SusGlobal Energy Corp. Reports Third Quarter 2023 Financial Results
SusGlobal Energy Corp. Reports Third Quarter 2023 Financial Results
Toronto, Ontario--(Newsfile Corp. - November 15, 2023) - SusGlobal Energy Corp. (OTCQB: SNRG) ("SusGlobal") or (the "Company"), an environmental, agricultural, industrial biotechnology and renewables company, today announced financial results for the third quarter ended September 30, 2023, and provided an update on its operational progress.
安大略省多伦多--（Newsfile Corp.，2023 年 11 月 15 日）-SusGlobal Energy Corp.（OTCQB：SNRG）（”susGlo“) 或 (the”公司“）是一家环境、农业、工业生物技术和可再生能源公司，今天公布了截至2023年9月30日的第三季度财务业绩，并提供了其最新运营进展。
Recent Highlights
近期亮点
On April 3, 2023, as disclosed, Pace Savings & Credit Union Limited had lent money to the Company and its subsidiaries (collectively, with the Company, referred to as the "Borrowers"). As of March 28, 2023, the Borrowers owed Alterna Savings and Credit Union Limited ("Alterna"), as assignee of that debt, $3,812,765 (CAD$5,195,274), including accrued interest of approximately $387,000 (CAD$527,000). On March 28, 2023, the Company entered into an escrow agreement, dated March 28, 2023, (the "Escrow Agreement") with a third-party escrow agent (the "Escrow Agent") to facilitate the discharge in full of its indebtedness to Alterna. Pursuant to the Escrow Agreement, the Company deposited into escrow $917,364 (CAD$1,250,000) and signed counterparts of a mutual release agreement and indemnity agreement. On October 23, 2023, the letter of credit No. 78 dated May 20, 2020, in the sum of $203,163.53 (CAD$276,830.63) in favor of the Ontario Ministry of the Environment, Conservation and Parks was released to Alterna. Alterna had deposited into escrow an authorization empowering the Company to discharge all security and registrations relating to the debt on its behalf, such that Alterna will no longer have any registered security interests in relation to the Company. On November 3, 2023, the escrowed property was released and the Company no longer has any indebtedness to Alterna (or Pace).
On August 1, 2023, the Company announced it had received a Renewable Natural Gas (RNG) Carbon Intensity (CI) Report using the GHGenius model to calculate the CI of the produced RNG from Source Separated Organic (SSO) Feedstock, analyzing the energy balance and emissions of contaminants associated with the production and use of traditional and alternative transportation fuels. Versions of the model are specified in renewable fuel regulations in the province of Ontario, Alberta and British Columbia. The GHGenius is capable of estimating life cycle emissions of the primary greenhouse gases (GHG) and the criteria pollutants from combustion and process sources. GHGenius can predict emissions for past, present and future years through to 2050 using historical data or correlations for changes in energy and process parameters with time that are stored in the model. Facilities will produce a total of approximately 675,000 Gigajoules (GJ) of RNG per year, approximately 36,000 dry tonnes per year (dry tpy) of Digestate produced will be processed and sold as SUSGRO Organic Liquid Fertilizer. The Company has received a -24.7 on the Report's CI Score. As this system uses a reversed scaled approach, in which lower a number denotes a better value in the RNG and sustainability, the Company is expected to continue to receive these opportunities in the future attracting seasoned offtake partners.
On October 3, 2023, the Company announced it had signed Commercial Terms for a Ten (10) year Renewable Natural Gas ("RNG") Purchase and Sale Agreement. The Buyer will pay a purchase price of US$20.50 (CA$28.00) per Metric Million British Thermal Unit ("MMbtu") for the RNG at the delivery point, equivalent to approximately one Gigajoule ("GJ") of RNG, valuing the final Ten (10) year offtake agreement at approximately US$138,000,000 (CA$188,771,520). The Agreement is an industry standard summary of the commercial terms for the Renewable Natural Gas purchase and sale which allows the parties to maintain confidentiality while finalizing the definitive Renewable Natural Gas Purchase and Sale Agreement ("RNGPA") in the form of a GasEDI Base Contract with special provisions which was signed on September 22, 2023. The RNGPA incorporates mutually agreeable and additional, more comprehensive terms, representations, warranties, and covenants customary to meet the local natural gas operating system standards, purchase offtake arrangements and required reporting. Under the terms of the agreement, subject to the finalization of transaction confirmations in the coming weeks, SusGlobal has committed to produce, starting in 2026 up to 674,184 GJs annually of RNG to be generated through the anaerobic digestion of organic matter at the Company's licensed facilities in Belleville and Hamilton, Ontario.
