PTCO 10-K & 10-Q changes, risk factors and insider trading
PetroGas Co · OTC · Crude Petroleum & Natural Gas · CIK 1609258 · All filings on SEC.gov
At a glance
What changed in the latest 10-K
Risk Factors
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
Largest changes
“The Company recognized net income of $8,978 during the year ended March 31, 2025 while incurred net loss of $90,588 during the year ended March 31, 2024. During the year ended March 31, 2025, the Company recognized gain on asset retirement obligations of $83,580.”see in full comparison
“For the year ended March 31, 2025, we used $29,942 of cash for operations primarily as a result of the net income of $8,978, offset by gain on asset retirement obligations of $83,580 and increased by net changes in operating assets and liabilities of $44,660.”see in full comparison
“For the year ended March 31, 2023, we used $33,600 of cash for operations primarily as a result of the net loss of $102,575, offset by net changes in operating assets and liabilities of $68,975.”see in full comparison
“Our net loss for the year ended March 31, 2024 decreased to $90,588 from $102,575 for the year ended March 31, 2023 due to the decrease in professional fees and interest expense.”see in full comparison
Full comparison: every changed paragraph (4)
The Company recognized net income of $8,978 during the year ended March 31, 2025 while incurred net loss of $90,588 during the year ended March 31, 2024. During the year ended March 31, 2025, the Company recognized gain on asset retirement obligations of $83,580.
Our net loss for the year ended March 31, 2024 decreased to $90,588 from $102,575 for the year ended March 31, 2023 due to the decrease in professional fees and interest expense.
For the year ended March 31, 2025, we used $29,942 of cash for operations primarily as a result of the net income of $8,978, offset by gain on asset retirement obligations of $83,580 and increased by net changes in operating assets and liabilities of $44,660.
For the year ended March 31, 2023, we used $33,600 of cash for operations primarily as a result of the net loss of $102,575, offset by net changes in operating assets and liabilities of $68,975.
What changed in the latest 10-Q
Risk Factors
As a “smaller reporting company”, we are not required to provide the information required by this Item.
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
Largest changes
see in full comparisonSixNine months endedSeptemberDecember30,31, 2025 compared tosixnine months endedSeptemberDecember30,31, 2024
Our net loss for thesee in full comparisonsixnine months endedSeptemberDecember30,31, 2025 decreased to$34,824$52,054 from$39,921$56,001 for thesixnine months endedSeptemberDecember30,31, 2024 due to the decrease in professional fees.
Our net loss for the three months endedsee in full comparisonSeptemberDecember30,31, 2025 decreased to$18,230$17,230 from$20,130$16,080 for the three months endedSeptemberDecember30,31, 2024 due to thedecreaseincrease in professional fees.
For thesee in full comparisonsixnine months endedSeptemberDecember30,31, 2025, we used$11,140$19,790 of cash for operations primarily as a result of the net loss of$34,824$52,054 decreased by net changes in operating liabilities of$23,684.$32,264.
For thesee in full comparisonsixnine months endedSeptemberDecember30,31, 2024, we used$23,898$25,398 of cash for operations primarily as a result of the net loss of$39,921$56,001 decreased by net changes in operating liabilities of$16,023.$30,603.
Full comparison: every changed paragraph (10)
Three months ended SeptemberDecember 30,31, 2025 compared to three months ended SeptemberDecember 30,31, 2024
Our net loss for the three months ended SeptemberDecember 30,31, 2025 decreased to $18,230$17,230 from $20,130$16,080 for the three months ended SeptemberDecember 30,31, 2024 due to the decreaseincrease in professional fees.
SixNine months ended SeptemberDecember 30,31, 2025 compared to sixnine months ended SeptemberDecember 30,31, 2024
Our net loss for the sixnine months ended SeptemberDecember 30,31, 2025 decreased to $34,824$52,054 from $39,921$56,001 for the sixnine months ended SeptemberDecember 30,31, 2024 due to the decrease in professional fees.
The following table provides selected financial data about our company as of SeptemberDecember 30,31, 2025 and March 31, 2025, respectively.
As of SeptemberDecember 30,31, 2025, we had a working capital deficiency of $825,074$842,304 as compared to $790,250 as March 31, 2025. The increase in working capital deficiency was due to the increase in advances from related parties and accrued interest.
For the sixnine months ended SeptemberDecember 30,31, 2025, we used $11,140$19,790 of cash for operations primarily as a result of the net loss of $34,824$52,054 decreased by net changes in operating liabilities of $23,684.$32,264.
For the sixnine months ended SeptemberDecember 30,31, 2024, we used $23,898$25,398 of cash for operations primarily as a result of the net loss of $39,921$56,001 decreased by net changes in operating liabilities of $16,023.$30,603.
We did not use any funds for investing activities during the threenine months ended SeptemberDecember 30,31, 2025 and 2024.
For the sixnine months ended SeptemberDecember 30,31, 2025 and 2024, we had net cash provided by financing activities of $11,140$19,790 and 23,898 from director advancement, respectively.
PTCO insider buying and selling (Form 4)
Since 2026-04-11, insiders reported open-market purchases in 0 Form 4 filings and open-market sales in 0 filings. Totals add up every open-market (code P and S) line in those filings, using the prices reported in the filings. Awards, option exercises, tax withholding and gifts are listed below but not counted.
No Form 4 stock transactions in this period.
Well-known investors holding PTCO (13F)
None of the 59 investors we track reported a position in their latest 13F.