Verde Clean Fuels Inc. (VGAS) Financial Statements (2024 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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28,779,177127,965505,518
Cash and cash equivalents28,779,177127,965505,518
Restricted cash and investments100,000  
Prepaid expense373,3246,667223,144
Total current assets:29,252,501134,632728,662
Noncurrent Assets
Operating lease, right-of-use asset524,813  
Property, plant and equipment62,505  
Intangible assets, net (including goodwill)1,925,151  
Intangible assets, net (excluding goodwill)1,925,151  
Deposits noncurrent assets160,669  
Asset, held-in-trust  177,790,585174,229,680
Deferred costs  511,760 
Total noncurrent assets:2,673,138178,302,345174,229,680
TOTAL ASSETS:31,925,639178,436,977174,958,342
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,161,1555,029,363241,579
Accounts payable184,343  
Accrued liabilities1,976,812319,809241,579
Other undisclosed accounts payable and accrued liabilities  4,709,554 
Debt   
Derivative instruments and hedges, liabilities  119,186 
Due to related parties1,950,000 
Other undisclosed current liabilities297,380319,809 
Total current liabilities:2,458,5357,418,358241,579
Noncurrent Liabilities
Liabilities, other than long-term debt232,1624,312,5006,037,500
Deferred compensation liability, classified  4,312,5006,037,500
Operating lease, liability232,162  
Other undisclosed noncurrent liabilities 409,612  
Total noncurrent liabilities:641,7744,312,5006,037,500
Total liabilities:3,100,30911,730,8586,279,079
Equity
Equity, attributable to parent, including:11,092,106(10,872,752)(5,545,737)
Common stock  36819
Additional paid in capital35,014,836  
Accumulated deficit(23,922,730)(10,873,202)(5,546,187)
Other undisclosed equity, attributable to parent  82431
Equity, attributable to noncontrolling interest17,730,035  
Other undisclosed equity3,189177,578,871174,225,000
Total equity:28,825,330166,706,119168,679,263
TOTAL LIABILITIES AND EQUITY:31,925,639178,436,977174,958,342

Income Statement (P&L) (USD)

3/31/2024
TTM
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))
447,0742,448,510(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 interest7,757,688  
Other undisclosed net loss attributable to parent   
Net loss attributable to parent:(2,743,588)(3,698,144)(474,585)
Other undisclosed net income available to common stockholders, basic   
Net loss available to common stockholders, diluted:(2,743,588)(3,698,144)(474,585)

Comprehensive Income (USD)

3/31/2024
TTM
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 interest7,757,688  
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.

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