10-Q Filing

PLEDGE PETROLEUM CORP CIK: 1434110 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-059849`
Period End Date	20180930
Filing Date	20181114
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	prop-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 76 Cash Flow Statement 45

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	298.56M	shares	Point-in-time
Cash	`Cash`	$749.62K	USD	Point-in-time
Cash	`Cash`	$160.07K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	268.56M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	234.26M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	268.56M	shares	Point-in-time
Restricted Cash	`RestrictedCash`	$7.85M	USD	Point-in-time
Restricted Cash	`RestrictedCash`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$6.01K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$25.82K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.63M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$166.08K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$8.94K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.15K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$530.00	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$1.75K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$6.90K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$9.46K	USD	Point-in-time
Total Assets	`Assets`	$8.63M	USD	Point-in-time
Total Assets	`Assets`	$172.97K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$38.85K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$23.41K	USD	Point-in-time
Accrued expenses and other payables	`Accruedliabilitiesandotherpayables`	$27.85K	USD	Point-in-time
Accrued expenses and other payables	`Accruedliabilitiesandotherpayables`	$31.15K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$3.00K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$3.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$69.70K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$57.57K	USD	Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized, 298,558,931 and 268,558,931 shares issued, 234,256,464 and 268,558,931 shares outstanding at September 30, 2018 and December 31, 2017 respectively.	`CommonStockValue`	$268.56K	USD	Point-in-time
Common stock, $0.001 par value; 500,000,000 shares authorized, 298,558,931 and 268,558,931 shares issued, 234,256,464 and 268,558,931 shares outstanding at September 30, 2018 and December 31, 2017 respectively.	`CommonStockValue`	$234.26K	USD	Point-in-time
Treasury Stock	`TreasuryStockValue`	-	USD	Point-in-time
Treasury Stock	`TreasuryStockValue`	$8.43M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$27.40M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$28.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.86M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.57M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$115.41K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$8.63M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$172.97K	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net Revenue	`Revenues`	$25.00K	USD	3 Qtrs
Net Revenue	`Revenues`	-	USD	3 Qtrs
Net Revenue	`Revenues`	-	USD	1 Quarter
Net Revenue	`Revenues`	-	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	-	USD	3 Qtrs
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	-	USD	3 Qtrs
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	$25.00K	USD	3 Qtrs
Gross Profit	`GrossProfit`	-	USD	3 Qtrs
Sales and Marketing	`SellingAndMarketingExpense`	$1.50K	USD	1 Quarter
Sales and Marketing	`SellingAndMarketingExpense`	$4.49K	USD	3 Qtrs
Sales and Marketing	`SellingAndMarketingExpense`	$4.49K	USD	3 Qtrs
Sales and Marketing	`SellingAndMarketingExpense`	$1.50K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$73.89K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$66.77K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$225.28K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$222.25K	USD	3 Qtrs
Consulting fees	`ConsultingFees`	$61.10K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$134.25K	USD	3 Qtrs
Consulting fees	`ConsultingFees`	$6.80K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$34.24K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$223.56K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$388.42K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$53.08K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$124.13K	USD	1 Quarter
Depreciation, amortization and impairment charges	`DepreciationDepletionAndAmortization`	$1.26K	USD	1 Quarter
Depreciation, amortization and impairment charges	`DepreciationDepletionAndAmortization`	$4.13K	USD	3 Qtrs
Depreciation, amortization and impairment charges	`DepreciationDepletionAndAmortization`	$1.26K	USD	1 Quarter
Depreciation, amortization and impairment charges	`DepreciationDepletionAndAmortization`	$3.79K	USD	3 Qtrs
Total Expense	`OperatingExpenses`	$756.22K	USD	3 Qtrs
Total Expense	`OperatingExpenses`	$136.52K	USD	1 Quarter
Total Expense	`OperatingExpenses`	$488.66K	USD	3 Qtrs
Total Expense	`OperatingExpenses`	$254.76K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-463.66K	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-254.76K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-136.52K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-756.22K	USD	3 Qtrs
Other income	`OtherOperatingIncomeExpenseNet`	-	USD	3 Qtrs
Other income	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
Other income	`OtherOperatingIncomeExpenseNet`	$14.66K	USD	3 Qtrs
Other income	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
Finance costs	`FinanceIncomeExpenses`	$476.00	USD	3 Qtrs
Finance costs	`FinanceIncomeExpenses`	-	USD	1 Quarter
Finance costs	`FinanceIncomeExpenses`	$105.00	USD	3 Qtrs
Finance costs	`FinanceIncomeExpenses`	$432.00	USD	1 Quarter
Loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-463.19K	USD	3 Qtrs
Loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-254.76K	USD	1 Quarter
Loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-741.46K	USD	3 Qtrs
Loss before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-136.09K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-254.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-741.46K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-136.09K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-463.19K	USD	3 Qtrs
Undeclared Series B and Series C Preferred stock dividends	`UndeclaredSeriesBAndSeriesCPreferredStockDividends`	$9.07K	USD	1 Quarter
Undeclared Series B and Series C Preferred stock dividends	`UndeclaredSeriesBAndSeriesCPreferredStockDividends`	$157.79K	USD	1 Quarter
Undeclared Series B and Series C Preferred stock dividends	`UndeclaredSeriesBAndSeriesCPreferredStockDividends`	$26.93K	USD	3 Qtrs
Undeclared Series B and Series C Preferred stock dividends	`UndeclaredSeriesBAndSeriesCPreferredStockDividends`	$468.21K	USD	3 Qtrs
Net loss available to common stock holders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-931.40K	USD	3 Qtrs
Net loss available to common stock holders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-768.39K	USD	3 Qtrs
Net loss available to common stock holders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-293.88K	USD	1 Quarter
Net loss available to common stock holders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-263.83K	USD	1 Quarter
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Weighted Average Number of Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	268.56M	shares	1 Quarter
Weighted Average Number of Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	220.67M	shares	1 Quarter
Weighted Average Number of Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	229.10M	shares	3 Qtrs
Weighted Average Number of Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	268.56M	shares	3 Qtrs

