Overview
- IndustryCrude Petroleum & Natural Gas1
- HeadquartersNaples, Florida1
- Business address2316 Pine Ridge Road, 383, Naples, Fl 341092
- Filer categoryNon-accelerated filer, Smaller reporting company2
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Our business depends on highly specialized research scientists, engineers, a technical sales force and experienced management.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 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Other costs99¢$249.8K
- Interest1¢$1.3K
Out of $251.1K in revenue.54 The company lost money this year.
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenue | $5.0K6 | $313.5K7 | $105.7K8 | $4.6K9 | $23310 | $251.1K5 | |
| Cost of revenue | $4.3K9 | $7410 | |||||
| Gross profit | $105.7K8 | -$2919 | $15910 | ||||
| Operating expenses | $380.5K10 | $222.9K4 | $3.0M4 | ||||
| Operating income | -$86.8K6 | -$359.2K7 | -$1.1M7 | -$450.1K9 | -$380.3K10 | -$222.9K4 | -$3.0M4 |
| Interest | $14.5K6 | $2.7K6 | $1.8K8 | $2.4K9 | $6.3K10 | $13.0K10 | $1.3K4 |
| Income before tax | -$7.3K9 | ||||||
| Net income | -$101.3K6 | -$757.9K7 | -$771.4K8 | -$499.7K9 | -$402.8K10 | -$222.9K4 | -$2.7M4 |
| Earnings per share | -$0.0112 | -$4.554 | -$0.014 | ||||
| Earnings per share (diluted) | -$4.554 | -$0.014 | |||||
| Shares (weighted, basic) | 7.8M shares10 | 50.0K shares4 | 254.9M shares4 | ||||
| Shares (weighted, diluted) | 7.8M shares10 | 50.0K shares4 | 254.9M shares4 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash | $161.1K6 | $249.7K7 | $38.8K8 | $1.3K9 | $56.0K10 | $9.4K10 | $847.7K4 |
| Inventory | $3.9K12 | $3.9K12 | |||||
| Current assets | $168.0K6 | $891.1K7 | $275.9K8 | $74.9K9 | $113.2K10 | $42.3K4 | $1.2M4 |
| Property, plant and equipment | $102.9K4 | ||||||
| Goodwill | $156.8K12 | $156.8K12 | |||||
| Intangible assets | $91.7K12 | $74.8K12 | $32.9K4 | ||||
| Total assets | $3.9M6 | $2.2M7 | $1.2M8 | $355.2K9 | $115.5K10 | $42.3K4 | $3.1M4 |
| Accounts payable | $162.3K12 | $117.2K4 | $382.7K4 | ||||
| Current liabilities | $215.2K7 | $239.4K8 | $230.2K9 | $331.7K10 | $263.6K4 | $1.5M4 | |
| Long-term liabilities | $100.0K10 | $50.0K10 | $1.6M4 | ||||
| Total liabilities | $381.8K6 | $285.4K7 | $323.8K8 | $300.2K9 | $431.7K10 | $263.6K4 | $3.0M4 |
| Retained earnings | -$3.5M10 | -$224.4K4 | -$3.4M4 | ||||
| Shareholders’ equity | $5.0M7 | $1.9M8 | $851.5K9 | $55.1K10 | $6.2K4 | -$221.3K4 | $58.9K4 |
| Shares outstanding | 8.9M shares13 | 7.6M shares7 | 7.6M shares7 | 7.6M shares7 | 8.1M shares8 | 8.7M shares9 | 296.0M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$38.4K6 | -$682.0K7 | -$272.5K8 | -$66.5K9 | -$45.3K10 | -$2.4K4 | -$1.3M4 |
| Depreciation and amortization | $29.6K10 | $1.7K10 | $33.7K4 | ||||
| Stock-based compensation | $492.7K4 | ||||||
| Capital spending | $730.8K7 | $2.0K7 | |||||
| Free cash flow | -$1.4M | -$274.5K | |||||
| Cash from investing | -$10.1K12 | -$178.6K4 | |||||
| Cash from financing | $100.0K10 | $25.0K10 | $2.4M4 |
Compare Sustainable Projects Group Inc. with another company
Corporate structure
Sustainable Projects Group Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Sustainable Projects Group Inc.
