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.
安大略省多倫多--（Newsfile Corp.，2023 年 11 月 15 日）-SusGlobal Energy Corp.（OTCQB：SNRG）（”susGlo“) 或 (the”公司“）是一家環境、農業、工業生物技術和可再生能源公司，今天公佈了截至2023年9月30日的第三季度財務業績，並提供了其最新運營進展。
Recent Highlights
近期亮點
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.
如披露的那樣，2023年4月3日，Pace Savings & Credit Union Limited已向公司及其子公司（統稱爲公司）貸款，簡稱”借款人“)。截至2023年3月28日，借款人欠Alterna Savings and Credit Union Limited (”Alterna“），作爲該債務的受讓人，3,812,765美元（合5,195,274加元），包括約38.7萬美元（52.7萬加元）的應計利息。2023 年 3 月 28 日，公司簽訂了日期爲 2023 年 3 月 28 日的託管協議，（託管協議“) 與第三方託管代理（”託管代理“）爲全額償還對Alterna的債務提供便利。根據託管協議，公司向託管機構存入了917,364美元（合1,250,000加元），並簽署了相互發行協議和賠償協議的對應協議。2023年10月23日，向安大略省環境、保護和公園部發放了日期爲2020年5月20日的第78號信用證，金額爲203,163.53美元（合276,830.63加元）。Alterna已將授權書存入托管機構，授權公司代表其解除與債務有關的所有擔保和登記，因此Alterna將不再擁有與公司有關的任何註冊擔保權益。2023年11月3日，託管財產被釋放，公司不再對Alterna（或Pace）有任何債務。
2023年8月1日，該公司宣佈已收到一份使用GHGenius模型的可再生天然氣（RNG）碳強度（CI）報告，該報告使用源分離有機（SSO）原料生產的天然氣的置信區間，分析與傳統和替代運輸燃料的生產和使用相關的污染物的能量平衡和排放。該模型的版本在安大略省、艾伯塔省和不列顛哥倫比亞省的可再生燃料法規中規定。GHGenius 能夠估算主要溫室氣體 (GHG) 的生命週期排放量以及來自燃燒和過程來源的標準污染物。GHGenius 可以使用存儲在模型中的能源和過程參數隨時間變化的歷史數據或相關性來預測過去、現在和未來幾年的排放。這些設施每年將總共生產約67.5萬千兆焦耳（GJ）的天然氣，每年生產的大約36,000幹噸（幹噸）的沼渣液將作爲SUSGRO有機液體肥料進行加工和出售。該公司在報告的CI分數上獲得了-24.7分。由於該系統使用反向比例方法，其中數字越低表示RNG的價值越高，可持續性也越高，因此預計公司將來將繼續獲得這些機會，吸引經驗豐富的收購合作伙伴。
2023 年 10 月 3 日，該公司宣佈已簽署十 (10) 年期可再生天然氣的商業條款 (”RNG“) 購買和銷售協議。買方將支付每公制英國熱量單位20.50美元（合28.00加元）的收購價（”mmBtu“) 對於交貨點的 RNG，相當於大約一千兆焦耳 (”GJ“）的RNG，將最終的十（10）年收購協議估值約爲1.38億美元（合188,771,520加元）。該協議是可再生天然氣購買和銷售商業條款的行業標準摘要，允許雙方在最終敲定最終的可再生天然氣購買和銷售協議時保密（”RNGPA“) 採用2023年9月22日簽署的帶有特殊條款的GaseDI基礎合同的形式。RNGPA納入了雙方同意的額外的、更全面的條款、陳述、擔保和契約，以滿足當地天然氣運營系統標準、購買承購安排和要求的報告。根據協議條款，SusGlobal承諾從2026年開始每年生產多達674,184吉焦的天然氣，通過在公司位於安大略省貝爾維爾和漢密爾頓的許可設施中對有機物進行厭氧消化產生，具體取決於未來幾周內交易確認的最終確定。
2023年10月12日，該公司宣佈其全資子公司SusGlobal Energy Belleville Ltd. (”SusGlobal 貝爾維爾“) 額外產生了大約 12,500 個經覈實的排減量和清除量 (”verRS“），並作爲安大略省Anew SusGlobal貝爾維爾堆肥抵消項目的一部分，又出售了9,000個碳信用額度（即”項目“)。該項目已經生成了大約11.7萬個VERRS（從2017年到2022年生成）。該項目和報告在溫室氣體清潔項目登記處列出，該登記處是加拿大標準協會標準部的一個業務部門（”CSA“) 用於已開發和銷售的溫室氣體 (”GHG“）抵消了該公司位於安大略省貝爾維爾的佔地49英畝的有機和非危險廢物處理和堆肥設施的信貸。該項目由Anew Climate, LLC開發，前身爲加拿大藍源（ULC）（”重新“)。
