PetroGas Co (PTCO) Financial Statements (2024 and earlier)

Company Profile

Business Address 2800 POST OAK BOULEVARD
HOUSTON, TX 77056
State of Incorp. NV
Fiscal Year End March 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments      387
Cash and cash equivalents      387
Total current assets:      387
Noncurrent Assets
TOTAL ASSETS:      387
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:28,19514,71817,84516,10318,02424,320
Interest and dividends payable 129,77471,50432,544
Accrued liabilities245,439230,983    
Other undisclosed accounts payable and accrued liabilities(217,244)(216,265)17,845(113,671)(53,480)(8,224)
Debt7,2847,2847,2847,284196,494 
Due to related parties101,17495,15167,57435,04128,54128,541
Other undisclosed current liabilities507,890493,434449,265350,54271,50432,544
Total current liabilities:644,543610,587541,968408,970314,56385,405
Noncurrent Liabilities
Long-term debt and lease obligation     42,68342,683
Long-term debt, excluding current maturities     42,68342,683
Liabilities, other than long-term debt    42,68383,58083,580
Asset retirement obligations     83,58083,580
Due to related parties   42,683  
Other undisclosed noncurrent liabilities83,58083,58083,58083,580 132,746
Total noncurrent liabilities:83,58083,58083,580126,263126,263259,009
Total liabilities:728,123694,167625,548535,233440,826344,414
Equity
Equity, attributable to parent(728,123)(694,167)(625,548)(535,233)(440,826)(344,027)
Common stock21,04821,04821,0483,8743,874301
Additional paid in capital141,452,414141,452,414141,452,4141,468,5881,446,4541,326,435
Accumulated deficit(142,201,585)(142,167,629)(142,099,010)(2,007,695)(1,891,154)(1,670,763)
Total equity:(728,123)(694,167)(625,548)(535,233)(440,826)(344,027)
TOTAL LIABILITIES AND EQUITY:      387

Income Statement (P&L) (USD)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues     1661,550
Gross profit:     1661,550
Operating expenses(43,950)(35,033,700)(140,034,275)(26,713)(119,433)(40,549)
Other operating expense, net
(Other Expenses)
  (29,232)(57,040)   
Other undisclosed operating income  36,029,23236,057,040   
Operating income (loss):(43,950)966,300(104,034,275)(26,713)(119,267)(38,999)
Nonoperating expense
(Other Nonoperating expense)
    (101,124) 
Interest and debt expense(58,625)(58,624)(57,040)(89,828)(101,124)(118,174)
Income (loss) from continuing operations:(102,575)907,676(104,091,315)(116,541)(321,515)(157,173)
Income (loss) before gain (loss) on sale of properties:927,202(104,091,315)(116,541)(321,515)(157,173)
Net income (loss):(102,575)907,676(104,091,315)(116,541)(321,515)(157,173)
Other undisclosed net income (loss) attributable to parent (36,000,000)(36,000,000) 101,124 
Net loss available to common stockholders, diluted:(102,575)(35,092,324)(140,091,315)(116,541)(220,391)(157,173)

Comprehensive Income (USD)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):(102,575)907,676(104,091,315)(116,541)(321,515)(157,173)
Comprehensive income (loss), net of tax, attributable to parent:(102,575)907,676(104,091,315)(116,541)(321,515)(157,173)

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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