Petrogress, Inc (PGAS) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 6611,1513831344
Cash and cash equivalents 6611,151362044
Short-term investments   21130 
Receivables 4,8104,1822,428(70)2729
Inventory, net of allowances, customer advances and progress billings 417172   
Inventory 417172    
Prepaid expense   395 2 
Deposits current assets     1 
Intangible current assets     34
Other current assets  202    
Other undisclosed current assets 2,2821,169663713772
Total current assets: 8,1706,8753,8691134105
Noncurrent Assets
Property, plant and equipment 4,4515,2825,919113
Intangible assets, net (including goodwill) 900900   
Goodwill 900900    
Deposits noncurrent assets 118    
Deferred costs 27     
Other undisclosed noncurrent assets   9 3434
Total noncurrent assets: 5,3886,1905,92813536
TOTAL ASSETS: 13,55913,0659,7972170142
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,2651,300148486877
Accounts payable 664113    
Employee-related liabilities 6063    
Other undisclosed accounts payable and accrued liabilities 5411,124148486877
Debt   45   
Derivative instruments and hedges, liabilities   65   
Due to related parties 1,1771,244235520390 
Other undisclosed current liabilities 158307 147 188
Total current liabilities: 2,6002,851493714458264
Noncurrent Liabilities
Liabilities, other than long-term debt     238 
Due to related parties     238 
Total noncurrent liabilities:     238 
Total liabilities: 2,6002,851493714696264
Stockholders' equity
Stockholders' equity attributable to parent, including: 10,85510,1159,303(712)(289)(123)
Common stock 43181672220 
Common stock, share subscribed but unissued, subscriptions receivable    1  
Additional paid in capital 9,5358,7868,4241,4441,4251,419
Accumulated other comprehensive income (loss) (10)(8)16(113)(84) 
Retained earnings (accumulated deficit) 1,3161,009697(2,065)(1,650)(1,510)
Other undisclosed stockholders' equity attributable to parent 1010   (31)
Stockholders' equity attributable to noncontrolling interest 10499    
Total stockholders' equity: 10,95910,2149,303(712)(289)(123)
Other undisclosed liabilities and equity    0(238) 
TOTAL LIABILITIES AND EQUITY: 13,55913,0659,7972170142

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 9,0279,16318,075116376 
Cost of revenue (5,069)(5,620)(12,497)(107)(367)(464)
Cost of goods and services sold (5,069)(5,620)(12,497)(3)(3)(464)
Deferred policy acquisition costs, amortization expense      73
Other undisclosed gross profit    0 366
Gross profit: 3,9583,5435,57898(99)
Operating expenses (3,629)(3,269)(5,402)(306)(155)(644)
Other operating income, net
(Other Expenses)
     751
Other undisclosed operating loss    (0)(7)(51)
Operating income (loss): 329275176(298)(147)(743)
Nonoperating income (expense) (5)19103(118)  
Other nonoperating income (expense) 1233103(118)  
Interest and debt expense (17)(15)(14)114 25
Income (loss) from continuing operations before income taxes: 308279265(302)(147)(718)
Income tax expense (benefit)   (56) 52 
Income (loss) before gain (loss) on sale of properties: 308279209(302)(94)(718)
Other undisclosed net income 1715    
Net income (loss): 325293209(302)(94)(718)
Net income (loss) attributable to noncontrolling interest (18)1    
Other undisclosed net income (loss) attributable to parent   14(114)(45)26
Net income (loss) available to common stockholders, basic: 307295223(416)(140)(692)
Dilutive securities, effect on basic earnings per share      1,672
Net income (loss) available to common stockholders, diluted: 307295223(416)(140)980

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): 325293209(302)(94)(718)
Other undisclosed comprehensive loss (2)(23)    
Comprehensive income (loss): 322270209(302)(94)(718)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (18)1    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   14(143)(78)67
Comprehensive income (loss), net of tax, attributable to parent: 305271223(445)(172)(651)

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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