Petrosonic Energy Inc (PSON) financial statements (2020 and earlier)

Company profile

Business Address 914 WESTWOOD BOULEVARD, NUMBER 545
LOS ANGELES, CA 90024
State of Incorp. NV
Fiscal Year End December 31
SIC 2911 - Petroleum Refining (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1184451,008 
Cash and cash equivalents1184451,008 
Receivables263451 
Inventory, net of allowances, customer advances and progress billings 7676
Inventory 7676 
Prepaid expense101954
Other current assets 1624
Total current assets:1545891,212 
Noncurrent Assets
Property, plant and equipment 7181,179735
Other undisclosed noncurrent assets 7070 
Total noncurrent assets: 7881,249735
TOTAL ASSETS:1541,3772,460735
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities725697632 
Accounts payable340432457 
Accrued liabilities385266175 
Due to related parties376  
Other undisclosed current liabilities200200206 
Total current liabilities:962903838 
Noncurrent Liabilities
Total liabilities:962903838 
Stockholders' equity
Stockholders' equity attributable to parent, including:(759)4831,396 
Common stock909080 
Common stock, share subscribed but unissued, subscriptions receivable(140)   
Additional paid in capital5,8535,6834,973 
Accumulated other comprehensive loss(224)(293)(377) 
Accumulated deficit(6,338)(4,856)(3,140) 
Other undisclosed stockholders' equity attributable to parent (140)(140) 
Stockholders' equity attributable to noncontrolling interest(50)(9)227 
Total stockholders' equity:(808)4741,623 
TOTAL LIABILITIES AND EQUITY:1541,3772,460 

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Operating expenses(1,500)(1,508)  
Other undisclosed operating income   597
Operating income (loss):(1,500)(1,508) 597
Nonoperating income (expense)(22)(444)214214
Debt instrument, convertible, beneficial conversion feature  214214
Interest and debt expense(22)(20)28 
Income (loss) before gain (loss) on sale of properties:(1,544)(1,972)242811
Other undisclosed net income (loss)2220(2,857) 
Net income (loss):(1,522)(1,952)(2,615)811
Net income attributable to noncontrolling interest41236  
Net income (loss) available to common stockholders, diluted:(1,481)(1,716)(2,615)811

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(1,522)(1,952)(2,615)811
Other comprehensive loss(69)(84)  
Other undisclosed comprehensive income138167  
Comprehensive income (loss):(1,453)(1,869)(2,615)811
Comprehensive income, net of tax, attributable to noncontrolling interest41236  
Comprehensive income (loss), net of tax, attributable to parent:(1,412)(1,633)(2,615)811

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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