Verde Clean Fuels, Inc. (VGASW) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
711 LOUISIANA STREET HOUSTON, TX 77002 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 286 - Industrial Organic Chemicals (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 28,779,177 | 127,965 | 505,518 | |||
| Cash and cash equivalent | 28,779,177 | 127,965 | 505,518 | |||
| Restricted cash and investments | 100,000 | |||||
| Prepaid expense | 373,324 | 6,667 | 223,144 | |||
| Other current assets | ||||||
| Other undisclosed current assets | ||||||
| Total current assets: | 29,252,501 | 134,632 | 728,662 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 524,813 | |||||
| Property, plant and equipment | 62,505 | |||||
| Intangible assets, net (including goodwill) | 1,925,151 | |||||
| Intangible assets, net (excluding goodwill) | 1,925,151 | |||||
| Deposits noncurrent assets | 160,669 | |||||
| Asset, held-in-trust | 177,790,585 | 174,229,680 | ||||
| Deferred costs | 511,760 | |||||
| Total noncurrent assets: | 2,673,138 | 178,302,345 | 174,229,680 | |||
| TOTAL ASSETS: | 31,925,639 | 178,436,977 | 174,958,342 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 2,161,155 | 5,029,363 | 241,579 | |||
| Accounts payable | 184,343 | |||||
| Accrued liabilities | 1,976,812 | 319,809 | 241,579 | |||
| Other undisclosed accounts payable and accrued liabilities | 4,709,554 | |||||
| Derivative instruments and hedges, liabilities | 119,186 | |||||
| Other liabilities | ||||||
| Due to related parties | ✕ | ✕ | 1,950,000 | |||
| Other undisclosed current liabilities | 297,380 | 319,809 | ||||
| Total current liabilities: | 2,458,535 | 7,418,358 | 241,579 | |||
| Noncurrent Liabilities | ||||||
| Liabilities, other than long-term debt | 232,162 | 4,312,500 | 6,037,500 | |||
| Deferred compensation liability, classified | 4,312,500 | 6,037,500 | ||||
| Operating lease, liability | 232,162 | |||||
| Other undisclosed noncurrent liabilities | 409,612 | |||||
| Total noncurrent liabilities: | 641,774 | 4,312,500 | 6,037,500 | |||
| Total liabilities: | 3,100,309 | 11,730,858 | 6,279,079 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 11,092,106 | (10,872,752) | (5,545,737) | |||
| Common stock | 368 | 19 | ||||
| Additional paid in capital | 35,014,836 | |||||
| Accumulated deficit | (23,922,730) | (10,873,202) | (5,546,187) | |||
| Other undisclosed equity, attributable to parent | 82 | 431 | ||||
| Equity, attributable to noncontrolling interest | 17,730,035 | |||||
| Other undisclosed equity | 3,189 | 177,578,871 | 174,225,000 | |||
| Total equity: | 28,825,330 | 166,706,119 | 168,679,263 | |||
| TOTAL LIABILITIES AND EQUITY: | 31,925,639 | 178,436,977 | 174,958,342 | |||
Income Statement (P&L) (USD)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Operating expenses | (11,844,386) | (5,715,022) | (456,765) | ||
| Other undisclosed operating income | 1,299,000 | ||||
| Operating loss: | (10,545,386) | (5,715,022) | (456,765) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 447,074 | 2,448,510 | (17,820) | ||
| Interest and debt expense | (236,699) | (7,363) | |||
| Loss from continuing operations before equity method investments, income taxes: | (10,335,011) | (3,273,875) | (474,585) | ||
| Other undisclosed income from continuing operations before income taxes | 7,363 | ||||
| Loss from continuing operations before income taxes: | (10,335,011) | (3,266,512) | (474,585) | ||
| Income tax expense (benefit) | (166,265) | (431,632) | 94,557 | ||
| Loss from continuing operations: | (10,501,276) | (3,698,144) | (380,028) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (380,028) | |
| Other undisclosed net loss | (94,557) | ||||
| Net loss: | (10,501,276) | (3,698,144) | (474,585) | ||
| Net income attributable to noncontrolling interest | 7,757,688 | ||||
| Net loss available to common stockholders, diluted: | (2,743,588) | (3,698,144) | (474,585) | ||
Comprehensive Income (USD)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net loss: | (10,501,276) | (3,698,144) | (474,585) | ||
| Comprehensive loss: | (10,501,276) | (3,698,144) | (474,585) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 7,757,688 | ||||
| Comprehensive loss, net of tax, attributable to parent: | (2,743,588) | (3,698,144) | (474,585) | ||
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.