Victory Clean Energy, Inc.: 10-Q filed 2022-08-15
What Victory Clean Energy, Inc. reported in its quarterly report filed 2022-08-15 (fiscal Q2 2022): 38 published measures, 106 facts as tagged in accession 0001213900-22-047665.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2022-08-15
- Fiscal period
- fiscal Q2 2022
- Accession
- 0001213900-22-047665 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 2022-06-30 | 965,090 | USD | |
| At 2021-12-31 | 764,406 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 4,421,593 | USD | |
| At 2021-12-31 | 4,146,628 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | -3,456,503 | USD | |
| At 2022-03-31 | -3,463,480 | USD | |
| At 2021-12-31 | -3,382,222 | USD | |
| At 2021-06-30 | -3,455,268 | USD | |
| At 2021-03-31 | -3,266,017 | USD | |
| At 2020-12-31 | -3,121,363 | 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 | Days |
|---|---|---|---|
| At 2022-06-30 | 30,067 | USD | |
| At 2021-12-31 | 52,908 | USD |
Net income or loss
Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 6,977 | USD | 91 |
| 2022-01-01 to 2022-06-30 | -74,281 | USD | 181 |
| 2021-04-01 to 2021-06-30 | -189,251 | USD | 91 |
| 2021-01-01 to 2021-06-30 | -333,905 | USD | 181 |
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 |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | -125,286 | USD | 181 |
| 2021-01-01 to 2021-06-30 | -319,957 | USD | 181 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 557,793 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 890,911 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 205,895 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 362,267 | USD | 181 |
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 |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | 173,438 | USD | 181 |
| 2021-01-01 to 2021-06-30 | 319,623 | USD | 181 |
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 |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | -70,993 | USD | 181 |
| 2021-01-01 to 2021-06-30 | -32,998 | USD | 181 |
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 2022-06-30 | -98,990,379 | USD | |
| At 2021-12-31 | -98,916,098 | 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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 28,073,713 | shares | 91 |
| 2022-01-01 to 2022-06-30 | 28,073,713 | shares | 181 |
| 2021-04-01 to 2021-06-30 | 28,073,713 | shares | 91 |
| 2021-01-01 to 2021-06-30 | 28,073,713 | shares | 181 |
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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 39,941,221 | shares | 91 |
| 2022-01-01 to 2022-06-30 | 28,037,713 | shares | 181 |
| 2021-04-01 to 2021-06-30 | 28,073,713 | shares | 91 |
| 2021-01-01 to 2021-06-30 | 28,073,713 | shares | 181 |
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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 0 | USD/shares | 91 |
| 2022-01-01 to 2022-06-30 | 0 | USD/shares | 181 |
| 2021-04-01 to 2021-06-30 | -0.01 | USD/shares | 91 |
| 2021-01-01 to 2021-06-30 | -0.01 | USD/shares | 181 |
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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 0 | USD/shares | 91 |
| 2022-01-01 to 2022-06-30 | 0 | USD/shares | 181 |
| 2021-04-01 to 2021-06-30 | -0.01 | USD/shares | 91 |
| 2021-01-01 to 2021-06-30 | -0.01 | USD/shares | 181 |
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 2022-06-30 | 241,557 | USD | |
| At 2021-12-31 | 243,205 | USD |
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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | -89,506 | USD | 91 |
| 2022-01-01 to 2022-06-30 | -160,198 | USD | 181 |
| 2021-04-01 to 2021-06-30 | -179,255 | USD | 91 |
| 2021-01-01 to 2021-06-30 | -311,619 | USD | 181 |
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 2022-06-30 | 473,435 | USD | |
| At 2021-12-31 | 262,477 | 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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 9,517 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 20,083 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 11,336 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 23,626 | USD | 181 |
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 2022-06-30 | 4,157,340 | USD | |
| At 2021-12-31 | 3,906,778 | 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 2022-06-30 | 142,755 | USD | |
| At 2021-12-31 | 100,754 | 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 2022-06-30 | 145,149 | USD | |
| At 2021-12-31 | 145,149 | 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 2022-06-30 | 104,949 | USD | |
| At 2021-12-31 | 113,575 | 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 2022-06-30 | 338,027 | USD | |
| At 2021-12-31 | 153,383 | USD |
Operating expenses
Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 354,613 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 587,195 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 266,666 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 461,775 | USD | 181 |
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 2022-06-30 | 22,181 | USD | |
| At 2021-12-31 | 24,915 | 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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 265,107 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 426,997 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 87,411 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 150,156 | USD | 181 |
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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 292,686 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 463,914 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 118,484 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 212,111 | USD | 181 |
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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 349,130 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 576,451 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 261,540 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 451,523 | USD | 181 |
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 2022-06-30 | 28,037,713 | shares | |
| At 2021-12-31 | 28,037,713 | 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 2022-06-30 | 95,750,830 | USD | |
| At 2021-12-31 | 95,750,830 | 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 2022-06-30 | 835,732 | USD | |
| At 2021-12-31 | 764,739 | 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 2022-06-30 | 83,160 | USD | |
| At 2021-12-31 | 31,271 | USD |
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 |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | 72,641 | USD | 181 |
| 2021-01-01 to 2021-06-30 | 67,122 | USD | 181 |
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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 4,313 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 8,626 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 4,312 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 8,625 | USD | 181 |
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 |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | 5,675 | USD | 181 |
| 2021-01-01 to 2021-06-30 | 1,526 | USD | 181 |
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 |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | 184,644 | USD | 181 |
| 2021-01-01 to 2021-06-30 | 77,212 | USD | 181 |
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 |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | -2,734 | USD | 181 |
| 2021-01-01 to 2021-06-30 | 17,211 | USD | 181 |
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 |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | 42,001 | USD | 181 |
| 2021-01-01 to 2021-06-30 | -25,726 | USD | 181 |
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
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print(record["fetched_at"])
print(record["policy"])
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