Texas Gulf Energy Inc (TXGE) financial statements (2021 and earlier)
Company profile
| Business Address |
1601 OLD UNDERWOOD ROAD LA PORTE, TX 77571 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| SIC | 596 - Nonstore Retailers (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | 6/30/2013 Q2 | 3/31/2013 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 119 | 8 | 93 | 340 | 484 | 374 | 87 | ||
| Cash and cash equivalents | 119 | 8 | 93 | 340 | 484 | 374 | 87 | ||
| Receivables | 403 | 791 | 984 | 2,245 | 5,320 | 5,760 | 6,324 | ||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 398 | ||
| Income taxes receivable | ✕ | ✕ | ✕ | 304 | 126 | ||||
| Other undisclosed current assets | 145 | 114 | 550 | 644 | 790 | 539 | 130 | ||
| Total current assets: | 666 | 914 | 1,626 | 3,229 | 6,898 | 6,798 | 6,939 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 221 | 271 | 321 | 370 | 988 | 1,176 | 1,297 | ||
| Deferred tax assets, net | 45 | 45 | |||||||
| Other undisclosed noncurrent assets | 109 | 178 | 247 | 257 | 936 | 940 | 942 | ||
| Total noncurrent assets: | 330 | 449 | 614 | 673 | 1,924 | 2,116 | 2,239 | ||
| TOTAL ASSETS: | 997 | 1,363 | 2,240 | 3,901 | 8,822 | 8,915 | 9,178 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 475 | 648 | 824 | 1,224 | 1,979 | 1,892 | 1,948 | ||
| Accounts payable | 340 | 561 | 507 | 917 | 1,374 | 1,204 | 1,255 | ||
| Accrued liabilities | 135 | 87 | 159 | 172 | 605 | 688 | 673 | ||
| Taxes payable | 158 | 134 | 20 | ||||||
| Debt | 689 | 343 | 375 | 1,109 | 2,522 | 2,325 | 2,183 | ||
| Due to related parties | 26 | 26 | 26 | 26 | 37 | 23 | 9 | ||
| Total current liabilities: | 1,189 | 1,017 | 1,224 | 2,358 | 4,537 | 4,241 | 4,141 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 363 | 363 | 586 | 1,283 | 1,283 | 1,283 | |||
| Long-term debt, excluding current maturities | 363 | 363 | 586 | 1,283 | 1,283 | 1,283 | |||
| Liabilities, other than long-term debt | 29 | ||||||||
| Deferred tax liabilities, net | 29 | ||||||||
| Total noncurrent liabilities: | 363 | 363 | 586 | 1,283 | 1,283 | 1,312 | |||
| Total liabilities: | 1,189 | 1,379 | 1,587 | 2,944 | 5,820 | 5,524 | 5,453 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | (193) | (16) | 653 | 958 | 3,002 | 3,391 | 3,725 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Additional paid in capital | 1,615 | 1,614 | 1,473 | 1,205 | 3,959 | 3,594 | 3,408 | ||
| Retained earnings (accumulated deficit) | (1,809) | (1,631) | (820) | (248) | (958) | (204) | 316 | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Total stockholders' equity: | (193) | (16) | 653 | 958 | 3,002 | 3,391 | 3,725 | ||
| TOTAL LIABILITIES AND EQUITY: | 997 | 1,363 | 2,240 | 3,901 | 8,822 | 8,915 | 9,178 | ||
Income statement (P&L) ($ in thousands)
| 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | 6/30/2013 Q2 | 3/31/2013 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 925 | 1,238 | 976 | (10,748) | 6,191 | 6,764 | 7,296 | |
| Cost of revenue | (763) | (1,014) | (872) | 8,055 | (4,810) | (5,504) | (5,512) | |
| Gross profit: | 162 | 224 | 105 | (2,693) | 1,381 | 1,260 | 1,784 | |
| Operating expenses | (478) | (560) | (665) | (862) | (2,107) | (1,991) | (1,421) | |
| Other undisclosed operating income | 513 | |||||||
| Operating income (loss): | (315) | (336) | (560) | (3,041) | (726) | (731) | 363 | |
| Nonoperating income (expense) | (48) | (113) | (5) | 121 | (81) | (80) | 134 | |
| Other nonoperating income (expense) | (37) | (97) | 88 | (1) | 17 | 134 | ||
| Interest and debt expense | (11) | (15) | (5) | (255) | (80) | (97) | (85) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 11 | 15 | 5 | 255 | 80 | 97 | ||
| Income (loss) from continuing operations before income taxes: | (363) | (448) | (565) | (2,920) | (806) | (811) | 412 | |
| Income tax expense (benefit) | 186 | (362) | (8) | 969 | 53 | 290 | (138) | |
| Income (loss) from continuing operations: | (177) | (811) | (573) | (1,952) | (754) | (521) | 275 | |
| Other undisclosed income before gain (loss) on sale of properties | 1,264 | |||||||
| Net income (loss): | (177) | (811) | (573) | (688) | (754) | (521) | 275 | |
| Other undisclosed net income attributable to parent | 1,398 | |||||||
| Net income (loss) available to common stockholders, diluted: | (177) | (811) | (573) | 710 | (754) | (521) | 275 | |
Comprehensive Income ($ in thousands)
| 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | 6/30/2013 Q2 | 3/31/2013 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (177) | (811) | (573) | (688) | (754) | (521) | 275 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (177) | (811) | (573) | (688) | (754) | (521) | 275 | |
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.