Power REIT (PW) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,60215,8431,7711,147717436654
Cash and cash equivalents5,60215,8431,7711,147717436654
Prepaid expense  1714315514
Total current assets:5,60215,8431,7881,161748491668
Noncurrent Assets
Property, plant and equipment20,7268,5486,7886,7886,7886,7886,788
Intangible assets, net (including goodwill)3,3523,5893,8274,0644,3014,5384,775
Intangible assets, net (excluding goodwill)3,3523,5893,8274,0644,3014,5384,775
Other noncurrent assets  343297228775957
Total noncurrent assets:24,07812,13810,95711,14911,31612,10112,520
Other undisclosed assets10,8599,7289,1509,1509,1509,1569,151
TOTAL ASSETS:40,53937,70821,89521,46021,21521,74822,339
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  1131131791701,261
Accounts payable  252185961,214
Interest and dividends payable  8892947447
Debt605565390367344323199
Due to related parties  11 2 
Deferred revenue and credits43481926
Total current liabilities:6055655045235715131,485
Noncurrent Liabilities
Long-term debt and lease obligation23,19323,7979,1679,527  9,368
Long-term debt, excluding current maturities23,19323,7979,1679,527  9,368
Liabilities, other than long-term debt      1,650
Due to related parties      1,650
Total noncurrent liabilities:23,19323,7979,1679,527  11,018
Other undisclosed liabilities1,53128333 9,86810,623(1,321)
Total liabilities:25,32924,6459,70410,05010,44011,13711,183
Temporary equity, carrying amount3,4923,4923,4923,492   
Stockholders' equity
Stockholders' equity attributable to parent, including:11,7189,5718,6997,9177,2837,1207,664
Preferred stock      3,492
Common stock2222222
Additional paid in capital12,07711,82111,61611,39311,19811,00210,816
Accumulated deficit(361)(2,253)(2,919)(3,478)(3,916)(3,884)(3,153)
Other undisclosed stockholders' equity attributable to parent      (3,492)
Other undisclosed stockholders' equity    3,4923,4923,492
Total stockholders' equity:11,7189,5718,6997,91710,77510,61211,157
TOTAL LIABILITIES AND EQUITY:40,53937,70821,89521,46021,21521,74822,339

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,2732,1811,9751,9821,9761,9701,743
Revenue, net1,0501,0501,050828
Operating lease, lease income3,283 
Operating leases, income statement, lease revenue1,050
Cost of revenue(1,336)(588)(500)(512)(864)(1,957)(1,580)
Gross profit:2,9371,5931,4741,4701,11213163
Operating expenses(765)(646)(636)(752)(864)(464)(1,720)
Other operating expense, net
(Other Expenses)
      (367)
Operating income (loss):2,172947839718247(451)(1,923)
Interest and debt expense(1,167)(527)(478)(490)(502)(1,201)(715)
Net income (loss):1,005419361229(255)(1,652)(2,638)
Other undisclosed net income attributable to parent1,1675274784905021,2011,082
Net income (loss) attributable to parent:2,172947839718247(451)(1,556)
Preferred stock dividends and other adjustments(280)(280)(280)(280)(280)(280) 
Other undisclosed net loss available to common stockholders, basic      (191)
Net income (loss) available to common stockholders, basic:1,892667559439(33)(731)(1,747)
Dilutive securities, effect on basic earnings per share62      
Net income (loss) available to common stockholders, diluted:1,954667559439(33)(731)(1,747)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):1,005419361229(255)(1,652)(2,638)
Comprehensive income (loss), net of tax, attributable to parent:1,005419361229(255)(1,652)(2,638)

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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