2023年11月7日，該公司宣佈，其全資子公司SusGlobal Energy Canada Corp. (”加拿大SusGlobal“），完成了對位於安大略省漢密爾頓納什路北490號的2.03英畝優質M5工業用地的購買，毗鄰公司現有的位於納什路北520號的3.26英畝土地和設施。該公司認爲，此次收購標誌着SusGlobal向前邁出了具有里程碑意義的一步，該公司合併了總面積爲5.29英畝的許可用地，鞏固了其作爲有機廢物處理和化肥生產行業領導者的地位。高力國際房地產顧問公司 (”高力“）應公司的要求，對該物業進行了分析，以估計其潛在市場價值。根據他們的觀點，費用單利的 “完整” 市場價值估計爲14,222,000美元（合18,75萬加元）。該報告描述了實現價值的方法和方法，以支持上述結論，幷包含他們在市場調查中收集的相關數據。
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.
與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，金額爲297,202美元。收入下降的主要原因是碳信貸收入減少了約83,000美元，廢物收入減少了約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."
“作爲循環經濟模式的一部分，我們將繼續處理城市有機廢物流，將其從垃圾填埋場轉移出去，同時生產再生產品並通過碳補償額度獲利。我們對今年的收入增長和收購協議的簽署充滿信心，” SusGlobal Energy Corp. 執行董事長、總裁兼首席執行官馬克·哈祖特說，“既然我們已經增加了第二家工廠的土地所有權，我們的目標是開始專有有機液體肥料的商業化，並着手實施RNG計劃，以增加收入和現金流，實現股東價值最大化，目標是在大型交易所上市。”
Unaudited 2023 Third Quarter Financial Results
未經審計的 2023 年第三季度財務業績
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記錄如下：
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.
收入爲186,901美元。
銷售成本爲193,120美元。
1,070,180美元的運營費用主要包括股票薪酬總額的312,324美元、140,161美元的利息支出、117,401美元的管理補償費、103,930美元的專業費用和214,406美元的外匯損失。
淨虧損1,193,109美元，或每股基本虧損0.01美元，攤薄後每股虧損0.01美元。
該期間的其他支出包括可轉換本票重估損失116,710美元的費用。
調整後的息稅折舊攤銷前利潤（非公認會計准則財務指標）虧損509,178美元。
截至第三季度末，總資產爲10,599,934美元，流動負債總額爲26,203,416美元。
About SusGlobal Energy Corp.
關於 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. 是屢獲殊榮的革命性無病原體有機液體肥料SusGro的開發商，是一家環境、農業、工業生物技術和可再生能源公司，專注於收購、開發全球廢物轉能源和再生產品應用領域的專有技術組合並從中獲利。管理層的目標是將SusGlobal發展成爲重要的可持續廢物轉化能源和再生產品提供商，成爲化肥、土壤和水產養殖市場值得信賴的品牌，成爲循環經濟的領導者。欲了解更多信息，請訪問公司的網站：。
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.
根據美國證券交易委員會法規G，本新聞稿中的非公認會計准則衡量標準已與最接近的GAAP衡量標準進行了覈對，可以在本新聞稿所含財務表中 “非公認會計准則信息的臨時簡明合併對賬” 標題下查看。
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.
