Planet Green Holdings Corp. Files Q3 2024 10-Q

TL;DR

PGH filed its 10-Q for Q3 2024. Check financials.

AI Summary

Planet Green Holdings Corp. filed its 10-Q for the quarterly period ended September 30, 2024. The company, formerly known as American Lorain Corp, is incorporated in Nevada and operates in the canned, frozen & preserved fruit, veg & food specialties sector. Its principal executive offices are located in Flushing, NY.

Why It Matters

This filing provides investors with an update on Planet Green Holdings Corp.'s financial performance and operational status for the third quarter of 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing and does not inherently indicate new risks.

Key Players & Entities

• Planet Green Holdings Corp. (company) — Registrant
• September 30, 2024 (date) — Quarterly period end date
• American Lorain Corp (company) — Former company name
• Nevada (jurisdiction) — State of incorporation
• Flushing, NY (location) — Business address

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share PLAG NYSE American Securiti

Filing Documents

• ea0219143-10q_planet.htm (10-Q) — 870KB
• ea021914301ex31-1_planet.htm (EX-31.1) — 10KB
• ea021914301ex31-2_planet.htm (EX-31.2) — 10KB
• ea021914301ex32-1_planet.htm (EX-32.1) — 4KB
• ea021914301ex32-2_planet.htm (EX-32.2) — 4KB
• 0001213900-24-098608.txt ( ) — 6447KB
• plag-20240930.xsd (EX-101.SCH) — 67KB
• plag-20240930_cal.xml (EX-101.CAL) — 59KB
• plag-20240930_def.xml (EX-101.DEF) — 296KB
• plag-20240930_lab.xml (EX-101.LAB) — 506KB
• plag-20240930_pre.xml (EX-101.PRE) — 307KB
• ea0219143-10q_planet_htm.xml (XML) — 832KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 1 ITEM 1

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS F-1 ITEM 2

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 2 ITEM 3

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 5 ITEM 4

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 5

- OTHER INFORMATION

PART II - OTHER INFORMATION 7 ITEM 1

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 7 ITEM 1A

RISK FACTORS

RISK FACTORS 7 ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 7 ITEM 3 DEFAULTS UPON SENIOR SECURITIES 7 ITEM 4 MINE SAFETY DISCLOSURES 7 ITEM 5 OTHER INFORMATION 7 ITEM 6 EXHIBITS 8

SIGNATURES

SIGNATURES 9 i Caution Regarding Forward-Looking Statements This quarterly report on Form 10-Q contains forward-looking or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking described on the Registration Statement on Form S-3 filed by the Company on September 17, 2021, and as subsequently amended, together with the other information contained in this report. If any of the events descripted in the risk factors occur, our business, financial condition and operating results may be materially adversely affected. In that event, the trading price of our securities could decline, and you could lose all or part of your investment. In some cases, you can identify forward-looking "intends," "may," "plans," "potential," "predicts," "projects," "should," "would" or the negative of such terms or other similar expressions intended to identify forward-looking to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Also, forward-looking statements represent our estimates and assumptions only as of the date of this report. You should read this report completely and with the understanding that our actual future results may be materially different from what we expect. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ mate

- Financial Statements

Item 1 - Financial Statements. PLANET GREEN HOLDINGS CORP. CONSOLIDATED FINANCIAL STATEMENTS (Stated in US Dollars) CONTENTS PAGES Condensed Consolidated Balance Sheets as of September 30, 2024 (Unaudited) and December 31, 2023 F-2 Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three and Nine Months Ended September 30, 2024 and 2023 F-3 Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity for the Three and Nine Months Ended September 30, 2024 and 2023 F-4 Unaudited Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 F-6 Notes to Unaudited Condensed Consolidated Financial Statements F-7 to F-24 F-1 Planet Green Holdings Corp. Condensed Consolidated Balance Sheets September 30, December 31, 2024 2023 Assets (Unaudited) Current assets Cash and cash equivalents $ 226,517 $ 270,317 Restricted cash 975 - Accounts receivable, net 3,665,990 3,114,893 Inventories 1,487,626 1,953,063 Advances to suppliers 3,138,362 5,316,195 Other receivables 473,131 349,984 Other receivables-related parties 3,107,205 315,724 Prepaid expenses 1,018,950 978,803 Assets classified as held for sale - 211,498 Total current assets 13,118,756 12,510,477 Non-current assets Plant and equipment, net 19,034,324 20,271,844 Intangible assets, net 2,722,667 2,834,102 Construction in progress, net 31,235 30,948 Long-term investments 2,278,872 2,257,926 Goodwill 4,724,699 4,724,699 Total non-current assets 28,791,797 30,119,519 Total assets $ 41,910,553 $ 42,629,996 Liabilities and Stockholders' Equity Current liabilities Loans-current $ 1,751,038 $ - Accounts payable 3,826,357 3,328,344 Advance from customers 2,615,320 2,464,319 Taxes payable 1,294,926 1,243,060 Other payables and accrued liabilities 4,867,213 4,484,453 Other payables-related parties 7

View Full Filing

View this 10-Q filing on SEC EDGAR