Petrogress, Inc.: 10-Q filed 2022-01-25

Name: Petrogress, Inc.: 10-Q filed 2022-01-25
Creator: Petrogress, Inc.

What Petrogress, Inc. reported in its quarterly report filed 2022-01-25 (fiscal Q3 2021): 43 published measures, 125 facts as tagged in accession 0001437749-22-001533.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-01-25
Fiscal period: fiscal Q3 2021
Accession: 0001437749-22-001533 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 Petrogress, 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 2021-09-30	8,146,623	USD
At 2020-12-31	10,081,384	USD

Total liabilities

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

Period	Value	Unit	Days
At 2021-09-30	4,375,298	USD
At 2020-12-31	3,765,690	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2021-09-30	3,771,325	USD
At 2020-12-31	6,315,694	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 2021-09-30	17,774	USD
At 2020-12-31	276,035	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
2021-07-01 to 2021-09-30	-1,602,993	USD	92
2021-01-01 to 2021-09-30	-2,998,300	USD	273
2020-07-01 to 2020-09-30	458,892	USD	92
2020-01-01 to 2020-09-30	-2,618,340	USD	274

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
2021-01-01 to 2021-09-30	-260,896	USD	273
2020-01-01 to 2020-09-30	794,469	USD	274

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
2021-01-01 to 2021-09-30	0	USD	273
2020-01-01 to 2020-09-30	60,113	USD	274

Revenue

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

Period	Value	Unit	Days
2021-07-01 to 2021-09-30	860,000	USD	92
2021-01-01 to 2021-09-30	2,319,118	USD	273
2020-07-01 to 2020-09-30	788,181	USD	92
2020-01-01 to 2020-09-30	2,554,962	USD	274

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
2021-01-01 to 2021-09-30	16,052	USD	273
2020-01-01 to 2020-09-30	0	USD	274

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
2021-01-01 to 2021-09-30	-13,417	USD	273
2020-01-01 to 2020-09-30	-932,824	USD	274

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 2021-09-30	-7,128,959	USD
At 2020-12-31	-4,275,702	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
2021-07-01 to 2021-09-30	35,173,965	shares	92
2021-01-01 to 2021-09-30	35,173,965	shares	273
2020-07-01 to 2020-09-30	9,803,712	shares	92
2020-01-01 to 2020-09-30	9,803,712	shares	274

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	Unit	Days
2021-07-01 to 2021-09-30	shares	92
2021-01-01 to 2021-09-30	shares	273
2020-07-01 to 2020-09-30	shares	92
2020-01-01 to 2020-09-30	shares	274

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
2021-07-01 to 2021-09-30	-0.05	USD/shares	92
2021-01-01 to 2021-09-30	-0.08	USD/shares	273
2020-07-01 to 2020-09-30	0.05	USD/shares	92
2020-01-01 to 2020-09-30	-0.27	USD/shares	274

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	Unit	Days
2021-07-01 to 2021-09-30	USD/shares	92
2021-01-01 to 2021-09-30	USD/shares	273
2020-07-01 to 2020-09-30	USD/shares	92
2020-01-01 to 2020-09-30	USD/shares	274

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	Value	Unit	Days
2021-01-01 to 2021-09-30	0	USD	273
2020-01-01 to 2020-09-30	0	USD	274

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 2021-09-30	3,228,857	USD
At 2020-12-31	3,829,714	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
2021-01-01 to 2021-09-30	0	USD	273
2020-01-01 to 2020-09-30	1,254,257	USD	274

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
2021-07-01 to 2021-09-30	-273,826	USD	92
2021-01-01 to 2021-09-30	-1,652,034	USD	273
2020-07-01 to 2020-09-30	-1,178,618	USD	92
2020-01-01 to 2020-09-30	-3,107,281	USD	274

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 2021-09-30	3,796,557	USD
At 2020-12-31	5,309,291	USD

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 2021-09-30	4,375,298	USD
At 2020-12-31	3,044,835	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 2021-09-30	0	USD
At 2020-12-31	0	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 2021-09-30	258,747	USD
At 2020-12-31	258,747	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 2021-09-30	2,796,341	USD
At 2020-12-31	2,136,790	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
2021-07-01 to 2021-09-30	743,826	USD	92
2021-01-01 to 2021-09-30	2,023,952	USD	273
2020-07-01 to 2020-09-30	1,966,799	USD	92
2020-01-01 to 2020-09-30	3,763,243	USD	274

