$PTCO
PetroGas Co

2022 Form 10-K Financial Statement

#000164033422001335 Filed on June 27, 2022

View on sec.gov

Income Statement

Concept 2022 2021 Q1 2021
Revenue $0.00 $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $140.0M $9.250K $26.71K
YoY Change 524176.6% -11.57% -77.64%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $140.0M $9.250K $26.71K
YoY Change 524117.7% -11.57% -77.63%
Operating Profit -$104.0M -$26.71K
YoY Change 389351.86%
Interest Expense $57.04K -$14.48K $89.83K
YoY Change -36.5% -43.22% -188.83%
% of Operating Profit
Other Income/Expense, Net $57.04K $89.83K
YoY Change -36.5%
Pretax Income -$140.1M -$23.73K -$116.5K
YoY Change 120108.79% -34.01% -47.12%
Income Tax
% Of Pretax Income
Net Earnings -$140.1M -$23.73K -$116.5K
YoY Change 120107.75% -34.01% -47.12%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$12.63M -$490.0K -$2.406M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 2021 Q1 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00
YoY Change
Cash & Equivalents $0.00 $0.00
Short-Term Investments
Other Short-Term Assets $0.00 $0.00
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $0.00 $0.00 $0.00
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $0.00 $0.00 $0.00
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $0.00 $0.00 $0.00
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.85K $16.10K $16.10K
YoY Change 10.87% -10.65%
Accrued Expenses $186.8K $129.8K $129.8K
YoY Change 43.95% 81.5%
Deferred Revenue
YoY Change
Short-Term Debt $320.00 $320.00 $320.00
YoY Change 0.0% 0.0%
Long-Term Debt Due $269.4K $227.7K $227.7K
YoY Change 18.3% 16.09%
Total Short-Term Liabilities $542.0K $451.7K $409.0K
YoY Change 32.52% 30.01%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $42.68K $42.68K
YoY Change -100.0% 0.0%
Other Long-Term Liabilities $83.58K $83.58K $83.58K
YoY Change 0.0% 0.0%
Total Long-Term Liabilities $83.58K $126.3K $126.3K
YoY Change -33.8% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $542.0K $451.7K $409.0K
Total Long-Term Liabilities $83.58K $126.3K $126.3K
Total Liabilities $625.6K $535.2K $535.2K
YoY Change 16.87% 21.41%
SHAREHOLDERS EQUITY
Retained Earnings -$2.008M
YoY Change
Common Stock $48.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$625.6K -$535.2K -$535.2K
YoY Change
Total Liabilities & Shareholders Equity $0.00 $0.00 $0.00
YoY Change

Cashflow Statement

Concept 2022 2021 Q1 2021
OPERATING ACTIVITIES
Net Income -$140.1M -$23.73K -$116.5K
YoY Change 120107.75% -34.01% -47.12%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$32.53K -$6.500K -$28.63K
YoY Change 13.62% 13.84% 1.25%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $32.53K 6.500K $28.63K
YoY Change 13.62% 13.84% 2.67%
NET CHANGE
Cash From Operating Activities -$32.53K -6.500K -$28.63K
Cash From Investing Activities $0.00 0.000 $0.00
Cash From Financing Activities $32.53K 6.500K $28.63K
Net Change In Cash $0.00 0.000 $0.00
YoY Change -100.0% -100.0%
FREE CASH FLOW
Cash From Operating Activities -$32.53K -$6.500K -$28.63K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. These estimates are reviewed periodically, and, as adjustments become necessary, they are reported in earnings in the period in which they become known. The estimates on depreciation were based on the estimated useful lives of the Company’s assets. Any estimates during the period have had an immaterial effect on earnings.</p>
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Files In Submission

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0001640334-22-001335-index-headers.html Edgar Link pending
0001640334-22-001335-index.html Edgar Link pending
0001640334-22-001335.txt Edgar Link pending
0001640334-22-001335-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
ptco-20220331.xsd Edgar Link pending
ptco-20220331_cal.xml Edgar Link unprocessable
ptco-20220331_def.xml Edgar Link unprocessable
ptco-20220331_lab.xml Edgar Link unprocessable
ptco-20220331_pre.xml Edgar Link unprocessable
ptco_10k.htm Edgar Link pending
ptco_10k_htm.xml Edgar Link completed
ptco_ex311.htm Edgar Link pending
ptco_ex321.htm Edgar Link pending
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