On October 12, 2023, the Company announced that its wholly owned subsidiary, SusGlobal Energy Belleville Ltd. ("SusGlobal Belleville") generated approximately 12,500 additional Verified Emission Reductions and Removals ("VERRs") and sold a further 9,000 carbon credits as part of the Anew SusGlobal Belleville Composting Offset Project in Ontario (the "Project"). The Project has generated approximately 117,000 VERRS (generated from 2017 through 2022). The Project and report are listed on the GHG CleanProjects Registry, a business unit of the Standards Division of the Canadian Standards Association ("CSA") for developed and marketed greenhouse gas ("GHG") offset credits from the Company's 49-acre Organic & Non-Hazardous Waste Processing & Composting Facility in Belleville, Ontario. The Project was developed by Anew Climate, LLC formerly known as Blue Source Canada ULC ("Anew").
On November 7, 2023, the Company announced that its wholly owned subsidiary, SusGlobal Energy Canada Corp. ("SusGlobal Canada"), completed the Purchase of 2.03 acres of prime M5 Industrial Lands, located at 490 Nash Road North, in Hamilton, Ontario, adjacent to the Company's existing 3.26-acre site and facility at 520 Nash Road North. The Company believes the purchase marks a monumental step forward for SusGlobal as it merges the lands for a total 5.29-acre licensed site and solidifies its position as a leader in the organic waste processing and fertilizer production industry. Colliers International Realty Advisors Inc. ("Colliers") at the Company's request, carried out an analysis of the property to estimate its prospective market value. Based on their opinion the market value "As Complete" of the fee simple interest is estimated at US$14,222,000 (CA$18,750,000). The report describes the methods and approaches to value in support of the above conclusion, and contains the pertinent data gathered in their investigation of the market.
如披露的那样，2023年4月3日，Pace Savings & Credit Union Limited已向公司及其子公司（统称为公司）贷款，简称”借款人“)。截至2023年3月28日，借款人欠Alterna Savings and Credit Union Limited (”Alterna“），作为该债务的受让人，3,812,765美元（合5,195,274加元），包括约38.7万美元（52.7万加元）的应计利息。2023 年 3 月 28 日，公司签订了日期为 2023 年 3 月 28 日的托管协议，（托管协议“) 与第三方托管代理（”托管代理“）为全额偿还对Alterna的债务提供便利。根据托管协议，公司向托管机构存入了917,364美元（合1,250,000加元），并签署了相互发行协议和赔偿协议的对应协议。2023年10月23日，向安大略省环境、保护和公园部发放了日期为2020年5月20日的第78号信用证，金额为203,163.53美元（合276,830.63加元）。Alterna已将授权书存入托管机构，授权公司代表其解除与债务有关的所有担保和登记，因此Alterna将不再拥有与公司有关的任何注册担保权益。2023年11月3日，托管财产被释放，公司不再对Alterna（或Pace）有任何债务。
