Summer Energy Holdings Inc (SUME) financial statements (2021 and earlier)

Company profile

Business Address 800 BERING DRIVE
HOUSTON, TX 77057
State of Incorp. NV
Fiscal Year End December 31
SIC 4911 - Electric Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4411211
Cash and cash equivalents4411211
Receivables54484342494135
Other undisclosed current assets6677786
Total current assets:64575149595043
Noncurrent Assets
Operating lease, right-of-use asset1111111
Property, plant and equipment0000000
Intangible assets, net (including goodwill)0011122
Intangible assets, net (excluding goodwill)0011122
Other undisclosed noncurrent assets0010000
Total noncurrent assets:1222233
TOTAL ASSETS:66595351615346
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5776556
Accounts payable1121111
Accrued liabilities4555444
Interest and dividends payable      0
Debt1010101012120
Due to related parties   2   
Other undisclosed current liabilities31221618291814
Total current liabilities:47393436463520
Noncurrent Liabilities
Long-term debt and lease obligation   10   
Long-term debt, excluding current maturities   10   
Other undisclosed noncurrent liabilities171715 5613
Total noncurrent liabilities:171715105613
Total liabilities:64564946514133
Stockholders' equity
Stockholders' equity attributable to parent245591313
Common stock0000000
Common stock, share subscribed but unissued, subscriptions receivable(0)(0)(0)(0)(0)(0)(0)
Additional paid in capital33323131303028
Accumulated deficit(31)(29)(27)(26)(21)(17)(15)
Total stockholders' equity:245591313
TOTAL LIABILITIES AND EQUITY:66595351615346

Income statement (P&L) ($ in millions)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Revenues58433936554035
Cost of revenue(54)(38)(33)(35)(52)(37)(29)
Gross profit:4562336
Operating expenses(5)(6)(6)(6)(6)(5)(5)
Operating income (loss):(1)(1)(0)(4)(3)(2)1
Nonoperating expense(1)(1)(1)(1)(0)(0)(0)
Investment income, nonoperating(57)(42)(38)(35)(54)(40)(34)
Interest and debt expense(1)(1)(1)(1)(0)(0)(0)
Loss from continuing operations before income taxes:(3)(3)(2)(6)(4)(3)(0)
Income tax expense (0)     
Other undisclosed loss from continuing operations   (0)   
Loss before gain (loss) on sale of properties:(3)(3)(2)(6)(4)(3)(0)
Other undisclosed net income  12   
Net loss:(3)(3)(1)(4)(4)(3)(0)
Other undisclosed net income (loss) attributable to parent11 (1)000
Net income (loss) available to common stockholders, diluted:(2)(2)(1)(5)(3)(2)0

Comprehensive Income ($ in millions)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Net loss:(3)(3)(1)(4)(4)(3)(0)
Comprehensive loss, net of tax, attributable to parent:(3)(3)(1)(4)(4)(3)(0)

Statements sources

The financial statements are based on the company's filings with the 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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