Pledge Petroleum Corp. (PROP) financial statements (2021 and earlier)
Company profile
Business Address |
10655 BAMMEL NORTH HOUSTON ROAD HOUSTON, TX 77086 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
SIC | 286 - Industrial Organic Chemicals (benchmarking) |
More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 21 | 8,600 | 9,170 | 11,700 | 41 | 28 | 3 | ||
Cash and cash equivalents | 21 | 8,600 | 9,170 | 11,700 | 41 | 28 | 3 | ||
Restricted cash and investments | 7,850 | ||||||||
Receivables | 0 | ||||||||
Prepaid expense | 26 | 227 | 13 | ✕ | |||||
Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | 17 | 2 | ||
Other undisclosed current assets | 145 | (7,824) | 1 | 6 | |||||
Total current assets: | 166 | 8,625 | 9,196 | 11,928 | 60 | 46 | 5 | ||
Noncurrent Assets | |||||||||
Property, plant and equipment | 4 | 9 | 14 | 691 | 320 | 122 | 2 | ||
Intangible assets, net (including goodwill), including: | 228 | 298 | ✕ | ✕ | |||||
Intangible assets, net (excluding goodwill) | 228 | ||||||||
Other undisclosed intangible assets, net (including goodwill) | 298 | ✕ | ✕ | ||||||
Deposits noncurrent assets | 2 | 1 | 7 | 2 | |||||
Other undisclosed noncurrent assets | 2 | 2 | 1 | ||||||
Total noncurrent assets: | 6 | 9 | 21 | 920 | 619 | 125 | 2 | ||
TOTAL ASSETS: | 171 | 8,635 | 9,218 | 12,848 | 679 | 170 | 7 | ||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 81 | 67 | 65 | 150 | 388 | 303 | 123 | ||
Accounts payable | 81 | 39 | 31 | 150 | 347 | 187 | 38 | ||
Accrued liabilities | 28 | 34 | 5 | 60 | 85 | ||||
Employee-related liabilities | 36 | 56 | |||||||
Debt | 3 | 3 | 3 | 301 | 672 | ||||
Derivative instruments and hedges, liabilities | 18 | 238 | |||||||
Due to related parties | 6 | 1 | 45 | ||||||
Disposal group, including discontinued operation | 1,026 | 1,221 | |||||||
Other liabilities | 2 | ||||||||
Other undisclosed current liabilities | 17 | 291 | 200 | (58) | 17 | ||||
Total current liabilities: | 104 | 70 | 1,094 | 445 | 907 | 1,156 | 1,406 | ||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 107 | ||||||||
Long-term debt, excluding current maturities | 107 | ||||||||
Other undisclosed noncurrent liabilities | 6 | 182 | 40 | ||||||
Total noncurrent liabilities: | 6 | 288 | 40 | ||||||
Total liabilities: | 104 | 70 | 1,094 | 445 | 913 | 1,444 | 1,446 | ||
Stockholders' equity | |||||||||
Stockholders' equity attributable to parent, including: | 68 | 8,558 | 8,123 | 12,154 | (234) | (1,274) | (1,439) | ||
Preferred stock | 5 | ||||||||
Common stock | 484 | 269 | 269 | 269 | 260 | 205 | 2 | ||
Additional paid in capital | 27,403 | 26,360 | 26,271 | 9,914 | 3,910 | 4,766 | |||
Accumulated deficit | (416) | (19,114) | (18,512) | (14,393) | (10,412) | (5,394) | (6,212) | ||
Other undisclosed stockholders' equity attributable to parent | 8 | 8 | 4 | 4 | |||||
Stockholders' equity attributable to noncontrolling interest | 249 | ||||||||
Other undisclosed stockholders' equity | 0 | 8 | |||||||
Total stockholders' equity: | 68 | 8,565 | 8,123 | 12,403 | (234) | (1,274) | (1,439) | ||
TOTAL LIABILITIES AND EQUITY: | 171 | 8,635 | 9,218 | 12,848 | 679 | 170 | 7 |
Income statement (P&L) ($ in thousands)
12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 25 | 91 | 190 | 94 | 60 | |||
Cost of revenue (Cost of Goods and Services Sold) | (273) | (233) | (358) | (47) | ||||
Gross profit: | 25 | (182) | (43) | (263) | 13 | |||
Operating expenses | (628) | (2,913) | (4,085) | (4,148) | (3,230) | (547) | ||
Other operating expense, net | (827) | (323) | (3) | |||||
Other expenses | (3) | |||||||
Other undisclosed operating income | 827 | 323 | 3 | |||||
Operating loss: | (603) | (2,913) | (4,267) | (4,191) | (3,494) | (534) | ||
Nonoperating income (expense) (Investment Income, Nonoperating) | 18 | (449) | (238) | (58) | ||||
Interest and debt expense | 176 | 964 | ||||||
Income (loss) from continuing operations before equity method investments, income taxes: | (603) | (2,913) | (4,248) | (4,641) | (3,556) | 373 | ||
Other undisclosed income (loss) from continuing operations before income taxes | 1 | 194 | (84) | (378) | (261) | (651) | ||
Loss from continuing operations before income taxes: | (602) | (2,719) | (4,332) | (5,018) | (3,817) | (278) | ||
Income tax expense | (7) | |||||||
Loss from continuing operations: | (7) | (602) | (2,719) | (4,332) | (5,018) | (3,817) | (278) | |
Loss from discontinued operations | (1,649) | |||||||
Net loss: | (7) | (602) | (4,368) | (4,332) | (5,018) | (3,817) | (278) | |
Net income attributable to noncontrolling interest | 249 | 351 | ||||||
Net loss attributable to parent: | (7) | (602) | (4,119) | (3,981) | (5,018) | (3,817) | (278) | |
Other undisclosed net loss available to common stockholders, basic | (626) | (628) | (2,918) | (1,604) | (409) | |||
Net loss available to common stockholders, diluted: | (7) | (1,228) | (4,747) | (6,899) | (6,623) | (3,817) | (687) |
Comprehensive Income ($ in thousands)
12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
---|---|---|---|---|---|---|---|---|
Net loss: | (7) | (602) | (4,368) | (4,332) | (5,018) | (3,817) | (278) | |
Comprehensive loss: | (7) | (602) | (4,368) | (4,332) | (5,018) | (3,817) | (278) | |
Comprehensive income, net of tax, attributable to noncontrolling interest | 249 | 351 | ||||||
Comprehensive loss, net of tax, attributable to parent: | (7) | (602) | (4,119) | (3,981) | (5,018) | (3,817) | (278) |
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.