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 investments11989334048437487
Cash and cash equivalents11989334048437487
Receivables4037919842,2455,3205,7606,324
Prepaid expense and other current assets398
Income taxes receivable 304126 
Other undisclosed current assets145114550644790539130
Total current assets:6669141,6263,2296,8986,7986,939
Noncurrent Assets
Property, plant and equipment2212713213709881,1761,297
Deferred tax assets, net  4545   
Other undisclosed noncurrent assets109178247257936940942
Total noncurrent assets:3304496146731,9242,1162,239
TOTAL ASSETS:9971,3632,2403,9018,8228,9159,178
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4756488241,2241,9791,8921,948
Accounts payable3405615079171,3741,2041,255
Accrued liabilities13587159172605688673
Taxes payable  158134  20
Debt6893433751,1092,5222,3252,183
Due to related parties2626262637239
Total current liabilities:1,1891,0171,2242,3584,5374,2414,141
Noncurrent Liabilities
Long-term debt and lease obligation 3633635861,2831,2831,283
Long-term debt, excluding current maturities 3633635861,2831,2831,283
Liabilities, other than long-term debt      29
Deferred tax liabilities, net      29
Total noncurrent liabilities: 3633635861,2831,2831,312
Total liabilities:1,1891,3791,5872,9445,8205,5245,453
Stockholders' equity
Stockholders' equity attributable to parent, including:(193)(16)6539583,0023,3913,725
Common stock1111111
Additional paid in capital1,6151,6141,4731,2053,9593,5943,408
Retained earnings (accumulated deficit)(1,809)(1,631)(820)(248)(958)(204)316
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:(193)(16)6539583,0023,3913,725
TOTAL LIABILITIES AND EQUITY:9971,3632,2403,9018,8228,9159,178

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
Revenues9251,238976(10,748)6,1916,7647,296
Cost of revenue(763)(1,014)(872)8,055(4,810)(5,504)(5,512)
Gross profit:162224105(2,693)1,3811,2601,784
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)17134
Interest and debt expense(11)(15)(5)(255)(80)(97)(85)
Other undisclosed income from continuing operations before equity method investments, income taxes111552558097 
Income (loss) from continuing operations before income taxes:(363)(448)(565)(2,920)(806)(811)412
Income tax expense (benefit)186(362)(8)96953290(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.

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