SNRG on OTC

SusGlobal Energy Corp.

SusGlobal Energy Corp. is an American refuse systems company, incorporated in Delaware, listed on OTC (SNRG).1 It is headquartered in Toronto, Canada.1

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Last updated Oct 20, 2026.

Overview

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  • TickerSNRG on OTC1
  • IndustryRefuse Systems1
  • HeadquartersToronto, Canada1
  • Incorporated inDE2
  • Business address200 Davenport Road, Toronto, A6 M5R 1J22
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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On February 4, 2019, the Company registered its common stock, having a par value of $.0001 per share, pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and is effective pursuant to General Instruction A.(d).3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-2185.0%Gross margin4
-17584.6%Net margin4
-59.5%Revenue growth, 20254

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue100¢$739.0K

Out of $32.3K in revenue.4 The company lost money this year.

Financial statements

Revenue567894$32.3K in 2025−98% since 2019
0$500.0K$1.0M$1.5M$2.0M2019: $1.4M$1.4M20192020: $1.6M$1.6M2020+16%2021: $754.3K$754.3K2021−53%2022: $720.1K$720.1K2022−5%2023: $610.5K$610.5K2023−15%2024: $79.9K$79.9K2024−87%2025: $32.3K$32.3K2025−60%
Gross profit567894-$706.6K in 2025
-$2.0M-$1.5M-$1.0M-$500.0K0$500.0K2019: $230.9K$230.9K20192020: $80.4K$80.4K2020−65%2021: -$499.8K-$499.8K20212022: -$451.4K-$451.4K2022−10%2023: -$1.6M-$1.6M2023+245%2024: -$1.2M-$1.2M2024−22%2025: -$706.6K-$706.6K2025−42%
Operating income5678-$5.3M in 2023+82% since 2019
-$8.0M-$6.0M-$4.0M-$2.0M02019: -$2.9M-$2.9M20192020: -$2.3M-$2.3M2020−19%2021: -$3.8M-$3.8M2021+64%2022: -$7.8M-$7.8M2022+103%2023: -$5.3M-$5.3M2023−32%
Net income567894-$5.7M in 2025+96% since 2019
-$15.0M-$10.0M-$5.0M02019: -$2.9M-$2.9M20192020: -$2.0M-$2.0M2020−30%2021: -$4.9M-$4.9M2021+142%2022: -$12.0M-$12.0M2022+147%2023: -$8.2M-$8.2M2023−32%2024: -$7.9M-$7.9M2024−4%2025: -$5.7M-$5.7M2025−28%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Revenue$32.3K$79.9K
Total cost of sales$739.0K$1.3M
Gross loss-$706.6K-$1.2M
Management compensation-stock- based compensation$0$216.0K
Management compensation-fees$536.8K$547.6K
Professional Fees$266.3K$683.0K
Marketing$0$501
Interest expense$1.5M$1.2M
Office and administration$423.4K$312.2K
Rent and occupancy$232.3K$240.6K
Insurance$0$43.0K
Filing fees$38.3K$34.5K
Amortization of financing costs$0$165.9K
Repairs and maintenance$445$709
Director compensation$53.7K$68.5K
Foreign exchange (income) loss-$757.3K$1.2M
Total operating expenses$2.3M$4.7M
Net Loss from Continued Operations Before Other Expenses-$3.0M-$5.9M
Other Expenses-$2.7M-$386.2K
Net Loss from Continued Operations-$5.7M-$6.3M
Net Loss from Assets Held for Sale$0-$1.6M
Net Loss-$5.7M-$7.9M
Foreign exchange (loss) income-$1.3M$1.9M
Comprehensive loss-$7.0M-$6.0M
Net loss per share from continuing operations and from assets held for sale - basic-$0.04-$0.06
Net loss per share from continuing operations and from assets held for sale - diluted-$0.04-$0.06
Weighted average number of common shares outstanding- basic (in shares)139.5M shares127.0M shares
Weighted average number of common shares outstanding- diluted (in shares)139.5M shares127.0M shares

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What it owns

What SusGlobal Energy Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$5.1M4 Dec 31, 2025$4.9M9 Dec 31, 2024+4.9%
Accumulated depreciation$2.1M4 Dec 31, 2025$1.8M9 Dec 31, 2024+19.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$04 Dec 31, 2025$1.3K4 Dec 31, 2024−100.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$09 Dec 31, 2024$09 Dec 31, 2023

Properties, in its own words

Our principal executive office is in Toronto, Ontario, Canada. We lease this property from an Ontario company controlled by the CEO of the Company, who is also executive chairman, president and a director. This lease expired on December 31, 2019. The Company is currently on a month-to-month lease. Prior to the business acquisition of May 2019, we leased the land on which our Belleville Facility is situated, near Belleville, Ontario, Canada. This property is now owned by one of the Company's wholly owned subsidiaries, 1684567 Ontario Inc., and the Company does not expend funds to satisfy this lease, as the Company is now both the landlord and the tenant.