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-254.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-741.46K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-136.09K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-463.19K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$3.79K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$1.26K	USD	1 Quarter
Depreciation expense	`Depreciation`	$4.13K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$1.26K	USD	1 Quarter
Deposit forfeited	`IncreaseDecreaseInSecurityDeposits`	$6.97K	USD	3 Qtrs
Deposit forfeited	`IncreaseDecreaseInSecurityDeposits`	-	USD	3 Qtrs
Equity based compensation charge	`ShareBasedCompensation`	$18.07K	USD	3 Qtrs
Equity based compensation charge	`ShareBasedCompensation`	$141.67K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.26K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-19.81K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$33.63K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-15.44K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.30K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-19.82K	USD	3 Qtrs
Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-413.95K	USD	3 Qtrs
Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-588.33K	USD	3 Qtrs
Proceeds on disposal of plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Proceeds on disposal of plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$650.00K	USD	3 Qtrs
Proceeds on disposal of plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$650.00K	USD	Point-in-time
Investment in deposit	`PaymentsToAcquireInvestments`	$1.22K	USD	3 Qtrs
Investment in deposit	`PaymentsToAcquireInvestments`	$530.00	USD	3 Qtrs
Cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-530.00	USD	3 Qtrs
Cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$648.78K	USD	3 Qtrs
Share repurchase	`ProceedsFromRepurchaseOfEquity`	$-8.50M	USD	3 Qtrs
Share repurchase	`ProceedsFromRepurchaseOfEquity`	-	USD	3 Qtrs
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.50M	USD	3 Qtrs
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
NET DECREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.44M	USD	3 Qtrs
NET DECREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-414.48K	USD	3 Qtrs
CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.17M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.76M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$160.07K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.60M	USD	Point-in-time
CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.17M	USD	Point-in-time
CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.76M	USD	Point-in-time
CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$160.07K	USD	Point-in-time
CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.60M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.