BLUE BIOFUELS, INC. (BIOF) financial statements (2022 and earlier)

Company profile

Business Address 3710 BUCKEYE ST
PALM BEACH GARDENS, FL 33401
State of Incorp. NV
Fiscal Year End December 31
SIC 286 - Industrial Organic Chemicals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,165287555062206
Cash and cash equivalents1,165287555062206
Prepaid expense4545429681744471
Deferred costs    54 
Disposal group, including discontinued operation     11
Total current assets:1,210332484730860688
Noncurrent Assets
Operating lease, right-of-use asset66145
Property, plant and equipment378247177255311140
Intangible assets, net (including goodwill)155138    
Intangible assets, net (excluding goodwill)155138    
Deferred costs    202 
Other undisclosed noncurrent assets30303,7517,7797,1417,364
Total noncurrent assets:6295613,9288,0347,6547,505
Other undisclosed assets  177255311140
TOTAL ASSETS:1,8388934,5909,0198,8258,333
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:60190483342387182
Accounts payable1191    
Interest and dividends payable49991936995
Other undisclosed accounts payable and accrued liabilities  291273378177
Debt50756451851,264 
Derivative instruments and hedges, liabilities  235914  
Due to related parties3137532,0732,0732,0312,031
Disposal group, including discontinued operation  363636734
Other undisclosed current liabilities7280 12716478
Total current liabilities:4961,0983,4733,6773,8833,025
Noncurrent Liabilities
Long-term debt and lease obligation217339    
Long-term debt, excluding current maturities217267    
Operating lease, liability 72
Liabilities, other than long-term debt2,5222,522    
Due to related parties2,5222,522    
Other undisclosed noncurrent liabilities 270  1,2501,250
Total noncurrent liabilities:2,7383,131  1,2501,250
Other undisclosed liabilities  337   
Total liabilities:3,2344,2293,8103,6775,1334,275
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,396)(3,337)7805,3424,1444,196
Common stock27424298724140
Common stock, share subscribed but unissued, subscriptions receivable   (75)(5)(10)
Common stock, value, subscriptions     10
Additional paid in capital47,15143,10436,76831,16821,16116,374
Accumulated deficit(48,821)(6,682)(36,085)(25,823)(17,053)(12,208)
Other undisclosed stockholders' equity attributable to parent (40,000)   (10)
Stockholders' equity attributable to noncontrolling interest    (452)(139)
Total stockholders' equity:(1,396)(3,337)7805,3423,6924,058
TOTAL LIABILITIES AND EQUITY:1,8388934,5909,0198,8258,333

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

12/31/2021
12/31/2020
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues
(Revenue, Net)
  134   
Gross profit:  134   
Operating expenses(2,172)(1,991)(5,048)(4,300)(5,331)(7,677)
Operating loss:(2,172)(1,991)(4,914)(4,300)(5,331)(7,677)
Nonoperating income (expense)33(190)(4,659)(6,751) (219)
Investment income, nonoperating   (1,164)  
Other nonoperating expense  (5,346)(5,178) (219)
Interest and debt expense(7)(12)(676)529(186)11
Loss from continuing operations before equity method investments, income taxes:(2,146)(2,193)(10,248)(10,522)(5,517)(7,885)
Income from equity method investments     208
Loss from continuing operations before income taxes:(2,146)(2,193)(10,248)(10,522)(5,517)(7,677)
Income tax benefit  4,1053,5081,9383,920
Other undisclosed income from continuing operations712    
Loss from continuing operations:(2,139)(2,181)(6,143)(7,014)(3,579)(3,758)
Income (loss) from discontinued operations  (2)1,160 (1,903)
Loss before gain (loss) on sale of properties:(2,139)(2,181)(6,146)(5,854)(3,579)(5,660)
Other undisclosed net loss  (4,117)(2,916)(1,266)(4,277)
Net loss:(2,139)(2,181)(10,262)(8,770)(4,844)(9,938)
Net income (loss) attributable to noncontrolling interest   (452)314(139)
Other undisclosed net income (loss) attributable to parent   905(627)277
Net loss available to common stockholders, diluted:(2,139)(2,181)(10,262)(8,317)(5,158)(9,799)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(2,139)(2,181)(10,262)(8,770)(4,844)(9,938)
Comprehensive loss:(2,139)(2,181)(10,262)(8,770)(4,844)(9,938)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (452)314(139)
Comprehensive loss, net of tax, attributable to parent:(2,139)(2,181)(10,262)(9,222)(4,531)(10,076)

Statements sources

The financial statements are based on the company's filings with the 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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