Power REIT (MD) (PW) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
301 WINDING ROAD OLD BETHPAGE, NY 11804 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,848 | 3,171 | 5,602 | 15,843 | 1,771 | 1,147 | |||
| Cash and cash equivalents | 2,848 | 3,171 | 5,602 | 15,843 | 1,771 | 1,147 | |||
| Prepaid expense | 17 | 14 | |||||||
| Total current assets: | 2,848 | 3,171 | 5,602 | 15,843 | 1,788 | 1,161 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 54,403 | 66,325 | 20,726 | 8,548 | 6,788 | 6,788 | |||
| Long-term investments and receivables | 62 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 62 | ||||||||
| Intangible assets, net (including goodwill) | 2,732 | 3,761 | 3,352 | 3,589 | 3,827 | 4,064 | |||
| Intangible assets, net (excluding goodwill) | 2,732 | 3,761 | 3,352 | 3,589 | 3,827 | 4,064 | |||
| Other noncurrent assets | 343 | 297 | |||||||
| Total noncurrent assets: | 57,197 | 70,085 | 24,078 | 12,138 | 10,957 | 11,149 | |||
| Other undisclosed assets | 26,152 | 12,061 | 10,859 | 9,728 | 9,150 | 9,150 | |||
| TOTAL ASSETS: | 86,197 | 85,318 | 40,539 | 37,708 | 21,895 | 21,460 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 113 | 113 | |||||||
| Interest and dividends payable | ✕ | ✕ | 88 | 92 | |||||
| Accounts payable | 25 | 21 | |||||||
| Accrued liabilities | |||||||||
| Debt | 1,120 | 641 | 605 | 565 | 390 | 367 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 43 | ||
| Due to related parties | ✕ | 1 | 1 | ||||||
| Other undisclosed current liabilities | |||||||||
| Total current liabilities: | 1,120 | 641 | 605 | 565 | 504 | 523 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 37,218 | 22,556 | 23,193 | 23,797 | 9,167 | 9,527 | |||
| Long-term debt, excluding current maturities | 37,218 | 22,556 | 23,193 | 23,797 | 9,167 | 9,527 | |||
| Other undisclosed noncurrent liabilities | |||||||||
| Total noncurrent liabilities: | 37,218 | 22,556 | 23,193 | 23,797 | 9,167 | 9,527 | |||
| Other undisclosed liabilities | 3,609 | 3,810 | 1,531 | 283 | 33 | ||||
| Total liabilities: | 41,947 | 27,007 | 25,329 | 24,645 | 9,704 | 10,050 | |||
| Temporary equity, carrying amount | 8,653 | 8,490 | 3,492 | 3,492 | 3,492 | 3,492 | |||
| Equity | |||||||||
| Equity, attributable to parent | 35,597 | 49,821 | 11,718 | 9,571 | 8,699 | 7,917 | |||
| Common stock | 3 | 3 | 2 | 2 | 2 | 2 | |||
| Additional paid in capital | 46,369 | 45,687 | 12,077 | 11,821 | 11,616 | 11,393 | |||
| Retained earnings (accumulated deficit) | (10,776) | 4,131 | (361) | (2,253) | (2,919) | (3,478) | |||
| Total equity: | 35,597 | 49,821 | 11,718 | 9,571 | 8,699 | 7,917 | |||
| TOTAL LIABILITIES AND EQUITY: | 86,197 | 85,318 | 40,539 | 37,708 | 21,895 | 21,460 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 8,518 | 8,458 | 4,273 | 2,181 | 1,975 | 1,982 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | 1,050 | ✕ | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,050 | |
| Operating lease, lease income | 3,283 | ✕ | ✕ | |||||
| Cost of revenue | (3,625) | (2,033) | (1,336) | (588) | (500) | (512) | ||
| Gross profit: | 4,892 | 6,425 | 2,937 | 1,593 | 1,474 | 1,470 | ||
| Operating expenses | (19,146) | (1,281) | (765) | (646) | (636) | (752) | ||
| Operating income (loss): | (14,253) | 5,144 | 2,172 | 947 | 839 | 718 | ||
| Nonoperating income (Other Nonoperating income) | ||||||||
| Interest and debt expense | (1,758) | (1,140) | (1,167) | (527) | (478) | (490) | ||
| Income (loss) from continuing operations: | (16,011) | 4,005 | 1,005 | 419 | 361 | 229 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 4,005 | 1,005 | 419 | 361 | 229 | |
| Net income (loss): | (16,011) | 4,005 | 1,005 | 419 | 361 | 229 | ||
| Other undisclosed net income attributable to parent | 1,758 | 1,140 | 1,167 | 527 | 478 | 490 | ||
| Net income (loss) attributable to parent: | (14,253) | 5,144 | 2,172 | 947 | 839 | 718 | ||
| Preferred stock dividends and other adjustments | (653) | (653) | (280) | (280) | (280) | (280) | ||
| Net income (loss) available to common stockholders, basic: | (14,906) | 4,492 | 1,892 | 667 | 559 | 439 | ||
| Dilutive securities, effect on basic earnings per share | 87 | 62 | ||||||
| Other undisclosed net loss available to common stockholders, diluted | (87) | |||||||
| Net income (loss) available to common stockholders, diluted: | (14,906) | 4,492 | 1,954 | 667 | 559 | 439 | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (16,011) | 4,005 | 1,005 | 419 | 361 | 229 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (16,011) | 4,005 | 1,005 | 419 | 361 | 229 | ||
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.