2023年8月1日，该公司宣布已收到一份使用GHGenius模型的可再生天然气（RNG）碳强度（CI）报告，该报告使用源分离有机（SSO）原料计算出可再生天然气（SSO）原料生产的可再生天然气（RNG）碳强度（CI），分析与生产和使用传统和替代运输燃料相关的污染物的能量平衡和排放。该模型的版本由安大略省、艾伯塔省和不列颠哥伦比亚省的可再生燃料法规规定。GHGenius 能够估算主要温室气体 (GHG) 的生命周期排放量以及来自燃烧和过程源的标准污染物。GHGenius可以使用历史数据或能源和过程参数与模型中存储的时间变化的相关性来预测过去、现在和未来几年的排放。设施每年总共将生产约67.5万千兆焦耳（GJ）的天然气，每年生产的大约36,000干吨（干吨）的沼气将作为SUSGRO有机液体肥料进行加工和出售。该公司的CI分数为-24.7。由于该系统采用反向扩展方法，即数字越小表示可再生天然气和可持续发展的价值越高，因此预计公司将来将继续获得这些机会，吸引经验丰富的承购合作伙伴。
2023 年 10 月 3 日，该公司宣布已签署十 (10) 年期可再生天然气的商业条款 (”RNG“）购买和销售协议。买方将支付每公制百万英热单位20.50美元（合28.00加元）的收购价格（”mmBtu“) 对于交货点的 RNG，相当于大约一千兆焦耳 (”GJ“) RNG，估值最后十（10）年的承购协议约为1.38亿美元（合188,771,520加元）。该协议是可再生天然气购买和销售商业条款的行业标准摘要，允许各方在最终确定可再生天然气购买和销售协议的同时保持机密性（”RNGPA“) 采用2023年9月22日签署的带有特殊条款的GaseDI基础合同的形式。RNGPA纳入了双方同意的额外的、更全面的条款、陈述、担保和契约，以满足当地天然气运营系统标准、购买承购安排和要求的报告。根据协议条款，SusGlobal承诺从2026年开始每年生产多达674,184吉焦的天然气，通过在公司位于安大略省贝尔维尔和汉密尔顿的许可设施中对有机物进行厌氧消化产生，具体取决于未来几周内交易确认的最终确定。
2023年10月12日，该公司宣布其全资子公司SusGlobal Energy Belleville Ltd. (”SusGlobal 贝尔维尔“) 额外产生了大约 12,500 个经核实的排减量和清除量 (”verRS“），并作为安大略省Anew SusGlobal贝尔维尔堆肥抵消项目的一部分，又出售了9,000个碳信用额度（即”项目“）。该项目已经生成了大约11.7万个VERRS（从2017年到2022年生成）。该项目和报告在加拿大标准协会标准部的一个业务部门温室气体清洁项目登记处列出（”CSA“) 用于已开发和销售的温室气体 (”GHG“）抵消了该公司位于安大略省贝尔维尔的占地49英亩的有机和非危险废物处理和堆肥设施的信贷。该项目由Anew Climate, LLC开发，前身为加拿大蓝源（ULC）（”重新“)。
2023年11月7日，该公司宣布，其全资子公司SusGlobal Energy Canada Corp. (”加拿大SusGlobal“），完成了对位于安大略省汉密尔顿纳什路北490号的2.03英亩优质M5工业用地的收购，毗邻该公司位于纳什路北520号的现有3.26英亩土地和设施。该公司认为，此次收购标志着SusGlobal向前迈出了具有里程碑意义的一步，因为它合并了总面积为5.29英亩的许可用地，巩固了其作为有机废物处理和化肥生产行业领导者的地位。高力国际房地产顾问公司（”高力“）应公司的要求，对该物业进行了分析，以估计其潜在的市场价值。根据他们的观点，费用单利的 “完整” 市场价值估计为14,222,000美元（合18,750,000加元）。该报告描述了实现价值的方法和方法，以支持上述结论，并包含他们在市场调查中收集的相关数据。
Revenue decreased by 37.1% during the third quarter of 2023 to $186,901 compared to the third quarter of 2022 in the amount of $297,202, The decrease in revenue is primarily due to lower carbon credit revenue of approximately $83,000 and lower waste revenue of approximately $27,000.
与2022年第三季度相比，2023年第三季度的收入下降了37.1％，至186,901美元，为297,202美元。收入下降的主要原因是碳信用收入减少了约83,000美元，废物收入减少了约27,000美元。
"We continue to process municipal organic waste streams, diverting them from landfills, while producing regenerative products and monetizing carbon offset credits as part of our Circular Economy model. We have confidence in a revenue ramp up this year and the signing of an offtake agreement," said Marc Hazout, Executive Chairman, President and CEO of SusGlobal Energy Corp. "Now that we have increased our landholdings at our second facility, our goal is to commence the commercialization of our proprietary organic liquid fertilizer and proceed with an RNG initiative in order to increase revenue and cash flow, maximizing shareholder value with an objective to up-list to a major exchange."
