For the year ending 2025-12-31, SKYQ has $19,214,821 in assets. $16,027,854 in debts.
| Balance Sheets | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Cash | 35,370 | 385,116 | ||
| Accounts receivables | 4,688 | 1,123,897 | ||
| Prepaid expenses and other assets | 609,257 | 339,124 | ||
| Inventory | 678,365 | 3,149,236 | ||
| Total current assets | 1,327,680 | 4,997,373 | ||
| Property, plant and equipment | 5,089,139 | 6,160,318 | ||
| Oil and gas properties | 8,783,450 | 8,534,967 | ||
| Restricted cash | 770,335 | 2,929,797 | ||
| Right-of-use-asset | 35,214 | 1,115,785 | ||
| Goodwill | 3,209,003 | 3,209,003 | ||
| Total assets | 19,214,821 | 26,947,243 | ||
| Accounts payable and accrued expenses | 4,546,064 | 4,046,319 | ||
| Current portion of operating lease liability | 36,278 | 38,422 | ||
| Current portion of finance lease liability | 0 | 16,120 | ||
| Warrant liabilities | 97,486 | 459,067 | ||
| Lines of credit | 1,453,737 | 1,260,727 | ||
| Current portion of notes payable | 8,987,208 | 6,578,017 | ||
| Total current liabilities | 15,120,773 | 12,398,672 | ||
| Notes payable, net of current portion | 907,081 | 2,000,560 | ||
| Operating lease liability, net of current portion | 0 | 77,824 | ||
| Finance lease liability, net of current portion | 0 | 971,690 | ||
| Total liabilities | 16,027,854 | 15,448,746 | ||
| Common stock 0.0001 par value 2,000,000,000 shares authorized 3,233,329 and 2,378,401 shares issued and outstanding as of december 31, 2025 and december 31, 2024, respectively | 2,586 | 1,903 | ||
| Additional paid in capital | 39,563,657 | 35,674,391 | ||
| Accumulated other comprehensive loss | -212,788 | -209,708 | ||
| Accumulated deficit | -36,166,488 | -23,968,089 | ||
| Total shareholders' equity | 3,186,967 | 11,498,497 | ||
| Total liabilities and shareholders' equity | 19,214,821 | 26,947,243 | ||
Sky Quarry Inc. (SKYQ)
Sky Quarry Inc. (SKYQ)