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 investments218,6009,17011,70041283
Cash and cash equivalents218,6009,17011,70041283
Restricted cash and investments 7,850     
Receivables      0
Prepaid expense  2622713 
Prepaid expense and other current assets172
Other undisclosed current assets145(7,824) 16  
Total current assets:1668,6259,19611,92860465
Noncurrent Assets
Property, plant and equipment49146913201222
Intangible assets, net (including goodwill), including:   228298
Intangible assets, net (excluding goodwill)   228   
Other undisclosed intangible assets, net (including goodwill)    298
Deposits noncurrent assets2172   
Other undisclosed noncurrent assets    221
Total noncurrent assets:69219206191252
TOTAL ASSETS:1718,6359,21812,8486791707
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities816765150388303123
Accounts payable81393115034718738
Accrued liabilities 2834 56085
Employee-related liabilities    3656 
Debt 333301672 
Derivative instruments and hedges, liabilities    18238 
Due to related parties6  1  45
Disposal group, including discontinued operation  1,026   1,221
Other liabilities     2 
Other undisclosed current liabilities17  291200(58)17
Total current liabilities:104701,0944459071,1561,406
Noncurrent Liabilities
Long-term debt and lease obligation     107 
Long-term debt, excluding current maturities     107 
Other undisclosed noncurrent liabilities    618240
Total noncurrent liabilities:    628840
Total liabilities:104701,0944459131,4441,446
Stockholders' equity
Stockholders' equity attributable to parent, including:688,5588,12312,154(234)(1,274)(1,439)
Preferred stock      5
Common stock4842692692692602052
Additional paid in capital 27,40326,36026,2719,9143,9104,766
Accumulated deficit(416)(19,114)(18,512)(14,393)(10,412)(5,394)(6,212)
Other undisclosed stockholders' equity attributable to parent  8844 
Stockholders' equity attributable to noncontrolling interest   249   
Other undisclosed stockholders' equity08     
Total stockholders' equity:688,5658,12312,403(234)(1,274)(1,439)
TOTAL LIABILITIES AND EQUITY:1718,6359,21812,8486791707

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 911909460
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    8273233
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     176964
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 1194(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  249351   
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  249351   
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.

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