Summer Energy Holdings Inc (SUME) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
800 BERING DRIVE HOUSTON, TX 77057 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4911 - Electric Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2020 MRQ | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 814 | 452 | 314 | 1,523 | 382 | 565 | |||
| Cash and cash equivalents | 814 | 452 | 314 | 1,523 | 382 | 565 | |||
| Receivables | 41,848 | 34,271 | 27,131 | 15,656 | 12,737 | 13,038 | |||
| Other undisclosed current assets | 6,810 | 7,417 | 2,594 | 2,231 | 740 | (2,926) | |||
| Total current assets: | 49,473 | 42,140 | 30,038 | 19,409 | 13,860 | 10,677 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 979 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 58 | 82 | 156 | 239 | 373 | 473 | |||
| Intangible assets, net (including goodwill) | 984 | 2,166 | 3,347 | ||||||
| Intangible assets, net (excluding goodwill) | 984 | 2,166 | 3,347 | ||||||
| Deferred costs | 135 | ||||||||
| Other undisclosed noncurrent assets | 3 | 9 | 45 | 15 | |||||
| Total noncurrent assets: | 2,025 | 2,257 | 3,548 | 374 | 373 | 488 | |||
| TOTAL ASSETS: | 51,498 | 44,397 | 33,587 | 19,783 | 14,232 | 11,165 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 6,306 | 7,851 | 9,808 | 5,664 | 4,252 | 4,060 | |||
| Interest and dividends payable | 6 | ||||||||
| Accounts payable | 1,496 | 3,208 | 605 | 408 | 358 | 303 | |||
| Accrued liabilities | 4,810 | 4,637 | 9,203 | 5,257 | 3,895 | 3,757 | |||
| Debt | 10,222 | 250 | 2,540 | 3,000 | 1,010 | ||||
| Due to related parties | 1,850 | ||||||||
| Other undisclosed current liabilities | 17,821 | 16,098 | 9,712 | 5,637 | 4,842 | 6,469 | |||
| Total current liabilities: | 36,198 | 24,199 | 22,060 | 11,301 | 12,094 | 11,539 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 10,265 | 11,956 | 2,500 | ||||||
| Long-term debt, excluding current maturities | 10,265 | 11,956 | 2,500 | ||||||
| Total noncurrent liabilities: | 10,265 | 11,956 | 2,500 | ||||||
| Total liabilities: | 46,464 | 36,155 | 22,060 | 13,801 | 12,094 | 11,539 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 5,034 | 8,242 | 11,527 | 5,982 | 2,138 | (374) | |||
| Preferred stock | 2 | ||||||||
| Common stock | 32 | 27 | 25 | 22 | 16 | ||||
| Common stock, share subscribed but unissued, subscriptions receivable | (52) | (52) | (52) | (52) | (52) | ||||
| Additional paid in capital | 30,879 | 23,358 | 18,891 | 14,616 | 9,492 | 8,135 | |||
| Accumulated deficit | (25,824) | (15,091) | (7,337) | (8,604) | (7,320) | (8,474) | |||
| Other undisclosed equity, attributable to parent | (35) | ||||||||
| Total equity: | 5,034 | 8,242 | 11,527 | 5,982 | 2,138 | (374) | |||
| TOTAL LIABILITIES AND EQUITY: | 51,498 | 44,397 | 33,587 | 19,783 | 14,232 | 11,165 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 166,316 | 151,903 | 117,683 | 90,180 | 81,048 | 49,832 | ||
| Cost of revenue | (152,684) | (138,328) | (99,899) | (76,716) | (65,757) | (89,579) | ||
| Cost of goods and services sold | (99,899) | (76,716) | (65,757) | (88,035) | ||||
| Other undisclosed gross profit | 45,562 | |||||||
| Gross profit: | 13,632 | 13,575 | 17,784 | 13,464 | 15,290 | 5,815 | ||
| Operating expenses | (22,441) | (19,914) | (15,195) | (13,427) | (12,138) | (9,817) | ||
| Other undisclosed operating income | 1,923 | |||||||
| Operating income (loss): | (8,809) | (6,338) | 2,590 | 37 | 3,153 | (2,080) | ||
| Nonoperating expense | (1,849) | (1,320) | (1,149) | (1,126) | (1,639) | (1,760) | ||
| Investment income, nonoperating | (162,387) | (148,583) | 0 | 0 | ||||
| Interest and debt expense | (1,843) | (1,272) | (684) | (548) | (609) | (216) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (12,501) | (8,930) | 756 | (1,637) | 905 | (4,056) | ||
| Other undisclosed income from continuing operations before income taxes | 216 | |||||||
| Income (loss) from continuing operations before income taxes: | (12,501) | (8,930) | 756 | (1,637) | 905 | (3,840) | ||
| Income tax expense | (75) | (96) | (174) | (85) | (132) | |||
| Income (loss) from continuing operations: | (12,576) | (9,026) | 582 | (1,722) | 773 | (3,840) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (12,576) | (9,026) | 582 | (1,722) | 773 | (3,840) | |
| Other undisclosed net income | 1,843 | 1,272 | 684 | 548 | ||||
| Net income (loss): | (10,733) | (7,754) | 1,267 | (1,174) | 773 | (3,840) | ||
| Other undisclosed net income attributable to parent | 609 | |||||||
| Net income (loss) attributable to parent: | (10,733) | (7,754) | 1,267 | (1,174) | 1,382 | (3,840) | ||
| Preferred stock dividends and other adjustments | (110) | (228) | (219) | |||||
| Net income (loss) available to common stockholders, diluted: | (10,733) | (7,754) | 1,267 | (1,284) | 1,154 | (4,059) | ||
Comprehensive Income ($ in thousands)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (10,733) | (7,754) | 1,267 | (1,174) | 773 | (3,840) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (10,733) | (7,754) | 1,267 | (1,174) | 773 | (3,840) | ||
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.