USA Synthetic Fuel Corp (USFC) Financial Statements (2024 and earlier)

Company Profile

Business Address 312 WALNUT STREET, SUITE 1600
CINCINNATI, OH 45202
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4924 - Natural Gas Distribution (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments695564,59193,779678,4171,168,272 
Cash and cash equivalents695564,59193,779678,4171,168,272 
Receivables     4,000 
Prepaid expense84,13319,96799,565115,721 
Prepaid expense and other current assets109,589 
Other undisclosed current assets    698,2511,446,197 
Total current assets:84,828584,558193,3441,492,3892,728,058 
Noncurrent Assets
Property, plant and equipment4,694,2384,694,8314,656,4354,289,5333,133,526 
Other noncurrent assets27,568,86327,570,10428,600,13728,958,739 
Prepaid expense and other noncurrent assets29,318,687 
Total noncurrent assets:32,263,10132,264,93533,256,57233,248,27232,452,213 
TOTAL ASSETS:32,347,92932,849,49333,449,91634,740,66135,180,271 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,104,4006,298,4022,460,8202,511,4842,165,224 
Taxes payable   32,17125,985  
Employee-related liabilities1,723,6741,407,5451,398,0681,398,0681,398,068 
Accounts payable1,881,369905,086374,751643,118463,943 
Accrued liabilities4,499,3573,985,771655,830444,313303,213 
Debt1,200,0001,200,000    
Due to related parties278,191154,257154,257154,257154,257 
Other undisclosed current liabilities200,000200,000100,000100,000100,000 
Total current liabilities:9,782,5917,852,6592,715,0772,765,7412,419,481 
Noncurrent Liabilities
Long-term debt and lease obligation 30,541,35830,131,23129,687,29929,673,75628,231,365 
Long-term debt, excluding current maturities 30,541,35830,131,23129,687,29929,673,75628,231,365 
Liabilities, other than long-term debt10,835,00015,677,0008,020,00010,725,0003,698,000 
Derivative instruments and hedges, liabilities10,835,00015,677,0008,020,00010,725,0003,698,000 
Other undisclosed noncurrent liabilities100,000100,000200,000200,000200,000 
Total noncurrent liabilities:41,476,35845,908,23137,907,29940,598,75632,129,365 
Total liabilities:51,258,94953,760,89040,622,37643,364,49734,548,846 
Equity
Equity, attributable to parent(18,911,021)(20,911,398)(7,172,461)(8,623,837)631,424 
Common stock8,1058,0788,0688,0678,067 
Additional paid in capital22,461,29321,918,92621,039,00220,047,00320,047,003 
Accumulated deficit(41,380,419)(42,838,402)(28,219,531)(28,678,907)(19,423,646) 
Equity, attributable to noncontrolling interest11111 
Total equity:(18,911,020)(20,911,397)(7,172,460)(8,623,836)631,425 
TOTAL LIABILITIES AND EQUITY:32,347,92932,849,49333,449,91634,740,66135,180,271 

Income Statement (P&L) (USD)

6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
Gross profit:   (70,000,000)   
Operating expenses(1,631,451)(4,007,359)(966,115)(957,508)(991,200) 
Other undisclosed operating income (loss)  (368,578)70,000,000 125,100 
Operating loss:(1,631,451)(4,375,937)(966,115)(957,508)(866,100) 
Nonoperating income (expense)3,089,434(10,242,934)1,425,491(8,297,753)(2,499,753) 
Interest and debt expense(1,752,665)(2,586,807)(1,280,643)(1,271,875)(1,263,105) 
Income (loss) from continuing operations before equity method investments, income taxes:(294,682)(17,205,678)(821,267)(10,527,136)(4,628,958) 
Other undisclosed income from continuing operations before income taxes1,752,6652,586,8071,280,6431,271,8751,263,105 
Income (loss) from continuing operations:1,457,983(14,618,871)459,376(9,255,261)(3,365,853) 
Income (loss) before gain (loss) on sale of properties:1,457,983(14,618,871)459,376(9,255,261)(3,365,853) 
Net income (loss) available to common stockholders, diluted:1,457,983(14,618,871)459,376(9,255,261)(3,365,853) 

Comprehensive Income (USD)

6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
Net income (loss):1,457,983(14,618,871)459,376(9,255,261)(3,365,853) 
Comprehensive income (loss), net of tax, attributable to parent:1,457,983(14,618,871)459,376(9,255,261)(3,365,853) 

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.

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