BLUE BIOFUELS, INC. (BIOF) Financial Statements (2023 and earlier)

Company Profile

Business Address 3710 BUCKEYE ST
PALM BEACH GARDENS, FL 33401
State of Incorp. NV
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) ($ in thousands)

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2121,165287555062
Cash and cash equivalents2121,165287555062
Prepaid expense434545429681744
Deferred costs      54
Total current assets:2551,210332484730860
Noncurrent Assets
Operating lease, right-of-use asset17866145
Property, plant and equipment420378247177255311
Intangible assets, net (including goodwill)222155138   
Intangible assets, net (excluding goodwill)222155138   
Deferred costs      202
Other undisclosed noncurrent assets3030303,7517,7797,141
Total noncurrent assets:8516295613,9288,0347,654
Other undisclosed assets    177255311
TOTAL ASSETS:1,1061,8388934,5909,0198,825
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:11360190483342387
Interest and dividends payable4999193699
Accounts payable 371191   
Accrued liabilities76     
Other undisclosed accounts payable and accrued liabilities    291273378
Debt5050756451851,264
Derivative instruments and hedges, liabilities    235914 
Disposal group, including discontinued operation    363636
Due to related parties 3803137532,0732,0732,031
Other undisclosed current liabilities957280 127164
Total current liabilities:6394961,0983,4733,6773,883
Noncurrent Liabilities
Long-term debt and lease obligation217217339   
Long-term debt, excluding current maturities217217267   
Liabilities, other than long-term debt2,6082,5222,522   
Due to related parties 2,5222,5222,522   
Operating lease, liability86 72
Other undisclosed noncurrent liabilities  270  1,250
Total noncurrent liabilities:2,8242,7383,131  1,250
Other undisclosed liabilities    337  
Total liabilities:3,4633,2344,2293,8103,6775,133
Equity
Equity, attributable to parent, including:(2,357)(1,396)(3,337)7805,3424,144
Common stock290274242987241
Common stock, share subscribed but unissued, subscriptions receivable     (75)(5)
Additional paid in capital50,13547,15143,10436,76831,16821,161
Accumulated deficit(52,782)(48,821)(6,682)(36,085)(25,823)(17,053)
Other undisclosed equity, attributable to parent   (40,000)   
Equity, attributable to noncontrolling interest      (452)
Other undisclosed equity      
Total equity:(2,357)(1,396)(3,337)7805,3423,692
TOTAL LIABILITIES AND EQUITY:1,1061,8388934,5909,0198,825

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2017
12/31/2016
12/31/2015
Revenues
(Revenue, Net)
    134  
Gross profit:    134  
Operating expenses(3,932)(2,172)(1,991)(5,048)(4,300)(5,331)
Operating loss:(3,932)(2,172)(1,991)(4,914)(4,300)(5,331)
Nonoperating income (expense)(28)33(190)(4,659)(6,751) 
Investment income, nonoperating     (1,164) 
Other nonoperating expense    (5,346)(5,178) 
Interest and debt expense(3)(7)(12)(676)529(186)
Loss from continuing operations before income taxes:(3,963)(2,146)(2,193)(10,248)(10,522)(5,517)
Income tax benefit    4,1053,5081,938
Other undisclosed income from continuing operations3712   
Loss from continuing operations:(3,960)(2,139)(2,181)(6,143)(7,014)(3,579)
Loss before gain (loss) on sale of properties:(2,139)(2,181)(6,146)(5,854)(3,579)
Income (loss) from discontinued operations    (2)1,160 
Other undisclosed net loss    (4,117)(2,916)(1,266)
Net loss:(3,960)(2,139)(2,181)(10,262)(8,770)(4,844)
Net income (loss) attributable to noncontrolling interest     (452)314
Other undisclosed net income (loss) attributable to parent     905(627)
Net loss available to common stockholders, diluted:(3,960)(2,139)(2,181)(10,262)(8,317)(5,158)

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2017
12/31/2016
12/31/2015
Net loss:(3,960)(2,139)(2,181)(10,262)(8,770)(4,844)
Comprehensive loss:(3,960)(2,139)(2,181)(10,262)(8,770)(4,844)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     (452)314
Comprehensive loss, net of tax, attributable to parent:(3,960)(2,139)(2,181)(10,262)(9,222)(4,531)

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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