Our property and equipment will require significant investment to carry out repairs and improvements as ordered by the MECP. This will also include the replacement of certain equipment at the Company's Belleville Facility.

The rest of Item 2

For more information, see Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations included within this report.

Item 2 of the 10-K filed Jul 14, 2026.3

Leadership

Who has led SusGlobal Energy Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Gerald P. Hamaliuk2019
  2. Marc Hazout2020–now

Chair

  1. Marc Hazout2019–now

President

  1. Marc Hazout2020–2021

Chief financial officer

  1. Ike Makrimichalos2019–2023
20202025
Board members and other officers (7)

Timeline

  1. Nov 29, 20248-K Executive or director change22
  2. Oct 16, 20248-K Executive or director change23
  3. Oct 3, 20248-K Executive or director change24
  4. Jun 15, 20238-K Debt or obligation accelerated25
  5. Apr 3, 20238-K Entered a material agreement26
  6. Feb 24, 20238-K Executive or director change27
  7. Jan 5, 20238-K Entered a material agreement; New debt or obligation28
  8. Sep 29, 20228-K Change of auditor29
  9. Sep 21, 20228-K Entered a material agreement; New debt or obligation30
  10. Jun 30, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares31
  11. Mar 25, 20228-K Shareholder vote32
  12. Mar 15, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares33
  13. Jan 16, 2020New chief executive Marc Hazout becomes CEO12
  14. Feb 13, 2019New chief executive Gerald P. Hamaliuk becomes CEO13

Filings

79 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 16 major events, 21 insider forms, 20 other. The latest 20:

  1. Aug 13, 202610-Q EDGAR
  2. Jul 14, 202610-Q EDGAR
  3. Jul 14, 202610-K EDGAR
  4. Mar 31, 2026NT 10-K EDGAR
  5. Feb 17, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  6. Nov 13, 202510-Q EDGAR
  7. Aug 14, 202510-Q EDGAR
  8. Jun 16, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  9. Jun 16, 202510-Q EDGAR
  10. May 16, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  11. May 15, 2025NT 10-Q EDGAR
  12. May 14, 202510-K EDGAR
  13. Apr 1, 2025NT 10-K EDGAR
  14. Feb 19, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  15. Dec 26, 2024UPLOAD EDGAR
  16. Dec 19, 2024CORRESP EDGAR
  17. Dec 19, 202410-K/A EDGAR
  18. Dec 4, 2024UPLOAD EDGAR
  19. Dec 3, 2024CORRESP EDGAR
  20. Dec 3, 202410-K/A EDGAR

The 79 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

7 open-market trades by officers, directors and large owners since October 2021: 5 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 3, 2026Hazout MarcExec. Chairman, Pres. & CEOSale340,000$0.03$10.2KForm 4
Feb 2, 2026Hazout MarcExec. Chairman, Pres. & CEOSale160,000$0.03$4.8KForm 4
Jun 12, 2025Hazout MarcExec. Chairman, Pres. & CEOBuy2,500,000$0.02$50.0KForm 4
May 14, 2025Hazout MarcExec. Chairman, Pres. & CEOBuy2,500,000$0.02$50.0KForm 4
Feb 18, 2025Hazout MarcExec. Chairman, Pres. & CEOBuy6,000,000$0.02$120.0KForm 4
Sep 27, 2024Hazout MarcExec. Chairman, Pres. & CEOBuy6,000,000$0.02$120.0KForm 4
Jun 14, 2023Rintoul Leslie BruceDirectorBuy310,888$0.33$102.6KForm 4

From Forms 4 filed with the SEC.

SEC filer profile

How SusGlobal Energy Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSusGlobal Energy Corp.1
  • CIK0001652539
  • Employer ID (EIN)38-40391163
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)4953 Refuse Systems1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address200 Davenport Road, Toronto, A6 M5R 1J21
  • Phone41622385001
  • Shares outstanding142,332,019 as of Aug 13, 202611
  • Public float$5.4M as of Jun 30, 20253
  • AuditorM&K CPAS, PLLC, The Woodlands, TX PCAOB ID 2738; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceJan 28, 20161
  • Filings169 in all: 8-K (36), 4 (35), 10-Q (29), 3 (10), 10-K (9), CORRESP (7), NT 10-K (7), NT 10-Q (6)1
    All 23 form types

    UPLOAD (6), S-4/A (4), 10-K/A (3), 8-K/A (3), DEF 14A (3), EFFECT (2), 8-A12G (1), CT ORDER (1), D (1), POS AM (1), PRE 14A (1), RW (1), S-1 (1), S-1/A (1), S-4 (1)

  • Latest filingsAnnual report (10-K) Jul 14, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Mar 1, 2022
    Latest 8-K (8-K) Oct 3, 2024

