Power REIT (PW) financial statements (2022 and earlier)

Company profile

Business Address 301 WINDING ROAD
OLD BETHPAGE, NY 11804
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,1715,60215,8431,7711,147717436
Cash and cash equivalents3,1715,60215,8431,7711,147717436
Prepaid expense   17143155
Total current assets:3,1715,60215,8431,7881,161748491
Noncurrent Assets
Property, plant and equipment66,32520,7268,5486,7886,7886,7886,788
Intangible assets, net (including goodwill)3,7613,3523,5893,8274,0644,3014,538
Intangible assets, net (excluding goodwill)3,7613,3523,5893,8274,0644,3014,538
Other noncurrent assets   343297228775
Total noncurrent assets:70,08524,07812,13810,95711,14911,31612,101
Other undisclosed assets12,06110,8599,7289,1509,1509,1509,156
TOTAL ASSETS:85,31840,53937,70821,89521,46021,21521,748
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   113113179170
Accounts payable   25218596
Interest and dividends payable   88929474
Debt641605565390367344323
Due to related parties   11 2
Deferred revenue and credits434819
Total current liabilities:641605565504523571513
Noncurrent Liabilities
Long-term debt and lease obligation22,55623,19323,7979,1679,527  
Long-term debt, excluding current maturities22,55623,19323,7979,1679,527  
Total noncurrent liabilities:22,55623,19323,7979,1679,527  
Other undisclosed liabilities3,8101,53128333 9,86810,623
Total liabilities:27,00725,32924,6459,70410,05010,44011,137
Temporary equity, carrying amount8,4903,4923,4923,4923,492  
Stockholders' equity
Stockholders' equity attributable to parent49,82111,7189,5718,6997,9177,2837,120
Common stock3222222
Additional paid in capital45,68712,07711,82111,61611,39311,19811,002
Retained earnings (accumulated deficit)4,131(361)(2,253)(2,919)(3,478)(3,916)(3,884)
Other undisclosed stockholders' equity     3,4923,492
Total stockholders' equity:49,82111,7189,5718,6997,91710,77510,612
TOTAL LIABILITIES AND EQUITY:85,31840,53937,70821,89521,46021,21521,748

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8,4584,2732,1811,9751,9821,9761,970
Revenue, net1,0501,0501,050
Operating lease, lease income 3,283 
Operating leases, income statement, lease revenue1,050
Cost of revenue(2,033)(1,336)(588)(500)(512)(864)(1,957)
Gross profit:6,4252,9371,5931,4741,4701,11213
Operating expenses(1,281)(765)(646)(636)(752)(864)(464)
Operating income (loss):5,1442,172947839718247(451)
Interest and debt expense(1,140)(1,167)(527)(478)(490)(502)(1,201)
Net income (loss):4,0051,005419361229(255)(1,652)
Other undisclosed net income attributable to parent1,1401,1675274784905021,201
Net income (loss) attributable to parent:5,1442,172947839718247(451)
Preferred stock dividends and other adjustments(653)(280)(280)(280)(280)(280)(280)
Net income (loss) available to common stockholders, basic:4,4921,892667559439(33)(731)
Dilutive securities, effect on basic earnings per share8762     
Other undisclosed net loss available to common stockholders, diluted(87)      
Net income (loss) available to common stockholders, diluted:4,4921,954667559439(33)(731)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):4,0051,005419361229(255)(1,652)
Comprehensive income (loss), net of tax, attributable to parent:4,0051,005419361229(255)(1,652)

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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