Texas Gulf Energy Inc (TXGE) financial statements (2021 and earlier)

Company profile

Business Address 1601 OLD UNDERWOOD ROAD
LA PORTE, TX 77571
State of Incorp. NV
Fiscal Year End December 31
SIC 596 - Nonstore Retailers (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments340394
Cash and cash equivalents340394
Prepaid expense and other current assets762
Income taxes receivable 115
Other undisclosed current assets644130
Total current assets:3,2297,909
Noncurrent Assets
Property, plant and equipment3701,432
Intangible assets, net (including goodwill)863
Goodwill 863
Deferred tax assets, net45 
Other undisclosed noncurrent assets25779
Total noncurrent assets:6732,374
TOTAL ASSETS:3,90110,283
Current Liabilities
Accounts payable and accrued liabilities1,2242,646
Accounts payable9171,293
Accrued liabilities1721,353
Taxes payable134 
Due to related parties26205
Total current liabilities:2,3585,707
Noncurrent Liabilities
Long-term debt and lease obligation586 
Long-term debt, excluding current maturities586 
Liabilities, other than long-term debt 29
Deferred tax liabilities, net 29
Other undisclosed noncurrent liabilities 1,283
Total noncurrent liabilities:5861,312
Total liabilities:2,9447,019
Stockholders' equity
Stockholders' equity attributable to parent, including:9583,264
Common stock10
Additional paid in capital1,2053,221
Retained earnings (accumulated deficit)(248)42
Other undisclosed stockholders' equity attributable to parent00
Total stockholders' equity:9583,264

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

Revenue, net15,581 
Cost of revenue(7,770)(27,791)
Gross profit:1,7338,252
Operating expenses(6,380)(8,618)
Other undisclosed operating income (loss)513(368)
Operating loss:(4,134)(733)
Nonoperating income9444
Investment income, nonoperating 398
Other nonoperating income22146
Interest and debt expense(500)(194)
Other undisclosed income from continuing operations before equity method investments, income taxes500 
Loss from continuing operations before income taxes:(4,125)(483)
Income tax benefit1,174140
Loss from continuing operations:(2,951)(343)
Income from discontinued operations1,264 
Net loss:(1,687)(343)
Other undisclosed net income attributable to parent1,398 
Net loss available to common stockholders, diluted:(289)(343)

Comprehensive Income ($ in thousands)

Net loss:(1,687)(343)
Comprehensive loss, net of tax, attributable to parent:(1,687)(343)

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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