Sustainable Projects Group Inc. (SPGX) Financial Statements (2024 and earlier)

Company Profile

Business Address 2316 PINE RIDGE ROAD, 383
NAPLES, FL 34109
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
5/31/2018
5/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments95616928 
Cash and cash equivalents9561691 
Short-term investments     27 
Receivables    1326 
Inventory, net of allowances, customer advances and progress billings 4576562  
Inventory 4576562  
Prepaid expense  9857
Other undisclosed current assets 374 51,053161
Total current assets:50117752761,093168
Noncurrent Assets
Operating lease, right-of-use asset   73
Property, plant and equipment12582 
Long-term investments and receivables     200 
Accounts and financing receivable, after allowance for credit loss     200 
Intangible assets, net (including goodwill)232248275816400 
Goodwill 157157157   
Intangible assets, net (excluding goodwill)7592119816400 
Other undisclosed noncurrent assets    33,4743,750
Total noncurrent assets:2322512808994,0763,750
TOTAL ASSETS:2823683551,1755,1693,918
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2801741381226938
Interest and dividends payable 42 49
Accounts payable165162    
Accrued liabilities1151231266938
Other undisclosed accounts payable and accrued liabilities   10395 (49)
Deferred revenue    
Debt 20 56 254
Deferred revenue and credits 30
Due to related parties288993619191
Other undisclosed current liabilities 395642  
Total current liabilities:56833223023988323
Noncurrent Liabilities
Long-term debt and lease obligation 571002034  
Long-term debt, excluding current maturities 571002020  
Liabilities, other than long-term debt  5050  
Due to related parties  5050  
Operating lease, liability   14
Total noncurrent liabilities:571007084  
Other undisclosed liabilities  (0)  2959
Total liabilities:625432300324117382
Equity
Equity, attributable to parent(342)(152)(19)1165,0523,536
Common stock2911111
Common stock, share subscribed but unissued, subscriptions receivable      60
Additional paid in capital17,0083,0913,0812,7476,7983,806
Accumulated other comprehensive income (loss)(3)     
Accumulated deficit(17,376)(3,244)(3,101)(2,632)(1,746)(330)
Equity, attributable to noncontrolling interest  67 736  
Other undisclosed equity 2174   
Total equity:(342)(64)558525,0523,536
TOTAL LIABILITIES AND EQUITY:2823683551,1755,1693,918

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
5/31/2018
5/31/2017
Revenues 55106655
Cost of revenue
(Cost of Goods and Services Sold)
  (7)(4)   
Other undisclosed gross profit   (1)   
Gross profit: (1)(0)106655
Operating expenses(361)(143) (1,184)(1,177)(92)
Other undisclosed operating loss (6)    
Operating loss:(361)(150)(0)(1,078)(1,112)(87)
Nonoperating income
(Other Nonoperating income)
     6 
Interest and debt expense(2)(6)(2)(2)(3)(14)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    5(307) 
Loss from continuing operations before equity method investments, income taxes:(363)(157)(3)(1,076)(1,416)(101)
Other undisclosed income (loss) from continuing operations before income taxes  149(266)   
Loss from continuing operations before income taxes:(363)(7)(269)(1,076)(1,416)(101)
Income tax expense (benefit)  2(116)   
Other undisclosed income (loss) from continuing operations(693)(145)379   
Loss from continuing operations:(1,056)(150)(6)(1,076)(1,416)(101)
Loss before gain (loss) on sale of properties:(150)(48)(1,076)(1,416)(101)
Loss from discontinued operations (57) (42)   
Other undisclosed net income50     
Net loss:(1,063)(150)(48)(1,076)(1,416)(101)
Net income (loss) attributable to noncontrolling interest  (7)48552  
Other undisclosed net income (loss) attributable to parent86493(221)   
Net loss attributable to parent:(200)(65)(221)(524)(1,416)(101)
Other undisclosed net loss available to common stockholders, basic(841)(78)    
Net loss available to common stockholders, diluted:(1,040)(143)(221)(524)(1,416)(101)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
5/31/2018
5/31/2017
Net loss:(1,063)(150)(48)(1,076)(1,416)(101)
Comprehensive loss:(1,063)(150)(48)(1,076)(1,416)(101)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (7)48552  
Other undisclosed comprehensive income, net of tax, attributable to parent1,061     
Comprehensive loss, net of tax, attributable to parent:(3)(158) (524)(1,416)(101)

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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