Summer Energy Holdings Inc (SUME) financial statements (2021 and earlier)

Company profile

Business Address 800 BERING DRIVE
HOUSTON, TX 77057
State of Incorp. NV
Fiscal Year End December 31
SIC 4911 - Electric Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
TTM
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 investments 100201
Cash and cash equivalents 100201
Receivables 423427161313
Other undisclosed current assets 77321(3)
Total current assets: 494230191411
Noncurrent Assets
Operating lease, right-of-use asset 1
Property, plant and equipment 000000
Intangible assets, net (including goodwill) 123   
Intangible assets, net (excluding goodwill) 123   
Deferred costs    0  
Other undisclosed noncurrent assets 000  0
Total noncurrent assets: 224000
TOTAL ASSETS: 514434201411
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 6810644
Accounts payable 131000
Accrued liabilities 559544
Interest and dividends payable  0    
Debt 1003 31
Due to related parties 2     
Other undisclosed current liabilities 181610656
Total current liabilities: 362422111212
Noncurrent Liabilities
Long-term debt and lease obligation 1012 3  
Long-term debt, excluding current maturities 1012 3  
Total noncurrent liabilities: 1012 3  
Total liabilities: 463622141212
Stockholders' equity
Stockholders' equity attributable to parent, including: 581262(0)
Preferred stock     0 
Common stock 00000 
Common stock, share subscribed but unissued, subscriptions receivable (0)(0)(0)(0)(0) 
Additional paid in capital 3123191598
Accumulated deficit (26)(15)(7)(9)(7)(8)
Other undisclosed stockholders' equity attributable to parent      (0)
Total stockholders' equity: 581262(0)
TOTAL LIABILITIES AND EQUITY: 514434201411

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 166152118908150
Cost of revenue (153)(138)(100)(77)(66)(90)
Cost of goods and services sold   (100)(77)(66)(88)
Other undisclosed gross profit      46
Gross profit: 14141813156
Operating expenses (22)(20)(15)(13)(12)(10)
Other undisclosed operating income      2
Operating income (loss): (9)(6)303(2)
Nonoperating expense (2)(1)(1)(1)(2)(2)
Investment income, nonoperating (162)(149)  00
Interest and debt expense (2)(1)(1)(1)(1)(0)
Income (loss) from continuing operations before equity method investments, income taxes: (13)(9)1(2)1(4)
Other undisclosed income from continuing operations before income taxes      0
Income (loss) from continuing operations before income taxes: (13)(9)1(2)1(4)
Income tax expense (0)(0)(0)(0)(0) 
Income (loss) before gain (loss) on sale of properties: (13)(9)1(2)1(4)
Other undisclosed net income 2111  
Net income (loss): (11)(8)1(1)1(4)
Other undisclosed net income attributable to parent     1 
Net income (loss) attributable to parent: (11)(8)1(1)1(4)
Preferred stock dividends and other adjustments    (0)(0)(0)
Net income (loss) available to common stockholders, diluted: (11)(8)1(1)1(4)

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (11)(8)1(1)1(4)
Comprehensive income (loss), net of tax, attributable to parent: (11)(8)1(1)1(4)

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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