Victory Clean Energy, Inc.: 10-Q filed 2022-11-14

Name: Victory Clean Energy, Inc.: 10-Q filed 2022-11-14
Creator: Victory Clean Energy, Inc.

What Victory Clean Energy, Inc. reported in its quarterly report filed 2022-11-14 (fiscal Q3 2022): 38 published measures, 106 facts as tagged in accession 0001213900-22-071813.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-11-14
Fiscal period: fiscal Q3 2022
Accession: 0001213900-22-071813 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 2022-09-30	784,911	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 2022-09-30	4,384,462	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
At 2022-09-30	-3,599,551	USD
At 2022-06-30	-3,456,504	USD
At 2021-12-31	-3,382,222	USD
At 2021-09-30	-3,506,462	USD
At 2021-06-30	-3,455,267	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 2022-09-30	101,153	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
2022-07-01 to 2022-09-30	-143,047	USD	92
2022-01-01 to 2022-09-30	-217,329	USD	273
2021-07-01 to 2021-09-30	-51,195	USD	92
2021-01-01 to 2021-09-30	-385,099	USD	273

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 2022-09-30	-62,797	USD	273
2021-01-01 to 2021-09-30	-516,300	USD	273

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	327,573	USD	92
2022-01-01 to 2022-09-30	1,218,485	USD	273
2021-07-01 to 2021-09-30	257,225	USD	92
2021-01-01 to 2021-09-30	619,492	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
2022-01-01 to 2022-09-30	182,035	USD	273
2021-01-01 to 2021-09-30	394,622	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
2022-01-01 to 2022-09-30	-70,993	USD	273
2021-01-01 to 2021-09-30	-32,998	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 2022-09-30	-99,133,427	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
2022-07-01 to 2022-09-30	28,037,713	shares	92
2022-01-01 to 2022-09-30	28,037,713	shares	273
2021-07-01 to 2021-09-30	28,037,713	shares	92
2021-01-01 to 2021-09-30	28,037,713	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
2022-07-01 to 2022-09-30	28,037,713	shares	92
2022-01-01 to 2022-09-30	28,037,713	shares	273
2021-07-01 to 2021-09-30	28,037,713	shares	92
2021-01-01 to 2021-09-30	28,037,713	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
2022-07-01 to 2022-09-30	-0.01	USD/shares	92
2022-01-01 to 2022-09-30	-0.01	USD/shares	273
2021-07-01 to 2021-09-30	0	USD/shares	92
2021-01-01 to 2021-09-30	-0.01	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
2022-07-01 to 2022-09-30	-0.01	USD/shares	92
2022-01-01 to 2022-09-30	-0.01	USD/shares	273
2021-07-01 to 2021-09-30	0	USD/shares	92
2021-01-01 to 2021-09-30	-0.01	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 2022-09-30	201,950	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
2022-07-01 to 2022-09-30	-187,921	USD	92
2022-01-01 to 2022-09-30	-348,118	USD	273
2021-07-01 to 2021-09-30	-203,530	USD	92
2021-01-01 to 2021-09-30	-515,148	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 2022-09-30	337,176	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
2022-07-01 to 2022-09-30	4,653	USD	92
2022-01-01 to 2022-09-30	24,738	USD	273
2021-07-01 to 2021-09-30	18,838	USD	92
2021-01-01 to 2021-09-30	42,464	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 2022-09-30	4,121,622	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 2022-09-30	113,911	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 2022-09-30	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 2022-09-30	100,636	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 2022-09-30	152,004	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
2022-07-01 to 2022-09-30	278,182	USD	92
2022-01-01 to 2022-09-30	865,377	USD	273
2021-07-01 to 2021-09-30	316,616	USD	92
2021-01-01 to 2021-09-30	778,390	USD	273

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 2022-09-30	39,810	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
2022-07-01 to 2022-09-30	90,261	USD	92
2022-01-01 to 2022-09-30	517,259	USD	273
2021-07-01 to 2021-09-30	113,086	USD	92
2021-01-01 to 2021-09-30	263,242	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
2022-07-01 to 2022-09-30	237,312	USD	92
2022-01-01 to 2022-09-30	701,226	USD	273
2021-07-01 to 2021-09-30	144,139	USD	92
2021-01-01 to 2021-09-30	356,250	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
2022-07-01 to 2022-09-30	272,699	USD	92
2022-01-01 to 2022-09-30	849,150	USD	273
2021-07-01 to 2021-09-30	311,490	USD	92
2021-01-01 to 2021-09-30	763,011	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 2022-09-30	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 2022-09-30	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 2022-09-30	835,731	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 2022-09-30	44,209	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 2022-09-30	112,247	USD	273
2021-01-01 to 2021-09-30	100,683	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
2022-07-01 to 2022-09-30	4,312	USD	92
2022-01-01 to 2022-09-30	12,939	USD	273
2021-07-01 to 2021-09-30	4,313	USD	92
2021-01-01 to 2021-09-30	12,939	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
2022-01-01 to 2022-09-30	24,738	USD	273
2021-01-01 to 2021-09-30	2,364	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
2022-01-01 to 2022-09-30	-1,379	USD	273
2021-01-01 to 2021-09-30	60,268	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
2022-01-01 to 2022-09-30	14,895	USD	273
2021-01-01 to 2021-09-30	21,752	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
2022-01-01 to 2022-09-30	13,157	USD	273
2021-01-01 to 2021-09-30	-59,959	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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