$VYEY
Victory Clean Energy Inc

2018 Q2 Form 10-Q Financial Statement

#000162828018006812 Filed on May 15, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2018 Q1 2017 Q1
Revenue $0.00 $0.00 $85.30K
YoY Change -100.0% -100.0% 29.26%
Cost Of Revenue $0.00
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $12.05M $430.0K $560.0K
YoY Change 2262.65% -23.21% 27.27%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $120.00 $193.00 $23.83K
YoY Change -99.7% -99.19% -49.23%
% of Gross Profit
Operating Expenses $12.05M $430.0K $560.0K
YoY Change 2262.65% -23.21% 14.29%
Operating Profit -$11.77M -$427.6K -$604.9K
YoY Change 2157.2% -29.31% 29.58%
Interest Expense $63.74K $58.32K $89.36K
YoY Change -35.37% -34.74% 169.24%
% of Operating Profit
Other Income/Expense, Net -$63.74K -$58.32K -$89.36K
YoY Change -35.37% -34.74% 180.53%
Pretax Income -$11.84M -$485.9K -$694.2K
YoY Change 1808.49% -30.01% 39.22%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$11.80M -$436.8K -$667.3K
YoY Change 1915.98% -34.54% 51.09%
Net Earnings / Revenue -782.25%
Basic Earnings Per Share
Diluted Earnings Per Share -$513.7K -$74.58K -$804.9K
COMMON SHARES
Basic Shares Outstanding 28.03M shares 6.146M shares 31.22M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.52K $20.32K $20.00K
YoY Change -32.96% 1.6% -33.33%
Cash & Equivalents $33.52K $20.32K $20.48K
Short-Term Investments
Other Short-Term Assets $91.23K $105.5K $10.00K
YoY Change 204.1% 954.7% 0.0%
Inventory
Prepaid Expenses $91.23K $105.5K $7.494K
Receivables $38.28K
Other Receivables $0.00
Total Short-Term Assets $124.8K $125.8K $66.25K
YoY Change 21.3% 89.86% -67.9%
LONG-TERM ASSETS
Property, Plant & Equipment $180.00 $300.00 $620.0K
YoY Change -99.97% -99.95% -17.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.750K $1.750K
YoY Change
Total Long-Term Assets $17.63M $17.63M $759.7K
YoY Change 2336.31% 2220.91% -3.82%
TOTAL ASSETS
Total Short-Term Assets $124.8K $125.8K $66.25K
Total Long-Term Assets $17.63M $17.63M $759.7K
Total Assets $17.76M $17.76M $826.0K
YoY Change 2048.27% 2049.97% -17.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $493.4K $480.9K $531.8K
YoY Change -13.54% -9.57% -68.81%
Accrued Expenses $413.6K $392.6K $405.4K
YoY Change 2.27% -3.16% 6.34%
Deferred Revenue
YoY Change
Short-Term Debt $572.0K $1.410M $580.0K
YoY Change 5.93% 143.14% -14.71%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.488M $2.293M $2.888M
YoY Change -47.76% -20.6% -24.84%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $40.00K
YoY Change -20.0%
Total Long-Term Liabilities $0.00 $0.00 $40.45K
YoY Change -100.0% -100.0% -16.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.488M $2.293M $2.888M
Total Long-Term Liabilities $0.00 $0.00 $40.45K
Total Liabilities $1.488M $2.293M $2.928M
YoY Change -48.5% -21.7% -24.73%
SHAREHOLDERS EQUITY
Retained Earnings -$79.10M -$67.30M -$46.81M
YoY Change 66.9% 43.77% 4.64%
Common Stock $95.61M $82.76M $36.16M
YoY Change 164.37% 128.89% 1.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.27M $15.46M -$10.65M
YoY Change
Total Liabilities & Shareholders Equity $17.76M $17.76M $826.0K
YoY Change 2048.27% 2049.97% -17.1%

Cashflow Statement

Concept 2018 Q2 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income -$11.80M -$436.8K -$667.3K
YoY Change 1915.98% -34.54% 51.09%
Depreciation, Depletion And Amortization $120.00 $193.00 $23.83K
YoY Change -99.7% -99.19% -49.23%
Cash From Operating Activities -$392.9K -$449.8K -$817.0K
YoY Change -21.42% -44.94% 216.82%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 406.1K $445.7K $781.0K
YoY Change -23.38% -42.93% 158.61%
NET CHANGE
Cash From Operating Activities -392.9K -$449.8K -$817.0K
Cash From Investing Activities $0.00
Cash From Financing Activities 406.1K $445.7K $781.0K
Net Change In Cash 13.20K -$4.059K -$35.98K
YoY Change -56.0% -88.72% -240.06%
FREE CASH FLOW
Cash From Operating Activities -$392.9K -$449.8K -$817.0K
Capital Expenditures $0.00
Free Cash Flow -$817.0K
YoY Change 243.46%

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<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;font-style:italic;font-weight:bold;">Other Property and Equipment:</font></div><div style="line-height:120%;text-align:justify;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;">Our office equipment in Austin, Texas is being depreciated on the straight-line method over the estimated useful life of&#160;</font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">&#160;to&#160;</font><font style="font-family:inherit;font-size:10pt;">seven</font><font style="font-family:inherit;font-size:10pt;">&#160;years.</font></div></div>
CY2018Q1 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;font-style:italic;font-weight:bold;">Use of Estimates:</font></div><div style="line-height:120%;text-align:justify;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 financial statements in conformity with GAAP requires 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 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, taxes, accruals of capitalized costs, operating costs, general and administrative costs, interest, various common stock, warrants and option transactions, and loss contingencies.</font></div></div>

Files In Submission

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0001628280-18-006812-index-headers.html Edgar Link pending
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