PetroGas Co (PTCO) financial statements (2023 and earlier)

Company profile

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

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   051 
Cash and cash equivalents   051 
Prepaid expense     0 
Total current assets:   051 
Noncurrent Assets
Oil and gas property, full cost method    2928 
Total noncurrent assets:    2928 
TOTAL ASSETS:   03429 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:15161824211710
Interest and dividends payable17213072338  
Other undisclosed accounts payable and accrued liabilities(158)(114)(53)(8)121710
Debt77196   55
Due to related parties61352929294118
Other undisclosed current liabilities43535172338  
Total current liabilities:518409315855722183
Noncurrent Liabilities
Long-term debt and lease obligation  434343241 
Long-term debt, excluding current maturities  434343241 
Liabilities, other than long-term debt 438484848484
Asset retirement obligations  8484848484
Due to related parties 43     
Other undisclosed noncurrent liabilities8484 13368  
Total noncurrent liabilities:8412612625919432484
Total liabilities:602535441344252346267
Stockholders' equity
Stockholders' equity attributable to parent(602)(535)(441)(344)(217)(317)(267)
Common stock2144030301
Additional paid in capital106,4521,4691,4461,3261,266997970
Accumulated deficit(107,075)(2,008)(1,891)(1,671)(1,514)(1,343)(1,238)
Total stockholders' equity:(602)(535)(441)(344)(217)(317)(267)
TOTAL LIABILITIES AND EQUITY:   03429 

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues(0) 0222 
Revenue, net22 
Gross profit:  0222 
Operating expenses67(27)(119)(41)(57)(106)143
Other operating income, net
(Other Expenses)
61      
Other undisclosed operating loss(61)      
Operating income (loss):67(27)(119)(39)(55)(104)202
Nonoperating expense  (101)  (2)(817)
Other nonoperating expense  (101)    
Interest and debt expense(42)(90)(101)(118)(115)(2)(57)
Net income (loss):25(117)(322)(157)(170)(107)(672)
Other undisclosed net income (loss) attributable to parent(105,025) 101  2(537)
Net loss available to common stockholders, diluted:(105,000)(117)(220)(157)(170)(105)(1,209)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):25(117)(322)(157)(170)(107)(672)
Comprehensive income (loss), net of tax, attributable to parent:25(117)(322)(157)(170)(107)(672)

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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