PETROTEQ ENERGY INC. (PQEFF) financial statements (2022 and earlier)

Company profile

Business Address 15315 W MAGNOLIA BLVD, SUITE 120
SHERMAN OAKS, CA 91403
State of Incorp. ON
Fiscal Year End August 31
SIC 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments691,0136251
Cash and cash equivalents691,0136251
Receivables94540102144
Inventory, net of allowances, customer advances and progress billings171715177
Inventory171715177
Prepaid expense155  446
Other undisclosed current assets2,6472,6292,0561,624
Total current assets:2,9814,1992,2352,441
Noncurrent Assets
Finance lease, right-of-use asset  245 
Operating lease, right-of-use asset155167209 
Property, plant and equipment41,03841,04935,58333,614
Long-term investments and receivables   760
Due from related parties   760
Intangible assets, net (including goodwill)708708708708
Intangible assets, net (excluding goodwill)708708708708
Other undisclosed noncurrent assets34,91134,91134,66635,333
Total noncurrent assets:76,81276,83571,41070,415
TOTAL ASSETS:79,79381,03573,64572,856
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,9543,6704,1764,130
Accounts payable2,3742,1052,4072,082
Accrued liabilities1,5791,5651,7702,048
Debt1,0525,3318,4006,189
Due to related parties43649468150
Other undisclosed current liabilities5199691,9331,341
Total current liabilities:5,96010,46415,19011,710
Noncurrent Liabilities
Long-term debt and lease obligation1,7411,4471,355216
Long-term debt, excluding current maturities1,6351,3291,113216
Finance lease, liability  75 
Operating lease, liability105119167 
Liabilities, other than long-term debt2,9702,9702,9702,970
Asset retirement obligations2,9702,9702,9702,970
Other undisclosed noncurrent liabilities   141
Total noncurrent liabilities:4,7114,4184,3263,327
Total liabilities:10,67114,88219,51615,037
Stockholders' equity
Stockholders' equity attributable to parent, including:69,12266,1535457,819
Common stock171,806166,292144,794 
Accumulated deficit(102,684)(100,139)(90,664)(78,285)
Other undisclosed stockholders' equity attributable to parent  (54,076)136,104
Other undisclosed stockholders' equity (132,306)54,076 
Total stockholders' equity:69,122(66,153)54,13057,819
Other undisclosed liabilities and equity 132,306  
TOTAL LIABILITIES AND EQUITY:79,79381,03573,64572,856

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

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
Revenues  29159
Cost of revenue
(Cost of Goods and Services Sold)
(2,012)(2,091)  
Other undisclosed gross profit(19)2,000(2,702)(1,639)
Gross profit:(2,031)(91)(2,411)(1,579)
Operating expenses(9,578)(9,383)(9,968)(14,208)
Other operating income, net1,3011,564  
Other nonrecurring (income) expense(1,301)(1,564)  
Operating loss:(10,308)(7,910)(12,379)(15,788)
Nonoperating income
(Debt Instrument, Convertible, Beneficial Conversion Feature)
714   
Interest and debt expense(2,436)(2,376)(745)(443)
Loss from continuing operations before equity method investments, income taxes:(12,030)(10,287)(13,124)(16,231)
Other undisclosed income from continuing operations before income taxes21,57019,76174532,019
Income (loss) before gain (loss) on sale of properties:9,5409,474(12,379)15,788
Other undisclosed net loss   (31,576)
Net income (loss):9,5409,474(12,379)(15,788)
Net income attributable to noncontrolling interest   15,788
Other undisclosed net income (loss) attributable to parent(33,915)(18,948) 15,788
Net income (loss) available to common stockholders, diluted:(24,375)(9,474)(12,379)15,788

Comprehensive Income ($ in thousands)

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
Net income (loss):9,5409,474(12,379)(15,788)
Comprehensive income (loss):9,5409,474(12,379)(15,788)
Comprehensive income, net of tax, attributable to noncontrolling interest   15,788
Comprehensive income (loss), net of tax, attributable to parent:9,5409,474(12,379) 

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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