$SNRG

SusGlobal Energy Corp.

CIK:0001652539|SEC Filings

Interim Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue	$ 17,331	$ 25,995	$ 17,331	$ 32,340
Total cost of sales	70,364	108,481	144,893	559,201
Gross loss	(53,033)	(82,486)	(127,562)	(526,861)
Operating expenses
Management compensation-fees	135,487	135,525	272,175	266,175
Professional fees	(7,725)	64,535	60,900	170,930
Interest expense	528,481	369,001	927,889	717,091
Office and administration	23,417	32,111	79,827	101,243
Rent and occupancy	83,087	66,003	129,980	121,516
Filing fees	5,191	9,928	13,457	16,949
Directors' compensation	13,549	13,553	27,218	26,618
Repairs and maintenance	0	161	0	422
Foreign exchange (income) loss	353,433	(767,824)	654,308	(788,021)
Total operating expenses	1,134,920	(77,007)	2,165,754	632,923
Net loss from operating activities	(1,187,953)	(5,479)	(2,293,316)	(1,159,784)
Other income (expenses)	3,001,125	(814,012)	2,589,929	(1,541,365)
Net income (loss)	1,813,172	(819,491)	296,613	(2,701,149)
Other comprehensive income (loss)
Foreign exchange income (loss)	560,596	(1,418,394)	1,113,017	(1,438,318)
Comprehensive income (loss)	$ 2,373,768	$ (2,237,885)	$ 1,409,630	$ (4,139,467)
Net income (loss) per share-basic	$ 0.01	$ (0.01)	$ 0	$ (0.02)
Net income (loss) per share-diluted	$ 0	$ (0.01)	$ 0	$ (0.02)
Weighted average number of common shares outstanding-basic (in shares)	142,332,019	139,090,260	142,332,019	136,591,688
Weighted average number of common shares outstanding-diluted (in shares)	682,315,094	139,090,260	682,315,094	136,591,688
Depreciation [Member]
Total cost of sales	$ 65,000	$ 65,017	$ 130,575	$ 127,696
Direct wages and benefits [Member]
Total cost of sales	4,061	15,871	11,701	26,109
Equipment rental, delivery, fuel and repairs and maintenance [Member]
Total cost of sales	0	26,649	0	403,530
Utilities [Member]
Total cost of sales	$ 1,303	$ 944	$ 2,617	$ 1,866

Interim Condensed Consolidated Statements of Cash Flows (unaudited)	6 Months Ended
	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)
Cash flows from operating activities
Net income (loss)	$ 296,613	$ (2,701,149)
Adjustments for:
Depreciation	130,575	127,696
Gain on sale of Hamilton Facility	(1,829,626)	0
Forgiveness of accrued interest on the sale of the Hamilton Facility	(1,191,850)	0
Adjustment to previously recorded provision for loss	(296,941)	0
Provision for loss	218,402	191,637
Loss on revaluation of convertible promissory notes	510,086	1,349,728
Changes in non-cash working capital:
Other receivables	0	(25,876)
Government remittances receivable	(29,272)	9,577
Prepaid expenses and deposits	(26,660)	(3,804)
Accounts payable	(1,234,834)	251,853
Accounts payable-related parties	(601,891)	54,500
Government remittances payable	22,019	(3,453)
Accrued liabilities	481,503	988,094
Accrued liabilities-related parties	46,278	86,696
Net cash used in operating activities	(3,505,598)	325,499
Cash flows from investing activities
Proceeds on sale of long-lived assets held for sale	7,636,026	0
Net cash provided by investing activities	7,636,026	0
Cash flows from financing activities
Advances of long-term debt	600,962	126,179
Repayments of long-term debt	(4,372,750)	0
Advances of loans payable to related parties	26,627	19,014
Repayment of advances of loans payable to related parties	(714,207)	(17,745)
Proceeds on private placement	0	220,000
Net cash provided by financing activities	(4,459,368)	347,448
Effect of exchange rate on cash	542,315	(665,135)
Increase in cash	213,375	7,812
Cash-beginning of period	0	1,295
Cash-end of period	213,375	9,107
Supplemental Cash Flow Disclosure:
Interest paid	$ 42,037	$ 41,405

Interim Condensed Consolidated Balance Sheets (unaudited) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash	$ 213,375	$ 0
Government remittances receivable	37,622	9,581
Prepaid expenses and deposits	40,210	23,177
Total Current Assets	291,207	32,758
Long-lived Assets, net	2,739,187	2,971,262
Long-lived Assets held for sale	0	5,836,800
Long-Term Assets	2,739,187	8,808,062
Total Assets	3,030,394	8,840,820
Current Liabilities
Accounts payable	2,701,589	4,943,000
Accounts payable-related parties	1,316,826	1,069,657
Government remittances payable	420,802	414,156
Accrued liabilities	7,307,719	8,405,258
Accrued liabilities-related parties	702,348	646,119
Current portion of long-term debt-in default	5,728,295	9,730,662
Convertible promissory notes-in default	14,968,408	14,458,322
Loans payable to related parties	82,722	781,591
Total Current Liabilities	33,228,709	40,448,765
Total Liabilities	33,228,709	40,448,765
Stockholders' Deficiency
Preferred stock, $.0001 par value, 10,000,000 authorized, none issued and outstanding	0	0
Common stock, $.0001 par value, 150,000,000 authorized, 142,332,019 (2025- 142,332,019) shares issued and outstanding	14,237	14,237
Additional paid-in capital	19,979,030	19,979,030
Accumulated deficit	(51,819,958)	(52,116,571)
Accumulated other comprehensive income	1,628,376	515,359
Stockholders' deficiency	(30,198,315)	(31,607,945)
Total Liabilities and Stockholders' Deficiency	$ 3,030,394	$ 8,840,820