“作为循环经济模式的一部分，我们将继续处理城市有机废物流，将其从垃圾填埋场转移出去，同时生产再生产品并通过碳抵消额度货币化。我们对今年的收入增加和承购协议的签署充满信心，” SusGlobal Energy Corp. 执行董事长、总裁兼首席执行官马克·哈佐特说，“现在我们已经增加了第二家工厂的土地所有权，我们的目标是开始将我们专有的有机液体肥料商业化，并继续实施可再生天然气计划，以增加收入和现金流，最大限度地提高股东价值，目标是向主要交易所上市。”
Unaudited 2023 Third Quarter Financial Results
未经审计的 2023 年第三季度财务业绩
For the third quarter ended September 30, 2023, SusGlobal recorded:
在截至2023年9月30日的第三季度中，SusGlobal记录如下：
Revenue of $186,901.
Cost of sales of $193,120.
Operating expenses of $1,070,180 comprised primarily of $312,324 of total stock-based compensation, $140,161 of interest expense, $117,401 of management compensation-fees, $103,930 of professional fees and foreign exchange loss of $214,406.
Net loss of $1,193,109, or $0.01 loss per share-basic and diluted.
Included in the other expense for the period was an expense of $116,710 for the loss on the revaluation of the convertible promissory notes.
Adjusted EBITDA (a non-GAAP financial measure) loss of $509,178.
$10,599,934 in total assets and $26,203,416 in total current liabilities at the end of the third quarter.
收入为186,901美元。
销售成本为193,120美元。
1,070,180美元的运营支出主要包括股票薪酬总额的312,324美元、140,161美元的利息支出、117,401美元的管理薪酬费、103,930美元的专业费用和214,406美元的外汇损失。
净亏损为1,193,109美元，摊薄后每股亏损0.01美元。
该期间的其他支出包括可转换本票重估损失116,710美元的费用。
调整后的息税折旧摊销前利润（非公认会计准则财务指标）亏损509,178美元。
截至第三季度末，总资产为10,599,934美元，流动负债总额为26,203,416美元。
About SusGlobal Energy Corp.
关于 susGlobal En
SusGlobal Energy Corp., the developer of SusGro, an award winning and revolutionary pathogen free organic liquid fertilizer, is an environmental, agricultural, industrial biotechnology and renewables company focused on acquiring, developing, and monetizing a portfolio of proprietary technologies in the waste to energy and regenerative product applications globally. It is management's objective to grow SusGlobal into a significant sustainable waste to energy and regenerative products provider and a trusted brand for the fertilizer, soil and aquaculture market, as LEADERS IN THE CIRCULAR ECONOMY. For more information, please visit the Company's website at: .
SusGlobal Energy Corp. 是屡获殊荣的革命性无病原体有机液体肥料SusGro的开发商，是一家环境、农业、工业生物技术和可再生能源公司，专注于收购、开发全球废物转能源和再生产品应用领域的专有技术组合并从中获利。管理层的目标是将SusGlobal发展成为重要的可持续废物转化能源和再生产品提供商，成为化肥、土壤和水产养殖市场值得信赖的品牌，成为循环经济的领导者。欲了解更多信息，请访问公司的网站：。
In accordance with SEC Regulation G, the non-GAAP measurements in this press release have been reconciled to the nearest GAAP measurement, which can be viewed under the heading "Interim Condensed Consolidated Reconciliation of Non-GAAP Information" in the financial table included in this press release.
根据美国证券交易委员会法规G，本新闻稿中的非公认会计准则衡量标准已与最接近的GAAP衡量标准进行了核对，可以在本新闻稿所含财务表中 “非公认会计准则信息的临时简明合并对账” 标题下查看。
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's objectives. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, lack of sufficient financial resources; variations in market conditions, currency and our stock; the Company's ability to obtain any necessary permits, approvals, consents or authorizations required for its activities; the Company's ability to produce energy, biogas, compost or organic fertilizer from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies and other risk factors described in the Company's filings with the U.S. Securities and Exchange Commission, which may be viewed at www.sec.gov.