Risk factors and legal proceedings

The risks SusGlobal Energy Corp. names in Item 1A of its 10-K filed Jul 14, 2026: 28 risks under these headings, as written.3

  • Any investment in our securities involves a high degree of risk, including the risks described below. Our business, financial condition and results of operations could suffer as a result of these risks, and the trading price of our shares could decline, perhaps significantly, and you could lose all or part of your investment. The risks discussed below also include forward-looking statements and our actual results may differ substantially from those discussed in these forward-looking statements. See the section entitled "Information Regarding Forward-Looking Statements."
  • Risks Related to Our Business and Industry
  • We may experience claims that our products infringe the intellectual property rights of others, which may cause us to incur unexpected costs or prevent us from selling our products.
  • Our relationship with our employees could deteriorate, and certain key employees could leave the Company, which could adversely affect our business and our results of operations.
  • We face intense competition, and our failure to compete successfully may have an adverse effect on our net sales, gross profit and financial condition.
  • Failure to comply with the Foreign Corrupt Practices Act, or FCPA, and other similar anti-corruption laws, could subject us to penalties and damage our reputation.
  • We are not insured against all potential risks.
  • We may not be able to consummate future acquisitions or successfully integrate acquisitions into our business, which could result in unanticipated expenses and losses.
  • Business disruptions could seriously harm revenues and increase our costs and expenses.
  • Risks Relating to Our Common Stock
  • An active trading market may not result for our common stock.
  • We have a history of net losses, and we expect to incur additional losses.
The other 18 risks
  • Our independent registered public accounting firm's report contains an explanatory paragraph that expresses substantial doubt as to our ability to continue as a going concern.
  • We have no intention of declaring dividends in the foreseeable future.
  • We may issue preferred stock in the future, and the terms of the preferred stock may reduce the value of our common stock.
  • Special Meetings of our Stockholders may only be called by our Board of Directors or our CEO and as such, our stockholders do not have the ability to call a meeting.
  • We may be exposed to risks relating to evaluations of controls required by Sarbanes-Oxley Act of 2002.
  • If our internal controls and accounting processes are insufficient, we may not detect in a timely manner misstatement that could occur in our financial statements in amounts that could be material.
  • Information Regarding Forward-Looking Statements
  • If we fail to implement our business strategy, our financial performance and our growth could be materially and adversely affected.
  • Compliance with existing or increased future regulations and/or enforcement of such regulations may restrict or change our operations, increase our operating costs or require us to make additional capital expenditures, and a decrease in regulation may lower barriers to entry for our competitors.
  • Our operations are subject to environmental, health and safety laws and regulations, as well as contractual obligations that may result in significant liabilities.
  • General economic conditions can directly and adversely affect our revenues and our income from operations margins.
  • Some of our customers may have suffered financial difficulties affecting their credit risk, which could negatively impact our operating results.
  • We are increasingly dependent on technology in our operations and if our technology fails, our business could be adversely affected.
  • A cybersecurity incident could negatively impact our business and our relationships with customers and expose us to litigation risk.
  • We have substantial financial assurance and insurance requirements and increases in the costs of obtaining adequate financial assurance, or the inadequacy of our insurance coverage, would negatively impact our liquidity and increase our liabilities.
  • Our capital requirements and our business strategy could increase our expenses, cause us to change our growth and development plans, or result in an inability to maintain our desired credit profile.
  • The seasonal nature of our business and severe weather events may cause our results to fluctuate, and prior performance is not necessarily indicative of our future results.
  • We may experience adverse impacts on our reported results of our operations as a result of adopting new accounting standards or interpretations.

Legal proceedings

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. We are not currently aware of any such legal proceedings or claims that we believe will have, individually or in the aggregate, a material adverse effect on our business, financial condition, or operating results, other than the following:

The Company has a claim against it for unpaid legal fees in the amount of $47,600 (C$65,241). The amount is included in accounts payable on the Company's consolidated balance sheets.

On October 4, 2023, an action was launched by one of the October 2021 Investors, who claimed he was owed $1,300,000 plus accrued interest. The principal balance in the accounts and noted under convertible promissory notes, note 10(a) is $2,269,337 (December 31, 2024-$1,957,337), which is after conversions of $318,100 during 2022 and 2023 and includes accrued interest of $969,337 (December 31, 2024-$657,337). The Company has disclosed the fair value of this convertible promissory note as $3,449,419 (December 31, 2024-$2,835,298). The Company intends to repay the balance owed when it is financially able to do so.

On November 27, 2023 and March 6, 2024, the Company experienced an outflow of leachate impacted water from the stormwater pond at the Belleville Facility into the City of Belleville's (the "City") roadside ditch. The Company had been collaborating with its environmental consultants and its Canadian legal counsel to assess the damage caused, remediate this occurrence and report to the MECP.

The opening of Item 3, Legal Proceedings.3

Sources

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