Petrogress, Inc (PGAS) financial statements (2023 and earlier)

Company profile

Business Address 1, AKTI XAVERIOU AVENUE
PIRAEUS, 18538
State of Incorp.
Fiscal Year End December 31
SIC 4412 - Deep Sea Foreign Transportation of Freight (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments182763916611,1513831
Cash and cash equivalents182763916611,1513620
Short-term investments     211
Receivables2,7962,1852,0684,8104,1822,428(70)
Inventory, net of allowances, customer advances and progress billings2719031,207417172  
Inventory2719031,207417172  
Prepaid expense 1,3182,914  395 
Other current assets    202  
Other undisclosed current assets7126286512,2821,16966371
Total current assets:3,7975,3097,2318,1706,8753,8691
Noncurrent Assets
Operating lease, right-of-use asset 669 
Property, plant and equipment3,2293,8304,2504,4515,2825,9191
Long-term investments and receivables855      
Long-term investments855      
Intangible assets, net (including goodwill)259259900900900  
Goodwill  900900900  
Intangible assets, net (excluding goodwill)259259     
Deposits noncurrent assets81311118  
Deferred costs 21627   
Other undisclosed noncurrent assets     9 
Total noncurrent assets:4,3504,7725,1765,3886,1905,9281
TOTAL ASSETS:8,14710,08112,40713,55913,0659,7972
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,3982,0011,4021,2651,30014848
Accounts payable 70439664113  
Employee-related liabilities 1,2708746063  
Other undisclosed accounts payable and accrued liabilities3,398661885411,12414848
Debt422497386  45 
Derivative instruments and hedges, liabilities  810  65 
Due to related parties5516951,2711,1771,244235520
Other undisclosed current liabilities32924158307 147
Total current liabilities:4,3753,2233,8932,6002,851493714
Noncurrent Liabilities
Long-term debt and lease obligation 721     
Operating lease, liability 721 
Other undisclosed noncurrent liabilities (721)     
Total noncurrent liabilities: 721     
Total liabilities:4,3753,9443,8932,6002,851493714
Stockholders' equity
Stockholders' equity attributable to parent, including:3,7716,1388,44410,85510,1159,303(712)
Preferred stock10      
Common stock36354431816722
Common stock, share subscribed but unissued, subscriptions receivable      1
Additional paid in capital10,85810,56210,0749,5358,7868,4241,444
Accumulated other comprehensive income (loss)(4)(16)(10)(10)(8)16(113)
Retained earnings (accumulated deficit)(7,129)(4,454)(1,635)1,3161,009697(2,065)
Other undisclosed stockholders' equity attributable to parent 10101010  
Stockholders' equity attributable to noncontrolling interest  7010499  
Total stockholders' equity:3,7716,1388,51410,95910,2149,303(712)
Other undisclosed liabilities and equity      0
TOTAL LIABILITIES AND EQUITY:8,14710,08112,40713,55913,0659,7972

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8,3938,62915,9619,0279,16318,075116
Cost of revenue(4,742)(5,084)(13,431)(5,069)(5,620)(12,497)(107)
Cost of goods and services sold(4,742)(5,084)(13,431)(5,069)(5,620)(12,497)(3)
Other undisclosed gross profit(390)     0
Gross profit:3,2613,5452,5303,9583,5435,5789
Operating expenses(5,273)(7,012)(4,184)(3,629)(3,269)(5,402)(306)
Other undisclosed operating loss      (0)
Operating income (loss):(2,012)(3,467)(1,654)329275176(298)
Nonoperating income (expense)(1,453)382(1,331)(5)19103(118)
Investment income, nonoperating0740(294)    
Other nonoperating income (expense)(1,422)(114)(654)1233103(118)
Interest and debt expense   (17)(15)(14)114
Income (loss) from continuing operations before income taxes:(3,465)(3,085)(2,985)308279265(302)
Income tax expense     (56) 
Income (loss) before gain (loss) on sale of properties:(3,465)(3,085)(2,985)308279209(302)
Other undisclosed net income   1715  
Net income (loss):(3,465)(3,085)(2,985)325293209(302)
Net income (loss) attributable to noncontrolling interest  34(18)1  
Other undisclosed net income (loss) attributable to parent     14(114)
Net income (loss) available to common stockholders, diluted:(3,465)(3,085)(2,951)307295223(416)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(3,465)(3,085)(2,985)325293209(302)
Other undisclosed comprehensive loss   (2)(23)  
Comprehensive income (loss):(3,465)(3,085)(2,985)322270209(302)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  34(18)1  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     14(143)
Comprehensive income (loss), net of tax, attributable to parent:(3,465)(3,085)(2,951)305271223(445)

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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