本新闻稿包含1995年《私人证券诉讼改革法》所指的 “前瞻性陈述”，包括有关公司目标的陈述。前瞻性陈述是不是历史事实的陈述，通常以 “期望”、“计划”、“预期”、“相信”、“打算”、“估计”、“项目”、“目标”、“潜力”、“目标”、“目标”、“目标”、“前景” 和类似的表述来识别，或者事件或条件 “将”、“可能”、“可能”、“可能”，“可能”，“可能”，“可能”，“可能”，“可能”，“可能”，“可能”，“可能”，“可能”，“可能”，“可能”，“可能”，“可能”，“可能”，“可能”，“可能”，“可能”，“” “可能” 或 “应该” 发生。公司提醒投资者，公司的任何前瞻性陈述都不能保证未来的业绩或业绩，由于各种因素，实际业绩可能与前瞻性陈述存在重大差异，包括但不限于缺乏足够的财务资源；市场状况、货币和股票的变化；公司获得其活动所需的任何必要许可、批准、同意或授权的能力；公司的能源生产能力、沼气、堆肥或有机肥料成功或盈利，以保持其预期增长，或完全能够实施公司向美国证券交易委员会提交的文件中描述的业务战略和其他风险因素，这些文件可在www.sec.gov上查看。
- Financial Tables Follow -
-财务表格关注-
SusGlobal Energy Corp.
Interim Condensed Consolidated Balance Sheets
As at September 30, 2023 and December 31, 2022
(Expressed in United States Dollars)
(unaudited)
美国环球能源公司
中期简明合并资产负债表
截至2023年9月30日和2022年12月31日
（以美元表示）
（未经审计）
| September 30, | December 31, | |
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| 2023 | 2022 | |
||||
| ASSETS | ||||||
| Current Assets | ||||||
| Cash | $ | 6,431 | $ | 42,900 | ||
| Funds held in trust | 924,500 | - | ||||
| Trade receivables | 111,582 | 69,193 | ||||
| Government remittances receivable | 5,080 | 6,983 | ||||
| Inventory | 42,889 | 58,695 | ||||
| Prepaid expenses and deposits | 687,187 | 580,852 | |
|||
| Total Current Assets | 1,777,669 | 758,623 | |
|||
| Long-lived Assets, net | 8,822,265 | 9,107,152 | |
|||
| Long-Term Assets | 8,822,265 | 9,107,152 | |
|||
| Total Assets | $ | 10,599,934 | $ | 9,865,775 | |
|
| LIABILITIES AND STOCKHOLDERS' DEFICIENCY | ||||||
| Current Liabilities | ||||||
| Accounts payable | $ | 3,871,418 | $ | 3,475,691 | ||
| Government remittances payable | 453,492 | 371,587 | ||||
| Accrued liabilities | 1,983,650 | 1,781,258 | ||||
| Current portion of long-term debt | 9,994,265 | 8,816,931 | ||||
| Current portion of obligations under capital lease | 83,950 | 57,275 | ||||
| Convertible promissory notes | 9,756,700 | 7,796,433 | ||||
| Loans payable to related parties | 59,941 | 40,000 |
|
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| Total Current Liabilities | 26,203,416 | 22,339,175 | |
|||
| Long-term debt | - | 52,495 | ||||
| Obligations under capital lease | - | 64,483 | |
|||
| Total Long-term Liabilities | - | 116,978 | |
|||
| Total Liabilities | 26,203,416 | 22,456,153 | |
|||
| Stockholders' Deficiency | ||||||
| Preferred stock, $.0001 par value, 10,000,000 authorized, none issued and outstanding Common stock, $.0001 par value, 150,000,000 authorized, 124,783,286 (2022- 113,438,832) shares issued and outstanding | 12,482 | 11,348 | ||||
| Additional paid-in capital | 19,473,057 | 17,152,018 | ||||
| Shares to be issued | 60,100 | 213,600 | ||||
| Accumulated deficit | (35,520,256 | ) | (30,345,197 | ) | ||
| Accumulated other comprehensive income | 371,135 | 377,853 | |
|||
| Stockholders' deficiency | (15,603,482 | ) | (12,590,378 | ) | ||
| Total Liabilities and Stockholders' Deficiency | $ | 10,599,934 | $ | 9,865,775 | |
