Sustainable Projects Group Inc. (SPGX) Financial Statements (2025 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)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 5/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 848 | 9 | 56 | 1 | 69 | 28 | |||
| Cash and cash equivalent | 848 | 9 | 56 | 1 | 69 | 1 | |||
| Short-term investments | 27 | ||||||||
| Receivables | 132 | 6 | |||||||
| Inventory, net of allowances, customer advances and progress billings | 4 | 57 | 65 | 62 | |||||
| Inventory | 4 | 57 | 65 | 62 | |||||
| Prepaid expense | 398 | 9 | 8 | 5 | |||||
| Other undisclosed current assets | 37 | 4 | 5 | 1,053 | |||||
| Total current assets: | 1,246 | 50 | 117 | 75 | 276 | 1,093 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,688 | 73 | ✕ | ||||||
| Property, plant and equipment | 103 | 1 | 2 | 5 | 8 | 2 | |||
| Long-term investments and receivables | 200 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 200 | ||||||||
| Intangible assets, net (including goodwill) | 33 | 232 | 248 | 275 | 816 | 400 | |||
| Goodwill | 157 | 157 | 157 | ||||||
| Intangible assets, net (excluding goodwill) | 33 | 75 | 92 | 119 | 816 | 400 | |||
| Other undisclosed noncurrent assets | 3 | 3,474 | |||||||
| Total noncurrent assets: | 1,824 | 232 | 251 | 280 | 899 | 4,076 | |||
| TOTAL ASSETS: | 3,070 | 282 | 368 | 355 | 1,175 | 5,169 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 450 | 280 | 174 | 138 | 122 | 69 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 4 | 2 | ||||
| Accounts payable | 383 | 165 | 162 | ||||||
| Accrued liabilities | 149 | 115 | 12 | 31 | 26 | 69 | |||
| Other undisclosed accounts payable and accrued liabilities | (82) | 103 | 95 | ||||||
| Debt | 19 | 20 | 56 | ||||||
| Due to related parties | ✕ | ✕ | 288 | 99 | 36 | 19 | 19 | ||
| Other undisclosed current liabilities | 982 | 39 | 56 | 42 | |||||
| Total current liabilities: | 1,451 | 568 | 332 | 230 | 239 | 88 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 57 | 100 | 20 | 34 | |||||
| Long-term debt, excluding current maturities | 57 | 100 | 20 | 20 | |||||
| Liabilities, other than long-term debt | 1,560 | 50 | 50 | ||||||
| Due to related parties | ✕ | ✕ | 50 | 50 | |||||
| Operating lease, liability | 1,560 | 14 | ✕ | ||||||
| Total noncurrent liabilities: | 1,560 | 57 | 100 | 70 | 84 | ||||
| Other undisclosed liabilities | (0) | 29 | |||||||
| Total liabilities: | 3,011 | 625 | 432 | 300 | 324 | 117 | |||
| Equity | |||||||||
| Equity, attributable to parent | 59 | (342) | (152) | (19) | 116 | 5,052 | |||
| Common stock | 30 | 29 | 1 | 1 | 1 | 1 | |||
| Additional paid in capital | 3,438 | 17,008 | 3,091 | 3,081 | 2,747 | 6,798 | |||
| Accumulated other comprehensive loss | (49) | (3) | |||||||
| Accumulated deficit | (3,360) | (17,376) | (3,244) | (3,101) | (2,632) | (1,746) | |||
| Equity, attributable to noncontrolling interest | 67 | 736 | |||||||
| Other undisclosed equity | 21 | 74 | |||||||
| Total equity: | 59 | (342) | (64) | 55 | 852 | 5,052 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,070 | 282 | 368 | 355 | 1,175 | 5,169 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 5/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5 | 5 | 106 | 65 | ||||
| Sublease income | ✕ | |||||||
| Cost of revenue (Cost of Product and Service Sold) | (7) | (4) | ||||||
| Other undisclosed gross profit | (1) | |||||||
| Gross profit: | (1) | (0) | 106 | 65 | ||||
| Operating expenses | (2,998) | (361) | (143) | (1,184) | (1,177) | |||
| Other undisclosed operating loss | (6) | |||||||
| Operating loss: | (2,998) | (361) | (150) | (0) | (1,078) | (1,112) | ||
| Nonoperating income (Other Nonoperating income) | 6 | |||||||
| Interest and debt expense | (1) | (2) | (6) | (2) | (2) | (3) | ||
| 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: | (2,999) | (363) | (157) | (3) | (1,076) | (1,416) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 149 | (266) | ||||||
| Loss from continuing operations before income taxes: | (2,999) | (363) | (7) | (269) | (1,076) | (1,416) | ||
| Income tax expense (benefit) | 2 | (116) | ||||||
| Other undisclosed income (loss) from continuing operations | (693) | (145) | 379 | |||||
| Loss from continuing operations: | (2,999) | (1,056) | (150) | (6) | (1,076) | (1,416) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (150) | (48) | (1,076) | (1,416) | |
| Loss from discontinued operations | (57) | (42) | ||||||
| Other undisclosed net income (loss) | 50 | |||||||
| Net loss: | (2,999) | (1,063) | (150) | (48) | (1,076) | (1,416) | ||
| Net income (loss) attributable to noncontrolling interest | (7) | 48 | 552 | |||||
| Other undisclosed net income (loss) attributable to parent | 251 | 864 | 93 | (221) | ||||
| Net loss attributable to parent: | (2,748) | (200) | (65) | (221) | (524) | (1,416) | ||
| Other undisclosed net loss available to common stockholders, basic | (44) | (841) | (78) | |||||
| Net loss available to common stockholders, diluted: | (2,792) | (1,040) | (143) | (221) | (524) | (1,416) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 5/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (2,999) | (1,063) | (150) | (48) | (1,076) | (1,416) | ||
| Comprehensive loss: | (2,999) | (1,063) | (150) | (48) | (1,076) | (1,416) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (7) | 48 | 552 | |||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 1,061 | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (2,999) | (3) | (158) | (524) | (1,416) | |||
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.