Planet Green Holdings Corp. (PLAG) financial statements (2022 and earlier)

Company profile

Business Address 36-10 UNION ST, 2ND FLOOR
FLUSHING, NY 11354
State of Incorp. NV
Fiscal Year End December 31
SIC 203 - Canned, Frozen, And Preserved Fruits, Vegetables, and Food Specialties (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
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 investments1,1313,4167,4031,0638542620,664
Cash and cash equivalents1,1313,4167,4031,0638542620,664
Restricted cash and investments381      
Receivables11,4908351,1186,5307303,25362,532
Inventory, net of allowances, customer advances and progress billings7,8162,2521,947 10,59311,84143,712
Inventory7,8162,2521,947 10,59311,84143,712
Prepaid expense      1,869
Advances on inventory purchases5,6815,9237,4147,3823,13029,87334,631
Disposal group, including discontinued operation    79119,746 
Deposits current assets      3,741
Other undisclosed current assets8041,092275161,6121,68023,900
Total current assets:27,30413,51718,15814,99116,94166,820191,050
Noncurrent Assets
Operating lease, right-of-use asset585  
Property, plant and equipment22,9614,5974,9731,37236,66351,89782,110
Long-term investments and receivables3,137      
Long-term investments3,137      
Intangible assets, net (including goodwill)22,3803,8571,534 13,16812,5873,219
Goodwill18,1812,340    3,219
Intangible assets, net (excluding goodwill)4,2001,5161,534 13,16812,587 
Prepaid expense706      
Deposits noncurrent assets   1   
Disposal group, including discontinued operation, noncurrent assets    89616,363 
Deferred income tax assets1,172  
Other undisclosed noncurrent assets7,771 1,23484681958733,158
Total noncurrent assets:58,7128,4537,7412,21951,54781,434118,488
TOTAL ASSETS:86,01621,97025,89817,21068,488148,253309,538
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,0251,5021,0847344,5065,76328,327
Accounts payable6,2381,3039535794,1515,51422,464
Accrued liabilities  25    
Taxes payable7881991061553552495,863
Debt3,812 136 55,36052,62358,972
Due to related parties5,19620     
Disposal group, including discontinued operation   8,6089,61113,812 
Deferred tax liabilities   5
Customer advances and deposits4851,347237
Other undisclosed current liabilities18,3452,1063,5705799,3178,6129,462
Total current liabilities:34,3793,6284,7909,92179,27982,15797,003
Noncurrent Liabilities
Long-term debt and lease obligation      10,239
Long-term debt, excluding current maturities      9,544
Capital lease obligations   695
Liabilities, other than long-term debt 31     
Due to related parties 31     
Other undisclosed noncurrent liabilities380 374   327
Total noncurrent liabilities:38031374   10,566
Other undisclosed liabilities (0)     
Total liabilities:34,7593,6595,1649,92179,27982,157107,569
Stockholders' equity
Stockholders' equity attributable to parent, including:46,90618,31120,7355,498(3,046)33,6651,968
Common stock361285383838
Additional paid in capital133,23295,65985,80374,73957,85257,85257,842
Accumulated other comprehensive income7,7116,9728,2049,79213,58912,17110,197
Retained earnings (accumulated deficit)(94,072)(84,332)(73,281)(79,039)(99,629)(36,396)101,390
Other undisclosed stockholders' equity attributable to parent    25,103 (167,499)
Stockholders' equity attributable to noncontrolling interest4,350  (1,020)(7,745)7,3287,840
Other undisclosed stockholders' equity   2,811 25,103192,160
Total stockholders' equity:51,25618,31120,7357,289(10,791)66,096201,968
TOTAL LIABILITIES AND EQUITY:86,01621,97025,89817,21068,488148,253309,538

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues37,7683,6394,1136,8295,11079,667215,315
Cost of revenue(33,922)(2,370)(2,980)(6,524)(5,465)(69,165)(179,197)
Gross profit:3,8461,2691,133305(355)10,50236,118
Operating expenses(10,083)(4,057)(1,959)(889)(40,998)(46,923)(22,065)
Operating income (loss):(6,236)(2,788)(825)(584)(41,353)(36,421)14,053
Nonoperating income (expense)(3,698)(6,051)(5,011)435(5,838)(48,854)684
Investment income, nonoperating (6,079)(5,025)0 47433
Other nonoperating income (expense)(647)272312(1,761)(45,563)251
Interest and debt expense (23)(10)(0)(4,076)(4,569)(7,093)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (2,340)1004,0764,569(4,319)
Income (loss) from continuing operations before income taxes:(9,935)(11,202)(5,837)(149)(47,191)(85,275)3,325
Income tax expense(56)  (164)(161)(1,899)(4,516)
Other undisclosed income from continuing operations 2,788     
Loss from continuing operations:(9,991)(8,415)(5,837)(313)(47,352)(87,173)(1,191)
Income (loss) from discontinued operations 1518,78417,145(30,953)(49,188) 
Income (loss) before gain (loss) on sale of properties:(9,991)(8,264)2,94716,831(78,305)(136,361)(1,191)
Other undisclosed net loss (2,788)(18,623)    
Net income (loss):(9,991)(11,051)(15,676)16,831(78,305)(136,361)(1,191)
Net income (loss) attributable to noncontrolling interest251  (3,758)(15,073)(388)(5,181)
Other undisclosed net income (loss) attributable to parent(251) 18,6233,75815,0733885,181
Net income (loss) attributable to parent:(9,991)(11,051)2,94716,831(78,305)(136,361)(1,191)
Other undisclosed net income available to common stockholders, basic251      
Net income (loss) available to common stockholders, basic:(9,740)(11,051)2,94716,831(78,305)(136,361)(1,191)
Other undisclosed net income available to common stockholders, diluted0      
Net income (loss) available to common stockholders, diluted:(9,740)(11,051)2,94716,831(78,305)(136,361)(1,191)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(9,991)(11,051)(15,676)16,831(78,305)(136,361)(1,191)
Other comprehensive income762      
Comprehensive income (loss):(9,229)(11,051)(15,676)16,831(78,305)(136,361)(1,191)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest251  (3,758)(15,073)(388)(5,181)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(251)(1,232)17,034(38)16,4912,299(5,418)
Comprehensive income (loss), net of tax, attributable to parent:(9,229)(12,283)1,35913,035(76,888)(134,450)(11,791)

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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