Victory Clean Energy, Inc.: 10-Q filed 2018-11-14

Name: Victory Clean Energy, Inc.: 10-Q filed 2018-11-14
Creator: Victory Clean Energy, Inc.

What Victory Clean Energy, Inc. reported in its quarterly report filed 2018-11-14 (fiscal Q3 2018): 41 published measures, 100 facts as tagged in accession 0001213900-18-015596.

This filing

Form: 10-Q (quarterly report)
Filed: 2018-11-14
Fiscal period: fiscal Q3 2018
Accession: 0001213900-18-015596 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Victory Clean Energy, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2018-09-30	19,051,830	USD
At 2017-12-31	17,768,839	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2018-09-30	3,203,195	USD
At 2017-12-31	1,870,934	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2018-09-30	15,848,635	USD
At 2017-12-31	15,897,905	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2018-09-30	-11,225,535	USD
At 2017-12-31	24,383	USD
At 2017-09-30	10,630	USD
At 2016-12-31	56,456	USD

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	-11,441,009	USD	273
2017-01-01 to 2017-09-30	-1,468,587	USD	273

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	1,023,129	USD	273
2017-01-01 to 2017-09-30	1,419,500	USD	273

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	-832,039	USD	273
2017-01-01 to 2017-09-30	3,261	USD	273

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2018-09-30	-79,556,969	USD
At 2017-12-31	-66,861,036	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	28,034,087	shares	92
2018-01-01 to 2018-09-30	19,017,292	shares	273
2017-07-01 to 2017-09-30	821,588	shares	92
2017-01-01 to 2017-09-30	821,588	shares	273

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	28,034,087	shares	92
2018-01-01 to 2018-09-30	19,017,292	shares	273
2017-07-01 to 2017-09-30	821,588	shares	92
2017-01-01 to 2017-09-30	821,588	shares	273

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	-0.02	USD/shares	92
2018-01-01 to 2018-09-30	-0.67	USD/shares	273
2017-07-01 to 2017-09-30	-0.74	USD/shares	92
2017-01-01 to 2017-09-30	-2.29	USD/shares	273

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	-0.02	USD/shares	92
2018-01-01 to 2018-09-30	-0.67	USD/shares	273
2017-07-01 to 2017-09-30	-0.74	USD/shares	92
2017-01-01 to 2017-09-30	-2.29	USD/shares	273

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2018-09-30	792,180	USD
At 2017-12-31	489	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	108,350	USD	273
2017-01-01 to 2017-09-30	236,221	USD	273

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	-583,976	USD	92
2018-01-01 to 2018-09-30	-12,633,500	USD	273
2017-07-01 to 2017-09-30	-512,097	USD	92
2017-01-01 to 2017-09-30	-1,583,200	USD	273

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2018-09-30	582,389	USD
At 2017-12-31	136,600	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	67,402	USD	92
2018-01-01 to 2018-09-30	189,462	USD	273
2017-07-01 to 2017-09-30	106,742	USD	92
2017-01-01 to 2017-09-30	294,733	USD	273

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2018-09-30	2,688,080	USD
At 2017-12-31	1,870,934	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2018-09-30	688,621	USD
At 2017-12-31	590,870	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2018-09-30	117,534	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2018-09-30	17,557,977	USD
At 2017-12-31	17,630,000	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2018-09-30	362,034	USD

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2018-09-30	61,328	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	183,714	USD	92
2018-01-01 to 2018-09-30	183,714	USD	273

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	215,286	USD	92
2018-01-01 to 2018-09-30	215,286	USD	273

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	767,689	USD	92
2018-01-01 to 2018-09-30	12,817,214	USD	273
2017-07-01 to 2017-09-30	512,097	USD	92
2017-01-01 to 2017-09-30	1,583,200	USD	273

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2018-09-30	28,037,713	shares
At 2017-12-31	5,206,174	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2018-09-30	95,622,557	USD
At 2017-12-31	87,552,737	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2018-09-30	862,982	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2018-09-30	70,803	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2018-09-30	102,961	USD
At 2017-12-31	112,217	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	-609,795	USD	92
2018-01-01 to 2018-09-30	-12,695,933	USD	273
2017-07-01 to 2017-09-30	-605,128	USD	92
2017-01-01 to 2017-09-30	-1,883,477	USD	273

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	-609,795	USD	92
2018-01-01 to 2018-09-30	-12,695,933	USD	273
2017-07-01 to 2017-09-30	-605,128	USD	92
2017-01-01 to 2017-09-30	-1,883,477	USD	273

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	27,358	USD	92
2018-01-01 to 2018-09-30	27,670	USD	273
2017-07-01 to 2017-09-30	1,461	USD	92
2017-01-01 to 2017-09-30	10,779	USD	273

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	27,670	USD	273
2017-01-01 to 2017-09-30	78,234	USD	273

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	244,542	USD	92
2018-01-01 to 2018-09-30	244,542	USD	273

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	-67,402	USD	92
2018-01-01 to 2018-09-30	-189,462	USD	273
2017-07-01 to 2017-09-30	-106,742	USD	92
2017-01-01 to 2017-09-30	-294,733	USD	273

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	13,250	USD	273
2017-01-01 to 2017-09-30	20,469	USD	273

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	97,956	USD	273
2017-01-01 to 2017-09-30	-6,624	USD	273

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	6,964	USD	273

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	50,966	USD	273
2017-01-01 to 2017-09-30	151,736	USD	273

Inspect the source

Entity: Victory Clean Energy, Inc. / CIK 0000700764
Captured: 2026-09-21T17:16:36.281Z
SEC response SHA-256: 68dd62cfddc4a08531e50e7a1f459dc2e4a0587c7aacc4d092d3a1809da885fe

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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