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 2021-09-30	270,733	USD
At 2020-12-31	903,036	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
2021-07-01 to 2021-09-30	470,000	USD	92
2021-01-01 to 2021-09-30	371,918	USD	273
2020-07-01 to 2020-09-30	788,181	USD	92
2020-01-01 to 2020-09-30	655,962	USD	274

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
2021-07-01 to 2021-09-30	27,687	USD	92
2021-01-01 to 2021-09-30	105,916	USD	273
2020-07-01 to 2020-09-30	1,268,911	USD	92
2020-01-01 to 2020-09-30	2,456,502	USD	274

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 2021-09-30	35,173,965	shares
At 2020-12-31	35,151,058	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 2021-09-30	10,858,416	USD
At 2020-12-31	10,561,797	USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2021-09-30	-4,275	USD
At 2020-12-31	-15,552	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit
At 2021-09-30	3,771,325	USD
At 2021-06-30	5,480,438	USD
At 2021-03-31	6,414,099	USD
At 2020-12-31	6,315,694	USD
At 2020-06-30	4,906,395	USD
At 2020-03-31	7,701,216	USD
At 2019-12-31	8,513,841	USD

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 2021-09-30	0	USD
At 2020-12-31	669,065	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 2021-09-30	8,046,716	USD
At 2020-12-31	7,445,859	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 2021-09-30	372,763	USD
At 2020-12-31	1,428,407	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
2021-07-01 to 2021-09-30	-1,602,993	USD	92
2021-01-01 to 2021-09-30	-2,998,300	USD	273
2021-04-01 to 2021-06-30	-1,249,122	USD	91
2021-01-01 to 2021-03-31	-146,185	USD	90
2020-07-01 to 2020-09-30	458,892	USD	92
2020-01-01 to 2020-09-30	-2,618,340	USD	274
2020-04-01 to 2020-06-30	-1,772,397	USD	91
2020-01-01 to 2020-03-31	-922,744	USD	91

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
2021-07-01 to 2021-09-30	-1,602,993	USD	92
2021-01-01 to 2021-09-30	-2,998,300	USD	273
2020-07-01 to 2020-09-30	458,892	USD	92
2020-01-01 to 2020-09-30	-2,618,340	USD	274

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
2021-01-01 to 2021-09-30	-2,998,300	USD	273
2020-01-01 to 2020-09-30	-2,618,340	USD	274

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
2021-07-01 to 2021-09-30	120,202	USD	92
2021-01-01 to 2021-09-30	428,652	USD	273
2020-07-01 to 2020-09-30	159,101	USD	92
2020-01-01 to 2020-09-30	465,996	USD	274

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2021-07-01 to 2021-09-30	-1,329,167	USD	92
2021-01-01 to 2021-09-30	-1,346,266	USD	273
2020-07-01 to 2020-09-30	29,907	USD	92
2020-01-01 to 2020-09-30	-38,245	USD	274

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
2021-07-01 to 2021-09-30	-1,329,167	USD	92
2021-01-01 to 2021-09-30	-1,346,266	USD	273
2020-07-01 to 2020-09-30	1,637,510	USD	92
2020-01-01 to 2020-09-30	488,941	USD	274

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
2021-01-01 to 2021-09-30	-632,303	USD	273
2020-01-01 to 2020-09-30	217,824	USD	274

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
2021-01-01 to 2021-09-30	1,397,539	USD	273
2020-01-01 to 2020-09-30	1,266,871	USD	274

Inspect the source

Entity: Petrogress, Inc. / CIK 0001558465
Captured: 2026-09-22 19:50 UTC
SEC response SHA-256: 5f98e31af65e6ddab3fa248a4e7f7e0bcd92db36c86a3ae354b8ec167f377f0b

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

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with urlopen("https://canlicapital.com/company-data/0001558465.json") as response:
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print(record["policy"])
for concept in record["concepts"]:
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