- Aldo Petersen Filed SC 13D on Sustainable Projects Group Inc., latest Feb 24, 2023
- Kestrel Flight Fund LLC Filed SC 13D on Sustainable Projects Group Inc., latest Feb 24, 2023
- Mathiesen Sune Filed SC 13D on Sustainable Projects Group Inc., latest Feb 24, 2023
- Paw Juul Filed SC 13D on Sustainable Projects Group Inc., latest Feb 24, 2023
- Sustainable Projects Group Inc. Naples, Florida
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Sustainable Projects Group Inc. 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Machinery and equipment | $62510 Dec 31, 2022 | $2.3K10 Dec 31, 2021 | −72.7% |
| Property and equipment, before depreciation | $142.6K4 Dec 31, 2023 | ||
| Accumulated depreciation | $39.7K4 Dec 31, 2023 | $5.3K14 Dec 31, 2018 | +651.2% |
| Property and equipment, net | $102.9K4 Dec 31, 2023 | $8.0K7 Dec 31, 2019 | +1181.9% |
| Operating-lease assets (leased space) | $1.7M4 Dec 31, 2023 | $72.6K8 Dec 31, 2019 | +2226.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $847.7K4 Dec 31, 2023 | $9.4K10 Dec 31, 2022 | +8954.0% |
| Deposits held (banks) | $76.5K4 Dec 31, 2023 |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $156.8K12 Dec 31, 2022 | $156.8K12 Dec 31, 2021 | 0% |
| Intangible assets, net (excluding goodwill) | $32.9K4 Dec 31, 2023 | $74.8K12 Dec 31, 2022 | −56.0% |
| Finite-lived intangibles, gross | $145.7K12 Dec 31, 2022 | $135.6K9 Dec 31, 2021 | +7.4% |
| Accumulated amortization | $70.9K12 Dec 31, 2022 | $43.9K9 Dec 31, 2021 | +61.5% |
| Finite-lived intangibles, net | $74.8K12 Dec 31, 2022 | $91.7K12 Dec 31, 2021 | −18.5% |
Inventory
Leadership
Who has led Sustainable Projects Group Inc., and when. Pick a name to see everywhere that person has worked.
Chair
Chief financial officer
Chief operating officer
- Chief executive officerMathiesen Sune Feb 24, 2023 to Feb 24, 202315
- Chief executive officerStefan Muehlbauer Jan 2, 2019 to Jan 2, 201916
- Chief executive officerChristian Winzenried Aug 10, 2017 to Aug 10, 201717
- ChairMathiesen Sune Feb 24, 2023 to Feb 24, 202315
- PresidentMathiesen Sune Feb 24, 2023 to Feb 24, 202315
- PresidentChristian Winzenried Aug 10, 2017 to Aug 10, 201717
- Chief financial officerStefan Muehlbauer Jan 2, 2019 to Jan 2, 201916
- Chief financial officerSuha Hachler Aug 1, 2017 to Aug 1, 201718
- Chief operating officerTiffany Anne Muehlbauer Jan 2, 2019 to Jan 2, 201919
Board members and other officers (6)
- Chief Technology OfficerPaw Juul Feb 24, 2023 to Feb 24, 202320
- Chief Communications OfficerStefan Muehlbauer Jul 26, 2017 to Jul 26, 201721
- Board memberStefan Muehlbauer Jul 26, 2017 to Jan 2, 201921
- Board memberSuha Hachler Aug 1, 2017 to Aug 1, 201718
- Board memberPhilip Grothe Aug 3, 2017 to Sep 5, 201722
- Board memberChristian Winzenried Aug 10, 2017 to Aug 10, 201717
Former names
Timeline
- Jan 7, 20258-K Change of auditor23
- Dec 4, 20248-K Executive or director change24
- Nov 12, 20248-K Entered a material agreement; Unregistered sale of shares25
- May 21, 20248-K Executive or director change26
