$PTCO
PetroGas Co

2022 Q3 Form 10-Q Financial Statement

#000164033422001627 Filed on August 01, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.800K $14.90K $35.01M
YoY Change -100.0% 51.42% 378378.38%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $4.800K $14.90K $35.01M
YoY Change -100.0% 51.5% 378378.38%
Operating Profit -$4.800K -$14.90K
YoY Change -100.0% 51.5%
Interest Expense $14.78K $14.62K -$14.46K
YoY Change -199.04% 13.51% -0.14%
% of Operating Profit
Other Income/Expense, Net $14.78K $14.62K
YoY Change -0.93% 13.51%
Pretax Income -$19.58K -$29.52K -$35.02M
YoY Change -99.98% 29.99% 147492.54%
Income Tax
% Of Pretax Income
Net Earnings -$19.58K -$29.52K -$35.02M
YoY Change -99.98% 29.96% 147492.54%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$930.20 -$1.402K -$1.678M
COMMON SHARES
Basic Shares Outstanding 21.05M shares 21.05M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00
YoY Change
Cash & Equivalents $0.00 $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 $12.97K $16.15K $17.85K
YoY Change -10.67% 17.97% 10.87%
Accrued Expenses $216.2K $201.4K $186.8K
YoY Change 37.22% 41.21% 43.95%
Deferred Revenue
YoY Change
Short-Term Debt $320.00 $320.00 $320.00
YoY Change 0.0% 0.0% 0.0%
Long-Term Debt Due $269.4K $269.4K $269.4K
YoY Change 18.3% 18.3% 18.3%
Total Short-Term Liabilities $591.1K $571.5K $542.0K
YoY Change 29.54% 32.39% 20.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Long-Term Liabilities $83.58K $83.58K $83.58K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Liabilities $83.58K $83.58K $83.58K
YoY Change -33.8% -33.8% -33.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $591.1K $571.5K $542.0K
Total Long-Term Liabilities $83.58K $83.58K $83.58K
Total Liabilities $674.6K $655.1K $625.5K
YoY Change 15.81% 17.41% 16.87%
SHAREHOLDERS EQUITY
Retained Earnings -$142.1M -$142.1M -$142.1M
YoY Change 32.78% 6900.01% 6977.72%
Common Stock $21.05K $21.05K $21.05K
YoY Change 43750.0% 43750.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$674.6K -$655.1K -$625.5K
YoY Change
Total Liabilities & Shareholders Equity $0.00 $0.00 $0.00
YoY Change

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$19.58K -$29.52K -$35.02M
YoY Change -99.98% 29.96% 147492.54%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$7.980K -$16.60K -$6.200K
YoY Change -9.63% 35.51% -4.62%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $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 7.980K $16.60K 6.200K
YoY Change -9.63% 35.51% -4.62%
NET CHANGE
Cash From Operating Activities -7.980K -$16.60K -6.200K
Cash From Investing Activities $0.00 0.000
Cash From Financing Activities 7.980K $16.60K 6.200K
Net Change In Cash 0.000 $0.00 0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$7.980K -$16.60K -$6.200K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q2 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2014-01-24
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
21048440 shares
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
0 usd
CY2022Q2 ptco Total
Total
83580 usd
CY2022Q1 ptco Total
Total
83580 usd
CY2022Q2 dei Entity Central Index Key
EntityCentralIndexKey
0001609258
CY2022Q2 dei Amendment Flag
AmendmentFlag
false
CY2022Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
CY2022Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
0 usd
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21048440 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21048440 shares
CY2022Q2 dei Document Type
DocumentType
10-Q
CY2022Q2 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q2 dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
CY2022Q2 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q2 dei Entity File Number
EntityFileNumber
333-196409
CY2022Q2 dei Entity Registrant Name
EntityRegistrantName
PETROGAS COMPANY
CY2022Q2 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
CY2022Q2 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
98-1153516
CY2022Q2 dei Entity Address Address Line1
EntityAddressAddressLine1
2800 Post Oak Boulevard
CY2022Q2 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 4100
CY2022Q2 dei Entity Address City Or Town
EntityAddressCityOrTown
Houston
CY2022Q2 dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
CY2022Q2 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
77056
CY2022Q2 dei City Area Code
CityAreaCode
832
CY2022Q2 dei Local Phone Number
LocalPhoneNumber
899-8597
CY2022Q2 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q2 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q2 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022Q2 dei Entity Small Business
EntitySmallBusiness
true
CY2022Q2 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2022Q2 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2022Q2 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 us-gaap Administrative Fees Expense
AdministrativeFeesExpense
0 usd
CY2021Q2 us-gaap Administrative Fees Expense
AdministrativeFeesExpense
1375 usd
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21048440 shares
CY2021Q2 us-gaap Other Expenses
OtherExpenses
12876 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-22711 usd
CY2022Q2 ptco Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
-0.00
CY2021Q2 ptco Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
-0.47
CY2022Q2 ptco Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
21048440 shares
CY2021Q2 ptco Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
48431 shares
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-557944 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-29516 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-22711 usd
CY2022Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1700 usd
CY2021Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2415 usd
CY2022Q2 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
14616 usd
CY2021Q2 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
12876 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-16600 usd
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12250 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
CY2022Q2 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
16600 usd
CY2021Q2 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
12250 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16600 usd
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12250 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
0 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
0 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 usd
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 usd
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2021Q2 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2022Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2021Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022Q2 ptco Asset Retirement Obligations Estimated Asset Life
AssetRetirementObligationsEstimatedAssetLife
P20Y
CY2022Q2 ptco Asset Retirement Obligations Credit Adjusted Risk Free Interest Rate
AssetRetirementObligationsCreditAdjustedRiskFreeInterestRate
0.18 pure
CY2022Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
83580 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2022Q2 us-gaap Use Of Estimates
UseOfEstimates
<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>
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
84174 usd
CY2022Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
67574 usd
CY2022Q2 ptco Asset Retirement Obligations Inflation Rate
AssetRetirementObligationsInflationRate
0.03 pure
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q2 ptco Reverse Stock Split Description
ReverseStockSplitDescription
common stock on a basis of up to eighty (80) old shares for one (1) new share of common stock
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21048440 shares
us-gaap Officers Compensation
OfficersCompensation
105000000 usd
CY2022Q2 us-gaap Revenues
Revenues
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CY2021Q2 us-gaap Revenues
Revenues
0 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-29516 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
14616 usd
CY2022Q2 us-gaap Other Expenses
OtherExpenses
14616 usd

Files In Submission

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0001640334-22-001627-index-headers.html Edgar Link pending
0001640334-22-001627-index.html Edgar Link pending
0001640334-22-001627.txt Edgar Link pending
0001640334-22-001627-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
ptco-20220630.xsd Edgar Link pending
ptco-20220630_cal.xml Edgar Link unprocessable
ptco-20220630_def.xml Edgar Link unprocessable
ptco-20220630_lab.xml Edgar Link unprocessable
ptco-20220630_pre.xml Edgar Link unprocessable
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ptco_10q_htm.xml Edgar Link completed
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