Replies to post #207309 on Plastic2Oil Inc (PTOI)

[ponzi_implosion]

It's hard to say exactly but the latest 10Qs show

9 months ending 9/30/12
Property, plant and equipment additions $(2,855,674)
Deposits for purchases of prop., plant and equip. $(607,220)
Subtotal - $(3,462,895)

6 months ending 6/30/12
Property, plant and equipment additions $(2,443,358) Deposits for purchases of prop., plant and equip. $(294,280)
Subtotal - $(2,855,674)

3 month loss between 6/30/12 and 9/30/12 $(2,972,941)

Difference between 6/30/12 and 9/30/12 is $725,257, which appears to be property, plant, and equipment expenses. I'm not sure what gets lumped into the property line item. (does it include mortgage expenses, general property maintenence, or similar items?) The remaining $2,202,684 are other expense column items.

[loanranger]

"How much of that 2.9 mil are one time equipment expenses?"

Virtually none.
The $2.9M in operating expenses are represented by Selling, General and Administrative expenses and depreciation of fixed assets for the quarter.

The 10Q provides a very broad description of the S,G&A components:
"Selling, general and administrative expenses consist primarily of personnel-related costs, legal costs, accounting costs and other professional, regulatory and administrative costs."


More importantly, the calculation of operational cash flow is not nearly as simple as this suggests:
"CFP = $3 million in revenue as compared to $2.9 million in expenses. That would be CFP for Q1 of 2013."
The latest Cash Flow statement is on page 5 of http://www.sec.gov/Archives/edgar/data/1381105/000121390012005970/f10q0912_jbi.htm