Petrogress, Inc (PGAS) financial statements (2021 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)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 3916611,151383134
Cash and cash equivalents 3916611,15136204
Short-term investments    21130
Receivables 2,0684,8104,1822,428(70)27
Inventory, net of allowances, customer advances and progress billings 1,207417172   
Inventory 1,207417172   
Prepaid expense 2,914  395 2
Deposits current assets      1
Intangible current assets      34
Other current assets   202   
Other undisclosed current assets 6512,2821,1696637137
Total current assets: 7,2318,1706,8753,8691134
Noncurrent Assets
Property, plant and equipment 4,2504,4515,2825,91911
Intangible assets, net (including goodwill) 900900900   
Goodwill 900900900   
Deposits noncurrent assets 11118   
Deferred costs 1627    
Other undisclosed noncurrent assets    9 34
Total noncurrent assets: 5,1765,3886,1905,928135
TOTAL ASSETS: 12,40713,55913,0659,7972170
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,4021,2651,3001484868
Accounts payable 439664113   
Employee-related liabilities 8746063   
Other undisclosed accounts payable and accrued liabilities 885411,1241484868
Debt 386  45  
Derivative instruments and hedges, liabilities 810  65  
Due to related parties 1,2711,1771,244235520390
Other undisclosed current liabilities 24158307 147 
Total current liabilities: 3,8932,6002,851493714458
Noncurrent Liabilities
Liabilities, other than long-term debt      238
Due to related parties      238
Total noncurrent liabilities:      238
Total liabilities: 3,8932,6002,851493714696
Stockholders' equity
Stockholders' equity attributable to parent, including: 8,44410,85510,1159,303(712)(289)
Common stock 443181672220
Common stock, share subscribed but unissued, subscriptions receivable     1 
Additional paid in capital 10,0749,5358,7868,4241,4441,425
Accumulated other comprehensive income (loss) (10)(10)(8)16(113)(84)
Retained earnings (accumulated deficit) (1,635)1,3161,009697(2,065)(1,650)
Other undisclosed stockholders' equity attributable to parent 101010   
Stockholders' equity attributable to noncontrolling interest 7010499   
Total stockholders' equity: 8,51410,95910,2149,303(712)(289)
Other undisclosed liabilities and equity     0(238)
TOTAL LIABILITIES AND EQUITY: 12,40713,55913,0659,7972170

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 15,9619,0279,16318,075116376
Cost of revenue (13,431)(5,069)(5,620)(12,497)(107)(367)
Cost of goods and services sold (13,431)(5,069)(5,620)(12,497)(3)(3)
Other undisclosed gross profit     0 
Gross profit: 2,5303,9583,5435,57898
Operating expenses (4,184)(3,629)(3,269)(5,402)(306)(155)
Other operating income, net
(Other Expenses)
      7
Other undisclosed operating loss     (0)(7)
Operating income (loss): (1,654)329275176(298)(147)
Nonoperating income (expense) (1,331)(5)19103(118) 
Investment income, nonoperating (294)     
Other nonoperating income (expense) (654)1233103(118) 
Interest and debt expense  (17)(15)(14)114 
Income (loss) from continuing operations before income taxes: (2,985)308279265(302)(147)
Income tax expense (benefit)    (56) 52
Income (loss) before gain (loss) on sale of properties: (2,985)308279209(302)(94)
Other undisclosed net income  1715   
Net income (loss): (2,985)325293209(302)(94)
Net income (loss) attributable to noncontrolling interest 34(18)1   
Other undisclosed net income (loss) attributable to parent    14(114)(45)
Net income (loss) available to common stockholders, diluted: (2,951)307295223(416)(140)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (2,985)325293209(302)(94)
Other undisclosed comprehensive loss  (2)(23)   
Comprehensive income (loss): (2,985)322270209(302)(94)
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)(78)
Comprehensive income (loss), net of tax, attributable to parent: (2,951)305271223(445)(172)

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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