | ||
| Other undisclosed net income (loss) attributable to parent | 328 | (2,425) | ||||||
| Net loss attributable to parent: | (2,777) | (1,474) | (5,700) | (4,324) | (6,802) | (13,234) | ||
| Other undisclosed net loss available to common stockholders, basic | (1,713) | |||||||
| Net loss available to common stockholders, basic: | (2,777) | (1,474) | (5,700) | (4,324) | (8,515) | (13,234) | ||
| Convertible preferred dividends | (1,713) | |||||||
| Net loss available to common stockholders, diluted: | (2,777) | (1,474) | (5,700) | (4,324) | (10,228) | (13,234) | ||
Comprehensive Income ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (2,777) | (1,474) | (5,700) | (4,324) | (7,129) | (10,809) | ||
| Other comprehensive income | 58 | |||||||
| Comprehensive loss: | (2,777) | (1,474) | (5,700) | (4,324) | (7,071) | (10,809) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 183 | (222) | 38 | 174 | 328 | |||
| Comprehensive loss, net of tax, attributable to parent: | (2,594) | (1,696) | (5,662) | (4,150) | (6,744) | (10,809) | ||
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.