本新聞稿包含1995年《私人證券訴訟改革法》所指的 “前瞻性陳述”，包括有關公司目標的陳述。前瞻性陳述是指非歷史事實的陳述，通常但並非總是以 “期望”、“計劃”、“預期”、“相信”、“打算”、“估計”、“項目”、“目標”、“目標”、“前景” 和類似的表達方式來識別，或者事件或條件 “將”、“會”、“可能”，” “可能” 或 “應該” 發生。公司提醒投資者，公司的任何前瞻性陳述都不能保證未來的業績或業績，實際業績可能與前瞻性陳述中的業績存在重大差異，原因包括但不限於缺乏足夠的財務資源；市場狀況、貨幣和股票的變化；公司獲得其活動所需的任何必要許可、批准、同意或授權的能力；公司生產能源的能力，沼氣、堆肥或成功或盈利地從其物業中提取有機肥料，以繼續其預期增長，或完全能夠實施公司向美國證券交易委員會提交的文件中描述的業務戰略和其他風險因素，這些文件可在www.sec.gov上查看。
- Financial Tables Follow -
-財務表格關注-
SusGlobal Energy Corp.
Interim Condensed Consolidated Balance Sheets
As at September 30, 2023 and December 31, 2022
(Expressed in United States Dollars)
(unaudited)
美國環球能源公司
中期簡明合併資產負債表
截至2023年9月30日和2022年12月31日
（以美元表示）
（未經審計）
| September 30, | December 31, | |
||||
| 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 |
|
|||
| 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 | |
||||
| 2023 | 2022 | |
||||
| 資產 | ||||||
| 流動資產 | ||||||
| 現金 | $ | 6,431 | $ | 42,900 | ||
| 信託資金 | 924,500 | - | ||||
| 貿易應收賬款 | 111,582 | 69,193 | ||||
| 應收政府匯款 | 5,080 | 6,983 | ||||
| 庫存 | 42,889 | 58695 | ||||
| 預付費用和按金 | 687,187 | 580,852 | |
|||
| 流動資產總額 | 1,777,669 | 758,623 | |
|||
| 長期資產，淨額 | 8,822,265 | 9,107,152 | |
|||
| 長期資產 | 8,822,265 | 9,107,152 | |
|||
| 總資產 | $ | 10,599,934 | $ | 9,865,775 | |
|
| 負債和股東缺陷 | ||||||
| 流動負債 | ||||||
| 應付賬款 | $ | 3,871,418 | $ | 3,475,691 | ||
| 應付政府匯款 | 453,492 | 371,587 | ||||
| 應計負債 | 1,983,650 | 1,781,258 | ||||
| 長期債務的當前部分 | 9,994,265 | 8,816,931 | ||||
| 資本租賃項下債務的當期部分 | 83,950 | 57,275 | ||||
| 可轉換本票 | 9,756,700 | 7,796,433 | ||||
| 應付給關聯方的貸款 | 59,941 | 40,0000 |
|
|||
| 流動負債總額 | 26,203,416 | 22,339,175 | |
|||
| 長期債務 | - | 52,495 | ||||
| 資本租賃下的義務 | - | 64,483 | |
|||
| 長期負債總額 | - | 116,978 | |
|||
| 負債總額 | 26,203,416 | 22,456,153 | |
|||
| 股東缺陷 | ||||||
| 優先股，面值.0001美元，授權1,000,000美元，未發行和流通普通股，面值.0001美元，授權1.5億美元，已發行和流通124,783,286股（2022年至113,438,832股） | 12,482 | 11348 | ||||
| 額外的實收資本 | 19,473,057 | 17,152,018 | ||||
| 待發行的股票 | 60,100 | 213,600 | ||||
| 累計赤字 | (35,520,256 | ) | (30,345,197 | ) | ||
| 累計其他綜合收益 | 371,135 | 377,853 | |
|||
| 股東缺陷 | (15,603,482) | ) | (12,590,378) | ) | ||
| 總負債和股東虧損 | $ | 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)
美國環球能源公司
中期簡明合併運營報表和綜合虧損表
在截至2023年9月30日和2022年9月30日的三個月和九個月期間
（以美元表示）
（未經審計）
| 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 | |
|||||||
| 在已結束的三個月期間 | 在截至的九個月期間 | |
||||||||||
| 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 | ||||
| 銷售成本 | ||||||||||||
| 開倉庫存 | 64,578 | 19,555 | 58695 | 20,582 | ||||||||
| 折舊 | 87,528 | 112,731 | 301,467 | 344,196 | ||||||||
| 直接工資和福利 | 36,459 | 52,860 | 111,984 | 158,356 | ||||||||
| 設備租賃、交付、燃料以及維修和保養 | 14,723 | 365,975 | 55,569 | 477,128 | ||||||||