- Feb 2, 20248-K Executive or director change27
- Dec 26, 20238-K Entered a material agreement; Unregistered sale of shares28
- Dec 11, 20238-K Earlier financial statements no longer reliable29
- Oct 24, 20238-K Change of auditor30
- May 15, 20238-K Executive or director change31
- Feb 24, 2023New chief executive Mathiesen Sune becomes CEO15
- Feb 15, 20238-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares32
- Jan 2, 2019New chief executive Stefan Muehlbauer becomes CEO16
- Aug 10, 2017New chief executive Christian Winzenried becomes CEO17
Filings
55 filings to the SEC since October 2021: 5 annual reports, 17 quarterly reports, 10 major events, 3 insider forms, 4 large holders, 16 other. The latest 20:
- Jun 30, 202615-12G EDGAR
- Mar 31, 2025NT 10-K EDGAR
- Jan 7, 20258-K EDGAR
- Dec 4, 20248-K EDGAR
- Nov 13, 202410-Q EDGAR
- Nov 12, 20248-K EDGAR
- Oct 31, 2024S-1 EDGAR
- Sep 3, 2024DEF 14C EDGAR
- Aug 23, 2024PRE 14C EDGAR
- Aug 14, 202410-Q EDGAR
- Jul 15, 2024S-1/A EDGAR
- Jun 10, 2024S-1 EDGAR
- May 21, 20248-K EDGAR
- May 10, 202410-Q EDGAR
- Apr 4, 202410-K EDGAR
- Apr 1, 2024NT 10-K EDGAR
- Feb 2, 20248-K EDGAR
- Jan 23, 2024UPLOAD EDGAR
- Dec 29, 2023CORRESP EDGAR
- Dec 27, 202310-Q EDGAR
The 55 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.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Aldo PetersenSC 13D, 1 filing Feb 24, 202333
- Kestrel Flight Fund LLCSC 13D, 1 filing Feb 24, 202334
- Mathiesen SuneSC 13D, 1 filing Feb 24, 202335
- Paw JuulSC 13D, 1 filing Feb 24, 202336
SEC filer profile
How Sustainable Projects Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSustainable Projects Group Inc.1
- CIK0001500305
- Employer ID (EIN)81-54451071
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Fiscal year endsDecember 311
- Industry code (SIC)1311 Crude Petroleum & Natural Gas1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address2316 Pine Ridge Road, 383, Naples, FL 341091
- Phone239-316-45931
- Shares outstanding306,220,259 as of Nov 12, 20245
- Public float$213.3K as of Jun 30, 20234
- On EDGAR sinceSep 13, 20101
- Filings182 in all: 10-Q (40), 8-K (33), 10-K (12), CORRESP (11), SC 13D (11), 3 (10), UPLOAD (10), NT 10-Q (8)1
All 23 form types
S-1/A (8), 4 (7), NT 10-K (7), 10-Q/A (5), 10-K/A (3), DEF 14C (3), PRE 14C (3), S-1 (3), EFFECT (2), 10-KT (1), 15-12G (1), 424B4 (1), 8-A12G (1), POS AM (1), SC 14F1 (1)
- Latest filingsAnnual report (10-K) Apr 4, 2024
Quarterly report (10-Q) Nov 13, 2024
Latest 8-K (8-K) Jan 7, 2025
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 20SEC EDGARPaw Juul, Chief Technology Officer
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- 22SEC EDGARPhilip Grothe, Board member
- 23SEC EDGARChange of auditor
- 24SEC EDGARExecutive or director change
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- 26SEC EDGARExecutive or director change
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- 30SEC EDGARChange of auditor
- 31SEC EDGARExecutive or director change
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