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 investments | 212 | 1,165 | 287 | 55 | 50 | 62 | |||
| Cash and cash equivalents | 212 | 1,165 | 287 | 55 | 50 | 62 | |||
| Prepaid expense | 43 | 45 | 45 | 429 | 681 | 744 | |||
| Deferred costs | 54 | ||||||||
| Total current assets: | 255 | 1,210 | 332 | 484 | 730 | 860 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 178 | 66 | 145 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 420 | 378 | 247 | 177 | 255 | 311 | |||
| Intangible assets, net (including goodwill) | 222 | 155 | 138 | ||||||
| Intangible assets, net (excluding goodwill) | 222 | 155 | 138 | ||||||
| Deferred costs | 202 | ||||||||
| Other undisclosed noncurrent assets | 30 | 30 | 30 | 3,751 | 7,779 | 7,141 | |||
| Total noncurrent assets: | 851 | 629 | 561 | 3,928 | 8,034 | 7,654 | |||
| Other undisclosed assets | 177 | 255 | 311 | ||||||
| TOTAL ASSETS: | 1,106 | 1,838 | 893 | 4,590 | 9,019 | 8,825 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 113 | 60 | 190 | 483 | 342 | 387 | |||
| Interest and dividends payable | ✕ | ✕ | 49 | 99 | 193 | 69 | 9 | ||
| Accounts payable | 37 | 11 | 91 | ||||||
| Accrued liabilities | 76 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 291 | 273 | 378 | ||||||
| Debt | 50 | 50 | 75 | 645 | 185 | 1,264 | |||
| Derivative instruments and hedges, liabilities | 235 | 914 | |||||||
| Disposal group, including discontinued operation | 36 | 36 | 36 | ||||||
| Due to related parties | 380 | 313 | 753 | 2,073 | 2,073 | 2,031 | |||
| Other undisclosed current liabilities | 95 | 72 | 80 | 127 | 164 | ||||
| Total current liabilities: | 639 | 496 | 1,098 | 3,473 | 3,677 | 3,883 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 217 | 217 | 339 | ||||||
| Long-term debt, excluding current maturities | 217 | 217 | 267 | ||||||
| Liabilities, other than long-term debt | 2,608 | 2,522 | 2,522 | ||||||
| Due to related parties | 2,522 | 2,522 | 2,522 | ||||||
| Operating lease, liability | 86 | 72 | ✕ | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 270 | 1,250 | |||||||
| Total noncurrent liabilities: | 2,824 | 2,738 | 3,131 | 1,250 | |||||
| Other undisclosed liabilities | 337 | ||||||||
| Total liabilities: | 3,463 | 3,234 | 4,229 | 3,810 | 3,677 | 5,133 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (2,357) | (1,396) | (3,337) | 780 | 5,342 | 4,144 | |||
| Common stock | 290 | 274 | 242 | 98 | 72 | 41 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (75) | (5) | |||||||
| Additional paid in capital | 50,135 | 47,151 | 43,104 | 36,768 | 31,168 | 21,161 | |||
| 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) | 780 | 5,342 | 3,692 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,106 | 1,838 | 893 | 4,590 | 9,019 | 8,825 | |||
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 | 4,105 | 3,508 | 1,938 | |||||
| Other undisclosed income from continuing operations | 3 | 7 | 12 | |||||
| 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.