| 9月30日 | 十二月三十一日 | |
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| 2023 | 2022 | |
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| 资产 | ||||||
| 流动资产 | ||||||
| 现金 | $ | 6,431 | $ | 42,900 | ||
| 信托资金 | 924,500 | - | ||||
| 贸易应收账款 | 111,582 | 69,193 | ||||
| 应收政府汇款 | 5,080 | 6,983 | ||||
| 库存 | 42,889 | 58695 | ||||
| 预付费用和押金 | 687,187 | 580,852 | |
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| 流动资产总额 | 1,777,669 | 758,623 | |
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| 长期资产，净值 | 8,822,265 | 9,107,152 | |
|||
| 长期资产 | 8,822,265 | 9,107,152 | |
|||
| 总资产 | $ | 10,599,934 | $ | 9,865,775 | |
|
| 负债和股东缺陷 | ||||||
| 流动负债 | ||||||
| 应付账款 | $ | 3,871,418 | $ | 3,475,691 | ||
| 应付政府汇款 | 453,492 | 371,587 | ||||
| 应计负债 | 1,983,650 | 1,781,258 | ||||
| 长期债务的当前部分 | 9,994,265 | 8,816,931 | ||||
| 资本租赁项下债务的当期部分 | 83,950 | 57,275 | ||||
| 可转换本票 | 9,756,700 | 7,796,433 | ||||
| 应付给关联方的贷款 | 59,941 | 40,0000 |
|
|||
| 流动负债总额 | 26,203,416 | 22,339,175 | |
|||
| 长期债务 | - | 52,495 | ||||
| 资本租赁下的义务 | - | 64,483 | |
|||
| 长期负债总额 | - | 116,978 | |
|||
| 负债总额 | 26,203,416 | 22,456,153 | |
|||
| 股东缺陷 | ||||||
| 优先股，面值.0001美元，授权1,000,000美元，未发行和流通普通股，面值.0001美元，授权1.5亿美元，已发行和流通124,783,286股（2022年至113,438,832股） | 12,482 | 11348 | ||||
| 额外的实收资本 | 19,473,057 | 17,152,018 | ||||
| 待发行的股票 | 60,100 | 213,600 | ||||
| 累计赤字 | (35,520,256 | ) | (30,345,197 | ) | ||
| 累计其他综合收益 | 371,135 | 377,853 | |
|||
| 股东缺陷 | (15,603,482) | ) | (12,590,378) | ) | ||
| 总负债和股东亏损 | $ | 10,599,934 | $ | 9,865,775 | |
SusGlobal Energy Corp.
Interim Condensed Consolidated Statements of Operations and Comprehensive Loss
For the three and nine-month periods ended September 30, 2023 and 2022
(Expressed in United States Dollars)
(unaudited)
美国环球能源公司
中期简明合并运营报表和综合亏损表
在截至2023年9月30日和2022年9月30日的三个月和九个月期间
（以美元表示）
（未经审计）
| For the three-month periods ended | For the Nine-month periods ended | |
||||||||||
| September 30, 2023 | September 30,2022 | September 30, 2023 | September 30, 2022 | |
||||||||
| Revenue | $ | 186,901 | $ | 297,202 | $ | 505,075 | $ | 551,815 | ||||
| Cost of Sales | ||||||||||||
| Opening inventory | 64,578 | 19,555 | 58,695 | 20,582 | ||||||||
| Depreciation | 87,528 | 112,731 | 301,467 | 344,196 | ||||||||
| Direct wages and benefits | 36,459 | 52,860 | 111,984 | 158,356 | ||||||||
| Equipment rental, delivery, fuel and repairs and maintenance | 14,723 | 365,975 | 55,569 | 477,128 | ||||||||
| Utilities | 32,721 | (7,760 | ) | 89,578 | 35,410 | |||||||
| Outside contractors | - | 535 | - | 26,018 | |
|||||||
| 236,009 | 543,896 | 617,293 | 1,061,690 | |||||||||
| Less: closing inventory | (42,889 | ) | (48,154 | ) | (42,889 | ) | (48,154 | ) | ||||
| Total cost of sales | 193,120 | 495,742 | 574,404 | 1,013,536 | |
|||||||
| Gross loss | (6,219 | ) | (198,540 | ) | (69,329 | ) | (461,721 | ) | ||||
