NXT Energy Solutions Inc.: 20-F filed 2021-05-03

Name: NXT Energy Solutions Inc.: 20-F filed 2021-05-03
Creator: NXT Energy Solutions Inc.

What NXT Energy Solutions Inc. reported in its annual report (foreign private issuer) filed 2021-05-03 (fiscal FY 2020): 39 published measures, 104 facts as tagged in accession 0001654954-21-004988.

This filing

Form: 20-F (annual report (foreign private issuer))
Filed: 2021-05-03
Fiscal period: fiscal FY 2020
Accession: 0001654954-21-004988 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 NXT Energy Solutions 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 2020-12-31	24,009,137	CAD
At 2019-12-31	30,692,941	CAD

Total liabilities

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

Period	Value	Unit	Days
At 2020-12-31	3,260,528	CAD
At 2019-12-31	4,007,939	CAD

Stockholders equity

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

Period	Value	Unit
At 2020-12-31	20,748,609	CAD
At 2019-12-31	26,685,002	CAD
At 2018-12-31	24,211,469	CAD
At 2017-12-31	21,577,409	CAD

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 2020-12-31	2,690,146	CAD
At 2019-12-31	2,858,245	CAD
At 2018-12-31	339,532	CAD
At 2017-12-31	166,618	CAD

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
2020-01-01 to 2020-12-31	-5,999,675	CAD	366
2019-01-01 to 2019-12-31	3,772,908	CAD	365
2018-01-01 to 2018-12-31	-6,968,511	CAD	365

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
2020-01-01 to 2020-12-31	-3,452,925	CAD	366
2019-01-01 to 2019-12-31	4,052,406	CAD	365
2018-01-01 to 2018-12-31	-6,068,831	CAD	365

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2020-01-01 to 2020-12-31	0	CAD	366
2019-01-01 to 2019-12-31	216,691	CAD	365
2018-01-01 to 2018-12-31	10,006	CAD	365

Revenue

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

Period	Value	Unit	Days
2020-01-01 to 2020-12-31	136,566	CAD	366
2019-01-01 to 2019-12-31	11,976,149	CAD	365
2018-01-01 to 2018-12-31	0	CAD	365

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
2020-01-01 to 2020-12-31	-34,923	CAD	366
2019-01-01 to 2019-12-31	-1,385,787	CAD	365
2018-01-01 to 2018-12-31	9,176,839	CAD	365

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
2020-01-01 to 2020-12-31	3,436,691	CAD	366
2019-01-01 to 2019-12-31	-173,927	CAD	365
2018-01-01 to 2018-12-31	-2,960,006	CAD	365

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 2020-12-31	-83,934,230	CAD
At 2019-12-31	-77,934,555	CAD

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
2020-01-01 to 2020-12-31	64,409,170	shares	366
2019-01-01 to 2019-12-31	68,156,059	shares	365
2018-01-01 to 2018-12-31	65,455,325	shares	365

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
2020-01-01 to 2020-12-31	64,409,170	shares	366
2019-01-01 to 2019-12-31	68,156,059	shares	365
2018-01-01 to 2018-12-31	65,455,325	shares	365

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
2020-01-01 to 2020-12-31	-0.09	CAD/shares	366
2019-01-01 to 2019-12-31	0.06	CAD/shares	365
2018-01-01 to 2018-12-31	-0.11	CAD/shares	365

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
2020-01-01 to 2020-12-31	-0.09	CAD/shares	366
2019-01-01 to 2019-12-31	0.06	CAD/shares	365
2018-01-01 to 2018-12-31	-0.11	CAD/shares	365

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Unit	Days
2020-01-01 to 2020-12-31	CAD	366
2019-01-01 to 2019-12-31	CAD	365
2018-01-01 to 2018-12-31	CAD	365

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 2020-12-31	707,326	CAD
At 2019-12-31	677,647	CAD

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
2020-01-01 to 2020-12-31	168,416	CAD	366
2019-01-01 to 2019-12-31	43,809	CAD	365
2018-01-01 to 2018-12-31	386,154	CAD	365

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 2020-12-31	4,074,487	CAD
At 2019-12-31	8,445,904	CAD

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 2020-12-31	1,341,510	CAD
At 2019-12-31	1,316,722	CAD

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 2020-12-31	16,285,333	CAD
At 2019-12-31	17,970,067	CAD

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 2020-12-31	965,548	CAD
At 2019-12-31	1,384,315	CAD

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
2020-01-01 to 2020-12-31	6,213,403	CAD	366
2019-01-01 to 2019-12-31	7,933,861	CAD	365
2018-01-01 to 2018-12-31	7,279,456	CAD	365

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 2020-12-31	9,355,716	CAD
At 2019-12-31	9,306,493	CAD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2020-12-31	2,415,430	CAD
At 2019-12-31	3,063,769	CAD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2020-12-31	2,669,742	CAD
At 2019-12-31	3,406,144	CAD

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 2020-12-31	3,770,674	CAD
At 2019-12-31	3,651,209	CAD

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 2020-12-31	3,063,348	CAD
At 2019-12-31	2,973,562	CAD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2020-12-31	375,937	CAD
At 2019-12-31	418,164	CAD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

Period	Value	Unit	Days
At 2020-12-31	127,507	CAD
At 2019-12-31	131,386	CAD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit
At 2020-12-31	7,886,253	CAD
At 2019-12-31	6,647,315	CAD
At 2018-12-31	8,703,591	CAD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2020-01-01 to 2020-12-31	-5,999,675	CAD	366
2019-01-01 to 2019-12-31	3,772,908	CAD	365
2018-01-01 to 2018-12-31	-6,968,511	CAD	365

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

Period	Value	Unit	Days
2020-01-01 to 2020-12-31	-5,999,675	CAD	366
2019-01-01 to 2019-12-31	3,772,908	CAD	365
2018-01-01 to 2018-12-31	-6,968,511	CAD	365

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2020-01-01 to 2020-12-31	3,341,010	CAD	366
2019-01-01 to 2019-12-31	3,541,594	CAD	365
2018-01-01 to 2018-12-31	4,385,243	CAD	365

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
2020-01-01 to 2020-12-31	77,162	CAD	366
2019-01-01 to 2019-12-31	-269,380	CAD	365
2018-01-01 to 2018-12-31	310,945	CAD	365

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
2020-01-01 to 2020-12-31	21,422	CAD	366
2019-01-01 to 2019-12-31	16,724	CAD	365
2018-01-01 to 2018-12-31	58,889	CAD	365

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Unit	Days
2020-01-01 to 2020-12-31	CAD	366
2019-01-01 to 2019-12-31	CAD	365
2018-01-01 to 2018-12-31	CAD	365

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2020-01-01 to 2020-12-31	7,592	CAD	366
2019-01-01 to 2019-12-31	0	CAD	365
2018-01-01 to 2018-12-31	0	CAD	365

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
2020-01-01 to 2020-12-31	406,114	CAD	366
2019-01-01 to 2019-12-31	-1,339,408	CAD	365
2018-01-01 to 2018-12-31	-1,252	CAD	365

Inspect the source

Entity: NXT Energy Solutions Inc. / CIK 0001009922
Captured: 2026-09-20T05:12:15.542Z
SEC response SHA-256: 901d4fbd4041b39d8003f86cd35e75698f4b71ca76f5d9c306916d09f42ea4ca

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print(record["policy"])
for concept in record["concepts"]:
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