| 公共事業 | 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 | |||||||||
| 減去：期末庫存 | (42,889) | ) | (48,154 | ) | (42,889) | ) | (48,154 | ) | ||||
| 總銷售成本 | 193,120 | 495,742 | 574,404 | 1,013,536 | |
|||||||
| 總虧損 | (6,219 | ) | (198,540) | ) | (69,329) | ) | (461,721) | ) | ||||
| 運營費用 | ||||||||||||
| 管理層薪酬——基於股票的薪酬 | 57,600 | 60,113 | 172,800 | 180,339 | ||||||||
| 管理補償費 | 117,401 | 115,175 | 351,162 | 350,910 | ||||||||
| 市場營銷 | 923 | (250) | ) | 122,098 | 1,003,959 | |||||||
| 專業費用 | 103,930 | 190,653 | 286,723 | 812,738 | ||||||||
| 利息支出 | 140,161 | 208,537 | 499,222 | 589,488 | ||||||||
| 辦公室和行政 | 56,567 | 67,377 | 176,120 | 259,193 | ||||||||
| 租金和入住率 | 58,385 | 54,586 | 161,127 | 171,177 | ||||||||
| 保險 | 10,974 | 12,867 | 33,167 | 76,304 | ||||||||
| 申報費 | 8,562 | 9,699 | 31,852 | 71,242 | ||||||||
| 融資成本攤銷 | 26,901 | 27,752 | 72,296 | 94,916 | ||||||||
| 董事薪酬 | 18,631 | 14,366 | 53,211 | 43,864 | ||||||||
| 基於股票的薪酬 | 254,724 | 659,050 | 785,149 | 955,837 | ||||||||
| 維修和保養 | 015 | 2,386 | 22,636 | (8,773 | ) | |||||||
| 外匯損失（收入） | 214,406 | 378,510 | (33,037 | ) | 518,690 | |
||||||
| 運營費用總額 | 1,070,180 | 1,800,821 | 2,734,526 | 5,119,884 | |
|||||||
| 經營活動淨虧損 | (1,076,399 | ) | (1,999,361) | ) | (2,803,855) | ) | (5,581,605) | ) | ||||
| 其他開支 | (116,710) | ) | (1,697,619) | ) | (2,371,204 | ) | (3,207,270 | ) | ||||
| 淨虧損 | (1,193,109) | ) | (3,696,980) | ) | (5,175,059 | ) | (8,788,875 | ) | ||||
| 其他綜合損失 | - | - | ||||||||||
| 外匯收入（虧損） | 327,961 | 652,484 | (6,718) | ) | 819,813 | |
||||||
| 綜合損失 | $ | (865,148) | ) | $ | (3,044,496 | ) | $ | (5,181,777 | ) | $ | (7,969,062) | ) |
| 每股淨虧損——基本虧損和攤薄後虧損 | $ | (0.01 | ) | $ | (0.04 | ) | $ | (0.04 | ) | $ | (0.09 | ) |
| 已發行普通股的加權平均數-基本股和攤薄 | 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)
美國環球能源公司
非公認會計准則信息的中期簡明合併對賬
在截至2023年9月30日和2022年9月30日的三個月期間
（以美元表示）
（未經審計）
| 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 | ) |
| 在截至的三個月期間 | ||||||
| 2023年9月30日 | 2022年9月30日 | |
||||
| 淨虧損（GAAP） | $ | (1,193,109) | ) | $ | (3,696,980) | ) |
| 添加以下項目： | ||||||
| 利息支出 | 140,161 | 208,537 | ||||
| 折舊和攤銷 | 87,835 | 113,056 | ||||
| 基於股票的薪酬 | 312,324 | 719,163 | ||||
| 融資成本攤銷 | 26,901 | 27,752 | ||||
| 可轉換期票重估虧損 | 116,710 | 1,447,619 | ||||
| 調整後的息稅折舊攤銷前利潤（非公認會計准則） | $ | (509,178 | ) | $ | (1,180,853 | ) |
Contact
聯繫我們
SusGlobal Energy Corp.
Marc Hazout, President and CEO
(416) 223-8500 or Toll Free: 1-866-512-7374
Email: info@susglobalenergy.com
美國環球能源公司
馬克·哈佐特，總裁兼首席執行官
(416) 223-8500 或者免費電話：1-866-512-7374
電子郵件：info@susglobalenergy.com
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