| Operating expenses | ||||||||||||
| Management compensation-stock-based compensation | 57,600 | 60,113 | 172,800 | 180,339 | ||||||||
| Management compensation-fees | 117,401 | 115,175 | 351,162 | 350,910 | ||||||||
| Marketing | 923 | (250 | ) | 122,098 | 1,003,959 | |||||||
| Professional fees | 103,930 | 190,653 | 286,723 | 812,738 | ||||||||
| Interest expense | 140,161 | 208,537 | 499,222 | 589,488 | ||||||||
| Office and administration | 56,567 | 67,377 | 176,120 | 259,193 | ||||||||
| Rent and occupancy | 58,385 | 54,586 | 161,127 | 171,177 | ||||||||
| Insurance | 10,974 | 12,867 | 33,167 | 76,304 | ||||||||
| Filing fees | 8,562 | 9,699 | 31,852 | 71,242 | ||||||||
| Amortization of financing costs | 26,901 | 27,752 | 72,296 | 94,916 | ||||||||
| Directors' compensation | 18,631 | 14,366 | 53,211 | 43,864 | ||||||||
| Stock-based compensation | 254,724 | 659,050 | 785,149 | 955,837 | ||||||||
| Repairs and maintenance | 1,015 | 2,386 | 22,636 | (8,773 | ) | |||||||
| Foreign exchange loss (income) | 214,406 | 378,510 | (33,037 | ) | 518,690 | |
||||||
| Total operating expenses | 1,070,180 | 1,800,821 | 2,734,526 | 5,119,884 | |
|||||||
| Net loss from operating activities | (1,076,399 | ) | (1,999,361 | ) | (2,803,855 | ) | (5,581,605 | ) | ||||
| Other expenses | (116,710 | ) | (1,697,619 | ) | (2,371,204 | ) | (3,207,270 | ) | ||||
| Net loss | (1,193,109 | ) | (3,696,980 | ) | (5,175,059 | ) | (8,788,875 | ) | ||||
| Other comprehensive loss | - | - | ||||||||||
| Foreign exchange income (loss) | 327,961 | 652,484 | (6,718 | ) | 819,813 | |
||||||
| Comprehensive loss | $ | (865,148 | ) | $ | (3,044,496 | ) | $ | (5,181,777 | ) | $ | (7,969,062 | ) |
| Net loss per share-basic and diluted | $ | (0.01 | ) | $ | (0.04 | ) | $ | (0.04 | ) | $ | (0.09 | ) |
| Weighted average number of common shares outstanding- basic and diluted | 122,972,355 | 105,189,849 | 120,391,943 | 100,335,858 | |
|||||||
| 在已结束的三个月期间 | 在截至的九个月期间 | |
||||||||||
| 2023年9月30日 | 2022年9月30日 | 2023年9月30日 | 2022年9月30日 | |
||||||||
| 收入 | $ | 186,901 | $ | 297,202 | $ | 505,075 | $ | 551,815 | ||||
| 销售成本 | ||||||||||||
| 开仓库存 | 64,578 | 19,555 | 58695 | 20,582 | ||||||||
| 折旧 | 87,528 | 112,731 | 301,467 | 344,196 | ||||||||
| 直接工资和福利 | 36,459 | 52,860 | 111,984 | 158,356 | ||||||||
| 设备租赁、交付、燃料以及维修和保养 | 14,723 | 365,975 | 55,569 | 477,128 | ||||||||
| 公共事业 | 32,721 | (7,760 | ) | 89,578 | 35,410 | |||||||
| 外部承包商 | - | 535 | - | 26,018 | |
|||||||
| 236,009 | 543,896 | 617,293 | 1,061,690 | |||||||||
| 减去：期末库存 | (42,889) | ) | (48,154 | ) | (42,889) | ) | (48,154 | ) | ||||
| 总销售成本 | 193,120 | 495,742 | 574,404 | 1,013,536 | |
|||||||
| 总亏损 | (6,219 | ) | (198,540) | ) | (69,329) | ) | (461,721) | ) | ||||
| 运营开支 | ||||||||||||
| 管理层薪酬——基于股票的薪酬 | 57,600 | 60,113 | 172,800 | 180,339 | ||||||||
| 管理补偿费 | 117,401 | 115,175 | 351,162 | 350,910 | ||||||||
