Summer Energy Holdings Inc (SUME) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1002011
Cash and cash equivalents1002011
Receivables4234271613136
Prepaid expense and other current assets1
Other undisclosed current assets77321(3)(2)
Total current assets:4942301914116
Noncurrent Assets
Operating lease, right-of-use asset1
Property, plant and equipment0000000
Intangible assets, net (including goodwill)123   
Intangible assets, net (excluding goodwill)123    
Deferred costs   0  1
Other undisclosed noncurrent assets000  00
Total noncurrent assets:2240001
TOTAL ASSETS:5144342014117
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities68106442
Accounts payable1310000
Accrued liabilities5595442
Interest and dividends payable 0     
Debt1003 31 
Due to related parties2      
Other undisclosed current liabilities1816106564
Total current liabilities:3624221112126
Noncurrent Liabilities
Long-term debt and lease obligation1012 3   
Long-term debt, excluding current maturities1012 3   
Total noncurrent liabilities:1012 3   
Total liabilities:4636221412126
Stockholders' equity
Stockholders' equity attributable to parent, including:581262(0)1
Preferred stock    0  
Common stock00000  
Common stock, share subscribed but unissued, subscriptions receivable(0)(0)(0)(0)(0)  
Additional paid in capital31231915985
Accumulated deficit(26)(15)(7)(9)(7)(8)(4)
Other undisclosed stockholders' equity attributable to parent     (0)(0)
Total stockholders' equity:581262(0)1
TOTAL LIABILITIES AND EQUITY:5144342014117

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues16615211890815026
Cost of revenue(153)(138)(100)(77)(66)(90)(47)
Cost of goods and services sold  (100)(77)(66)(88)(47)
Other undisclosed gross profit     4623
Gross profit:141418131563
Operating expenses(22)(20)(15)(13)(12)(10)(6)
Other undisclosed operating income     21
Operating income (loss):(9)(6)303(2)(2)
Nonoperating expense(2)(1)(1)(1)(2)(2)(0)
Investment income, nonoperating(162)(149)  000
Interest and debt expense(2)(1)(1)(1)(1)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(13)(9)1(2)1(4)(3)
Other undisclosed income from continuing operations before income taxes     00
Income (loss) from continuing operations before income taxes:(13)(9)1(2)1(4)(2)
Income tax expense(0)(0)(0)(0)(0)  
Income (loss) before gain (loss) on sale of properties:(13)(9)1(2)1(4)(2)
Other undisclosed net income2111   
Net income (loss):(11)(8)1(1)1(4)(2)
Other undisclosed net income attributable to parent    1  
Net income (loss) attributable to parent:(11)(8)1(1)1(4)(2)
Preferred stock dividends and other adjustments   (0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:(11)(8)1(1)1(4)(2)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(11)(8)1(1)1(4)(2)
Comprehensive income (loss), net of tax, attributable to parent:(11)(8)1(1)1(4)(2)

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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