PETROTEQ ENERGY INC. (PQEFF) Financial Statements (2024 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
Industry (SIC) 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

8/31/2021
8/31/2020
8/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6251
Cash and cash equivalents6251
Short-term investments 0 
Receivables102144
Inventory, net of allowances, customer advances and progress billings15177
Inventory15177
Prepaid expense  446
Other undisclosed current assets2,0561,624
Total current assets:2,2352,441
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 245 
Operating lease, right-of-use asset209 
Property, plant and equipment35,58333,614
Long-term investments and receivables  760
Due from related parties  760
Intangible assets, net (including goodwill)708708
Intangible assets, net (excluding goodwill)708708
Other undisclosed noncurrent assets34,66635,333
Total noncurrent assets:71,41070,415
TOTAL ASSETS:73,64572,856
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1764,130
Accounts payable2,4072,082
Accrued liabilities1,7702,048
Debt8,4006,189
Due to related parties68150
Other undisclosed current liabilities1,9331,341
Total current liabilities:15,19011,710
Noncurrent Liabilities
Long-term debt and lease obligation1,355216
Long-term debt, excluding current maturities1,113216
Finance lease, liability 75 
Liabilities, other than long-term debt2,9702,970
Asset retirement obligations2,9702,970
Operating lease, liability167 
Other undisclosed noncurrent liabilities  141
Total noncurrent liabilities:4,3263,327
Total liabilities:19,51615,037
Equity
Equity, attributable to parent, including:5457,819
Common stock144,794 
Accumulated deficit(90,664)(78,285)
Other undisclosed equity, attributable to parent (54,076)136,104
Other undisclosed equity54,076 
Total equity:54,13057,819
Other undisclosed liabilities and equity  
TOTAL LIABILITIES AND EQUITY:73,64572,856

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

8/31/2021
8/31/2020
8/31/2019
Revenues 29159
Cost of revenue
(Cost of Goods and Services Sold)
  
Other undisclosed gross profit(2,702)(1,639)
Gross profit:(2,411)(1,579)
Operating expenses(9,968)(14,208)
Other operating income, net747 
Other nonrecurring (income) expense  
Operating loss:(11,633)(15,788)
Interest and debt expense(1,990)(443)
Loss from continuing operations before equity method investments, income taxes:(13,623)(16,231)
Other undisclosed income from continuing operations before income taxes26,00232,019
Income from continuing operations:12,37915,788
Income before gain (loss) on sale of properties:12,37915,788
Other undisclosed net loss (24,758)(31,576)
Net income (loss):(12,379)(15,788)
Net income attributable to noncontrolling interest  15,788
Other undisclosed net income (loss) attributable to parent24,75815,788
Net income (loss) available to common stockholders, diluted:12,37915,788

Comprehensive Income ($ in thousands)

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

Statements Sources

The financial statements are based on the Company's filings with 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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