| 市场营销 | 923 | (250) | ) | 122,098 | 1,003,959 | |||||||
| 专业费用 | 103,930 | 190,653 | 286,723 | 812,738 | ||||||||
| 利息支出 | 140,161 | 208,537 | 499,222 | 589,488 | ||||||||
| 办公室和行政 | 56,567 | 67,377 | 176,120 | 259,193 | ||||||||
| 租金和入住率 | 58,385 | 54,586 | 161,127 | 171,177 | ||||||||
| 保险 | 10,974 | 12,867 | 33,167 | 76,304 | ||||||||
| 申报费 | 8,562 | 9,699 | 31,852 | 71,242 | ||||||||
| 融资成本摊销 | 26,901 | 27,752 | 72,296 | 94,916 | ||||||||
| 董事薪酬 | 18,631 | 14,366 | 53,211 | 43,864 | ||||||||
| 基于股票的薪酬 | 254,724 | 659,050 | 785,149 | 955,837 | ||||||||
| 维修和保养 | 015 | 2,386 | 22,636 | (8,773 | ) | |||||||
| 外汇损失（收入） | 214,406 | 378,510 | (33,037 | ) | 518,690 | |
||||||
| 运营费用总额 | 1,070,180 | 1,800,821 | 2,734,526 | 5,119,884 | |
|||||||
| 经营活动净亏损 | (1,076,399 | ) | (1,999,361) | ) | (2,803,855) | ) | (5,581,605) | ) | ||||
| 其他开支 | (116,710) | ) | (1,697,619) | ) | (2,371,204 | ) | (3,207,270 | ) | ||||
| 净亏损 | (1,193,109) | ) | (3,696,980) | ) | (5,175,059 | ) | (8,788,875 | ) | ||||
| 其他综合损失 | - | - | ||||||||||
| 外汇收入（亏损） | 327,961 | 652,484 | (6,718) | ) | 819,813 | |
||||||
| 综合损失 | $ | (865,148) | ) | $ | (3,044,496 | ) | $ | (5,181,777 | ) | $ | (7,969,062) | ) |
| 每股净亏损——基本亏损和摊薄后 | $ | (0.01 | ) | $ | (0.04) | ) | $ | (0.04) | ) | $ | (0.09 | ) |
| 已发行普通股的加权平均数-基本股和摊薄 | 122,972,355 | 105,189,849 | 120,391,943 | 100,335,858 | |
|||||||
SusGlobal Energy Corp.
Interim Condensed Consolidated Reconciliation of Non-GAAP Information
For the three-month periods ended Sept 30, 2023 and 2022
(Expressed in United States Dollars)
(Unaudited)
美国环球能源公司
非公认会计准则信息的中期简明合并对账
在截至2023年9月30日和2022年9月30日的三个月期间
（以美元表示）
（未经审计）
| For the three-month periods ended | ||||||
| Sept 30, 2023 | Sept 30, 2022 | |
||||
| Net loss (GAAP) | $ | (1,193,109 | ) | $ | (3,696,980 | ) |
| Add the following items: | ||||||
| Interest expense | 140,161 | 208,537 | ||||
| Depreciation and amortization | 87,835 | 113,056 | ||||
| Stock-based compensation | 312,324 | 719,163 | ||||
| Amortization of financing costs | 26,901 | 27,752 | ||||
| Loss on revaluation of convertible promissory notes | 116,710 | 1,447,619 | ||||
| Adjusted EBITDA (non-GAAP) | $ | (509,178 | ) | $ | (1,180,853 | ) |
| 在截至的三个月期间 | ||||||
| 2023年9月30日 | 2022年9月30日 | |
||||
| 净亏损（GAAP） | $ | (1,193,109) | ) | $ | (3,696,980) | ) |
| 添加以下项目： | ||||||
| 利息支出 | 140,161 | 208,537 | ||||
| 折旧和摊销 | 87,835 | 113,056 | ||||
| 基于股票的薪酬 | 312,324 | 719,163 | ||||
| 融资成本摊销 | 26,901 | 27,752 | ||||
| 可转换期票重估亏损 | 116,710 | 1,447,619 | ||||
| 调整后的息税折旧摊销前利润（非公认会计准则） | $ | (509,178 | ) | $ | (1,180,853 | ) |
Contact
联系我们
SusGlobal Energy Corp.
Marc Hazout, President and CEO
(416) 223-8500 or Toll Free: 1-866-512-7374
Email: info@susglobalenergy.com
美国环球能源公司
马克·哈佐特，总裁兼首席执行官
(416) 223-8500 或者免费电话：1-866-512-7374
电子邮件：info@susglobalenergy.com
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