$VYEY
Victory Clean Energy Inc

2015 Q1 Form 10-Q Financial Statement

#000162828015004774 Filed on June 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $128.6K $195.0K
YoY Change -34.06% 116.65%
Cost Of Revenue $40.00K $70.00K
YoY Change -42.86% 133.33%
Gross Profit $90.00K $120.0K
YoY Change -25.0% 100.0%
Gross Profit Margin 70.0% 61.54%
Selling, General & Admin $1.640M $480.0K
YoY Change 241.67% 0.0%
% of Gross Profit 1822.22% 400.0%
Research & Development $0.00 $0.00
YoY Change -100.0%
% of Gross Profit 0.0% 0.0%
Depreciation & Amortization $75.20K $78.03K
YoY Change -3.63% 290.16%
% of Gross Profit 83.55% 65.03%
Operating Expenses $1.720M $570.0K
YoY Change 201.75% 9.62%
Operating Profit -$1.641M -$441.3K
YoY Change 271.93% -4.07%
Interest Expense $18.71K $8.785K
YoY Change 112.93%
% of Operating Profit
Other Income/Expense, Net -$17.21K -$4.886K
YoY Change 252.17%
Pretax Income -$1.658M -$446.1K
YoY Change 271.72% -0.86%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.547M -$435.3K
YoY Change 255.29% 6.17%
Net Earnings / Revenue -1202.92% -223.25%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.013M -$602.7K
COMMON SHARES
Basic Shares Outstanding 29.20M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $180.0K $200.0K
YoY Change -10.0% 900.0%
Cash & Equivalents $176.5K $198.5K
Short-Term Investments
Other Short-Term Assets $10.00K $110.0K
YoY Change -90.91% 10.0%
Inventory
Prepaid Expenses $14.32K
Receivables $32.41K $150.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $348.3K $460.0K
YoY Change -24.28% 100.0%
LONG-TERM ASSETS
Property, Plant & Equipment $2.010M $2.640M
YoY Change -23.86% 23.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $80.00K $120.0K
YoY Change -33.33%
Total Long-Term Assets $2.092M $2.760M
YoY Change -24.2% 29.58%
TOTAL ASSETS
Total Short-Term Assets $348.3K $460.0K
Total Long-Term Assets $2.092M $2.760M
Total Assets $2.440M $3.220M
YoY Change -24.21% 36.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.931M $370.0K
YoY Change 421.85% 76.19%
Accrued Expenses $228.5K $200.0K
YoY Change 14.27% 5.26%
Deferred Revenue
YoY Change
Short-Term Debt $1.050M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.513M $580.0K
YoY Change 505.77% 41.46%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $870.0K
YoY Change -100.0%
Other Long-Term Liabilities $30.00K $60.00K
YoY Change -50.0% 20.0%
Total Long-Term Liabilities $32.16K $930.0K
YoY Change -96.54% 1760.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.513M $580.0K
Total Long-Term Liabilities $32.16K $930.0K
Total Liabilities $3.546M $6.130M
YoY Change -42.16% 69.81%
SHAREHOLDERS EQUITY
Retained Earnings -$41.66M
YoY Change
Common Stock $35.10M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$6.558M -$2.910M
YoY Change
Total Liabilities & Shareholders Equity $2.440M $3.220M
YoY Change -24.21% 36.44%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$1.547M -$435.3K
YoY Change 255.29% 6.17%
Depreciation, Depletion And Amortization $75.20K $78.03K
YoY Change -3.63% 290.16%
Cash From Operating Activities -$1.604M -$403.3K
YoY Change 297.65% 61.33%
INVESTING ACTIVITIES
Capital Expenditures -$150.0K -$460.0K
YoY Change -67.39% -31.34%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$20.00K
YoY Change -100.0%
Cash From Investing Activities -$147.6K -$484.5K
YoY Change -69.55% -27.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.925M $1.066M
YoY Change 80.66% 36.61%
NET CHANGE
Cash From Operating Activities -$1.604M -$403.3K
Cash From Investing Activities -$147.6K -$484.5K
Cash From Financing Activities $1.925M $1.066M
Net Change In Cash $173.6K $177.7K
YoY Change -2.29% -226.89%
FREE CASH FLOW
Cash From Operating Activities -$1.604M -$403.3K
Capital Expenditures -$150.0K -$460.0K
Free Cash Flow -$1.454M $56.67K
YoY Change -2665.57% -86.51%

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RestrictedStockInExchangeForServices
0 USD
CY2015Q1 vyey Restricted Stock In Exchange For Services
RestrictedStockInExchangeForServices
58900 USD
CY2015Q1 vyey Warrant Granted
WarrantGranted
286075 USD
CY2015Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Use of Estimates:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of our condensed consolidated financial statements in conformity with U.S. GAAP requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates are used primarily when accounting for depreciation, depletion, and amortization (&#8220;DD&amp;A&#8221;) expense, property costs, estimated future net cash flows from proved reserves, cost to abandon oil and natural gas properties, taxes, accruals of capitalized costs, operating costs and production revenue, general and administrative costs and interest, exploration expense, the purchase price allocation on properties acquired, various common stock, warrants and option transactions, and contingencies.</font></div></div>

Files In Submission

Name View Source Status
0001628280-15-004774-index-headers.html Edgar Link pending
0001628280-15-004774-index.html Edgar Link pending
0001628280-15-004774.txt Edgar Link pending
0001628280-15-004774-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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vyey-20150331.xml Edgar Link completed
vyey-20150331.xsd Edgar Link pending
vyey-20150331_cal.xml Edgar Link unprocessable
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