Puissant Industries Inc (PSSS) financial statements (2021 and earlier)

Company profile

Business Address 520 WHITLEY STREET
LONDON, KY 40743
State of Incorp. FL
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3434
Cash and cash equivalents3434
Receivables5148
Prepaid expense96
Prepaid expense and other current assets310
Other undisclosed current assets (13)
Total current assets:182379
Noncurrent Assets
Property, plant and equipment656400
Other undisclosed noncurrent assets(59)(31)
Total noncurrent assets:596369
TOTAL ASSETS:778748
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3131
Other undisclosed accounts payable and accrued liabilities3131
Debt44
Due to related parties44
Total current liabilities:4039
Noncurrent Liabilities
Long-term debt and lease obligation3741
Long-term debt, excluding current maturities3741
Other undisclosed noncurrent liabilities2828
Total noncurrent liabilities:6569
Total liabilities:105108
Stockholders' equity
Stockholders' equity attributable to parent673640
Common stock97
Additional paid in capital1,127885
Accumulated deficit(463)(252)
Total stockholders' equity:673640
TOTAL LIABILITIES AND EQUITY:778748

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

12/31/2013
12/31/2012
Gross profit:473440
Operating expenses(674)(480)
Other operating income (expense), net
(Other Expenses)
10(4)
Operating loss:(192)(44)
Interest and debt expense(10)4
Other undisclosed income from continuing operations before equity method investments, income taxes 370
Income (loss) from continuing operations before equity method investments, income taxes:(202)330
Other undisclosed loss from continuing operations before income taxes(10)(374)
Loss from continuing operations before income taxes:(211)(44)
Income tax benefit 111
Other undisclosed income from continuing operations 151
Net income (loss):(211)219
Other undisclosed net loss attributable to parent (263)
Net loss available to common stockholders, diluted:(211)(44)

Comprehensive Income ($ in thousands)

12/31/2013
12/31/2012
Net income (loss):(211)219
Comprehensive income (loss), net of tax, attributable to parent:(211)219

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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