Sky Quarry Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 31, 2025
SKYQ$1.70-14.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
As of December 31, 2024 and December 31, 2023
| 2024 | 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $385,116 | $326,822 |
| Accounts receivables | 1,123,897 | 3,517,469 |
| Prepaid expenses and other assets | 339,124 | 114,387 |
| Inventory | 3,149,236 | 2,437,181 |
| Total current assets | 4,997,373 | 6,395,859 |
| Property, plant, and equipment, net | 6,160,318 | 6,287,351 |
| Oil and gas properties | 8,534,967 | 7,745,205 |
| Restricted cash and cash equivalents | 2,929,797 | 4,354,014 |
| Right-of-use asset | 1,115,785 | 184,548 |
| Goodwill | 3,209,003 | 3,209,003 |
| Total assets | $26,947,243 | $28,175,980 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $4,046,319 | $4,904,121 |
| Current portion of operating lease liability | 38,422 | 69,777 |
| Current portion of finance lease liability | 16,120 | - |
| Warrant liability | 459,067 | - |
| Lines of credit | 1,260,727 | 3,061,698 |
| Current maturities of notes payable | 6,578,017 | 4,835,567 |
| Total current liabilities | 12,398,672 | 12,871,163 |
| Notes payable, less current maturities, net of debt issuance costs | 2,000,560 | 2,100,514 |
| Operating lease liability, net of current portion | 77,824 | 116,246 |
| Finance lease liability, net of current portion | 971,690 | - |
| Total liabilities | 15,448,746 | 15,087,923 |
| Commitments and contingencies | ||
| Shareholders’ Equity: | ||
| Preferred stock $0.001 par value: 25,000,000 shares authorized; 0 and 246,000 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | - | 246 |
| Common stock $0.0001 par value: 100,000,000 shares authorized: 19,027,208 and 16,323,091 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | 1,903 | 1,630 |
| Additional paid in capital | 35,674,391 | 22,527,264 |
| Accumulated other comprehensive loss | (209,708) | (201,505) |
| Accumulated deficit | (23,968,089) | (9,239,578) |
| Total shareholders’ equity | 11,498,497 | 13,088,057 |
| Total liabilities and shareholders’ equity | $26,947,243 | $28,175,980 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.